In the second quarter of 2026, the Artisan Value Income Fund delivered a commendable total return, though it modestly underperformed the overall US equity market's robust growth. This performance was a result of a dynamic interplay between various portfolio holdings.

Artisan Value Income Fund: Q2 2026 Performance Highlights

The Artisan Value Income Fund, overseen by Portfolio Manager Thomas A. Reynolds IV, recently published its performance commentary for the second quarter of 2026, with data current as of June 30, 2026. The fund, which includes Investor Class (APFWX), Advisor Class (APDWX), and Institutional Class (APHWX) shares, navigated a period of advancement in US equities.

Despite generating a solid total return, the fund’s performance trailed that of the broader US equity market during this period. The commentary highlighted both the top and bottom contributors to the portfolio's returns, offering insights into the factors influencing its performance.

Among the top five contributors to the fund’s returns in Q2 2026 were prominent companies such as Texas Instruments, NXP Semiconductors, Lamar Advertising, nVent Electric, and Masco. These holdings played a significant role in bolstering the portfolio's overall positive trajectory.

Conversely, some holdings acted as notable detractors, impacting the fund's relative performance. The bottom five contributors to return for the quarter included Accenture, EOG Resources, Permian Resources, Comcast, and Salesforce. Understanding the movements of these key assets is crucial for comprehending the fund's standing against market benchmarks.

The second quarter of 2026 underscored the complexities of active portfolio management within a dynamic market. While the Artisan Value Income Fund achieved a positive return, its slight underperformance relative to the broader US equity market serves as a reminder of the challenges in consistently outpacing benchmarks. Investors might reflect on the strategic allocations that led to the outperformance of certain sectors and the headwinds faced by others, particularly in a period characterized by notable shifts in market leadership. This report provides a valuable lens through which to evaluate the fund's investment philosophy and its adaptability to evolving market conditions, especially for those focused on income-generating assets within their portfolios.