Following the recent announcement by Premier Miton that they have capped the OCF on the C Share Class of the Liberation range at 1.0% (effective 1st October 2020), we have decided to retain our Recommended rating for the range.

To facilitate this lower fee the funds will now hold some exposure to passive funds, having previously invested exclusively in active funds. Whilst we acknowledge that the alpha generation ability of the managers is reduced as a result of this change, we feel that there remains enough flexibility for the team to add value through both active asset allocation and the continued use of active managers where the team believe there is the greatest potential for alpha generation.