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 June 2021
Team Fund Name Category 3 Yr 5 Yr 10 Yr Overall Analyst Rating
Global Opportunities (ARTRX) World Large-Stock Growth 307 263 166 307 Bronze
Global Discovery (APFDX) World Large-Stock Growth 307 307 Bronze
Mid Cap (ARTMX) Mid-Cap Growth 546 489 379 546 Bronze
Small Cap (ARTSX) Small Growth 576 505 379 576 Bronze
Global Equity (ARTHX) World Large-Stock Growth 307 263 166 307 Bronze
International (ARTIX) Foreign Large Growth 384 323 225 384 Bronze
International Small-Mid (ARTJX) Foreign Small/Mid Growth 120 107 69 120 Bronze
Value (ARTLX) Large Value 1141 1012 740 1141
Mid Cap Value (ARTQX) Mid-Cap Value 395 346 246 395
International Value (ARTKX) Foreign Large Blend 673 579 385 673 Silver
Global Value (ARTGX) World Large-Stock Value 158 145 81 158 Silver
Sustainable Emerging Markets (ARTZX) Diversified Emerging Mkts 701 602 306 701
High Income (ARTFX) High Yield Bond 634 556 634 Silver
Developing World (ARTYX) Diversified Emerging Mkts 701 602 701 Bronze
Focus (ARTTX) Large Growth 1138 1138
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. View quarterly Fund ratings.

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 2021
Team Fund Name Category 1 Yr 3 Yr 5 Yr 10 Yr Inception
Global Opportunities (ARTRX) Global Multi-Cap Growth
74th
167/227
20th
36/186
12th
19/169
6th
5/92
6th
4/76
Global Discovery (APFDX) Global Small-/Mid-Cap
66th
117/178
14th
23/166
8th
11/150
Mid Cap (ARTMX) Multi-Cap Growth
68th
265/393
9th
31/368
27th
90/336
20th
51/260
2nd
1/60
Small Cap (ARTSX) Small-Cap Growth
97th
655/677
11th
65/638
18th
100/557
7th
26/415
48th
25/52
Global Equity (ARTHX) Global Multi-Cap Growth
94th
168/178
38th
63/166
45th
56/124
34th
26/77
28th
18/64
International (ARTIX) International Large-Cap Growth
100th
307/309
75th
205/275
80th
190/237
40th
68/170
5th
1/23
International Small-Mid (ARTJX) International Small/Mid-Cap Growth
52nd
114/221
9th
18/203
20th
34/172
20th
21/104
17th
6/36
Value (ARTLX) Multi-Cap Value
21st
130/642
21st
125/609
25th
128/519
37th
143/391
26th
71/280
Mid Cap Value (ARTQX) Mid-Cap Value
45th
82/182
55th
94/171
53rd
80/152
74th
82/111
22nd
6/27
International Value (ARTKX) International Large-Cap Core
5th
5/106
9th
8/88
13th
9/73
8th
4/51
4th
1/24
Global Value (ARTGX) Global Multi-Cap Value
18th
7/39
62nd
24/38
52nd
19/36
32nd
7/21
12th
2/16
Select Equity (ARTNX) Multi-Cap Value
39th
245/642
53rd
333/638
Sustainable Emerging Markets (ARTZX) Emerging Markets
25th
189/758
36th
237/669
31st
177/574
52nd
158/307
67th
127/190
High Income (ARTFX) High Yield
14th
67/508
6th
24/471
5th
18/401
2nd
4/348
Developing World (ARTYX) Emerging Markets
10th
72/758
1st
3/669
1st
3/574
1st
3/521
Focus (ARTTX) Global Large-Cap Growth
71st
161/227
12th
21/186
4th
7/176
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 (25/308), 3 Yr (83/282), 5 Yr (82/232), 10 Yr (77/158) and since inception (14/58). 

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 Cap 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 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.