Artisan Partners CEO Eric Colson leads a conversation with Bryan Krug and Chris Smith, portfolio managers of Artisan Partners boutiques with established alternative investment strategies.

This video recording should be reviewed in conjunction with the accompanying fact sheets, which contain composite performance and other important information. Past performance does not guarantee and is not a reliable indicator of future results.

This replay represents the views and opinions of Eric Colson, Bryan Krug and Chris Smith as of 19 May 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 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.

Investment Risks: Fixed income securities carry interest rate risk and credit risk for both the issuer and counterparty and investors may lose principal value. In general, when interest rates rise, fixed income values fall. High income securities (junk bonds) are speculative, experience greater price volatility and have a higher degree of credit and liquidity risk than bonds with a higher credit rating. The portfolio typically invests a significant portion of its assets in lower-rated high income securities (e.g., CCC). Loans carry risks including insolvency of the borrower, lending bank or other intermediary. Loans may be secured, unsecured, or not fully collateralized, trade infrequently, experience delayed settlement, and be subject to resale restrictions. Private placement and restricted securities may not be easily sold due to resale restrictions and are more difficult to value. The use of derivatives in a portfolio may create investment leverage and increase the likelihood of volatility and risk of loss in excess of the amount invested. International investments involve special risks, 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. 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. 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. Investors investing in strategies 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 Artisan Partners Form ADV, which is available upon request.

Clarification: The yield for the Barclays AGG Index was 1.62% as of 31 March 2021.

eVestement rankings are based on gross-of-fee total returns and rank based on the eVestment US High Yield Fixed Income universe. eVestment is a manager-reported database of institutional investment managers and does not independently verify the data. Artisan High Income Strategy is ranked 8th out of 256 strategies for 1-Yr, 4th out of 234 strategies for 5-Yr and 1st out of 214 strategies since inception for the period ended 31 March 2021.

IHS Markit Ltd comprised the following percentage of a representative account within the Antero Peak Composite’s total net assets as of 31 Mar 2021: 3.5%. IHS Markit Ltd comprised the following percentage of a representative account within the Antero Peak Hedge Composite’s total net assets as of 31 Mar 2021: 3.5%. Portfolio holdings are subject to change without notice. The discussion of portfolio holdings does not constitute a recommendation of any individual security.

This is not a research report and should not be considered a recommendation of any individual securities product or service. In no event shall Artisan Partners have any liability for direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) losses or any other damages resulting from the use of this material.