Artemis Monthly Distribution Fund I Inc

Mixed Asset 41-60% Equity

Rated Fund 2016-20. Fund’s lower-risk yield is ideal for pension investors      

Artemis Monthly Distribution was named Best Lower Risk Mixed Asset Fund in Money Observer’s 2017 awards and Morningstar upgraded its rating from bronze to silver in 2018. It boasts an annual yield of 3.9%, paid monthly, making it ideal for pension investors drawing regular income from their portfolios. It achieves this from a widely dispersed portfolio. Its significant level of overseas exposure sets it apart from peers.

Managers James Foster and Jacob de Tusch-Lec are responsible for the portfolio’s bond and equity holdings respectively. Foster takes his best ideas from the Artemis Strategic Bond fund, while de Tusch-Lec uses the same stockpicking approach and core income ideas from the Artemis Global Income fund. The managers believe their differing but complementary perspectives allow them to identify where value lies in a company’s capital structure. A company’s bond will sometimes offer a better return than its shares, and vice versa.

The managers favour quality businesses in robust financial positions, and select holdings they feel are right for prevailing economic conditions. The fund has ongoing charges of 0.84%.

Narrative and ratings content all as of 01 January 2020.

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
-0.07
3 Year Alpha
-5.41
Yield
4.1 %
Benchmark
IA Mixed Investment 20-60%Shares
The Fund aims to generate monthly income, combined with some capital growth over a five year period. The Fund invests 40%-80% in bonds (of any credit quality) and 20%-60% in company shares. The fund may also invest in near cash, other transferable securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments, and derivatives.
Holding %
Sanofi SA 2.44 %
Iberdrola SA 2.03 %
Blackstone Group Inc 2.00 %
United States Treasury Notes 3.12% 1.83 %
Nobina AB 1.79 %
NextEra Energy Partners LP 1.69 %
United States Treasury Notes 1.25% 1.58 %
Rai Way SpA 1.57 %
The GEO Group Inc 1.42 %
Storebrand ASA 1.36 %
Region %
Eurozone 35.05 %
United States 33.39 %
Europe - ex Euro 8.59 %
Australasia 6.00 %
United Kingdom 5.13 %
Sector %
Industrials 19.03 %
Financial Services 15.71 %
Communication Services 13.46 %
Healthcare 13.11 %
Utilities 11.93 %
Energy 6.02 %
Real Estate 5.61 %
Technology 5.28 %
Basic materials 5.21 %
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.

James Foster
Joined 05/21/2012

James 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.

Data provided by Morningstar.

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