Prudential Artemis High Income Ser A

Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

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Top 10 Holdings

Stock % Weight
UNITED STATES OF AMERICA BOND FIXED 0.75% 15/FEB/2045 USD 100 6.88
TSY INFL IX N/B 0.25% 07/15/2029 6.40
3i Group Plc 3i Group Plc Ord GBP0.738636 2.19
US TREASURY N/B 3.875% 08/15/2033 1.99
TOTAL SE 1.76
ARGENTUM (SWISS RE LTD) 1.14
DEUTSCHE TELEKOM AG 1.12
KANE BIDCO LTD 6.5% 02/15/2027 1.06
BCP MODULAR SERVICES 6.125% 11/30/2028 1.01
SEASPAN CORP 5.5% 08/01/2029 1.00
Total 24.56

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Artemis High Income Fund - the underlying fund.

Underlying Fund Objective: The fund aims to achieve a higher than average initial yield, combined with the prospect of rising income and some capital growth over the long-term. The emphasis of the fund will be investment in UK fixed-interest investments and preference shares, however, the Manager has the flexibility to invest in all economic sectors worldwide and in equities.

Fund Manager

David Ennett manager of the underlying fund for 2 years and 6 months

Photo of David Ennett TBC

Ed Legget manager of the underlying fund for 2 years and 6 months

Photo of Ed Legget Ed joined Artemis in December 2015 to manage the Artemis UK Select Fund. He graduated in manufacturing engineering from Cambridge and began his career in asset management at Standard Life Investments (SLI) in 2002. There he managed several UK equity funds, including the SLI UK Equity Unconstrained Fund. Ed is a CFA charterholder.

Jack Holmes manager of the underlying fund for 2 years and 6 months

Photo of Jack Holmes TBC

Fund Overview

Bid (04/03/2022) 229.00
Offer (04/03/2022) 241.00
Fund size (31/07/2022) £0.02m
Underlying Fund size £763.58m
Number of holdings 166
Launch date 20/10/2008

Fund Charges

Annual Management Charge (AMC) 1.55%
Further Costs 0.00%
Yearly Total 1.55%

Asset Allocation

pie chart
  International Bonds 65.26%
  UK Corporate Bonds 15.75%
  UK Equities 9.59%
  International Equities 4.75%
  UK Gilts 0.65%
  Investment Trusts 0.45%
  Cash and Equivalents 0.42%
  Other Assets 3.13%
Portfolio data accurate as at: 30/11/23

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 65.26%
  UK Corporate Bonds 15.75%
  UK Equities 9.59%
  International Equities 4.75%
  UK Gilts 0.65%
  Investment Trusts 0.45%
  Cash and Equivalents 0.42%
  Other Assets 3.13%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 81.66% - - -
 
Financials 5.97% - - -
 
Financial Services - 3.41% - -
 
Investment Banking & Brokerage Services - - 2.97% -
 
Asset Managers & Custodians - - - 2.97%
 
Equity Investment Instruments - - 0.45% -
 
Equity Investment Instruments - - - 0.45%
 
Banks - 1.64% - -
 
Banks - - 1.64% -
 
Banks - - - 1.64%
 
Insurance - 0.92% - -
 
Life Insurance - - 0.92% -
 
Life Insurance - - - 0.92%
 
Non-Classified 3.13% - - -
 
Consumer Discretionary 2.59% - - -
 
Automobiles & Parts - 0.88% - -
 
Automobiles & Parts - - 0.88% -
 
Automobiles - - - 0.88%
 
Consumer Products & Services - 0.85% - -
 
Household Goods & Home Construction - - 0.85% -
 
Home Construction - - - 0.85%
 
Retail - 0.48% - -
 
Retailers - - 0.48% -
 
Home Improvement Retailers - - - 0.48%
 
Travel & Leisure - 0.37% - -
 
Travel & Leisure - - 0.37% -
 
Casinos & Gambling - - - 0.37%
 
Energy 1.76% - - -
 
Energy - 1.76% - -
 
Non-Renewable Energy - - 1.76% -
 
Integrated Oil & Gas - - - 1.76%
 
Consumer Staples 1.16% - - -
 
Personal Care, Drug & Grocery Stores - 0.75% - -
 
Personal Care, Drug & Grocery Stores - - 0.75% -
 
Food Retailers & Wholesalers - - - 0.75%
 
Food, Beverage & Tobacco - 0.41% - -
 
Tobacco - - 0.41% -
 
Tobacco - - - 0.41%
 
Telecommunications 1.12% - - -
 
Telecommunications - 1.12% - -
 
Telecommunications Service Providers - - 1.12% -
 
Telecommunications Services - - - 1.12%
 
Industrials 0.95% - - -
 
Industrial Goods & Services - 0.95% - -
 
Aerospace & Defence - - 0.95% -
 
Aerospace - - - 0.95%
 
Basic Materials 0.87% - - -
 
Chemicals - 0.62% - -
 
Chemicals - - 0.62% -
 
Chemicals: Diversified - - - 0.62%
 
Basic Resources - 0.25% - -
 
Industrial Metals & Mining - - 0.25% -
 
General Mining - - - 0.25%
 
Cash and Equivalents 0.42% - - -
 
Health Care 0.37% - - -
 
Health Care - 0.37% - -
 
Pharmaceuticals & Biotechnology - - 0.37% -
 
Pharmaceuticals - - - 0.37%

Regional Allocation

pie chart
  North America 40.41%
  UK 25.99%
  Developed Europe - Excl UK 19.15%
  Non-Classified 11.48%
  Australia & New Zealand 1.76%
  Middle East & Africa 0.79%
  Cash and Equivalents 0.42%

