Artemis US Extended Alpha I GBP

  • 301.79p
    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.

  • -
    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).

  • 0.87%
    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.

  • 0.10%
    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 14 June 2021

Fund summary

Sector North America
Structure OEIC
Launched September, 2014
Size £515m
Yield 0.10%
Charging basis
Dividends paid Acc units only.

Charges

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 0.87%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.25%
  • 17/18 0.11%
  • 18/19 -0.10%
  • 19/20 0.31%
  • 20/21 -0.25%

Bestinvest MRI

  • 3 years -0.01%
  • 5 years 0.07%
  • Career 0.17%
  • 3 years 61.30%
  • 5 years 80.00%
  • Career 96.90%

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

Stephen Moore

Moore began his career at First State Fund Managers in 1997, covering North American consumer cyclical companies before becoming an analyst then progressing to portfolio manager in 2001. In 2002, he joined the US team at Threadneedle, initially managing the Allied Dunbar Insurance fund. He has since also taken on several institutional funds. He holds a BComm and a BA from the University of Queensland, Australia. In 2000 he received his Investment Management Certificate. Moore is an associate of the Securities Institute of Australia (SIA).

Track record

Stephen Moore has 12.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.17%. During the worst period of relative performance (from October 2009 - August 2010) there was a decline of 9% relative to the index. The worst absolute loss has been 18%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -18.00% (April 2010 - August 2010)
Relative -9.00% (October 2009 - August 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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

6.9923% Apple Inc
5.7122% Microsoft Corp
5.5174% Amazon.com Inc
3.7099% Alphabet Inc
3.329% Liberty Broadband Corp
2.6357% T-Mobile Us Inc
2.6176% Linde Plc
2.5984% Oracle Corp
2.5628% S&P Global Inc
2.3908% Facebook Inc
Source: Trustnet

Sector breakdown

Software 17.00%
Retail 8.00%
Media 8.00%
Healthcare & Medical Products 7.00%
Biotechnology/Medical 7.00%
Hardware 6.00%
Money Market 6.00%
Semi Conductors 5.00%
Capital Goods 4.00%
Financials 3.00%

Key Investor Information

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