|
|
|
||||||||||||||
|
|
| NAV2 | Change ($) |
Change (%) |
PERFORMANCE TO DATE3 | ||
| MTD | YTD | ||||
| Emerging Markets - Advisor Shares1 |
|
|
6.12% | 1.44% | |
| 1Advisor Share Inception Date: 6/2/08 2Net Asset Value (NAV) 3Fund performance is not annualized. Source: Artisan Partners The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate, so that an investor's shares in the Fund, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods less than one year are not annualized. The Fund's investments in initial public offerings (IPOs) made a material contribution to the Fund's performance. IPO investments are not an integral component of the Fund's investment process and may not be available in the future. The Fund's performance information reflects Artisan Partners' agreement to limit the Fund's expenses and has had a material impact on the Fund's performance, which would have been lower in its absence. The Fund's performance information shown does not reflect the deduction of a 2% redemption fee on shares held by an investor for 90 days or less and, if reflected, the fee would reduce the performance quoted. A mutual fund’s NAV is the value of a single share and is computed daily using closing prices as of the NYSE closing time – usually 4:00 p.m. Eastern Time, but sometimes earlier. Securities for which prices are not readily available (such as when there are significant changes in one or more U.S. market indices) are valued at a fair value under the Funds’ Valuation Procedures as described in the Funds’ prospectus. When fair value pricing is employed, the value of a portfolio security used by the Fund to calculate its NAV may differ from (and consequently be higher or lower than) quoted or published prices for the same security. Fair value pricing is not employed by market indices. Quotations of mutual fund performance are calculated using NAV and are therefore impacted by fair value pricing. |
|||||
| Period | Rank | Funds in Category |
| 1 Yr | #92 | 375 |
| 3 Yr | n/a | n/a |
| 5 Yr | n/a | n/a |
| 10 Yr | n/a | n/a |
| Since Inception 6/2/08 | #156 | 315 |
| Fund/Index | YTD1 | 3 Mo1 | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Since Inception2,3 |
| Emerging Markets - Advisor Shares2 | 4.40% | 0.08% | 100.75% | n/a | n/a | n/a | 13.47% |
| MSCI Emerging Markets IndexSM 4 | 5.24% | 1.50% | 91.63% | n/a | n/a | n/a | 11.60% |
|
Emerging Markets Fund Linked Institutional and Advisor Shares3 |
n/a | n/a | n/a | 1.96% | n/a | n/a | 10.01% |
| MSCI Emerging Markets IndexSM 4 | n/a | n/a | n/a | 3.82% | n/a | n/a | 10.63% |
|
1Returns for periods less than one year are not annualized. 2Advisor Shares Inception date: 6/2/08. 3Performance data shown relates to the Advisor Shares from 6/2/08 forward and for Institutional Shares prior to 6/2/08. Performance of the Institutional shares does not reflect higher expenses associated with the Advisor Shares, and if reflected, would reduce the performance quoted. Institutional shares are available with limited access. 4MSCI Emerging Markets Index performance starts 6/26/06. Source: Artisan Partners/MSCI |
|||||||
The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate, so that an investor's shares in the Fund, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods less than one year are not annualized. The Fund's investments in initial public offerings (IPOs) made a material contribution to the Fund's performance. IPO investments are not an integral component of the Fund's investment process and may not be available in the future. The Fund's performance information reflects Artisan Partners' agreement to limit the Fund's expenses and has had a material impact on the Fund's performance, which would have been lower in its absence. The Fund's performance information shown does not reflect the deduction of a 2% redemption fee on shares held by an investor for 90 days or less and, if reflected, the fee would reduce the performance quoted. A mutual fund’s NAV is the value of a single share and is computed daily using closing prices as of the NYSE closing time – usually 4:00 p.m. Eastern Time, but sometimes earlier. Securities for which prices are not readily available (such as when there are significant changes in one or more U.S. market indices) are valued at a fair value under the Funds’ Valuation Procedures as described in the Funds’ prospectus. When fair value pricing is employed, the value of a portfolio security used by the Fund to calculate its NAV may differ from (and consequently be higher or lower than) quoted or published prices for the same security. Fair value pricing is not employed by market indices. Quotations of mutual fund performance are calculated using NAV and are therefore impacted by fair value pricing. |
