Equity

Multi-Asset

Bond

Real Estate

Alternatives

Commodity

The fund’s investment team employs a fundamental investment process to construct a diversified portfolio of equity securities across a broad capitalization range. The team seeks to invest in companies that are undervalued, in solid financial condition and have attractive business economics. The fund may invest up to 30% of its total assets at market value at the time of purchase in securities of non-U.S. issuers (including depositary receipts).

APFWX

The investment seeks maximum long-term capital growth. The fund’s investment team employs a fundamental investment process to construct a diversified portfolio of securities of undervalued, primarily non-U.S. small companies. It may invest to a limited extent in debt securities (including lower-rated securities) which include securities rated below investment grade (below BBB- by S&P or Fitch or below Baa3 by Moody’s, or comparably rated by another NRSRO, or unrated but determined by Artisan Partners to be of comparable quality and convertible debt securities of U.S. and non-U.S. issuers that meet the fund’s investment criteria.

ARHBX

The investment seeks to provide total return through a combination of current income and capital appreciation. Under normal circumstances, the fund will invest primarily in instruments that are rated, at the time of purchase, below investment grade (below BBB- by Standard & Poor's Rating Services ("S&P") or Fitch, Inc. ("Fitch") or below Baa3 by Moody's Investors Service, Inc. ("Moody's")), or comparably rated by another nationally recognized statistical rating organization ("NRSRO"), or unrated but determined by Artisan Partners to be of comparable quality.

ARTFX

The investment seeks maximum long-term capital growth. The fund's investment team employs a fundamental investment process to construct a diversified portfolio of securities of undervalued U.S. and non-U.S. companies. The team seeks to invest in what the team considers to be high quality, undervalued companies with strong balance sheets and shareholder-oriented management teams. Under normal market conditions, the fund primarily invests in common stocks and other equity securities, both within and outside the U.S.

ARTGX

The investment seeks maximum long-term capital growth. The fund invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in equity securities or instruments that have similar economic characteristics. It may invest in securities both within and outside the U.S., including emerging and less developed markets. Securities in which the fund may invest may include common stocks, preferred stocks, convertible securities, depositary receipts and rights and warrants to buy common stocks.

ARTHX

The investment seeks maximum long-term capital growth. The fund invests primarily in developed markets but also may invest up to 35% of the fund's total assets at market value at the time of purchase in emerging and less developed markets. Under normal market conditions, it is substantially fully invested in common stocks and similar securities, and invests at least 65% of its net assets at market value at the time of purchase in securities of non-U.S. companies.

ARTIX

The investment seeks maximum long-term capital growth. Under normal circumstances, the fund invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in common stocks and other securities of small- and mid-cap companies. Under normal market conditions, it will invest at least 65% of its total assets at market value at the time of purchase in securities of non-U.S. companies. The fund invests in developed markets and emerging and less developed markets.

ARTJX

The focus of the investment process is on individual companies, not on selection of countries or regions. Under normal market conditions, the fund invests no less than 80% of its total assets (excluding cash and cash equivalents), measured at market value at the time of purchase, in common stocks and other securities of non-U.S. companies. The fund invests primarily in developed markets but also may invest in emerging and less developed markets.

ARTKX

The investment seeks maximum long-term capital growth. The fund may invest up to 25% of its total assets at market value at the time of purchase in securities of non-U.S. issuers (including depositary receipts). Its investments in non-U.S. securities may include investments in developed markets, as well as emerging and less developed markets. The fund invests in common stocks and other securities of companies across a broad capitalization range.

ARTLX

The fund normally invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in the common stocks of medium-sized companies. The advisor defines a medium-sized company as one with a market capitalization greater than the market capitalization of the smallest company in the Russell Midcap Index and less than three times the weighted average market capitalization of companies in the index.

