Artemis High Income Fund Income Units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.25% |
| Annual saving | 0.125% ² |
| Total Expense Ratio | 1.34% |
| Launch date | 26-05-1995 |
| Launch price | £0.50 |
| Sector | GBP Strategic Bond |
| Fund size | £578 million |
| Number of holdings | 147 |
| Fund type | Unit Trust |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Higher risk high yielding shares and the broader based corporate bond market has been volatile in the fall out over the credit crisis. This has not helped the performance of this fund as it invests in this area which is currently being overlooked by investors. Adrian Frost feels that investors are overdoing the doom and gloom in the bond markets and this is creating some good opportunities in terms of attractive yields and growth prospects.
Full research
About the Fund Manager
Adrian Frost
Located in: London
After studying at Jesus College, Cambridge, Adrian joined Deutsche Asset Management in 1983. He was appointed a director in 1990 and Head of UK Equities in 1996. Here he controlled a team of 40 investment managers and was responsible for some £5bn of funds including the highly rated UK Equity Income Fund. Adrian joined Artemis in December 2001 as head of UK Equities and manager of the Artemis Income Fund. He has also managed the Artemis High Income Fund since September 2002.
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Income details
| Distribution yield | 10.30% |
|---|---|
| Underlying yield | 9.10% |
| Income paid | Quarterly |
| Type of payment | Interest |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 08 February 2008 |
|---|---|
| Payment date ³ | 07 April 2008 |
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Top 10 holdings
| FIRST HYDRO FINANCE PLC 9% (07/31/21) | 2.27% |
|---|---|
| SOCIETY OF LLOYDS( 7.421%-FRN SUB PERP GBP | 2.01% |
| ASSET REPACKAGING FRN 11/2014 EUR | 1.87% |
| RENTOKIL INITIAL 5.75% (2016-03-31) | 1.74% |
| Tullett Prebon Group Holdings Plc 8.25% Step-Up Nts 12/08/14 GBP(Var) Regs | 1.66% |
| EXPERIAN FINANCE 6.375% 16/07/09 GBP | 1.55% |
| ROYAL & SUN ALL VAR 05/49-17 | 1.44% |
| CABLE & WIRELESS INTERNATIONAL FINANCE BV 8.6250% (2019-03-25) | 1.41% |
| BRITISH AIRWAYS PLC 7.2500% (2016-08-23) | 1.37% |
| BOMBARDIER INC (?) FRN | 1.35% |
Top 10 sectors
| Bonds | 83.35% |
|---|---|
| Non-Classified | 5.81% |
| Cash and Equiv. | 4.34% |
| Financial Services | 1.73% |
| Equity Investment Instruments | 1.13% |
| Life Insurance | 1.02% |
| Industrial Transportation | 0.94% |
| Real Estate Investment & Services | 0.66% |
| Nonequity Investment Instruments | 0.58% |
| Support Services | 0.33% |
Top 10 countries
| United Kingdom | 57.31% |
|---|---|
| Non-Classified | 8.40% |
| Netherlands | 7.15% |
| United States | 5.40% |
| Luxembourg | 4.62% |
| Cash and Equiv. | 4.34% |
| Ireland | 2.55% |
| Germany | 1.80% |
| Canada | 1.35% |
| Denmark | 1.15% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-11-2008. Data accurate as at 31/10/2008.
