The Artisan Value Fund rose with the market in the third quarter. The fund gained 6.38 percent for the quarter vs. the Russell 1000 Index return of 6.31 percent. For the year to date, the fund is up 13.4 percent, trailing the benchmark return of 16.2 percent.
Coincidentally, some of the fund's best (Apple, Google and Cisco) and worst performers (Ingram Micro, Avnet and Texas Instruments) during the quarter came from the technology sector.
Since the stock market lows of early June, stock prices have climbed steadily with few pullbacks prior to the end of the third quarter. As a result, the opportunities for finding great values in the market have declined, fund managers George Sertl, Scott Satterwhite and James Kieffer wrote in their third-quarter commentary. To read their full report, click here.
The Artisan Value Fund is a component of the Bradway Strategic Portfolio, which consists primarily of investments with top money managers.
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