Portfolio managers Bryan Krug and Seth Yeager introduce the newly launched Artisan Floating Rate Fund.

< All Investor Updates

This audio recording should be reviewed in conjunction with the accompanying slide presentation, which contains standardized fund performance, portfolio holdings and other important information. Access “Slides” to view.

This investor update represents the views and opinions of the portfolio managers Bryan Krug and Seth Yeager as of 2 Dec 2021, 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. Securities mentioned, but not listed here or in the investor update presentation are not held in the Fund as of the date of this report.

Clarification: As of the 2 Dec 2021, the management fee of the Artisan High Income Fund is 69 basis points, 1 basis point more than the Artisan Floating Rate Fund (68 basis points).

Mergers & Acquisitions (M&A); Emerging Market Debt (EMD); Global Financial Crisis (GFC). 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%. EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance. Leveraged Buyout (LBO) is the acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition. Enterprise Value (EV) is an economic measure reflecting the market value of a business. It is the sum of claim by all claimants: creditors and shareholders. Loan-to-value (LTV) is the amount of borrowed money divided by the value of the asset securing the loan. Yield to Call (YTC) is a financial term that refers to the return a bondholder receives if the bond is held until the call date, which occurs sometime before it reaches maturity. Secured Overnight Financing Rate (SOFR) is a secured interbank overnight interest rate and reference rate established as an alternative to LIBOR. Investment Grade (IG) refers to the quality of a company's credit. To be considered an investment grade issue, the company must be rated at 'BBB' or higher by Standard and Poor's or Moody's. Anything below this 'BBB' rating is considered non-investment grade.

Past performance does not guarantee future results. Current and future portfolio holdings are subject to risk.