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Artemis High Income Class I - Monthly Income (GBP)

Sell:80.77p Buy:80.77p Change: 0.01p (0.01%)
Prices as at 17 September 2021
Change: 0.01p (0.01%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 17 September 2021
Change: 0.01p (0.01%)
Prices as at 17 September 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

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Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

This fund invests flexibly across the fixed-interest markets, from government bonds to higher-risk high yield bonds. It also invests in some shares, which could boost long-term income and growth. This makes the fund a more adventurous option compared with some other funds that invest solely in bonds.

Artemis is home to a good team of bond investors. Alex Ralph is this fund's lead manager. We like her flexible investment approach and willingness to change how the fund's invested depending on her views of the wider economy and bond markets. We think this fund has the potential to deliver an attractive return and a high income to investors over the long term.

Our view on the sector

Funds in this sector do what they say on the tin - they aim to pay a high income to investors. There's more than one way to achieve this though. Each fund uses a different approach and invests in different areas. Some focus on bonds. They tend to pay a fixed rate of income, but the amount varies from bond to bond. Government bonds are perceived to be lower risk and pay a lower income to reflect this. Corporate bonds offer higher yields because of the extra risk taken when lending to companies. Bonds can be less volatile than company shares, but offer less potential to grow your income and initial investment. Other funds focus on dividend-paying shares and offer more potential for long-term growth. There are also funds with the flexibility to invest in all kinds of investments. In addition to shares and bonds, they might also invest in currencies, property or commodities.

Performance Analysis

Alex Ralph has a good long-term track record. She's done a lot better than the average Strategic Bond fund, and delivered a good level of income, since running this fund. Investments in high yield bonds and shares increases volatility though. It means the fund might not hold up quite as well when bond markets go through a tough patch. We think it'll perform well over the long term though. As always past performance isn't a guide to future returns and there are no guarantees of the future income paid.

Investment Philosophy

The manager's investment philosophy is simple. She invests in bonds that offer an attractive yield and keeps hold of them until she finds more attractive income opportunities elsewhere.

Process and Portfolio Construction

Alex Ralph looks for companies that make plenty of cash. This should leave them in a comfortable position to service their debts and pay bondholders. She tends to focus on high-yield bonds, but she's prepared to be flexible and invest in higher-quality bonds and government bonds when she feels the time is right.

Up to 20% of the fund can invest in the shares of UK and European companies. Ed Legget runs the UK portion, while Paul Casson focuses on European shares. This part of the fund could boost both growth and income.

question mark Manager Track Record Based on HL Quantitative Research

  • Artemis High Income R Inc GBP
  • IA £ Strategic Bond

Fund Track Record

17/09/16 to 17/09/17 17/09/17 to 17/09/18 17/09/18 to 17/09/19 17/09/19 to 17/09/20 17/09/20 to 17/09/21
Annual return 9.01% 1.86% 2.73% -0.43% 11.29%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Artemis was formed in 1997 and offers a range of funds invested in the UK, Europe and around the world. The Artemis philosophy is that a fund's primary aim is to beat the market and generally the fund managers are free to pursue their best ideas in order to achieve this.

Artemis is home to some of the market's leading fund managers who are required to invest their own money into their funds, and therefore success for them is success for their investors. We feel this is a great incentive for them to continue striving for good performance.

Information about the fund

Fund manager biography

manager photo
Manager Name: Alex Ralph
Manager start date: 1 February 2014
Manager located in: London

Alex runs the Artemis Strategic Bond Fund alongside James Foster and is the manager of the Artemis High Income Fund. She graduated in 2000 from the London School of Economics and joined Royal Sun Alliance, as a credit analyst. In 2002, Alex moved into managing retail bond funds with ISIS, initially specialising in the high-yield market but later adding duration and investment-grade positioning. Alex joined Artemis in April 2005 and is a CFA charterholder.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account