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ARTFX Artisan High Income Investor

  • Fund
  • ARTFX
  • Price as of: Jun 22, 2018
  • $9.83
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Bonds

ARTFX - Profile

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return 6.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $3 B
  • Holdings in Top 10 23.1%

52 WEEK LOW AND HIGH

$9.83
$9.79
$10.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 92.44%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.88%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Artisan High Income Fund
  • Fund Family Name Artisan
  • Inception Date Mar 19, 2014
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Bryan C. Krug

ARTFX - Performance

Return Ranking - Trailing

Period ARTFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.1% -100.0% 10775.8% 23.02% 2
1 Yr 4.8% -100.0% 20.4% 12.65% 1
3 Yr 6.7% * -100.0% 9.8% 0.65% 1
5 Yr N/A * -100.0% 11.6% N/A N/A
10 Yr N/A * -12.4% 12.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period ARTFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.8% -72.4% 28.5% 47.69% 4
2016 7.1% -23.4% 332.1% 33.22% 3
2015 -5.7% -34.3% 1.0% 15.38% 2
2014 N/A -21.7% 31.6% N/A N/A
2013 N/A -16.9% 22.2% N/A N/A

Total Return Ranking - Trailing

Period ARTFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.1% -100.0% 10775.8% 22.74% 2
1 Yr 4.8% -100.0% 20.4% 10.19% 1
3 Yr 6.7% * -100.0% 9.8% 0.65% 1
5 Yr N/A * -100.0% 11.6% N/A N/A
10 Yr N/A * -12.4% 12.4% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period ARTFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.8% -72.4% 28.5% 48.01% 4
2016 7.1% -13.3% 332.1% 45.01% 3
2015 -5.4% -30.4% 9.9% 33.39% 2
2014 N/A -18.4% 55.9% N/A N/A
2013 N/A -16.9% 39.9% N/A N/A

NAV & Total Return History

ARTFX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

ARTFX Category Low Category High ARTFX % Rank Quintile
Net Assets 3 B 660 K 23.5 B 4.75% 1
Number of Holdings 140 1 1548 23.93% 4
Net Assets in Top 10 650 M -32.2 M 3.39 B 2.61% 1
Weighting of Top 10 23.1% 0.0% 151.4% 5.21% 1

Top 10 Holdings

  1. Hub International Limited 7.875% SNR PIDI NTS 01/10/2021 USD (144A) 3.06%
  2. Ply Gem Industries Inc. Bridge Term Loan 2.55%
  3. Cablevision Systems Corporation 5.875% SNR PIDI NTS 15/09/2022 USD (SEC REG 2.43%
  4. Everest Acquisition LLC / Everest Acquisition Finance Inc. 8% SNR SEC PIDI 2.43%
  5. First Data Corporation 7% SNR PIDI NTS 01/12/2023 USD (144A) 2.24%
  6. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.5% SNR PIDI NTS 01/05/2026 2.03%
  7. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5% SNR PIDI NTS 01/02/2028 US 1.89%
  8. VEREIT Operating Partnership LP 4.875% SNR PIDI NTS 01/06/2026 USD (SEC REG 2.85%
  9. NFP Corp. 6.875% SNR PIDI NTS 15/07/2025 USD (144A) 1.80%
  10. KIRS Midco 3 plc 8.625% SNR SEC PIDI NTS 15/07/2023 USD (144A) 1.79%

Asset Allocation

Weighting Category Low Category High ARTFX % Rank Quintile
Bonds
92.33% -13.09% 107.80% 17.94% 4
Cash
5.70% -11.47% 113.09% 10.12% 2
Convertible Bonds
1.55% 0.00% 22.32% 7.52% 2
Other
0.42% -19.81% 38.60% 14.57% 3
Stocks
0.00% 0.00% 99.15% 17.79% 5
Preferred Stocks
0.00% 0.00% 13.07% 14.72% 5

Bond Sector Breakdown

Weighting Category Low Category High ARTFX % Rank Quintile
Corporate
93.72% 0.00% 105.17% 12.42% 3
Cash & Equivalents
4.30% -7.60% 100.00% 13.50% 2
Derivative
0.00% -19.62% 13.09% 5.06% 5
Securitized
0.00% 0.00% 58.69% 15.34% 5
Municipal
0.00% 0.00% 100.00% 3.37% 5
Government
0.00% -10.58% 70.92% 13.34% 5

Bond Geographic Breakdown

Weighting Category Low Category High ARTFX % Rank Quintile
US
81.33% -13.09% 100.00% 10.43% 2
Non US
11.00% -0.13% 50.23% 24.69% 4

ARTFX - Expenses

Operational Fees

ARTFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.00% 0.00% 5.43% 20.74% 3
Management Fee 0.71% 0.00% 1.00% 1.99% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

ARTFX Fees (% of AUM) Category Low Category High ARTFX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

ARTFX Fees (% of AUM) Category Low Category High ARTFX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 0.60% 5

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ARTFX Fees (% of AUM) Category Low Category High ARTFX Rank Quintile
Turnover 92.44% 6.98% 1517.00% 5.22% 5

ARTFX - Distributions

Dividend Yield Analysis

ARTFX Category Low Category High ARTFX % Rank Quintile
Dividend Yield N/A 0.00% 6.16% N/A N/A

Dividend Distribution Analysis

ARTFX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

ARTFX Category Low Category High ARTFX % Rank Quintile
Net Income Ratio 5.88% -2.30% 8.71% 9.98% 1

Capital Gain Distribution Analysis

ARTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

ARTFX - Managers

Bryan C. Krug

Manager

Start Date

Mar 19, 2014

Tenure

4.2

Tenure Rank

12.8%

Bryan C. Krug, CFA, is a managing director of Artisan Partners and a portfolio manager on the Credit team. In this role, he is the portfolio manager for the Artisan High Income Strategy. Prior to joining Artisan Partners in December 2013, Mr. Krug was the portfolio manager of Ivy High Income Fund at Waddell & Reed from February 2006 through November 2013. Mr. Krug joined Waddell & Reed in 2001 as a high yield investment analyst and was later promoted to portfolio manager. Earlier in his career, he was affiliated with Pacholder Associates as the primary analyst for a distressed portfolio. Mr. Krug holds a bachelor’s degree in finance from Miami University, Richard T. Farmer School of Business.


Tenure Analysis

Category Low

0.0

Category High

58.0

Category Average

6.87

Category Mode

0.1