Artemis US Extended Alpha Fund
Aiming to profit from both rising and falling company share prices in the US
Flexible
Uses techniques that seek to deliver a positive return from select falling share prices as well as the rising prices of other company shares
Contrarian
Seeks companies where a potential change of circumstances, either positive or negative, is not appreciated by most investors
Intensive research
Draws on research from the broader US team of managers and analysts who conduct over 250 company meetings each year
The fund uses derivatives in its aim of profiting from falling prices – shorting – as well as rising prices. Should the shorted asset’s value vary in an unexpected way, the fund value will reduce.
Awards and ratings
Key details
| Benchmark | S&P 500 Index |
|---|---|
| IA sector | IA North America Sector |
| Base currency | GBP |
| Unit type | Accumulation |
| Year end | 28 Feb |
| Pay dates | 30 Apr |
| Valuation point | 12:00 UK time |
| ISA eligible | Yes |
This fund is actively managed.
Objective
To grow capital over a five year period.
There is no guarantee that the fund will achieve a positive return over a five-year period or any other time period and your capital is at risk.
Portfolio
Top 10 long holdings (%)
NVIDIA Corp | 8.9 |
Alphabet | 5.8 |
Amazon.com | 5.0 |
Advanced Micro Devices | 4.5 |
Apple | 4.0 |
Bank of New York Mellon | 3.6 |
US Foods Holding | 3.5 |
Targa Resources | 3.1 |
Cardinal Health | 3.0 |
Parker-Hannifin | 2.9 |
Total number of long holdings | 63 |
Net sector exposure (%)
Information Technology | 32.4 |
Industrials | 10.7 |
Health Care | 9.7 |
Consumer Discretionary | 9.5 |
Communication Services | 8.7 |
Financials | 8.7 |
Utilities | 5.9 |
Consumer Staples | 4.5 |
Energy | 4.0 |
Materials | 2.1 |
Real Estate | 0.5 |
Source: Artemis as at 30 April 2026.
Figures may not add up to 100% due to rounding and cash and derivative holdings. Visit Glossary of terms for an explanation of investment terms.
Risk considerations
Market volatility risk
The value of the fund and any income from it can fall or rise because of movements in stockmarkets, currencies and interest rates, each of which can move irrationally and be affected unpredictably by diverse factors, including political and economic events.
Currency risk
The fund’s assets may be priced in currencies other than the fund base currency. Changes in currency exchange rates can therefore affect the fund's value.
Derivatives risk
The fund may invest in derivatives with the aim of profiting from falling (‘shorting’) as well as rising prices. Should the asset’s value vary in an unexpected way, the fund value could reduce.
Leverage risk
The fund may operate with a significant amount of leverage. Leverage occurs when the economic exposure created by the use of derivatives is greater than the amount invested. A leveraged portfolio may result in large fluctuations in its value and therefore entails a high degree of risk including the risk that losses may be substantial.
Counterparty risk
Investments such as derivatives are made using financial contracts with third parties. Those third parties may fail to meet their obligations to the fund due to events beyond the fund's control. The fund's value could fall because of loss of monies owed by the counterparty and/or the cost of replacement financial contracts.
Risk and reward profile
The fund is in the category shown due to historic volatility (how much and how quickly the value of shares in the fund may have risen and fallen in the past due to movements in markets, currencies and interest rates). It may not be a reliable indication of the future risk profile of the fund. The figure highlighted in the risk reward profile is the Synthetic Risk and Reward Indicator (SRRI). For more information visit our Glossary of terms.
Integrating investment and stewardship
We believe stewardship activities can contribute to better performing companies and therefore our return to clients. These activities encompass environmental, social and governance (ESG) integration, engagement and voting.
ESG factors are considered as part of our ‘Up/Down’ investment process. Key to stock selection is that a risk is only worth taking if the potential reward from owning a stock significantly exceeds the potential loss. The team structure and specialism means that ESG factors are analysed on an industry and company specific basis. Inputs include a range of ESG metrics, analysis and assessments from internal and external research.
Our TCFD (Task Force on Climate-Related Financial Disclosures) fund-level reports provide our clients with transparency on certain climate-related metrics for our investment products.
We have produced a consolidated report which includes TCFD disclosures for all of our UK funds, along with an explanation of the climate metrics which we are disclosing for each fund.
How to invest
There are several ways to invest in our funds. If you feel you might need advice before making an investment, we recommend you speak to a financial adviser. Advisers can help you plan your investments and can invest in Artemis funds on your behalf.
Find an adviser with unbiased.co.uk
Invest via a platform, including the following
Alternatively, you can invest directly with Artemis
Or on 0800 092 2051 if you already have an account with us
Contact us
General enquiries:
Tel: 0800 092 2051
Fund Service Centre
Artemis Fund Managers Limited
Sunderland SR43 4BH
Other information
This is a marketing communication. Before making any final investment decisions, and to understand the investment risks involved, refer to the fund prospectus and KIID/KID, available in English and in your local language (depending on local country registration) above or on the literature page. The documents can also be found on www.fundinfo.com.
Investment in a fund concerns the acquisition of units/shares in the fund and not in the underlying assets of the fund.
Reference to specific shares or companies should not be taken as advice or a recommendation to invest in them.
The fund is a sub-fund of Artemis Investment Funds ICVC. For further information, visit our fund structures page
Third parties (including FTSE, Russell, MSCI and Refinitiv) whose data may be included in this document do not accept any liability for errors or omissions. For information, visit our third party data page
Any research and analysis in this communication has been obtained by Artemis for its own use. Although this communication is based on sources of information that Artemis believes to be reliable, no guarantee is given as to its accuracy or completeness.
Any forward-looking statements are based on Artemis’ current expectations and projections and are subject to change without notice.
Visit our glossary for an explanation of investment terms.
Issued by Artemis Fund Managers Ltd which is authorised and regulated by the Financial Conduct Authority.