|||||||
| Period | Rank | Funds in Category |
| 1 Yr | #92 | 375 |
| 3 Yr | n/a | n/a |
| 5 Yr | n/a | n/a |
| 10 Yr | n/a | n/a |
| Since Inception 6/2/08 | #156 | 315 |
| Fund/Index | YTD1 | 3 Mo1 | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Since Inception2,3 |
| Emerging Markets - Advisor Shares2 | 82.99% | 7.01% | 82.99% | n/a | n/a | n/a | 12.28% |
| MSCI Emerging Markets IndexSM 4 | 78.51% | 8.55% | 78.51% | n/a | n/a | n/a | 9.68% |
|
Emerging Markets Fund Linked Institutional and Advisor Shares3 |
n/a | n/a | n/a | 4.36% | n/a | n/a | 11.92% |
| MSCI Emerging Markets IndexSM 4 | n/a | n/a | n/a | 5.11% | n/a | n/a | 12.86% |
|
1Returns for periods less than one year are not annualized. 2Advisor Shares Inception date: 6/2/08. 3Performance data shown relates to the Advisor Shares from 6/2/08 forward and for Institutional Shares prior to 6/2/08. Performance of the Institutional shares does not reflect higher expenses associated with the Advisor Shares, and if reflected, would reduce the performance quoted. Institutional shares are available with limited access. 4MSCI Emerging Markets Index performance starts 6/26/06. Source: Artisan Partners/MSCI |
|||||||
The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate, so that an investor's shares in the Fund, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods less than one year are not annualized. The Fund's investments in initial public offerings (IPOs) made a material contribution to the Fund's performance. IPO investments are not an integral component of the Fund's investment process and may not be available in the future. The Fund's performance information reflects Artisan Partners' agreement to limit the Fund's expenses and has had a material impact on the Fund's performance, which would have been lower in its absence. The Fund's performance information shown does not reflect the deduction of a 2% redemption fee on shares held by an investor for 90 days or less and, if reflected, the fee would reduce the performance quoted. A mutual fund’s NAV is the value of a single share and is computed daily using closing prices as of the NYSE closing time – usually 4:00 p.m. Eastern Time, but sometimes earlier. Securities for which prices are not readily available (such as when there are significant changes in one or more U.S. market indices) are valued at a fair value under the Funds’ Valuation Procedures as described in the Funds’ prospectus. When fair value pricing is employed, the value of a portfolio security used by the Fund to calculate its NAV may differ from (and consequently be higher or lower than) quoted or published prices for the same security. Fair value pricing is not employed by market indices. Quotations of mutual fund performance are calculated using NAV and are therefore impacted by fair value pricing. |
|||||||
| Period | Rank | Funds in Category |
| 1 Yr | #92 | 375 |
| 3 Yr | n/a | n/a |
| 5 Yr | n/a | n/a |
| 10 Yr | n/a | n/a |
| Since Inception 6/2/08 | #156 | 315 |
| Fund/Index | YTD1 | 3 Mo1 | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Since Inception2,3 |
| Emerging Markets - Advisor Shares2 | 82.99% | 7.01% | 82.99% | n/a | n/a | n/a | 12.28% |
| MSCI Emerging Markets IndexSM 4 | 78.51% | 8.55% | 78.51% | n/a | n/a | n/a | 9.68% |
|
Emerging Markets Fund Linked Institutional and Advisor Shares3 |
n/a | n/a | n/a | 4.36% | n/a | n/a | 11.92% |
| MSCI Emerging Markets IndexSM 4 | n/a | n/a | n/a | 5.11% | n/a | n/a | 12.86% |
|
1Returns for periods less than one year are not annualized. 2Advisor Shares Inception date: 6/2/08. 3Performance data shown relates to the Advisor Shares from 6/2/08 forward and for Institutional Shares prior to 6/2/08. Performance of the Institutional shares does not reflect higher expenses associated with the Advisor Shares, and if reflected, would reduce the performance quoted. Institutional shares are available with limited access. 4MSCI Emerging Markets Index performance starts 6/26/06. Source: Artisan Partners/MSCI |
|||||||
