Artemis UK Special Situations Fund
Seeking companies with underappreciated growth potential
Contrarian
Looking for opportunities in companies and parts of the market other investors do not appreciate and which are consequently available at attractive prices
Disciplined research
Seeks companies with healthy balance sheets, that are consistently generating high levels of cash from their activities and where there are potential catalysts for future growth
Flexible
Actively managed across industries and different sized companies, with profits from successful corporate turnarounds put into companies at earlier stages of recovery
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.
Investment strategy
- The fund is actively managed.
- A research-driven, bottom-up stock selection process is used to identify unrecognised growth potential in companies that are often out-of-favour.
- The manager seeks companies that are in recovery, need re-financing or are suffering from investor indifference (‘special situations’). These companies often have the potential to deliver significant capital growth.
- Companies are assessed on the basis of absolute and relative valuation with consideration to potential upside.
Portfolio
Top 10 holdings (%)
Barclays | 4.9 |
Shell | 4.7 |
ICG | 4.6 |
Unilever | 4.2 |
Standard Chartered | 4.1 |
Aviva | 4.0 |
Entain | 3.8 |
IG Group Holdings | 3.7 |
Grafton Group | 3.5 |
Johnson Service Group | 3.1 |
Total number of holdings | 43 |
Market cap breakdown (%)
Large | 59.6 |
Mid | 30.8 |
Small | 6.5 |
Sector breakdown (%)
Financials | 30.7 |
Consumer Discretionary | 27.1 |
Industrials | 16.9 |
Consumer Staples | 7.2 |
Energy | 6.3 |
Basic Materials | 4.1 |
Technology | 2.7 |
Health Care | 1.9 |
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.
Special situations risk
The fund invests in companies that are in recovery, need re-financing or are suffering from lack of market attention (special situations). These companies are subject to higher-than-average risk of capital loss.
Specialist investment objective risk
The fund will only invest in companies which have a positive environmental and/or social impact. It is also prevented from investing in companies which conduct certain types of activities. The universe of potential investments available to the fund will therefore be smaller than if no such restrictions were applied. If a company in which the fund invests no longer meets the criteria for investment and/or is not making sufficient progress on improving its operational performance, the manager will seek to sell the investment. The price which may be obtained for selling an investment in these circumstances might be lower than that which could have been obtained had the sale not been required.
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 consider responsible stewardship a key investment consideration with
improvement in ESG factors often being integral to the financial rehabilitation of companies we invest in. We expect to see a roadmap for overall improvement for factors we believe to be material to the investment case.
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
There are several ways to invest in our funds. If you feel you might need advice before making an investment, we recommend you speak to a financial adviser. Advisers can help you plan your investments and can invest in Artemis funds on your behalf.
Find an adviser with unbiased.co.uk
Invest via a platform, including the following
Alternatively, you can invest directly with Artemis
Or on 0800 092 2051 if you already have an account with us
Contact us
General enquiries:
Tel: 0800 092 2051
Fund Service Centre
Artemis Fund Managers Limited
Sunderland SR43 4BH
Other information
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.
Visit our glossary for an explanation of investment terms.
Issued by Artemis Fund Managers Ltd which is authorised and regulated by the Financial Conduct Authority.
