|Global Small Cap||$0.0092||$0.0207||None||$0.0299|
|International Small Cap||$0.1248||$0.0698||$1.5371||$1.7317|
|Mid Cap Value||$0.1097||$0.1183||$0.9755||$1.2035|
|Small Cap Value||$0.0440||$0.1436||$0.5139||$0.7015|
General Tax Information
Whether reinvested in additional shares or taken in cash, mutual fund shareholders are responsible for taxes on all ordinary income and capital gains distributions. For federal income tax purposes, the Fund's distributions of net investment income and short-term capital gains are taxable to shareholders as ordinary income. The character of short-term capital gains does not pass through to shareholders. Instead, those gains are taxable to each shareholder as ordinary income. Additionally, shareholders will not be able to use any capital losses to offset those gains. Distributions of long-term capital gains generally are taxable to each shareholder as long-term capital gains. This data is for informational purposes only. Every year in January shareholders are sent a Form 1099-DIV which provides the federal tax status of dividends and distributions received during the calendar year. We recommend that Artisan shareholders consult their tax advisor for assistance with how this information will impact their specific tax situation.
These estimations and general tax information do not constitute, and should not be considered a substitute for, tax or legal advice. The rules governing the proper tax characterization of distributions by mutual funds can be complex. Each fund shareholder should consult his or her own tax advisor regarding the proper tax characterization and reporting of the fund's distributions.
Impact of Actions by Other Shareholders
Each Fund, like all mutual funds, pools the investments of many investors. Actions by one investor or multiple investors may have an impact on the Fund and on other investors. Shareholder purchase and redemption activity may affect the per share amount of a Fund's distributions of its net income and net realized gains, if any, thereby increasing or reducing the tax burden on the Fund's shareholders subject to income tax.