ARTMX

The investment seeks maximum long-term capital growth. The fund normally invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in the common stocks of medium-sized companies. The advisor defines a medium-sized company as one with a market capitalization greater than the market capitalization of the smallest company in the Russell Midcap Index and less than three times the weighted average market capitalization of companies in that index.

ARTQX

The investment seeks maximum long-term capital growth. The fund's investment team employs a fundamental investment process to construct a diversified portfolio of U.S. small-cap growth companies. It invests primarily in U.S. companies and, under normal circumstances, the fund invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in the common stocks of small companies.

ARTSX

The investment seeks maximum long-term capital appreciation. The fund's investment approach is based on idea generation, a systematic framework for analyzing companies and proactive risk management. It may invest up to 50% of its total assets at market value at the time of purchase in securities of non-U.S. companies (including depositary receipts). The fund is non-diversified.

ARTTX

The fund's investment team employs a fundamental investment process to construct a diversified portfolio of securities that offers exposure to developing world economies. In pursuit of this goal, the team generally invests substantially in equity securities of issuers domiciled in or economically tied to countries the team considers to have characteristics typical of the developing world. Under normal circumstances, the fund invests substantially in equity securities of issuers domiciled in or economically tied to one or more markets in the developing world.

Symbol	Full name	Category	Inception	Expense Ratio	YTD Ret.	10Y Ann. Ret.	Div. Yield	Max. Drawdown	Sharpe Ratio
APFWX	Artisan Value Income Fund	Large Cap Value Equities	Feb 28, 2022	1.20%	-0.8%	-7.4%	3.0%	-19.0%	-0.3
ARHBX	Artisan International Explorer Fund	Foreign Small & Mid Cap Equities	May 15, 2022	1.35%	12.4%	8.1%	0.1%	-18.1%	0.4
ARTFX	Artisan High Income Fund	High Yield Bonds	Mar 19, 2014	0.96%	3.9%	5.0%	10.2%	-21.4%	-0.2
ARTGX	Artisan Global Value Fund	Global Equities	Dec 9, 2007	1.25%	11.8%	7.1%	3.4%	-49.9%	0.3
ARTHX	Artisan Global Equity Fund	Global Equities	Mar 28, 2010	1.28%	0.9%	7.2%	0.9%	-37.4%	0.2
ARTIX	Artisan International Fund	Foreign Large Cap Equities	Dec 27, 1995	1.19%	6.8%	3.9%	2.4%	-61.2%	0.3
ARTJX	Artisan International Small-Mid Fund	Foreign Small & Mid Cap Equities	Dec 20, 2001	1.28%	4.4%	4.8%	0.0%	-64.4%	0.2
ARTKX	Artisan International Value Fund	Foreign Large Cap Equities	Sep 23, 2002	1.25%	10.6%	7.3%	1.9%	-51.9%	0.7
ARTLX	Artisan Value Fund	Large Cap Value Equities	Mar 27, 2006	1.05%	8.5%	8.8%	16.4%	-57.9%	0.2
ARTMX	Artisan Mid Cap Fund	Mid Cap Growth Equities	Jun 27, 1997	1.18%	10.9%	9.6%	0.3%	-62.3%	0.2
ARTQX	Artisan Mid Cap Value Fund	Mid Cap Value Equities	Mar 28, 2001	1.21%	3.3%	6.3%	20.6%	-52.7%	-0.0
ARTSX	Artisan Small Cap Fund	Small Cap Growth Equities	Mar 28, 1995	1.19%	1.4%	9.5%	0.3%	-62.8%	0.2
ARTTX	Artisan Focus Fund	Large Cap Growth Equities	Apr 24, 2017	1.27%	7.1%	15.7%	0.3%	-31.6%	0.1
ARTYX	Artisan Developing World Fund	Emerging Markets Diversified	Jun 28, 2015	1.28%	19.1%	7.8%	0.1%	-59.6%	0.5

Artisan Partners Funds Mutual Funds List

Risk vs. Return Scatterplot