On 3 October 2022, Artemis announced a change in the team that manages Artemis Monthly Distribution.  Stephen Baines, who was responsible for the management of the fixed income portion of the fund, has left the firm.

The fixed income component of fund will be managed by the Artemis Fixed Income team, with David Ennett and Jack Holmes, high yield specialists within the team, taking lead portfolio management responsibility.  They will continue to work closely with Jacob de Tusch-Lec and James Davidson, who are responsible for the equity component.

Messrs Ennett and Holmes are involved in the management of several fixed income funds within the Artemis stable, including Artemis High Income, which also features on our Recommended list.  We have known the managers and other members of the team for many years, both at this firm and at previous fund management companies.

Following this news, Artemis Monthly Distribution continues to feature on our Recommended list.

Fund snapshot

Artemis Monthly Distribution is a mixed-asset fund, comprising bonds (around 55%) and global equities (around 45%).  It aims to generate an attractive income, which is paid monthly.  In seeking to achieve the objective, the managers think carefully about the balance between capital growth and security of income.  Within its sector, the fund features in our 'Bond Biased, Primarily Global Bonds and Global Equities' category