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Artemis Funds (Lux) – UK Select

Select share class
CapabilityUK equities
Fund size£91.56m
Fund launch date29 Apr 2024
Fund typeSICAV
As at 30 Apr 2026
Price
£1.4228
01 Jun 2026

High conviction multi-cap UK equity fund

High conviction

Invests in 40-60 UK company shares, where the largest fund holdings are those in which the managers have the strongest belief

Flexible

Able to take short positions to provide an additional source of potential investment returns and help mitigate losses in falling markets

Unconstrained

Constructed with no set market-cap bias, enabling exposure beyond index heavyweights and unlocking alpha across the spectrum of UK equities

Ed Legget headshot
Ed Legget
Fund manager
Managed since launch
Ambrose Faulks headshot
Ambrose Faulks
Fund manager
Managed since launch

Awards and ratings

Alpha manager rating - Ed Legget
Third party endorsements are not a recommendation to buy. Ratings shown are using the most recent data. For sources, dates and other information, visit Third party endorsements

Key details

BenchmarkFTSE All-Share Index
Base currencyGBP
Unit typeAccumulation
Year end31 Oct
Pay dates31 Dec
Valuation point16:00 CET
ISA eligibleYes

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.

Line chart

Portfolio

Top 10 long holdings (%)

Standard Chartered
6.8
Barclays
6.3
Lloyds Banking Group
5.0
Rolls-Royce Holdings
4.8
NatWest Group
4.6
Marks & Spencer Group
4.5
HSBC Holdings
4.3
International Consolidated Airlines Group
4.1
Oxford Instruments
3.6
St James's Place
3.3
Total number of long holdings
44
Total number of shorts
4

Market cap breakdown (%)

Large
74.6
Mid
21.4
Small
0.8

Net sector exposure (%)

Financials
42.9
Industrials
21.2
Consumer Discretionary
16.6
Consumer Staples
6.9
Energy
3.5
Technology
2.8
Real Estate
1.8
Basic Materials
0.9
Utilities
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.

Share class information

Share class
ISINSEDOLLaunch dateMin investmentOCF*
I Acc GBP
LU2783552172BQ5HPQ829 Apr 2024£250,0000.910%
I Dist GBP
LU2852994115BLGT0L831 Jul 2024£250,0000.910%
I Acc USD
LU2783552685BQ5HPS029 Apr 2024$250,0000.910%
I Dist USD
LU2797430241BRT5Q5129 Apr 2024$250,0000.910%
I Acc EUR
LU2783552412BQ5HPR929 Apr 2024€250,0000.910%
A Acc GBP
LU3219361998BV5CTM228 Nov 2025£25,0001.700%
A Acc USD hedged
LU3233479057BWK987316 Dec 2025$25,0001.700%
*The OCF (ongoing charge figure) covers the annual operating expenses of running the fund. Additional costs may be incurred, such as portfolio transaction costs and transfer taxes, which may reduce performance. It is calculated using the most recent data available. Further information about the fund’s charges can be found in the Key Investor Information Document and by visiting: Charges and costs.

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.

Derivatives risk

The fund may invest in derivatives with the aim of profiting from falling (‘shorting’) as well as rising prices. Should the asset’s value vary in an unexpected way, the fund value could reduce.

Leverage risk

The fund may operate with a significant amount of leverage. Leverage occurs when the economic exposure created by the use of derivatives is greater than the amount invested. A leveraged portfolio may result in large fluctuations in its value and therefore entails a high degree of risk including the risk that losses may be substantial.

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
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.

We believe the benefit of ESG integration is to provide additional insight into the balance of risk/reward and hence impact on the share price. We focus on those factors which do or could have an impact on value. We engage where needed as this is a key component for improving company performance.

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 a sub-fund of Artemis Funds (Lux). For further information, visit our fund structures page

For changes made to the Artemis Funds (Lux) range of Luxembourg-registered funds since launch, visit our fund changes 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.

To the extent that this material is used for investors in Singapore, it is suitable only for institutional and accredited investors (“relevant persons”). The fund may not be offered or sold, or made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 304 of the SFA, (ii) to a relevant person pursuant to section 305(1), or any person pursuant to Section 305(2), and in accordance with the conditions specified in Section 305 of the SFA, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

Additional information for investors in Switzerland: CACEIS Bank, Montrouge Zurich branch/Switzerland, Bleicherweg 7, CH 8027 Zurich acts as the Swiss Representative and Paying Agent.

Société d'Investissement à Capital Variable (SICAV) funds are investment funds domiciled in Luxembourg. They are authorised and regulated by the Luxembourg based EU regulator, the Commission de Surveillance du Secteur Financier (CSSF).  Artemis Funds (Lux) (the “Company”) are SICAV funds and are therefore not authorised and regulated by the UK Financial Conduct Authority (“FCA”). They are, however, recognised under the UK Financial Conduct Authority’s (FCA) Overseas Fund Regime (OFR). Potential and current investors in the UK should be aware that, although the Company is recognised by the UK FCA for the purposes of distribution, the activities of the Company, the UK Representative, the Management Company, or the Depositary are not subject to the rules and regulations made under the Financial Services and Markets Act 2000 for the protection of investors. As a result, UK investors will not be protected by the UK Financial Services Compensation Scheme (FSCS) for financial losses suffered as a result of any of the mentioned bodies being unable to meet their liabilities to Shareholders, as these rules generally do not apply to an investment in the Company. In addition, UK investors will not be able to refer a complaint against the mentioned bodies to the UK Financial Ombudsman Service (“FOS”). We recommend that you get independent financial advice before making any investment decisions. The FCA introduced a package of measures during 2024 called the Sustainability Disclosure Requirements (SDR). The Company is not subject to these requirements.