Mutual Fund #2: Artisan Global Value (ARTGX)
Going with a global approach to large-cap investing, Artisan Global Value (ARTGX) is a smart way to gain exposure to compelling businesses throughout the world. Managers Daniel O’Keefe and David Samra have the mandate here to shop the world — but actually they are quite selective in this portfolio.
ARTGX usually holds 30 to 50 stocks and currently U.S. based companies are 56% of the fund. The managers also see value in Europe — with a 37% stake in firms benefiting from slowly improving economic conditions.
Have you noticed that business news now contains almost no coverage of European debt woes? While these problems may not be solved, they are better, and this fund is a good way to participate in this recovery in a tactical way. Recent top holdings include Oracle (ORCL), The Bank of New York Mellon (BK), Microsoft (MSFT), Arch Capital Group (ACGL) and 3M (MMM).
Fund expenses are on the high side at 1.52% for this $1.4 billion fund, but performance from this management duo has been strong. The fund was up 31% last year, and has gained an annualized 19.6% over the past five years, placing it in the top 12% of its Morningstar peer group.
The same managers oversee Artisan International Value (ARTKX) which is closed to new investors, but is ranked in the top 1% of its Morningstar category over the last decade.