Artemis Monthly Distribution I Acc

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Trading AccountISAJISASIPP

Fund Info

  • Yield History3.12%
  • 3 Year sharpe0.36
  • 3 Year alpha-4.08
  • Distribution Typeaccumulation
  • BenchmarkIA Mixed Investment 20-60%Shares
  • Legal StructureUnit Trust
  • Fund Size (month end)Unit Trust
  • OCF0.86%
  • IA SectorMixed Investment 20-60% Shares
  • Manager GroupArtemis
  • DomicileUnited Kingdom
  • ISINGB00B75F9Z67

Investment Strategy

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.

ii Super 60 selected

This Fund is a member of our ii Super 60 rated list

Artemis Monthly Distribution has a historic monthly yield of 3.7%, making it suitable for long-term investors drawing a regular income from their portfolios. It achieves this from a widely dispersed portfolio across geographies and asset classes, with its significant level of overseas exposure setting it apart from peers – with typically around one quarter of assets in the UK. The fund invests around 60% in bonds and 40% in company shares.

James Foster and Jacob de Tusch-Lec have run the fund since its inception in 2012. They are responsible for the portfolio’s bond and equity holdings respectively. They take the same approach as they do 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. The managers believe their differing but complementary perspectives allow them to identify where the value lies in a company’s capital structure. In some cases, a company’s bonds will offer a better return than its shares and vice versa.

The managers favour quality businesses in robust financial positions. They do not ignore what is going on in the wider economy either. 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.

September 2020

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