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ARTQX Artisan Mid Cap Value Investor

  • Fund
  • ARTQX
  • Price as of: Aug 08, 2016
  • $21.26
  • + $0.09
  • + 0.43%
  • Category
  • Mid Cap Value Equities

ARTQX - Profile

Vitals

  • YTD Return 13.4%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 9.4%
  • Net Assets $4.53 B
  • Holdings in Top 10 28.5%

52 WEEK LOW AND HIGH

$21.26
$16.65
$23.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

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

BROKERAGE FEES

  • Turnover 31.18%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2009-07-10

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Mid Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Value

Distributions

  • YTD Total Return 13.4%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.81%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Artisan Mid Cap Value Fund
  • Fund Family Name Artisan
  • Inception Date Mar 28, 2001
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel L. Kane

Fund Description

The Artisan Mid Cap Value Fund Investor Class (ARTQX) is an actively managed fund that seeks to grow investor capital over the long term. The fund does this by investing in domestic mid-cap stocks. ARTQX’s managers seek firms that generate strong cash flows from operations but are still undervalued and trading for discounts to their real intrinsic values. The fund is broadly diversified across sectors.

With its low costs, ARTQX makes for a great subcore choice for investor looking to overweight mid-cap value stocks. The fund is managed by Artisan Partners Limited Partnership.

ARTQX - Performance

Return Ranking - Trailing

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.4% -22.1% 16.5% 5.24% 1
1 Yr 3.9% -23.6% 21.3% 27.83% 2
3 Yr 4.2% * -9.8% 12.9% 91.25% 5
5 Yr 9.4% * -4.5% 14.8% 76.20% 4
10 Yr 8.2% * -0.9% 11.6% 23.89% 2

* Annualized


Return Ranking - Calendar

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -23.9% -30.4% 5.4% 92.98% 5
2014 N/A 0.6% 1.6% N/A N/A
2013 N/A 25.2% 34.4% N/A N/A
2012 N/A 10.6% 12.9% N/A N/A
2011 N/A -6.9% -0.9% N/A N/A

Total Return Ranking - Trailing

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.4% -22.1% 16.5% 5.38% 1
1 Yr 3.9% -27.5% 16.3% 23.35% 2
3 Yr 4.2% * -10.8% 12.9% 88.33% 5
5 Yr 9.4% * -5.6% 14.8% 71.67% 4
10 Yr 8.2% * -0.9% 11.6% 22.61% 2

* Annualized


Total Return Ranking - Calendar

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -23.9% -30.4% 5.4% 93.00% 5
2014 N/A 0.6% 6.8% N/A N/A
2013 N/A 39.2% 45.1% N/A N/A
2012 N/A 17.0% 24.0% N/A N/A
2011 N/A -0.6% 1.0% N/A N/A

NAV & Total Return History

ARTQX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

ARTQX Category Low Category High ARTQX % Rank Quintile
Net Assets 4.53 B 313 K 40 B 3.77% 1
Number of Holdings 54 20 2667 16.04% 5
Net Assets in Top 10 1.29 B 105 K 9.25 B 2.59% 1
Weighting of Top 10 28.5% 6.5% 70.0% 10.85% 2

Top 10 Holdings

  1. Arrow Electronics Inc 2.93%
  2. Avnet Inc 2.78%
  3. Alleghany Corp 3.18%
  4. Air Lease Corp Class A 2.69%
  5. Apache Corp 3.03%
  6. The Mosaic Co 2.57%
  7. Devon Energy Corp 3.49%
  8. Hess Corp 2.81%
  9. Jacobs Engineering Group Inc 2.50%
  10. Goldcorp Inc 2.47%

Asset Allocation

Weighting Category Low Category High ARTQX % Rank Quintile
Stocks
92.51% 51.16% 120.34% 23.58% 5
Cash
7.49% -0.15% 47.44% 4.95% 1
Other
0.00% -20.92% 6.98% 7.08% 5
Convertible Bonds
0.00% 0.00% 2.18% 2.36% 5
Preferred Stocks
0.00% 0.00% 12.59% 3.30% 5
Bonds
0.00% -0.05% 20.79% 3.77% 5

