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Artisan International Value Fund
mutual fund
APHKX
Payout Change
Pending
Price as of:
$47.31
+0.13
+0.28%
primary theme
International Large-Cap Blend Equity
share class
APHKX (Mutual Fund)
Artisan International Value Fund
Payout Change
Pending
Price as of:
$47.31
+0.13
+0.28%
primary theme
International Large-Cap Blend Equity
share class
APHKX (Mutual Fund)
Artisan International Value Fund
Payout Change
Pending
Price as of:
$47.31
+0.13
+0.28%
primary theme
International Large-Cap Blend Equity
share class
Name
As of 12/20/2024Price
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
7.0%
1 yr return
8.0%
3 Yr Avg Return
7.9%
5 Yr Avg Return
9.4%
Net Assets
$32.3 B
Holdings in Top 10
48.5%
52 WEEK LOW AND HIGH
$47.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.90%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
APHKX - Profile
Distributions
- YTD Total Return 7.0%
- 3 Yr Annualized Total Return 7.9%
- 5 Yr Annualized Total Return 9.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.72%
- Dividend Yield 1.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameArtisan International Value Fund
-
Fund Family NameArtisan Partners Limited Partnership
-
Inception DateOct 01, 2006
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerN. David Samra
Fund Description
The Fund’s investment team employs a fundamental investment process to construct a diversified portfolio of securities of undervalued non-US companies of all sizes. The team seeks to invest in what the team considers to be high quality, undervalued companies with strong balance sheets and shareholder-oriented management teams.The team’s investment process focuses on four key characteristics:■Undervaluation—Determining the intrinsic value of a business is the heart of the team’s research process. The team believes that intrinsic value represents the amount that a buyer would pay to own a company’s future cash flows. The team seeks to invest at a significant discount to its estimate of the intrinsic value of a business.■Business Quality—The team seeks to invest in companies with histories of generating strong free cash flow, improving returns on capital and strong competitive positions in their industries.■Financial Strength—The team believes that investing in companies with strong balance sheets helps to reduce the potential for capital risk and provides company management the ability to build value when attractive opportunities are available.■Shareholder-Oriented Management—The team’s research process attempts to identify management teams with a history of building value for shareholders.Companies that make it through this analytical process are ranked at the time the position is initiated according to the degree of the discount of the current market price of the stock to the team’s estimate of the company’s intrinsic value. The team manages the portfolio by generally taking larger positions in companies where the discount is greatest and smaller positions in companies with narrower discounts (subject to adjustments for investment-related concerns, including, diversification, risk management and liquidity).The focus of the investment process is on individual companies, not on selection of countries or regions. Under normal market conditions, the Fund invests no less than 80% of its total assets (excluding cash and cash equivalents), measured at market value at the time of purchase, in common stocks and other securities of non-US companies. The Fund invests primarily in developed markets but also may invest in emerging and less developed markets. The Fund may invest in companies of any size.The Fund may invest to a limited extent in equity-linked securities that provide economic exposure to a security of one or more non-US companies without direct investment in the underlying securities (called “participation certificates” in the Fund’s prospectus, but may be called different names by issuers).The Fund invests primarily in equity securities but, from time to time, the team may conclude that a security other than an equity security presents a more attractive risk/reward profile. Accordingly, the Fund may invest to a limited extent in debt securities of US and non-US issuers that meet the Fund’s investment criteria. The Fund may invest in debt securities of any maturity.
