Morningstar Fund Report  | 14/04/2025Print

Artemis Income Fund E Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Artemis Income Fund E Inc
Fund16.30.69.915.32.8
+/-Cat-1.54.03.27.21.9
+/-B’mrk--2.35.5-2.4
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
11/04/2025		 GBP 1.14
Day Change -0.43%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00BKS3HZ48
Fund Size (Mil)
25/03/2025		 GBP 4922.74
Share Class Size (Mil)
11/04/2025		 GBP 593.59
Max Initial Charge -
Ongoing Charge
07/02/2025		  0.65%
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 E Inc
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)11/04/2025
YTD-1.99
3 Years Annualised6.82
5 Years Annualised12.01
10 Years Annualised-
12 Month Yield 3.54
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Adrian Frost
01/01/2002
Nick Shenton
01/10/2012
Click here to see others
Inception Date
31/01/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Artemis Income Fund E Inc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock94.190.0094.19
Bond0.000.000.00
Property0.000.000.00
Cash0.860.130.73
Other5.340.265.08
Top 5 Regions%
United Kingdom95.01
Eurozone4.17
Japan0.81
United States0.00
Canada0.00
Top 5 Sectors%
Financial Services29.16
Industrials12.45
Communication Services11.78
Consumer Defensive10.90
Consumer Cyclical10.10
Top 5 HoldingsSector%
Pearson PLCCommunication ServicesCommunication Services4.85
3i Group Ord4.58
Tesco PLCConsumer DefensiveConsumer Defensive4.48
NatWest Group PLCFinancial ServicesFinancial Services3.97
Imperial Brands PLCConsumer DefensiveConsumer Defensive3.91
Increase Decrease New since last portfolio
Artemis Income Fund E Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Artemis Income Fund E Inc
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 202120222023202431/03
Price Return16.340.569.9515.282.75
+/- Category-1.474.003.197.201.88
+/- Category Index--2.325.46-2.41
% Rank in Category593521537
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.43   0.24-1.01
1 Week-0.47   0.550.38
1 Month-4.74   1.431.06
3 Months-1.80   2.030.53
6 Months1.20   6.523.43
YTD-1.99   2.890.02
1 Year7.86   7.373.67
3 Years Annualised6.82   4.502.27
5 Years Annualised12.01   3.432.38
10 Years Annualised-   --
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.75---
20245.853.212.982.46
20233.20-1.852.975.42
20221.51-7.45-4.0511.55
20216.932.292.244.03
2020-10.36-1.3714.36
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearAbove AverageAverage5 star
10-Year--Not Rated
OverallAbove AverageAverage5 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.87 %
3-Yr Mean Return9.73 %
 
3-Yr Sharpe Ratio0.42
 
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 Alpha1.091.37
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 15677-
Market Capitalisation% of Equity
Giant20.29
Large35.66
Medium38.31
Small4.98
Micro0.76
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.381.07
Price/Book1.841.14
Price/Sales0.801.03
Price/Cash Flow7.871.07
Dividend-Yield Factor3.810.86
 
Long-Term Projected Earnings Growth9.621.07
Historical Earnings Growth-3.830.80
Sales Growth9.391.85
Cash-Flow Growth5.416.74
Book-Value Growth1.040.55
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock94.190.0094.19
Bond0.000.000.00
Property0.000.000.00
Cash0.860.130.73
Other5.340.265.08
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom95.011.03
Eurozone4.171.21
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.815.07
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.370.56
Consumer CyclicalConsumer Cyclical10.101.03
Financial ServicesFinancial Services29.161.16
Real EstateReal Estate2.790.80
Consumer DefensiveConsumer Defensive10.900.82
HealthcareHealthcare9.261.09
UtilitiesUtilities1.580.34
Communication ServicesCommunication Services11.781.92
EnergyEnergy5.450.75
IndustrialsIndustrials12.450.93
TechnologyTechnology3.161.34
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings45
Total Number of Bond Holdings0
Assets in Top 10 Holdings40.91
NameSectorCountry% of Assets
Pearson PLC308United Kingdom4.85
3i Group OrdUnited Kingdom4.58
Tesco PLC205United Kingdom4.48
NatWest Group PLC103United Kingdom3.97
Imperial Brands PLC205United Kingdom3.91
Barclays PLC103United Kingdom3.88
Aviva PLC103United Kingdom3.86
Lloyds Banking Group PLC103United Kingdom3.81
Informa PLC308United Kingdom3.78
London Stock Exchange Group PLC103United Kingdom3.78
 
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 Date31/01/2020
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 Charge0.60%
Ongoing Charge0.65%
Purchase Details
Minimum Investments
Initial200000000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes