Artisan Mid Cap InvARTMX

Morningstar Rating

Fund Research and Analysis

by Greg Carlson

Artisan Mid Cap's shareholders remain a fortunate group.

This closed fund is thriving. It has gained 43% for the year to date through Dec. 3, 2009, besting the vast majority of its mid-growth peers. We don't normally expect the fund to do so well in Read more

Kudos

The fund has posted topnotch returns over its lifetime.

Its returns on an aftertax basis are equally impressive.

Experienced managers. Read more

Risks

The fund places more emphasis on low valuations than many of its more-aggressive category peers, so it may lag its rivals when growth stocks rally.

Artisan shuttered the fund's doors to new investors in 2002--and closed the doors a little tighter in early 2005--but the fund's asset base is still a bit hefty relative to its universe. Read more

Strategy

Managers Andy Stephens, Jim Hamel, and their team look for dominant companies with profit cycles that are accelerating or that they figure will ramp up soon. They seek a balance of stable and aggressive-growth Read more

Management

Andy Stephens has managed the fund since its inception in 1997. Before coming aboard here, he was a comanager at Strong Balanced. Jim Hamel, originally an analyst here and then an associate portfolio manager, was promoted to portfolio manager in July Read more

Inside Scoop

This isn't your typical mid-cap growth fund. Lead manager Andy Stephens won't pay up too much for growth, but he will wager on sectors. The fund is closed to new investors. Read more

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