Q1 2021 Artisan Partners Global Equity Fund-First Quarter 2021 Update
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Artisan High Income Fund
Q1 2021 Artisan Partners Global Equity Fund—First Quarter 2021 Update
Featured Speakers
Jamie Sandison Claudia Corra
Portfolio Specialist Analyst
This is an offering of shares of an Artisan Fund and does not create a relationship between the investor and Artisan Partners. The Notes and Disclosures section of this presentation contains
important information. Readers are encouraged to review it carefully.Artisan Global Equity Fund
Investment Results—Average Annual Total Returns
Annual Report1 / Prospectus2
Expense Ratio—Investor Shares 1.26% / 1.27%
1Audited.
For the fiscal year ended 30 Sep 2020. 2Restated to reflect a reduction in
management fees, effective as of 15 Nov 2019. See prospectus for further details.
Past performance does not guarantee and is not a reliable indicator of future results. Investment returns and principal values will fluctuate so that an investor's shares, when redeemed, may be worth more or less
than their original cost. Current performance may be lower or higher than that shown. Call 800.344.1770 for current to most recent month-end performance. Performance may reflect agreements to limit a Fund’s
expenses, which would reduce performance if not in effect.
Source: MSCI. Returns less than one year are not annualized. Fund inception: 29 Mar 2010.
ARTISAN PARTNERS 1Artisan Global Equity Fund
Risk/Return and Up/Down Capture
Artisan Global Equity Fund vs. MSCI All Country World Index
3 Yr 5 Yr 10 Yr Inception
Alpha (Annualized) 4.8 4.8 4.0 3.9
Information Ratio 0.7 0.7 0.8 0.7
Sharpe Ratio (Annualized) 0.9 1.1 0.9 0.9
Performance Up/Down Market Capture (%)
125%
100%
Since Inception
75%
50% 104%
25%
83%
0%
Upside Downside
3 Yr 91.6 67.9
5 Yr 98.7 70.7
10 Yr 103.4 81.2
Inception 103.7 82.7
Source: Artisan Partners/Morningstar Direct/MSCI. As of 31 Mar 2021. Past performance does not guarantee and is not a reliable indicator of future results. Inception: 29 Mar 2010. Statistics based on Morningstar’s proprietary calculations, using monthly net returns for the Artisan Global Equity Fund
Investor Shares. Alpha is a quantitative measure of the volatility of the portfolio relative to a designated index. A positive alpha of 1.0 means the fund has outperformed its designated index by 1%. Correspondingly, a similar negative alpha would indicate an underperformance of 1%. Information Ratio is a measure
that indicates the average return minus the benchmark return divided by the tracking error of an investment. Sharpe Ratio is a measure that indicates the average return minus the risk-free return divided by the standard deviation of return on an investment. Upside/Downside Capture based on average monthly
returns during months when the index was positive and negative, respectively.
ARTISAN PARTNERS 2Artisan Global Equity Fund Contribution to Return—Q1 2021 and 1 Yr Q1 2021 1 Yr Top Top Johnson Controls International Industrials Halozyme Therapeutics Health Care Ozon Holdings (sold) Consumer Discretionary Amazon.com Consumer Discretionary Alphabet Communication Services Vertiv Holdings Industrials AIXTRON Information Technology Genmab Health Care Illumina (sold) Health Care Immunomedics (sold) Health Care Bottom Bottom ACADIA Pharmaceuticals Health Care ACADIA Pharmaceuticals Health Care CM.com Information Technology eHealth (sold) Financials Jeol Health Care Wirecard (sold) Information Technology SVMK Information Technology UCB Health Care Ascendis Pharma Health Care SVMK Information Technology Source: Artisan Partners/FactSet/GICS. As of 31 Mar 2021. Past performance does not guarantee and is not a reliable indicator of future results. These securities made the greatest contribution to, or detracted most from, performance during the period. This is not a complete listing of portfolio activity. Upon request, Artisan will provide: (i) the calculation methodology and/or (ii) a list showing the contribution of each holding to overall performance during the measurement period. Securities of the same issuer are aggregated to determine the weight in the portfolio. Refer to Portfolio Holdings for security weights. The holdings mentioned above comprised the following average weights in the portfolio during the Q1 2021 time period: Johnson Controls International PLC 2.9%, Ozon Holdings PLC 0.5%, Alphabet Inc 2.4%, AXITRON SE 1.4%, Illumina Inc 0.6%, Ascendis Pharma A/S 1.1%, SVMK Inc 1.1%, Jeol Ltd 2.1%, CM.com NV 1.6%, ACADIA Pharmaceuticals Inc 2.1%. The holdings mentioned above comprised the following average weights in the portfolio during the one-year time period: Halozyme Therapeutics Inc 3.2%, Amazon.com Inc 3.3%, Vertiv Holdings Co 2.8%, Genmab A/S 1.7%, Immunomedics Inc 0.4%, SVMK Inc 0.9%, UCB SA 0.9%, Wirecard AG 0.2%, eHealth Inc 0.1%, ACADIA Pharmaceuticals Inc 2.0%. ARTISAN PARTNERS 3
Artisan Global Equity Fund Portfolio Holdings (% of total portfolio) Source: GICS. As of 31 Mar 2021. Cash represented -2.4% of the total portfolio at 31 Mar 2021. Securities of the same issuer are aggregated to determine the weight in the portfolio. ARTISAN PARTNERS 4
