Artisan Partners Growth Team Associate Portfolio Manager Cindy Mu discusses where the team is finding consumer-focused investment opportunities in the current market environment in the team’s series, 5 Questions in 5 Minutes.

This material represents the views and opinions of Cindy Mu as of 10 May 2023, which are based on current market conditions, will fluctuate, and are subject to change without notice. While the information contained herein is believed to be reliable, there is no guarantee to the accuracy or completeness of any statement in the discussion. This material is for informational purposes only and should not be considered as investment advice or a recommendation of any investment service, product or individual security. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.

This discussion is not intended to be a recommendation of any individual security. The holdings mentioned comprised the following percentages of a representative account within the Artisan Global Opportunities, Artisan Mid Cap, Artisan Global Discovery and Artisan Small Cap Composites’ total net assets as of 30 Jun 2023: Artisan Global Opportunities Strategy: Cie Financiere Richemont SA 1.6%, Chipotle Mexican Grill Inc, 2.8%; Artisan U.S. Mid-Cap Growth Strategy: Chipotle Mexican Grill Inc 3.8%; Artisan U.S Small-Cap Growth Strategy: Wingstop Inc 3.8%. Securities mentioned, but not listed here are not held in the portfolio as of the date of this report.