Morningstar Fund Report  | 17/04/2025Print

Artemis Income Fund I Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Artemis Income Fund I Acc
Fund16.20.49.815.12.7
+/-Cat-1.63.83.07.01.8
+/-B’mrk--2.25.3-2.5
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
16/04/2025		 GBP 7.09
Day Change 0.24%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00B2PLJH12
Fund Size (Mil)
25/03/2025		 GBP 4922.74
Share Class Size (Mil)
15/04/2025		 GBP 1988.68
Max Initial Charge -
Ongoing Charge
07/02/2025		  0.80%
Morningstar Research
Analyst Report22/07/2024
Lena Tsymbaluk, Associate Director
Morningstar, Inc

Artemis Income has a well-executed process and capable management team, making it a solid offering for investors seeking core exposure to UK equities with an above-market dividend yield and growing income stream. The Morningstar Analyst Rating...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: Artemis Income Fund I Acc
The objective of the fund is to grow both income and capital over a five year period. The fund invests 80% to 100% in company shares and up to 20% in bonds, cash and near cash, other transferable securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments, and derivatives. The fund may use derivatives for efficient portfolio management purposes to reduce risk and manage the fund efficiently. The fund invests at least 80% in the United Kingdom and up to 20% in other countries.
Returns
Trailing Returns (GBP)16/04/2025
YTD1.23
3 Years Annualised8.14
5 Years Annualised13.35
10 Years Annualised6.41
12 Month Yield 3.45
Management
Manager Name
Start Date
Adrian Frost
01/01/2002
Nick Shenton
01/10/2012
Click here to see others
Inception Date
07/03/2008

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Artemis Income Fund I Acc31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock94.260.0094.26
Bond0.000.000.00
Property0.000.000.00
Cash1.000.130.87
Other5.110.254.87
Top 5 Regions%
United Kingdom94.91
Eurozone4.33
Japan0.76
United States0.00
Canada0.00
Top 5 Sectors%
Financial Services29.76
Industrials12.40
Communication Services11.57
Consumer Defensive10.64
Consumer Cyclical10.15
Top 5 HoldingsSector%
Pearson PLCCommunication ServicesCommunication Services4.58
3i Group Ord4.36
Next PLCConsumer CyclicalConsumer Cyclical4.26
Lloyds Banking Group PLCFinancial ServicesFinancial Services4.12
Aviva PLCFinancial ServicesFinancial Services4.10
Increase Decrease New since last portfolio
Artemis Income Fund I Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Artemis Income Fund I Acc
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.7923.03-6.7416.170.409.7815.122.71
+/- Category0.774.095.82-1.643.843.027.031.84
+/- Category Index-----2.165.29-2.45
% Rank in Category382613613621639
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.24   -1.15-1.22
1 Week7.71   2.813.14
1 Month-1.58   1.622.33
3 Months-0.09   0.90-0.55
6 Months3.39   6.071.97
YTD1.23   3.08-0.38
1 Year13.10   9.385.49
3 Years Annualised8.14   4.482.30
5 Years Annualised13.35   3.661.89
10 Years Annualised6.41   2.441.21
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.71---
20245.823.162.952.43
20233.16-1.892.935.37
20221.48-7.48-4.0911.50
20216.902.242.213.99
2020-24.9910.32-1.4114.31
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearAbove AverageAverage4 star
10-YearHighAverage5 star
Overall*HighAverage5 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.86 %
3-Yr Mean Return9.56 %
 
3-Yr Sharpe Ratio0.40
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta1.081.10
3-Yr Alpha0.941.21
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 15410-
Market Capitalisation% of Equity
Giant20.32
Large40.70
Medium33.71
Small4.51
Micro0.77
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.841.05
Price/Book1.781.11
Price/Sales1.001.11
Price/Cash Flow7.381.03
Dividend-Yield Factor4.080.89
 
Long-Term Projected Earnings Growth10.431.10
Historical Earnings Growth-1.920.28
Sales Growth9.141.59
Cash-Flow Growth5.3011.48
Book-Value Growth1.170.76
 
Category: UK Equity Income
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock94.260.0094.26
Bond0.000.000.00
Property0.000.000.00
Cash1.000.130.87
Other5.110.254.87
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom94.911.03
Eurozone4.331.29
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.765.56
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.320.56
Consumer CyclicalConsumer Cyclical10.151.06
Financial ServicesFinancial Services29.761.18
Real EstateReal Estate2.920.81
Consumer DefensiveConsumer Defensive10.640.80
HealthcareHealthcare8.871.03
UtilitiesUtilities1.720.35
Communication ServicesCommunication Services11.571.92
EnergyEnergy5.720.76
IndustrialsIndustrials12.400.95
TechnologyTechnology2.931.30
 
Category: UK Equity Income
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings45
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.28
NameSectorCountry% of Assets
Pearson PLC308United Kingdom4.58
3i Group OrdUnited Kingdom4.36
Next PLC102United Kingdom4.26
Lloyds Banking Group PLC103United Kingdom4.12
Aviva PLC103United Kingdom4.10
Imperial Brands PLC205United Kingdom4.10
Tesco PLC205United Kingdom4.08
NatWest Group PLC103United Kingdom4.04
RELX PLC310United Kingdom3.83
London Stock Exchange Group PLC103United Kingdom3.81
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyArtemis Fund Managers Limited
Phone+44 8000922051
Websitewww.artemisfunds.com
AddressArtemis Fund Managers Limited
 London   SW1A 1LD
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date07/03/2008
Fund Advisor(s)
Artemis Investment Management LLP
Fund ManagerAdrian Frost
Manager Start Date01/01/2002
Career Start Year1983
Education
University of Cambridge
 
Biography
Adrian manages the Artemis Income Fund, which he took over when he joined the firm in January 2002, and several institutional income mandates. After graduating from Jesus College, Cambridge, Adrian began his career at Deutsche Asset Management (Morgan Grenfell) in 1983. He was appointed a director there in 1990 and head of UK equities in 1996. Until July 2015, Adrian also managed the Artemis High Income Fund.
Fund ManagerNick Shenton
Manager Start Date01/10/2012
 
Biography
Nick manages income mandates alongside Adrian Frost. After studying economics with French at the University of Nottingham, he started his career at F&C Asset Management in 2003. He spent four years there as an analyst and assistant fund manager on the UK and pan-European equities desks. In 2007 Nick moved to Polar Capital as a fund manager on the UK long/short equity hedge fund. He joined Artemis in 2012.
Fund ManagerAndy Marsh
Manager Start Date01/02/2018
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.80%
Purchase Details
Minimum Investments
Initial250000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes