San Francisco, California. Artisan Developing World Fund recently celebrated its two-year anniversary. The Fund is managed by Lewis S. Kaufman, founding portfolio manager of the Developing World Team and a managing director of Artisan Partners. The Fund recently received a Morningstar Analyst RatingTM of Bronze, as well as inclusion on the Morningstar FundInvestor 500 List which highlights the industry’s “best and most notable” funds. A link to Morningstar’s Analyst Report can be found here: Morningstar—Artisan Developing World Fund Analyst Report. As of 30 Jun 2017, the Fund had total net assets of $1.4 billion and returned 9.26% (Investor Shares, annualized since inception) versus 5.03% for the MSCI Emerging Markets Index. The Fund’s return averaged 3.45% in up months since inception (Index average: 3.43%) and -3.54% in down months since inception (Index average: -4.46%)1. The Fund seeks to capitalize on opportunities in developing world economies by investing in companies that compound business value over a market cycle, while implementing a forward-looking construct for managing risk."

1Based on monthly returns for the Fund’s Investor Shares beginning with July 2015, the first full month since inception. Upside/Downside average returns represent average monthly returns during months when the index was positive and negative, respectively.

As of 30 June 2017

Investment Results (%) YTD1 1 YR Inception Expense Ratio
Investor Class: ARTYX 21.72 25.30 9.26 1.53/1.502
MSCI Emerging Markets Index 18.43 23.75 5.03

Source: Artisan Partners/MSCI. Inception Date: 29 Jun 2015. 1 Returns for periods less than one year are not annualized. 2Reflects a contractual Fund expense reimbursement agreement in effect through 31 Jan 2018. See prospectus for more information.

Past performance does not guarantee and is not a reliable indicator of future results. The investment return and principal value of an investment in the Fund will fluctuate, so that an investor’s shares in the Fund, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance reflects agreements to limit the Fund’s expenses, which would reduce performance if not in effect.

For further information on Artisan Developing World Fund, including current to most recent month-end performance, investment risks, and Fund expenses, visit our fund profile page here.

The Morningstar FundInvestor 500 is a subjective list by Russel Kinnel, editor of Morningstar FundInvestor. The FundInvestor 500 is a subset of Morningstar’s coverage list. For further information on the Morningstar Analyst Rating, click here.

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