ARTISAN PARTNERS FUNDS, INC
DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES
Schedules of Investments
Investment Footnotes
* | Non-income producing security |
# | Percentages for the various classifications relate to total net assets |
^ | Amount rounds to less than $1 or 0.1% |
‡ | One contract is equal to 100 shares. |
Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.
Investment abbreviations | |
ADR | American Depositary Receipt |
BOA | Bank of America |
BUBOR | Budapest Interbank Offered Rate |
CAONREPO | Canadian Overnight Repo Rate |
CDI | Certificate of Interbank Deposit |
CGM | Citigroup Global Markets |
CITI | Citibank, N.A. |
Escrow shares | Financial instruments that are held by a third party, such as a bank or attorney, until certain conditions are met. |
GDR | Global Depositary Receipt |
GS | Goldman Sachs International |
ICBCSB | ICBC Standard Bank Plc |
IO | Interest Only |
JIBAR | Johannesburg Interbank Average Rate |
JPM | JPMorganChase Bank, N.A. |
KLIBOR | Kuala Lumpur Interbank Offered Rate |
MIBOR | Mumbai Interbank Offered Rate |
OMO | Open Market Operations |
OTC | Over-the-Counter |
PIK | Payment-In-Kind |
Preference | A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference. |
PRIBOR | Prague Interbank Offered Rate |
REIT | Real Estate Investment Trust |
SCB | Standard Chartered Bank |
SG | Societe Generale |
SOFR | Secured Overnight Financing Rate |
TELBOR | Tel Aviv Interbank Offered Rate |
TIIE | Mexican Interbank Equilibrium Interest Rate |
THOR | Thai Overnight Repurchase Rate |
TONAR | Tokyo Overnight Average Rate |
WIBOR | Warsaw Interbank Offer Rate |
Currency abbreviations | ||||
AED | United Arab Emirates dirham | JMD | Jamaican dollar | |
ALL | Albanian lek | JPY | Japanese yen | |
AMD | Armenian dram | KES | Kenyan shilling | |
AUD | Australian dollar | KRW | Korean won | |
BRL | Brazilian real | KZT | Kazakhstan tenge | |
CAD | Canadian dollar | MXN | Mexican peso | |
CHF | Swiss franc | MYR | Malaysia ringgit | |
CLP | Chilean peso | NGN | Nigerian naira | |
CNH | Chinese yuan | NOK | Norwegian krone | |
CNY | Chinese yuan | PEN | Peruvian nuevo sol | |
COP | Colombian peso | PLN | Polish zloty | |
CRC | Costa Rican colón | PYG | Paraguay guarani | |
CZK | Czech koruna | RON | Romanian leu | |
DKK | Danish krone | RSD | Serbian dinar | |
DOP | Dominican peso | RUB | Russian ruble | |
EGP | Egyptian pound | SEK | Swedish krona | |
EUR | Euro | THB | Thailand baht | |
GBP | British pound | TRY | Turkish lira | |
GEL | Georgian lari | TWD | New Taiwan dollar | |
HKD | Hong Kong dollar | USD | US dollar | |
HUF | Hungarian forint | UYU | Uruguayan peso | |
IDR | Indonesian rupiah | UZS | Uzbekistani som | |
ILS | Israel new shekel | VND | Vietnamese dong | |
INR | Indian rupee | ZAR | South African rand | |
ISK | Iceland krona |
Artisan Developing World Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 97.4% | ||||||||
AUSTRALIA - 1.2% | ||||||||
WiseTech Global Ltd.(1) | 630 | $ | 41,847 | |||||
BRAZIL - 10.6% | ||||||||
MercadoLibre, Inc.* | 123 | 202,876 | ||||||
NU Holdings Ltd., Class A* | 12,384 | 159,632 | ||||||
362,508 | ||||||||
CHINA - 16.3% | ||||||||
Kanzhun Ltd., ADR | 3,915 | 73,639 | ||||||
KE Holdings, Inc., ADR | 5,130 | 72,587 | ||||||
Kweichow Moutai Co. Ltd., Class A(1) | 408 | 82,365 | ||||||
Meituan, Class B*(1)(2) | 8,351 | 118,310 | ||||||
PDD Holdings, Inc., ADR* | 298 | 39,597 | ||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A(1) | 1,577 | 63,217 | ||||||
Tencent Holdings Ltd.(1) | 2,206 | 104,700 | ||||||
554,415 | ||||||||
FRANCE - 4.2% | ||||||||
Hermes International SCA(1) | 17 | 38,970 | ||||||
LVMH Moet Hennessy Louis Vuitton SE(1) | 135 | 103,525 | ||||||
142,495 | ||||||||
INDIA - 14.0% | ||||||||
Apollo Hospitals Enterprise Ltd.(1) | 1,106 | 81,878 | ||||||
HDFC Bank Ltd., ADR | 1,677 | 107,856 | ||||||
MakeMyTrip Ltd.* | 2,389 | 200,934 | ||||||
One 97 Communications Ltd.*(1) | 4,992 | 23,989 | ||||||
PB Fintech Ltd.*(1) | 1,387 | 23,184 | ||||||
Zomato Ltd.*(1) | 16,093 | 38,511 | ||||||
476,352 | ||||||||
NETHERLANDS - 7.7% | ||||||||
Adyen NV*(1)(2) | 132 | 157,068 | ||||||
ASML Holding NV, ADR | 101 | 103,570 | ||||||
260,638 | ||||||||
SINGAPORE - 9.0% | ||||||||
Grab Holdings Ltd., Class A* | 32,086 | 113,903 | ||||||
Sea Ltd., ADR* | 2,694 | 192,398 | ||||||
306,301 | ||||||||
UNITED STATES - 34.4% | ||||||||
Airbnb, Inc., Class A* | 1,039 | 157,535 | ||||||
Cadence Design Systems, Inc.* | 340 | 104,764 | ||||||
Coca-Cola Co. (The) | 1,783 | 113,474 | ||||||
Crowdstrike Holdings, Inc., Class A* | 393 | 150,560 | ||||||
Mastercard, Inc., Class A | 86 | 38,111 | ||||||
Netflix, Inc.* | 154 | 103,841 | ||||||
NVIDIA Corp. | 1,332 | 164,577 | ||||||
Snowflake, Inc., Class A* | 558 | 75,333 | ||||||
Veeva Systems, Inc., Class A* | 577 | 105,612 | ||||||
Visa, Inc., Class A | 593 | 155,728 | ||||||
1,169,535 | ||||||||
Total common stocks | ||||||||
(Cost $1,922,164) | 3,314,091 | |||||||
SHORT-TERM INVESTMENT - 1.7% | ||||||||
INVESTMENT COMPANY - 1.7% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $58,982) | 58,982 | 58,982 | ||||||
Total investments - 99.1% (Cost $1,981,146) | 3,373,073 | |||||||
Other assets less liabilities - 0.9% | 30,042 | |||||||
Total net assets - 100.0%# | $ | 3,403,115 |
Artisan Developing World Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $877,564, or 25.8% of total net assets. See notes (B) and (C) in the accompanying notes. |
(2) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $275,378 or 8.1% of net assets. |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 474,578 | 14.1 | % | ||||
Consumer Discretionary | 900,258 | 26.7 | ||||||
Consumer Staples | 195,839 | 5.8 | ||||||
Financials | 665,568 | 19.7 | ||||||
Health Care | 250,707 | 7.4 | ||||||
Industrials | 113,903 | 3.4 | ||||||
Information Technology | 640,651 | 19.0 | ||||||
Real Estate | 72,587 | 2.2 | ||||||
Short-Term Investment | 58,982 | 1.7 | ||||||
Total investments | $ | 3,373,073 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
AUD | $ | 41,847 | 1.2 | % | ||||
CNY | 145,582 | 4.3 | ||||||
EUR | 299,563 | 8.9 | ||||||
HKD | 223,010 | 6.6 | ||||||
INR | 167,562 | 5.0 | ||||||
USD | 2,495,509 | 74.0 | ||||||
Total investments | $ | 3,373,073 | 100.0 | % | ||||
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Emerging Markets Debt Opportunities Fund
Consolidated Schedule of Investments
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
SOVEREIGN GOVERNMENT BONDS AND BOND PARTICIPATION NOTES - 61.2% | ||||||||
ALBANIA - 1.2% | ||||||||
Albanian Government Bond | ||||||||
4.21%, 1/15/2026 | ALL | 14,000 | $ | 150 | ||||
5.00%, 2/24/2026 | ALL | 13,000 | 141 | |||||
6.00%, 2/13/2028 | ALL | 9,500 | 107 | |||||
5.25%, 1/26/2029 | ALL | 21,500 | 233 | |||||
5.63%, 11/8/2030 | ALL | 19,000 | 203 | |||||
834 | ||||||||
ANGOLA - 1.5% | ||||||||
Republic of Angola | ||||||||
6.93%, 2/19/2027(1) | $ | 124 | 120 | |||||
8.25%, 5/9/2028(1) | 550 | 517 | ||||||
9.13%, 11/26/2049(1) | 550 | 451 | ||||||
1,088 | ||||||||
ARMENIA - 0.3% | ||||||||
Republic of Armenia | ||||||||
9.25%, 4/29/2028 | AMD | 70,000 | 178 | |||||
BAHAMAS - 4.1% | ||||||||
Commonwealth of the Bahamas | ||||||||
6.00%, 11/21/2028(1) | 1,805 | 1,577 | ||||||
9.00%, 6/16/2029(1) | 420 | 399 | ||||||
6.95%, 11/20/2029(1) | 232 | 200 | ||||||
8.95%, 10/15/2032(1) | 800 | 747 | ||||||
2,923 | ||||||||
BENIN - 3.2% | ||||||||
Benin Government Bond | ||||||||
4.88%, 1/19/2032(1) | EUR | 1,880 | 1,684 | |||||
4.95%, 1/22/2035(1) | EUR | 370 | 313 | |||||
6.88%, 1/19/2052(1) | EUR | 285 | 240 | |||||
2,237 | ||||||||
CAMEROON - 2.5% | ||||||||
Republic of Cameroon | ||||||||
9.50%, 11/19/2025(1) | 920 | 907 | ||||||
5.95%, 7/7/2032(1) | EUR | 1,005 | 834 | |||||
1,741 | ||||||||
DOMINICAN REPUBLIC - 0.0%^ | ||||||||
Dominican Republic Government Bond | ||||||||
6.50%, 11/27/2026(1) | DOP | 1,450 | 22 | |||||
EGYPT - 0.9% | ||||||||
Arab Republic of Egypt | ||||||||
7.50%, 2/16/2061(1) | 1,000 | 670 | ||||||
EL SALVADOR - 1.7% | ||||||||
Republic of El Salvador | ||||||||
0.25%, 4/17/2030 IO(1) | $ | 726 | $ | 21 | ||||
9.25%, 4/17/2030(1) | 926 | 822 | ||||||
8.25%, 4/10/2032(1) | 500 | 393 | ||||||
1,236 | ||||||||
GABON - 1.5% | ||||||||
Gabonese Republic | ||||||||
6.95%, 6/16/2025(1) | 1,200 | 1,098 | ||||||
GEORGIA - 1.0% | ||||||||
Republic of Georgia | ||||||||
2.75%, 4/22/2026(1) | 780 | 716 | ||||||
INDIA - 3.5% | ||||||||
Asian Infrastructure Investment Bank (The) | ||||||||
7.00%, 3/1/2029(1) | INR | 76,000 | 900 | |||||
International Bank for Reconstruction & Development | ||||||||
6.50%, 4/17/2030 | INR | 45,000 | 525 | |||||
Republic of India | ||||||||
7.54%, 5/23/2036 | INR | 84,200 | 1,046 | |||||
2,471 | ||||||||
INDONESIA - 6.4% | ||||||||
Republic of Indonesia | ||||||||
6.38%, 4/15/2032 | IDR | 4,100,000 | 241 | |||||
7.50%, 8/15/2032 | IDR | 4,500,000 | 281 | |||||
6.63%, 2/15/2034 | IDR | 17,000,000 | 1,005 | |||||
8.25%, 5/15/2036 | IDR | 9,854,000 | 656 | |||||
7.13%, 6/15/2042 | IDR | 25,000,000 | 1,521 | |||||
7.13%, 6/15/2043 | IDR | 13,985,000 | 853 | |||||
4,557 | ||||||||
IRAQ - 3.8% | ||||||||
Republic of Iraq | ||||||||
5.80%, 1/15/2028(1) | 2,863 | 2,673 | ||||||
IVORY COAST - 2.6% | ||||||||
Republic of Cote d’Ivoire | ||||||||
5.25%, 3/22/2030(1) | EUR | 845 | 822 | |||||
6.88%, 10/17/2040(1) | EUR | 1,170 | 1,046 | |||||
1,868 | ||||||||
JAMAICA - 0.8% | ||||||||
Jamaica Government Bond | ||||||||
9.63%, 11/3/2030 | JMD | 79,000 | 536 | |||||
KENYA - 3.9% | ||||||||
Republic of Kenya | ||||||||
7.00%, 5/22/2027(1) | 1,520 | 1,445 | ||||||
9.75%, 2/16/2031(1) | 1,390 | 1,333 | ||||||
2,778 |
Artisan Emerging Markets Debt Opportunities Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
NIGERIA - 1.0% | ||||||||
Federal Republic of Nigeria | ||||||||
7.63%, 11/21/2025(1) | $ | 716 | $ | 717 | ||||
PAKISTAN - 1.6% | ||||||||
Islamic Republic of Pakistan | ||||||||
6.88%, 12/5/2027(1) | 340 | 294 | ||||||
7.38%, 4/8/2031(1) | 1,040 | 820 | ||||||
1,114 | ||||||||
PAPUA NEW GUINEA - 2.1% | ||||||||
Papua New Guinea Government International Bond | ||||||||
8.38%, 10/4/2028(1) | 1,525 | 1,456 | ||||||
PARAGUAY - 2.2% | ||||||||
Paraguay Treasury Bond Participation Note | ||||||||
9.03%, 2/15/2030(2)(3)(4)(5) | 654 | 648 | ||||||
8.00%, 3/3/2036(2)(3)(4)(5) | 211 | 202 | ||||||
Republic of Paraguay | ||||||||
7.90%, 2/9/2031(1) | PYG | 5,045,000 | 693 | |||||
1,543 | ||||||||
PERU - 5.7% | ||||||||
Bonos de la Tesoreria | ||||||||
7.30%, 8/12/2033(1) | PEN | 2,200 | 587 | |||||
5.40%, 8/12/2034 | PEN | 14,960 | 3,420 | |||||
4,007 | ||||||||
RWANDA - 0.5% | ||||||||
Republic of Rwanda | ||||||||
5.50%, 8/9/2031(1) | 425 | 341 | ||||||
SENEGAL - 0.3% | ||||||||
Republic of Senegal | ||||||||
6.25%, 7/30/2024(1) | 200 | 199 | ||||||
SOUTH AFRICA - 1.4% | ||||||||
Republic of South Africa | ||||||||
8.25%, 3/31/2032 | ZAR | 20,800 | 996 | |||||
SURINAME - 4.1% | ||||||||
Suriname Government International Bond | ||||||||
4.95% Cash, 3.00% PIK, 7/15/2033(1) | 3,169 | 2,903 | ||||||
TAJIKISTAN - 1.5% | ||||||||
Republic of Tajikistan | ||||||||
7.13%, 9/14/2027(1) | 1,140 | 1,084 | ||||||
ZAMBIA - 1.9% | ||||||||
Republic of Zambia | ||||||||
5.75%, 6/30/2033(1)(6) | 1,103 | 966 | ||||||
0.50%, 12/31/2053(1) | 781 | 381 | ||||||
1,347 | ||||||||
Total sovereign government bonds and bond participation notes (Cost $43,605) | 43,333 | |||||||
CORPORATE BONDS - 14.2% | ||||||||
BRAZIL - 2.6% | ||||||||
Karoon USA Finance, Inc. | ||||||||
10.50%, 5/14/2029(1) | 650 | 654 | ||||||
MC Brazil Downstream Trading SARL | ||||||||
7.25%, 6/30/2031(1) | 856 | 759 | ||||||
Trident Energy Finance plc | ||||||||
12.50%, 11/30/2029(1) | 350 | 359 | ||||||
Unigel Luxembourg SA | ||||||||
8.75%, 10/1/2026(1)(7) | 253 | 71 | ||||||
1,843 | ||||||||
CHILE - 0.6% | ||||||||
ATP Tower Holdings LLC | ||||||||
4.05%, 4/27/2026(1) | 420 | 397 | ||||||
COLOMBIA - 2.0% | ||||||||
Aris Mining Corp. | ||||||||
6.88%, 8/9/2026(1) | 1,077 | 1,012 | ||||||
EnfraGen Energia Sur SA | ||||||||
5.38%, 12/30/2030(1) | 460 | 384 | ||||||
1,396 | ||||||||
CZECH REPUBLIC - 1.5% | ||||||||
Energo-Pro A/S | ||||||||
8.50%, 2/4/2027(1) | 450 | 448 | ||||||
11.00%, 11/2/2028(1) | 570 | 604 | ||||||
1,052 | ||||||||
DOMINICAN REPUBLIC - 3.8% | ||||||||
Banco Central de la Republica Dominicana | ||||||||
13.00%, 12/5/2025(1) | DOP | 87,270 | 1,500 | |||||
13.00%, 1/30/2026(1) | DOP | 69,580 | 1,201 | |||||
2,701 | ||||||||
MEXICO - 0.9% | ||||||||
Petroleos Mexicanos | ||||||||
6.95%, 1/28/2060 | 1,020 | 675 | ||||||
MOLDOVA, REPUBLIC OF - 0.4% | ||||||||
Aragvi Finance International DAC | ||||||||
8.45%, 4/29/2026(1) | 360 | 301 | ||||||
NIGERIA - 0.6% | ||||||||
SEPLAT Energy plc | ||||||||
7.75%, 4/1/2026(1) | 410 | 401 | ||||||
PARAGUAY - 0.3% | ||||||||
Frigorifico Concepcion SA | ||||||||
7.70%, 7/21/2028(1) | 310 | 211 |
Artisan Emerging Markets Debt Opportunities Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
PERU - 1.0% | ||||||||
Inkia Energy Ltd. | ||||||||
5.88%, 11/9/2027(1) | $ | 687 | $ | 684 | ||||
UNITED KINGDOM - 0.5% | ||||||||
3T Global Holdco Ltd. | ||||||||
11.25%, 5/22/2028 | 375 | 380 | ||||||
Total corporate bonds (Cost $10,056) | 10,041 | |||||||
BANK LOANS - 2.8% | ||||||||
PARAGUAY - 0.8% | ||||||||
Frigorifico Concepcion Term Loan B | ||||||||
(SOFR + 5.50%), 10.83%, 12/8/2026(3)(4)(8) | 600 | 528 | ||||||
TANZANIA - 2.0% | ||||||||
Tanzania (United Republic of) Term Loan | ||||||||
(SOFR + 5.45%), 10.70%, 3/6/2031(3)(4)(8) | 1,450 | 1,432 | ||||||
Total bank loans (Cost $2,050) | 1,960 | |||||||
SHORT-TERM INVESTMENTS - 14.4% | ||||||||
SOVEREIGN GOVERNMENT TREASURY BILLS - 12.6% | ||||||||
Arab Republic of Egypt | ||||||||
24.50%, 8/27/2024(9) | EGP | 51,000 | 1,022 | |||||
24.87%, 9/17/2024(9) | EGP | 89,600 | 1,770 | |||||
24.95%, 9/24/2024(9) | EGP | 40,625 | 799 | |||||
25.41%, 11/26/2024(9) | EGP | 25,000 | 472 | |||||
25.49%, 12/10/2024(9) | EGP | 16,300 | 305 | |||||
25.70%, 3/18/2025(9) | EGP | 23,500 | 413 | |||||
Banco Central del Uruguay | ||||||||
8.59%, 8/2/2024(9) | UYU | 26,550 | 668 | |||||
8.84%, 1/29/2025(9) | UYU | 11,210 | 270 | |||||
8.82%, 2/7/2025(9) | UYU | 10,200 | 245 | |||||
8.93%, 4/25/2025(9) | UYU | 10,100 | 239 | |||||
Federal Republic of Nigeria | ||||||||
22.95%, 2/6/2025(9) | NGN | 392,349 | 227 | |||||
23.95%, 3/6/2025(9) | NGN | 1,160,000 | 658 | |||||
24.70%, 3/27/2025(9) | NGN | 940,000 | 525 | |||||
Nigeria OMO Bill | ||||||||
26.62%, 5/20/2025(9) | NGN | 210,000 | 112 | |||||
Republic of Albania | ||||||||
3.64%, 11/28/2024(9) | ALL | 9,100 | 95 | |||||
3.28%, 12/12/2024(9) | ALL | 15,000 | 158 | |||||
3.70%, 1/30/2025(9) | ALL | 12,000 | 125 | |||||
3.71%, 2/13/2025(9) | ALL | 27,800 | 290 | |||||
3.80%, 4/17/2025(9) | ALL | 7,500 | 78 | |||||
3.76%, 5/1/2025(9) | ALL | 16,800 | 174 | |||||
Republic of Armenia | ||||||||
8.08%, 9/30/2024(9) | AMD | 60,000 | 151 | |||||
8.39%, 12/2/2024(9) | AMD | 59,000 | 147 | |||||
Total sovereign government treasury bills (Cost $9,049) | 8,943 |
Shares | ||||||||
INVESTMENT COMPANIES - 1.8% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% | 1,257 | 1,257 | ||||||
Federated Treasury Obligations Fund - Institutional Class, 5.17% | 1 | 1 | ||||||
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 5.23% | 1 | 1 | ||||||
Total investment companies (Cost $1,259) |
1,259 | |||||||
Total short-term investments (Cost $10,308) |
10,202 | |||||||
Total investments - 92.6% (Cost $66,019) |
65,536 | |||||||
Other assets less liabilities - 7.4% | 5,236 | |||||||
Total net assets - 100.0%# | $ | 70,772 |
Artisan Emerging Markets Debt Opportunities Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $39,377 or 55.6% of net assets. |
(2) | Security is a bond participation note issued by Itau BBA International plc. Bond participation notes are subject to counterparty risk with respect to the bank or broker-dealer that issues them. |
(3) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $2,810, or 4.0% of total net assets. See notes (B) and (C) in the accompanying notes. |
(4) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(5) | Security is restricted. |
Security | Acquisition Date | Cost | Value | Percentage of Total Net Assets | ||||||||||
Paraguay Treasury Bond Participation Note, 9.03%, 02/15/2030 | 08/17/2023 - 03/04/2024 | $ | 651 | $ | 648 | 0.9 | % | |||||||
Paraguay Treasury Bond Participation Note, 8.00%, 03/03/2036 | 3/27/2024 | 211 | 202 | 0.3 | % |
(6) | Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of June 30, 2024. |
(7) | Defaulted security. |
(8) | Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of June 30, 2024. |
(9) | Yield to maturity. |
Artisan Emerging Markets Debt Opportunities Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Consumer Discretionary | $ | 380 | 0.6 | % | ||||
Consumer Staples | 1,040 | 1.6 | ||||||
Energy | 3,900 | 5.9 | ||||||
Financials | 4,133 | 6.3 | ||||||
Industrials | 397 | 0.6 | ||||||
Materials | 1,083 | 1.7 | ||||||
Sovereign Government Securities | 43,333 | 66.1 | ||||||
Utilities | 1,068 | 1.6 | ||||||
Short-Term Investments | 10,202 | 15.6 | ||||||
Total investments | $ | 65,536 | 100.0 | % |
TRADING CURRENCIES
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
ALL | $ | 1,754 | 2.7 | % | ||||
AMD | 476 | 0.7 | ||||||
DOP | 2,723 | 4.2 | ||||||
EGP | 4,781 | 7.3 | ||||||
EUR | 4,939 | 7.5 | ||||||
IDR | 4,557 | 7.0 | ||||||
INR | 2,471 | 3.8 | ||||||
JMD | 536 | 0.8 | ||||||
NGN | 1,522 | 2.3 | ||||||
PEN | 4,007 | 6.1 | ||||||
PYG | 693 | 1.0 | ||||||
USD | 34,659 | 52.9 | ||||||
UYU | 1,422 | 2.2 | ||||||
ZAR | 996 | 1.5 | ||||||
Total investments | $ | 65,536 | 100.0 | % |
Artisan Emerging Markets Debt Opportunities Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
FOREIGN CURRENCY FORWARD CONTRACTS | ||||||||||||||||||||
Values in thousands | ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||||||
INR** | 101,579 | USD | 1,216 | CGM | 7/1/2024 | $ | 2 | |||||||||||||
EUR | 2,026 | CZK | 50,750 | SCB | 7/2/2024 | — | ^ | |||||||||||||
EUR | 2,303 | HUF | 909,324 | SCB | 7/2/2024 | — | ^ | |||||||||||||
EUR | 2,255 | PLN | 9,715 | SCB | 7/2/2024 | 2 | ||||||||||||||
PLN | 860 | EUR | 199 | SCB | 7/2/2024 | — | ^ | |||||||||||||
USD | 4,343 | BRL** | 23,960 | CGM | 7/2/2024 | 57 | ||||||||||||||
USD | 361 | NGN** | 330,000 | SCB | 7/8/2024 | 143 | ||||||||||||||
INR** | 68,579 | USD | 821 | CGM | 7/9/2024 | 2 | ||||||||||||||
USD | 540 | INR** | 45,000 | CGM | 7/9/2024 | — | ^ | |||||||||||||
RSD | 500,736 | EUR | 4,270 | SCB | 7/12/2024 | 8 | ||||||||||||||
MXN | 7,892 | USD | 426 | JPM | 7/15/2024 | 5 | ||||||||||||||
USD | 2,238 | PEN** | 8,403 | CGM | 7/15/2024 | 52 | ||||||||||||||
TRY | 13,900 | USD | 390 | SCB | 7/31/2024 | 22 | ||||||||||||||
EUR | 2,025 | CZK | 50,750 | SCB | 8/2/2024 | 1 | ||||||||||||||
TRY | 57,900 | USD | 1,594 | SCB | 9/10/2024 | 46 | ||||||||||||||
USD | 7,384 | EUR | 6,861 | SCB | 9/18/2024 | 8 | ||||||||||||||
KES** | 46,000 | USD | 335 | CITI | 10/15/2024 | 5 | ||||||||||||||
AMD** | 45,000 | USD | 112 | ICBCSB | 10/18/2024 | 2 | ||||||||||||||
UZS** | 200,000 | USD | 14 | SCB | 2/7/2025 | 1 | ||||||||||||||
Total unrealized appreciation | 356 | |||||||||||||||||||
USD | 1,215 | INR** | 101,579 | CGM | 7/1/2024 | (3 | ) | |||||||||||||
BRL** | 23,960 | USD | 4,578 | CGM | 7/2/2024 | (291 | ) | |||||||||||||
CZK | 50,750 | EUR | 2,053 | SCB | 7/2/2024 | (29 | ) | |||||||||||||
HUF | 909,324 | EUR | 2,325 | SCB | 7/2/2024 | (25 | ) | |||||||||||||
PLN | 8,855 | EUR | 2,069 | SCB | 7/2/2024 | (16 | ) | |||||||||||||
NGN** | 330,000 | USD | 367 | SCB | 7/8/2024 | (148 | ) | |||||||||||||
CLP** | 650,700 | USD | 707 | CGM | 7/15/2024 | (16 | ) | |||||||||||||
PEN** | 500 | USD | 133 | CGM | 7/15/2024 | (2 | ) | |||||||||||||
USD | 154 | MXN | 2,900 | JPM | 7/15/2024 | (5 | ) | |||||||||||||
USD | 1,024 | ZAR | 19,148 | SCB | 7/15/2024 | (27 | ) | |||||||||||||
KZT** | 334,204 | USD | 712 | ICBCSB | 7/29/2024 | (8 | ) | |||||||||||||
KZT** | 200,300 | USD | 427 | SCB | 7/29/2024 | (6 | ) | |||||||||||||
BRL** | 23,960 | USD | 4,328 | CGM | 8/2/2024 | (58 | ) | |||||||||||||
CZK | 50,750 | EUR | 2,025 | SCB | 8/2/2024 | (1 | ) | |||||||||||||
HUF | 909,324 | EUR | 2,297 | SCB | 8/2/2024 | (1 | ) | |||||||||||||
PLN | 9,715 | EUR | 2,251 | SCB | 8/2/2024 | (2 | ) | |||||||||||||
USD | 1,304 | IDR** | 21,515,419 | CGM | 8/19/2024 | (10 | ) | |||||||||||||
KZT** | 823,586 | USD | 1,763 | ICBCSB | 8/26/2024 | (39 | ) | |||||||||||||
KZT** | 121,000 | USD | 267 | SCB | 8/28/2024 | (14 | ) | |||||||||||||
THB | 29,090 | USD | 800 | SCB | 9/6/2024 | (2 | ) | |||||||||||||
TRY | 56,920 | USD | 1,619 | SCB | 9/10/2024 | (7 | ) | |||||||||||||
KZT** | 90,500 | USD | 197 | CITI | 9/16/2024 | (8 | ) | |||||||||||||
KZT** | 60,500 | USD | 132 | ICBCSB | 9/16/2024 | (5 | ) | |||||||||||||
EUR | 433 | USD | 465 | SCB | 9/18/2024 | (—)^ | ||||||||||||||
USD | 61 | EUR | 57 | SCB | 9/18/2024 | (—)^ | ||||||||||||||
KES** | 4,000 | USD | 30 | ICBCSB | 10/15/2024 | (—)^ | ||||||||||||||
AMD** | 52,000 | USD | 133 | ICBCSB | 10/18/2024 | (1 | ) | |||||||||||||
USD | 14 | UZS** | 200,000 | SCB | 2/7/2025 | (1 | ) | |||||||||||||
Total unrealized depreciation | (725 | ) | ||||||||||||||||||
Net unrealized depreciation | $ | (369 | ) |
** | Non-deliverable. |
Artisan Emerging Markets Debt Opportunities Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
FUTURES CONTRACTS | ||||||||||||||||||||
Values in thousands | ||||||||||||||||||||
Description | No. of Contracts | Expiration Date | Trading Currency | Notional Amount | Notional Value | Unrealized Depreciation | ||||||||||||||
Short Positions Contracts | ||||||||||||||||||||
Euro-Bobl | (6 | ) | 9/6/2024 | EUR | $ | (600 | ) | $ | (748 | ) | $ | (6 | ) | |||||||
Euro-Bund | (25 | ) | 9/6/2024 | EUR | (2,500 | ) | (3,524 | ) | (35 | ) | ||||||||||
U.S. Treasury 2 Year Note | (36 | ) | 9/30/2024 | USD | (7,200 | ) | (7,352 | ) | (15 | ) | ||||||||||
U.S. Treasury 5 Year Note | (81 | ) | 9/30/2024 | USD | (8,100 | ) | (8,633 | ) | (50 | ) | ||||||||||
U.S. Treasury 10 Year Note | (68 | ) | 9/19/2024 | USD | (6,800 | ) | (7,479 | ) | (72 | ) | ||||||||||
U.S. Treasury 10 Year Ultra Note | (11 | ) | 9/19/2024 | USD | (1,100 | ) | (1,249 | ) | (15 | ) | ||||||||||
Net unrealized depreciation | $ | (193 | ) |
CENTRALLY CLEARED CREDIT DEFAULT SWAPS - SELL PROTECTION Notional amounts and values in thousands and reported in USD unless otherwise stated | ||||||||||||||||||||||||
Reference Entity | Financing Rate Received by the Fund (%) | Frequency of Payments Made/Received | Termination Date | Notional Amount | Upfront (Payments) Receipts ($) | Unrealized Appreciation (Depreciation) ($) | Value ($) | |||||||||||||||||
Republic of Colombia | 1.00 | Quarterly | 6/20/2034 | 1,250 | (162 | ) | (18 | ) | (180 | ) | ||||||||||||||
