Artemis SmartGARP Global Smaller Companies Fund
Change notification
A discount of 0.15% has been applied to the annual management charge for the period from 6 October 2025 to 5 October 2026.
Systematic & objective approach to investing in smaller companies across a broad spread of countries and industries
High growth
Smaller companies tend to be more agile and entrepreneurial than larger firms, with greater scope for expansion
Undervalued opportunity
Small-cap stocks are trading at lower valuations than large-cap peers, with the potential to close the gap rapidly
Diversifying by nature
The performance of small-caps is often uncorrelated with shares of larger companies, offering diversification benefits
This fund draws on SmartGARP®, Artemis’ in-house software tool that screens companies’ finances to identify potential winners and promotes timely and objective decision-making. This is overlayed by subjective insight, with detailed research undertaken to ensure that the investment story behind a SmartGARP recommendation is valid.
Awards and ratings
Key details
| Benchmark | MSCI AC World Small Cap Index |
|---|---|
| Base currency | GBP |
| Unit type | Accumulation |
| Year end | 30 Apr |
| Pay dates | 30 Jun |
| 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.
Investment strategy
- The fund is actively managed.
- A proprietary tool called ‘SmartGARP’ is used as the foundation of the investment process. It screens the financial characteristics of companies by identifying those that are growing faster than the market but are trading on lower valuations than the market.
- The manager selects companies that in aggregate have good ‘SmartGARP’ characteristics. This tends to mean that the portfolio contains stocks that have lower valuations than the market average, upgrades to profit forecasts, and are under-owned by the investment community, while at the same time benefiting from helpful trends in the wider economy.
Portfolio
Top 10 holdings (%)
Par Pacific Holdings | 1.9 |
CF Industries | 1.9 |
HF Sinclair | 1.8 |
Turkiye Petrol | 1.7 |
DHT Holdings | 1.7 |
Popular | 1.7 |
NGK | 1.7 |
Ultrapar Participacoes | 1.6 |
Commercial Metals | 1.6 |
TCL Electronics Holdings | 1.5 |
Total number of holdings | 124 |
Regional breakdown (%)
North America | 37.8 |
Emerging Markets | 26.5 |
Europe | 17.8 |
Japan | 12.9 |
Asia Pacific ex Japan | 4.0 |
Sector breakdown (%)
Financials | 18.4 |
Materials | 17.7 |
Energy | 16.0 |
Consumer Discretionary | 13.4 |
Industrials | 13.0 |
Information Technology | 7.4 |
Communication Services | 4.9 |
Health Care | 3.5 |
Utilities | 2.2 |
Consumer Staples | 2.0 |
Real Estate | 0.4 |
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.
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.
Smaller companies risk
Investing in small companies can involve more risk than investing in larger, more established companies. Shares in smaller companies may not be as easy to sell, which can cause difficulty in valuing those shares.
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 assessed for every stock on an ongoing basis for both the risks and opportunities they pose to the investment case. This process involves a range of inputs including ESG metrics, analysis and assessments from external research providers, and our own due diligence, experience and company knowledge.
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.
On 6 October 2025 the name of the fund changed from Artemis Global Select Fund to Artemis SmartGARP Global Smaller Companies Fund.
