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Artemis High Income Class I - Monthly Income (GBP)

Sell:73.32p Buy:73.32p Change: 0.09p (0.12%)
Prices as at 7 November 2024
Sell:73.32p
Buy:73.32p
Change: 0.09p (0.12%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 7 November 2024
Sell:73.32p
Buy:73.32p
Change: 0.09p (0.12%)
Prices as at 7 November 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

The fund invests flexibly across the fixed-interest markets, from government bonds to higher-risk high yield bonds. It also invests in some shares, which could boost long-term income and growth. This makes the fund a more adventurous option compared with some other funds that invest solely in bonds.

Artemis is home to a good team of bond investors. David Ennett and Jack Holmes co-manage the fund They're focused on producing a high income for clients and we think they have the experience, support and resources to do a good job for investors. We think this fund has the potential to deliver an attractive return and a high income to investors over the long term.

Our view on the sector

Funds in this sector do what they say on the tin - they aim to pay a high income to investors. There's more than one way to achieve this though. Each fund uses a different approach and invests in different areas. Some focus on bonds. They tend to pay a fixed rate of income, but the amount varies from bond to bond. Government bonds are perceived to be lower risk and pay a lower income to reflect this. Corporate bonds offer higher yields because of the extra risk taken when lending to companies. Bonds can be less volatile than company shares, but offer less potential to grow your income and initial investment. Other funds focus on dividend-paying shares and offer more potential for long-term growth. There are also funds with the flexibility to invest in all kinds of investments. In addition to shares and bonds, they might also invest in currencies, property or commodities.

Performance Analysis

To generate a high income for investors, the fund invests in high-yield bonds and also invests in some company shares. Both of these can increase volatility and mean that we don't expect the fund to hold up quite as well as some other funds in the sector when bond markets go through a tough patch but expect it to perform better than peers in the IA £ Strategic Bond sector in a rising market. This makes the fund a more adventurous option compared with some other funds that invest solely in bonds. We think it has the potential to perform well over the long term though, although there are no guarantees.

Investment Philosophy

The managers' investment philosophy is simple. They invest in bonds that offer an attractive yield and keep hold of them until they find more attractive income opportunities elsewhere.

Process and Portfolio Construction

The managers look to identify bonds offering attractive yields and trading at attractive valuations from companies they believe will be able to service their debts and pay bondholders. They focus on finding cash generative companies which possess pricing power. This includes spending time analysing the dynamics of both the industry in which the company operates in and the company itself.

Up to 20% of the fund can be invested in the shares of UK and European companies. Ed Legget contributes to this part of the portfolio by selecting the shares that feature. This part of the fund could boost both growth and income.

question mark Manager Track Record Based on HL Quantitative Research

  • Artemis High Income R Inc GBP
  • IA £ Strategic Bond
FROM: TO:


Source: Refinitiv Lipper

Fund Track Record

07/11/19 to 07/11/20 07/11/20 to 07/11/21 07/11/21 to 07/11/22 07/11/22 to 07/11/23 07/11/23 to 07/11/24
Annual return -1.16% 10.51% -12.97% 7.65% 16.51%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Artemis was formed in 1997 and offers a range of funds invested in the UK, Europe and around the world. The Artemis philosophy is that a fund's primary aim is to beat the market and generally the fund managers are free to pursue their best ideas in order to achieve this. Artemis is home to some of the market's leading fund managers who are required to invest their own money into their funds, and therefore success for them is success for their investors. We feel this is a great incentive for them to continue striving for good performance.

Information about the fund

Fund manager biography

Manager Name: David Ennett
Manager start date: 8 September 2021
Manager located in: TBC

TBC

manager photo
Manager Name: Ed Legget
Manager start date: 8 September 2021
Manager located in: Edinburgh

Ed joined Artemis in December 2015 to manage the Artemis UK Select Fund. He graduated in manufacturing engineering from Cambridge and began his career in asset management at Standard Life Investments (SLI) in 2002. There he managed several UK equity funds, including the SLI UK Equity Unconstrained Fund. Ed is a CFA charterholder.

Manager Name: Jack Holmes
Manager start date: 8 September 2021
Manager located in: TBC

TBC

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now