Artemis Strategic Bond Monthly Accumulation Units
Also available as income units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.00% |
| Annual saving | 0.000% ² |
| Total Expense Ratio | 1.12% |
| Launch date | 01-06-2005 |
| Launch price | £0.50 |
| Sector | GBP Strategic Bond |
| Fund size | £272 million |
| Number of holdings | 86 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
The fund has held a sizeable position in financial bonds which as you can imagine have been particularly volatile. The fund held a bond from the bankrupt firm Lehman Brothers, which filed for chapter 11 protection. With this in mind, James Foster hopes to see some recovery once the company has had a chance to sort out its assets. He is maintaining the fund’s financial exposure and will look to take advantage of any further weakness.
Full research
About the Fund Manager
James Foster
Located in: London
James has 15 years experience of managing bond funds and was one of the first to establish a retail bond fund in the UK. He has managed all major bond classes, focussing more recently on discretionary bond portfolios. James joined Artemis in April 2005 from F&C Asset Management where he was Head of Credit, and ultimately responsible for £15 billion of assets. While in this position he managed a range of bond funds, including a large strategic bond fund.
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Income details
| Running yield | N/a |
|---|---|
| Income paid | Monthly |
| 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 | 01 January 2008 |
|---|---|
| Payment date ³ | 31 January 2008 |
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Top 10 holdings
| DEUTSCHLAND (REP OF) 5.25% 04/01/11 | 4.57% |
|---|---|
| ABBEY NATIONAL TREASURY SERVICES 7.125% 20/06/11 GBP | 1.89% |
| ARGON CAPTIAL PLC 8.162% PERP 05/10/12 GBP | 1.85% |
| HSBC HOLDINGS PLC 6.375% 18/10/22 'EMTN' GBP | 1.81% |
| HBOS 6.305% PERP 18/10/17 GBP | 1.79% |
| DNB NOR BANK ASA 7.25% EMTN VAR 23/06/20 GBP | 1.77% |
| TDC SENIOR FRNS | 1.73% |
| CREDIT SUISSE GROUP FINANCE (GUERNSEY) LIMITED 6.8750% () | 1.69% |
| UBS AG LONDON 6% EMTN 18/04/18 EUR | 1.63% |
| BARCLAYS BANK 8.25% PERP VAR 15/12/49 GBP | 1.62% |
Top 10 sectors
| Bonds | 93.17% |
|---|---|
| Non-Classified | 9.22% |
| Cash and Equiv. | -2.39% |
Top 10 countries
| United Kingdom | 29.63% |
|---|---|
| Netherlands | 12.49% |
| Non-Classified | 11.89% |
| United States | 11.15% |
| Germany | 7.23% |
| Ireland | 5.69% |
| Luxembourg | 5.35% |
| Norway | 5.02% |
| France | 3.92% |
| Denmark | 1.73% |
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.
