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ARTQX Artisan Mid Cap Value Investor

  • Fund
  • ARTQX
  • Price as of: Dec 09, 2016
  • $22.86
  • + $0.02
  • + 0.09%
  • Category
  • Mid Cap Value Equities

ARTQX - Profile

Vitals

  • YTD Return 21.9%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 11.0%
  • Net Assets $4.05 B
  • Holdings in Top 10 29.3%

52 WEEK LOW AND HIGH

$22.86
$16.65
$22.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.16%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.62%

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 21.9%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 11.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.59%
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 21.9% -16.3% 33.7% 20.67% 2
1 Yr 15.4% -33.1% 29.7% 10.90% 1
3 Yr 4.5% * -9.7% 12.7% 89.60% 5
5 Yr 11.0% * -4.5% 21.3% 91.74% 5
10 Yr 7.6% * -1.2% 10.7% 23.36% 2

* Annualized


Return Ranking - Calendar

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -23.9% -30.9% 0.7% 89.49% 5
2014 -8.7% -18.7% 14.7% 83.01% 5
2013 29.9% -39.7% 66.3% 33.72% 2
2012 5.5% 0.0% 41.2% 90.09% 5
2011 -1.9% -34.9% 5.7% 17.11% 1

Total Return Ranking - Trailing

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 21.9% -16.3% 33.7% 23.50% 2
1 Yr 15.4% -28.1% 97.8% 9.00% 1
3 Yr 4.5% * -9.5% 12.7% 85.33% 5
5 Yr 11.0% * -5.6% 21.3% 89.74% 5
10 Yr 7.6% * -1.2% 10.7% 22.74% 2

* Annualized


Total Return Ranking - Calendar

Period ARTQX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.7% -26.7% 2.4% 81.91% 5
2014 2.0% -12.4% 25.7% 91.64% 5
2013 56.3% 0.0% 165.8% 26.74% 2
2012 20.5% 0.0% 258.2% 75.98% 4
2011 12.7% -53.5% 12.7% 0.33% 1

NAV & Total Return History

ARTQX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

ARTQX Category Low Category High ARTQX % Rank Quintile
Net Assets 4.05 B 313 K 38.1 B 4.25% 1
Number of Holdings 52 20 2644 17.45% 5
Net Assets in Top 10 1.23 B 105 K 9.53 B 2.83% 1
Weighting of Top 10 29.3% 6.4% 75.7% 9.43% 2

Top 10 Holdings

  1. Arrow Electronics Inc 2.93%
  2. Avnet Inc 2.73%
  3. Alleghany Corp 2.95%
  4. Air Lease Corp Class A 3.10%
  5. Apache Corp 3.36%
  6. Devon Energy Corp 4.11%
  7. Hess Corp 2.60%
  8. Jacobs Engineering Group Inc 2.51%
  9. Fifth Third Bancorp 2.56%
  10. Celanese Corp 2.43%

Asset Allocation

Weighting Category Low Category High ARTQX % Rank Quintile
Stocks
93.15% 47.12% 100.15% 23.82% 5
Cash
6.85% -0.36% 52.89% 4.72% 1
Other
0.00% -5.25% 4.99% 7.55% 5
Convertible Bonds
0.00% 0.00% 2.31% 2.12% 5
Preferred Stocks
0.00% 0.00% 14.07% 3.30% 5
Bonds
0.00% -0.05% 21.99% 3.54% 5

Stock Sector Breakdown

Weighting Category Low Category High ARTQX % Rank Quintile
Financial Services
20.63% 0.00% 37.79% 14.15% 3
Consumer Cyclical
18.18% 0.00% 31.91% 5.90% 1
Industrials
15.25% 0.00% 38.57% 10.85% 2
Technology
14.23% 0.00% 31.67% 6.37% 1
Energy
10.62% -0.85% 37.42% 5.66% 1
Basic Materials
9.47% 0.00% 18.74% 2.12% 1
Real Estate
1.65% 0.00% 48.98% 24.76% 5
Healthcare
1.64% 0.00% 21.19% 29.25% 5
Utilities
1.48% 0.00% 14.65% 24.76% 5
Communication Services
0.00% 0.00% 9.76% 14.62% 5
Consumer Defense
0.00% 0.00% 15.99% 28.77% 5

Stock Geographic Breakdown

Weighting Category Low Category High ARTQX % Rank Quintile
US
89.10% 40.09% 99.96% 24.76% 5
Non US
4.05% -0.75% 35.73% 10.85% 2

ARTQX - Expenses

Operational Fees

ARTQX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.16% 0.08% 19.64% 28.77% 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 26.62% 6.63% 493.00% 18.40% 1

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 0.59% -3.26% 7.52% 24.76% 3

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

4.83

Tenure Rank

10.2%

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

15.03

Tenure Rank

1.9%

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 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

10.55

Tenure Rank

4.8%

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 and U.S. Mid-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

0.1

Category High

28.3

Category Average

7

Category Mode

1.9