Artemis US Extended Alpha Fund I Acc GBP

US Equities

Rated Fund 2018-19. Navigates choppier waters

Artemis US Extended Alpha has outperformed peers and the wider US stockmarket over the past year and remains a leader of the pack over three years and since it launched in 2014.

Having made its debut as a Rated Fund last year, it was later highly commended in the Best North America fund category of Money Observer’s 2018 awards.

This fund could prove a useful tool in investors’ armoury should investment waters get choppier. That is because the £1.4 billion fund can profit from falling as well as rising share prices.

Stephen Moore, its manager since inception, combines a traditional portfolio of ‘long’ US stocks (where the manager expects a company’s share price to rise) with a portfolio of ‘short’ positions (where he aims to make money from an anticipated share price fall).

He builds a portfolio of 130 ‘best ideas’ across its long and short portfolios with the goal of outperforming the S&P 500 index across the economic and market cycle. The team takes a sector-based approach, with analysts covering 40 to 60 stocks each and coming up with both long and short ideas for Moore. On the long side, they seek to make twice as much money as they could lose. On the short side, the reverse is true.

A flexible approach to stock-picking – adapting the fund’s investment style as Moore sees fit – is combined with analysis of long-term trends shaping the US economy. Moore seeks to identify areas benefiting from supportive trends, as well as those for whom conditions are less favourable. At the end of 2018, the fund’s largest net sector exposures were healthcare and information technology.

Narrative and ratings content all as of January 2019.

See all Money Observer rated funds
Artemis US Extended Alpha Fund I Acc GBP
Artemis Fund Managers Limited
Open Ended Investment Company
North America
0.87 %
Risk Rating
3 Year Sharpe
3 Year Alpha
0 %
S&P 500 TR Hdg GBP
The objective of the Sub-Fund is to achieve long-term capital growth. The emphasis of the Sub-Fund is investment in companies listed, quoted and/or traded in the United States of America and in companies which are headquartered or have a significant part of their activities in the USA which are quoted on a regulated market outside the USA.
Holding %
Microsoft Corp 7.12 %
United States Treasury Bills 0% 5.45 %
Visa Inc Class A 3.75 %
Alphabet Inc Class C 3.68 %
Comcast Corp Class A 3.37 %
Berkshire Hathaway Inc B 3.32 %
Boeing Co 3.21 % Inc 2.85 %
Zoetis Inc Class A 2.76 %
Anthem Inc 2.58 %
Region %
United States 100.88 %
Sector %
Technology 22.13 %
Financial Services 19.09 %
Healthcare 12.65 %
Consumer Cyclical 12.52 %
Industrials 8.51 %
Communication Services 7.56 %
Basic materials 6.42 %
Artemis Fund Managers Limited
SW1A 1LD, London, United Kingdom
Legal Structure
Open Ended Investment Company


William Warren
Joined 09/19/2014

William joined Artemis in 2014 from Columbia Threadneedle, where he had worked since 2008 as deputy manager of the Threadneedle US Extended Alpha and US Absolute Alpha funds. William began his career in New York as an analyst at JP Morgan in 1997. He joined the research department at Lehman Brothers in 2000 as an associate where he covered the software industry for three years before moving to the proprietary trading group where he was a Senior Vice President and portfolio manager until 2008.

Data provided by Morningstar.

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