- Issuer
- Artisan Partners
- Inception Date
- Jul 1, 2000
- Region
- North America (United States)
- Category
- Mid Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
APHMX Performance Chart
Artisan Mid Cap Fund Institutional Class (APHMX) is up 3.1% since the beginning of the year. APHMX is currently trading at $43 per share. Investors who bought $1,000 worth of APHMX shares 5 years ago would now be looking at an investment worth $1,043.
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Compare this symbol against anything
Returns By Period
Artisan Mid Cap Fund Institutional Class (APHMX) has returned 3.12% so far this year and 10.16% over the past 12 months. Over the last ten years, APHMX has returned 11.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.08% annually.
Artisan Mid Cap Fund Institutional Class
- 1D
- -1.15%
- 1M
- -4.15%
- 6M
- -1.01%
- YTD
- 3.12%
- 1Y
- 10.16%
- 3Y*
- 10.98%
- 5Y*
- 0.84%
- 10Y*
- 11.02%
- ALL TIME*
- 7.42%
Benchmark (S&P 500 Index)
- 1D
- 0.21%
- 1M
- 1.02%
- 6M
- 6.45%
- YTD
- 8.52%
- 1Y
- 16.26%
- 3Y*
- 17.48%
- 5Y*
- 10.95%
- 10Y*
- 13.08%
- ALL TIME*
- 8.07%
APHMX Monthly Returns History
Based on dividend-adjusted daily data since Jul 3, 2000, APHMX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +15.2%, while the worst month was Oct 2008 at -22.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 8 months.
On a daily basis, APHMX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.4%, while the worst single day was Dec 19, 2007 at -15.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.53% | 0.86% | -7.14% | 7.97% | 2.50% | 6.56% | -7.13% | 3.12% | |||||
| 2025 | 7.06% | -5.18% | -8.73% | 1.17% | 6.49% | 6.28% | 2.51% | 3.65% | 2.43% | 3.00% | -0.38% | -2.77% | 15.18% |
| 2024 | 0.36% | 7.38% | 2.48% | -6.31% | -0.21% | 0.93% | -1.15% | 1.84% | 1.72% | -0.07% | 10.10% | -4.57% | 12.04% |
| 2023 | 9.56% | 0.49% | 2.12% | -4.31% | 2.47% | 6.56% | 3.61% | -0.59% | -5.73% | -7.26% | 9.07% | 7.72% | 24.30% |
| 2022 | -14.34% | -1.32% | -0.00% | -14.22% | -3.85% | -5.92% | 11.66% | -2.70% | -10.18% | 3.09% | 3.11% | -6.93% | -36.67% |
| 2021 | -2.32% | 4.40% | -4.20% | 6.65% | -2.25% | 6.01% | 3.90% | 3.32% | -3.94% | 6.29% | -6.00% | -0.75% | 10.41% |
Benchmark Metrics
Artisan Mid Cap Fund Institutional Class has an annualized alpha of 1.19%, beta of 1.07, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since July 03, 2000.
- This fund captured 117.60% of S&P 500 Index gains and 110.77% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.07 and R2 of 0.79, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.19%
- Beta
- 1.07
- R²
- 0.79
- Upside Capture
- 117.60%
- Downside Capture
- 110.77%
Expense Ratio
APHMX has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
APHMX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Artisan Mid Cap Fund Institutional Class (APHMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APHMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.80 | -1.03 |
| Martin ratioReturn relative to average drawdown | 2.81 | 7.70 | -4.89 |
Dividends
Dividend History
Artisan Mid Cap Fund Institutional Class provided a 14.71% dividend yield over the last twelve months, with an annual payout of $6.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.33 | $6.33 | $5.23 | $0.00 | $0.16 | $8.59 | $7.18 | $4.53 | $7.97 | $5.70 | $3.34 | $6.56 |
Dividend yield | 14.71% | 15.17% | 12.57% | 0.00% | 0.48% | 16.18% | 12.92% | 11.35% | 24.76% | 13.75% | 8.55% | 15.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Artisan Mid Cap Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.33 | $6.33 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.23 | $5.23 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.59 | $0.00 | $8.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Artisan Mid Cap Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Artisan Mid Cap Fund Institutional Class was 64.45%, occurring on Nov 20, 2008. Recovery took 812 trading sessions.
The current Artisan Mid Cap Fund Institutional Class drawdown is 7.13%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.45%Nov 2008 | 1y 20d | 3y 2mo | 4y 3moNov 2007 - Feb 2012 | Financial crisis2007–2009 |
-46.66%Oct 2002 | 2y 1mo | 3y 1mo | 5y 2moSep 2000 - Nov 2005 | Dot-com crash2000–2002 |
-43.56%Nov 2022 | 12mo 4d | 3y 7mo | 4y 7moNov 2021 - Jun 2026 | Bear market2022 |
-30.62%Mar 2020 | 1mo 2d | 1mo 28d | 3moFeb 2020 - May 2020 | COVID crash2020 |
-24.42%Dec 2018 | 2mo 29d | 2mo 27d | 5mo 26dSep 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| APHMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.45% | -56.78% | -7.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -9.10% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -24.61% | -18.90% | -5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -43.56% | -25.43% | -18.13% |
Max Drawdown (10Y)Largest decline over 10 years | -43.56% | -33.92% | -9.64% |
Current DrawdownCurrent decline from peak | -7.13% | -2.38% | -4.75% |
Average DrawdownAverage peak-to-trough decline | -14.78% | -10.70% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.12% | +1.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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