The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate, so that an investor's shares in the Fund, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods less than one year are not annualized. The Fund's investments in initial public offerings (IPOs) made a material contribution to the Fund's performance. IPO investments are not an integral component of the Fund's investment process and may not be available in the future. The Fund's performance information reflects Artisan Partners' agreement to limit the Fund's expenses and has had a material impact on the Fund's performance, which would have been lower in its absence. The Fund's performance information shown does not reflect the deduction of a 2% redemption fee on shares held by an investor for 90 days or less and, if reflected, the fee would reduce the performance quoted. A mutual fund’s NAV is the value of a single share and is computed daily using closing prices as of the NYSE closing time – usually 4:00 p.m. Eastern Time, but sometimes earlier. Securities for which prices are not readily available (such as when there are significant changes in one or more U.S. market indices) are valued at a fair value under the Funds’ Valuation Procedures as described in the Funds’ prospectus. When fair value pricing is employed, the value of a portfolio security used by the Fund to calculate its NAV may differ from (and consequently be higher or lower than) quoted or published prices for the same security. Fair value pricing is not employed by market indices. Quotations of mutual fund performance are calculated using NAV and are therefore impacted by fair value pricing. |
|||||||
| Fund/Index | YTD1 | 3 Mo1 | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Since Inception2,3 |
| Emerging Markets - Advisor Shares2 | 4.40% | 0.08% | 100.75% | n/a | n/a | n/a | 13.47% |
| MSCI Emerging Markets IndexSM 4 | 5.24% | 1.50% | 91.63% | n/a | n/a | n/a | 11.60% |
|
Emerging Markets Fund Linked Institutional and Advisor Shares3 |
n/a | n/a | n/a | 1.96% | n/a | n/a | 10.01% |
| MSCI Emerging Markets IndexSM 4 | n/a | n/a | n/a | 3.82% | n/a | n/a | 10.63% |
|
1Returns for periods less than one year are not annualized. 2Advisor Shares Inception date: 6/2/08. 3Performance data shown relates to the Advisor Shares from 6/2/08 forward and for Institutional Shares prior to 6/2/08. Performance of the Institutional shares does not reflect higher expenses associated with the Advisor Shares, and if reflected, would reduce the performance quoted. Institutional shares are available with limited access. 4MSCI Emerging Markets Index performance starts 6/26/06. Source: Artisan Partners/MSCI |
|||||||
The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate, so that an investor's shares in the Fund, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods less than one year are not annualized. The Fund's investments in initial public offerings (IPOs) made a material contribution to the Fund's performance. IPO investments are not an integral component of the Fund's investment process and may not be available in the future. The Fund's performance information reflects Artisan Partners' agreement to limit the Fund's expenses and has had a material impact on the Fund's performance, which would have been lower in its absence. The Fund's performance information shown does not reflect the deduction of a 2% redemption fee on shares held by an investor for 90 days or less and, if reflected, the fee would reduce the performance quoted. A mutual fund’s NAV is the value of a single share and is computed daily using closing prices as of the NYSE closing time – usually 4:00 p.m. Eastern Time, but sometimes earlier. Securities for which prices are not readily available (such as when there are significant changes in one or more U.S. market indices) are valued at a fair value under the Funds’ Valuation Procedures as described in the Funds’ prospectus. When fair value pricing is employed, the value of a portfolio security used by the Fund to calculate its NAV may differ from (and consequently be higher or lower than) quoted or published prices for the same security. Fair value pricing is not employed by market indices. Quotations of mutual fund performance are calculated using NAV and are therefore impacted by fair value pricing. |
|||||||
| NAV2 | Change ($) |
Change (%) |
PERFORMANCE TO DATE3 | ||
| MTD | YTD | ||||
| Emerging Markets - Advisor Shares1 |
|
|
6.12% | 1.44% | |
