Artemis Income Class I - Income (GBP)

The chart shows Adrian Frost's career track record since 1988. He's performed much better than the broad UK stock market over the long term. The fund usually holds up fairly well when the market falls, though it doesn't quite keep up when the market's rising quickly. Our analysis shows the manager, along with his more recent co-managers, have been particularly good at investing in companies in some of the UK's strongest-performing sectors. They've also consistently grown investors' income over the years. Past performance is not a guide to the future.

The managers believe the best long-term investments are in companies that can keep growing dividends over time. They'd rather invest in a business with a moderate but growing dividend, than one paying high dividends but no growth potential. They think the businesses most likely to do this are ones earning lots of cash, so that's the main thing they look for.

Frost and the team mainly invest in large and medium-sized UK companies. They look for those with healthy cash flows and above-average dividends they think will grow faster than average too.

The managers invest in around 50 to 60 companies. They feel this gives them just the right amount of diversification, without being too diversified. They're careful not to invest too much in any single company or sector. They don't want any that do poorly to have a big impact on the fund's performance.

Although roughly 80% of the portfolio is invested in UK companies, there are some from other developed countries. This gives the fund a dose of international diversification.