Investment Process

The investment team seeks to invest in high-quality, undervalued businesses that offer the potential for superior risk/reward outcomes. The investment universe is generally non-US equities with market caps below $5 billion.

Undervaluation

  • Determine the intrinsic value of the business
  • Invest at a significant discount to intrinsic value

Business Quality

  • Strong free cash flow
  • High/improving returns on capital
  • Strong competitive positions

Financial Strength

  • Strong balance sheets reduce potential for capital risk
  • Provides management ability to build value

Shareholder-Oriented Management

  • History of building shareholder value

In-depth Investment Process

 

The investment team leverages high degrees of experience and knowledge within a disciplined investment process. Learn more about the Team.
  • N. David Samra
  • Managing Director
  • 29Years Investment
    Experience
  • Beini Zhou, CFA
  • Co-Portfolio Manager
  • 17Years Investment
    Experience
  • Anand Vasagiri
  • Co-Portfolio Manager
  • 17Years Investment
    Experience
  • An Introduction to the International Explorer Fund
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  • New Artisan International Explorer Fund
  • View PDF
Current and future portfolio holdings are subject to risk. The value of portfolio securities selected by the investment team may rise or fall in response to company, market, economic, political, regulatory or other news, at times greater than the market or benchmark index. 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. 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. These risks are discussed in the prospectus. Please read it carefully before you invest or send money.