Artemis US Smaller Companies Fund
Seeking to harness the diverse growth opportunities of smaller US firms
US focused holdings
Accesses a diverse mix of businesses that derive the majority of revenues domestically, including niche players and regional firms
Disciplined approach
Portfolio of 40-60 company shares of smaller firms using an investment process that places a strong emphasis on assessing downside risk
Intensive research
Draws on research from the broader US team of managers and analysts who conduct over 250 company meetings each year
Awards and ratings
Key details
| Benchmark | Russell 2000 GBP Net of 15% Tax Index |
|---|---|
| IA sector | IA North American Smaller Companies Sector |
| Base currency | GBP |
| Unit type | Accumulation |
| Year end | 28 Feb |
| Pay dates | 30 Apr |
| 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.
- The manager uses multiple sources of information, both to generate ideas and to assist in validating and testing candidate companies for investment. This is complemented by techniques such as data mining (examining large databases of information) and financial analysis.
- External research is also used in order to tap into knowledge already available and to look for different views.
- The manager carries out a significant amount of analysis of wider economic trends to understand cyclical and long-term trends and the outlook.
Portfolio
Top 10 holdings (%)
Primoris Services | 4.2 |
JB Hunt Transport Svcs | 4.1 |
Coherent | 3.9 |
nVent Electric | 3.8 |
CenterPoint Energy | 3.7 |
Evercore | 3.7 |
Quest Diagnostics | 3.5 |
Applied Optoelectronics | 3.4 |
Crane | 3.4 |
Constr Ptr | 3.1 |
Total number of holdings | 48 |
Market cap breakdown (%)
>$20 bn | 37.4 |
$10-20 bn | 33.5 |
$5-10bn | 21.7 |
$2-5 bn | 4.9 |
<$2 bn | 1.4 |
Sector breakdown (%)
Industrials | 28.5 |
Health Care | 18.2 |
Financials | 12.6 |
Technology | 12.3 |
Consumer Discretionary | 7.9 |
Utilities | 5.8 |
Real Estate | 5.8 |
Basic Materials | 3.7 |
Telecommunications | 3.4 |
Consumer Staples | 0.8 |
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.
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 considered as part of our ‘Up/Down’ investment process. Key to stock selection is that a risk is only worth taking if the potential reward from owning a stock significantly exceeds the potential loss. The team structure and specialism means that ESG factors are analysed on an industry and company specific basis. Inputs include a range of ESG metrics, analysis and assessments from internal and external research.
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 a sub-fund of Artemis Investment Funds ICVC. 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.
