Artemis UK Smaller Companies I

  • 1933.95p
    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.

  • 2175.82p
    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).

  • 0.86%
    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.

  • 0.80%
    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…

Prices as at 27 July 2021, fund data last updated 13 May 2014

The Fund aims for long-term capital growth. The Fund manager, Mark Niznik, has an emphasis on smaller companies listed, quoted and/or traded in the UK and in smaller companies which have a significant part of their activities in the UK which are quoted on a regulated market outside the UK. The fund focuses on companies with a sustainable business franchise trading at an attractive valuation point in their business cycle. The Fund will invest in all company types and industry sectors, having no biases or exclusions. The manager is benchmark agnostic and the performance can, therefore, deviate quite substantially.

Fund summary

Sector UK Smaller Companies
Structure UNIT TRUST
Launched
Size £486m
Yield 0.80%
Charging basis Income
Dividends paid Feb

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.86%

Allocation

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Investment process

Investment ideas come from a network of brokers and consultants as well as extensive company meetings in the industry and the other managers at Artemis. The fund manager, Mark Niznik, will not be restricted to a house style or process at Artemis. His focus is on companies’ competitive advantage, visibility of earnings, growth in market share, cash dynamics of the business, diversity of customers and suppliers and critically the quality and depth of management. The manager aims to identify companies where there is a catalyst for share price appreciation, such as a favourable supply/demand balance, new technology breakthroughs or innovation. A company’s valuation is the last factor to be considered and is critical to the decision-making process. The fund manager’s valuation metrics include the P/E ratio, yield, free cash flow and asset backing (physical or intellectual property). The Fund’s capital is allocated on the basis of perceived share price upside and conviction and is not a function of their weighting in the index. Niznik’s buy/sell discipline reflects the share price potential of new investments compared with existing holdings. He is able to leverage off eight other UK equity specialists, many of whom have a bias towards small / mid cap companies.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 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.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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

Proportion (%)

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Allocation

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Sector breakdown

Financials 14.00%
Media 10.00%
Software 10.00%
Support Services 10.00%
Building & Construction 8.00%
Travel 6.00%
Pharmaceuticals 5.00%
Aerospace & Defence 5.00%
Industrials 4.00%
Household Goods 4.00%

Portfolio

60 – 80 holdings. Minimum holdings are 0.5% with no stock representing more than 5% of the fund. Top 10 usually 20 – 30%.

Key Investor Information - Income

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Key Investor Information - Accumulation

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