Management & Investment Process

Management

The investment team leverages high degrees of experience and knowledge within a disciplined investment process. Learn more about the Team.
  • Michael A. Cirami, CFA
  • Portfolio Manager
  • 23Years Investment
    Experience
  • Sarah C. Orvin, CFA
  • Portfolio Manager
  • 14Years Investment
    Experience

Investment Process

The team applies in-depth fundamental research and employs robust operational capabilities across a broad opportunity set to uncover knowledge gaps in global markets. By exploiting knowledge gaps, the team is well positioned to discover idiosyncratic opportunities that provide compelling risk-adjusted return potential.

Organizational Structure

  • Flat and collaborative structure
  • Portfolio managers and analysts focus on idea generation
  • Trading and implementation are embedded within the investment team

Idea Generation Through Broad Investment Universe

  • Constantly perform fundamental country research and monitor financial markets
  • Country research seeks to understand policy environment and how important policy moments may alter the investment environment
  • Corporate analysis includes decomposing yields and examining corporate liquidity and solvency risks
  • Integrated environmental, social and governance (ESG) analysis at the country and corporate levels
  • Broad spectrum of global markets with investable assets from more than 100 countries across asset classes

Portfolio Implementation

  • Investment opportunities analyzed from a risk factor perspective—the forces that drive securities and instruments prices
  • Investment team and trading consider which instruments provide optimal risk-adjusted return
  • Trading and implementation expands the investment universe by understanding and overcoming investment barriers
Domicile Ireland
Adviser Artisan Partners Limited Partnership
Management Fee
Class I 0.70%
Class A 1.40%
Currency/Share Class Inception Minimum Investment ISIN
Class I USD 20 Jul 2022 $500,000 IE000UCJ6UF4
Class I EUR €500,000 IE000RJTVB08
Class I GBP £500,000 IE000PCZYR32
Class I AUD A$500,000 IE000NJ8HYO1
Class A USD $10,000 IE000CLQLO50
Class I Distributing USD $500,000 IE000F7RJQD2
Class I Distributing EUR €500,000 IE000I54UPX8
Class I Distributing GBP £500,000 IE00091XYKV6

Investment Results (%)

5 October 2022 30 September 2022
NAV Change (%) QTD YTD 1 Yr 3 Yr 5 Yr 10 Yr Inception
Class I USD 9.93 -0.50 -2.20 -2.20
J.P. Morgan GBI-EM Global Diversified Index (USD) -2.18 -2.18
5 October 2022 30 September 2022
NAV Change (%) QTD YTD 1 Yr 3 Yr 5 Yr 10 Yr Inception
Class I USD 9.93 -0.50 -2.20 -2.20
J.P. Morgan GBI-EM Global Diversified Index (USD) -2.18 -2.18
Returns for periods less than one year are not annualized. 

Past performance does not predict future returns. Performance is NAV to NAV, including reinvestment of dividends and capital gains, if any, and is net of fees and expenses, excluding any subscription or redemption charges which may be levied. At the moment, the Fund does not intend to charge subscription or redemption fees. The Fund may be offered in different share classes, which are subject to different fees, expenses and inception dates (which may affect performance), have different minimum investment requirements and are entitled to different services. Funds are actively managed and are not managed to a benchmark index. 

Investment Risk: Investments will rise and fall with market fluctuations and investor capital is at risk. Investors investing in investment vehicles denominated in non-local currency should be aware of the risk of currency exchange fluctuations that may cause a loss of principal. These risks, among others, are further described in the Important Disclosures section which should be read in conjunction with this material. 
A non-diversified portfolio may invest a larger portion of assets in securities of a smaller number of issuers and performance of a single issuer may affect overall portfolio performance greater than in a diversified portfolio. The portfolio’s use of derivative instruments may create additional leverage and involve risks different from, or greater than, the risks associated with investing in more traditional investments. High portfolio turnover may adversely affect returns due to increased transaction costs and creation of additional tax consequences. 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. International investments involve special risks that may in particular cause a loss in principal, 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. The costs associated with an investment will impact your return over time. These risks, among others, are further described in the Fund Documents. 

This is a marketing communication. Further fund details, including risks, fees and expenses, and other information, such as ESG practices, are set out in the current Prospectus, Supplements, Key Investor Information Documents (KIIDs) and other documentation (collectively, the Fund Documents), which can be obtained by calling +44 (0) 207 766 7130 or visiting www.apgfunds-docs.com. Please refer to the Fund Documents and consider all of a fund’s characteristics before making any final investment decisions.

Performance Source: Artisan Partners/JPM. 

J.P. Morgan GBI-EM (Government Bond Index-Emerging Market) Global Diversified Index is an index of local-currency bonds with maturities of more than one year issued by EM governments. The index(es) are unmanaged; include net reinvested dividends; do not reflect fees or expenses; and are not available for direct investment. 

Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan's prior written approval. Copyright 2022, J.P. Morgan Chase & Co. All rights reserved. 

Artisan Partners Limited Partnership is the investment manager of Artisan Partners Global Funds Plc (APGF), an umbrella type open-ended investment company with variable capital having segregated liability between its sub-funds, incorporated with limited liability and authorized in Ireland by the Central Bank of Ireland as an Undertaking for Collective Investments in Transferable Securities (UCITS) under registration number 485593. Artisan Partners UK LLP is the distributor for APGF.