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ARTQX Artisan Mid Cap Value Investor

  • Fund
  • ARTQX
  • Price as of: Dec 11, 2017
  • $22.41
  • - $0.01
  • - 0.05%
  • Category
  • Mid Cap Value Equities

ARTQX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 6.8%
  • 5 Yr Annualized Return 11.4%
  • Net Assets $3.98 B
  • Holdings in Top 10 28.6%

52 WEEK LOW AND HIGH

$22.41
$21.86
$24.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.17%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.92%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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 0.3%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 11.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.25%
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 0.3% -16.8% 27.2% 85.27% 5
1 Yr 11.6% -33.1% 33.5% 77.73% 4
3 Yr 6.8% * -9.7% 12.7% 70.63% 4
5 Yr 11.4% * -4.5% 20.8% 87.80% 5
10 Yr 8.6% * -0.2% 11.5% 30.28% 2

* Annualized


Return Ranking - Calendar

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 19.2% -22.1% 28.0% 10.27% 1
2015 -23.9% -30.9% 5.2% 89.49% 5
2014 -8.7% -18.7% 36.2% 83.19% 5
2013 29.9% -39.7% 66.3% 33.43% 2
2012 5.5% -8.2% 41.2% 89.49% 5

Total Return Ranking - Trailing

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.3% -16.8% 27.2% 85.85% 5
1 Yr 11.6% -28.1% 97.8% 65.17% 4
3 Yr 6.8% * -7.6% 12.7% 62.53% 4
5 Yr 11.4% * -5.6% 22.4% 86.18% 5
10 Yr 8.6% * -0.2% 11.5% 28.75% 2

* Annualized


Total Return Ranking - Calendar

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 19.2% -22.1% 28.0% 13.94% 1
2015 -10.7% -26.7% 9.6% 83.85% 5
2014 2.0% -12.4% 25.7% 91.60% 5
2013 56.3% 0.0% 165.8% 26.74% 2
2012 20.5% -6.0% 258.2% 75.98% 4

NAV & Total Return History

ARTQX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

ARTQX Category Low Category High ARTQX % Rank Quintile
Net Assets 3.98 B 313 K 38.8 B 4.25% 1
Number of Holdings 52 21 2581 20.05% 5
Net Assets in Top 10 1.16 B 105 K 9.23 B 3.30% 1
Weighting of Top 10 28.6% 6.4% 77.0% 9.91% 2

Top 10 Holdings

  1. Alleghany Corp 2.73%
  2. Air Lease Corp Class A 4.08%
  3. Devon Energy Corp 3.02%
  4. Hess Corp 2.66%
  5. Celanese Corp 3.35%
  6. Torchmark Corp 2.49%
  7. AutoNation Inc 2.89%
  8. QVC Group Class A 2.48%
  9. Fifth Third Bancorp 2.50%
  10. Arch Capital Group Ltd 2.42%

Asset Allocation

Weighting Category Low Category High ARTQX % Rank Quintile
Stocks
92.50% 41.69% 100.35% 25.24% 5
Cash
7.51% -0.35% 36.03% 4.01% 1
Preferred Stocks
0.00% 0.00% 28.41% 4.01% 5
Other
0.00% -5.25% 9.04% 5.90% 5
Convertible Bonds
0.00% 0.00% 5.01% 1.65% 5
Bonds
0.00% -0.05% 18.83% 4.25% 5

Stock Sector Breakdown

Weighting Category Low Category High ARTQX % Rank Quintile
Financial Services
21.33% 0.00% 37.79% 13.68% 3
Consumer Cyclical
16.18% 0.00% 32.24% 8.25% 1
Energy
13.27% 0.00% 37.42% 1.18% 1
Industrials
13.02% 0.00% 39.74% 17.92% 3
Technology
10.83% 0.00% 28.78% 13.21% 2
Basic Materials
9.94% 0.00% 18.04% 1.65% 1
Real Estate
3.00% 0.00% 46.58% 24.76% 5
Consumer Defense
1.85% 0.00% 16.13% 27.83% 5
Healthcare
1.83% 0.00% 21.72% 31.13% 5
Utilities
1.25% 0.00% 12.58% 27.12% 5
Communication Services
0.00% 0.00% 6.57% 16.27% 5

Stock Geographic Breakdown

Weighting Category Low Category High ARTQX % Rank Quintile
US
86.28% 36.97% 99.96% 27.59% 5
Non US
6.22% 0.00% 40.16% 7.78% 2

ARTQX - Expenses

Operational Fees

ARTQX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.17% 0.07% 19.64% 26.89% 3
Management Fee 0.94% 0.05% 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 2.50% 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 23.92% 7.65% 628.00% 20.75% 1

ARTQX - Distributions

Dividend Yield Analysis

ARTQX Category Low Category High ARTQX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.57% 55.39% 3

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 0.25% -4.56% 7.52% 33.96% 4

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

5.83

Tenure Rank

9.9%

Daniel L. Kane, CFA, is a portfolio manager on the Artisan Partners U.S. Value Team. In this role, he is a portfolio manager for the Artisan Value Equity and U.S. Mid-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’s degree in business administration from the University of Chicago Booth School of Business.


James C. Kieffer

Lead Manager

Start Date

Nov 22, 2001

Tenure

16.03

Tenure Rank

1.8%

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 and U.S. Mid-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 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.


Thomas A Reynolds

Manager

Start Date

Oct 03, 2017

Tenure

0.16

Tenure Rank

18.3%

Thomas A. Reynolds IV 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 and U.S. Mid-Cap Value Strategies. Prior to joining Artisan Partners in October 2017, Mr. Reynolds was a portfolio manager for Perkins Investment Management at Janus Henderson, where he co-managed the Perkins Small Cap Value strategy and the Perkins All Cap Value strategy. Mr. Reynolds joined Perkins in 2009 as a research analyst covering the U.S. financials sector and was later promoted to portfolio manager. Earlier in his career, he worked at Lehman Brothers in the financial institutions investment banking group and fixed income sales and trading. Mr. Reynolds holds a bachelor’s degree in anthropology from Dartmouth College and a master’s degree in business administration from the University of Chicago Booth School of Business, where he graduated with honors.


Tenure Analysis

Category Low

0.0

Category High

29.2

Category Average

7.18

Category Mode

0.7