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Looking for Mutual Fund Equity Report Fund? At this time, it should not be possible to start with the Artisan International Fund Investor (ARTIX). ARTIX maintains a Zacks Mutual Fund Rank of 5 (Strong Sell) based on nine predictive factors such as size, expense and past performance.
Fund/manager history
Artisan Funds is based in Boston, MA and is the manager of ARTIX. Artisan International Fund Investors First launched in December 1995, ARTIX has accumulated approximately $2.33 billion in assets as of the most recent filing. The fund’s current manager is a group of investment professionals.
Performance
Clearly, what investors are looking for in these funds is strong performance relative to their peers. ARTIX has a 5-year annualized total return of 0.63% and is in the middle third of its category peers. But if you’re looking for a shorter time frame, it’s also worth looking at the 3-year annualized total return of -2.88%, which puts it in the bottom third of that time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund’s experiences. ARTIX’s standard deviation over the past three years is 19.46% compared to the category average of 17.94%. Looking at the past 5 years, the standard deviation of the fund is 16.94% compared to the category average of 15.71%. This makes the fund more volatile than its peers over the past half-decade.
Risk factors
Investors should note that the fund has a 5-year beta of 0.84, so it may be less volatile than the market. Because alpha represents a portfolio’s performance on a risk-adjusted basis relative to its benchmark, which in this case is the S&P 500, one should pay attention to this metric as well. ARTIX’s 5-year performance yielded a negative alpha of -7.64, meaning managers in this portfolio would have difficulty picking securities that generate better returns than the benchmark.
expenses
As expenses become increasingly important for mutual fund investments, it is key for investors to keep a close eye on expense-related metrics. Competition is heating up in this space, and a low-cost product can outperform its equivalent, all things being equal. In terms of fees, ARTIX is a no-load fund. It has an expense ratio of 1.20% compared to the category average of 1.15%. Therefore, ARTIX is actually more expensive than its peers in terms of cost.
Investors should note that the minimum initial investment for the product is $1,000 and each subsequent investment has no minimum amount.
at last
Overall, Artisan International Fund Investor (ARTIX) has a low Zacks Mutual Fund Rank, and in comparison with its similar performance, low average risk and high fees, this fund seems to be a slightly poor choice for investors at the moment.
For more information on the mutual fund equity reporting environment of the mutual fund world, visit www.zacks.com/funds/mutual-funds. There, you can see more about the rating process, and dive into ARTIX for more information. And don’t forget, Zacks has all your equity needs covered too! Be sure to check out Zacks.com for more information on our screening capabilities, rankings, and all of our articles.
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