Artemis Global Income I

Invests predominantly in large and mid-cap equities worldwide

  • 113.29p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 170.47p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.83%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 2.30%

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 25 January 2022, fund commentary last updated 07 April 2015

The fund aims to achieve a rising income combined with capital growth by investing primarily in global equities. It invests in companies of all sizes, but has a higher weighting to mid-caps compared to its peer group. The manager combines the top-down view with bottom-up stock selection. The portfolio is diversified and will include core, growth and special situations stocks. This approach allows the manager to achieve a balance of income, dividend growth and the potential for capital appreciation.

Fund summary

Sector Global Equity Income
Structure UNIT TRUST
Launched July, 2010
Size £13m
Yield 2.30%
Charging basis Capital
Dividends paid 31 Mar, 30 Sep


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.83%


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Investment process

The investment universe is comprised of around 8,000 companies with a market capitalisation in excess of $1 billion. Ideas are generated primarily from running a number of quantitative screens based on more than 30 filters. Stock ideas also come from top-down analysis and formation of global themes as well as interaction with other fund managers within Artemis and a list of selected brokers. The top-down macro is combined with bottom-up stock selection, as the manager believes stock selection alone will fail to take into account important global trends. The manager has the freedom to invest in both large and mid-sized companies and will select from three main buckets: core companies (quality/value plays) with higher yield, lower dividend growth and lower risk; growth stocks (quality/cyclical) with relatively low yield, high dividend growth, and moderate risk; risk/special situations (value/cyclicals) - typically higher yielding companies with moderate dividend growth and higher risk. Allocation to each of the three buckets will range between 40-60%, 20-40% and 10-30% respectively. Stock turnover is high.

Manager research

Average monthly relative returns

  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%
  • 21/22 -0.63%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.69%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jacob de Tusch-Lec

After graduating from the University of Copenhagen with a BA and MSc in Economics, de Tusch-Lec worked in Copenhagen as a financial journalist/editor at a publisher. He began his investment career in 1998 as a Junior Portfolio Manager at BankInvest, before gaining an MBA from the Stern School of Business at NYU in 2002. During his time at NYU he was a teaching assistant under the internationally acclaimed economist, Professor Nouriel Roubini. He then joined Merrill Lynch, where he worked as a Pan European Equity Strategist before moving to Artemis in November 2005.

Track record

The track record of Jacob de Tusch-Lec in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -17.00% (April 2010 - June 2010)
Relative -10.00% (May 2009 - February 2010)

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.


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Top 10 holdings

Data accurate as at 29 October 2021

3.4615% Exxon Mobil Corp
3.3498% Ap Moller-Maersk A/S
3.1036% Simon Property Group Inc
2.999% Pfizer Inc
2.9157% Marsh & Mclennan Cos Inc
2.8829% Ferguson Plc
2.5924% Glencore Plc
2.5563% Molson Coors Beverage Co
2.5069% Bnp Paribas Sa
2.3389% Hess Corp
Source: Trustnet

Sector breakdown

Materials 12.00%
Banks 11.00%
Energy 8.00%
Financials 8.00%
Real Estate 7.00%
Insurance 6.00%
Capital Goods 6.00%
Food, Beverages and Tobacco 6.00%
Transport 5.00%
Semi Conductors 5.00%


80-100 stocks. The manager may hedge currency where there is an overweight to any given geography.


Max absolute holding in any company is 5%. +/20% regional allocation, +/-15% sector allocation.

Key Investor Information - Income


Key Investor Information - Accumulation