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Artemis High Income

Ranked 7 out of 58 in - Sterling Strategic Bond over 12 months
All calculations are in GBP

Managed by

Adrian Frost

Adrian Frost entered the world of money management in 1979 as a stockbroker. He joined Deutsche Asset Management in 1983 and became a director in 1990. His appointment as head of UK equities in 1996 saw him take charge of a 40 strong team of investment managers running approximately £5 billion of funds. Frost made the switch to Artemis in 2001 where he works in tandem with co-manager Adrian Gosden. Together the two Adrians look after the Artemis Income fund with Frost acting as lead manager. The duo employ a blended / multi cap stock selection style and also manage the Artemis High Income fund. Born in Newton Abbot, Devon in October 1957, Frost holds a degree in Geography from Jesus College, Cambridge and is a keen cook and father to six children.

Adrian Gosden

Adrian Gosden joined Artemis from SG Asset Management in October 2003 and now assists lead manager Adrian Frost in the management of the Artemis Income and Artemis High Income funds. Prior to joining Artemis, Gosden managed a number of accounts for institutional clients and co-managed the retail SocGen UK Income fund with Nicola Horlick. Gosden has ten years' experience as a fund manager, five of which have been in UK equities. He joined SG Asset Management after spells with Andersen Consulting and Robert Fleming. Born in Horsham, Sussex, in 1970, he gained a first class degree in Chemistry from St Hugh's College, Oxford.

Alex Ralph

Born in Poole, Alex Ralph graduated from the LSE in 2000 with a BSc in Economics, before joining Royal & Sun Alliance where she trained as a credit analyst. In 2002 Alex took on her first fund management responsibilities working with ISIS prior to their merger with F&C, where she remained until 2005. Now with Artemis, Alex is a CFA charterholder and is currently responsible for the Artemis Strategic Bond fund. She bases investment decisions on the philosophy adopted by Artemis since the launch of the fund, focusing on the corporate cycle and companies considered to be sound but slightly over geared. Away from the office Alex includes diving and running amongst her pastimes as well as an interest in music.

Objective

The objective of the Fund is to achieve a higher than average initial yield, combined with the prospect of rising income and some capital growth over the long-term. The emphasis of the Fund will be investment in UK fixed-interest investments and preference shares, however, the Manager has the flexibility to invest in all economic sectors worldwide and in equities.

Performance

Sterling Strategic Bond over : 30/09/2013 - 30/09/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 5.8% 3.0% 3.2% -0.4%
2013 14.5% 6.0% -0.1% 4.2% 3.8%
2012 24.0% 7.6% 0.3% 7.8% 6.5%
2011 -0.6% 2.7% 1.4% -6.7% 2.3%
2010 11.9% 5.8% -2.8% 8.4% 0.4%
2009 34.1% -7.6% 17.6% 17.5% 5.1%
2008 -25.8% -6.7% 1.8% -8.3% -14.9%
2007 -0.2% 1.5% -0.4% -0.7% -0.6%
2006 11.6% 4.8% -1.3% 4.5% 3.3%
2005 14.8% 3.1% 3.8% 4.1% 3.0%
2004 14.8% 2.3% 1.4% 4.2% 6.3%
2003 18.1% -1.2% 11.2% 3.4% 4.0%
2002 0.8% 2.6% 0.5% -2.2% 0.0%
2001 13.7% 4.5% 4.3% -1.2% 5.7%
2000 12.3% -1.8% 5.6% 4.3% 3.7%
1999 22.6% 7.0% 5.8% 6.6% 1.6%
1998 8.6% 6.2% 7.2% -8.3% 4.0%
1997 18.5% 2.9% 1.0% 6.9% 6.7%
1996 15.7% 4.9% 4.5% 1.7% 3.8%
1995 2.9% 1.1% 1.8%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2014

Top 10 Holdings

Stock Size
United Kingdom 4.750% 07-Sep-2015 4.13
Centrica PLC ORD 2.55
Legal & General Group PLC ORD 1.68
Scottish Widows PLC PERP 1.66
F&C Finance 9.000% 20-Dec-2016 1.65
RSA Insurance Group PLC PERP 1.58
Perl Grp No 1 PERP 1.52
Standard Life PLC ORD 1.47
Investec Bank plc 9.625% 17-Feb-2022 1.41
Converum Hldg NA 7.125% 15-Oct-2023 1.33
31/08/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date26/05/1995
  • Share Class size1,009Mn
  • Base currencyGBP
  • ISIN GB0006838097

Purchase Info

  • Min. initial investment100,000
  • Min. additional investment5,000

Charges

  • Annual management1.3%
  • Initial investment5.25

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Diageo is still worth toasting despite Adrian Frost's decision to dump the drinks giant recently.   

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Adrian Frost, manager of the £825 million Artemis High Income fund{1}, has started to find the fund’s high-yield bond area of the market attractive for the first time in a while.

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...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).