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HW3 - F in 511 ent Assignment#3 oo-Seon Park ouksakhone...

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ent: Assignment #3 Fin 511 oo-Seon Park ouksakhone Douangvichit un (Leslie) Ryu
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Artisan Small Cap (ARTSX)  The Artisan Small Cap Fund yields an annual rate of return of 6.03% and 2.61% as the arithmetic mean and geometric mean, respectively. With a beta of 1.20 and a standard deviation of .26, the fund is composed of 76.3% systematic risk and 23.7% unsystematic risk. The fund’s Sharpe Ratio is .11, which is relatively low and fits accordingly due to the high-risk nature of investing in small growth stocks. Brandywine (BRWIX)  The Brandywine Fund yields an annual rate of return of 5.17% and 2.90% as the arithmetic mean and geometric mean, respectively. With a beta of .88 and a standard deviation of .21, the fund is composed of 61.08% of systematic risk and 38.92% of unsystematic risk. The fund’s Sharpe Ratio is .10, which is representative of a mid-cap fund that seeks good management. Dodge & Cox (DODGX)  The Dodge & Cox Fund yields an annual rate of return of 8.77% and 6.77% as the arithmetic mean and geometric mean, respectively. With a beta of .91 and a standard deviation of .20, the fund is composed of 75.92% of systematic risk and 24.08% of unsystematic risk. The fund’s Sharpe Ratio is relatively high which reflects the fund’s goal of investing in stocks with sound growth potential.
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