Fact sheet: Artemis Global Income

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
GLOBAL EQUITY INCOME
Sector
UT Global Equity Income
Fund type
Unit Trust
Primary aim
GROWTH & INCOME
Why Money Observer Rates Artemis Global Income

Rated Fund 2014-2017. Taking a contrarian approach, with low UK exposure

This fund won Money Observer's Best Global Equity Income Fund award in 2014 and 2015, and was highly commended in 2016. Unlike many of its peer group, it keeps its UK content relatively low. So for income investors seeking diversification, it will complement rather than replicate existing UK equity income holdings.

Its yield is around 3 per cent and it pays income half-yearly. It has been managed since inception in 2010 by Jacob de Tusch-Lec, who looks for companies with good cash flows that can grow and sustain their dividends over time.

De Tusch-Lec does not follow any particular investment style. He takes a flexible approach, shifting investments between high-yielding quality, cyclical and value stocks as appropriate. He aims to construct a diversified income portfolio exposed to different countries, sectors and currencies.

He points out that there is a growing number of income stocks available to choose from globally, and his first step before making his selections is to consider Artemis's views on the world economy and the outlook for various countries and regions.

At a stock level he examines the quality of companies' dividend streams, their managements and the type of business they are involved in, to find out whether he can make money.

He likes to invest in a range of businesses, from big 'boring' companies with long dividend histories to emerging markets companies that have only just started paying dividends, and mid-sized companies with good growth prospects. He also has a strong sell discipline to ensure he does not hold on to stocks for too long.

3 Year Performance
Fund Performance35.6%
Average of Rated Funds Group41.8%
Sector Performance31.1%
Fund information
Fund name
Artemis Global Income I Inc
Fund manager company
Artemis Fund Managers Limited
Fund type
Unit Trust
Fund manager
  • Jacob de Tusch-Lecsince 18/07/2010
Accolades
Highly Commended - Global Equity Income
Fund objective
The fund aims to achieve a rising income combined with capital growth from a wide range of investments. The fund will mainly invest in global equities but may have exposures to fixed interest securities. We will not be restricted in our choice of investments, regardless of size of the company, the industry it trades in or the geographical split of the portfolio.
Benchmark
  • MSCI AC World
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
4.2%
1 Year rank in sector
25/48
Sector
UT Global Equity Income
Yield
3.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.8%
Fund size
£4,105m (£3,463m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
114
Bid price
100.49
Offer price
101.76
Top in this sector
Fund name1 Year
Equitile Resl Fdr26.5%
Aptus Global Financials24.1%
Sarasin Global Dividend (£Hg)10.7%
Sarasin Gbl Hig Div(StgHg)9.2%
Invesco Perp Global Eq Inc7.8%
...more in UT Global Equity Income

Performance snapshot

Holdings snapshot

  • USA35.4%
    Italy12.5%
    Japan6.8%
    Israel6.2%
    Norway5.7%
  • Banks26.3%
    Telecommunications Utilities10.7%
    Materials10.2%
    Financials9.9%
    Energy7.6%
  • US Equities35.4%
    Italian Equities12.5%
    Japanese Equities6.8%
    Israeli Equities6.2%
    Norwegian Equities5.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.1%1.7%2.4%4.2%35.6%87.2%
Sector-4.7%-1.3%-0.9%4.5%31.1%61.7%
Rank within sector36 / 535 / 537 / 5125 / 4816 / 372 / 29
Quartile3rd1st1st3rd2nd1st
Calendar performance
 YTD - 20182017201620152014
Fund-1.4%11.6%22.5%6.5%12.9%
Sector-3.1%11%23.1%2.7%6.8%
Rank within sector7 / 5320 / 4831 / 4210 / 373 / 35
Quartile1st2nd3rd2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.47
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.03
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.84
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
10.14
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.77
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.43
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.86
Price movement
52 week high107.3
52 week low95.49
Current bid price100.49
Current offer price101.76
Current mid price-
Region
1USA35.36%
2Italy12.53%
3Japan6.84%
4Israel6.19%
5Norway5.75%
6China5.52%
7Germany4.56%
8France3.62%
9UK2.8%
Industry sector
1Banks26.33%
2Telecommunications Utilities10.69%
3Materials10.17%
4Financials9.92%
5Energy7.61%
6Capital Goods6.49%
7Insurance4.62%
8Automotive4.42%
9Hardware3.38%
Asset type
1US Equities35.36%
2Italian Equities12.53%
3Japanese Equities6.84%
4Israeli Equities6.19%
5Norwegian Equities5.75%
6Chinese Equities5.52%
7German Equities3.87%
8French Equities3.62%
9UK Equities2.8%
Individual holdings
1CITIGROUP INC3.73%
2STOREBRAND ASA3.38%
3INFRASTRUTTURE WIRELESS ITALIA SPA3.02%
4SYNCHRONY FINANCIAL2.83%
5GENERAL MOTORS CO2.8%
6ZIONS BANCORP2.72%
7BANK OF AMERICA CORP2.57%
8EI TOWERS2.42%
9RAI WAY SPA2.32%
Management
Fund manager group
Artemis
Fund manager company
Artemis Fund Managers Limited
Fund type
Unit Trust
Fund objective
The fund aims to achieve a rising income combined with capital growth from a wide range of investments. The fund will mainly invest in global equities but may have exposures to fixed interest securities. We will not be restricted in our choice of investments, regardless of size of the company, the industry it trades in or the geographical split of the portfolio.
Benchmark
  • MSCI AC World
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Jacob de Tusch-Lec18/07/2010Jacob has managed the Artemis Global Income Fund since launch in July 2010 and the Artemis Global Equity Income Fund since launch in June 2015. He has also managed, with James Foster, the Artemis Monthly Distribution Fund since its launch in May 2012. Having joined Artemis in 2005, he managed the Artemis Capital Fund from January 2006 until June 2010. Jacob began his career in 1998 at BankInvest, one of Scandinavia's largest independent fund managers. In 2002 he joined Merrill Lynch as vice-president of pan-European equity strategy. Jacob holds a BA and an MSc in economics from the University of Copenhagen; and an MBA from the Stern School of Business at New York University (NYU). He is a member of Artemis' executive committee.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Artemis Global Income I Acc
Initial charge1%
Annual charge0.75%
Min single investment£250,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.99%
Bid price135.11
Offer price136.81
Mid price-
CurrencyGBX
Price updated16/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJXZ1
Artemis Global Income I Inc
Initial charge1%
Annual charge0.75%
Min single investment£250,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.99%
Bid price100.49
Offer price101.76
Mid price-
CurrencyGBX
Price updated16/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJXZ0
Artemis Global Income R Acc
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.83%
Bid price127.73
Offer price134.79
Mid price-
CurrencyGBX
Price updated16/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJXY9
Artemis Global Income R Inc
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.84%
Bid price94.94
Offer price100.19
Mid price-
CurrencyGBX
Price updated16/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJXY8
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