Fact sheet: FL Artemis UK Special Sit AP

Fund information
Fund name
FL Artemis UK Special Situations AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Derek Stuartsince 09/03/2000
  • Andy Graysince 01/01/2014
Underlying fund
Artemis UK Special Situations
Fund objective
Artemis state that the objective of the fund is to achieve long-term capital growth by exploiting special situations. The fund will principally invest in the shares of companies which have headquarters in the UK, or carry out a significant part of their activities in the UK and are quoted on a regulated stock market outside the UK. The fund may also invest in the shares of companies listed, quoted and/or traded in the UK but domiciled elsewhere. The fund has discretion in its choice of investments and is not restricted by the size of the company or the industry it trades in. It may also invest in derivatives to meet its investment objective, to protect the value of the fund, reduce costs and/or generate additional income.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3.4%
1 Year rank in sector
581/843
Sector
PN UK All Companies
Yield
-
Fund size
£33m (£20m 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.
76
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn41.9%
Countrywide Equity Pn21.2%
OMW Schroder Recovery20.7%
Royal London Schroders Recovery Pn20.5%
Fidelity UBS UK Select Pn20%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK93.1%
    Money Market4.3%
    USA1.9%
    Ireland0.5%
    Not Specified0.2%
  • Software11.8%
    Media9.6%
    Travel8.5%
    Oil & Gas Exploration & Production4.7%
    Pharmaceuticals4.4%
  • UK Equities92.9%
    Money Market4.3%
    US Equities1.9%
    Irish Equities0.5%
    International Equities0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%-3.1%3.8%3.4%13.9%71.6%
Sector-1.2%-0.3%6.2%5.1%13.2%59.3%
Rank within sector733 / 865733 / 862622 / 861581 / 843329 / 805181 / 756
Quartile4th4th3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund3.1%6.8%0.7%30.1%20.1%
Sector5.6%4.4%0.6%24.2%15.4%
Rank within sector580 / 843277 / 831372 / 806162 / 785135 / 758
Quartile3rd2nd2nd1st1st
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.
1.45
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.
0.9
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.
0.21
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%.
9.62
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.
4.1
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.
0.24
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.
0.83
Price movement
52 week high451.6
52 week low366.6
Current bid price-
Current offer price-
Current mid price424.8
Region
1UK93.07%
2Money Market4.32%
3USA1.91%
4Ireland0.47%
5Not Specified0.24%
Industry sector
1Software11.85%
2Media9.64%
3Travel8.52%
4Oil & Gas Exploration & Production4.74%
5Pharmaceuticals4.42%
6Chemicals4.41%
7Money Market4.32%
8Insurance4.21%
9Hardware4.11%
Asset type
1UK Equities92.86%
2Money Market4.32%
3US Equities1.91%
4Irish Equities0.47%
5International Equities0.24%
6Others0.21%
Individual holdings
1MICRO FOCUS INTERNATIONAL4.94%
2BP4.74%
3RSA INSURANCE GROUP PLC4.21%
4INFORMA PLC4.13%
5CENTRICA PLC4.06%
6BT GROUP3.55%
7TESCO3.49%
8GLAXOSMITHKLINE3.46%
9COMPUTACENTER3.31%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Artemis state that the objective of the fund is to achieve long-term capital growth by exploiting special situations. The fund will principally invest in the shares of companies which have headquarters in the UK, or carry out a significant part of their activities in the UK and are quoted on a regulated stock market outside the UK. The fund may also invest in the shares of companies listed, quoted and/or traded in the UK but domiciled elsewhere. The fund has discretion in its choice of investments and is not restricted by the size of the company or the industry it trades in. It may also invest in derivatives to meet its investment objective, to protect the value of the fund, reduce costs and/or generate additional income.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Derek Stuart09/03/2000Having received his fund management training at Ivory & Sime, Derek was promoted in 1992 to manage UK equity income portfolios, an area responsible for over 1bn of investments. After managing income portfolios of principally blue chip stocks, he then managed UK small and mid-cap portfolios. Derek Stuart has been the fund manager of the Artemis UK Special Situations Fund since its launch in March 2000 and managed the Artemis Income Fund from its launch in June 2000 until January 2002. Derek is a co-founder of Artemis.
Andy Gray01/01/2014After graduating from Loughborough with a degree in banking and finance, Andy joined Deloitte & Touche as a trainee chartered accountant before moving into corporate finance as a support analyst. His focus moved to fund management in 1998 when he joined Murray Johnstone as an assistant fund manager. Three years followed at Legg Mason as a manager of UK small-cap funds. He then joined SWIP, becoming an investment director with responsibility for a number of large-cap funds and institutional mandates. Andy joined Artemis in 2006. He manages the Artemis VCT plc and works alongside Derek Stuart in managing the Artemis UK Special Situations Fund. Additionally, he assists John Dodd and Mark Niznik with stock selection in the small-cap and AIM sectors.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Artemis UK Special Situations AP
Initial charge-
Annual charge0.66%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price424.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEZ97
FL Artemis UK Special Situations AP Inet
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price401.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEN71
Data provided by

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