Morningstar Ratings

Growth Sustainable Emerging Markets
Global Equity Credit
U.S. Value Developing World
International Value Antero Peak Group
Global Value
Ratings/Funds in Category
31 August 2022
Team Fund Name Category 3 Yr 5 Yr 10 Yr Overall Analyst Rating
Global Opportunities (ARTRX) Global Large-Stock Growth 306 271 178 306 Bronze
Global Discovery (APFDX) Global Large-Stock Growth 306 271 306 Bronze
Mid Cap (ARTMX) Mid-Cap Growth 533 489 379 533 Bronze
Small Cap (ARTSX) Small Growth 583 534 399 583 Bronze
Global Equity (ARTHX) Global Large-Stock Growth 306 271 178 306
International (ARTIX) Foreign Large Growth 390 344 222 390
International Small-Mid (ARTJX) Foreign Small/Mid Growth 129 116 73 129 Bronze
Value (ARTLX) Large Value 1154 1082 785 1154
Mid Cap Value (ARTQX) Mid-Cap Value 392 362 269 392
International Value (ARTKX) Foreign Large Blend 699 607 418 699 Silver
Global Value (ARTGX) Global Large-Stock Value 156 145 89 156 Silver
Sustainable Emerging Markets (ARTZX) Diversified Emerging Mkts 723 638 365 723
High Income (ARTFX) High Yield Bond 630 576 630 Silver
Developing World (ARTYX) Diversified Emerging Mkts 723 638 723 Bronze
Focus (ARTTX) Large Growth 1140 1052 1140
Morningstar ratings are based on risk-adjusted returns, are historical and do not represent future results. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-year, five-year, and ten-year (if applicable) Morningstar Ratings metrics. 

The Morningstar Analyst Rating scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. Funds which have not been rated by Morningstar or have been rated Negative or Neutral are not rated above. The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research.  View Important Disclosures below for further details. 

Growth Sustainable Emerging Markets
Global Equity Credit
U.S. Value Developing World
International Value Antero Peak Group
Global Value
Lipper Percentile/Ranking
30 June 2022
Team Fund Name Category 1 Yr 3 Yr 5 Yr 10 Yr Inception
Global Opportunities (ARTRX) Global Multi-Cap Growth
69th
144/209
46th
87/190
50th
87/174
12th
13/116
6th
4/77
Global Discovery (APFDX) Global Small-/Mid-Cap
52nd
80/155
23rd
31/135
4th
4/115
Mid Cap (ARTMX) Multi-Cap Growth
61st
223/367
36th
118/328
33rd
99/301
48th
113/238
2nd
1/58
Small Cap (ARTSX) Small-Cap Growth
91st
647/711
91st
616/680
43rd
269/628
43rd
193/456
72nd
37/51
Global Equity (ARTHX) Global Multi-Cap Growth
77th
120/155
87th
118/135
50th
56/113
58th
40/68
37th
17/45
International (ARTIX) International Large-Cap Growth
48th
162/338
92nd
276/299
77th
215/279
71st
131/184
4th
1/25
International Small-Mid (ARTJX) International Small/Mid-Cap Growth
71st
155/219
19th
40/217
8th
14/187
31st
36/117
13th
5/38
Value (ARTLX) Multi-Cap Value
84th
529/631
25th
145/601
48th
268/560
72nd
278/389
33rd
88/271
Mid Cap Value (ARTQX) Mid-Cap Value
88th
184/209
79th
155/197
68th
126/187
89th
126/141
26th
9/34
International Value (ARTKX) International Large-Cap Value
25th
19/75
5th
3/62
5th
3/59
5th
2/48
6th
1/17
Global Value (ARTGX) Global Large-Cap Value
62nd
27/43
75th
32/42
74th
31/41
40th
10/24
6th
1/16
Select Equity (ARTNX) Multi-Cap Value
98th
618/631
96th
590/617
Sustainable Emerging Markets (ARTZX) Emerging Markets
77th
598/782
77th
538/702
63rd
381/605
51st
175/346
85th
158/187
High Income (ARTFX) High Yield
10th
48/512
4th
17/482
4th
13/432
2nd
4/339
Developing World (ARTYX) Emerging Markets
99th
772/782
18th
124/702
4th
24/605
2nd
7/509
Focus (ARTTX) Large-Cap Core
75th
457/612
41st
216/538
1st
1/492
1st
1/486
Lipper rankings are based on total return of a fund’s stated share class, are historical and do not represent future results. The number of funds in the category may include several share classes of the same mutual fund which may have a material impact on the fund's ranking within the category. View Important Disclosures for Fund Inceptions. 

Category rankings modified by Artisan Partners to show where Artisan Mid Cap Value Fund would have ranked if Lipper Inc. had included it in the Mid-Cap Value category. Lipper Inc. classified the Fund in the Mid-Cap Core category and in that category, the Fund ranked as follows (#Rank/Fund in Category): 1 Yr (116/305), 3 Yr (203/285), 5 Yr (201/259), 10 Yr (151/170) and since inception (5/53).

Past performance does not guarantee future results. View Fund Performance.  
Mutual fund investing is subject to risks. 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. 

Fund Inception dates: Artisan Developing World Fund 29 June 2015, Artisan Focus Fund 24 Apr 2017, Artisan Global Discovery Fund 21 Aug 2017, Artisan Global Equity Fund 29 Mar 2010, Artisan Global Opportunities Fund 22 Sep 2008, Artisan Global Value Fund 10 Dec 2007, Artisan High Income Fund 19 Mar 2014, Artisan International Fund 28 Dec 1995, Artisan International Small-Mid Fund 21 Dec 2001, Artisan International Value Fund 23 Sep 2002, Artisan Mid Cap Fund 27 Jun 1997, Artisan Mid Cap Value Fund 28 Mar 2001, Artisan Select Equity Fund 28 Feb 2020, Artisan Small Cap Fund 28 Mar 1995, Artisan Sustainable Emerging Markets Fund 2 Jun 2008, and Artisan Value Fund 27 Mar 2006.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

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The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. Performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. Click here for more detailed information about Morningstar’s Analyst Rating, including its methodology.