Artemis Monthly Distribution Fund I Inc

Mixed Asset 0-40% Equity

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.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Artemis Monthly Distribution Fund I Inc
Manager
Artemis Fund Managers Limited
Type
Unit Trust
ISIN
GB00B6TK3R06
Sector
Mixed Investment 20-60% Shares
Launched
21/05/2012
OCF
0.84 %
Risk Rating
4
3 Year Sharpe
1.46
Yield
4 %
Benchmark
Not Benchmarked
The fund aims to achieve an income in addition to capital growth through an actively managed combination of global equities, bonds and cash. [BR/]
Holding %
United Kingdom of Great Britain and Northern Ireland 1.75% SNR PIDI BDS 22/ 3.02 %
US 10 Year Note (CBT) June18 2.79 %
Bezeq The Israeli Telecommunication Corp Ltd 2.11 %
Euro BUND Future June18 1.81 %
EI Towers SpA 1.40 %
Fletcher Building Ltd 1.36 %
Imperial Brands PLC 1.33 %
Metlifecare Ltd 1.13 %
Western Digital Corp 1.12 %
Galenica Ltd. 1.10 %
Region %
United States 29.36 %
Eurozone 22.18 %
Europe - ex Euro 10.82 %
Middle East 7.93 %
United Kingdom 6.38 %
Asia - Emerging 6.07 %
Australasia 5.93 %
Sector %
Financial Services 24.48 %
Industrials 14.59 %
Technology 9.98 %
Healthcare 9.39 %
Basic materials 9.25 %
Real Estate 8.11 %
Communication Services 7.77 %
Energy 6.23 %
Name
Artemis Fund Managers Limited
Address
SW1A 1LD, London, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Jacob de Tusch Lec
Joined 05/21/2012

Jacob’s career in investment management began in 1998 at Copenhagen-based BankInvest, one of the largest independent fund managers in Scandinavia, where he was a portfolio manager on the Central and Eastern European/Russia Equity Unit Trust. In 2002 he joined Merrill Lynch’s global equity macro research department as vice president of pan-European equity strategy. He returned to managing money in 2005 when he joined Artemis. 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), specialising in international economics and finance. During his time at NYU he was a teaching assistant under the internationally acclaimed economist, Professor Nouriel Roubini.

Jacob de Tusch Lec
Joined 05/21/2012

Jacob’s career in investment management began in 1998 at Copenhagen-based BankInvest, one of the largest independent fund managers in Scandinavia, where he was a portfolio manager on the Central and Eastern European/Russia Equity Unit Trust. In 2002 he joined Merrill Lynch’s global equity macro research department as vice president of pan-European equity strategy. He returned to managing money in 2005 when he joined Artemis. 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), specialising in international economics and finance. During his time at NYU he was a teaching assistant under the internationally acclaimed economist, Professor Nouriel Roubini.

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