Fixed Interest Currencies

pie chart
  US Dollar 42.66%
  Pound Sterling 25.32%
  Non-Fixed Interest Assets 17.92%
  Euro 12.29%
  Canadian Dollar 1.00%
  Cash 0.42%
  New Zealand Dollar 0.39%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 40.41% -
 
United States - 38.90%
 
Canada - 1.51%
 
UK 25.99% -
 
United Kingdom - 25.99%
 
Developed Europe - Excl UK 19.15% -
 
Germany - 6.40%
 
France - 4.27%
 
Sweden - 1.79%
 
Netherlands - 1.71%
 
Luxembourg - 1.49%
 
Italy - 1.15%
 
Austria - 1.11%
 
Denmark - 0.95%
 
Spain - 0.28%
 
Non-Classified 11.48% -
 
Australia & New Zealand 1.76% -
 
Australia - 1.37%
 
New Zealand - 0.39%
 
Middle East & Africa 0.79% -
 
Israel - 0.79%
 
Cash and Equivalents 0.42% -

Breakdown By Market Cap (%)

Mega
 
 
9.18%
Large
 
 
1.69%
Medium
 
 
1.71%
Micro
 
 
0.45%
Non-Classified
 
 
4.89%
Bonds
 
 
81.66%
Cash
 
 
0.42%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
36.39%
5Yr - 10Yr Maturity
 
 
29.52%
10Yr - 15Yr Maturity
 
 
0.80%
> 15Yr Maturity
 
 
14.96%
Cash And Equivalents
 
 
0.42%
Unknown Maturity
 
 
3.13%
Other Asset Types
 
 
14.78%

Fixed Interest Quality Profile

AAA
 
 
16.66%
AA
 
 
2.22%
A
 
 
4.97%
BBB
 
 
7.24%
Sub-Investment Grade
 
 
23.32%
Unknown Quality
 
 
27.26%
Cash and Equivalents
 
 
0.42%
Other Asset Types
 
 
17.92%

Top 10 Holdings

Stock % Weight Sector Country
1 UNITED STATES OF AMERICA BOND FIXED 0.75% 15/FEB/2045 USD 100 6.88% Bonds United States
2 TSY INFL IX N/B 0.25% 07/15/2029 6.40% Bonds United States
3 3i Group Plc 3i Group Plc Ord GBP0.738636 2.19% Investment Banking & Brokerage Services United Kingdom
4 US TREASURY N/B 3.875% 08/15/2033 1.99% Bonds United States
5 TOTAL SE 1.76% Non-Renewable Energy France
6 ARGENTUM (SWISS RE LTD) 1.14% Bonds Non-Classified
7 DEUTSCHE TELEKOM AG 1.12% Telecommunications Service Providers Germany
8 KANE BIDCO LTD 6.5% 02/15/2027 1.06% Bonds Non-Classified
9 BCP MODULAR SERVICES 6.125% 11/30/2028 1.01% Bonds Non-Classified
10 SEASPAN CORP 5.5% 08/01/2029 1.00% Bonds United States

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B3BW061
Mex Code PUAHIC
Isin Code GB00B3BW0618
Citi Code D9K5

Fund Charges

Annual Management Charge (AMC) 1.55%
Further Costs 0.00%
Yearly Total 1.55%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Artemis High Income Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve a higher than average initial yield, combined with the prospect of rising income and some capital growth over the long-term. The emphasis of the fund will be investment in UK fixed-interest investments and preference shares, however, the Manager has the flexibility to invest in all economic sectors worldwide and in equities.
Benchmark IA Sterling Strategic Bond sector average
ABI Sector Sterling Strategic Bond

Ratings

FE Crown Crown Rating of 1

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Risk Analysis

Ratio Value
Alpha -2.22
Beta 1.44
Sharpe 0.00
Standard Deviation 10.13
Info Ratio -0.21

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds Yes
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities No
New Fund No
Solvency of Depository No
Solvency of Bond Issuers Yes
Ethical Restrictions No
Liquidity No
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Charges to Capital

Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

High Yield Bonds

The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Exchange Rate

This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Solvency of Bond Issuers

If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.

Returns Are Not Guaranteed

What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.

Inflation

Inflation will reduce the real value of your investments in future.

Taxation and Tax Relief

Levels of taxation and tax relief are subject to change.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.