Updates to the investment policy of the Artemis Strategic Bond Fund

Last updated 4 January 2022

The investment policy of the Fund previously allowed the use of derivatives for the purposes of efficient portfolio management, including hedging (“EPM”). This meant that the manager of the Fund could use derivatives in a cost effective way to reduce risk, reduce costs or to generate additional capital or income for the Fund with a level of risk which is consistent with its risk profile.

However, the investment policy of the Fund was amended as of the 4 January 2022 to afford the investment manager the flexibility to also use derivatives for general investment purposes in the pursuit of the Fund’s investment objective.  For example, the manager will be able to use derivatives to seek to benefit from wider changes in the economic environment such as rising or falling interest rates, or to balance the Fund’s exposure between companies and wider market risks.

We also took the opportunity to be more specific about what is meant by the “bonds” in which the Fund can invest.  A new definition of “debt and debt-related securities” was added to Prospectus to make this clear.  The change in definition is only being made to give more clarity about the Fund’s potential investments – it is not intended to change the scope of what the Fund is already able to invest in.

There was no change to the investment objective of the Fund and the manager does not intend to change the overall risk profile of the fund when using the new investment powers.

More information can be found in the unitholder circular below.

Related documents

• Unitholder circular (PDF, opens in a new window)

Further information

Contact our Client Services team:

• 0800 092 2051 (outside the UK +44 1268 445 401) 8am and 6pm Monday to Friday
• [email protected]