Republic of Turki (The) | 1.00 | Quarterly | 12/20/2028 | 1,520 | (112 | ) | 19 | (93 | ) | |||||||||||||||
Total Sell Protection | (274 | ) | 1 | (273 | ) |
CENTRALLY CLEARED INTEREST RATE SWAPS Values in thousands | ||||||||||||||||||||
Floating Rate Index (Frequency) | Fixed Rate (%) (Frequency) | Fund Pays/ Receives Floating Rate | Termination Date | Notional Amount | Upfront Payments (Receipts) ($) | Unrealized Appreciation (Depreciation) ($) | Value ($) | |||||||||||||
4 week TIIE monthly | 10.53 monthly | Pay | 6/15/2026 | MXN 173,100 | (8 | ) | 45 | 37 | ||||||||||||
4 week TIIE monthly | 9.52 monthly | Pay | 9/14/2033 | MXN 16,900 | 18 | (12 | ) | 6 | ||||||||||||
6 month PRIBOR semi-annually | 3.95 annually | Pay | 12/1/2030 | CZK 31,850 | 8 | 25 | 33 | |||||||||||||
3 month JIBAR quarterly | 9.80 quarterly | Pay | 4/3/2034 | ZAR 9,600 | 1 | 22 | 23 | |||||||||||||
Total positive values | 19 | 80 | 99 | |||||||||||||||||
4 week TIIE monthly | 9.47 monthly | Pay | 3/31/2027 | MXN 50,600 | (23 | ) | (11 | ) | (34 | ) | ||||||||||
6 month PRIBOR semi-annually | 3.82 annually | Pay | 4/5/2034 | CZK 79,500 | (56 | ) | 22 | (34 | ) | |||||||||||
1 day CDI at termination | 9.87 at termination | Pay | 1/4/2027 | BRL 17,300 | (57 | ) | (97 | ) | (154 | ) | ||||||||||
1 day MIBOR semi-annually | 6.19 semi-annually | Pay | 5/26/2033 | INR 81,000 | (8 | ) | (10 | ) | (18 | ) | ||||||||||
1 day CDI at termination | 10.98 at termination | Pay | 1/2/2026 | BRL 37,640 | 16 | (152 | ) | (136 | ) | |||||||||||
1 day CDI at termination | 10.34 at termination | Pay | 1/2/2029 | BRL 2,100 | — | (36 | ) | (36 | ) | |||||||||||
Total negative values | (128 | ) | (284 | ) | (412 | ) | ||||||||||||||
Total | (109 | ) | (204 | ) | (313 | ) | ||||||||||||||
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Floating Rate Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Principal amount, shares and dollar values in thousands
Principal Amount | Value | |||||||
BANK LOANS - 87.7% | ||||||||
AUTO COMPONENTS - 1.2% | ||||||||
WP NewCo LLC Term Loan | ||||||||
(SOFR + 4.50%), 10.09%, 5/11/2028(1) | $ | 1,704 | $ | 996 | ||||
AUTOMOBILE COMPONENTS - 0.1% | ||||||||
Wheel Pros, Inc. Term Loan | ||||||||
(SOFR + 8.88%), 14.46%, 5/11/2028(1) | 67 | 72 | ||||||
BUILDING PRODUCTS - 0.5% | ||||||||
CP Atlas Buyer, Inc. Term Loan B | ||||||||
(SOFR + 3.75%), 9.19%, 11/23/2027(1) | 404 | 394 | ||||||
CAPITAL MARKETS - 3.9% | ||||||||
Aretec Group, Inc. Term Loan B2 | ||||||||
(SOFR + 4.00%), 9.34%, 8/9/2030(1) | 379 | 380 | ||||||
Edelman Financial Engines Center LLC Second Lien Term Loan | ||||||||
(SOFR + 5.25%), 10.59%, 10/6/2028(1) | 1,250 | 1,250 | ||||||
Edelman Financial Engines Center LLC Term Loan | ||||||||
(SOFR + 3.25%), 8.59%, 4/7/2028(1) | 1,339 | 1,341 | ||||||
Osaic Holdings, Inc. Term Loan | ||||||||
(SOFR + 4.00%), 9.34%, 8/17/2028(1) | 117 | 117 | ||||||
3,088 | ||||||||
COMMERCIAL SERVICES - 0.7% | ||||||||
Digital Room Holdings, Inc. First Lien Term Loan | ||||||||
(SOFR + 5.25%), 10.69%, 12/21/2028(1) | 567 | 544 | ||||||
COMMERCIAL SERVICES & SUPPLIES - 3.0% | ||||||||
OMNIA Partners LLC Term Loan | ||||||||
(SOFR + 3.25%), 8.57%, 7/25/2030(1) | 474 | 474 | ||||||
Ryan LLC Term Loan | ||||||||
(SOFR + 3.50%), 8.84%, 11/14/2030(1) | 1,039 | 1,042 | ||||||
VT Topco, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.50%), 8.84%, 8/9/2030(1) | 847 | 849 | ||||||
2,365 | ||||||||
COMMUNICATIONS EQUIPMENT - 5.3% | ||||||||
Delta Topco, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.50%), 8.85%, 11/30/2029(1) | 3,467 | 3,464 | ||||||
Delta Topco, Inc. Second Lien Term Loan | ||||||||
(SOFR + 5.25%), 10.60%, 11/29/2030(1) | 808 | 818 | ||||||
4,282 | ||||||||
CONSTRUCTION & ENGINEERING - 0.7% | ||||||||
CD&R Hydra Buyer, Inc. Term Loan | ||||||||
(SOFR + 4.00%), 9.44%, 3/25/2031(1) | 599 | 599 | ||||||
CONTAINERS & PACKAGING - 1.1% | ||||||||
Iris Holding, Inc. First Lien Term Loan | ||||||||
(SOFR + 4.75%), 10.18%, 6/28/2028(1) | 968 | 911 | ||||||
DISTRIBUTORS - 2.6% | ||||||||
Core & Main LP Term Loan D | ||||||||
(SOFR + 2.00%), 7.34%, 7/27/2028(1) | 1,195 | 1,196 | ||||||
Verde Purchaser LLC Term Loan | ||||||||
(SOFR + 4.50%), 9.83%, 11/30/2030(1) | 900 | 898 | ||||||
2,094 | ||||||||
DIVERSIFIED CONSUMER SERVICES - 2.7% | ||||||||
KUEHG Corp. Term Loan | ||||||||
(SOFR + 4.50%), 9.83%, 6/12/2030(1) | 1,490 | 1,495 | ||||||
Wand Newco 3, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.75%), 9.09%, 1/30/2031(1) | 613 | 617 | ||||||
2,112 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES - 0.5% | ||||||||
Zayo Group Holdings, Inc. Term Loan | ||||||||
(SOFR + 3.00%), 8.46%, 3/9/2027(1) | 433 | 376 | ||||||
ELECTRICAL EQUIPMENT - 0.9% | ||||||||
Indicor LLC First Lien Term Loan | ||||||||
(SOFR + 3.25%), 8.58%, 11/22/2029(1) | 699 | 702 | ||||||
ENTERTAINMENT - 1.5% | ||||||||
J&J Ventures Gaming LLC Delayed Draw Term Loan | ||||||||
(SOFR + 4.25%), 9.71%, 4/26/2028(1) | 1,238 | 1,233 | ||||||
FINANCIAL SERVICES - 2.2% | ||||||||
CNT Holdings I Corp. First Lien Term Loan | ||||||||
(SOFR + 3.50%), 8.83%, 11/8/2027(1) | 995 | 997 | ||||||
Kestra Advisor Services Holdings A, Inc. Term Loan | ||||||||
(SOFR + 4.00%), 9.34%, 3/22/2031(1) | 187 | 187 | ||||||
Trans Union LLC Term Loan B5 |
Artisan Floating Rate Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and dollar values in thousands
Principal Amount | Value | |||||||
(SOFR + 1.75%), 7.18%, 11/16/2026(1) | $ | 608 | $ | 607 | ||||
1,791 | ||||||||
FOOD - 0.6% | ||||||||
Chefs’ Warehouse, Inc. Term Loan | ||||||||
(SOFR + 4.00%), 9.34%, 8/23/2029(1) | 488 | 488 | ||||||
FOOD PRODUCTS - 3.5% | ||||||||
B&G Foods, Inc. Term Loan B4 | ||||||||
(SOFR + 2.50%), 7.84%, 10/10/2026(1) | 994 | 992 | ||||||
Fiesta Purchaser, Inc. Term Loan | ||||||||
(SOFR + 4.00%), 9.34%, 2/12/2031(1) | 1,000 | 1,006 | ||||||
H-Food Holdings LLC Term Loan | ||||||||
(SOFR + 3.69%), 9.30%, 5/23/2025(1) | 481 | 350 | ||||||
H-Food Holdings LLC Term Loan B2 | ||||||||
(SOFR + 4.00%), 9.61%, 5/23/2025(1) | 296 | 215 | ||||||
H-Food Holdings LLC Term Loan B3 | ||||||||
(SOFR + 5.00%), 10.61%, 5/23/2025(1) | 354 | 258 | ||||||
2,821 | ||||||||
FOOD SERVICE - 1.7% | ||||||||
TKC Holdings, Inc. Term Loan | ||||||||
(SOFR + 5.50%), 11.11%, 5/15/2028(1) | 1,179 | 1,176 | ||||||
TKC Midco 1 LLC Term Loan | ||||||||
12.00% Cash, 13.50% PIK, 2/15/2027 | 227 | 186 | ||||||
1,362 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES - 1.4% | ||||||||
Medline Borrower LP Term Loan | ||||||||
(SOFR + 2.75%), 8.09%, 10/23/2028(1) | 1,126 | 1,127 | ||||||
HEALTH CARE PROVIDERS & SERVICES - 4.6% | ||||||||
GoodRx Term Loan B | ||||||||
(SOFR + 3.75%), 8.98%, 1/1/2038(1) | 250 | 248 | ||||||
GoodRx, Inc. First Lien Term Loan | ||||||||
(SOFR + 2.75%), 8.19%, 10/10/2025(1) | 1,056 | 1,054 | ||||||
Mamba Purchaser, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.25%), 8.58%, 10/16/2028(1) | 809 | 808 | ||||||
Surgery Center Holdings, Inc. Term Loan | ||||||||
(SOFR + 2.75%), 8.09%, 12/19/2030(1) | 1,567 | 1,569 | ||||||
3,679 | ||||||||
HOTEL & RESORT REITS - 1.2% | ||||||||
OEG Borrower LLC Term Loan B | ||||||||
(SOFR + 3.75%), 8.83%, 6/25/2031(1) | 1,000 | 1,000 | ||||||
HOTELS, RESTAURANTS & LEISURE - 4.4% | ||||||||
BCPE Grill Parent, Inc. Term Loan | ||||||||
(SOFR + 4.75%), 10.09%, 9/30/2030(1) | 1,648 | 1,621 | ||||||
LC Ahab US Bidco LLC Term Loan | ||||||||
(SOFR + 3.50%), 8.84%, 5/1/2031(1) | 383 | 383 | ||||||
Motion Acquisition Ltd. Term Loan | ||||||||
(SOFR + 3.50%), 8.83%, 11/12/2029(1) | 1,497 | 1,497 | ||||||
3,501 | ||||||||
HOUSEHOLD DURABLES - 0.8% | ||||||||
TGP Holdings III LLC First Lien Term Loan | ||||||||
(SOFR + 3.25%), 8.69%, 6/29/2028(1) | 637 | 602 | ||||||
INSURANCE - 18.1% | ||||||||
Acrisure LLC Term Loan B | ||||||||
(SOFR + 3.00%), 8.34%, 2/16/2027(1) | 1,169 | 1,167 | ||||||
AmWINS Group, Inc. Term Loan | ||||||||
(SOFR + 2.25%), 7.71%, 2/19/2028(1) | 1,205 | 1,203 | ||||||
Amynta Agency Borrower, Inc. First Lien Term Loan | ||||||||
(SOFR + 4.25%), 9.55%, 2/28/2028(1) | 1,489 | 1,491 | ||||||
Ardonagh Group Finance Pty Ltd. First Lien Term Loan | ||||||||
(SOFR + 3.75%), 8.98%, 2/27/2031(1) | 1,000 | 997 | ||||||
AssuredPartners, Inc. Term Loan | ||||||||
(SOFR + 3.50%), 8.84%, 2/14/2031(1) | 210 | 211 | ||||||
Baldwin Insurance Group Holdings LLC Term Loan | ||||||||
(SOFR + 3.25%), 8.59%, 5/26/2031(1) | 1,231 | 1,230 | ||||||
BroadStreet Partners, Inc. Term Loan B4 | ||||||||
(SOFR + 3.25%), 8.59%, 5/9/2031(1) | 1,559 | 1,554 | ||||||
Cross Financial Corp. Term Loan B2 | ||||||||
(SOFR + 3.50%), 8.84%, 9/15/2027(1) | 998 | 1,000 | ||||||
Hub International Ltd. Term Loan | ||||||||
(SOFR + 3.25%), 8.57%, 6/20/2030(1) | 1,118 | 1,120 | ||||||
(SOFR + 3.25%), 8.58%, 6/20/2030(1) | 3 | 3 | ||||||
IMA Financial Group, Inc. Term Loan | ||||||||
(SOFR + 3.25%), 8.59%, 11/1/2028(1) | 1,186 | 1,186 | ||||||
Jones DesLauriers Insurance Management, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.50%), 8.83%, 3/15/2030(1) | 998 | 997 |
Artisan Floating Rate Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and dollar values in thousands
Principal Amount | Value | |||||||
OneDigital Borrower LLC First Lien Term Loan | ||||||||
(SOFR + 3.75%), 8.49%, 6/13/2031(1) | $ | 500 | $ | 498 | ||||
Truist Insurance Holdings LLC Second Lien Term Loan | ||||||||
(SOFR + 4.75%), 10.08%, 5/6/2032(1) | 678 | 690 | ||||||
USI, Inc. Term Loan | ||||||||
(SOFR + 2.75%), 8.09%, 11/22/2029(1) | 1,171 | 1,170 | ||||||
14,517 | ||||||||
INVESTMENT COMPANIES - 4.6% | ||||||||
Nexus Buyer LLC First Lien Term Loan | ||||||||
(SOFR + 3.75%), 9.19%, 11/9/2026(1) | 2,031 | 2,027 | ||||||
(SOFR + 4.50%), 9.84%, 12/13/2028(1) | 514 | 514 | ||||||
Nexus Buyer LLC Second Lien Term Loan | ||||||||
(SOFR + 6.25%), 11.69%, 11/5/2029(1) | 1,211 | 1,204 | ||||||
3,745 | ||||||||
IT SERVICES - 2.1% | ||||||||
Arches Buyer, Inc. Term Loan | ||||||||
(SOFR + 3.25%), 8.69%, 12/6/2027(1) | 784 | 749 | ||||||
StubHub Holdco Sub LLC Term Loan B | ||||||||
(SOFR + 4.75%), 10.09%, 3/15/2030(1) | 985 | 984 | ||||||
1,733 | ||||||||
LEISURE PRODUCTS - 1.2% | ||||||||
Bulldog Purchaser, Inc. Term Loan B | ||||||||
(SOFR + 4.25%), 9.48%, 6/13/2031(1) | 140 | 140 | ||||||
Peloton Interactive, Inc. Term Loan | ||||||||
(SOFR + 6.00%), 11.35%, 5/23/2029(1) | 806 | 806 | ||||||
946 | ||||||||
MEDIA - 1.2% | ||||||||
Virgin Media Bristol LLC Term Loan | ||||||||
(SOFR + 2.50%), 7.94%, 1/31/2028(1) | 1,000 | 955 | ||||||
MORTGAGE REAL ESTATE INVESTMENT TRUSTS (REITS) - 0.5% | ||||||||
Forest City Enterprises LP Term Loan | ||||||||
(SOFR + 3.50%), 8.96%, 12/8/2025(1) | 407 | 377 | ||||||
SOFTWARE - 10.0% | ||||||||
Applied Systems, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.50%), 8.83%, 2/24/2031(1) | 1,341 | 1,350 | ||||||
Applied Systems, Inc. Second Lien Term Loan | ||||||||
(SOFR + 5.25%), 10.58%, 2/23/2032(1) | 471 | 486 | ||||||
Central Parent LLC First Lien Term Loan | ||||||||
(SOFR + 3.25%), 8.58%, 7/6/2029(1) | 496 | 489 | ||||||
CommerceHub, Inc. First Lien Term Loan | ||||||||
(SOFR + 4.00%), 9.48%, 12/29/2027(1) | 701 | 642 | ||||||
CommerceHub, Inc. Second Lien Term Loan | ||||||||
(SOFR + 7.00%), 12.48%, 12/29/2028(1) | 60 | 48 | ||||||
Epicor Software Corp. First Lien Term Loan | ||||||||
(SOFR + 3.25%), 8.59%, 5/30/2031(1) | 1,036 | 1,040 | ||||||
