Artisan International Value Investor (ARTKX)
The investment objective of Artisan International Value fund is to pursue long term capital growth. This equity fund invests most of assets in undervalued Non-U.S companies of all market capitalizations. The fund’s performance is compared with the index benchmark, MSCI EAFE Index, over a full market cycle. This international stock fund typically holds about 40-60 stocks, diversified across most major sectors. It also invest in >5 countries. It may invest small part of its assets (<20%) in emerging markets countries.
ARTKX Fund Details
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| Artisan International Value fund |
- Fund Inception Date: 09/23/2002
- Ticker Symbol: ARTKX
- CUSIP: 04314H881
- Beta (3yr): 0.90
- Rank in category (2011): 3%
- Category: Foreign Large Blend
- Yield: 0.06%
- Net Assets: $ 2.5 billion
- Sales Load: 0%
- Expense Ratio: 1.18%
- Capital Gains: $0.0681 (2011)
- Number of Years Up: 6 years
- Number of Years Down: 3 years
This Artisan fund is managed by David Samra and Daniel J. O'Keefe. Samra has been managing this fund since September 2002. Samra is the lead portfolio manager for Artisan International Value Fund. O'Keefe is the portfolio manager for Artisan International Value Fund. This fund’s dividend yield is 0.06%. Typically, this yield is distributed annually. The annual expense ratio of this top foreign large blend fund is 1.18%. The fund’s total net assets are $4.5 Billion.
To buy this foreign large blend fund, investor can start with $1,000 initial investment for regular brokerage account. Subsequent investment can be done with $50 or more increment. For tax deferred accounts (traditional IRA, ROTH IRA, 401k, 403b), please check with your own brokerage. There are 83 brokerages that offer this best fund. Several well-known brokerages are Pershing FundCenter, TD Ameritrade, DataLynx, Schwab, DWS Retirement Sevs Investment Offerings, etc.
Investment Style and Risks
This top rated stock fund employs 4 key investment styles: pick undervalued companies, choose higher business quality companies, invest in strong balance sheet companies (i.e. they have financial strength), and identify companies with shareholder oriented management. Investment risks include stock market risk, foreign investing risk, small and medium-sized company risk, value investing style risk, management risk, etc.
Performance
As mentioned before, this equity fund achieved the top performer fund status for year 2011. This fund is also rated with 5 stars rating by Morningstar. Morningstar also recommended this fund with Gold Rating. Gold rating is the highest recommendation by Morningstar for forward looking performance. This Artisan fund has returned13.14% over the past 3 year, and 0.59% over the past 5 year. The past 5 year performance can be found below:
- Year 2011: -7.14%
- Year 2010: 18.90%
- Year 2009: 33.47%
- Year 2008: -30.11%
- Year 2007: -0.67%
As of January 2012, the top 8 country allocations are: United Kingdom (26.5%), United States (18.6%), Japan (13.3%), Switzerland (11.7%), France (10.1%), Netherlands (7%), Ireland (4.1%), and Germany (2.9%). The top 5 sectors include Consumer Discretionary, Financials, Industrials, Consumer Staples, and Health Care.
The top 10 stock holdings are: Compass Group PLC (United Kingdom), Arch Capital Group Ltd (United States), TE Connectivity Ltd (United States), Signet Jewelers Ltd (United States), Novartis AG (Switzerland), Reed Elsevier PLC (United Kingdom), Publicis Groupe SA (France), Kao Corp (Japan), Diageo PLC (United Kingdom), and Covidien PLC (United States).
Note: This fund maybe close to new investor, please checks with your brokerage for details.
Goods:
- Top rated international stock fund
- Good track record
- The yield is low for income seeker
- It may be closed to new investors
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