Artemis UK Select Fund
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
Awards and ratings
Key details
| Benchmark | FTSE All-Share Index |
|---|---|
| IA sector | IA UK All Companies Sector |
| Base currency | GBP |
| Unit type | Accumulation |
| Year end | 31 Dec |
| Pay dates | 28 Feb |
| 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.
Portfolio
Top 10 long holdings (%)
Standard Chartered | 6.7 |
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 | 74.8 |
Mid | 21.5 |
Small | 0.9 |
Net sector exposure (%)
Financials | 42.9 |
Industrials | 21.2 |
Consumer Discretionary | 16.9 |
Consumer Staples | 6.8 |
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.
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
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.
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.
