Fact sheet: Artemis High Income

Fund information
Fund name
Artemis High Income I Inc
Fund manager company
Artemis Fund Managers Limited
Fund type
Unit Trust
Fund managers
  • Alex Ralphsince 01/02/2014
Accolades
Fund objective
The fund aims to achieve an above average level of income together with the prospect of rising income and some capital growth over the longer term.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
11.5%
1 Year rank in sector
6/81
Sector
UT Sterling Strategic Bond
Yield
5.5%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.69%
Fund size
£1,155m (£1,126m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
27
Bid price
84.56
Offer price
86.33
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc15.2%
Fidelity UK Inv Grd Lg Cr13.5%
AXA Framlington Mgd Inc12.6%
Insight Infln Link Corp Bd12.3%
Fidelity I Stg Cr + Bd11.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK45.6%
    Luxembourg8.1%
    Money Market6.5%
    France6.1%
    Netherlands5.6%
  • Banks16.5%
    Life Insurance9%
    Financials8.3%
    Telecommunications8.1%
    Insurance7.2%
  • Global Investment Grade Fixed Interest22.8%
    UK Fixed Interest22.6%
    UK Equities13.5%
    Luxembourg Fixed Interest8.1%
    Money Market6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%2.6%3.9%11.5%16%54.8%
Sector0.2%1.9%0%7.2%13.5%29.2%
Rank within sector14 / 8516 / 851 / 846 / 8124 / 741 / 62
Quartile1st1st1st1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund2.4%7.8%2.2%5.4%13.8%
Sector1.4%7.3%-0.3%6.8%2.6%
Rank within sector5 / 8535 / 798 / 7542 / 731 / 65
Quartile1st2nd1st3rd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.14
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.15
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.32
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.79
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.76
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.26
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.68
Price movement
52 week high84.82
52 week low79.03
Current bid price84.56
Current offer price86.33
Current mid price-
Region
1UK45.56%
2Luxembourg8.15%
3Money Market6.51%
4France6.06%
5Netherlands5.61%
6USA5.17%
7Ireland4.26%
8Jersey2.66%
9Germany1.84%
Industry sector
1Banks16.47%
2Life Insurance9.03%
3Financials8.29%
4Telecommunications8.07%
5Insurance7.18%
6Money Market6.51%
7Utilities5.35%
8Travel5.34%
9Government Bonds4.19%
Asset type
1Global Investment Grade Fixed Interest22.78%
2UK Fixed Interest22.61%
3UK Equities13.51%
4Luxembourg Fixed Interest8.15%
5Money Market6.51%
6French Fixed Interest5.44%
7UK Gilts3.93%
8US Fixed Interest3.68%
9Dutch Fixed Interest3.16%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.013.93%
2LEGAL & GENERAL GROUP1.74%
3CENTRICA PLC1.64%
4IMPERIAL BRANDS PLC1.62%
5PGH CAPITAL PLC 6.625% GTD SUB NTS 18/12/25 GBP1000001.52%
6RBS CAPITAL TRUST II 6.425% BDS PERP USD10001.41%
7NORDEA BANK AB1.3%
8RWE AG 7% NTS 20/03/19 GBP1000001.3%
9ABERDEEN ASSET MANAGEMENT PLC 7% PERP CUM CAP NTS USD2000001.24%
Management
Fund manager group
Artemis
Fund manager company
Artemis Fund Managers Limited
Fund type
Unit Trust
Fund objective
The fund aims to achieve an above average level of income together with the prospect of rising income and some capital growth over the longer term.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Alex Ralph01/02/2014Alex graduated in 2000 from the London School of Economics. She then joined Royal Sun Alliance, training initially as a credit analyst. In 2002, Alex moved into retail bond fund management with ISIS, specialising in high yield bonds. Latterly, after the merger with F&C, Alex widened her experience to include duration and investment grade positioning. Alex is a CFA charterholder. She joined Artemis in April 2005 to manage the Strategic Bond fund alongside James Foster. Since March 2014 Alex has also managed the Artemis High Income Fund alongside Adrian Frost and Adrian Gosden.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Artemis High Income I Inc
Initial charge1%
Annual charge0.63%
Min single investment£250,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price84.56
Offer price86.33
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBUH5
Artemis High Income I Monthly Inc
Initial charge1%
Annual charge0.63%
Min single investment£250,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price84.17
Offer price85.94
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK7PQ
Artemis High Income R Inc
Initial charge5.25%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.34%
Bid price79.43
Offer price84.51
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeP171
Artemis High Income R Monthly Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK7PR
Data provided by

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