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ARTEMIS INCOME I - Manager

Bestinvest rating 5 stars


Average monthly relative returns

Bestinvest MRI

07/08 08/09 09/10 10/11 11/12   3 years 5 years Career 3 years 5 years Career
-0.67% 0.55% -0.79% -0.19% 0.22%   -0.25% -0.18% 0.09% 30.9% 39.7% 99.4%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Adrian Frost


Manager. Born in 1957 and a graduate in Geography from Cambridge University, Frost worked for stockbrokers Hedderwick, moving to Andrew Weir in 1980. He joined Morgan Grenfell in 1982 and eventually headed Deutsche’s 30-strong UK Equities team responsible for managing £25bn. He managed the Deutsche UK Equity Income fund from October 1989, which was a top-performing UK fund over that period. After taking a break from fund management in 2001, he joined Artemis toward the end of that year where he has specialised in managing UK equity income funds. He is a partner of Artemis.

Track record


Adrian Frost has 23.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%.
During the worst period of relative performance (from February 2009 - December 2010) there was a decline of 20% relative to the index. The worst absolute loss has been 36%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Other funds managed

  Start Date
ARTEMIS HIGH INCOME Sep 2002
ARTEMIS INCOME R Jan 2002
Periods of worst performance
Absolute -36% (May 2007 - March 2009)
Relative -20% (February 2009 - December 2010)

Sector record since May 1988 (23 yrs)


Relative Performance in UK EQUITY INCOME


Discrete Monthly Returns - 52% Up Months

About the MRI


Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level. Read more about our approach

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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