Matrix Parent, Inc. First Lien Term Loan | ||||||||
(SOFR + 7.00%), 10.46%, 3/1/2029(1) | 924 | 314 | ||||||
Orchid Merger Sub II LLC Term Loan | ||||||||
(SOFR + 4.75%), 10.23%, 7/27/2027(1) | 763 | 458 | ||||||
Renaissance Holding Corp. First Lien Term Loan | ||||||||
(SOFR + 4.25%), 9.60%, 4/5/2030(1) | 777 | 776 | ||||||
UKG, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.25%), 8.58%, 2/10/2031(1) | 2,319 | 2,326 | ||||||
7,929 | ||||||||
SPECIALTY RETAIL - 1.2% | ||||||||
Evergreen Acqco 1 LP Term Loan | ||||||||
(SOFR + 3.75%), 9.08%, 4/26/2028(1) | 991 | 996 | ||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 0.9% | ||||||||
Ivanti Software, Inc. First Lien Term Loan | ||||||||
(SOFR + 4.00%), 9.56%, 12/1/2027(1) | 872 | 681 | ||||||
(SOFR + 4.25%), 9.81%, 12/1/2027(1) | 44 | 34 | ||||||
715 | ||||||||
TRANSPORTATION - 1.3% | ||||||||
SIRVA Worldwide, Inc. Delayed Draw Term Loan | ||||||||
(SOFR + 8.00%), 13.43%, 3/6/2026(1)(2)(3) | 32 | 31 | ||||||
SIRVA Worldwide, Inc. First Lien Term Loan | ||||||||
(SOFR + 5.50%), 11.09%, 8/4/2025(1) | 183 | 128 | ||||||
(SOFR + 5.50%), 11.11%, 8/4/2025(1) | 1,037 | 726 | ||||||
SIRVA Worldwide, Inc. Term Loan | ||||||||
(SOFR + 8.00%), 13.44%, 3/6/2026(1)(2)(3) | 190 | 189 | ||||||
1,074 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES - 1.5% | ||||||||
CCI Buyer, Inc. First Lien Term Loan |
Artisan Floating Rate Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and dollar values in thousands
Principal Amount | Value | |||||||
(SOFR + 4.00%), 9.33%, 12/17/2027(1) | $ | 1,167 | $ | 1,167 | ||||
Total bank loans (Cost $71,993) | 70,293 | |||||||
CORPORATE BONDS - 4.9% | ||||||||
BANKS - 0.8% | ||||||||
Goldman Sachs Capital II | ||||||||
(SOFR + 1.03%), 6.38%, 7/29/2024(1)(4) | 720 | 618 | ||||||
FOOD PRODUCTS - 0.0%^ | ||||||||
H-Food Holdings LLC | ||||||||
8.50%, 6/1/2026(5) | 5 | — | ^ | |||||
HOTELS, RESTAURANTS & LEISURE - 2.0% | ||||||||
Carnival Corp. | ||||||||
4.00%, 8/1/2028(5) | 648 | 608 | ||||||
TKC Holdings, Inc. | ||||||||
6.88%, 5/15/2028(5) | 274 | 266 | ||||||
10.50%, 5/15/2029(5) | 718 | 707 | ||||||
1,581 | ||||||||
INSURANCE - 1.2% | ||||||||
Acrisure LLC | ||||||||
4.25%, 2/15/2029(5) | 169 | 153 | ||||||
Alliant Holdings Intermediate LLC | ||||||||
4.25%, 10/15/2027(5) | 13 | 12 | ||||||
7.00%, 1/15/2031(5) | 138 | 140 | ||||||
Ardonagh Finco Ltd. | ||||||||
7.75%, 2/15/2031(5)(6) | 675 | 667 | ||||||
972 | ||||||||
IT SERVICES - 0.8% | ||||||||
Arches Buyer, Inc. | ||||||||
4.25%, 6/1/2028(5) | 684 | 611 | ||||||
SPECIALTY RETAIL - 0.1% | ||||||||
Evergreen Acqco 1 LP | ||||||||
9.75%, 4/26/2028(5) | 102 | 109 | ||||||
Total corporate bonds (Cost $3,916) | 3,891 |
No. of Warrants‡ | ||||||||
WARRANTS - 0.0% | ||||||||
FINANCIAL SERVICES - 0.0% | ||||||||
Carnelian Point Holdings LP, expiring 6/30/2027, strike price 10 (Cost $—)*(2)(3)(7) | 1 | — |
Shares | ||||||||
SHORT-TERM INVESTMENT - 12.7% | ||||||||
INVESTMENT COMPANY - 12.7% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $10,210) | 10,210 | 10,210 | ||||||
Total investments - 105.3% (Cost $86,119) | 84,394 | |||||||
Other assets less liabilities - (5.3%) | (4,284 | ) | ||||||
Total net assets - 100.0%# | $ | 80,110 |
Artisan Floating Rate Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of June 30, 2024. |
(2) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(3) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $220, or 0.3% of total net assets. See notes (B) and (C) in the accompanying notes. |
(4) | Perpetual security. The rate reflected was the rate in effect on June 30, 2024. The maturity date reflects the next call date. |
(5) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. May be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(6) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency |
Ardonagh Finco Ltd., 7.75%, 2/15/2031 | United Kingdom | USD |
(7) | Defaulted security. |
UNFUNDED LOAN COMMITMENTS
Pursuant to the terms of the following bank loan agreements, the portfolio had unfunded loan commitments of $232 or 0.3% of the total net assets as of June 30, 2024, which could be drawn at the option of the borrower:
Borrower | Unfunded Commitment Amount | Unfunded Value | Unrealized Appreciation (Depreciation) | |||||||||
Epicor Software Corp. Delayed Draw Term Loan | $ | 121 | $ | 122 | $ | 1 | ||||||
Ryan LLC Delayed Draw Term Loan | 83 | 84 | 1 | |||||||||
SIRVA Worldwide, Inc. Delayed Draw Term Loan | 28 | 27 | (1 | ) | ||||||||
Total | $ | 232 | $ | 233 | $ | 1 |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 3,731 | 4.5 | % | ||||
Consumer Discretionary | 12,013 | 14.2 | ||||||
Consumer Staples | 4,671 | 5.5 | ||||||
Financials | 25,107 | 29.7 | ||||||
Health Care | 4,806 | 5.7 | ||||||
Industrials | 6,674 | 7.9 | ||||||
Information Technology | 15,271 | 18.1 | ||||||
Materials | 911 | 1.1 | ||||||
Real Estate | 1,000 | 1.2 | ||||||
Short-Term Investment | 10,210 | 12.1 | ||||||
Total investments | $ | 84,394 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Focus Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 89.2% | ||||||||
AEROSPACE & DEFENSE - 13.7% | ||||||||
General Electric Co. | 426 | $ | 67,793 | |||||
Safran SA(1)(2) | 159 | 33,552 | ||||||
TransDigm Group, Inc. | 35 | 45,086 | ||||||
146,431 | ||||||||
BROADLINE RETAIL - 6.1% | ||||||||
Amazon.com, Inc.* | 341 | 65,968 | ||||||
BUILDING PRODUCTS - 1.0% | ||||||||
Trane Technologies plc | 33 | 10,886 | ||||||
CAPITAL MARKETS - 6.0% | ||||||||
Goldman Sachs Group, Inc. (The) | 118 | 53,598 | ||||||
S&P Global, Inc. | 25 | 10,940 | ||||||
64,538 | ||||||||
COMMUNICATIONS EQUIPMENT - 3.1% | ||||||||
Motorola Solutions, Inc. | 85 | 32,906 | ||||||
CONSUMER STAPLES DISTRIBUTION & RETAIL - 2.0% | ||||||||
Walmart, Inc. | 311 | 21,090 | ||||||
ELECTRICAL EQUIPMENT - 5.1% | ||||||||
Eaton Corp. plc | 70 | 21,949 | ||||||
GE Vernova, Inc.* | 194 | 33,300 | ||||||
55,249 | ||||||||
ENTERTAINMENT - 2.4% | ||||||||
Spotify Technology SA* | 81 | 25,509 | ||||||
FINANCIAL SERVICES - 3.1% | ||||||||
Visa, Inc., Class A | 128 | 33,477 | ||||||
GROUND TRANSPORTATION - 3.0% | ||||||||
Canadian Pacific Kansas City Ltd.(1) | 406 | 31,977 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES - 2.1% | ||||||||
Intuitive Surgical, Inc.* | 51 | 22,631 | ||||||
LIFE SCIENCES TOOLS & SERVICES - 4.7% | ||||||||
Danaher Corp. | 138 | 34,452 | ||||||
Mettler-Toledo International, Inc.* | 11 | 15,985 | ||||||
50,437 | ||||||||
PHARMACEUTICALS - 2.3% | ||||||||
Eli Lilly & Co. | 27 | 24,847 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 19.3% | ||||||||
ASML Holding NV(1)(2) | 21 | 21,779 | ||||||
Broadcom, Inc. | 17 | 27,435 | ||||||
NVIDIA Corp. | 670 | 82,714 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR(1) | 434 | 75,415 | ||||||
207,343 | ||||||||
SOFTWARE - 11.8% | ||||||||
HubSpot, Inc.* | 35 | 20,860 | ||||||
Microsoft Corp. | 236 | 105,263 | ||||||
126,123 | ||||||||
SPECIALIZED REITS - 3.5% | ||||||||
American Tower Corp. | 137 | 26,615 | ||||||
Digital Realty Trust, Inc. | 71 | 10,864 | ||||||
37,479 | ||||||||
Total common stocks (Cost $727,537) | 956,891 |
No. of Contracts‡ | ||||||||
OPTIONS PURCHASED - 2.5% | ||||||||
CALL OPTIONS - 1.6% | ||||||||
HOTELS, RESTAURANTS & LEISURE - 0.2% | ||||||||
DraftKings, Inc. | ||||||||
9/20/2024 at USD 38.00; Notional Amount: USD 15,970 | 4,184 | 1,621 | ||||||
PHARMACEUTICALS - 0.1% | ||||||||
Eli Lilly & Co. | ||||||||
8/16/2024 at USD 900.00; Notional Amount: USD 17,383 | 192 | 871 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1% | ||||||||
Micron Technology, Inc. | ||||||||
9/20/2024 at USD 135.00; Notional Amount: USD 19,914 | 1,514 | 1,518 | ||||||
SOFTWARE - 0.1% | ||||||||
HubSpot, Inc. | ||||||||
9/20/2024 at USD 610.00; Notional Amount: USD 19,994 | 339 | 1,478 | ||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 1.1% | ||||||||
Apple, Inc. | ||||||||
11/15/2024 at USD 200.00; Notional Amount: USD 102,551 | 4,869 | 10,091 | ||||||
Western Digital Corp. | ||||||||
8/16/2024 at USD 80.00; Notional Amount: USD 29,171 | 3,850 | 1,171 | ||||||
11,262 |
Artisan Focus Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
No. of Contracts‡ | Value | |||||||
Total Call Options | $ | 16,750 | ||||||
PUT OPTIONS - 0.9% | ||||||||
BROADLINE RETAIL - 0.3% | ||||||||
Amazon.com, Inc. | ||||||||
8/16/2024 at USD 195.00; Notional Amount: USD 53,028 | 2,744 | 2,820 | ||||||
CAPITAL MARKETS - 0.0%^ | ||||||||
Goldman Sachs Group, Inc. (The) | ||||||||
7/19/2024 at USD 440.00; Notional Amount: USD 36,186 | 800 | 508 | ||||||
LIFE SCIENCES TOOLS & SERVICES - 0.1% | ||||||||
Danaher Corp. | ||||||||
7/19/2024 at USD 260.00; Notional Amount: USD 34,429 | 1,378 | 1,578 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.3% | ||||||||
NVIDIA Corp. | ||||||||
8/16/2024 at USD 121.00; Notional Amount: USD 46,624 | 3,774 | 2,736 | ||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 0.2% | ||||||||
Apple, Inc. | ||||||||
8/16/2024 at USD 210.00; Notional Amount: USD 86,544 | 4,109 | 2,537 | ||||||
Total Put Options | 10,179 | |||||||
Total Options Purchased (Cost $24,974) | 26,929 |
Shares Held | ||||||||
SHORT-TERM INVESTMENT - 7.8% | ||||||||
INVESTMENT COMPANY - 7.8% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $83,207) | 83,207 | 83,207 | ||||||
Total investments - 99.5% (Cost $835,718) | 1,067,027 | |||||||
Other assets less liabilities - 0.5% | 5,610 | |||||||
Total net assets - 100.0%# | $ | 1,072,637 |
Artisan Focus Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency |
ASML Holding NV | Netherlands | EUR |
Canadian Pacific Kansas City Ltd. | Canada | USD |
Safran SA | France | EUR |
Taiwan Semiconductor Manufacturing Co. Ltd. | Taiwan | USD |
(2) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $55,331, or 5.2% of total net assets. See notes (B) and (C) in the accompanying notes. |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 25,509 | 2.4 | % | ||||
Consumer Discretionary | 70,409 | 6.6 | ||||||
Consumer Staples | 21,090 | 2.0 | ||||||
Financials | 98,523 | 9.2 | ||||||
Health Care | 100,365 | 9.4 | ||||||
Industrials | 244,542 | 22.9 | ||||||
Information Technology | 385,904 | 36.2 | ||||||
Real Estate | 37,478 | 3.5 | ||||||
Short-Term Investment | 83,207 | 7.8 | ||||||
Total investments | $ | 1,067,027 | 100.0 | % |
TRADING CURRENCIES
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
EUR | $ | 55,331 | 5.2 | % | ||||
USD | 1,011,696 | 94.8 | ||||||
Total investments | $ | 1,067,027 | 100.0 | % |
Artisan Focus Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
FOREIGN CURRENCY FORWARD CONTRACTS
Values in thousands
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||
CAD | 12,358 | USD | 8,994 | JPM | 7/18/2024 | $ | 43 | |||||||||
EUR | 11,771 | USD | 12,600 | JPM | 7/18/2024 | 16 | ||||||||||
USD | 53,856 | CAD | 73,513 | JPM | 7/18/2024 | 99 | ||||||||||
USD | 33,151 | EUR | 30,592 | JPM | 7/18/2024 | 363 | ||||||||||
USD | 10,379 | GBP | 8,140 | JPM | 8/22/2024 | 85 | ||||||||||
Total unrealized appreciation | 606 | |||||||||||||||
CAD | 26,736 | USD | 19,633 | JPM | 7/18/2024 | (82 | ) | |||||||||
EUR | 29,010 | USD | 31,191 | JPM | 7/18/2024 | (99 | ) | |||||||||
USD | 5,661 | CAD | 7,756 | JPM | 7/18/2024 | (11 | ) | |||||||||
USD | 64,515 | EUR | 60,440 | JPM | 7/18/2024 | (262 | ) | |||||||||
GBP | 8,140 | USD | 10,384 | JPM | 8/22/2024 | (90 | ) | |||||||||
Total unrealized depreciation | (544 | ) | ||||||||||||||
