Artemis Income Accumulation Units 
Also available as income units
Overview
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.25% |
| Annual charge | 1.50% |
| Annual saving | 0.125% ² |
| Performance charges | No |
| Total Expense Ratio | 1.55% |
| Launch date | 06-06-2000 |
| Launch price | £1.00 |
| Sector | UK Equity Income |
| Fund size | £2,888 million |
| Number of holdings | 70 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Please read the Simplified Prospectus in addition to the information above.
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
In our view equity income funds offer investors access to some of the highest quality companies in the UK. They offer attractive yields, and as these companies are currently undervalued compared with the rest of the market, they also offer the potential for capital growth should their worth be reappraised as the economy recovers. On the other hand, if recovery falters, their defensive qualities should also make them less vulnerable. The Artemis Income Fund is one of our favourites, managed by Adrian Frost and Adrian Gosden, who encapsulate the essence of equity income investing in their approach. By seeking good quality UK companies which offer high dividends, they aim to achieve rising income and long-term capital growth. Diversification is achieved through companies that derive significant earnings overseas. Foreign companies currently account for around 13% of the fund; the managers have the ability to take this up to 20%.
We believe the Artemis Income Fund would make an excellent choice for investors seeking a core equity income holding. I am confident the long-term returns won't leave you disappointed.
Full research
About the Fund Manager
Adrian Frost
Located in: London
After Jesus College, Cambridge, Adrian joined Deutsche Asset Management (formerly Morgan Grenfell Asset Management) in 1983. He was appointed a director in 1990 and Head of UK Equities in 1996. He led 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 took over the management of the Artemis Income Fund in January 2002. He has also managed the Artemis High Income Fund since September 2002.
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Income details
| Historic yield | 4.20% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 31-01-2010.
Distribution dates
| Ex-dividend date | 01 May 2010 |
|---|---|
| Payment date ³ | 30 June 2010 |
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Top 10 holdings
| GlaxoSmithKline | 5.12% |
|---|---|
| Royal Dutch Shell B | 5.03% |
| HSBC Holdings PLC (UK Reg) | 4.98% |
| BP | 4.90% |
| Vodafone Group | 4.79% |
| AstraZeneca | 4.23% |
| Centrica | 3.80% |
| Unilever | 2.76% |
| Royal KPN N.V. | 2.54% |
| Merck & Co. | 2.53% |
Top 10 sectors
| Oil & Gas Producers | 12.68% |
|---|---|
| Pharmaceuticals & Biotechnology | 11.88% |
| Travel & Leisure | 7.33% |
| Banks | 6.97% |
| Gas, Water & Multiutilities | 6.46% |
| Tobacco | 5.75% |
| Fixed Line Telecommunications | 5.01% |
| Mobile Telecommunications | 4.79% |
| General Retailers | 4.57% |
| Aerospace & Defence | 4.43% |
Top 10 countries
| United Kingdom | 82.54% |
|---|---|
| United States | 5.21% |
| Netherlands | 3.49% |
| Cash and Equiv. | 2.27% |
| France | 1.76% |
| Germany | 1.59% |
| Switzerland | 1.48% |
| Luxembourg | 1.02% |
| Non-Classified | 0.63% |
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 09-03-2010. Data accurate as at 31/12/2009.