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APHKX - Performance
Return Ranking - Trailing
| Period | APHKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.0% | -8.8% | 23.2% | 14.56% |
| 1 Yr | 8.0% | -6.7% | 27.0% | 16.93% |
| 3 Yr | 7.9%* | -13.6% | 46.8% | 2.11% |
| 5 Yr | 9.4%* | -34.2% | 73.4% | 2.21% |
| 10 Yr | 7.7%* | 0.9% | 32.0% | 3.67% |
* Annualized
Return Ranking - Calendar
| Period | APHKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.5% | -1.4% | 22.0% | 2.52% |
| 2022 | -8.9% | -43.6% | 71.3% | 1.60% |
| 2021 | 6.3% | -28.5% | 18.9% | 37.79% |
| 2020 | 7.7% | -90.1% | 992.1% | 52.43% |
| 2019 | 19.2% | -1.9% | 38.8% | 50.62% |
Total Return Ranking - Trailing
| Period | APHKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.0% | -8.8% | 23.2% | 14.56% |
| 1 Yr | 8.0% | -6.7% | 27.0% | 16.93% |
| 3 Yr | 7.9%* | -13.6% | 46.8% | 2.11% |
| 5 Yr | 9.4%* | -34.2% | 73.4% | 2.21% |
| 10 Yr | 7.7%* | 0.9% | 32.0% | 3.67% |
* Annualized
Total Return Ranking - Calendar
| Period | APHKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.4% | 3.2% | 23.8% | 1.10% |
| 2022 | -6.8% | -43.6% | 144.8% | 1.60% |
| 2021 | 17.0% | -22.6% | 56.0% | 3.75% |
| 2020 | 8.8% | -89.7% | 1010.8% | 58.12% |
| 2019 | 24.2% | 4.3% | 38.8% | 32.33% |
NAV & Total Return History
APHKX - Holdings
Concentration Analysis
| APHKX | Category Low | Category High | APHKX % Rank | |
|---|---|---|---|---|
| Net Assets | 32.3 B | 3.3 M | 443 B | 5.00% |
| Number of Holdings | 51 | 1 | 10481 | 83.44% |
| Net Assets in Top 10 | 17.6 B | 1.01 M | 47.5 B | 3.59% |
| Weighting of Top 10 | 48.46% | 4.6% | 147.7% | 8.18% |
Top 10 Holdings
- BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class 12.03%
- Arch Capital Group Ltd. 5.13%
- Unilever plc 4.59%
- Danone SA 4.54%
- ABB Ltd. 4.26%
- Koninklijke Philips NV 4.10%
- Novartis AG 3.86%
- HCL Technologies Ltd. 3.45%
- Samsung Electronics Co. Ltd. 3.26%
- UBS Group AG 3.24%
Asset Allocation
| Weighting | Return Low | Return High | APHKX % Rank | |
|---|---|---|---|---|
| Stocks | 84.83% | 0.00% | 102.63% | 95.94% |
| Cash | 13.34% | 0.00% | 44.84% | 1.56% |
| Convertible Bonds | 1.01% | 0.00% | 4.18% | 1.88% |
| Preferred Stocks | 0.00% | -0.05% | 6.89% | 98.75% |
| Other | 0.00% | -2.12% | 47.54% | 92.81% |
| Bonds | 0.00% | 0.00% | 95.29% | 98.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | APHKX % Rank | |
|---|---|---|---|---|
| Financial Services | 21.97% | 0.00% | 47.75% | 8.97% |
| Consumer Cyclical | 17.66% | 0.00% | 36.36% | 4.65% |
| Technology | 16.64% | 0.00% | 36.32% | 8.33% |
| Industrials | 10.66% | 5.17% | 99.49% | 90.87% |
| Communication Services | 8.78% | 0.00% | 21.69% | 13.46% |
| Consumer Defense | 8.71% | 0.00% | 32.29% | 60.26% |
| Healthcare | 8.02% | 0.00% | 20.35% | 88.14% |
| Basic Materials | 5.41% | 0.00% | 23.86% | 83.33% |
| Energy | 2.12% | 0.00% | 16.89% | 85.26% |
| Utilities | 0.00% | 0.00% | 13.68% | 99.04% |
| Real Estate | 0.00% | 0.00% | 14.59% | 98.88% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | APHKX % Rank | |
|---|---|---|---|---|
| Non US | 71.41% | 0.00% | 99.44% | 89.84% |
| US | 13.42% | 0.00% | 102.01% | 20.00% |
APHKX - Expenses
Operational Fees
| APHKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.03% | 0.01% | 19.62% | 48.51% |
| Management Fee | 0.93% | 0.00% | 1.65% | 96.38% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| APHKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| APHKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 71.97% |
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.
| APHKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 32.90% | 2.00% | 247.00% | 47.54% |
APHKX - Distributions
Dividend Yield Analysis
| APHKX | Category Low | Category High | APHKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.04% | 0.00% | 17.49% | 81.88% |
Dividend Distribution Analysis
| APHKX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| APHKX | Category Low | Category High | APHKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.72% | -0.93% | 6.38% | 6.57% |
Capital Gain Distribution Analysis
| APHKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 26, 2024 | $1.206 | CapitalGainLongTerm |
| Sep 12, 2024 | $0.493 | OrdinaryDividend |
| Nov 29, 2023 | $0.593 | OrdinaryDividend |
| Nov 29, 2023 | $0.833 | CapitalGainLongTerm |
| Nov 15, 2022 | $0.717 | OrdinaryDividend |
| Sep 15, 2022 | $0.163 | OrdinaryDividend |
| Nov 16, 2021 | $4.237 | OrdinaryDividend |
| Nov 17, 2020 | $0.392 | OrdinaryDividend |
| Nov 14, 2019 | $0.274 | OrdinaryDividend |
| Nov 14, 2019 | $0.830 | CapitalGainLongTerm |
| Jun 07, 2019 | $0.346 | ExtraDividend |
| Nov 20, 2018 | $0.034 | CapitalGainShortTerm |
| Nov 20, 2018 | $1.266 | CapitalGainLongTerm |
| Nov 20, 2018 | $0.467 | OrdinaryDividend |
| Nov 21, 2017 | $0.085 | CapitalGainShortTerm |
| Nov 21, 2017 | $1.012 | CapitalGainLongTerm |
| Nov 21, 2017 | $0.510 | OrdinaryDividend |
| Nov 17, 2016 | $0.078 | CapitalGainShortTerm |
| Nov 17, 2016 | $0.670 | CapitalGainLongTerm |
| Nov 17, 2016 | $0.330 | OrdinaryDividend |
| Nov 19, 2015 | $1.682 | CapitalGainLongTerm |
| Nov 19, 2015 | $0.353 | OrdinaryDividend |
| Nov 19, 2014 | $0.403 | CapitalGainShortTerm |
| Nov 19, 2014 | $1.411 | CapitalGainLongTerm |
| Nov 19, 2014 | $0.547 | OrdinaryDividend |
| Nov 21, 2013 | $0.629 | OrdinaryDividend |
| Nov 21, 2013 | $0.305 | CapitalGainShortTerm |
| Nov 21, 2013 | $1.846 | CapitalGainLongTerm |
APHKX - Fund Manager Analysis
Managers
N. David Samra
Start Date
Tenure
Tenure Rank
Sep 23, 2002
19.7
19.7%
N. David Samra is a managing director of Artisan Partners and founding partner of the Artisan Partners International Value Team. He is lead portfolio manager of the Artisan Non-U.S. Value Strategy, which he has managed since its inception in July 2002. Mr. Samra also was co-portfolio manager for the Global Value strategy from its inception in July 2007 through September 2018. Prior to joining Artisan Partners in May 2002, Mr. Samra was a portfolio manager and a senior analyst in international equities at Harris Associates LP from August 1997 through May 2002. Earlier in his career, he was a portfolio manager with Montgomery Asset Management, Global Equities Division. Under Mr. Samra’s leadership, the team was nominated six times (in 2008, consecutively from 2011-2014 and again in 2016) for Morningstar, Inc.’s International-Stock Fund Manager of the Year award in the US and won the award in 2008 and 2013. The team was also named EAFE Equity Investment Manager of the Year in 2015 and 2016 by Institutional Investor. Mr. Samra holds a bachelor’s degree in finance from Bentley College and a master’s degree in business administration from Columbia Business School.
Joseph Vari
Start Date
Tenure
Tenure Rank
Oct 01, 2018
3.67
3.7%
Joseph Vari is a co-portfolio manager on the Artisan Partners International Value Team. In this role, he oversees the research process and conducts fundamental research as a generalist. Prior to joining Artisan Partners in August 2012, Mr. Vari was a generalist analyst for Hunter Global Investors. Earlier in his career, he was a research analyst for Himalaya Capital, a long/short equity fund affiliated with Tiger Management. Mr. Vari holds a bachelor’s degree in history (summa cum laude) from Loyola University, a master’s degree in anthropology from Columbia University Graduate School of Arts and Sciences, and a master’s degree in international affairs, international finance and banking from Columbia University School of International and Public Affairs.
Ian McGonigle
Start Date
Tenure
Tenure Rank
Oct 01, 2018
3.67
3.7%
Ian P. McGonigle, CFA, is a co-portfolio manager on the Artisan Partners International Value Team. In this role, he oversees the research process and conducts fundamental research as a generalist. Prior to joining Artisan Partners in June 2009, Mr. McGonigle was a securities analyst for Eagle Capital Partners LLC. Earlier in his career, he was a research analyst and vice president for the First Eagle group of mutual funds at Arnhold and S. Bleichroeder Advisers LLC and a senior equity research analyst at Estabrook Capital Management LLC. Mr. McGonigle holds a bachelor’s degree in business from Franklin & Marshall College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.32 | 3.25 |
