We offer a range of UK equity, global equity, multi-asset and fixed income funds, designed to meet different long term investment objectives, including income, growth and absolute returns

We offer the Premier Portfolio Management Service, that includes a range of eight diversified growth portfolios and three diversified income portfolios, designed to meet the different objectives and risk profiles of investors

We offer two investment trusts, focused on long term income and growth

We have a team of experienced and proven fund managers

We had 6.7 billion under management as at 30 June 2019

Find out more about Premiers range of UK equity, global equity, multi-asset, absolute return and fixed income funds, designed to meet different long term investment objectives, including income, growth and absolute returns.

Find out more about the Premier Portfolio Management Service, that includes a range of eight diversified growth portfolios and three diversified income portfolios, designed to meet the different objectives and risk profiles of investors.

Find out more about Premiers two investment trusts, Premier Acorn Income Fund and Premier Global Infrastructure Trust.

Find out more about how to invest with Premier, including important information you need to read before making any investment and who to contact for more information.

For key product information, including application forms, Key Investor Information Documents, investor guides and factsheets.

For key product information, including application forms, Key Investor Information Documents, investor guides and factsheets.

For key product information including portfolio factsheets, investor guides, terms and conditions.

Key documents for Premier Global Infrastructure Trust and Acorn Income Fund, including report and accounts, factsheets, circulars and fund manager insight notes.

The aim of the fund is to generate positive returns over a rolling 3 year basis. However, there is no guarantee that this objective will be achieved over that specific, or any, time period and there is always a risk of loss to your original capital.

The Premier Multi-Asset Absolute Return Fund invests in a blend of funds and other investments that provide exposure to a range of assets including company shares (equities), bonds and alternative investments. The types of investments in the fund are expected to be typically uncorrelated with equity markets, which means that the fund is not expected to be reliant on rising stockmarkets to generate positive returns.

The London Interbank Offered Rate (LIBOR), is abenchmarkinterest rate at which major global banks lend to one another in the international interbank market for short-term loans. As the fund aims to deliver an absolute return over a rolling 3 year basis with low volatility through a portfolio that includes investments with predictable return profiles, we believe this is a meaningful benchmark to help investors assess the performance of the fund.

There is no guarantee that the fund will achieve its objective.

The full investment objective and investment policy for the fund are published in the funds Prospectus.

The past performance of an investment is not a guide to its future performance; the value of an investment and any income from it can go down as well as up. There is a risk that you could get back less than you invested.Find out more

Designed to produce the potential for steady investment growth

A diversified, multi-asset, multi-manager portfolio

Invests in different funds and investments that are invested across a range of assets including bonds, company shares, property investments and alternative assets

Managed by Premiers highly experienced multi-asset, multi-manager team

who have basic investment markets knowledge or experience of the basic characteristics and risks of funds;

who understand that all of their investment is at risk;

whose main investment priority is to grow the value of their original investment over time;

who can invest for the medium term, which means at least 3 years;

who are looking to invest in a diversified portfolio which holds different types of assets which are typically considered lower risk, rather than a fund that invests only in equities;

who understand that there are no guarantees that they will get back the full amount originally invested when they come to sell their investment; and

who have consulted with an authorised financial adviser.

The Fund might not be suitable for investors:

who want on-demand full repayment of the amount invested;

whose main investment priority is to receive a regular income;

who are unable to accept the possibility that they may not get back the full amount originally invested when they come to sell their investment;

who are looking to invest for less than 3 years; and

The suitability descriptions above are for guidance only. We would always strongly recommend that investors consult with a financial adviser who can help assess risk profiles and the suitability of a fund. We are unable to provide individual investment advice or advise on the suitability of this Fund for individual investors.

Before making an investment commitment, investors should:

Consult with an authorised financial adviser.

Understand and feel comfortable with the risks summarised in the Key Investor Information Document and detailed in the Funds Prospectus.

If you are interested in this Fund or would like any further information, please consult with your financial adviser in the first instance to ensure the Fund is appropriate for you. If you require more information please email us.

The seven-strong Premier multi-asset investment team includes five experienced investment managers, with an average of 22 years of investment industry experience and average of 16 years at Premier Asset Management.