Net unrealized appreciation | $ | 62 |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Global Discovery Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 95.2% | ||||||||
BRAZIL - 1.2% | ||||||||
NU Holdings Ltd., Class A* | 214 | $ | 2,757 | |||||
DENMARK - 4.2% | ||||||||
Ascendis Pharma A/S, ADR* | 39 | 5,292 | ||||||
Novonesis (Novozymes) B, Class B(1) | 32 | 1,927 | ||||||
Vestas Wind Systems A/S*(1) | 114 | 2,641 | ||||||
9,860 | ||||||||
GERMANY - 7.7% | ||||||||
adidas AG(1) | 26 | 6,137 | ||||||
Gerresheimer AG(1) | 52 | 5,556 | ||||||
Nemetschek SE(1) | 38 | 3,703 | ||||||
Sartorius AG (Preference)(1) | 11 | 2,627 | ||||||
18,023 | ||||||||
HONG KONG - 2.2% | ||||||||
Techtronic Industries Co. Ltd.(1) | 456 | 5,206 | ||||||
ITALY - 0.9% | ||||||||
Brunello Cucinelli SpA(1) | 20 | 2,044 | ||||||
NETHERLANDS - 4.9% | ||||||||
Argenx SE, ADR* | 19 | 8,224 | ||||||
Redcare Pharmacy NV*(1)(2) | 26 | 3,188 | ||||||
11,412 | ||||||||
SINGAPORE - 1.2% | ||||||||
Sea Ltd., ADR* | 38 | 2,740 | ||||||
SWEDEN - 1.2% | ||||||||
MIPS AB(1) | 74 | 2,899 | ||||||
SWITZERLAND - 1.7% | ||||||||
Galderma Group AG*(1) | 28 | 2,295 | ||||||
On Holding AG, Class A* | 42 | 1,617 | ||||||
3,912 | ||||||||
UNITED KINGDOM - 9.7% | ||||||||
Babcock International Group plc(1) | 493 | 3,250 | ||||||
London Stock Exchange Group plc(1) | 62 | 7,389 | ||||||
Melrose Industries plc(1) | 1,004 | 7,012 | ||||||
Smiths Group plc(1) | 234 | 5,049 | ||||||
22,700 | ||||||||
UNITED STATES - 60.3% | ||||||||
Advanced Micro Devices, Inc.* | 16 | 2,611 | ||||||
Arista Networks, Inc.* | 7 | 2,368 | ||||||
Atlassian Corp., Class A* | 22 | 3,841 | ||||||
Bentley Systems, Inc., Class B | 63 | 3,124 | ||||||
CCC Intelligent Solutions Holdings, Inc.* | 241 | 2,677 | ||||||
Celsius Holdings, Inc.* | 41 | 2,334 | ||||||
Clearwater Analytics Holdings, Inc., Class A* | 245 | 4,537 | ||||||
Elastic NV* | 21 | 2,434 | ||||||
Equifax, Inc. | 11 | 2,669 | ||||||
Flex Ltd.* | 97 | 2,850 | ||||||
Gitlab, Inc., Class A* | 49 | 2,415 | ||||||
GoDaddy, Inc., Class A* | 18 | 2,452 | ||||||
Guidewire Software, Inc.* | 43 | 5,986 | ||||||
Hubbell, Inc., Class B | 9 | 3,148 | ||||||
HubSpot, Inc.* | 6 | 3,342 | ||||||
Ingersoll Rand, Inc. | 33 | 3,036 | ||||||
iRhythm Technologies, Inc.* | 43 | 4,633 | ||||||
Lattice Semiconductor Corp.* | 95 | 5,495 | ||||||
Liberty Media Corp-Liberty Formula One, Class C* | 41 | 2,910 | ||||||
Live Nation Entertainment, Inc.* | 28 | 2,656 | ||||||
MACOM Technology Solutions Holdings, Inc.* | 66 | 7,387 | ||||||
Monday.com Ltd.* | 9 | 2,189 | ||||||
Monolithic Power Systems, Inc. | 5 | 3,959 | ||||||
ON Semiconductor Corp.* | 53 | 3,643 | ||||||
Onto Innovation, Inc.* | 9 | 1,978 | ||||||
Pool Corp. | 6 | 1,869 | ||||||
Quanta Services, Inc. | 14 | 3,600 | ||||||
Saia, Inc.* | 10 | 4,545 | ||||||
Spotify Technology SA* | 19 | 5,954 | ||||||
Tradeweb Markets, Inc., Class A | 38 | 4,025 | ||||||
Trex Co., Inc.* | 45 | 3,370 | ||||||
Twist Bioscience Corp.* | 99 | 4,900 | ||||||
Tyler Technologies, Inc.* | 22 | 11,068 | ||||||
Veeva Systems, Inc., Class A* | 24 | 4,436 | ||||||
Vertiv Holdings Co., Class A | 19 | 1,666 | ||||||
West Pharmaceutical Services, Inc. | 15 | 5,040 | ||||||
Westinghouse Air Brake Technologies Corp. | 17 | 2,678 | ||||||
Wingstop, Inc. | 4 | 1,651 | ||||||
Workiva, Inc., Class A* | 20 | 1,427 | ||||||
140,903 | ||||||||
Total common stocks | ||||||||
(Cost $163,606) | 222,456 | |||||||
SHORT-TERM INVESTMENT - 4.2% | ||||||||
INVESTMENT COMPANY - 4.2% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $9,734) | 9,734 | 9,734 | ||||||
Total investments - 99.4% (Cost $173,340) | 232,190 | |||||||
Other assets less liabilities - 0.6% | 1,445 | |||||||
Total net assets - 100.0%# | $ | 233,635 |
Artisan Global Discovery Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $60,923, or 26.1% of total net assets. See notes (B) and (C) in the accompanying notes. |
(2) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $3,188 or 1.4% of net assets. |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 14,260 | 6.2 | % | ||||
Consumer Discretionary | 16,217 | 7.0 | ||||||
Consumer Staples | 5,522 | 2.4 | ||||||
Financials | 14,171 | 6.1 | ||||||
Health Care | 43,003 | 18.5 | ||||||
Industrials | 47,870 | 20.6 | ||||||
Information Technology | 79,486 | 34.2 | ||||||
Materials | 1,927 | 0.8 | ||||||
Short-Term Investment | 9,734 | 4.2 | ||||||
Total investments | $ | 232,190 | 100.0 | % |
TRADING CURRENCIES
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
CHF | $ | 2,295 | 1.0 | % | ||||
DKK | 4,568 | 2.0 | ||||||
EUR | 23,255 | 10.0 | ||||||
GBP | 22,700 | 9.8 | ||||||
HKD | 5,206 | 2.2 | ||||||
SEK | 2,899 | 1.2 | ||||||
USD | 171,267 | 73.8 | ||||||
Total investments | $ | 232,190 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Global Equity Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 99.6% | ||||||||
BELGIUM - 3.4% | ||||||||
D’ieteren Group(1) | 16 | $ | 3,339 | |||||
UCB SA(1) | 18 | 2,686 | ||||||
6,025 | ||||||||
CANADA - 1.0% | ||||||||
Shopify, Inc., Class A* | 28 | 1,837 | ||||||
CHILE - 0.8% | ||||||||
Holding Bursatil Regional SA | 329 | 1,355 | ||||||
CHINA - 0.9% | ||||||||
Innovent Biologics, Inc.*(1)(2) | 347 | 1,634 | ||||||
DENMARK - 7.5% | ||||||||
NKT A/S*(1) | 34 | 2,955 | ||||||
Novo Nordisk A/S, ADR | 1 | 93 | ||||||
Novo Nordisk A/S, Class B(1) | 67 | 9,528 | ||||||
Novonesis (Novozymes) B, Class B(1) | 9 | 543 | ||||||
13,119 | ||||||||
FRANCE - 1.5% | ||||||||
AXA SA(1) | 57 | 1,864 | ||||||
Dassault Aviation SA(1) | 4 | 692 | ||||||
2,556 | ||||||||
GERMANY - 4.6% | ||||||||
Deutsche Bank AG(1) | 137 | 2,182 | ||||||
TUI AG*(1) | 841 | 5,930 | ||||||
8,112 | ||||||||
IRELAND - 2.8% | ||||||||
AerCap Holdings NV | 52 | 4,891 | ||||||
ITALY - 7.1% | ||||||||
BFF Bank SpA(1)(2) | 773 | 7,361 | ||||||
Mediobanca Banca di Credito Finanziario SpA(1) | 134 | 1,979 | ||||||
UniCredit SpA(1) | 43 | 1,620 | ||||||
Wizz Air Holdings plc*(1)(2) | 50 | 1,418 | ||||||
12,378 | ||||||||
JAPAN - 7.8% | ||||||||
Mitsui Fudosan Co. Ltd.(1) | 161 | 1,480 | ||||||
Nippon Sanso Holdings Corp.(1) | 99 | 2,931 | ||||||
Otsuka Holdings Co. Ltd.(1) | 63 | 2,652 | ||||||
Resona Holdings, Inc.(1) | 180 | 1,193 | ||||||
Sumitomo Mitsui Financial Group, Inc.(1) | 36 | 2,435 | ||||||
Takeuchi Manufacturing Co. Ltd.(1) | 20 | 709 | ||||||
Tokyu Corp.(1) | 135 | 1,482 | ||||||
Tokyu Fudosan Holdings Corp.(1) | 107 | 719 | ||||||
13,601 | ||||||||
POLAND - 0.5% | ||||||||
InPost SA*(1) | 54 | 945 | ||||||
RUSSIA - 0.0% | ||||||||
GMK Norilskiy Nickel PAO, ADR*(1)(3)(4) | 136 | — | ||||||
Sberbank of Russia PJSC*(1)(3)(4) | 1,137 | — | ||||||
— | ||||||||
SOUTH KOREA - 3.1% | ||||||||
Hanwha Aerospace Co. Ltd.(1) | 11 | 1,903 | ||||||
LIG Nex1 Co. Ltd.(1) | 23 | 3,622 | ||||||
5,525 | ||||||||
SPAIN - 1.4% | ||||||||
Aena SME SA(1)(2) | 12 | 2,487 | ||||||
SWITZERLAND - 8.7% | ||||||||
Galderma Group AG*(1) | 5 | 417 | ||||||
Medacta Group SA(1)(2) | 5 | 739 | ||||||
SGS SA(1) | 15 | 1,370 | ||||||
Temenos AG(1) | 65 | 4,499 | ||||||
UBS Group AG(1) | 279 | 8,171 | ||||||
15,196 | ||||||||
UNITED KINGDOM - 7.1% | ||||||||
BAE Systems plc(1) | 335 | 5,595 | ||||||
Domino’s Pizza Group plc(1) | 529 | 2,050 | ||||||
JET2 plc(1) | 100 | 1,657 | ||||||
Melrose Industries plc(1) | 363 | 2,536 | ||||||
On the Beach Group plc(1)(2) | 382 | 660 | ||||||
12,498 | ||||||||
UNITED STATES - 41.4% | ||||||||
Alphabet, Inc., Class C | 20 | 3,696 | ||||||
Amazon.com, Inc.* | 51 | 9,765 | ||||||
Arthur J Gallagher & Co. | 9 | 2,292 | ||||||
Coca-Cola Co. (The) | 38 | 2,433 | ||||||
CoStar Group, Inc.* | 32 | 2,360 | ||||||
Estee Lauder Cos., Inc. (The), Class A | 15 | 1,640 | ||||||
General Electric Co. | 40 | 6,436 | ||||||
Geron Corp.* | 198 | 837 | ||||||
Halozyme Therapeutics, Inc.* | 137 | 7,157 | ||||||
Linde plc | 3 | 1,099 | ||||||
Lowe’s Cos., Inc. | 9 | 2,011 | ||||||
Meta Platforms, Inc., Class A | 20 | 9,848 | ||||||
Microsoft Corp. | 16 | 7,028 | ||||||
Natera, Inc.* | 62 | 6,706 | ||||||
RTX Corp. | 21 | 2,093 | ||||||
Stryker Corp. | 7 | 2,381 | ||||||
Visa, Inc., Class A | 19 | 4,936 | ||||||
72,718 | ||||||||
Total common stocks | ||||||||
(Cost $144,752) | 174,877 | |||||||
SHORT-TERM INVESTMENT - 0.4% | ||||||||
INVESTMENT COMPANY - 0.4% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $620) | 620 | 620 |
Artisan Global Equity Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Value | ||||
Total investments - 100.0% (Cost $145,372) | $ | 175,497 | ||
Other assets less liabilities – (0.0%)^ | (12 | ) | ||
Total net assets - 100.0%# | $ | 175,485 |
Artisan Global Equity Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $93,983, or 53.6% of total net assets. See notes (B) and (C) in the accompanying notes. |
(2) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $14,299 or 8.1% of net assets. |
(3) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(4) | Security is restricted. |
Security | Acquisition Date | Cost | Value | Percentage of Total Net Assets | ||||||||||
GMK Norilskiy Nickel PAO | 11/09/2020 - 01/14/2022 | $ | 4,291 | $ | — | 0.0 | % | |||||||
Sberbank of Russia PJSC | 09/16/2021 - 02/11/2022 | 4,750 | — | 0.0 |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 13,544 | 7.7 | % | ||||
Consumer Discretionary | 23,755 | 13.5 | ||||||
Consumer Staples | 4,073 | 2.3 | ||||||
Financials | 35,388 | 20.2 | ||||||
Health Care | 34,830 | 19.9 | ||||||
Industrials | 40,791 | 23.2 | ||||||
Information Technology | 13,364 | 7.6 | ||||||
Materials | 4,573 | 2.6 | ||||||
Real Estate | 4,559 | 2.6 | ||||||
Short-Term Investment | 620 | 0.4 | ||||||
Total investments | $ | 175,497 | 100.0 | % |
TRADING CURRENCIES
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
CHF | $ | 15,196 | 8.7 | % | ||||
CLP | 1,355 | 0.8 | ||||||
DKK | 13,026 | 7.4 | ||||||
EUR | 31,085 | 17.7 | ||||||
GBP | 13,916 | 7.9 | ||||||
HKD | 1,634 | 0.9 | ||||||
JPY | 13,601 | 7.8 | ||||||
KRW | 5,525 | 3.1 | ||||||
RUB | — | 0.0 | ||||||
USD | 80,159 | 45.7 | ||||||
Total investments | $ | 175,497 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Global Opportunities Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 95.3% | ||||||||
BRAZIL - 1.6% | ||||||||
NU Holdings Ltd., Class A* | 3,252 | $ | 41,917 | |||||
CANADA - 1.3% | ||||||||
Shopify, Inc., Class A* | 519 | 34,284 | ||||||
CHINA - 2.2% | ||||||||
Tencent Holdings Ltd.(1) | 1,177 | 55,857 | ||||||
DENMARK - 7.1% | ||||||||
Novo Nordisk A/S, Class B(1) | 1,083 | 154,673 | ||||||
Vestas Wind Systems A/S*(1) | 1,181 | 27,259 | ||||||
181,932 | ||||||||
GERMANY - 2.3% | ||||||||
adidas AG(1) | 251 | 59,962 | ||||||
HONG KONG - 2.8% | ||||||||
Techtronic Industries Co. Ltd.(1) | 6,389 | 72,951 | ||||||
JAPAN - 3.7% | ||||||||
Hoya Corp.(1) | 310 | 36,237 | ||||||
Keyence Corp.(1) | 130 | 57,397 | ||||||
93,634 | ||||||||
NETHERLANDS - 2.5% | ||||||||
Argenx SE, ADR* | 149 | 64,198 | ||||||
SWEDEN - 1.5% | ||||||||
Hexagon AB, Class B(1) | 3,305 | 37,095 | ||||||
SWITZERLAND - 3.1% | ||||||||
Cie Financiere Richemont SA(1) | 131 | 20,387 | ||||||
Lonza Group AG(1) | 109 | 59,066 | ||||||
79,453 | ||||||||
TAIWAN - 3.8% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 568 | 98,657 | ||||||
UNITED KINGDOM - 7.0% | ||||||||
AstraZeneca plc(1) | 346 | 53,885 | ||||||
BAE Systems plc(1) | 1,678 | 28,026 | ||||||
London Stock Exchange Group plc(1) | 665 | 78,852 | ||||||
