Artemis Corporate Bond Fund

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Price
106.95p

Distribution yield
2.65%

As at
17 Sep 2020

ISIN
GB00BKPWGV34

The Artemis Corporate Bond Fund invests predominantly in investment grade bonds issued by companies. An investment grade rating signifies that a bond is regarded by credit rating agencies as having a relatively low risk of defaulting on its payments.

The fund aims to generate a return greater than the iBoxx GBP Collateralized & Corporates Index, after fees, over rolling three-year periods. It seeks to do this through a combination of income and capital growth. Our managers use indices provided by third party firms as benchmarks for comparing performance and the level of risk taken by their funds. However, as active managers our teams do not select companies and industries based on the proportions of the index they represent.

The value of the bonds selected by the managers may fall as well as rise with movements in bond markets or owing to factors specific to individual companies. This could mean investors may not get back the amount they originally invested. There is a risk that a company issuing a bond may default on its regular payments or not pay back the initial value of the bond at the end of the payment term.

  • Actively managed: we believe that the prices of many corporate bonds are inaccurate. Active managers can seek to take advantage of this by avoiding bonds that they believe are too expensive, while seeking investment opportunities in undervalued parts of the market.
  • Flexible: the fund invests mainly in investment grade bonds denominated in sterling, but it has scope to invest in other currencies when the managers think it appropriate.
  • Nimble: owing to its size, we believe the fund is more agile than many of its competitors, allowing the managers to alter the fund’s positioning quicker as conditions change.
  • Experienced manager: Stephen Snowden has been managing bond funds for over 20 years.

Under financial services regulations, we are not permitted to provide information about the performance of this fund until 12 months after its launch date. You may be able to obtain performance information from third parties.

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Investment team

Stephen Snowden

Stephen Snowden

Fund manager, since launch

Stephen is a fund manager in the Artemis fixed income team.

Grace Le

Grace Le

Co-manager, since 31 March 2020

Grace is a fund manager in the Artemis fixed income team.

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Key facts

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Investment policy

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