The past performance of an investment is not a guide to its future performance; the value of an investment and any income from it can go down as well as up. There is a risk that you could get back less than you invested.Find out more

Markets in Financial Instruments Directive (MiFID II)

As part of the MiFID II legislation (effective 3 January 2018), Premier is required to assess and define the target market for each if its investment products, which means defining the types of investors whom Premier believe the investment product might be suitable for.But please note, Premier strongly recommends that potential investors and existing investors consult with a qualified financial adviser to help assess if our investment products are suitable to meet your personal circumstances and requirements.

The target market assessment document for each fund covers: the type of client the product is targeted at; expected knowledge and experience; expected financial situation, with a focus on the ability to bear losses; expected risk tolerance and compatibility of the risk and reward profile of the product with the target market; expected clients objectives; expected clients needs; and the different ways Premier believes it is reasonable to distribute the product, for example, through investment advice from a qualified person.

The past performance of an investment is not a guide to its future performance; the value of an investment and any income from it can go down as well as up. There is a risk that you could get back less than you invested.Find out more

All types of investment carry a degree of risk and it is important that you understand and are comfortable with the level of risk to which your capital could be exposed. We recommend that you consult with a financial adviser if unsure in any way.

There is the potential for loss of your original investment. The amount of investment risk will depend on the funds risk profile. We would typically expect investments that are perceived as lower risk to offer less potential for loss but with potentially lower returns, whereas we would expect higher risk investments to generate higher returns albeit with the extra risk of potential loss over the long-term. However, there are no guarantees as to how an investment will perform in the future.

Inflation could erode the relative value of your investment.

There is a risk that financial markets will fall, affecting the value of your investment.

There is no guarantee that the investment objective of the fund will be achieved.

Past performance of a fund is not a guide to future returns. The price of shares and any income from them can go down as well as up and there is the possibility of a loss to your original investment.

The levels of taxation and of relief from taxation will depend upon individual circumstances.

There may be a variation in the performance between funds with similar objectives due to the different assets selected.

Performance of a fund will be affected by the fund managers investment decisions.

If you withdraw part of your investment to supplement the income paid out to you, there is an increased risk that the residual amount of your investment will be less than your original investment when you decide to sell.

The fund may invest directly into, or be exposed to via its underlying investments, a variety of assets which carry specific risks which could impact the returns from your fund. The main risks are summarised here, with further detail available in the funds prospectus.

Alternative investments:Types of non-traditional investments such as commodities, private equity, specialist lending and hedge funds. These types of investment can help to diversify portfolios and are usually lowly correlated with traditional investments, such as bonds and equities, but can be more volatile in certain market conditions.

Collective investment schemes:This fund may be directly invested in, or have exposure to units in other collective investment schemes, such as commodity funds, hedge funds and property funds, which could expose the fund to increased levels of risk.

Counterparty credit:Where securities or financial derivative instruments require a specific entity, usually a bank, to honour its obligations.

Currency:Where investments are denominated in currencies other than sterling, changes in exchange rates may cause their sterling value to rise or fall.

Emerging market countries:Some markets in less developed countries carry higher risks than more developed countries.

Equities:As an asset class, equities can experience high levels of fluctuation in prices.

Fixed interest securities:This type of asset, which includes government and corporate bonds, is particularly affected by movements in interest rates. If interest rates rise, their price may fall, and vice versa.

Inflation:Higher inflation can negatively impact investment markets, in particular, fixed interest securities such as government bonds and corporate bonds.

Interest rate:Unexpected movements in interest rates will affect all types of assets, in particular, fixed interest securities such as government bonds and corporate bonds. If interest rates go up, the value of the bond may fall, and vice versa.

Issuer credit:Where the issuer of a security is unable to make income payments or repay its debt.

Legal/tax:Arising from a change in legal/tax regulations or the application of them.

Liquidity:During difficult market conditions, securities may become more difficult to sell and buy at a desired price.

Operational:Processes, systems and controls can fail. This is more likely to happen with more complex products or investments in overseas markets, such as emerging market countries, which may not have the same level of safekeeping, infrastructure or controls as more developed markets.

Property and Real Estate Investment Companies:Property as an asset class tends to experience cyclicality which can increase the volatility of returns.

Smaller companies:Investment in smaller companies is typically higher risk than investment in larger companies.

Structured investments:These investments have an embedded derivative and may, if certain criteria are met, experience a swift change in value.

