Artemis Strategic Assets Fund

To grow the value of your investment by greater than 3% above the Consumer Price Index (CPI) per annum after fees over a minimum five year period, by strategically allocating the fund’s assets within a diversified range of asset classes in markets around the world.

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.

• The fund is actively managed.
• The manager will use its discretion to actively manage the portfolio and the proportion of the fund’s assets which are invested in each asset class in response to the manager’s view of market conditions and its analysis of macro-economic factors.

• The fund allocates to, and selects investments in, different asset classes, geographies, industries and individual companies and issuers with the aim of performing well when markets are favourable and preserving capital when markets are poor. For example, if the manager believes that bond market conditions are less favourable then the fund’s net bond exposure can be reduced by short selling bonds or by investing a higher proportion of the fund’s assets in asset classes other than bonds.

What the fund invests in

The fund may invest directly, or indirectly via derivatives, in the following instruments:

• Exchange traded funds and notes.
• Company shares.
• Fixed interest securities (known as bonds), whether issued by a company, a government or another entity.
• Other funds managed by Artemis.
• Money market instruments, cash and near cash.

Use of derivatives

The fund may use derivatives:

• For investment purposes to take both long and short positions. This may include: futures, options, forwards and total return swaps on both exchange traded and over the counter (i) equity and fixed interest securities (whether individual securities or baskets or indices to obtain wider market exposure); and (ii) currencies other than Pound Sterling.
• to produce additional income or growth
• to reduce risk
• to manage the fund efficiently
• to create leverage.

Where the fund invests

• The fund may invest within the UK and internationally and the manager will not be restricted in the choice of investments either by industry or the geographical spread of the portfolio.

Industries the fund invests in

• Any

Other limitations specific to this fund

• The fund may gain exposure of up to 200% of the fund’s Net Asset Value (calculated on a net exposure basis) in any combination of equities, bonds, property or commodities (indirectly).
• Investments in money market instruments, cash and near cash will lie in a range of 0%-100% of the fund’s Net Asset Value.
• The fund will not typically be net short equities. However, in volatile market conditions the fund may be net short equities, but never exceeding 50% of the fund’s Net Asset Value.
• The fund may have a net short exposure (up to 100%) to bonds.
  

UK Consumer Price Index + 3%

A widely-used indicator of UK inflation. It acts as a ‘target benchmark’ that the fund aims to outperform by at least 3% per annum over at least five years.

IA Flexible Investment Sector

A group of other asset managers’ funds that invest in similar asset types as this fund, collated by the Investment Association. It acts as a ‘comparator benchmark’ against which the fund’s performance can be compared. Management of the fund is not restricted by this benchmark.