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Artisan Mid Cap Fund
mutual fund
APDMX
Payout Change
Pending
Price as of:
$35.78
+0.29
+0.82%
primary theme
U.S. Mid-Cap Growth Equity
share class
APDMX (Mutual Fund)
Artisan Mid Cap Fund
Payout Change
Pending
Price as of:
$35.78
+0.29
+0.82%
primary theme
U.S. Mid-Cap Growth Equity
share class
APDMX (Mutual Fund)
Artisan Mid Cap Fund
Payout Change
Pending
Price as of:
$35.78
+0.29
+0.82%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
15.5%
1 yr return
14.6%
3 Yr Avg Return
-3.2%
5 Yr Avg Return
9.7%
Net Assets
$5 B
Holdings in Top 10
29.8%
52 WEEK LOW AND HIGH
$35.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 40.72%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
APDMX - Profile
Distributions
- YTD Total Return 15.5%
- 3 Yr Annualized Total Return -3.2%
- 5 Yr Annualized Total Return 9.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.85%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameArtisan Mid Cap Fund
-
Fund Family NameArtisan Partners Limited Partnership
-
Inception DateApr 02, 2015
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Hamel
Fund Description
The Fund’s investment team employs a fundamental investment process to construct a diversified portfolio of US mid-cap growth companies. The team seeks to invest in companies that it believes possess franchise characteristics, are benefiting from an accelerating profit cycle and are trading at a discount to its estimate of private market value. The Fund’s investment process focuses on two distinct elements –security selection and capital allocation. The team overlays its investment process with environmental, social and governance (“ESG”) considerations and broad knowledge of the global economy.■Security Selection—The team seeks to identify companies that have franchise characteristics (e.g., low cost production capability, possession of a proprietary asset, dominant market share or a defensible brand name), are benefiting from an accelerating profit cycle and are trading at a discount to the team’s estimate of private market value. The team looks for companies that are well positioned for long-term growth, which is driven by demand for their products and services at an early enough stage in their profit cycle to benefit from the increased cash flows produced by the emerging profit cycle.■Capital Allocation—Based on the team’s fundamental analysis of a company’s profit cycle, it divides the portfolio into three parts. GardenSM investments are small positions in the early part of their profit cycle that may warrant more sizeable allocations as their profit cycle accelerates. CropSM investments are positions that are being increased to a full weight because the team believes they are moving through the strongest part of their profit cycles. HarvestSM investments are positions that are being reduced as they near the team’s estimates of full valuation or their profit cycles begin to decelerate.■ESG Considerations—The team employs a framework in assessing ESG factors that informs its security selection and capital allocation process.■Broad Knowledge—The team overlays the security selection and capital allocation elements of its investment process with a desire to invest opportunistically across the entire global economy. The team seeks broad knowledge of the global economy in order to position it to find growth wherever it occurs.The Fund invests primarily in US companies and, under normal circumstances, the Fund invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in the common stocks of medium-sized companies. The Fund defines a medium-sized company as one with a market capitalization greater than the market capitalization of the smallest company in the Russell Midcap® Index and less than three times the weighted average market capitalization of companies in the Index. Under normal circumstances, the Fund generally maintains a weighted average market capitalization of not more than 1.5 times the weighted average market capitalization of the companies included in the Russell Midcap® Index or Russell Midcap® Growth Index, whichever is greater.The Fund may invest up to 15% of its total assets at market value at the time of purchase in common stocks and other securities of non-US companies (including depositary receipts). The Fund’s investments in non-US securities may include investments in developed markets, as well as emerging and less developed markets.