Unregulated collective investment schemes:These investments, which include hedge funds, carry additional risks as they may not be subject to the same level of regulation as authorised or regulated schemes or under the regulation of a competent regulatory authority.

Zero dividend preference shares:Serious falls in market levels can alter their structure and adversely impact on returns.

The past performance of an investment is not a guide to its future performance; the value of an investment and any income from it can go down as well as up. There is a risk that you could get back less than you invested.Find out more

Details about the various charges that will apply to your investment, what these charges are for and the potential impact on your investment.

It is important you know what costs and charges you could pay when you invest in a Premier fund, either through one of our open-ended investment companies (OEICs) or our unit trust. We explain these costs and charges in our Premier OEIC and unit trust charges document. This document shows the charges associated with investing, including a breakdown of these charges, covering the following:

which include the recurring charges such as the annual management charge paid to Premier and and other fund operational costs, including fees paid to the depositary, custodian and auditors.

which are incurred when we buy and sell underlying investments within a fund. Transaction costs are variable, as they will depend on the level and types of transactions in each fund and are calculated according to the relevant regulations. Some of the transaction costs are explicit (leaving no room for confusion or doubt), such as the tax of 0.5% paid to the UK government on the transaction to buy shares in a company incorporated in the UK, or charges paid to firms for arranging the buying or selling of underlying investments, even if a transaction is done digitally. Some of the transaction costs are implicit, for example the cost impact to the fund of the difference in price for buying or selling an underlying investment between the time the order was initially placed and the time the order was executed. Some share prices will move every fraction of a second.

Please note:You should be careful when comparing costs from different investment firms. Different firms may use different methodologies for calculating ongoing charges figures and transaction costs; it is very important to make sure it is clear which firms are including transaction costs for underlying funds for a fair like-for-like comparison. If you need help in deciding which is the right investment product for you, we strongly recommend you speak with a financial adviser. The price and performance for all Premier funds is shown after all fund charges.

The past performance of an investment is not a guide to its future performance; the value of an investment and any income from it can go down as well as up. There is a risk that you could get back less than you invested.Find out more

The past performance of an investment is not a guide to its future performance; the value of an investment and any income from it can go down as well as up. There is a risk that you could get back less than you invested.Find out more

Premier Multi-Asset Absolute Return Fund – factsheet – class A accumulation

Premier Multi-Asset Absolute Return Fund – factsheet – class B income

Premier Multi-Asset Absolute Return Fund – factsheet – class C accumulation

Premier Multi-Asset Absolute Return Fund – factsheet – class A accumulation

Premier Multi-Asset Absolute Return Fund – factsheet – class B income

Premier Multi-Asset Absolute Return Fund – factsheet – class C income

Premier Multi-Asset Absolute Return Fund – factsheet – class C accumulation

Premier Multi-Asset Absolute Return Fund – investor target market assessment

Premier Multi-Asset Absolute Return Fund – reasons to invest

Premier Multi-Asset Absolute Return Fund – KIID – class A acc

Premier Multi-Asset Absolute Return Fund – KIID – class B inc

Premier Multi-Asset Absolute Return Fund – KIID – class C acc

Premier Multi-Asset Absolute Return Fund – KIID – class C inc

Premier funds – ISA application form & transfer form

Premier funds – application to transfer from a Premier Fund to a Premier ISA Fund (for existing clients)

Premier Liberation Fund – interim report & accounts

Premier Liberation Fund – annual report & accounts

Premier and Premier products Legal Entity Identifiers (LEIs)

The fund returned 1.3% over the three months compared with its comparator benchmark, 3m GBP LIBOR, which was up by 0.2% (performance period: 31/03/19 to 30/06/19).The fund performed well in the second quarter, with the majority of the funds holdings contributing to the positive return.

The fund has returned 10.6% over the last five years to 30/06/19 compared to the comparator benchmark return of 2.9%.

The table below shows the discrete annual performance of the fund compared to its comparator benchmark.

The London Interbank Offered Rate (LIBOR), is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. As the fund aims to deliver an absolute return over a rolling 3 year basis with low volatility, through a portfolio that includes investments with predictable return profiles, we believe this is a meaningful benchmark to help investors assess the performance of the fund.

