- ISIN
- US04314H3451
- Issuer
- Artisan
- Inception Date
- Mar 30, 2022
- Category
- Nontraditional Bonds
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
APFPX Performance Chart
Artisan Global Unconstrained Fund (APFPX) is up 4.1% since the beginning of the year. APFPX is currently trading at $11 per share.
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Returns By Period
Artisan Global Unconstrained Fund (APFPX) has returned 4.09% so far this year and 11.47% over the past 12 months.
Artisan Global Unconstrained Fund
- 1D
- -0.18%
- 1M
- 0.11%
- YTD
- 4.09%
- 6M
- 4.40%
- 1Y
- 11.47%
- 3Y*
- 9.33%
- 5Y*
- —
- 10Y*
- —
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%
APFPX Monthly Returns History
Based on dividend-adjusted daily data since May 17, 2022, APFPX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 80% of months were positive and 20% were negative. The best month was Aug 2022 with a return of +2.5%, while the worst month was Jun 2022 at -1.0%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 2 months.
On a daily basis, APFPX closed higher 49% of trading days. The best single day was Feb 14, 2023 with a return of +0.6%, while the worst single day was Sep 28, 2022 at -0.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.96% | 1.87% | 0.06% | 0.22% | -0.16% | 0.09% | 4.09% | ||||||
| 2025 | 0.98% | 0.29% | 0.19% | -0.48% | 1.23% | 0.80% | 1.05% | 1.04% | 1.58% | 0.43% | 1.26% | 1.40% | 10.21% |
| 2024 | 1.48% | 1.60% | 1.79% | 1.06% | 0.47% | -0.66% | 0.48% | 0.12% | 0.84% | 1.61% | -0.06% | 2.06% | 11.33% |
| 2023 | 1.01% | 1.58% | -0.29% | 0.00% | 1.48% | 0.82% | 0.78% | -0.31% | 0.42% | 0.10% | 0.58% | 0.33% | 6.67% |
| 2022 | -0.05% | -0.98% | 0.68% | 2.47% | -0.01% | 1.28% | 1.86% | 1.33% | 6.73% |
Benchmark Metrics
Artisan Global Unconstrained Fund has an annualized alpha of 10.19%, beta of -0.03, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 17, 2022.
- This fund captured 16.06% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -25.39%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.03 may look defensive, but with R2 of 0.03 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 0.03 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
- 10.19%
- Beta
- -0.03
- R²
- 0.03
- Upside Capture
- 16.06%
- Downside Capture
- -25.39%
Expense Ratio
APFPX has a high expense ratio of 1.54%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
APFPX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Artisan Global Unconstrained Fund (APFPX) 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.
| APFPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.62 | ||
| Sortino ratioReturn per unit of downside risk | +4.07 | ||
| Omega ratioGain probability vs. loss probability | 2.16 | 1.37 | +0.79 |
| Calmar ratioReturn relative to maximum drawdown | 12.89 | 2.78 | +10.10 |
| Martin ratioReturn relative to average drawdown | 55.94 | 12.44 | +43.50 |
Dividends
Dividend History
Artisan Global Unconstrained Fund provided a 4.58% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.51 | $0.43 | $0.63 | $0.67 | $0.84 |
Dividend yield | 4.58% | 4.01% | 6.18% | 6.89% | 8.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Artisan Global Unconstrained Fund. 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 | $0.04 | $0.03 | $0.04 | $0.03 | $0.02 | $0.00 | $0.17 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.03 | $0.06 | $0.43 |
| 2024 | $0.05 | $0.03 | $0.04 | $0.05 | $0.05 | $0.04 | $0.06 | $0.05 | $0.04 | $0.05 | $0.04 | $0.13 | $0.63 |
| 2023 | $0.05 | $0.04 | $0.04 | $0.00 | $0.05 | $0.04 | $0.03 | $0.03 | $0.04 | $0.00 | $0.04 | $0.32 | $0.67 |
| 2022 | $0.00 | $0.01 | $0.03 | $0.03 | $0.03 | $0.04 | $0.66 | $0.04 | $0.84 |
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 Global Unconstrained Fund. 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 Global Unconstrained Fund was 2.10%, occurring on Mar 15, 2023. Recovery took 14 trading sessions.
The current Artisan Global Unconstrained Fund drawdown is 0.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -2.10%Mar 2023 | 13d | 20d | 1mo 3dMar 2023 - Apr 2023 |
2025 selloff2025 | -2.02%Apr 2025 | 21d | 1mo 11d | 2mo 2dMar 2025 - May 2025 |
Bear market2022 | -1.77%Jul 2022 | 16d | 1mo 5d | 1mo 21dJun 2022 - Aug 2022 |
Bear market2022 | -1.57%Oct 2022 | 6d | 17d | 23dSep 2022 - Oct 2022 |
2024 pullback2024 | -0.98%Jun 2024 | 24d | 2mo 21d | 3mo 15dMay 2024 - Sep 2024 |
Drawdown Indicators
| APFPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.10% | -56.78% | +54.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -9.10% | +8.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.02% | -18.90% | +16.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.80% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -10.71% | +10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 2.03% | -1.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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