Artemis SmartGARP UK Equity Fund
Systematic & objective approach to UK equity investing
Systematic
Uses our proprietary SmartGARP process which seeks to remove behavioural biases when identifying stocks
Differentiated
The manager constructs a portfolio that bears little resemblance to the composition of the index and competitor funds
Experienced
The manager has worked in investment since 1985 while the SmartGARP team has managed funds using this process since 2001
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 | FTSE All-Share TR |
|---|---|
| IA sector | IA UK All Companies Sector |
| Base currency | GBP |
| Unit type | Accumulation |
| Year end | 07 Apr |
| Pay dates | 07 Jun |
| Valuation point | 12:00 UK time |
| Fund launch | 23 Dec 1986 |
| 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 (%)
HSBC Holdings | 5.2 |
Lloyds Banking Group | 5.1 |
GSK | 4.9 |
BP | 4.5 |
Rio Tinto | 4.4 |
NatWest Group | 4.0 |
Lion Finance Group | 3.8 |
Shell | 3.5 |
Vodafone Group | 3.3 |
Imperial Brands | 3.0 |
Total number of holdings | 73 |
Market cap breakdown (%)
Large | 75.6 |
Mid | 22.9 |
Small | 0.8 |
Sector breakdown (%)
Financials | 42.6 |
Energy | 13.2 |
Basic Materials | 10.7 |
Industrials | 9.6 |
Health Care | 6.4 |
Consumer Staples | 5.2 |
Consumer Discretionary | 5.1 |
Telecommunications | 3.3 |
Utilities | 2.5 |
Technology | 0.7 |
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.
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 is one of eight factors considered by the SmartGARP® framework alongside other bottom-up and top-down inputs such as macroeconomic and investor positioning information. SmartGARP®’s ESG factor has two subcomponents, one capturing companies’ carbon footprint and the other focusing more generally on the strength of their ESG newsflow. Meeting company management does not form part of the SmartGARP® process although the strategy does aim to vote all its stock.
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.
