Artemis US Extended Alpha Fund I Acc GBP

US Equities

New for 2018. Profits from falling and rising share prices

Artemis US Extended Alpha is a new addition for 2018 on account of its strong performance over the past three years and the calibre of manager Stephen Moore, who has run this fund since it launched in 2014. It also offers something different from the other funds in our selection because it is a 'long/short' fund. This means that it 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). Moore has worked with the team for 20 years and has been shorting stocks for 13 of them.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 he 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 2017, the fund's largest net sector exposure was information technology. He is more negative on consumer staples amid lacklustre cash flow growth and high valuations, and on banks due to pressures on profitability.

Narrative and ratings content all as of 01 January 2018.

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Artemis US Extended Alpha Fund I Acc GBP
Artemis Fund Managers Limited
Open Ended Investment Company
North America
0.82 %
Risk Rating
3 Year Sharpe
3 Year Alpha
0 %
S&P 500 TR EUR
The objective of the fund is to achieve long-term capital growth. The emphasis of the 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 6.60 %
Alphabet Inc Class C 5.91 %
E-mini S&P 500 Dec18 5.79 % Inc 3.52 %
Berkshire Hathaway Inc B 3.45 %
UnitedHealth Group Inc 3.05 %
Norfolk Southern Corp 2.94 %
Anthem Inc 2.59 %
Apple Inc 2.34 %
Cintas Corp 2.34 %
Region %
United States 105.45 %
Sector %
Technology 21.69 %
Healthcare 16.80 %
Financial Services 16.67 %
Industrials 16.38 %
Consumer Cyclical 10.69 %
Energy 5.66 %
Artemis Fund Managers Limited
SW1A 1LD, London, United Kingdom
Legal Structure
Open Ended Investment Company


Stephen Moore
Joined 09/19/2014

Stephen has managed Artemis' US Extended Alpha and US Absolute Return Funds since launch. He holds a BComm and BA from the University of Queensland and is an associate of the Securities Institute of Australia. Stephen began his career at First State in 1997 and moved to Threadneedle's US team in 2002. He launched the Threadneedle American Extended Alpha Fund in 2007, became lead manager on the US hedge fund in 2008 and launched the Threadneedle American Absolute Alpha Fund in 2010. Stephen joined Artemis in 2014.

Data provided by Morningstar.

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.