Artemis US Smaller Companies I GBP

  • 343.86p
    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?

  • 1.00% 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).

  • 0.89%
    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.

  • 0.00%
    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 11 June 2021

The Fund aims to achieve long-term capital growth by investing principally invest in the shares of smaller companies (companies that have a market value of less than US$10 billion) listed, quoted or traded in the United States of America. The Fund can also invest in the shares of smaller companies which have headquarters in the USA or carry out a significant part of their activities in the USA and are quoted on a regulated market outside the USA.

Fund summary

Sector North American Smaller Cos
Structure OEIC
Launched October, 2014
Size £1,127m
Yield 0.00%
Charging basis
Dividends paid Acc units only

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 0.89%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.07%
  • 17/18 0.52%
  • 18/19 -0.03%
  • 19/20 0.28%
  • 20/21 -0.17%

Bestinvest MRI

  • 3 years 0.02%
  • 5 years 0.13%
  • Career 0.13%
  • 3 years 65.50%
  • 5 years 90.80%
  • Career 96.30%

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

Cormac Weldon

Weldon began his career in finance with KPMG in Dublin in 1987 before moving to Provident Mutual in 1991 to take up the role of analyst on their North American equity desk. He moved to the British Gas Pension Fund in 1993 and was portfolio manager for North American equities. He joined Threadneedle Asset Management in 1997 as a US equities specialist. In mid-2002, he became head of the US equity team, which increased in size to eight investment professionals in July 2002. He graduated from Dublin City University with a BA in Accounting & Finance, is an Associate of the UKSIP and is CFA qualified.

Track record

Cormac Weldon has 18.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.13%. During the worst period of relative performance (from December 2007 - March 2008) there was a decline of 17% 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 96%.

Periods of worst performance

Absolute -36.00% (December 2001 - January 2003)
Relative -17.00% (December 2007 - March 2008)

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

5.1398% Pool Corp
4.2382% Yamana Gold Inc
3.5414% Booz Allen Hamilton Hldg Corp
3.1931% Fortune Brands Home & Security Inc
3.176% Bio Rad Laboratories Inc
2.9896% Lpl Financial Hldgs Inc
2.4909% Nextera Energy Partners Lp
2.4333% Clean Harbors Inc
2.2636% Wingstop Inc
2.1568% Servicemaster Global Hldgs Inc
Source: Trustnet

Sector breakdown

Software 12.00%
Support Services 11.00%
Healthcare & Medical Products 11.00%
Retailers - General 8.00%
Leisure 6.00%
Financials 5.00%
Mineral Extraction 5.00%
Property Shares 5.00%
Transport 4.00%
Food Producers 4.00%

Portfolio

55-65 stocks

Key Investor Information

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