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Contact details

Cassini House, 57 St James's Street, London, SW1A 1LD
0800 092 2051 (Dealing)
020 7399 6497 (Fax Number)
0800 0922090 (IFA Support)
0800 092 2051 (Main Number)

Fund managers

* Adrian Frost09-Sep-2002 to Present
* Adrian Gosden» 01-Oct-2003 to Present
* Alex Ralph» 01-Feb-2014 to Present
George Luckraft» 26-May-1995 to 08-Sep-2002

Investment objectives

The fund aims to achieve an above average level of income together with the prospect of rising income and some capital growth over the longer term.

Key Information

Fund vs sector

  1y 3y
Position 41 / 71 1 / 60
Quartile 3 1

Fund ratings

SilverMstar OBSR
FE Crown Rating: 5 FE Crown Rating


  1y 3y
Volatility 2.41 4.37
Alpha 0.97 5.89
Beta 0.78 0.99
Sharpe 1.02 2.36
Info Ratio -0.22 2.03
R2 0.52 0.58
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Strategic Bond»
performance chart
INC +4.9+45.4+56.5+12.9+22.7-2.3+10.1
  STERLING STRATEGIC BOND   +6.1+23.5+37.4+3.4+12.6+4.0+7.0
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ARTEMIS HIGH INCOME I INC 83.30 (p) 85.11 (p) 19-Dec-2014 5.70 0.70% BUH5 B2PLJN7
pdf ARTEMIS HIGH INCOME I MONTHLY INC INC 83.02 (p) 84.82 (p) 19-Dec-2014 5.80 0.70% K7PQ BJT0KR0
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ARTEMIS HIGH INCOME R INC 79.38 (p) 84.51 (p) 19-Dec-2014 5.70 1.33% P171 0683809

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,043.8m / $1,633.7m (28-Nov-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch26-May-1995
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 1,000
Initial charge5.25%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryRoyal Bank of Scotland Plc
RegistrarBank of New York Europe Ltd
Dividend policyJan 08, Feb 08, Mar 08, Apr 08, May 08, Jun 08, Jul 08, Aug 08 (Final), Sep 08, Oct 08, Nov 08, Dec 08
Peer groups
Region Asset Class Investment Focus Sector
Global Fixed Interest n/a Sterling Strategic Bond
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
UK TREASURY 4.75% 2015 4.00 1 - *
CENTRICA 2.30 2 - -
STANDARD LIFE 1.90 3 - -
F&C FINANCE 1.70 4 - -
RSA INSURANCE 1.60 6 - -
PEARL GROUP 1.50 8 - -
INVESTEC BANK 9.625% 2022 1.40 9 - -
Regional weightings, 31-Oct-2014
UK58.501 58.50% UK
Netherlands6.552 6.55% Netherlands
USA4.283 4.28% USA
France4.244 4.24% France
Luxembourg4.225 4.22% Luxembourg
Germany3.266 3.26% Germany
Jersey2.887 2.88% Jersey
Ireland2.798 2.79% Ireland
Money Market2.479 2.47% Money Market
Mexico1.1510 1.15% Mexico
Bermuda1.0611 1.06% Bermuda
Cayman Islands0.9512 0.95% Cayman Islands
Denmark0.9413 0.94% Denmark
Bulgaria0.8414 0.84% Bulgaria
Italy0.8115 0.81% Italy
Hong Kong0.7916 0.79% Hong Kong
Belgium0.7817 0.78% Belgium
Spain0.6318 0.63% Spain
Canada0.4919 0.49% Canada
Norway0.4820 0.48% Norway
International0.4621 0.46% International
Portugal0.4322 0.43% Portugal
Channel Islands0.4223 0.42% Channel Islands
South Africa0.3124 0.31% South Africa
Israel0.2625 0.26% Israel
Sector weightings, 31-Oct-2014
Financials50.791 50.79% Financials
Consumer Services10.082 10.08% Consumer Services
Utilities9.883 9.88% Utilities
Telecommunications9.284 9.28% Telecommunications
Industrials4.695 4.69% Industrials
Health Care4.396 4.39% Health Care
Government Bonds4.297 4.29% Government Bonds
Cash2.508 2.50% Cash
Oil & Gas1.809 1.80% Oil & Gas
Consumer Goods1.8010 1.80% Consumer Goods
Basic Materials0.5011 0.50% Basic Materials

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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wwjd_andy Apr 30th, 2013 at 07:02 PM

This fund seems to have strayed particularly far from it's UK fixed interest mandate: no fixed interest top 10 holdings and -30% April 2008-9 and +45% the following 12 months.


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Asset allocation

UK Fixed Interest, 55.34%
55.3400% ofUK Fixed Interest
European Fixed Interest, 14.58%
14.5800% ofEuropean Fixed Interest
UK Equities, 13.01%
13.0100% ofUK Equities
US Fixed Interest, 9.21%
9.2100% ofUS Fixed Interest
European Equities, 2.59%
2.5900% ofEuropean Equities
Cash & Cash Equivalents, 2.47%
2.4700% ofCash & Cash Equivalents
Others, 1.62%
1.6200% ofOthers
US Equities, 1.18%
1.1800% ofUS Equities

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