Artemis US Smaller Companies Fund I Acc GBP

US Equities

Rated Fund 2015-19. Looks to discover potential before others do

This is a relatively new fund, having been launched in 2014, but its manager since then, Cormac Weldon, is an old hand with a good long-term track record of delivering performance throughout different market cycles, so it is not surprising that the fund is the top performer in its peer group over one and three years and since launch.

The fund invests in small companies of up to £10 billion in size, typically holding around 40 to 60 stocks selected from an investment universe of more than 2,000. Weldon aims to give investors exposure to the best of America’s innovative, entrepreneurial, fast-growing and under-researched small companies.

He starts by looking at the US economy to identify areas of the market that are benefiting from thematic trends, such as the policies of the Trump administration, as well as those where conditions may not be favourable. His team uses its own analysis, company meetings and external research.

Weldon believes the burden of tariffs on goods imported from China will be borne by consumers. As a result, at the end of 2018 he had little or no exposure to industrial and consumer companies that import from China as he suspects their margins will be at risk.

Once a stock has been identified as worthy of closer inspection, in-depth, bottom-up analysis and financial modelling are used to develop and test the investment case.

While the collective research efforts of the Artemis US equity team support the fund, its final composition rests with Weldon. It is his responsibility to ensure that each of the fund’s holdings deserve their place in the portfolio.

Narrative and ratings content all as of 01 January 2019.

See all Money Observer rated funds
Name
Artemis US Smaller Companies Fund I Acc GBP
Manager
Artemis Fund Managers Limited
Type
Open Ended Investment Company
ISIN
GB00BMMV5766
Sector
North American Smaller Companies
Launched
27/10/2014
OCF
0.89 %
Risk Rating
3
3 Year Sharpe
1.35
3 Year Alpha
5.17
Yield
0 %
Benchmark
Russell 2000 TR GBP
The objective of the Sub-Fund is to achieve long-term capital growth. The Sub-Fund invests principallyin smaller 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 %
Booz Allen Hamilton Holding Corp 4.86 %
Spirit AeroSystems Holdings Inc 3.92 %
Pool Corp 3.63 %
Planet Fitness Inc A 3.35 %
Santander Consumer USA Holdings Inc 3.14 %
Churchill Downs Inc 3.09 %
Dolby Laboratories Inc 2.90 %
Nutanix Inc A 2.82 %
Vail Resorts Inc 2.66 %
NiSource Inc 2.50 %
Region %
United States 96.64 %
Sector %
Consumer Cyclical 22.87 %
Technology 17.93 %
Healthcare 15.12 %
Industrials 11.51 %
Financial Services 10.93 %
Consumer Defensive 10.04 %
Utilities 8.18 %
Name
Artemis Fund Managers Limited
Address
SW1A 1LD, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Cormac Weldon
Joined 10/27/2014

Cormac is head of the US team and has managed the Artemis US Equity, US Select and US Smaller Companies Funds since launch. He studied accounting and finance at Dublin City University, graduating in 1987 and joining KPMG. After moving to Provident Mutual where he was a US equity analyst, Cormac spent two years as a fund manager for the British Gas Pension Fund. He joined Threadneedle in 1997, later becoming head of the North America team and the lead manager of three of its US funds. He moved to 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.