- ISIN
- US04314H5688
- CUSIP
- 04314H568
- Issuer
- Artisan
- Inception Date
- Oct 3, 2016
- Category
- High Yield Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
APHFX Performance Chart
Artisan High Income Fund Class I (APHFX) is up 0.8% since the beginning of the year. APHFX is currently trading at $9 per share. Investors who bought $1,000 worth of APHFX shares 5 years ago would now be looking at an investment worth $1,199.
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Returns By Period
Artisan High Income Fund Class I (APHFX) has returned 0.76% so far this year and 5.69% over the past 12 months.
Artisan High Income Fund Class I
- 1D
- 0.11%
- 1M
- 0.50%
- YTD
- 0.76%
- 6M
- 1.48%
- 1Y
- 5.69%
- 3Y*
- 8.70%
- 5Y*
- 3.69%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
APHFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, APHFX's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 71% of months were positive and 29% were negative. The best month was May 2020 with a return of +5.1%, while the worst month was Mar 2020 at -13.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, APHFX closed higher 41% 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 -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.59% | -0.45% | -1.04% | 1.39% | 0.50% | -0.22% | 0.76% | ||||||
| 2025 | 1.38% | 0.53% | -0.77% | 0.40% | 2.03% | 1.35% | 0.51% | 1.02% | 0.57% | 0.26% | 0.03% | 0.83% | 8.43% |
| 2024 | 0.21% | 0.52% | 0.65% | -0.59% | 1.21% | 0.63% | 1.54% | 1.52% | 1.81% | -0.27% | 1.24% | -0.17% | 8.60% |
| 2023 | 4.93% | -0.91% | 0.89% | 0.46% | -1.54% | 2.42% | 1.37% | 0.34% | -0.84% | -1.74% | 4.32% | 3.54% | 13.77% |
| 2022 | -0.84% | -0.54% | -0.07% | -2.45% | -0.77% | -6.89% | 4.39% | -1.67% | -4.30% | 2.62% | 1.28% | -1.78% | -10.93% |
| 2021 | 0.70% | 0.87% | 0.78% | 0.93% | 0.56% | 0.94% | -0.03% | 0.32% | 0.61% | 0.03% | -2.98% | 1.35% | 4.09% |
Benchmark Metrics
Artisan High Income Fund Class I has an annualized alpha of 3.72%, beta of 0.14, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 35.27% of S&P 500 Index downside but only 31.43% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.25 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 0.25 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
- 3.72%
- Beta
- 0.14
- R²
- 0.25
- Upside Capture
- 31.43%
- Downside Capture
- 35.27%
Expense Ratio
APHFX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
APHFX ranks 60 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 Class I (APHFX) 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.
| APHFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.53 | -0.52 |
| Martin ratioReturn relative to average drawdown | 9.06 | 11.37 | -2.31 |
Dividends
Dividend History
Artisan High Income Fund Class I provided a 7.18% dividend yield over the last twelve months, with an annual payout of $0.65 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.65 | $0.64 | $0.67 | $0.50 | $0.49 | $0.55 | $0.61 | $0.63 | $0.66 | $0.79 |
Dividend yield | 7.18% | 6.96% | 7.39% | 5.56% | 5.83% | 5.50% | 6.01% | 6.44% | 7.25% | 7.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Artisan High Income Fund Class I. 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 | $0.06 | $0.05 | $0.06 | $0.00 | $0.27 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.64 |
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.67 |
| 2023 | $0.05 | $0.05 | $0.06 | $0.00 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.00 | $0.06 | $0.06 | $0.50 |
| 2022 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.05 | $0.11 | $0.06 | $0.49 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.55 |
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 Class I. 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 Class I was 21.51%, occurring on Mar 23, 2020. Recovery took 110 trading sessions.
The current Artisan High Income Fund Class I drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.51%Mar 2020 | 1mo 1d | 5mo 7d | 6mo 8dFeb 2020 - Aug 2020 |
Bear market2022 | -14.80%Oct 2022 | 11mo 8d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -6.27%Dec 2018 | 2mo 24d | 2mo 2d | 4mo 26dOct 2018 - Feb 2019 |
2025 selloff2025 | -3.29%Apr 2025 | 1mo 5d | 1mo 1d | 2mo 6dMar 2025 - May 2025 |
2026 pullback2026 | -2.74%Mar 2026 | 1mo 22d | 1mo 10d | 3mo 2dFeb 2026 - May 2026 |
Drawdown Indicators
| APHFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.51% | -56.78% | +35.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -9.10% | +6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -18.90% | +15.61% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -25.43% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.22% | -2.34% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -10.72% | +8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.02% | -1.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with APHFX
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