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APDMX - Performance
Return Ranking - Trailing
| Period | APDMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -1.2% | 91.9% | 57.28% |
| 1 Yr | 14.6% | -1.4% | 88.1% | 57.28% |
| 3 Yr | -3.2%* | -14.8% | 56.7% | 83.33% |
| 5 Yr | 9.7%* | -2.0% | 98.8% | 48.43% |
| 10 Yr | N/A* | 2.4% | 24.4% | 48.28% |
* Annualized
Return Ranking - Calendar
| Period | APDMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.2% | -27.7% | 68.0% | 18.48% |
| 2022 | -37.0% | -85.6% | 52.8% | 81.21% |
| 2021 | -6.7% | -74.9% | 238.3% | 68.15% |
| 2020 | 36.9% | -44.1% | 2474.5% | 23.96% |
| 2019 | 22.3% | -50.2% | 44.0% | 67.96% |
Total Return Ranking - Trailing
| Period | APDMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -1.2% | 91.9% | 57.28% |
| 1 Yr | 14.6% | -1.4% | 88.1% | 57.28% |
| 3 Yr | -3.2%* | -14.8% | 56.7% | 83.33% |
| 5 Yr | 9.7%* | -2.0% | 98.8% | 48.43% |
| 10 Yr | N/A* | 2.4% | 24.4% | 46.65% |
* Annualized
Total Return Ranking - Calendar
| Period | APDMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.2% | -26.1% | 68.0% | 25.68% |
| 2022 | -36.7% | -67.0% | 56.8% | 89.82% |
| 2021 | 10.5% | -23.5% | 342.2% | 65.32% |
| 2020 | 59.0% | 2.6% | 2549.1% | 13.75% |
| 2019 | 38.5% | 14.6% | 44.8% | 17.42% |
NAV & Total Return History
APDMX - Holdings
Concentration Analysis
| APDMX | Category Low | Category High | APDMX % Rank | |
|---|---|---|---|---|
| Net Assets | 5 B | 2.73 M | 100 B | 23.06% |
| Number of Holdings | 70 | 24 | 3569 | 62.02% |
| Net Assets in Top 10 | 1.28 B | 635 K | 11.9 B | 18.60% |
| Weighting of Top 10 | 29.80% | 4.5% | 97.8% | 36.05% |
Top 10 Holdings
- Argenx SE 4.66%
- Tyler Technologies, Inc. 3.78%
- Ascendis Pharma A/S 3.58%
- Spotify Technology SA 3.57%
- West Pharmaceutical Services, Inc. 3.33%
- Lattice Semiconductor Corp. 2.50%
- Ingersoll Rand, Inc. 2.21%
- Synopsys, Inc. 2.17%
- Datadog, Inc., Class A 2.01%
- Tradeweb Markets, Inc., Class A 2.00%
Asset Allocation
| Weighting | Return Low | Return High | APDMX % Rank | |
|---|---|---|---|---|
| Stocks | 97.94% | 58.72% | 103.99% | 64.34% |
| Cash | 2.06% | 0.00% | 28.07% | 36.05% |
| Preferred Stocks | 0.00% | 0.00% | 6.15% | 34.30% |
| Other | 0.00% | -0.11% | 14.15% | 44.57% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 25.00% |
| Bonds | 0.00% | 0.00% | 2.73% | 31.01% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | APDMX % Rank | |
|---|---|---|---|---|
| Technology | 35.72% | 0.04% | 62.17% | 21.51% |
| Healthcare | 22.01% | 0.00% | 37.06% | 18.60% |
| Financial Services | 13.26% | 0.00% | 43.01% | 18.80% |
| Industrials | 12.43% | 0.00% | 38.23% | 71.90% |
| Consumer Cyclical | 10.14% | 0.00% | 57.41% | 78.88% |
| Communication Services | 5.84% | 0.00% | 18.33% | 14.73% |
| Consumer Defense | 0.60% | 0.00% | 16.40% | 75.00% |
| Utilities | 0.00% | 0.00% | 12.94% | 43.60% |
| Real Estate | 0.00% | 0.00% | 19.28% | 87.02% |
| Energy | 0.00% | 0.00% | 62.10% | 70.74% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 81.78% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | APDMX % Rank | |
|---|---|---|---|---|
| US | 96.63% | 46.79% | 103.99% | 70.74% |
| Non US | 1.31% | 0.00% | 34.12% | 21.32% |
APDMX - Expenses
Operational Fees
| APDMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.04% | 0.02% | 17.54% | 50.97% |
| Management Fee | 0.93% | 0.00% | 1.50% | 86.99% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| APDMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| APDMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| APDMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 40.72% | 0.00% | 250.31% | 47.74% |
APDMX - Distributions
Dividend Yield Analysis
| APDMX | Category Low | Category High | APDMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 40.70% |
Dividend Distribution Analysis
| APDMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| APDMX | Category Low | Category High | APDMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.85% | -2.24% | 2.75% | 72.05% |