Artisan Partners Notes and Disclosures This section of this presentation contains information important to a complete understanding of the material presented. Please review it carefully. Carefully consider the Fund’s investment objective, risks and charges and expenses. This and other important information is contained in the Fund's prospectus and summary prospectus, which can be obtained by visiting www.artisanpartners.com/prospectus. Read carefully before investing. These materials are presented in connection with an offer of the shares of a Fund in the series of Artisan Partners Funds, Inc. These materials are not an offer for any other mutual fund mentioned. A purchase of shares of an Artisan Partners Fund does not create an investment advisory relationship between the investor and Artisan Partners Limited Partnership, the investment adviser to the Fund. In addition to acting as investment adviser to the Fund, Artisan Partners provides institutional investment management services. Artisan Global Equity Fund Current and future portfolio holdings are subject to risk. International investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging markets. Securities of small- and medium-sized companies tend to have a shorter history of operations, be more volatile and less liquid and may have underperformed securities of large companies during some periods. Growth securities may underperform other asset types during a given period. This material may include the views of the investment team and other information relating to the portfolio and portfolio securities. While we believe the data accurately reflects the investment process, this information is presented as of the date indicated and will change over time. MSCI All Country World Index measures the performance of developed and emerging markets. The index(es) are unmanaged; include net reinvested dividends; do not reflect fees or expenses; and are not available for direct investment. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI. Totals may not sum due to rounding. All data shown is in USD unless otherwise indicated. Morningstar data ©2021, Morningstar, Inc. All Rights Reserved. Morningstar data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Portfolio Statistics: Portfolio statistics are intended to provide a general view of the entire portfolio, or Index, at a certain point in time. Statistics are calculated using information obtained from various data sources. Artisan Partners excludes outliers when calculating portfolio statistics. If information is unavailable for a particular security Artisan may use data from a related security to calculate portfolio statistics. Sector Allocation: Sector exposure percentages reflect sector designations as currently classified by GICS. The Global Industry Classification Standard (GICS®) is the exclusive intellectual property of MSCI Inc. (MSCI) and Standard & Poor’s Financial Services, LLC (S&P). Neither MSCI, S&P, their affiliates, nor any of their third-party providers (“GICS Parties”) makes any representations or warranties, express or implied, with respect to GICS or the results to be obtained by the use thereof, and expressly disclaim all warranties, including warranties of accuracy, completeness, merchantability and fitness for a particular purpose. The GICS Parties shall not have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of such damages. Portfolio Holdings: For the purpose of determining the portfolio's holdings, securities of the same issuer are aggregated to determine the weight in the portfolio. For an index, the largest holdings are calculated at the security level and do not aggregate securities held by an issuer. Holdings information is not intended to represent or predict portfolio investment performance or as a recommendation of any individual security. A complete list of the securities held by portfolio, other than cash and cash equivalents unless otherwise noted, as of the date indicated is included. Securities named in this material, but not listed within the portfolio holdings page were not held as of the date reported. Portfolio holdings are subject to change without notice. This listing is for informational purposes only and may not be identical to the official books and records of the Fund. Security names may not represent the official legal corporate name. Please refer to the Fund's most recent Annual Report for an audited portfolio holdings list. This material is provided for informational purposes without regard to your particular investment needs. This material shall not be construed as investment or tax advice on which you may rely for your investment decisions. Investors should consult their financial and tax adviser before making investments in order to determine the appropriateness of any investment product discussed herein. We expressly confirm that neither Artisan Partners nor its affiliates have made or are making an investment recommendation, or have provided or are providing investment advice of any kind whatsoever (whether impartial or otherwise), in connection with any decision to hire Artisan Partners as an investment adviser, invest in or remain invested in any funds to which we serve as investment adviser or otherwise engage with Artisan Partners in a business relationship. In no event shall Artisan Partners have any liability for direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) losses or any other damages resulting from the use of this material. Artisan Partners Funds offered through Artisan Partners Distributors LLC (APDLLC), member FINRA. APDLLC is a wholly owned broker/dealer subsidiary of Artisan Partners Holdings LP. Artisan Partners Limited Partnership, an investment advisory firm and adviser to Artisan Partners Funds, is wholly owned by Artisan Partners Holdings LP. © 2021 Artisan Partners. All rights reserved. This material may not be reproduced or distributed without Artisan Partners' permission. ARTISAN PARTNERS For Financial Advisor Use Only. Not for Distribution to the Public. 5
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