Artio™ Global Equity Fund Inc.

  • Overview

  • Performance

  • Prospectus/Reports

  • Distributions/Tax Info

  • Strategy & Risks

Share Class Ticker Symbol CUSIP Category Investment Minimum† Benchmark
A BJGQX 04315J605 Global Equity $1,000 MSCI ACWI
I JGEIX 04315J704 Global Equity $1 million MSCI ACWI
† Represents the minimum initial investment for regular accounts. Class A shareholders may make additional investments in the Fund at a minimum of $1,000, invest in an Individual Retirement Account (IRA) or in a tax-deferred retirement plan other than an IRA for a minimum of $100.

 

Fact Sheet: Performance (fund and benchmark), Portfolio Characteristics, Geographic Allocation, Sector Allocation, Top Ten Equity Holdings

Commentary

Country Diversification

Investment Objective

The Artio Global Equity Fund Inc. ("Global Equity Fund" or "Fund") seeks to maximize total return, principally through capital appreciation. The Fund attempts to meet this goal by investing primarily in a diversified portfolio of common stocks, preferred stocks and convertible securities of domestic and foreign issuers of all sizes.

Who Should Invest

The Global Equity Fund may be a good choice for those investors seeking to maximize total return, principally through capital appreciation through investments in global markets. The Fund seeks to achieve its objective by normally investing in a diversified portfolio of equity securities of issuers located throughout the world, including emerging markets. The Adviser manages the Fund using a core approach and is not constrained by a particular investment style and invests in both "growth" and "value" securities. The Fund has a bias toward mid- and large-capitalization companies, but may also invest in small-capitalization companies. Due to the Fund's broad scope, we believe the Fund may be appropriate as a core holding, offering investors access to both domestic and international equities via a single investment vehicle.

Investment Managers

Richard

Rudolph-Riad Younes, CFA, is a Managing Director and Head of Global Equity at Artio Global Management LLC ("Artio Global"). Prior to joining Artio Global's predecessor organization, Julius Baer, in 1993, Riad was an Associate Director at Swiss Bank Corp. Riad holds the Chartered Financial Analyst designation and received an MBA in Management from Yale University and a Master of Science degree in Electrical Engineering from Columbia University. He is fluent in English, Arabic and French and has a working knowledge of German.

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Dimitre Genov is a Senior Portfolio Manager at Artio Global Management LLC ("Artio Global"). Together with Rudolph-Riad Younes, he serves as portfolio manager of the Global Equity Fund. Prior to joining Artio Global, Dimitre was a Portfolio Manager/Senior Analyst at JP Morgan and a Vice President at Lazard LLC Investment Banking. Dimitre earned an MBA in Finance from Columbia Business School and London Business School (joint), as well as his BA in Applied Mathematics from Harvard University.

Month-end Performance (%) as of 8/31/10

Share Class 1 Mo
3 Mo
YTD
1 Yr
3 Yr*
5 Yr*
10 Yr*
Since Inception*
Inception Date
A -3.01 -0.86 -6.86 3.61 -8.09 1.11 - 4.30 07/01/04
I -2.99 -0.80 -6.70 3.88 -7.78 1.37 - 1.73 03/14/05
* Annualized

 

Quarter-end Performance (%) as of 6/30/10

Share Class 1 Mo
3 Mo
YTD
1 Yr
3 Yr*
5 Yr*
10 Yr*
Since Inception*
Inception Date
A -3.94 -12.73 -9.75 12.70 -9.97 1.80 - 3.88 07/01/04
I -3.91 -12.67 -9.63 12.97 -9.66 2.12 - 1.17 03/14/05
* Annualized

 

Annual Performance (%)

Share Class 2009 2008 2007 2006 2005 2004 2003 2002 2001 Inception Date
A 33.44 -40.44 11.07 21.03 11.51 16.88¹ N/A N/A N/A 07/01/04
I 33.77 -40.12 11.38 21.32 8.76¹ N/A N/A N/A N/A 03/14/05
1. Partial year—since share class inception

The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be higher or lower than the performance quoted.

Investment performance reflects fee waivers. In the absence of such waivers, total return would be reduced.

Morningstar Ratings as of 6/30/10

Share Class Overall 3 Yr 5 Yr 10 Yr
A StarStarStar StarStarStar StarStarStar N/A
I StarStarStarStar StarStarStar StarStarStarStar N/A

Morningstar rated this Fund among 594, 594 and 471 World Stock Funds for the overall, 3-, and 5-year periods, respectively as of the above referenced date (based on risk adjusted total returns). The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating™ metrics.

Growth of a $10,000 Investment

(Class A Shares: 7/1/04–6/30/10)

Growth Chart

Fees (%) as stated in the prospectus dated 3/1/10

Share Class Sales Load Gross Expense Ratio Net Expense Ratio
A No-load 1.95 1.46¹
I No-load 1.56 1.21¹
While the Fund is no-load, management and distribution fees and other expenses still apply.
1. The Investment Adviser has contractually agreed to reimburse certain expenses of the Fund through 2/27/11. The Investment Adviser has also agreed to waive a portion of its management fees; this waiver may be discontinued at any time by the Fund's board. Additional expenses are net of reductions related to custody offset arrangements.

