Fact sheet: Artemis Monthly Distribution

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.
MIXED ASSET 0-40% EQUITY
Sector
UT Mixed Investment 20-60% Shares
Fund type
Unit Trust
Primary aim
INCOME
Why Money Observer Rates Artemis Monthly Distribution

Rated Fund 2016-2018. Lower-risk yield ideal for pension investors

Artemis Monthly Distribution was named Best Lower Risk Mixed Asset Fund in Money Observer's 2017 awards. Income-oriented mixed asset funds that combine shares and bonds typically invest in UK equities. This fund is a bit different in that it has a significant level of exposure to overseas equities and bonds. It yields more than 4 per cent and income is paid monthly, making it ideal for pension investors drawing an income from their portfolios.The fund has been managed from inception in 2012 by James Foster and Jacob de Tusch-Lec, who are responsible for the portfolio's respective bond and equity holdings, roughly split 60/40. The duo favour quality businesses in robust financial positions.They use the same approaches as they take with other funds they manage. Foster takes his best ideas from the Artemis Strategic Bond fund, while de Tusch-Lec uses the same stock-picking approach and core income ideas from the Artemis Global Income fund. They believe their complementary perspectives allow them to identify where the value lies in a company's capital structure. In some cases, a company's bonds offer a better return than its shares. In others, the shares represent a better opportunity.They select the holdings they feel are right for prevailing economic conditions. De Tusch-Lec points out that while some other income funds rely on 'defensive' income stocks, this fund takes a more flexible approach to investing in equities, holding 'value' or 'cyclical' stocks depending on the prevailing conditions at the time. The fund has ongoing charges of 0.89 per cent.

3 Year Performance
Fund Performance23.5%
Average of Rated Funds Group15.3%
Sector Performance10.8%
Fund information
Fund name
Artemis Monthly Distribution I Inc
Fund manager company
Artemis Fund Managers Limited
Fund type
Unit Trust
Fund managers
  • Jacob de Tusch-Lecsince 21/05/2012
  • James Fostersince 21/05/2012
Accolades
Highly Commended - Mixed Asset Lower Risk
Fund objective
The fund aims to achieve an income in addition to capital growth through an actively managed combination of global equities, bonds and cash. [BR/]
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
2.1%
1 Year rank in sector
86/200
Sector
UT Mixed Investment 20-60% Shares
Yield
4.1%
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.
0.84%
Fund size
£755m (£440m 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.
52
Bid price
72.83
Offer price
74
Top in this sector
Fund name1 Year
Invesco Perp Eurpn High Inc7.3%
Aberdeen Divfd Core Gth7.3%
Invesco Perp Gbl Dist7.1%
M&G Episode Income6.9%
Barclays Mul As Hgh Inc6.5%
...more in UT Mixed Investment 20-60% Shares

Performance snapshot

Holdings snapshot

  • UK22.4%
    USA11.6%
    Money Market9.9%
    Italy7.3%
    France6.1%
  • Banks14.6%
    Financials10.2%
    Money Market9.9%
    Insurance9.5%
    Telecommunications Utilities8.9%
  • Global Investment Grade Fixed Interest14.1%
    UK Fixed Interest12.9%
    US Equities12.8%
    Money Market9.9%
    Italian Equities5.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-3.7%-1.8%2.1%23.5%55.2%
Sector-0.5%-2.9%-1.5%1.8%10.8%26.5%
Rank within sector176 / 212168 / 208126 / 20286 / 2004 / 1781 / 152
Quartile4th4th3rd2nd1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-2.7%9%17.9%7.8%9.1%
Sector-2.2%7.1%10.3%1.2%5%
Rank within sector152 / 20841 / 1968 / 1871 / 1735 / 160
Quartile3rd1st1st1st1st
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.
3.19
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.
1.16
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.
0.6
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%.
6.48
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.
2.33
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.
1.59
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.
0.89
Price movement
52 week high76.69
52 week low71.93
Current bid price72.83
Current offer price74
Current mid price-
Region
1UK22.36%
2USA11.64%
3Money Market9.94%
4Italy7.29%
5France6.05%
6Luxembourg4.14%
7Netherlands3.95%
8Israel3.27%
9New Zealand2.71%
Industry sector
1Banks14.59%
2Financials10.18%
3Money Market9.94%
4Insurance9.54%
5Telecommunications Utilities8.91%
6Utilities7.39%
7Energy7.15%
8Materials7.13%
9Transport3.54%
Asset type
1Global Investment Grade Fixed Interest14.1%
2UK Fixed Interest12.89%
3US Equities12.8%
4Money Market9.94%
5Italian Equities5.12%
6Luxembourg Fixed Interest4.14%
7Israeli Equities3.27%
8US Fixed Interest3.15%
9German Fixed Interest3.1%
Individual holdings
1HM TREASURY UNITED KINGDOM DMO 1.75% GILT 22/07/19 GBP0.013.09%
2BEZEQ-ISRAELI TELECOMUNICATION CORP2.33%
3FLETCHER BUILDING1.52%
4EI TOWERS1.47%
5METLIFECARE LTD1.19%
6ABBVIE INC1.12%
7BANK OF AMERICA CORP1.12%
8CITIGROUP INC1.09%
9IMPERIAL BRANDS PLC1.08%
Management
Fund manager group
Artemis
Fund manager company
Artemis Fund Managers Limited
Fund type
Unit Trust
Fund objective
The fund aims to achieve an income in addition to capital growth through an actively managed combination of global equities, bonds and cash. [BR/]
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
Jacob de Tusch-Lec21/05/2012Jacob 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.
James Foster21/05/2012James has managed the Artemis Strategic Bond Fund with Alex Ralph since launch in June 2005. He has also run the Artemis Monthly Distribution Fund with Jacob de Tusch-Lec since its launch in May 2012. James has 20 years' experience of managing bond funds and was one of the first to establish a retail bond fund in the UK. He joined Artemis in April 2005 from F&C Asset Management where he was the head of credit, ultimately responsible for about 15 billion of assets.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Artemis Monthly Distribution I Acc
Initial charge1%
Annual charge0.75%
Min single investment£250,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price92.25
Offer price93.74
Mid price-
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10ED
Artemis Monthly Distribution I Inc
Initial charge1%
Annual charge0.75%
Min single investment£250,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price72.83
Offer price74
Mid price-
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10EE
Artemis Monthly Distribution R Acc
Initial charge5.25%
Annual charge1.5%
Min single investment£10,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.59%
Total expense ratio (TER)-
Bid price88.89
Offer price94.12
Mid price-
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10EB
Artemis Monthly Distribution R Inc
Initial charge5.25%
Annual charge1.5%
Min single investment£10,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.59%
Total expense ratio (TER)-
Bid price70.03
Offer price74.15
Mid price-
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10EC
Data provided by

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