RELX plc(1) | 424 | 19,417 | ||||||
180,180 | ||||||||
UNITED STATES - 56.4% | ||||||||
Advanced Micro Devices, Inc.* | 678 | 109,915 | ||||||
Alphabet, Inc., Class A | 393 | 71,565 | ||||||
Amazon.com, Inc.* | 429 | 82,851 | ||||||
Arista Networks, Inc.* | 122 | 42,720 | ||||||
ARM Holdings plc, ADR* | 290 | 47,393 | ||||||
Atlassian Corp., Class A* | 315 | 55,709 | ||||||
Boston Scientific Corp.* | 1,751 | 134,881 | ||||||
Chipotle Mexican Grill, Inc., Class A* | 889 | 55,686 | ||||||
CoStar Group, Inc.* | 421 | 31,233 | ||||||
Danaher Corp. | 241 | 60,299 | ||||||
Dexcom, Inc.* | 302 | 34,225 | ||||||
Eaton Corp. plc | 119 | 37,376 | ||||||
Ecolab, Inc. | 158 | 37,579 | ||||||
Ferguson plc | 83 | 16,082 | ||||||
Ingersoll Rand, Inc. | 363 | 33,003 | ||||||
Intuit, Inc. | 134 | 87,881 | ||||||
Linde plc | 122 | 53,531 | ||||||
Microsoft Corp. | 182 | 81,235 | ||||||
Netflix, Inc.* | 151 | 102,182 | ||||||
NIKE, Inc., Class B | 171 | 12,906 | ||||||
ON Semiconductor Corp.* | 438 | 30,039 | ||||||
Oracle Corp. | 116 | 16,384 | ||||||
Quanta Services, Inc. | 166 | 42,170 | ||||||
S&P Global, Inc. | 83 | 37,219 | ||||||
Veeva Systems, Inc., Class A* | 162 | 29,707 | ||||||
Vertex Pharmaceuticals, Inc.* | 63 | 29,700 | ||||||
West Pharmaceutical Services, Inc. | 115 | 37,890 | ||||||
Xylem, Inc. | 310 | 42,046 | ||||||
1,453,407 | ||||||||
Total common stocks | ||||||||
(Cost $1,598,602) | 2,453,527 | |||||||
SHORT-TERM INVESTMENT - 4.3% | ||||||||
INVESTMENT COMPANY - 4.3% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $111,725) | 111,725 | 111,725 | ||||||
Total investments - 99.6% (Cost $1,710,327) | 2,565,252 | |||||||
Other assets less liabilities - 0.4% | 10,630 | |||||||
Total net assets - 100.0%# | $ | 2,575,882 |
Artisan Global Opportunities Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $761,064, or 29.5% of total net assets. See notes (B) and (C) in the accompanying notes. |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 229,604 | 8.9 | % | ||||
Consumer Discretionary | 231,792 | 9.0 | ||||||
Financials | 157,988 | 6.2 | ||||||
Health Care | 694,761 | 27.1 | ||||||
Industrials | 318,330 | 12.4 | ||||||
Information Technology | 698,709 | 27.2 | ||||||
Materials | 91,110 | 3.6 | ||||||
Real Estate | 31,233 | 1.2 | ||||||
Short-Term Investment | 111,725 | 4.4 | ||||||
Total investments | $ | 2,565,252 | 100.0 | % |
TRADING CURRENCIES
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
CHF | $ | 79,453 | 3.1 | % | ||||
DKK | 181,932 | 7.1 | ||||||
EUR | 59,962 | 2.3 | ||||||
GBP | 180,180 | 7.0 | ||||||
HKD | 128,808 | 5.0 | ||||||
JPY | 93,634 | 3.7 | ||||||
SEK | 37,095 | 1.5 | ||||||
USD | 1,804,188 | 70.3 | ||||||
Total investments | $ | 2,565,252 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
SOVEREIGN GOVERNMENT BONDS AND BOND PARTICIPATION NOTES - 53.4% | ||||||||
ALBANIA - 1.0% | ||||||||
Albanian Government Bond | ||||||||
4.21%, 1/15/2026 | ALL | 23,100 | $ | 247 | ||||
5.00%, 2/24/2026 | ALL | 16,200 | 176 | |||||
6.00%, 2/13/2028 | ALL | 12,500 | 141 | |||||
5.25%, 1/26/2029 | ALL | 21,500 | 233 | |||||
5.63%, 11/8/2030 | ALL | 26,000 | 278 | |||||
1,075 | ||||||||
ANGOLA - 1.0% | ||||||||
Republic of Angola | ||||||||
6.93%, 2/19/2027(1) | $ | 69 | 66 | |||||
8.25%, 5/9/2028(1) | 290 | 273 | ||||||
9.13%, 11/26/2049(1) | 850 | 697 | ||||||
1,036 | ||||||||
ARMENIA - 0.2% | ||||||||
Republic of Armenia | ||||||||
9.25%, 4/29/2028 | AMD | 75,000 | 191 | |||||
BAHAMAS - 4.1% | ||||||||
Commonwealth of the Bahamas | ||||||||
6.00%, 11/21/2028(1) | 3,275 | 2,862 | ||||||
9.00%, 6/16/2029(1) | 550 | 522 | ||||||
6.95%, 11/20/2029(1) | 302 | 260 | ||||||
8.95%, 10/15/2032(1) | 700 | 654 | ||||||
4,298 | ||||||||
BENIN - 1.5% | ||||||||
Benin Government Bond | ||||||||
4.88%, 1/19/2032(1) | EUR | 1,560 | 1,397 | |||||
6.88%, 1/19/2052(1) | EUR | 190 | 160 | |||||
1,557 | ||||||||
CAMEROON - 1.7% | ||||||||
Republic of Cameroon | ||||||||
9.50%, 11/19/2025(1) | 1,167 | 1,149 | ||||||
5.95%, 7/7/2032(1) | EUR | 720 | 598 | |||||
1,747 | ||||||||
COLOMBIA - 1.4% | ||||||||
Republic of Colombia | ||||||||
8.00%, 11/14/2035 | 1,431 | 1,471 | ||||||
DOMINICAN REPUBLIC - 0.0%^ | ||||||||
Dominican Republic Government Bond | ||||||||
6.50%, 11/27/2026(1) | DOP | 1,230 | 19 | |||||
EGYPT - 0.8% | ||||||||
Arab Republic of Egypt | ||||||||
7.50%, 2/16/2061(1) | 1,200 | 804 | ||||||
EL SALVADOR - 0.7% | ||||||||
Republic of El Salvador | ||||||||
0.25%, 4/17/2030 IO(1) | 747 | 21 | ||||||
9.25%, 4/17/2030(1) | 747 | 664 | ||||||
685 | ||||||||
GABON - 1.4% | ||||||||
Gabonese Republic | ||||||||
6.95%, 6/16/2025(1) | 1,580 | 1,446 | ||||||
GEORGIA - 0.9% | ||||||||
Republic of Georgia | ||||||||
2.75%, 4/22/2026(1) | 1,070 | 982 | ||||||
ICELAND - 4.1% | ||||||||
Republic of Iceland | ||||||||
8.00%, 6/12/2025 | ISK | 181,500 | 1,294 | |||||
6.75%, 10/15/2026 | ISK | 428,443 | 2,975 | |||||
4,269 | ||||||||
INDIA - 1.8% | ||||||||
International Bank for Reconstruction & Development | ||||||||
6.50%, 4/17/2030 | INR | 63,000 | 734 | |||||
Republic of India | ||||||||
7.54%, 5/23/2036 | INR | 88,000 | 1,093 | |||||
1,827 | ||||||||
INDONESIA - 2.5% | ||||||||
Republic of Indonesia | ||||||||
6.88%, 4/15/2029 | IDR | 15,900,000 | 967 | |||||
7.50%, 8/15/2032 | IDR | 6,200,000 | 387 | |||||
7.13%, 6/15/2042 | IDR | 21,250,000 | 1,293 | |||||
2,647 | ||||||||
IRAQ - 3.1% | ||||||||
Republic of Iraq | ||||||||
5.80%, 1/15/2028(1) | 3,461 | 3,231 | ||||||
IVORY COAST - 1.0% | ||||||||
Republic of Cote d’Ivoire | ||||||||
5.25%, 3/22/2030(1) | EUR | 186 | 181 | |||||
5.88%, 10/17/2031(1) | EUR | 380 | 366 | |||||
6.88%, 10/17/2040(1) | EUR | 600 | 537 | |||||
1,084 | ||||||||
JAMAICA - 0.8% | ||||||||
Jamaica Government Bond | ||||||||
9.63%, 11/3/2030 | JMD | 119,500 | 812 |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
KENYA - 2.9% | ||||||||
Republic of Kenya | ||||||||
7.00%, 5/22/2027(1) | $ | 1,040 | $ | 989 | ||||
9.75%, 2/16/2031(1) | 2,105 | 2,018 | ||||||
3,007 | ||||||||
NAMIBIA - 0.5% | ||||||||
Republic of Namibia | ||||||||
5.25%, 10/29/2025(1) | 500 | 491 | ||||||
NIGERIA - 0.6% | ||||||||
Federal Republic of Nigeria | ||||||||
7.63%, 11/21/2025(1) | 610 | 611 | ||||||
PAKISTAN - 1.2% | ||||||||
Islamic Republic of Pakistan | ||||||||
6.88%, 12/5/2027(1) | 720 | 623 | ||||||
7.38%, 4/8/2031(1) | 825 | 650 | ||||||
1,273 | ||||||||
PAPUA NEW GUINEA - 1.4% | ||||||||
Papua New Guinea Government International Bond | ||||||||
8.38%, 10/4/2028(1) | 1,495 | 1,427 | ||||||
PARAGUAY - 1.8% | ||||||||
Paraguay Treasury Bond Participation Note | ||||||||
9.03%, 2/15/2030(2)(3)(4)(5) | 843 | 836 | ||||||
8.00%, 3/3/2036(2)(3)(4)(5) | 298 | 286 | ||||||
Republic of Paraguay | ||||||||
7.90%, 2/9/2031(1) | PYG | 3,984,000 | 547 | |||||
7.90%, 2/9/2031(6) | PYG | 1,800,000 | 247 | |||||
1,916 | ||||||||
PERU - 5.9% | ||||||||
Bonos de la Tesoreria | ||||||||
5.94%, 2/12/2029 | PEN | 16,160 | 4,228 | |||||
7.30%, 8/12/2033(1) | PEN | 4,650 | 1,240 | |||||
5.40%, 8/12/2034 | PEN | 3,100 | 709 | |||||
6,177 | ||||||||
RWANDA - 0.3% | ||||||||
Republic of Rwanda | ||||||||
5.50%, 8/9/2031(1) | 400 | 321 | ||||||
SERBIA - 4.1% | ||||||||
Republic of Serbia | ||||||||
7.00%, 10/26/2031 | RSD | 222,900 | 2,207 | |||||
4.50%, 8/20/2032 | RSD | 236,330 | 1,990 | |||||
2.05%, 9/23/2036(1) | EUR | 100 | 76 | |||||
4,273 | ||||||||
SURINAME - 3.2% | ||||||||
Suriname Government International Bond | ||||||||
4.95% Cash, 3.00% PIK, 7/15/2033(1) | 3,627 | 3,323 | ||||||
TAJIKISTAN - 0.9% | ||||||||
Republic of Tajikistan | ||||||||
7.13%, 9/14/2027(1) | 1,030 | 979 | ||||||
VIETNAM - 1.1% | ||||||||
Socialist Republic of Vietnam | ||||||||
4.80%, 11/19/2024(1) | 1,180 | 1,172 | ||||||
ZAMBIA - 1.5% | ||||||||
Republic of Zambia | ||||||||
5.75%, 6/30/2033(1)(7) | 1,229 | 1,076 | ||||||
0.50%, 12/31/2053(1) | 884 | 431 | ||||||
1,507 | ||||||||
Total sovereign government bonds and bond participation notes (Cost $55,687) | 55,658 | |||||||
CORPORATE BONDS - 9.9% | ||||||||
BRAZIL - 2.4% | ||||||||
Karoon USA Finance, Inc. | ||||||||
10.50%, 5/14/2029(1) | 900 | 905 | ||||||
MC Brazil Downstream Trading SARL | ||||||||
7.25%, 6/30/2031(1) | 1,141 | 1,011 | ||||||
Trident Energy Finance plc | ||||||||
12.50%, 11/30/2029(1) | 490 | 503 | ||||||
Unigel Luxembourg SA | ||||||||
8.75%, 10/1/2026(1)(8) | 340 | 96 | ||||||
2,515 | ||||||||
CHILE - 0.5% | ||||||||
ATP Tower Holdings LLC | ||||||||
4.05%, 4/27/2026(1) | 540 | 511 | ||||||
COLOMBIA - 0.3% | ||||||||
EnfraGen Energia Sur SA | ||||||||
5.38%, 12/30/2030(1) | 355 | 296 | ||||||
CZECH REPUBLIC - 1.0% | ||||||||
Energo-Pro A/S | ||||||||
8.50%, 2/4/2027(1) | 600 | 597 | ||||||
11.00%, 11/2/2028(1) | 455 | 483 | ||||||
1,080 | ||||||||
DOMINICAN REPUBLIC - 2.5% | ||||||||
Banco Central de la Republica Dominicana | ||||||||
12.00%, 10/3/2025(1) | DOP | 22,700 | 385 | |||||
13.00%, 12/5/2025(1) | DOP | 64,500 | 1,109 | |||||
13.00%, 1/30/2026(1) | DOP | 37,570 | 648 | |||||
9.00%, 12/11/2026(1) | DOP | 30,750 | 499 | |||||
2,641 |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
MEXICO - 0.9% | ||||||||
Petroleos Mexicanos | ||||||||
6.95%, 1/28/2060 | $ | 1,380 | $ | 913 | ||||
MOLDOVA, REPUBLIC OF - 0.4% | ||||||||
Aragvi Finance International DAC | ||||||||
8.45%, 4/29/2026(1) | 501 | 418 | ||||||
NIGERIA - 0.5% | ||||||||
SEPLAT Energy plc | ||||||||
7.75%, 4/1/2026(1) | 490 | 480 | ||||||
PARAGUAY - 0.2% | ||||||||
Frigorifico Concepcion SA | ||||||||
7.70%, 7/21/2028(1) | 380 | 258 | ||||||
PERU - 0.7% | ||||||||
Inkia Energy Ltd. | ||||||||
5.88%, 11/9/2027(1) | 705 | 702 | ||||||
UNITED KINGDOM - 0.5% | ||||||||
3T Global Holdco Ltd. | ||||||||
11.25%, 5/22/2028 | 500 | 506 | ||||||
Total corporate bonds (Cost $10,315) | 10,320 | |||||||
BANK LOANS - 2.6% | ||||||||
PARAGUAY - 0.7% | ||||||||
Frigorifico Concepcion Term Loan B | ||||||||
(SOFR + 5.50%), 10.83%, 12/8/2026(3)(4)(9) | 800 | 704 | ||||||
TANZANIA - 1.9% | ||||||||
Tanzania (United Republic of) Term Loan | ||||||||
(SOFR + 5.45%), 10.70%, 3/6/2031(3)(4)(9) | 2,000 | 1,975 | ||||||
Total bank loans (Cost $2,800) | 2,679 |
Shares Held | ||||||||
COMMON STOCKS - 2.1% | ||||||||
COLOMBIA - 1.4% | ||||||||
Aris Mining Corp.* | 402 | 1,510 | ||||||
GEORGIA - 0.7% | ||||||||
Georgia Capital plc*(3) | 58 | 718 | ||||||
Total common stocks | ||||||||
(Cost $2,076) | 2,228 |
No. of Contracts‡ | ||||||||
OPTIONS PURCHASED - 0.0%^ | ||||||||
Put Options - 0.0%^ | ||||||||
Future Equity Index Options - 0.0%^ | ||||||||
S&P 500 E-Mini Index | ||||||||
9/20/2024 at USD 4,300.00; Notional Amount: USD 558 | 2 | 1 | ||||||
12/20/2024 at USD 4,600.00; Notional Amount: USD 1,675 | 6 | 9 | ||||||
Total Options Purchased (Cost $84) | 10 |
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS - 24.6% | ||||||||
SOVEREIGN GOVERNMENT TREASURY BILLS - 11.8% | ||||||||
Arab Republic of Egypt | ||||||||
24.31%, 8/20/2024(10) | EGP | 13,025 | 262 | |||||
24.50%, 8/27/2024(10) | EGP | 75,500 | 1,513 | |||||
24.77%, 9/10/2024(10) | EGP | 15,000 | 298 | |||||
24.87%, 9/17/2024(10) | EGP | 112,800 | 2,228 | |||||
24.95%, 9/24/2024(10) | EGP | 75,200 | 1,479 | |||||
25.49%, 12/10/2024(10) | EGP | 20,500 | 383 | |||||
25.70%, 3/18/2025(10) | EGP | 29,500 | 519 | |||||
Federal Republic of Nigeria | ||||||||
22.95%, 2/6/2025(10) | NGN | 557,039 | 323 | |||||
23.95%, 3/6/2025(10) | NGN | 1,420,000 | 806 | |||||
24.70%, 3/27/2025(10) | NGN | 633,000 | 353 | |||||
