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TM Tellworth Funds

On 1 November 2023, Premier Miton announced the acquisition of Tellworth Investments LLP (‘Tellworth’). On 30 January 2024, following approval by the FCA, Tellworth joined the Premier Miton group of companies and over the weekend of 15 June 2024, the Tellworth business was successfully transitioned onto the Premier Miton platform. Premier Fund Managers Limited (trading as Premier Miton Investors) has been appointed Investment Manager for all the Tellworth funds and mandates.

Thesis Unit Trust Management Limited (‘TUTMAN’) remain as authorised corporate director for a number of the Tellworth funds, whose details can be found here . The names of the funds operated by TUTMAN have not changed following the acquisition – TM Tellworth UK Select, TM Tellworth UK Smaller Companies and TM Tellworth UK Income & Growth.

Fund managers

Paul Marriage,

fund manager

TM Tellworth UK Smaller Companies Fund

• Schroder Tellworth UK Dynamic Absolute Return Fund
• HI UK Select Fund

Paul Marriage joined Premier Miton in June 2024 from Tellworth Investments. With John Warren, Paul founded Tellworth Investments in October 2017. He joined Cazenove Capital in 2005 and became Head of UK Dynamic at Schroders in 2013 after the acquisition of Cazenove. Prior to this, Paul was Head of UK Small Cap investments at Insight Investments and an analyst at GH Asset Management

John Warren,

TM Tellworth UK Select Fund

John Warren joined Premier Miton in June 2024 from Tellworth Investments. With Paul Marriage, John founded Tellworth Investments in October 2017. He joined Cazenove Capital in 2010, moving to Schroders in 2013 after the acquisition of Cazenove. Prior to this, John worked at UBS, Investec Bank and HSBC in UK equities and before this PriceWaterhouseCoopers.

Johnnie Smith

Johnnie Smith joined Premier Miton in June 2024 from Tellworth Investments which he joined in June 2020 as a Fund Manager. Previously he was an analyst at CZ Capital researching UK mid and large cap equities across multiple sectors before becoming a portfolio manager at the firm, managing long/short mandates. Prior to that he worked at JP Morgan in Equity Sales as a UK Specialist.

James Gerlis,

James Gerlis joined Premier Miton from Tellworth Investments in June 2024. Previously he was a Fund Manager with Tellworth Investments since it was founded in October 2017. James was also Responsible Investment Lead at Tellworth. He joined Tellworth after spending 7 years at BlackRock, where he worked as an Analyst on the UK Equity and Global Emerging Markets Equity teams.

Funds in brief

• Aims to generate long term (over 5 years) capital growth by investing in the shares of small sized UK companies
• At least 80% of its assets, either directly or indirectly, are in shares of small sized UK companies. These are companies domiciled, incorporated or have a significant portion of their business in the UK and have a market capitalisation within the bottom 10% of the UK equities market.
• The fund managers aim to generate returns by using a bottom up, fundamental research approach
• The fund launched in November 2018
• Aims to generate positive annual returns with lower volatility than the Deutsche Numis All Share Index; the investment team will look to generate returns that exceed one month SONIA (SONIA 1M Interest Rate), after fees, over a three year rolling period although there is no guarantee that it will do so. Investors should note that capital is at risk, and, while the Fund aims to achieve positive returns in all market conditions over this period, there is no guarantee that it will do so over a three-year rolling period, or any, time period
• At least 80% will be exposed to listed companies domiciled, incorporated or which have a significant proportion of the business in the UK, through derivative instruments which may give either or long or short exposure.
• The team have managed the fund since 12 December 2019

TM Tellworth UK Income and Growth Fund

• Aims to achieve income (greater than the Deutsche Numis All Share index yield) and capital growth net of fees over the medium term (over a rolling 3-year period)
• Invests at least 80% of its assets in the shares of companies domiciled, incorporated or that have a significant portfolio of their business in the UK
• The fund is made up of the best investment ideas of the fund manager based on the market opportunities at any given time. The fund manager will seek to look for companies that demonstrate long-term commitment to the dividend and generate a sustainable cash flow.
• The fund launched in March 2022

Other funds managed by the team:

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• 0333 456 4560

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©Premier Miton Investors. 2024. Issued by Premier Miton Investors. Premier Portfolio Managers Limited is registered in England no. 01235867. Premier Fund Managers Limited is registered in England no. 02274227.  Both companies are authorised and regulated by the Financial Conduct Authority and are members of the ‘Premier Miton Investors’ marketing group and subsidiaries of Premier Miton Group plc (registered in England no. 06306664). Registered office: Eastgate Court, High Street, Guildford, Surrey GU1 3DE.

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THESIS UNIT TRUST MANAGEMENT LIMITED

Company number 03508646

• Company Overview for THESIS UNIT TRUST MANAGEMENT LIMITED (03508646)
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Next accounts made up to 30 April 2024 due by 31 January 2025

Last accounts made up to 30 April 2023

Confirmation statement

Next statement date 29 November 2024 due by 13 December 2024

Last statement dated 29 November 2023

Nature of business (SIC)

• 66300 - Fund management activities

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THESIS UNIT TRUST MANAGEMENT LIMITED - Thesis The Houndstar Fund ACC GBP

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