Prudential FRIA Artemis Income

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 0.4% 6.1% 11.6% 7.5% 1.7%
Sector -2.3% 1.2% 13.7% 8.1% -1.4%
Rank 78/162 16/165 112/168 113/169 32/170
Quartile 2 1 3 3 1

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 6.9% 5.4% 5.0%
Sector 6.6% 3.7% 4.0%
Rank 88/168 38/162 42/143
Quartile 3 1 2

Top 10 Holdings

Stock % Weight
3i Group Plc 3i Group Plc Ord GBP0.738636 5.87
FFX 5.61
RELX 4.87
INFORMA 4.36
LONDON STOCK EXCHANGE GROUP 4.17
PEARSON 4.04
WOLTERS KLUWER N.V. 4.02
GSK 3.78
NEXT 3.69
BP 3.42
Total 43.82

Fund Aims

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

Underlying Fund Objective: The fund aims to achieve a rising income combined with capital growth from a portfolio primarily made up of investments in the United Kingdom. The Manager actively manages the portfolio in order to achieve the objective with exposure to ordinary shares, preference shares, convertibles and fixed interest securities.

Fund Manager

Adrian Frost manager of the underlying fund for 22 years and 2 months

Photo of Adrian Frost 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.

Nick Shenton manager of the underlying fund for 11 years and 5 months

Photo of Nick Shenton 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.

Andy Marsh manager of the underlying fund for 6 years and 1 months

Photo of Andy Marsh Having trained with Ernst & Young, Andy qualified as an accountant in 1997 before working as an analyst for ING Charterhouse and then for Merrill Lynch. In 2005 he moved to Investec Investment Bank as head of equity sales. From 2006 - 2017, Andy managed money at Polar Capital, where he was a partner. He joined Artemis’ income team, to work alongside Adrian Frost and Nick Shenton, in February 2018.

Fund Overview

Bid (27/03/2024) 324.70
Offer n/a
Fund size (29/02/2024) £4.06m
Underlying Fund size £4452.05m
Number of holdings 59
Launch date 13/07/2009

Fund Charges

Annual Management Charge (AMC) 1.55%
Further Costs 0.06%
Yearly Total 1.61%

Asset Allocation

pie chart
  UK Equities 86.97%
  International Equities 10.11%
  Property 1.80%
  Investment Trusts 0.60%
  Cash and Equivalents 0.49%
  Other Assets 0.03%
Portfolio data accurate as at: 29/02/24

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
  UK Equities 86.97%
  International Equities 10.11%
  Property 1.80%
  Investment Trusts 0.60%
  Cash and Equivalents 0.49%
  Other Assets 0.03%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 30.72% - - -
 