25.20%, 4/10/2025(10) | NGN | 420,000 | 232 | |||||
Nigeria OMO Bill | ||||||||
26.87%, 5/27/2025(10) | NGN | 480,000 | 255 | |||||
Republic of Albania | ||||||||
3.64%, 11/28/2024(10) | ALL | 11,800 | 124 | |||||
3.28%, 12/12/2024(10) | ALL | 23,000 | 242 | |||||
3.70%, 1/30/2025(10) | ALL | 16,000 | 167 | |||||
3.71%, 2/13/2025(10) | ALL | 22,000 | 230 | |||||
3.80%, 4/17/2025(10) | ALL | 30,500 | 316 | |||||
3.76%, 5/1/2025(10) | ALL | 28,000 | 290 | |||||
Republic of Armenia | ||||||||
8.08%, 9/30/2024(10) | AMD | 91,000 | 230 | |||||
8.39%, 12/2/2024(10) | AMD | 78,000 | 194 | |||||
8.91%, 2/3/2025(10) | AMD | 72,000 | 176 | |||||
Republic of Iceland | ||||||||
8.94%, 8/21/2024(10) | ISK | 64,000 | 455 | |||||
9.23%, 10/16/2024(10) | ISK | 168,000 | 1,177 | |||||
Total sovereign government treasury bills (Cost $12,381) | 12,252 | |||||||
U.S. TREASURY OBLIGATIONS - 5.7% | ||||||||
U.S. Treasury Bills | ||||||||
2.64%, 7/2/2024(10) | $ | 5,000 | 4,999 | |||||
5.10%, 7/30/2024(10) | 1,000 | 996 | ||||||
Total U.S. treasury obligations (Cost $5,995) | 5,995 |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
REPURCHASE AGREEMENTS - 3.8% | ||||||||
JPMorgan Chase Bank, N.A., Dated 6/24/24, with an interest rate of 3.50% payable by the Fund, collateralized by Par 1,945 Republic of Senegal, 6.25% due 5/23/2033 and a market value of $1,644(11) | $ | 1,646 | $ | 1,646 | ||||
JPMorgan Chase Bank, N.A., Dated 6/24/24, with an interest rate of 4.60% payable by the Fund, collateralized by Par 250 Republic of Costa Rica, 6.55% due 4/3/2034 and a market value of $259(11) | 261 | 261 | ||||||
JPMorgan Chase Bank, N.A., Dated 6/24/24, with an interest rate of 4.70% payable by the Fund, collateralized by Par 500 Republic of Costa Rica, 6.55% due 4/3/2034 and a market value of $517(11) | 522 | 521 | ||||||
JPMorgan Chase Bank, N.A., Dated 6/24/24, with an interest rate of 4.80% payable by the Fund, collateralized by Par 950 Republic of Paraguay, 2.74% due 1/29/2033 and a market value of $772(11) | 782 | 782 | ||||||
JPMorgan Chase Bank, N.A., Dated 6/24/24, with an interest rate of 5.10% payable by the Fund, collateralized by Par 865 Dominican Republic Government Bond, 4.88% due 9/23/2032 and a market value of $779(11) | 789 | 789 | ||||||
Total Repurchase Agreements (Cost $3,999) | 3,999 |
Shares Held | ||||||||
INVESTMENT COMPANIES - 3.3% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% | 3,388 | 3,388 | ||||||
Federated Treasury Obligations Fund - Institutional Class, 5.17% | 1 | 1 | ||||||
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 5.23% | 1 | 1 | ||||||
Total investment companies (Cost $3,390) | 3,390 | |||||||
Total short-term investments (Cost $25,765) | 25,636 | |||||||
Total investments - 92.6% (Cost $96,727) | 96,531 | |||||||
SECURITIES SOLD SHORT - (4.8)% | ||||||||
COMMON STOCKS - (1.0)% | ||||||||
GEORGIA - (0.6)% | ||||||||
Bank of Georgia Group plc(3) | (6 | ) | (286 | ) | ||||
TBC Bank Group plc(3) | (9 | ) | (279 | ) | ||||
(565 | ) | |||||||
UNITED KINGDOM - (0.4)% | ||||||||
Ashmore Group plc(3) | (195 | ) | (419 | ) | ||||
Total common stocks (Proceeds $(1,187)) | (984 | ) |
Principal Amount | ||||||||
SOVEREIGN GOVERNMENT BONDS - (3.8)% | ||||||||
COSTA RICA - (0.7)% | ||||||||
Republic of Costa Rica | ||||||||
6.55%, 4/3/2034(1)(12) | (750 | ) | (776 | ) | ||||
DOMINICAN REPUBLIC - (0.8)% | ||||||||
Dominican Republic Government Bond | ||||||||
4.88%, 9/23/2032(1)(12) | (865 | ) | (779 | ) | ||||
PARAGUAY - (0.7)% | ||||||||
Republic of Paraguay | ||||||||
2.74%, 1/29/2033(1)(12) | (950 | ) | (772 | ) | ||||
SENEGAL - (1.6)% | ||||||||
Republic of Senegal | ||||||||
6.25%, 5/23/2033(1)(12) | (1,945 | ) | (1,644 | ) | ||||
Total sovereign government bonds (Proceeds $(3,960)) | (3,971 | ) | ||||||
Total securities sold short (Proceeds $(5,147)) | (4,955 | ) | ||||||
Total investments after securities sold short - 87.8% (Cost $91,580) | 91,576 | |||||||
Other assets less liabilities - 12.2% | 12,687 | |||||||
Total net assets - 100.0%# | $ | 104,263 |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $37,793 or 36.2% of net assets. |
(2) | Security is a bond participation note issued by Itau BBA International plc. Bond participation notes are subject to counterparty risk with respect to the bank or broker-dealer that issues them. |
(3) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $3,535, or 3.4% of total net assets. See notes (B) and (C) in the accompanying notes. |
(4) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(5) | Security is restricted. |
Security | Acquisition Date | Cost | Value | Percentage of Total Net Assets | ||||||||||
Paraguay Treasury Bond Participation Note, 9.03%, 02/15/2030 | 08/17/2023 - 03/04/2024 | $ | 841 | $ | 836 | 0.8 | % | |||||||
Paraguay Treasury Bond Participation Note, 8.00%, 03/03/2036 | 03/27/2024 | 298 | 286 | 0.3 | % |
(6) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. May be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(7) | Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of June 30, 2024. |
(8) | Defaulted security. |
(9) | Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of June 30, 2024. |
(10) | Yield to maturity. |
(11) | Open repurchase agreement with no specific maturity date. Either party may terminate the agreement upon demand. |
(12) | At June 30, 2024, all or a portion of this security was pledged to cover collateral requirements for repurchase agreements. |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
Consumer Discretionary | $ | 506 | 0.5 | % | ||||
Consumer Staples | 1,380 | 1.4 | ||||||
Energy | 4,892 | 5.1 | ||||||
Financials | 5,344 | 5.5 | ||||||
Industrials | 511 | 0.5 | ||||||
Materials | 1,606 | 1.7 | ||||||
Sovereign Government Securities | 55,658 | 57.7 | ||||||
Utilities | 998 | 1.0 | ||||||
Short-Term Investments | 25,636 | 26.6 | ||||||
Total investments | $ | 96,531 | 100.0 | % |
TRADING CURRENCIES
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
ALL | $ | 2,444 | 2.6 | % | ||||
AMD | 791 | 0.8 | ||||||
DOP | 2,660 | 2.8 | ||||||
EGP | 6,682 | 6.9 | ||||||
EUR | 3,315 | 3.4 | ||||||
GBP | 718 | 0.8 | ||||||
IDR | 2,647 | 2.8 | ||||||
INR | 1,827 | 1.9 | ||||||
ISK | 5,901 | 6.1 | ||||||
JMD | 812 | 0.8 | ||||||
NGN | 1,969 | 2.0 | ||||||
PEN | 6,177 | 6.4 | ||||||
PYG | 794 | 0.8 | ||||||
RSD | 4,197 | 4.3 | ||||||
USD | 55,597 | 57.6 | ||||||
Total investments | $ | 96,531 | 100.0 | % |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
FOREIGN CURRENCY FORWARD CONTRACTS
Values in thousands
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||||||
INR** | 70,500 | USD | 844 | JPM | 7/1/2024 | $ | 1 | |||||||||
EUR | 1,805 | CZK | 45,205 | SCB | 7/2/2024 | — | ^ | |||||||||
EUR | 2,796 | HUF | 1,104,131 | SCB | 7/2/2024 | — | ^ | |||||||||
EUR | 1,829 | PLN | 7,879 | SCB | 7/2/2024 | 1 | ||||||||||
PLN | 405 | EUR | 93 | SCB | 7/2/2024 | 1 | ||||||||||
USD | 2,067 | BRL** | 11,405 | JPM | 7/2/2024 | 27 | ||||||||||
USD | 333 | NGN** | 305,000 | SCB | 7/8/2024 | 132 | ||||||||||
INR** | 80,000 | USD | 957 | JPM | 7/9/2024 | 3 | ||||||||||
RSD | 230,400 | EUR | 1,965 | SCB | 7/12/2024 | 4 | ||||||||||
USD | 1,146 | COP** | 4,519,959 | JPM | 7/12/2024 | 59 | ||||||||||
USD | 6,346 | PEN** | 23,848 | JPM | 7/15/2024 | 141 | ||||||||||
TRY | 26,900 | USD | 762 | SCB | 7/31/2024 | 35 | ||||||||||
EUR | 1,804 | CZK | 45,205 | SCB | 8/2/2024 | 1 | ||||||||||
USD | 461 | CRC** | 244,000 | JPM | 9/4/2024 | 1 | ||||||||||
TRY | 68,200 | USD | 1,868 | SCB | 9/10/2024 | 63 | ||||||||||
USD | 17,766 | EUR | 16,507 | SCB | 9/18/2024 | 20 | ||||||||||
KES** | 56,000 | USD | 412 | CITI | 10/15/2024 | 2 | ||||||||||
AMD** | 62,000 | USD | 154 | ICBCSB | 10/18/2024 | 3 | ||||||||||
USD | 1,747 | GEL** | 4,800 | CITI | 11/8/2024 | 56 | ||||||||||
USD | 949 | GEL** | 2,600 | CITI | 11/18/2024 | 34 | ||||||||||
USD | 2,155 | CNH | 15,300 | SCB | 2/4/2025 | 24 | ||||||||||
UZS** | 1,700,000 | USD | 120 | SCB | 2/7/2025 | 6 | ||||||||||
USD | 4,318 | CNH | 30,630 | SCB | 3/18/2025 | 40 | ||||||||||
INR** | 22,600 | USD | 267 | JPM | 5/27/2025 | — | ^ | |||||||||
Total unrealized appreciation | 654 | |||||||||||||||
USD | 843 | INR** | 70,500 | JPM | 7/1/2024 | (2 | ) | |||||||||
BRL** | 11,405 | USD | 2,180 | JPM | 7/2/2024 | (140 | ) | |||||||||
CZK | 45,205 | EUR | 1,828 | SCB | 7/2/2024 | (25 | ) | |||||||||
HUF | 1,104,131 | EUR | 2,823 | SCB | 7/2/2024 | (30 | ) | |||||||||
PLN | 7,474 | EUR | 1,746 | SCB | 7/2/2024 | (13 | ) | |||||||||
NGN** | 305,000 | USD | 338 | SCB | 7/8/2024 | (137 | ) | |||||||||
USD | 281 | INR** | 23,453 | JPM | 7/9/2024 | (— | )^ | |||||||||
USD | 1,229 | MXN | 22,789 | JPM | 7/15/2024 | (14 | ) | |||||||||
USD | 283 | MXN | 5,250 | SCB | 7/15/2024 | (3 | ) | |||||||||
USD | 2,029 | ZAR | 37,508 | SCB | 7/15/2024 | (31 | ) | |||||||||
KZT** | 55,000 | USD | 121 | SG | 7/24/2024 | (6 | ) | |||||||||
KZT** | 65,000 | USD | 144 | SCB | 7/24/2024 | (7 | ) | |||||||||
KZT** | 203,044 | USD | 432 | ICBCSB | 7/29/2024 | (5 | ) | |||||||||
BRL** | 11,405 | USD | 2,060 | JPM | 8/2/2024 | (28 | ) | |||||||||
CZK | 45,205 | EUR | 1,803 | SCB | 8/2/2024 | (1 | ) | |||||||||
HUF | 1,104,131 | EUR | 2,788 | SCB | 8/2/2024 | (1 | ) | |||||||||
PLN | 7,879 | EUR | 1,825 | SCB | 8/2/2024 | (1 | ) | |||||||||
USD | 1,682 | IDR** | 27,760,755 | JPM | 8/19/2024 | (13 | ) | |||||||||
KZT** | 225,000 | USD | 483 | SCB | 8/20/2024 | (11 | ) | |||||||||
KZT** | 730,366 | USD | 1,563 | ICBCSB | 8/26/2024 | (34 | ) | |||||||||
USD | 576 | CRC** | 310,000 | CITI | 9/4/2024 | (9 | ) | |||||||||
TRY | 84,920 | USD | 2,415 | SCB | 9/10/2024 | (10 | ) | |||||||||
KZT** | 536,100 | USD | 1,166 | ICBCSB | 9/16/2024 | (48 | ) | |||||||||
USD | 59 | EUR | 55 | SCB | 9/18/2024 | (— | )^ | |||||||||
KES** | 14,000 | USD | 104 | ICBCSB | 10/15/2024 | (1 | ) | |||||||||
USD | 138 | GEL** | 400 | CITI | 11/18/2024 | (3 | ) | |||||||||
USD | 908 | GEL** | 2,600 | ICBCSB | 11/18/2024 | (7 | ) | |||||||||
USD | 119 | UZS** | 1,700,000 | SCB | 2/7/2025 | (7 | ) | |||||||||
Total unrealized depreciation | (587 | ) | ||||||||||||||
Net unrealized appreciation | $ | 67 |
** | Non-deliverable. |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
FUTURES CONTRACTS
Values in thousands
Description | No. of Contracts | Expiration Date | Trading Currency | Notional Amount | Notional Value | Unrealized Appreciation (Depreciation) | ||||||||||||||
Short Positions Contracts | ||||||||||||||||||||
Euro-Bobl | (21 | ) | 9/6/2024 | EUR | $ | (2,100 | ) | $ | (2,619 | ) | $ | (20 | ) | |||||||
Euro-BTP | (11 | ) | 9/6/2024 | EUR | (1,100 | ) | (1,358 | ) | 15 | |||||||||||
Euro-Bund | (14 | ) | 9/6/2024 | EUR | (1,400 | ) | (1,973 | ) | (19 | ) | ||||||||||
S&P 500 E-Mini Index | (9 | ) | 9/20/2024 | USD | — | ^ | (2,485 | ) | (74 | ) | ||||||||||
U.S. Treasury 2 Year Note | (41 | ) | 9/30/2024 | USD | (8,200 | ) | (8,373 | ) | (15 | ) | ||||||||||
U.S. Treasury 5 Year Note | (47 | ) | 9/30/2024 | USD | (4,700 | ) | (5,009 | ) | (18 | ) | ||||||||||
U.S. Treasury 10 Year Note | (43 | ) | 9/19/2024 | USD | (4,300 | ) | (4,729 | ) | (46 | ) | ||||||||||
U.S. Treasury 10 Year Ultra Note | (14 | ) | 9/19/2024 | USD | (1,400 | ) | (1,589 | ) | (20 | ) | ||||||||||
Net unrealized depreciation | $ | (197 | ) |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
CENTRALLY CLEARED CREDIT DEFAULT SWAPS - BUY PROTECTION
