Artemis Income Fund
Core UK equity offering designed to deliver attractive total returns through income and capital growth
Income and growth
Targets companies with robust cashflows and reliable dividend yields, to deliver consistent income and long-term capital appreciation
Diversified
A diversified approach across 45-55 holdings, with the aim of managing risk and optimising returns
Disciplined management
Managed by a seasoned team with a long track record in income investing over a range of market cycles
Awards and ratings
Key details
| Benchmark | FTSE All-Share Index |
|---|---|
| IA sector | IA UK Equity Income Sector |
| Base currency | GBP |
| Unit type | Distribution |
| Year end | 30 Apr |
| Pay dates | 31 Dec, 30 Jun |
| 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 believes that a company’s free cashflow yield drives its valuation.
- Accordingly, the fund focuses on companies’ free cashflow yield by taking into account current and prospective dividends and the likelihood of the dividend being maintained in the future.
Portfolio
Top 10 holdings (%)
Tesco | 4.3 |
Lloyds Banking Group | 4.3 |
NatWest Group | 4.2 |
BP | 4.1 |
Aviva | 4.1 |
GSK | 4.0 |
Barclays | 3.7 |
Imperial Brands | 3.5 |
Pearson | 3.5 |
Informa | 3.4 |
Total number of holdings | 47 |
Market cap breakdown (%)
Large | 84.3 |
Mid | 11.9 |
Small | 1.0 |
Sector breakdown (%)
Financials | 31.3 |
Consumer Discretionary | 18.5 |
Consumer Staples | 12.5 |
Health Care | 9.6 |
Industrials | 7.1 |
Energy | 6.4 |
Real Estate | 4.0 |
Technology | 3.7 |
Basic Materials | 2.5 |
Utilities | 1.5 |
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.
Income
I Dist GBP unit class
Yield
Historic yield | 3.35% |
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 Dec, 30 Jun |
Year end | 30 Apr |
Distribution history
2025/2026 | Record date | Ex-dividend date | Payment date | Distribution |
|---|---|---|---|---|
Interim | 31 Oct 2025 | 3 Nov 2025 | 31 Dec 2025 | 5.7321p |
Total paid this fund financial year | 5.7321p |
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.
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.
Our approach is founded on the belief that good or improving ESG characteristics can lead to a better financial outcome, a lower cost of capital and long-term value creation. Companies that are aware of their wider stakeholder responsibilities - to their employees, the environment and society as a whole - are more likely to be able to generate attractive cashflows over the longer term. We are long term stewards of client capital with a current average holding period of over six years. Regular meetings with companies are an important part of our investment process. We engage with companies when there are material issues to discuss.
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.
