OBJECTIVES AND INVESTMENT POLICY Objective To grow capital over a five year period. Investment policy What the fund invests in 80% to 100% in company shares. Up to 20% in in bonds, cash and near cash, other transferable securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments, and derivatives. Use of derivatives The fund may use derivatives for efficient portfolio management purposes to: reduce risk. manage the fund efficiently. Where the fund invests United Kingdom, including companies in other countries that are headquartered or have a significant part of their activities in the United Kingdom. Industries the fund invests in Any Other limitations specific to this fund None Investment strategy The fund is actively managed. A research-driven, bottom-up stock selection process is used to identify unrecognised growth potential in companies that are often out-of-favour. The manager seeks companies that are in recovery, need re-financing or are suffering from investor indifference (‘special situations’). These companies often have the potential to deliver significant capital growth. Companies are assessed on the basis of absolute and relative valuation with consideration to potential upside. Benchmarks FTSE All-Share Index TR A widely-used indicator of the performance of the UK stockmarket, in which the fund invests. It acts as a ‘comparator benchmark’ against which the fund’s performance can be compared. Management of the fund is not restricted by this benchmark. IA UK All Companies NR A group of other asset managers’ funds that invest in similar asset types as this fund, collated by the Investment Association. It acts as a ’comparator benchmark’ against which the fund’s performance can be compared. Management of the fund is not restricted by this benchmark. Other information Dealing frequency: Normally Monday to Friday except UK public holidays and non-dealing days. Visit www.artemisfunds.com/non-dealing-days for more information. Instructions received before 12 noon UK time will be processed at 12 noon on the same day. Distribution policy: This is an accumulation class. Income received is reinvested in the value of the fund
Performance
Price and Net Asset Value breakdown
Midprice
829.71p
Change on Day
10.50p
Change on Day %
1.28%
52 week high
840.00p
52 week low
661.00p
Fund currency
GBP
Date updated
19 September 2024
Fund details
Fund Type
Unit Trust
Unit Type
Accumulation
Standard initial Charge
-
Annual Management Charge
1.5%
Dividend Frequency
Annually
Latest Distribution Info
11.8479p
02 January 2024
Fund manager information
Fund Manager Company
Artemis
Fund manager biographies
Name
Andy Gray
Since
01 January 2014
Bio
Andy works alongside Derek Stuart managing the Artemis UK Special Situations Fund. He also manages the Artemis VCT. After graduating from Loughborough with a degree in banking and finance, Andy trained as an accountant at Deloitte & Touche. In 1998 he became an assistant fund manager at Murray Johnstone. He then spent three years at Legg Mason as a manager of UK small-cap funds, before joining SWIP as an investment director. Andy moved to Artemis in 2006.
Name
Henry Flockhart
Since
01 August 2022
Bio
Henry is a fund manager on our UK equity team and manages the Aviva Investors UK Listed Equity Unconstrained and UK Equity Unconstrained strategies. Henry also has lead sector coverage responsibility for Industrials.
Prior to joining Aviva Investors, Henry was an investment director and fund manager in UK equities at Standard Life Aberdeen primarily focussing on the UK Equity Unconstrained strategy.
Henry holds a BSc (Hons) in Genetics (Biological Sciences) from the University of Edinburgh. Henry is a CFA® charterholder.