fund
Artemis Monthly Distribution I
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72.12p
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.
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101.92p
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?
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1.00% 0.00%
Initial chargeSome 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!
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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).
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0.84%
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.
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3.30%
Yield
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…
The fund aims to provide a combination of income and long term capital growth by investing in a globally diversified portfolio of assets. Exposure will normally be global equities, bonds and cash. The proportion of the fund allocated to each asset class as well as the underlying stock selection will be actively managed.
Fund summary
| Sector | Mixed Investment 20-60% Shares |
| Structure | UNIT TRUST |
| Launched | May, 2012 |
| Size | £737m |
| Yield | 3.30% |
| Charging basis | Capital |
| Dividends paid | Monthly |
Charges
| Standard initial charge | 1.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.84% |
Allocation
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Investment process
The fund aims to provide a combination of income and long term capital growth by investing in a globally diversified portfolio of assets. Exposure will normally be global equities, bonds and cash. The proportion of the Fund allocated to each asset class as well as the underlying stock selection will be actively managed. The Fund will actively allocate between gilts, corporate bonds and High Yield, and within equities between sector and geographies. The Fund may, in addition to its other investment powers, use cash and near cash (which includes money market instruments and deposits) and exchange traded and over the counter derivatives and forward currency contracts for hedging and investment purposes.
Manager research
Average monthly relative returns
- 16/17 0.34%
- 17/18 0.10%
- 18/19 -0.28%
- 19/20 -0.01%
- 20/21 0.17%
Bestinvest MRI
- 3 years -0.04%
- 5 years 0.06%
- Career 0.25%
- 3 years 53.60%
- 5 years 73.20%
- Career 99.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Jacob de Tusch-Lec / James Foster
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. He then joined Merrill Lynch, where he worked as a Pan European Equity Strategist before moving to Artemis in November 2005. Foster started his investment career with RSA Investments in 1989 after graduating with a degree in Economics. In 1993 he assumed responsibility for all sterling unitised fixed interest funds and in 1997 was appointed credit fund manager for all of the group's fixed interest funds. In 2002 he assumed responsibility for the credit portfolios of ISIS Asset Management. In July 2004 he went on sabbatical following the merger of ISIS with Foreign & Colonial, and in October 2004 it was announced he had resigned from ISIS. He joined Artemis in April 2005.
Track record
Jacob De Tusch-Lec / James Foster has 8.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.25%. During the worst period of relative performance (from January 2018 - March 2020) there was a decline of 12% relative to the index. The worst absolute loss has been 17%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.
Periods of worst performance
| Absolute | -17.00% (January 2020 - March 2020) |
| Relative | -12.00% (January 2018 - March 2020) |
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.
Allocation
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Top 10 holdings
Data accurate as at 31 July 2020
| 2.3621% | Nextera Energy Partners Lp |
| 2.3393% | Nobina Ab |
| 2.3281% | Storebrand Asa |
| 2.1077% | Coca-Cola Co |
| 1.9903% | Sanofi |
| 1.973% | Rai Way Spa |
| 1.8656% | United States Of Amer Treas Bills 1.5% Tb 31/08/24 Usd100 |
| 1.6766% | Agnc Investment Corp |
| 1.4673% | Metlife Inc |
| 1.3706% | Verizon Communications Inc |
| Source: Trustnet |
Sector breakdown
| Insurance | 13.00% |
| Financials | 11.00% |
| Telecommunications Utilities | 10.00% |
| Utilities | 9.00% |
| Biotechnology/Medical | 6.00% |
| Banks | 6.00% |
| Transport | 5.00% |
| Materials | 5.00% |
| Energy | 5.00% |
| Capital Goods | 5.00% |