| 1Advisor Share Inception Date: 6/2/08 2Net Asset Value (NAV) 3Fund performance is not annualized. Source: Artisan Partners The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate, so that an investor's shares in the Fund, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods less than one year are not annualized. The Fund's investments in initial public offerings (IPOs) made a material contribution to the Fund's performance. IPO investments are not an integral component of the Fund's investment process and may not be available in the future. The Fund's performance information reflects Artisan Partners' agreement to limit the Fund's expenses and has had a material impact on the Fund's performance, which would have been lower in its absence. The Fund's performance information shown does not reflect the deduction of a 2% redemption fee on shares held by an investor for 90 days or less and, if reflected, the fee would reduce the performance quoted. A mutual fund’s NAV is the value of a single share and is computed daily using closing prices as of the NYSE closing time – usually 4:00 p.m. Eastern Time, but sometimes earlier. Securities for which prices are not readily available (such as when there are significant changes in one or more U.S. market indices) are valued at a fair value under the Funds’ Valuation Procedures as described in the Funds’ prospectus. When fair value pricing is employed, the value of a portfolio security used by the Fund to calculate its NAV may differ from (and consequently be higher or lower than) quoted or published prices for the same security. Fair value pricing is not employed by market indices. Quotations of mutual fund performance are calculated using NAV and are therefore impacted by fair value pricing. |
|||||
| Period | Rank | Funds in Category |
| 1 Yr | #92 | 375 |
| 3 Yr | n/a | n/a |
| 5 Yr | n/a | n/a |
| 10 Yr | n/a | n/a |
| Since Inception 6/2/08 | #156 | 315 |
|
Region/Country Allocation1 % of total portfolio equities
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fund | |
| Consumer Discretionary |
10.8
|
| Consumer Staples |
8.0
|
| Energy |
12.9
|
| Financials |
16.2
|
| Health Care |
1.6
|
| Industrials |
9.4
|
| Information Technology |
12.8
|
| Materials |
13.6
|
| Telecommunication Services |
11.8
|
| Utilities |
2.9
|
| Total | 100.0% |
| Distribution Information | Select Year |
| Weighted Avg. Market Cap 3 | $34.7 billion |
| Median Market Cap3 | $3.9 billion |
| Weighted Avg. Growth Rate (3-5 YR)3 | 16.9% |
| Weighted Avg. P/E (FY1)3 | 14.7X |
| Weighted Avg. P/E (FY2)3 | 12.1X |
| Weighted Avg. ROE3 | 18.4% |
| Median Price/Book Value3 | 2.4X |
| Number of Holdings | 103 |
| Portfolio Turnover Rate4 | 56.88% |
| Cash (% of total porfolio) | 2.9% |
| Total Net Assets (all share classes) | $216 million |
| Samsung Electronics Co Ltd (Korea) | 4.3 |
| Petroleo Brasileiro SA (Brazil) | 4.1 |
| Vale SA (Brazil) | 3.4 |
| China Mobile Ltd (China) | 2.1 |
| Lukoil OAO (Russia) | 2.1 |
| Taiwan Semiconductor Manufacturing Co Ltd (Taiwan) | 2.1 |
| America Movil SAB de CV (Mexico) | 1.9 |
| HON HAI Precision Industry Co Ltd (Taiwan) | 1.9 |
| Itau Unibanco Holding SA (Brazil) | 1.8 |
| MTN Group Ltd (South Africa) | 1.6 |
| Total | 25.3% |
| Holdings: Current | |
| For the purpose of determining the Fund's holdings, securities of the same issuer are aggregated to determine the weight in the Fund. | |
|
1 Source: Artisan Partners/FactSet(MSCI) 2 Source: Artisan Partners/FactSet(GICS) 3 Source: Artisan Partners/FactSet 4 Audited. For the 12 months ended 9/30/09. |
Maria Negrete-Gruson, CFA
Maria Negrete-Gruson, CFA is a Managing Director of Artisan and portfolio manager for Artisan Emerging Markets Fund and the firm's emerging markets separate account portfolios. Prior to joining Artisan in April 2006, Ms. Negrete-Gruson was the portfolio manager for DuPont Capital Management's emerging markets equity portfolios. Before assuming responsibilities as portfolio manager, she was an international equity analyst at DuPont covering the developed Asia-ex Japan region. Prior to joining DuPont Capital Management, she was a foreign exchange trader for Banco Ganadero in Bogotá, Colombia.
Ms. Negrete-Gruson holds a BA in Finance and International Relations from Universidad Externado in Colombia and an MBA in Finance and International Business from Columbia Business School. She is fluent in Spanish and Portuguese.