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
30 April 2022
Team Fund Name Category 3 Yr 5 Yr 10 Yr Overall Analyst Rating
Global Opportunities (ARTRX) World Large-Stock Growth 311 273 168 311 Bronze
Global Discovery (APFDX) World Large-Stock Growth 311 311 Bronze
Mid Cap (ARTMX) Mid-Cap Growth 538 502 385 538 Bronze
Small Cap (ARTSX) Small Growth 582 526 391 582 Bronze
Global Equity (ARTHX) World Large-Stock Growth 311 273 168 311
International (ARTIX) Foreign Large Growth 392 349 223 392
International Small-Mid (ARTJX) Foreign Small/Mid Growth 129 115 73 129 Bronze
Value (ARTLX) Large Value 1146 1066 773 1146
Mid Cap Value (ARTQX) Mid-Cap Value 393 360 264 393
International Value (ARTKX) Foreign Large Blend 704 611 412 704 Silver
Global Value (ARTGX) World Large-Stock Value 161 151 88 161 Silver
Sustainable Emerging Markets (ARTZX) Diversified Emerging Mkts 729 628 352 729
High Income (ARTFX) High Yield Bond 632 575 632 Silver
Developing World (ARTYX) Diversified Emerging Mkts 729 628 729 Bronze
Focus (ARTTX) Large Growth 1137 1048 1137
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
31 March 2022
Team Fund Name Category 1 Yr 3 Yr 5 Yr 10 Yr Inception
Global Opportunities (ARTRX) Global Multi-Cap Growth
60th
125/210
24th
44/190
40th
67/168
11th
10/98
6th
4/74
Global Discovery (APFDX) Global Small-/Mid-Cap
48th
73/154
6th
8/136
6th
7/120
Mid Cap (ARTMX) Multi-Cap Growth
71st
347/490
33rd
151/460
50th
202/410
59th
167/283
2nd
1/59
Small Cap (ARTSX) Small-Cap Growth
92nd
653/709
74th
499/677
33rd
198/616
34th
152/451
70th
36/51
Global Equity (ARTHX) Global Multi-Cap Growth
82nd
126/154
87th
119/136
60th
69/115
55th
31/56
36th
18/49
International (ARTIX) International Large-Cap Growth
59th
196/332
91st
269/295
70th
190/274
68th
125/184
4th
1/26
International Small-Mid (ARTJX) International Small/Mid-Cap Growth
81st
178/220
12th
25/217
8th
15/188
29th
33/116
16th
6/38
Value (ARTLX) Multi-Cap Value
73rd
447/618
20th
114/595
41st
212/528
64th
247/387
31st
81/268
Mid Cap Value (ARTQX) Mid-Cap Value
93rd
194/209
63rd
126/199
67th
123/185
92nd
130/141
30th
10/33
International Value (ARTKX) International Large-Cap Value
19th
14/73
5th
3/60
6th
3/56
5th
2/46
6th
1/17
Global Value (ARTGX) Global Large-Cap Value
88th
36/40
63rd
25/39
57th
22/38
34th
8/23
12th
2/16
Select Equity (ARTNX) Multi-Cap Value
100th
614/618
92nd
558/610
Sustainable Emerging Markets (ARTZX) Emerging Markets
66th
508/778
75th
525/704
57th
342/600
53rd
179/339
84th
159/189
High Income (ARTFX) High Yield
7th
33/514
3rd
13/483
3rd
12/421
2nd
4/341
Developing World (ARTYX) Emerging Markets
93rd
724/778
4th
22/704
1st
6/600
1st
3/518
Focus (ARTTX) Large-Cap Growth
49th
325/675
61st
378/620
3rd
13/582
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 (36/150), 3 Yr (65/140), 5 Yr (46/128), 10 Yr (54/93) and since inception (2/21).

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. These risks are discussed in the prospectus. Please read it carefully before you invest or send money. 

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.