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Artisan Mid Cap Institutional APHMX

Analyst rating as of
NAV / 1-Day Return
52.39  /  0.29 %
Total Assets
6.7 Bil
Adj. Expense Ratio
0.960%
Expense Ratio
0.960%
Fee Level
Above Average
Longest Manager Tenure
18.97 years
Category
US Fund Mid-Cap Growth
Investment Style
Mid Growth
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
0.00%
Turnover
48%
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Morningstar’s Analysis

Will APHMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Artisan Mid Cap Held Up Well This Quarter

Analyst Note

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Artisan Mid Cap fared better than nearly all of its mid-cap growth Morningstar Category peers in 2020’s first quarter. It lost 11.5% for the quarter, compared with the Russell Mid Cap Growth’s 20% decline and the typical mid-growth peer’s 20.3%. Recent performance is consistent with its history of weathering downturns, as the managers’ focus on companies with sturdy balance sheets and lasting competitive advantages has resulted in greater stability when stocks falter. The managers’ bottom-up research drives this fund’s sector weightings, and an above-average healthcare stake plus light or no exposure to basic materials, energy, and financials helped this quarter. Picks with Internet-focused business models, such as videoconferencing platform Zoom Video ZM, life sciences cloud computing company Veeva Systems VEEV, and cybersecurity firm Zscaler ZS provided a cushion as well. The fund retains its Morningstar Analyst Rating of Silver.

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