3 / 5 Stars
3 2 5 4 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#103 in Large Value
U.S. News evaluated 325 Large Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 13.19 percent over the past year, 11.32 percent over the past three years, and 18.60 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-4.4%|
|3 Years (Annualized)||11.3%|
|5 Years (Annualized)||18.6%|
|10 Years (Annualized)||N/A|
Artisan Value paints a mixed picture.
As of February 05, 2014, the fund has assets totaling almost $1.46 billion invested in 37 different holdings. Its portfolio primarily of shares of large companies.
As of the end of June, this fund's trailing three-year returns landed it in the top 16 percent of Morningstar's large-value category. While this is superficially impressive, most of that comes from 2009, when the fund returned an impressive 35 percent--quite the solid result for a value fund. Nonetheless, the fund, which launched in 2006, finished 2007, 2008, and 2010 behind the broader market. As a result, it has yet to prove that it can consistently outperform. Management runs a fairly compact portfolio. As of the end of the first quarter, Microsoft accounted for roughly 5 percent of its portfolio. That stake has dragged down the fund's performance this year. Earlier this year, the fund initiated a position in Target. That bet hasn't paid off yet, either.
By sector, the fund is heavily invested in technology and more defensive consumer names. Outside the United States, the fund has a fair amount of exposure to British companies, which as of the end of the first quarter represented 8 percent of its stock holdings. The fund has returned 13.19 percent over the past year, 11.32 percent over the past three years, and 18.60 percent over the past five years.
According to the fund's prospectus: "Artisan employs a bottom-up investment process to construct a diversified portfolio of stocks that Artisan believes are undervalued, in solid financial condition with attractive business economics and that offer the potential for superior risk/reward outcomes. Artisan believes companies with these characteristics are less likely to experience eroding values over the long term."
Role in Portfolio
Morningstar calls the fund a "core" holding.
A team of three managers runs the fund.
Artisan Value Fund has an expense ratio of 1.04 percent.
Like all stock funds, this one comes with some risks.