- ISIN
- US04314H8658
- Issuer
- Artisan
- Inception Date
- Jun 25, 2006
- Category
- Emerging Markets Diversified
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
APHEX Performance Chart
Artisan Sustainable Emerging Markets Fund (APHEX) is up 20.0% since the beginning of the year. APHEX is currently trading at $29 per share. Investors who bought $1,000 worth of APHEX shares 5 years ago would now be looking at an investment worth $1,454.
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Returns By Period
Artisan Sustainable Emerging Markets Fund (APHEX) has returned 19.99% so far this year and 46.03% over the past 12 months. Over the last ten years, APHEX has returned 10.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Artisan Sustainable Emerging Markets Fund
- 1D
- 0.97%
- 1M
- 2.63%
- YTD
- 19.99%
- 6M
- 21.33%
- 1Y
- 46.03%
- 3Y*
- 22.66%
- 5Y*
- 7.78%
- 10Y*
- 10.99%
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%
APHEX Monthly Returns History
Based on dividend-adjusted daily data since Jun 28, 2006, APHEX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +18.7%, while the worst month was Oct 2008 at -28.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, APHEX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +13.0%, while the worst single day was Oct 15, 2008 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.24% | 3.94% | -11.44% | 11.22% | 6.64% | -0.31% | 19.99% | ||||||
| 2025 | 3.80% | 0.28% | -0.00% | 2.21% | 6.33% | 7.58% | 0.95% | 4.83% | 6.71% | 3.35% | -2.23% | 2.88% | 42.86% |
| 2024 | -4.14% | 5.09% | 3.27% | -2.69% | 2.77% | 2.58% | 0.74% | 3.23% | 3.46% | -3.50% | -2.81% | -0.54% | 7.10% |
| 2023 | 11.57% | -4.96% | 3.86% | -1.44% | 2.05% | 3.76% | 4.94% | -5.12% | -4.02% | -3.66% | 8.62% | 3.10% | 18.50% |
| 2022 | -4.18% | -8.61% | -3.90% | -8.89% | 2.46% | -6.16% | 0.69% | -1.58% | -11.43% | 1.26% | 13.24% | -3.47% | -28.37% |
| 2021 | 2.46% | 1.37% | -2.81% | 4.53% | 0.95% | 1.79% | -3.48% | 0.19% | -6.28% | 3.17% | -3.19% | 1.39% | -0.46% |
Benchmark Metrics
Artisan Sustainable Emerging Markets Fund has an annualized alpha of -1.32%, beta of 0.88, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since June 28, 2006.
- This fund participated in 107.39% of S&P 500 Index downside but only 93.33% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.88 and R2 of 0.64, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.32%
- Beta
- 0.88
- R²
- 0.64
- Upside Capture
- 93.33%
- Downside Capture
- 107.39%
Expense Ratio
APHEX has a high expense ratio of 1.07%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
APHEX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Artisan Sustainable Emerging Markets Fund (APHEX) 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.
| APHEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.78 | +0.37 |
| Martin ratioReturn relative to average drawdown | 11.46 | 12.44 | -0.97 |
Dividends
Dividend History
Artisan Sustainable Emerging Markets Fund provided a 1.35% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.21 | $0.08 | $0.15 | $0.17 | $0.25 | $0.17 | $0.08 | $0.08 | $0.09 |
Dividend yield | 1.35% | 1.62% | 1.23% | 0.49% | 1.05% | 0.87% | 1.23% | 1.04% | 0.57% | 0.47% | 0.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Artisan Sustainable Emerging Markets 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.17 |
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 Sustainable Emerging Markets 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 Sustainable Emerging Markets Fund was 66.36%, occurring on Nov 20, 2008. Recovery took 2306 trading sessions.
The current Artisan Sustainable Emerging Markets Fund drawdown is 1.55%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -66.36%Nov 2008 | 1y 20d | 9y 2mo | 10y 2moNov 2007 - Jan 2018 |
Bear market2022 | -43.20%Oct 2022 | 1y 7mo | 2y 9mo | 4y 5moFeb 2021 - Jul 2025 |
COVID crash2020 | -38.71%Mar 2020 | 2y 1mo | 7mo 21d | 2y 9moJan 2018 - Nov 2020 |
2007 correction2007 | -18.42%Aug 2007 | 23d | 1mo 16d | 2mo 9dJul 2007 - Oct 2007 |
2026 correction2026 | -14.48%Mar 2026 | 1mo 2d | 1mo 7d | 2mo 9dFeb 2026 - May 2026 |
Drawdown Indicators
| APHEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.36% | -56.78% | -9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -9.10% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.59% | -18.90% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -41.76% | -25.43% | -16.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.20% | -33.92% | -9.28% |
Current DrawdownCurrent decline from peak | -1.55% | -1.80% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -10.71% | -11.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.03% | +1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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