DRAFT
Fund Review
Artemis IM Fund One
Performance as at Aug 2026
Artemis Investment Management Pty. Ltd. manages Artemis IM Fund One, an absolute return strategy targeting double-digit net returns. It systematically harvests the Volatility Risk Premium across liquid US equities. Directors David Howard-Jones and James Gordon, along with COO & Head of Risk Alex Morris, lead the company with a focus on risk management. The strategy aims to provide risk-adjusted returns with low equity beta and reduced drawdown exposure compared to equities.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 11.31% | N/A | N/A | N/A | 15.15% |
| Peer Group1 | 12.11% | N/A | N/A | N/A | 12.49% | |
| Index2 | 5.48% | N/A | N/A | N/A | 8.79% | |
| Volatility | Fund | 3.49% | N/A | N/A | N/A | 4.29% |
| Peer Group1 | 3.49% | N/A | N/A | N/A | 3.14% | |
| Index2 | 6.54% | N/A | N/A | N/A | 6.55% | |
| 1Alternatives, 2PUTW (Wisdom Tree CBOE S&P 500 PutWrite) $AUD, 3Annualised, 4Jun 2025 | ||||||
Strategy Description
Artemis IM Fund One aims to achieve superior risk-adjusted returns without a stated benchmark by capturing the volatility risk premium in options markets and engaging in other equity and derivative investments. The Fund primarily targets US equity options, systematically selling options where implied volatility is higher than realised volatility, thus earning option premiums. Assets are mostly in cash, supporting derivative positions, with currency diversity as needed. Risk is managed through diversification across funds and indices, monitoring margin utilisation, and currency hedging. Unhedged US dollar exposure is present, and asset allocation is adaptable to protect capital amid market changes.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | Status: | Open | |
| Peer Group: | Alternatives | Inception Date: | Jun 2025 |
| Strategy: | Liquid Alts | Style: | N/A |
| Geography: | Global | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Annually |
| Fund Size: | AU$ 3m | Manager FUM: | AU$ 2.94m |
| Applications: | Monthly, Initial: AU$ 250,000 | Redemptions: | Monthly |
| Management Fee: | 2.00% (PG avg: 1.39%) | Performance Fee: | 20.00% (PG avg: 14.52%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.34%/0.10%) | Hurdle: | CPI + 3% p.a. |
| Early Redemption Fee | No | High Water Mark: | Yes |
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Artemis IM Fund One
Performance vs Alternatives and PUTW (Wisdom Tree CBOE S&P 500 PutWrite) $AUD
Since inception in Jun 2025, the Fund has returned 15.15% p.a., vs the Peer Group's return over the same period of 12.49%. Over the past 12 months, the fund has returned 11.31% vs the peer group's 12.11%. The fund's returns have been delivered with a volatility of 4.29% p.a. vs the Peer Group's 3.14%.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.64 | 1.88 | -0.61 | 0.41 | 0.58 | 1.06 | 1.36 | 1.73 | NA | NA | NA | NA | 9.36 |
| 2025 | NA | NA | NA | NA | NA | 2.72 | 0.47 | 3.83 | 1.02 | -1.24 | 1.08 | 0.94 | 9.07 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 11.31% | N/A | N/A | N/A | 15.15% |
| Peer Group | 12.11% | N/A | N/A | N/A | 12.49% | |
| Index2 | 5.48% | N/A | N/A | N/A | 8.79% | |
| Volatility | Fund | 3.49% | N/A | N/A | N/A | 4.29% |
| Peer Group | 3.49% | N/A | N/A | N/A | 3.14% | |
| Index | 6.54% | N/A | N/A | N/A | 6.55% | |
| Sharpe | Fund | 1.98 | N/A | N/A | N/A | 2.42 |
| Peer Group | 2.17 | N/A | N/A | N/A | 2.53 | |
| Index | 0.26 | N/A | N/A | N/A | 0.74 | |
| Sortino | Fund | 3.80 | N/A | N/A | N/A | 6.39 |
| Peer Group | 4.82 | N/A | N/A | N/A | 5.66 | |
| Index | 0.34 | N/A | N/A | N/A | 1.14 | |
| Largest Drawdown | Fund | -1.24% | N/A | N/A | N/A | -1.24% |
| Peer Group | -1.17% | N/A | N/A | N/A | -1.17% | |
| Index | -5.98% | N/A | N/A | N/A | -5.98% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Artemis IM Fund One - Annualised Return vs. Standard Deviation
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Artemis IM Fund One
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Non Correlated Capital |
| Custodian: | Interactive Brokers Australia |
| Administrator: | NAV Fund Services (Australia) |
| Auditor: | N/A |
| Legal: | N/A |
| Prime Broker: | Interactive Brokers Australia |
Available on Investment Platforms
No Data.
Key Staff
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
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Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.