 

Prospectus

Fact Sheet: Performance (fund and benchmark), Portfolio Characteristics, Geographic Allocation, Sector Allocation, Top Ten Equity Holdings

Commentary

Prospectus

Statement of Additional Information (SAI)

Annual Report (fiscal year end 10/31/09)

Semi-annual Report (fiscal period ending 4/30/10)

Form NQ (as of 1/31/10)

Holdings Report (as of 4/30/10) Holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Holdings Report (as of 3/31/10) Holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Holdings Report (as of 2/28/10) Holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Form N-PX (Annual Report of Proxy Voting)

Proxy Procedures - International: Artio Global Management LLC, the Adviser for the Artio Global Funds, has outsourced its proxy voting to RiskMetrics Group (RMG). The Funds have thus adopted RMG’s policies as their own.

Proxy Procedures - US: Artio Global Management LLC, the Adviser for the Artio Global Funds, has outsourced its proxy voting to RiskMetrics Group (RMG). The Funds have thus adopted RMG's policies as their own.

Press Release: Artio Global Funds’ 2009 final tax distributions

 

Distributions-Class A

    Income   Capital Gains   Total
Year Record
Date
Ex-dividend
Date
Payable
Date
  Distribution
($)
  Short Term
($)
Long Term
($)
  Distribution
($)
2009 12/28/09 12/29/09 12/30/09   0.88512   0.0 0.0   0.88512
2008 12/26/08 12/29/08 12/30/08   0.09548   0.0 0.0   0.09548
2007 12/26/07 12/27/07 12/28/07   0.07826   0.0 0.0   0.07826
2006 N/A N/A N/A   0.0   0.0 0.0   0.0
2005 N/A N/A N/A   0.0   0.0 0.0   0.0
2004 12/28/04 12/29/04 12/30/04   0.002174   0.0 0.0   0.002174

 

Distributions-Class I

    Income   Capital Gains   Total
Year Record
Date
Ex-dividend
Date
Payable
Date
  Distribution
($)
  Short Term
($)
Long Term
($)
  Distribution
($)
2009 12/28/09 12/29/09 12/30/09   0.95340   0.0 0.0   0.95340
2008 12/26/08 12/29/08 12/30/08   0.27346   0.0 0.0   0.27346
2007 12/26/07 12/27/07 12/28/07   0.19325   0.0 0.0   0.19325
2006 N/A N/A N/A   0.0   0.0 0.0   0.0
2005 12/27/05 12/28/05 12/28/05   0.00273   0.0 0.0   0.00273
2004 10/28/05 10/31/05 10/31/05   0.00846   0.0 0.0   0.00846

 

ICI Primary for the Artio Global Funds Year-end Distributions

Supplemental Tax Information for the Artio Global Funds

Principal Strategies

The Global Equity Fund seeks to achieve its goal by normally investing at least 80% of its net assets (including futures, options, swaps, other equity related instruments and borrowings for investment purposes) in equity securities of global issuers. To achieve its investment goal the Fund may use derivatives to a very substantial extent. The Fund will ordinarily invest at least 40% of its total assets in no fewer than three different countries outside the US. The Fund may also engage in active and frequent trading of portfolio securities to achieve its investment objective.

The Fund may invest in derivatives for hedging and non-hedging purposes.   Derivatives are financial instruments the value of which is derived from another security, a commodity (such as gold or oil), an index or a currency  (a measure of value or rates, such as the S&P 500 Index or the prime lending rate).The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy to reduce risk, such as interest rate risk, currency risk, and price risk. Such derivatives may include, but are not limited to, futures contracts, forward foreign exchange contracts (“forward contracts”), non-deliverable forwards, options, swaps, warrants and structured investments.

The Fund may invest up to 35% of its total net assets in the securities of issuers located in emerging markets. The Fund's investment in emerging market securities will remain consistent with its status as a diversified global equity fund.

Artio Global Management LLC (the "Adviser" or "Artio Global") uses both a bottom-up and top-down approach to select investments.  The Adviser generally uses a bottom up approach that focuses on company specific factors for selecting securities in developed markets. The Adviser generally uses a top-down approach for investments in emerging markets, indices and ETF’s, focusing on economic and geopolitical factors in a given area. The Adviser  generally uses a bottom-up and top-down approach in Japan. The Fund generally focuses on a multi-capitalization approach.

Risks

Please read the Fund's risks or consult the Fund's prospectus for more complete information on the special risks associated with investing in the Global Equity Fund, including, but not limited to: stock market risk, derivatives risk, emerging markets risk, leveraging risk, below investment grade securities, political risk, liquidity risk, foreign currency transaction risk, foreign investment risk, custody/sub-custody risk and regulatory risk. The Fund may substantially increase its use of derivatives in response to unusual market conditions.