Artemis Strategic Assets Retail Accumulation 
Charges and savings
| Fund manager's initial charge | 5.25% |
|---|---|
| HL saving on initial charge | 5.25% |
| HL Dealing charge | Free |
| Net initial charge | 0.00% |
| Fund manager's annual charge | 1.50% |
| HL Annual saving (loyalty bonus) | 0.10% 2 |
| Net Annual charge | 1.40% |
| Fund manager's other expenses | 0.09% |
| Performance fee | No |
| HL Platform charge | Free |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above. Further details available in the HL guide to fund prices, savings and yields.
Other information
| Launch date | 05-05-2009 |
|---|---|
| Launch price | £0.50 |
| Sector | Flexible Investment |
| Fund size | £869.00 million |
| Number of holdings | 186 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
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Before you invest please read the documents below.
HL research - our view on this fund
William Littlewood remains cautious of problems in Europe and has used rising stock markets to reduce the fund's equity exposure, particularly in more economically-sensitive areas such as UK banks. He believes continued quantitative easing in the developed world will eventually lead to inflation. This scenario would be negative for government bonds and positive for gold and precious metals. As a result, the fund maintains short positions in UK, US, French and Japanese government bonds, while commodity exposure has been increased to 10%.
About the Fund Manager
William Littlewood
Located in: London
William Littlewood graduated from Bristol University with a degree in Economics. He worked at Jupiter Asset Management from 1989 to 1999, where he managed £1.6bn in top-performing* assets. He then joined Artemis in December 2005 to launch the Absolute Return Hedge Fund. He then launched and still manages the Artemis Strategic Assets Fund. In doing so, William adds the resources and expertise of Artemis' 24 other investment colleagues to his own extensive experience of multi-asset investing.
Income details
| Historic yield | 0.70% |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. Information as at 31-03-2013.
Top 10 holdings
| ETFS Gold Bullion Securities (LSE) | 4.31% |
|---|---|
| BP | 3.76% |
| Berkshire Hathaway B | 3.31% |
| ETFS ETFS Physical Platinum [LSE] | 3.28% |
| Microsoft Corp. | 2.87% |
| IG Group Holdings | 2.46% |
| Royal Dutch Shell B | 2.26% |
| N. Brown Group | 2.24% |
| Barrick Gold Corp. | 2.23% |
| Novartis AG | 2.00% |
Top 10 sectors
| Cash and Equiv. | 122.57% |
|---|---|
| Oil & Gas Producers | 11.93% |
| Commodities | 10.22% |
| Financial Services | 6.47% |
| Mining | 5.19% |
| Pharmaceuticals & Biotechnology | 4.28% |
| Banks | 4.17% |
| Nonlife Insurance | 3.97% |
| Software & Computer Services | 2.68% |
| Technology Hardware & Equipment | 1.93% |
Top 10 countries
| Cash and Equiv. | 122.57% |
|---|---|
| United Kingdom | 26.07% |
| United States | 16.19% |
| Commodities | 5.90% |
| Canada | 4.47% |
| Managed Funds | 4.31% |
| Switzerland | 2.00% |
| Japan | 1.76% |
| Netherlands | 1.04% |
| Ireland | 0.47% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving (loyalty bonus) only available on holdings worth over £1,000. Loyalty bonuses in the Vantage Fund & Share Account are paid net of basic rate tax. Loyalty bonuses in the Vantage ISA and SIPP are tax-free and paid gross.
4 If you elect to receive the income from a Vantage ISA or Vantage Fund & 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.
As well as investing in shares and other assets, absolute return funds can also use derivatives to take short positions in companies. Therefore the returns depend primarily on the manager's stock picking skills, not solely on the price of their holdings rising, and the standard analysis of the underlying investments is not applicable.
Prices as at 24-05-2013. Data as at 31/03/2013.