Over the quarter, global equity markets continued to perform well, as the worlds major central banks maintained their accommodative monetary policies, and indicated that, if anything, interest rates could actually be reduced. Indeed, the Federal Reserve, having raised interest rates four times in 2018, strongly indicated that the next move in US rates could be a cut. This buoyed the US and indeed all global equity markets, while bond markets also performed well. The European Central Bank also hinted that, despite the main interest rate being at 0%, they could also reduce rates.

Expectations for lower interest rates helped to offset the negative impact of the deterioration in the trade war between the US and China. In May, the US announced higher tariffs on $200bn of Chinese exports to the US, raising the tariff rate from 10% to 25%. At the same time, they threatened to raise tariffs on the remaining $325bn of Chinese goods entering the US, while China retaliated with tariffs on $60bn of US goods. Towards the end of the period, hopes grew that there could be some resolution to the trade war, as it was announced that Presidents Trump and Xi would meet at the upcoming G20 meeting, which served to support equity markets.

With European stockmarkets playing catch-up during the period under review, European equity linked structured investments gained, and the fund benefitted from our increased exposure during the first three months of the year.

Despite an early maturity of a ZDP holding, our overall conservative equity allocation increased due to the strong performance of the funds holdings. We also increased our allocation to alternatives and specialist bonds during the quarter.

During the quarter we took profits from the managed futures funds from Natixis and Montlake Dunn. Liontrust Absolute Return Bond was added to the portfolio, financed by reducing Hermes Absolute Return Credit, as well as an early maturity of the Ranger Direct ZDP.

Equities appear very cheap relative to bonds but quantitative easing and low interest rates have inflated valuations in absolute terms. We still think this asset class has merit for longer term patient investors and a reasonable income (especially in the UK) should compensate investors for increasing levels of volatility. The UK and Japan appear to offer the best value while stronger economic growth and a younger population should benefit many emerging markets in the medium to long term. The US looks expensive to us and especially some of the countrys largest companies where prices have been supported by a high level of share buybacks by US corporations.

In summary, investors should expect lower returns going forward and higher volatility. Although this is not a great combination, interest from cash deposits will continue to disappoint (and lag inflation) for the foreseeable future.

Source: Premier Fund Managers Limited, September 2019. The information provided and opinions expressed are those of the investment manager and can change. This information should not be interpreted as investment advice. Reference to a particular fund or investment should not be taken as an investment recommendation.

Performance data taken from FE Analytics, quoted on a total return (income reinvested), bid to bid, UK sterling basis, class C accumulation shares, to 30.06.2019. Past performance is not a guide to future returns.

Premier Multi-Asset Absolute Return Fund C income

Premier Multi-Asset Absolute Return Fund A accumulation

Premier Multi-Asset Absolute Return Fund C accumulation

To calculate your dividend payment for the Fund you are invested in, you need to multiply the number of shares that you owned immediately prior to the funds ex-dividend date, by the dividend rate per share. For example, if you owned 100,000 shares in a fund and the dividend per share as at the ex-dividend date was 5p per share, the dividend payment would be worth 5,000 (100,000 x 0.05).

The tables below show the Funds dividend payments (pence per share) at each payment date and the total dividend per share over the Funds financial year, for each available share class and type e.g. class A accumulation and income shares, class B accumulation and income shares and class C accumulation and income shares, where these are available.

To calculate your dividend payment for the Fund you are invested in, you need to multiply the number of shares that you owned immediately prior to the funds ex-dividend date, by the dividend rate per share. For example, if you owned 100,000 shares in a fund and the dividend per share as at the ex-dividend date was 5p per share, the dividend payment would be worth 5,000 (100,000 x 0.05).

The tables below show the Funds dividend payments (pence per share) at each payment date and the total dividend per share over the Funds financial year, for each available share class and type e.g. class A accumulation and income shares, class B accumulation and income shares and class C accumulation and income shares, where these are available.

To calculate your dividend payment for the Fund you are invested in, you need to multiply the number of shares that you owned immediately prior to the funds ex-dividend date, by the dividend rate per share. For example, if you owned 100,000 shares in a fund and the dividend per share as at the ex-dividend date was 5p per share, the dividend payment would be worth 5,000 (100,000 x 0.05).

The tables below show the Funds dividend payments (pence per share) at each payment date and the total dividend per share over the Funds financial year, for each available share class and type e.g. class A accumulation and income shares, class B accumulation and income shares and class C accumulation and income shares, where these are available.

