- ISIN
- US04314H7171
- CUSIP
- 04314H717
- Issuer
- Artisan
- Inception Date
- Mar 19, 2014
- Category
- High Yield Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
APDFX Performance Chart
Artisan High Income Fund Advisor Class (APDFX) is up 0.9% since the beginning of the year. APDFX is currently trading at $9 per share. Investors who bought $1,000 worth of APDFX shares 5 years ago would now be looking at an investment worth $1,228.
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Returns By Period
Artisan High Income Fund Advisor Class (APDFX) has returned 0.94% so far this year and 5.59% over the past 12 months. Over the last ten years, APDFX has returned 6.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Artisan High Income Fund Advisor Class
- 1D
- 0.00%
- 1M
- 0.83%
- YTD
- 0.94%
- 6M
- 1.66%
- 1Y
- 5.59%
- 3Y*
- 9.04%
- 5Y*
- 4.19%
- 10Y*
- 6.44%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
APDFX Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2014, APDFX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 70% of months were positive and 30% were negative. The best month was May 2020 with a return of +5.1%, while the worst month was Mar 2020 at -13.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, APDFX closed higher 40% of trading days. The best single day was Apr 9, 2020 with a return of +2.7%, while the worst single day was Mar 9, 2020 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.58% | -0.45% | -1.05% | 1.38% | 0.49% | 0.00% | 0.94% | ||||||
| 2025 | 1.37% | 0.52% | -0.78% | 0.39% | 2.02% | 1.34% | 0.51% | 1.02% | 0.56% | 0.26% | 0.02% | 0.82% | 8.32% |
| 2024 | 0.20% | 0.51% | 0.64% | -0.60% | 1.21% | 0.62% | 1.53% | 1.50% | 1.80% | -0.28% | 1.24% | -0.18% | 8.46% |
| 2023 | 4.92% | -0.91% | 0.88% | 1.08% | -1.55% | 2.42% | 1.37% | 1.00% | -0.85% | -0.95% | 4.31% | 3.45% | 15.98% |
| 2022 | -0.94% | -0.54% | -0.08% | -2.46% | -0.77% | -6.78% | 4.27% | -1.57% | -3.88% | 2.62% | 1.27% | -1.79% | -10.57% |
| 2021 | 0.59% | 0.86% | 0.77% | 1.03% | 0.46% | 0.93% | -0.04% | 0.31% | 0.60% | 0.02% | -2.99% | 1.44% | 3.99% |
Benchmark Metrics
Artisan High Income Fund Advisor Class has an annualized alpha of 3.95%, beta of 0.14, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since March 21, 2014.
- This fund participated in 33.46% of S&P 500 Index downside but only 33.22% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.24 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.24 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.95%
- Beta
- 0.14
- R²
- 0.24
- Upside Capture
- 33.22%
- Downside Capture
- 33.46%
Expense Ratio
APDFX has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
APDFX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Artisan High Income Fund Advisor Class (APDFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APDFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.78 | -0.73 |
| Martin ratioReturn relative to average drawdown | 9.21 | 12.44 | -3.23 |
Dividends
Dividend History
Artisan High Income Fund Advisor Class provided a 7.06% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.63 | $0.66 | $0.67 | $0.53 | $0.54 | $0.55 | $0.68 | $0.66 | $0.80 | $0.66 | $0.69 |
Dividend yield | 7.06% | 6.86% | 7.27% | 7.39% | 6.34% | 5.41% | 5.42% | 6.94% | 7.17% | 8.01% | 6.70% | 7.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Artisan High Income Fund Advisor Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.26 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.63 |
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.66 |
| 2023 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.67 |
| 2022 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.00 | $0.00 | $0.05 | $0.05 | $0.05 | $0.11 | $0.06 | $0.53 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.54 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Artisan High Income Fund Advisor Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Artisan High Income Fund Advisor Class was 21.52%, occurring on Mar 23, 2020. Recovery took 111 trading sessions.
The current Artisan High Income Fund Advisor Class drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.52%Mar 2020 | 1mo 4d | 5mo 8d | 6mo 12dFeb 2020 - Aug 2020 |
Bear market2022 | -14.64%Sep 2022 | 10mo 24d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
2016 pullback2016 | -8.29%Feb 2016 | 8mo 13d | 2mo 8d | 10mo 21dJun 2015 - Apr 2016 |
Rate-hike selloffLate 2018 | -6.18%Dec 2018 | 2mo 24d | 2mo 2d | 4mo 26dOct 2018 - Feb 2019 |
2014 pullback2014 | -4.59%Dec 2014 | 5mo 26d | 3mo 25d | 9mo 21dJun 2014 - Apr 2015 |
Drawdown Indicators
| APDFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.52% | -56.78% | +35.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -9.10% | +6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -3.30% | -18.90% | +15.60% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -25.43% | +10.79% |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | -33.92% | +12.40% |
Current DrawdownCurrent decline from peak | -0.11% | -1.80% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -10.71% | +8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.03% | -1.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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