The investment team seeks to invest in cash-producing businesses in strong financial condition that are selling at undemanding valuations.
As of 31 January 2019 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Investor Class: ARTLX | 10.78 | 10.78 | -10.60 | 14.16 | 7.08 | 12.69 | 6.36 |
Russell 1000® Value Index | 7.78 | 7.78 | -4.81 | 11.62 | 8.33 | 13.39 | 6.51 |
Russell 1000® Index | 8.38 | 8.38 | -2.17 | 14.14 | 10.68 | 15.17 | 8.17 |
As of 31 December 2018 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Investor Class: ARTLX | -17.97 | -14.92 | -14.92 | 8.39 | 3.97 | 10.70 | 5.55 |
Russell 1000® Value Index | -11.72 | -8.27 | -8.27 | 6.95 | 5.95 | 11.18 | 5.93 |
Russell 1000® Index | -13.82 | -4.78 | -4.78 | 9.09 | 8.21 | 13.28 | 7.54 |
2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|
Investor Class: ARTLX | 4.96 | -9.10 | 29.04 | 15.98 | -14.92 |
Russell 1000® Value Index | 13.45 | -3.83 | 17.34 | 13.66 | -8.27 |
Russell 1000® Index | 13.24 | 0.92 | 12.05 | 21.69 | -4.78 |
Annual Report 30 September 2018 | 1.01% |
---|---|
Prospectus 30 September 2018 | 1.02% |
See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 31 January 2019) |
|
---|---|
Alphabet Inc (Communication Services) | 4.7 |
Berkshire Hathaway Inc (Financials) | 4.7 |
Citigroup Inc (Financials) | 3.8 |
Apple Inc (Information Technology) | 3.6 |
Air Lease Corp (Industrials) | 3.5 |
NXP Semiconductors NV (Information Technology) | 3.2 |
Comcast Corp (Communication Services) | 3.1 |
Synchrony Financial (Financials) | 3.0 |
Facebook Inc (Communication Services) | 3.0 |
Cisco Systems Inc (Information Technology) | 3.0 |
Total | 35.7% |
Portfolio Statistics (as of 31 January 2019) |
|
---|---|
Median Market Cap (Billions) | $47.0 |
Weighted Avg. Market Cap (Billions) | $167.0 |
Weighted Harmonic Avg. P/E (FY1) | 11.8X |
Weighted Harmonic Avg. P/E (FY2) | 11.2X |
Median Price/Book Value | 1.7X |
Median ROE | 13.4% |
Median Fixed Charge Coverage Ratio | 7.0X |
Active Share | 85.0% |
Portfolio Turnover Rate | 24.5% |
Number of Securities | 39 |
Cash (% of total portfolio) | 2.5% |
Non U.S. Equities (% of total portfolio) | 13.9% |
Market Cap Distribution (% of total portfolio equities as of 31 January 2019) $ in billions |
|
---|---|
225.0+ | 19.3 |
100.0–225.0 | 22.8 |
40.0–100.0 | 18.8 |
15.0–40.0 | 17.7 |
0.0–15.0 | 21.4 |
TOTAL | 100.0% |
Sector Diversification (% of total portfolio equities as of 31 January 2019) |
|
---|---|
Communication Services | 14.8 |
Consumer Discretionary | 10.9 |
Consumer Staples | — |
Energy | 7.4 |
Financials | 22.2 |
Health Care | 9.3 |
Industrials | 11.1 |
Information Technology | 15.9 |
Materials | 8.3 |
Real Estate | — |
Utilities | — |
Total | 100.0% |
The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the mutual fund analysts of Morningstar, Inc. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Morningstar's analysts use this five pillar evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating ultimately reflects the analyst's overall assessment and is overseen by Morningstar's Analyst Rating Committee. The approach serves not as a formula but as a framework to ensure consistency across Morningstar's global coverage universe.
The Analyst Rating scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. A fund with a "Gold" rating distinguishes itself across the five pillars and has garnered the analysts' highest level of conviction. A fund with a 'Silver' rating has notable advantages across several, but perhaps not all, of the five pillars-strengths that give the analysts a high level of conviction. A "Bronze"-rated fund has advantages that outweigh the disadvantages across the five pillars, with sufficient level of analyst conviction to warrant a positive rating. A fund with a 'Neutral' rating isn't seriously flawed across the five pillars, nor does it distinguish itself very positively. A "Negative" rated fund is flawed in at least one if not more pillars and is considered an inferior offering to its peers. Analyst Ratings are reevaluated at least every 14 months. View detailed information about Morningstar’s Analyst Rating, including its methodology .