Artemis Short-Duration Strategic Bond fund is a ‘Steady Eddie’ targeted absolute return fund, with a heavy emphasis on controlling risk. It targets an annual return of at least the Bank of England Base rate + 2.5% after fees and invests globally in government and corporate bonds as well as asset-backed and mortgage-backed securities.
Stephen began his career at Aegon Asset Management (now Kames Capital) in 1994, after earning a BSc and MSc in Finance from Queen’s University Belfast. By 2000, he was managing Kames’ Sterling Corporate Bond Fund. In 2004, he moved to Old Mutual Asset Managers to run their corporate bond fund, before returning to Kames in 2011 as co-head of fixed income, co-managing several funds including the Investment Grade Bond and Absolute Return Bond funds. In 2019, Stephen joined Artemis from Kames Capital, bringing four other fixed interest team members with him.
Jack co-manages Artemis’ Global High Yield Bond, High Income, and Short-Duration Strategic Bond strategies, as well as the bond component of the Monthly Distribution strategy. He joined Artemis in June 2019 from Aegon Asset Management, where he co-managed high yield bond funds and the Strategic Bond strategy since 2016. Previously, Jack was an investment analyst at Standard Life Investments and began his career as an economist at Cambridge Econometrics. He graduated with a first-class honors degree in economics from Trinity College Dublin and is a CFA charterholder.
Liam leads the Artemis fixed income team’s strategy on macro and rates. He joined Artemis in November 2023 from abrdn, where he was head of nominal rates and managed several strategies, including the abrdn Strategic Bond fund. He holds a degree in Theoretical Physics from Trinity College Dublin.
This is an excellent fund for those who dislike volatility but want a better return than cash. Steve Snowden is one of the one most experienced fixed income managers in the UK, and he has a great long-term track record. The fund has a solid, flexible process, combined with a tight risk management. Unlike many targeted absolute return funds which overcharge, the fees for this fund are low (0.40% OCF). It is never going to ‘shoot the lights out’, but for those looking to preserve their capital with a reasonable return, this has to be a consideration.
£698.6
Buy
No
2.5
0.25%
0.39%
Acc and Inc
4.81%
Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.
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Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.
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The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).
The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.
