Artemis Special Situations
Launch Date 09/03/2000 Initial Charge 5.25%
Fund Size £1,044M Discount 5.25%
ISIN Number GB0002192267 The total cost of investment after the discount is applied* 0%
Legal Structure Unit Trust (UNIT) Annual Management Charge 1.50%

*In addition, the fund manager will incur stamp duty, bid/offer spreads in the market and stockbroking commission, which may be in part passed onto the investor. Charges rounded up to nearest 0.01%

The Artemis UK Special Situations fund aims to maximise long term capital growth by exploiting special situations. The fund invests principally in UK equities and in companies, which are headquartered or have a significant part of their activities in the UK, which are quoted on a regulated market outside the UK. It is suitable for an investor who requires exposure to UK Equities, and is prepared to accept a high level of investment risk.

Artemis was founded in 1997, as a specialist investment manager focusing on UK Equities. Having undergone a period of ownership by ABN AMRO and then Fortis Bank Artemis have recently bought themselves out with the help of AMG fund managers.

The UK Special Situations fund has been managed since launch by Derek Stuart, who is a founder member of Artemis, and who works closely with John Dodd on UK mandates. The manager's stock-picking approach concentrates on investing in shares with scope for an upward re-rating. Thematic economic analysis is used to identify sectors where relative growth prospects are rising and companies where there is a clearly defined catalyst for change.
Key Sector % of fund
   OTHERS 16.9%
   OIL & GAS 16%
   FINANCIALS 13.1%
   HEALTH CARE 9.2%
   TELECOM, MEDIA & TECHNOLOGY 6.2%
   DISTRIBUTORS 5.8%
   UTILITIES 5%
   LEISURE 4.7%
   REAL ESTATE 3.7%

The sector asset allocation is shown above, and relative performance of the fund is given in the table below. Please bear in mind that past performance is not a guide to the future, and the value of this investment and any income can go down as well as up, and you may not get back the amount you invested.
Cumulative Performance
3 mth 6 mth 1 yr 3 yr 5 yr
Fund -7.11% -1.17% 14.1% -14.77% 22.86%
Sector -8.34% -2.73% 20.31% -17.83% 15.64%
Relative to sector 1.23% 1.56% -6.21% 3.06% 7.22%
Rank within sector 78/283 77/280 253/277 99/252 63/211

Data supplied by Financial Express as at July 2010, bid/bid income reinvested. Our views are based upon our understanding of the current legislation. You should not act on any of the information without seeking professional advice. clarity is authorised and regulated by the Financial Services Authority. The Financial Services Authority does not regulate all types of Pensions, Mortgages or Taxation Advice.