CF Miton UK Multi Cap Income Fund

(previously the Acuim UK Multi Cap Income Fund)

The CF Miton UK Multi Cap Income Fund aims to provide attractive levels of dividends coupled with capital growth over the long term. The fund is able to invest across the market cap spectrum of UK quoted companies, and will make selections on the basis that they have scope to grow dividends at a faster rate over the long-term when compared to other funds in the sector

Key points about the CF Miton UK Multi Cap Income Fund:

  • The emphasis on opportunities to provide ‘good and growing’ income
  • A way to diversify the delivery of income and growth alongside existing income and growth funds
  • The flexibility to invest in UK companies of all market capitalisations
  • The fund is not constructed or managed against a specific index or benchmark
  • The potential for the fund to grow the initial rate of dividend at a faster rate over the long-term when compared to other funds that invest predominantly in large cap stocks
  • Quarterly income payments
  • A diversified portfolio of 80-120 holdings
  • Fees and costs are charged against capital so all dividend income can be paid to investors

To provide shareholders with an attractive level of dividends coupled with capital growth over the long term. The fund will invest primarily in quoted UK companies with a wide range of market capitalisations but a long-term bias toward small and mid cap equities. The company may also invest in large cap companies, including FTSE 100 constituents, where it is believed that this may increase shareholder value. There will be no particular emphasis on any industrial or economic sector.

The CF Miton UK Multi Cap Income Fund may also invest in collective investment schemes, cash, money market instruments, other transferable securities and derivatives and forward transactions.

Gervais Williams – Lead Fund Manager

Gervais Williams manages a number of funds that aggregate to over £1bn, including the CF Miton UK Multi Cap Income Fund. He is also Managing Director at Miton Group plc, the independent listed fund management group that has a reputation for offering strategies that are distinctive from most others. His fund management career extends over nearly 30 years including 17 years with Gartmore Group Ltd, where he was head of UK Small Companies investing in UK smaller companies and Irish equities. He won Investor of the Year awarded by Grant Thornton at their Quoted Company Dinner in both 2009 and 2010. Gervais is a member of the AIM Advisory Council and a board member of the Quoted Companies Alliance. He is also on the EU Taskforce reviewing why the number of smaller IPOs has declined over recent decades. Gervais published his first book ‘Slow Finance’ in the autumn of 2011, and is due to publish another in the autumn of 2014. He was recently awarded Fund Manager of the Year 2014 by What Investment.

Martin Turner – Fund Manager

Martin Turner joined Miton Group plc in May 2011. Prior to Miton, Martin has spent nearly 20 years in the City. He qualified as a Chartered Accountant with Arthur Andersen in 1995 before moving to Rothschild and in time on to Head of Pan European Mid and Small Caps Sales at Merrill Lynch. Following this, Martin was Head of Sales at Teathers/Landsbanki before taking the Head of Small/Mid Cap Equities role covering research, sales and trading at Collins Stewart. Martin and Gervais have worked closely since 2004, and their expertise and skills are expected to complement each other in seeking to deliver premium returns for their investors.
Martin is the Fund Manager on the CF Miton UK Multi Cap Income Fund (previously Acuim UK Multi Cap Income Fund), CF Miton UK Smaller Companies Fund and the Diverse Income Trust plc.

A bottom-up investment approach, with a highly diversified portfolio of stocks (around 100 stocks, few accounting for more than 1.5% of assets) of various market capitalisation sizes, but with a bias to mid and small cap companies. The portfolio will not target any particular benchmark.

  • Absolute return mentality for each investment decision taken
  • Macro considerations determine investment timing, including the outlook for the overall market, and can preclude investment in specific sectors such as high-street banking
  • Detailed knowledge of addressable universe of companies
  • Detailed and regular meetings with company management teams
Fund factsheet
Martin Gray   15th October 2011
Gervais Williams – Director of Miton Group and manager of the
CF Miton UK Multi Cap Income Fund (previously the Acuim UK Multi Cap Income Fund)

Click here to view an introduction to the CF Miton UK Multi Cap Income Fund with manger Gervais Williams.

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Miton is a trading name of Miton Asset Management Limited (reg. no.1949322) and PSigma Unit Trust Managers Limited (reg. no.220241) incorporated and registered in England and Wales (with its registered office at 51 Moorgate, London EC2R 6BH) and authorised and regulated by the Financial Conduct Authority. Telephone calls may be recorded and monitored.

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