Capital Gain Distribution Analysis
| APDMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 10, 2024 | $5.232 | CapitalGainLongTerm |
| Nov 22, 2022 | $0.130 | OrdinaryDividend |
| Nov 23, 2021 | $8.589 | OrdinaryDividend |
| Nov 24, 2020 | $7.178 | OrdinaryDividend |
| Nov 21, 2019 | $4.526 | CapitalGainLongTerm |
| Nov 20, 2018 | $0.430 | CapitalGainShortTerm |
| Nov 20, 2018 | $7.537 | CapitalGainLongTerm |
| Nov 21, 2017 | $5.704 | CapitalGainLongTerm |
| Nov 17, 2016 | $3.343 | CapitalGainLongTerm |
| Nov 19, 2015 | $6.556 | CapitalGainLongTerm |
APDMX - Fund Manager Analysis
Managers
James Hamel
Start Date
Tenure
Tenure Rank
Oct 01, 2001
20.68
20.7%
James D. Hamel, CFA, is a managing director of Artisan Partners and a portfolio manager on the Growth team. In this role, he is the lead portfolio manager for the Artisan Global Opportunities Strategy and a portfolio manager for the Artisan U.S. Mid-Cap Growth, U.S. Small-Cap Growth and Global Discovery Strategies. Prior to joining Artisan Partners in May 1997, Mr. Hamel was a financial associate, cost analyst and operations manager of Kimberly-Clark Corporation from March 1990 through May 1997. He began his career at Carlson, Posten & Associates. Mr. Hamel holds a bachelor’s degree in finance from the University of Minnesota-Minneapolis where he was a three-time Academic All-American.
Matthew Kamm
Start Date
Tenure
Tenure Rank
Jan 13, 2010
12.39
12.4%
Matthew H. Kamm, CFA, is a managing director of Artisan Partners and a portfolio manager on the Growth team. In this role, he is the lead portfolio manager for the Artisan U.S. Mid-Cap Growth Strategy and a portfolio manager for the Artisan Global Opportunities, U.S. Small-Cap Growth and Global Discovery Strategies. Prior to joining Artisan Partners in May 2003, Mr. Kamm was an associate equity research analyst at Banc of America Securities. Earlier in his career, he was a senior operations analyst for NYU Medical Center. Mr. Kamm holds a bachelor’s degree in public policy from Duke University and a master’s degree in business administration, with a specialty in finance and operations management, from New York University.
Jason White
Start Date
Tenure
Tenure Rank
Jan 28, 2011
11.35
11.4%
Jason L. White, CFA, is a managing director of Artisan Partners and a portfolio manager on the Growth team. In this role, he is the lead portfolio manager for the Artisan Global Discovery Strategy and a portfolio manager for the Artisan Global Opportunities, U.S. Mid-Cap Growth and U.S. Small-Cap Growth Strategies. Prior to joining Artisan Partners in June 2000, Mr. White was a Lieutenant in the U.S. Navy, serving aboard the USS Lake Erie as the ship’s fire control officer. Mr. White holds a bachelor’s degree in history from the United States Naval Academy, where he graduated with distinction.
Craigh Cepukenas
Start Date
Tenure
Tenure Rank
Sep 30, 2013
8.67
8.7%
Craigh A. Cepukenas, CFA, is a managing director of Artisan Partners and a portfolio manager on the Growth team. In this role, he is the lead portfolio manager for the Artisan U.S. Small-Cap Growth Strategy and a portfolio manager for the Artisan Global Opportunities, U.S. Mid-Cap Growth and Global Discovery Strategies. Prior to joining Artisan Partners in November 1995 as an analyst, Mr. Cepukenas was an equity research associate at Stein Roe & Farnham, where he began his career in 1989. Mr. Cepukenas holds a bachelor’s degree in economics from the University of Wisconsin-Madison and a master’s degree in business administration from the University of Chicago Booth School of Business.
Jay Warner
Start Date
Tenure
Tenure Rank
Jan 07, 2022
0.39
0.4%
Jay C. Warner, CFA. Mr. Warner is a Co-Founder, Partner and Chief Investment Officer of BCM. Prior to 2005, Mr. Warner was a Financial Analyst in middle market sales for Citigroup Global Markets and was a generalist at The Segalas Group.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.42 | 11.76 |