Stock Sector Breakdown

Weighting Category Low Category High ARTQX % Rank Quintile
Financial Services
20.41% 0.00% 37.79% 12.26% 2
Consumer Cyclical
16.65% 0.00% 32.31% 7.31% 1
Industrials
15.08% 0.00% 44.87% 10.38% 2
Technology
13.78% 0.00% 25.34% 5.90% 1
Energy
11.21% -2.51% 37.42% 3.54% 1
Basic Materials
10.40% 0.00% 19.17% 1.89% 1
Real Estate
1.73% -1.31% 51.75% 23.82% 5
Healthcare
1.66% 0.00% 18.44% 27.59% 5
Utilities
1.59% -0.07% 16.79% 23.82% 5
Communication Services
0.00% 0.00% 6.84% 15.57% 5
Consumer Defense
0.00% 0.00% 16.10% 28.07% 5

Stock Geographic Breakdown

Weighting Category Low Category High ARTQX % Rank Quintile
US
88.70% 42.66% 120.34% 24.29% 5
Non US
3.81% -0.17% 34.24% 11.56% 2

ARTQX - Expenses

Operational Fees

ARTQX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.19% 0.08% 19.64% 28.07% 3
Management Fee 0.93% 0.04% 1.26% 2.36% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

ARTQX Fees (% of AUM) Category Low Category High ARTQX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

ARTQX Fees (% of AUM) Category Low Category High ARTQX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

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.

ARTQX Fees (% of AUM) Category Low Category High ARTQX Rank Quintile
Turnover 31.18% 4.00% 493.00% 15.80% 2

ARTQX - Distributions

Dividend Yield Analysis

ARTQX Category Low Category High ARTQX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.23% 57.14% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

ARTQX Category Low Category High ARTQX % Rank Quintile
Net Income Ratio 0.81% -3.26% 5.97% 17.69% 2

Capital Gain Distribution Analysis

ARTQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ARTQX - Managers

Daniel L. Kane

Manager

Start Date

Feb 01, 2012

Tenure

4.5

Tenure Rank

10.4%

Daniel L. Kane, CFA, is a portfolio manager on the U.S. Value team. In this role, he is a portfolio manager for the Artisan Value Equity, U.S. Mid-Cap Value and U.S. Small-Cap Value strategies. Prior to joining Artisan Partners in March 2008, Mr. Kane was a senior small cap investment analyst at BB&T Asset Management, Inc. from August 2005 to March 2008. Mr. Kane began his investment career as a domestic equities securities analyst at the State of Wisconsin Investment Board in 1998. Mr. Kane holds a bachelor’s degree in Finance from the University of Wisconsin-Madison and a Master of Business Administration from The University of Chicago Booth School of Business.


Scott C. Satterwhite

Manager

Start Date

Nov 22, 2001

Tenure

14.7

Tenure Rank

2.1%

Scott C. Satterwhite, CFA, is a managing director of Artisan Partners and a portfolio manager on the U.S. Value team. Prior to joining Artisan Partners in 1997, he was portfolio manager at Wachovia Corporation, managing the Biltmore Special Values Fund and the Georgia Personal Trust Portfolio Group. He holds a bachelor’s degree in Economics from The University of the South and a Master of Business Administration from Tulane University.


James C. Kieffer

Lead Manager

Start Date

Nov 22, 2001

Tenure

14.7

Tenure Rank

2.1%

James C. Kieffer, CFA, is a managing director of Artisan Partners and a portfolio manager on the U.S. Value team. In this role, he is a portfolio manager for the Artisan Value Equity, U.S. Mid-Cap Value and U.S. Small-Cap Value strategies. Prior to joining Artisan Partners in August 1997, Mr. Kieffer was a research analyst at the investment firm McColl Partners. Mr. Kieffer began his investment career at Wachovia Corporation working with Scott Satterwhite from 1989 to 1996, initially as a personal trust portfolio manager and later as a general equities and small-cap value research analyst in the institutional portfolio group. Mr. Kieffer holds a bachelor’s degree in Economics from Emory University.


George O. Sertl

Manager

Start Date

May 15, 2006

Tenure

10.22

Tenure Rank

5.0%

George O. Sertl, CFA, is a managing director of Artisan Partners and a portfolio manager on the U.S. Value team. In this role, he is a portfolio manager for the Artisan Value Equity, U.S. Mid-Cap Value and U.S. Small-Cap Value strategies. Prior to joining Artisan Partners in January 2000, Mr. Sertl was a research analyst at Schwartz Investment Counsel. Mr. Sertl began his investment career at Pauli & Company working as a research analyst in 1992. Mr. Sertl holds a bachelor’s degree in Economics and History from the University of Richmond and a master’s degree in Economics from St. Louis University.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.94

Category Mode

1.6