In each fund financial year, from 1stNovember to 31stOctober, the last ex dividend date is 1stNovember and the last dividend payment date is 28th/29thFebruary.

The funds primary objective is long term capital growth and the funds aim does not include income. Although we do not expect the funds holdings to generate any dividends to pay out to shareholders, any dividends generated would be paid to shareholders on, or before, 30thJune and 28th/29thFebruary. As the primary objective of the fund is capital growth, the ongoing charge for the fund is taken from income rather than capital. This will reduce the amount of dividends paid.

Holders of income shares are entitled to be paid any income on the relevant payment dates. In the case of holders of accumulation shares, income is not distributed but instead retained for the benefit of shareholders in that share class and is reflected in the share price.

For income shares, the dividend will normally be paid to a nominated account. If investing directly with Premier, the dividend payment will be paid direct to the nominated bank or building society account or paid out as a cheque if we dont have account details. Cheques are typically despatched the day before the dividend pay date. If not investing directly with Premier, for example through an investment platform, shareholders will need to check how and when the dividends will be paid.

If investing directly with Premier, confirmation of dividends paid will be notified via tax vouchers (unless invested via an ISA where you will be notified via the semi-annual statements) that will be posted out the day before the dividend pay date. Dividend payments will also be summarised on semi-annual statements. If not investing direct with Premier, investors will need to check with their provider as to their methods of notification.

For UK residents and other individuals subject to UK income tax, no income tax is payable in respect of the first 5,000 of dividend income that you receive from all sources in the tax year (although such income would still count towards the basic, higher and additional rate thresholds). For dividends received above 5,000 in a tax year, the dividend income would be taxable at 7.5%, 32.5% and 38.1% for basic rate, higher rate and additional rate tax payers respectively.

If you are resident in jurisdictions other than the UK for tax purposes, you will generally not be charged UK income tax on a dividend distribution unless you are carrying on a trade in the UK through a permanent establishment. Your tax position is likely to depend on the law and practice on taxation in the jurisdiction in which you are resident. Each investor will be sent a tax voucher notifying them of the amount of the distribution paid to them and of any tax deducted

Further information about the taxation of dividend distributions is available in the funds prospectus document. The information provided is based on our understanding and interpretation of current tax rules which are subject to change. Premier Asset Management is unable to provide investment or tax advice and we would advise that you seek appropriate professional advice on your individual tax position.

Dividend distributions:income that is paid out by funds that invest mainly in equities (company shares). Dividends received on those company shares are the profits paid to investors as cash or shares and are usually paid once or twice a year.

Payment date:the date that the dividend payment will normally be made. This is the date that dividend cheques are posted or dividends paid by bank mandate are credited to shareholders bank accounts (or potentially other accounts if investment has been made through a platform).

Ex-dividend date:the date that dividends are announced and allocated. The registered holder of shares immediately prior to the ex-dividend date will be entitled to the dividend for that shareholding.

Income equalisation:income equalisation is applied to each of the funds. A proportion of each funds share price reflects the amount of income accrued for distribution within the current accounting period (whether annual or interim). For a shareholders first distribution following a purchase of shares, the payment to them will contain a representation of that income purchased which is classed as a return of capital. The rate of equalisation paid out is calculated by dividing the aggregate of the amounts of income included in the price of shares purchased by all shareholders in that accounting period by the number of those shares. This will be shown on the dividend voucher for the period(s) when you buy shares.

When you invest, your money is at risk because the value of investments, and any income from them, can go down as well as up and you could get back less than you invested. The past performance of an investment is not a guide to how it will perform in the future. Because there are many different types of investment risk and investors have different attitudes to risk, we are not able to categorise our investments as having a specific level of risk. We would therefore strongly recommend that if you do not have professional experience in matters relating to investments, you should speak with a financial adviser before making an investment decision.

Premier Asset Management is not authorised to provide investment advice or tax advice. Before making an investment decision, it is also important that you read the key documentation for that investment which is available in the literature section of the website, by contacting a financial adviser or by getting in touch with us directly. SeeContact usfor more information or if you are unsure. You can find more details about the specific risks and literature that are relevant to each type of investment on the individual fund, portfolio or investment trust website pages.

The methodology and calculations used by the companies or organis