Bryan Krug, portfolio manager of Artisan High Income Fund discusses portfolio positioning, where the team is finding the most attractive opportunities and the current market environment.

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This webcast represents the views and opinions of the managers as of 1 May 2018, 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.

Please see portfolio holdings page in the accompanying slide presentation for security weightings. Securities mentioned, but not listed here or in the webcast presentation are not held in the Fund as of the date of this report. For fund performance and holdings current to the time of publication, please view the accompanying slide presentation.

Contribution to Return Source: Bloomberg, used with permission. Contribution to return is calculated by multiplying a security’s daily total return by the daily weight, compounded over the referenced timeframe. Purchases/sales are accounted for based on individual security transactions. Contribution to return is not exact, but should be considered an approximation of the relative contribution of each of the factors considered. For more information about the specific calculation methodology, please call 888.454.1770.

Past performance does not guarantee future results.

EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is an indicator of a company's financial performance which is calculated by looking at earnings before the deduction of interest expenses, taxes, depreciation and amortization. LIBOR (London Interbank Offered Rate) is the base interest rate paid on deposits traded between banks in London.