Artemis Global Income Fund
Portfolio of global dividend-paying companies
Contrarian
Not looking for the ‘usual suspects’, the fund has a strong value bias, high active share and low overlap with peers
Cashflow focus
Portfolio includes companies we believe have potential for generating a high-level of free cashflow
Flexible
Shifting between regions, sectors and investment styles through the economic cycle
The fund seeks to grow both income and capital over a five year period. The fund invests in dividend-paying companies worldwide.
The team conducts thorough company research which results in a portfolio that includes a mix of low-volatility mega-caps and lesser known mid-caps. The managers look for companies they believe can keep growing their dividends.
Awards and ratings
Key details
| Benchmark | MSCI AC World Index |
|---|---|
| IA sector | IA Global Equity Income Sector |
| Base currency | GBP |
| Unit type | Distribution |
| Year end | 31 Jul |
| Pay dates | 31 Mar, 30 Sep |
| Valuation point | 12:00 UK time |
| ISA eligible | Yes |
This fund is actively managed.
Objective
To grow both income and 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.
Investment strategy
- The fund is actively managed.
- The manager favours companies which exhibit strong levels of free cashflow generation (cash that is left over after a company pays for its operating and capital expenditures which can be returned to investors through dividends and share buybacks) relative to other companies in the market, dividend distribution and dividend growth.
- Detailed financial review of companies and wider economic analysis is also undertaken.
Portfolio
Top 10 holdings (%)
Samsung Electronics | 5.2 |
Dow | 3.0 |
Hanwha Aerospace | 2.9 |
Cisco Systems | 2.5 |
Banca MPS | 2.4 |
Var Energi | 2.3 |
Tenaris | 2.1 |
Kinross Gold | 2.0 |
Siemens Energy | 2.0 |
Bristol-Myers Squibb | 1.9 |
Total number of holdings | 89 |
Regional breakdown (%)
North America | 35.3 |
Emerging Markets | 30.8 |
Europe | 28.1 |
Asia Pacific ex Japan | 2.8 |
Japan | 2.7 |
Sector breakdown (%)
Financials | 31.1 |
Industrials | 16.7 |
Materials | 15.9 |
Energy | 12.3 |
Information Technology | 11.1 |
Health Care | 6.5 |
Consumer Staples | 2.3 |
Real Estate | 2.0 |
Consumer Discretionary | 0.9 |
Communication Services | 0.9 |
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.
Income
I Inc GBP unit class
Yield
Historic yield | 2.39% |
The historic yield reflects distributions declared over the past 12 months as a percentage of the price. It does not include any preliminary charge and investors may be subject to tax on their distributions. The historic yield is not an indicator of the future performance of the fund. The payment of income and its level is not guaranteed.
Distribution frequency | Biannual |
Pay dates | 31 Mar, 30 Sep |
Year end | 31 Jul |
Distribution history
2025/2026 | Record date | Ex-dividend date | Payment date | Distribution |
|---|---|---|---|---|
Interim | 31 Jan 2026 | 2 Feb 2026 | 31 Mar 2026 | 2.0986p |
Total paid this fund financial year | 2.0986p |
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.
Charges from capital risk
Where charges are taken wholly or partly out of a fund's capital, distributable income may be increased at the expense of capital, which may constrain or erode capital growth.
Emerging markets risk
Compared to more established economies, investments in emerging markets may be subject to greater volatility due to differences in generally accepted accounting principles, less governed standards or from economic or political instability. Under certain market conditions assets may be difficult to sell.
Income risk
The payment of income and its level is not guaranteed.
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.
Income investing is inherently biased to mature, profitable companies. We therefore consider ESG characteristics/integration to be a factor that determines a company’s ability to support its free cashflow and dividends over the medium-term. ESG risks and opportunities that we believe to be over- or under-estimated by the market are another source of mispricing that we can exploit. Our investment approach tends to be contrarian in nature and valuation sensitive. This often precludes us from investing in ESG leaders, but we try to avoid companies with poor ESG credentials as these companies can often be value traps. We have, however, found that ESG improvement can be a powerful driver of re-rating.
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
Contact us
Our London head office:
Tel: 0800 092 2051
Artemis Investment Management
Cassini House
57 St James's Street
London SW1A 1LD
Other information
FOR PROFESSIONAL INVESTORS AND/OR QUALIFIED INVESTORS AND/OR FINANCIAL INTERMEDIARIES ONLY. NOT FOR USE WITH OR BY PRIVATE INVESTORS.
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 an authorised unit trust scheme. 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.
Issued by Artemis Fund Managers Ltd which is authorised and regulated by the Financial Conduct Authority.