Financial Services - 15.05% - -
 
Investment Banking & Brokerage Services - - 10.28% -
 
Asset Managers & Custodians - - - 8.23%
 
Investment Services - - - 2.05%
 
Finance & Credit Services - - 4.17% -
 
Financial Data & Systems - - - 4.17%
 
Equity Investment Instruments - - 0.60% -
 
Equity Investment Instruments - - - 0.60%
 
Insurance - 8.05% - -
 
Life Insurance - - 7.60% -
 
Life Insurance - - - 7.60%
 
Non-life Insurance - - 0.45% -
 
Property & Casualty Insurance - - - 0.45%
 
Banks - 7.63% - -
 
Banks - - 7.63% -
 
Banks - - - 7.63%
 
Consumer Discretionary 29.64% - - -
 
Media - 18.90% - -
 
Media - - 18.90% -
 
Publishing - - - 12.93%
 
Media Agencies - - - 4.36%
 
Radio & TV Broadcasters - - - 1.61%
 
Retail - 4.03% - -
 
Retailers - - 4.03% -
 
Diversified Retailers - - - 3.69%
 
Specialty Retailers - - - 0.34%
 
Consumer Products & Services - 3.57% - -
 
Leisure Goods - - 2.07% -
 
Electronic Entertainment - - - 2.07%
 
Personal Goods - - 1.50% -
 
Clothing & Accessories - - - 0.89%
 
Footwear - - - 0.61%
 
Travel & Leisure - 3.15% - -
 
Travel & Leisure - - 3.15% -
 
Airlines - - - 1.59%
 
Restaurants & Bars - - - 1.56%
 
Consumer Staples 9.39% - - -
 
Food, Beverage & Tobacco - 6.14% - -
 
Tobacco - - 2.81% -
 
Tobacco - - - 2.81%
 
Food Producers - - 2.28% -
 
Fruit & Grain Processing - - - 1.07%
 
Food Products - - - 0.74%
 
Farming, Fishing, Ranching & Plantations - - - 0.47%
 
Beverages - - 1.04% -
 
Distillers & Vintners - - - 1.04%
 
Personal Care, Drug & Grocery Stores - 3.26% - -
 
Personal Care, Drug & Grocery Stores - - 3.26% -
 
Food Retailers & Wholesalers - - - 3.26%
 
Health Care 8.16% - - -
 
Health Care - 8.16% - -
 
Pharmaceuticals & Biotechnology - - 8.16% -
 
Pharmaceuticals - - - 8.16%
 
Industrials 7.41% - - -
 
Industrial Goods & Services - 7.41% - -
 
General Industrials - - 3.19% -
 
Diversified Industrials - - - 3.19%
 
Industrial Support Services - - 2.86% -
 
Industrial Suppliers - - - 2.86%
 
Electronic & Electrical Equipment - - 1.36% -
 
Electrical Components - - - 1.36%
 
Energy 5.75% - - -
 
Energy - 5.75% - -
 
Non-Renewable Energy - - 5.75% -
 
Integrated Oil & Gas - - - 5.75%
 
Basic Materials 2.38% - - -
 
Basic Resources - 2.38% - -
 
Industrial Metals & Mining - - 2.38% -
 
General Mining - - - 2.38%
 
Technology 2.12% - - -
 
Technology - 2.12% - -
 
Software & Computer Services - - 2.12% -
 
Software - - - 2.12%
 
Real Estate 1.80% - - -
 
Real Estate - 1.80% - -
 
Real Estate Investment Trusts - - 1.80% -
 
Industrial REITs - - - 1.80%
 
Non-Classified 1.64% - - -
 
Utilities 0.49% - - -
 
Utilities - 0.49% - -
 
Electricity - - 0.49% -
 
Conventional Electricity - - - 0.49%
 
Cash and Equivalents 0.49% - - -

Regional Allocation

pie chart
  UK 86.97%
  Developed Europe - Excl UK 8.04%
  Japan 2.07%
  Property 1.80%
  Non-Classified 0.63%
  Cash and Equivalents 0.49%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 97.46%
  Cash 2.19%
  Pound Sterling 0.35%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 86.97% -
 
United Kingdom - 86.97%
 
Developed Europe - Excl UK 8.04% -
 
Netherlands - 4.76%
 
Ireland - 1.51%
 
Spain - 1.07%
 
Sweden - 0.70%
 
Japan 2.07% -
 
Japan - 2.07%
 
Property 1.80% -
 
Non-Classified 0.63% -
 
Cash and Equivalents 0.49% -

Breakdown By Market Cap (%)

Mega
 
 
42.35%
Large
 
 
33.16%
Medium
 
 
12.27%
Small
 
 
5.41%
Non-Classified
 
 
6.33%
Cash
 
 
0.49%

Top 10 Holdings

Stock % Weight Sector Country
1 3i Group Plc 3i Group Plc Ord GBP0.738636 5.87% Investment Banking & Brokerage Services United Kingdom
2 FFX 5.61% Non-Classified Non-Classified
3 RELX 4.87% Media United Kingdom
4 INFORMA 4.36% Media United Kingdom
5 LONDON STOCK EXCHANGE GROUP 4.17% Finance & Credit Services United Kingdom
6 PEARSON 4.04% Media United Kingdom
7 WOLTERS KLUWER N.V. 4.02% Media Netherlands
8 GSK 3.78% Pharmaceuticals & Biotechnology United Kingdom
9 NEXT 3.69% Retailers United Kingdom
10 BP 3.42% Non-Renewable Energy United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 2.12% - - - - - - - 2.12%
Financials 30.12% - - - - - 0.60% - 30.72%
Real Estate - - - - - 1.80% - - 1.80%
Consumer Discretionary 23.56% 6.08% - - - - - - 29.64%
Consumer Staples 6.07% 3.32% - - - - - - 9.39%
Energy 5.75% - - - - - - - 5.75%
Utilities 0.49% - - - - - - - 0.49%
Health Care 8.16% - - - - - - - 8.16%
Industrials 7.41% - - - - - - - 7.41%
Basic Materials 1.68% 0.70% - - - - - - 2.38%
Cash and Equivalents - - - - - - - 0.49% 0.49%
Non-Classified 1.61% - - - - - 0.03% - 1.64%

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 B3RQ7J9
Mex Code PUAIGP
Isin Code GB00B3RQ7J91
Citi Code FNI1

Fund Charges

Annual Management Charge (AMC) 1.55%
Further Costs 0.06%
Yearly Total 1.61%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Artemis Income Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve a rising income combined with capital growth from a portfolio primarily made up of investments in the United Kingdom. The Manager actively manages the portfolio in order to achieve the objective with exposure to ordinary shares, preference shares, convertibles and fixed interest securities.
Benchmark FTSE All-Share Index TR
ABI Sector UK Equity Income

Ratings

FE Crown Crown Rating of 3

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 -0.20
Beta 1.10
Sharpe 0.28
Standard Deviation 12.07
Info Ratio 0.13

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 No
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 No
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.

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.