Notional amounts and values in thousands and reported in USD unless otherwise stated
Reference Entity | Financing Rate Paid by the Fund (%) | Frequency of Payments Made/Received | Termination Date | Notional Amount | Upfront (Payments) Receipts ($) | Unrealized Appreciation (Depreciation) ($) | Value | |||||||||||||||||
Bank of China Ltd. | 1.00 | Quarterly | 6/20/2029 | 450 | (3 | ) | (3 | ) | (6 | ) | ||||||||||||||
Export-Import Bank of China (The) | 1.00 | Quarterly | 6/20/2029 | 450 | (4 | ) | (2 | ) | (6 | ) | ||||||||||||||
Federative Republic of Brazil | 1.00 | Quarterly | 6/20/2028 | 1,650 | 53 | (31 | ) | 22 | ||||||||||||||||
Federative Republic of Brazil | 1.00 | Quarterly | 12/20/2028 | 3,280 | 43 | 28 | 71 | |||||||||||||||||
French Republic | 0.25 | Quarterly | 6/20/2034 | 4,800 | 77 | 43 | 120 | |||||||||||||||||
Hungary | 1.00 | Quarterly | 6/20/2027 | 965 | 25 | (29 | ) | (4 | ) | |||||||||||||||
Hungary | 1.00 | Quarterly | 6/20/2028 | 300 | 8 | (7 | ) | 1 | ||||||||||||||||
Hungary | 1.00 | Quarterly | 12/20/2028 | 1,600 | 24 | (15 | ) | 9 | ||||||||||||||||
Hungary | 1.00 | Quarterly | 6/20/2029 | 1,300 | 15 | — | ^ | 15 | ||||||||||||||||
Kingdom of Saudi Arabia | 1.00 | Quarterly | 6/20/2029 | 5,500 | (104 | ) | (7 | ) | (111 | ) | ||||||||||||||
Kingdom of Saudi Arabia | 1.00 | Quarterly | 6/20/2032 | 1,070 | (10 | ) | (8 | ) | (18 | ) | ||||||||||||||
Kingdom of Saudi Arabia | 1.00 | Quarterly | 6/20/2033 | 2,220 | (26 | ) | (7 | ) | (33 | ) | ||||||||||||||
Kingdom of Saudi Arabia | 1.00 | Quarterly | 12/20/2033 | 1,235 | (16 | ) | (1 | ) | (17 | ) | ||||||||||||||
Kingdom of Spain | 1.00 | Quarterly | 6/20/2032 | 570 | (10 | ) | (5 | ) | (15 | ) | ||||||||||||||
Kingdom of Spain | 1.00 | Quarterly | 6/20/2033 | 1,170 | (22 | ) | (8 | ) | (30 | ) | ||||||||||||||
Kingdom of Spain | 1.00 | Quarterly | 12/20/2033 | 915 | (20 | ) | (2 | ) | (22 | ) | ||||||||||||||
Malaysia | 1.00 | Quarterly | 12/20/2027 | 500 | (5 | ) | (6 | ) | (11 | ) | ||||||||||||||
Malaysia | 1.00 | Quarterly | 6/20/2028 | 1,290 | (23 | ) | (7 | ) | (30 | ) | ||||||||||||||
Penerbangan Malaysia Bhd. | 1.00 | Quarterly | 12/20/2028 | 330 | (8 | ) | (— | )^ | (8 | ) | ||||||||||||||
Petrobras Global Finance BV | 1.00 | Quarterly | 12/20/2027 | 390 | 21 | (18 | ) | 3 | ||||||||||||||||
Republic of Chile | 1.00 | Quarterly | 6/20/2028 | 750 | (5 | ) | (10 | ) | (15 | ) | ||||||||||||||
Republic of Chile | 1.00 | Quarterly | 12/20/2028 | 3,710 | (75 | ) | (— | )^ | (75 | ) | ||||||||||||||
Republic of Chile | 1.00 | Quarterly | 6/20/2032 | 950 | 45 | (50 | ) | (5 | ) | |||||||||||||||
Republic of Colombia | 1.00 | Quarterly | 6/20/2028 | 100 | 6 | (4 | ) | 2 | ||||||||||||||||
Republic of Indonesia | 1.00 | Quarterly | 12/20/2027 | 690 | 2 | (12 | ) | (10 | ) | |||||||||||||||
Republic of Indonesia | 1.00 | Quarterly | 6/20/2028 | 2,050 | (16 | ) | (11 | ) | (27 | ) | ||||||||||||||
Republic of Indonesia | 1.00 | Quarterly | 12/20/2028 | 5,520 | (68 | ) | 5 | (63 | ) | |||||||||||||||
Republic of Italy | 1.00 | Quarterly | 6/20/2034 | 1,800 | 29 | 15 | 44 | |||||||||||||||||
Republic of Kazakhstan | 1.00 | Quarterly | 6/20/2028 | 2,085 | 38 | (48 | ) | (10 | ) | |||||||||||||||
Republic of Peru | 1.00 | Quarterly | 6/20/2028 | 280 | (1 | ) | (3 | ) | (4 | ) | ||||||||||||||
Republic of Peru | 1.00 | Quarterly | 12/20/2028 | 2,850 | (43 | ) | 7 | (36 | ) | |||||||||||||||
Republic of Peru | 1.00 | Quarterly | 6/20/2032 | 300 | 13 | (10 | ) | 3 | ||||||||||||||||
Republic of Peru | 1.00 | Quarterly | 12/20/2032 | 660 | 36 | (27 | ) | 9 | ||||||||||||||||
Republic of Poland | 1.00 | Quarterly | 6/20/2027 | 325 | 2 | (7 | ) | (5 | ) | |||||||||||||||
Republic of Poland | 1.00 | Quarterly | 12/20/2027 | 160 | 3 | (5 | ) | (2 | ) | |||||||||||||||
Republic of Poland | 1.00 | Quarterly | 6/20/2028 | 1,110 | (9 | ) | (9 | ) | (18 | ) | ||||||||||||||
Republic of Poland | 1.00 | Quarterly | 12/20/2028 | 1,100 | (15 | ) | (2 | ) | (17 | ) | ||||||||||||||
Republic of Poland | 1.00 | Quarterly | 6/20/2029 | 1,250 | (18 | ) | (— | )^ | (18 | ) | ||||||||||||||
Republic of South Africa | 1.00 | Quarterly | 6/20/2028 | 600 | 35 | (21 | ) | 14 | ||||||||||||||||
Republic of South Africa | 1.00 | Quarterly | 6/20/2029 | 9,850 | 492 | (33 | ) | 459 | ||||||||||||||||
Republic of South Africa | 1.00 | Quarterly | 6/20/2032 | 765 | 90 | (3 | ) | 87 | ||||||||||||||||
Republic of South Africa | 1.00 | Quarterly | 12/20/2032 | 220 | 31 | (4 | ) | 27 | ||||||||||||||||
Republic of South Africa | 1.00 | Quarterly | 6/20/2033 | 2,445 | 381 | (60 | ) | 321 | ||||||||||||||||
Republic of South Africa | 1.00 | Quarterly | 12/20/2033 | 2,235 | 362 | (50 | ) | 312 | ||||||||||||||||
Republic of Turki (The) | 1.00 | Quarterly | 6/20/2034 | 3,350 | 569 | 33 | 602 | |||||||||||||||||
State of Qatar | 1.00 | Quarterly | 6/20/2029 | 5,000 | (114 | ) | (16 | ) | (130 | ) | ||||||||||||||
State of Qatar | 1.00 | Quarterly | 12/20/2032 | 200 | (3 | ) | (2 | ) | (5 | ) | ||||||||||||||
State of Qatar | 1.00 | Quarterly | 6/20/2033 | 1,500 | (30 | ) | (6 | ) | (36 | ) | ||||||||||||||
United Mexican States | 1.00 | Quarterly | 12/20/2027 | 175 | 1 | (2 | ) | (1 | ) | |||||||||||||||
United Mexican States | 1.00 | Quarterly | 6/20/2028 | 2,960 | 7 | (19 | ) | (12 | ) | |||||||||||||||
United Mexican States | 1.00 | Quarterly | 12/20/2028 | 4,865 | (20 | ) | 21 | 1 | ||||||||||||||||
United Mexican States | 1.00 | Quarterly | 6/20/2029 | 1,700 | (5 | ) | 12 | 7 | ||||||||||||||||
Total Buy Protection | 1,735 | (406 | ) | 1,329 |
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
CENTRALLY CLEARED CREDIT DEFAULT SWAPS - SELL PROTECTION
Notional amounts and values in thousands and reported in USD unless otherwise stated
Reference Entity | Financing Rate Received by the Fund (%) | Frequency of Payments Made/Received | Termination Date | Notional Amount | Upfront (Payments) Receipts ($) | Unrealized Appreciation (Depreciation) ($) | Value ($) | |||||||||||||||||
Federative Republic of Brazil | 1.00 | Quarterly | 6/20/2026 | 2,050 | 12 | (5 | ) | 7 | ||||||||||||||||
Republic of Colombia | 1.00 | Quarterly | 6/20/2026 | 2,050 | 12 | (6 | ) | 6 | ||||||||||||||||
Republic of Turki (The) | 1.00 | Quarterly | 6/20/2025 | 2,050 | 1 | 1 | 2 | |||||||||||||||||
Total Sell Protection | 25 | (10 | ) | 15 |
CENTRALLY CLEARED INTEREST RATE SWAPS
Values in thousands
Floating Rate Index (Frequency) | Fixed Rate (%) (Frequency) | Fund Pays/ Receives Floating Rate | Termination Date | Notional Amount | Upfront Payments (Receipts) ($) | Unrealized Appreciation (Depreciation) ($) | Value ($) | |||||||||||||
6 month PRIBOR semi-annually | 3.95 annually | Pay | 12/1/2030 | CZK 11,400 | 1 | 11 | 12 | |||||||||||||
6 month BUBOR semi-annually | 6.03 annually | Receive | 2/20/2033 | HUF 160,000 | 1 | 16 | 17 | |||||||||||||
6 month WIBOR semi-annually | 5.11 annually | Receive | 3/28/2034 | PLN 2,500 | 6 | (5 | ) | 1 | ||||||||||||
6 month BUBOR semi-annually | 6.46 annually | Receive | 3/28/2034 | HUF 48,000 | — | 1 | 1 | |||||||||||||
4 week TIIE monthly | 8.78 monthly | Receive | 3/8/2034 | MXN 43,100 | 34 | 64 | 98 | |||||||||||||
1 day THOR quarterly | 2.59 quarterly | Receive | 9/1/2032 | THB 7,450 | (1 | ) | 2 | 1 | ||||||||||||
1 day CAONREPO semi-annually | 4.20 semi-annually | Pay | 3/20/2026 | CAD 11,150 | — | ^ | 1 | 1 | ||||||||||||
Total positive values | 41 | 90 | 131 | |||||||||||||||||
6 month WIBOR semi-annually | 6.45 annually | Receive | 5/13/2032 | PLN 225 | — | (5 | ) | (5 | ) | |||||||||||
6 month BUBOR semi-annually | 7.25 annually | Receive | 5/13/2032 | HUF 38,300 | (10 | ) | 5 | (5 | ) | |||||||||||
6 month BUBOR semi-annually | 8.16 annually | Receive | 6/17/2032 | HUF 174,000 | 9 | (60 | ) | (51 | ) | |||||||||||
6 month WIBOR semi-annually | 7.45 annually | Receive | 6/20/2032 | PLN 3,625 | (140 | ) | 2 | (138 | ) | |||||||||||
6 month WIBOR semi-annually | 4.54 annually | Receive | 10/2/2028 | PLN 5,100 | 7 | (9 | ) | (2 | ) | |||||||||||
6 month PRIBOR semi-annually | 3.90 annually | Pay | 4/10/2034 | CZK 13,000 | (9 | ) | 7 | (2 | ) | |||||||||||
3 month TELBOR quarterly | 4.33 annually | Receive | 10/25/2033 | ILS 4,285 | (13 | ) | 13 | (—)^ | ||||||||||||
3 month TELBOR quarterly | 4.00 annually | Receive | 10/25/2028 | ILS 3,350 | — | (5 | ) | (5 | ) | |||||||||||
4 week TIIE monthly | 9.88 monthly | Pay | 3/18/2026 | MXN 172,100 | (36 | ) | (49 | ) | (85 | ) | ||||||||||
6 month WIBOR semi-annually | 5.30 annually | Receive | 4/15/2032 | PLN 1,491 | (3 | ) | (3 | ) | (6 | ) | ||||||||||
6 month BUBOR semi-annually | 6.65 annually | Receive | 4/10/2034 | HUF 41,000 | — | (1 | ) | (1 | ) | |||||||||||
1 day THOR quarterly | 2.95 quarterly | Receive | 10/2/2028 | THB 23,260 | — | (16 | ) | (16 | ) | |||||||||||
1 day THOR quarterly | 2.83 quarterly | Receive | 8/17/2033 | THB 3,600 | — | (1 | ) | (1 | ) | |||||||||||
1 day MIBOR semi-annually | 6.19 semi-annually | Pay | 5/26/2033 | INR 45,100 | — | (10 | ) | (10 | ) | |||||||||||
1 day TONAR annually | 0.92 annually | Receive | 1/5/2033 | JPY 308,800 | (21 | ) | 19 | (2 | ) | |||||||||||
1 day THOR quarterly | 2.99 quarterly | Receive | 9/26/2032 | THB 5,300 | — | (4 | ) | (4 | ) | |||||||||||
1 day THOR quarterly | 2.89 quarterly | Receive | 6/17/2032 | THB 2,750 | — | (2 | ) | (2 | ) | |||||||||||
1 day CAONREPO semi-annually | 3.52 semi-annually | Receive | 3/20/2034 | CAD 2,050 | 1 | (5 | ) | (4 | ) | |||||||||||
Total negative values | (215 | ) | (124 | ) | (339 | ) | ||||||||||||||
Total | (174 | ) | (34 | ) | (208 | ) | ||||||||||||||
Artisan Global Unconstrained Fund
Consolidated Schedule of Investments (continued)
June 30, 2024 (Unaudited)
OTC CREDIT DEFAULT SWAP - BUY PROTECTION
Notional amounts and values in thousands and reported in USD unless otherwise stated
Reference Entity | Financing Rate Paid by the Fund (%) | Frequency of Payments Made/Received | Counterparty | Termination Date | Notional Amount | Upfront (Payments) Receipts ($) | Unrealized Appreciation (Depreciation) ($) | Value ($) | ||||||||||||||||
China Construction Bank Corp. | 1.00 | Quarterly | JPM | 6/20/2029 | 450 | (3 | ) | (3 | ) | (6 | ) | |||||||||||||
Industrial & Commercial Bank of China Ltd. | 1.00 | Quarterly | JPM | 6/20/2029 | 450 | (4 | ) | (2 | ) | (6 | ) | |||||||||||||
Total | (7 | ) | (5 | ) | (12 | ) |
OTC INTEREST RATE SWAPS
Values in thousands
Floating Rate Index (Frequency) | Fixed Rate (%) (Frequency) | Fund Pays/ Receives Floating Rate | Counterparty | Termination Date | Notional Amount | Upfront Payments (Receipts) ($) | Unrealized Appreciation (Depreciation) ($) | Value ($) | ||||||||||||||||
3 month KLIBOR quarterly | 3.78 quarterly | Receive | GS | 3/14/2033 | MYR 2,210 | 7 | (6 | ) | 1 | |||||||||||||||
3 month KLIBOR quarterly | 3.98 quarterly | Receive | GS | 8/15/2033 | MYR 1,550 | 1 | (5 | ) | (4 | ) | ||||||||||||||
Total | 8 | (11 | ) | (3 | ) |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Global Value Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 91.4% | ||||||||
BELGIUM - 1.0% | ||||||||
Groupe Bruxelles Lambert NV(1) | 326 | $ | 23,180 | |||||
CHINA - 2.0% | ||||||||
Alibaba Group Holding Ltd.(1) | 5,255 | 47,244 | ||||||
FRANCE - 7.1% | ||||||||
Danone SA(1) | 1,576 | 96,183 | ||||||
Sodexo SA(1) | 395 | 35,586 | ||||||
TotalEnergies SE(1) | 590 | 39,325 | ||||||
171,094 | ||||||||
GERMANY - 5.6% | ||||||||
Daimler Truck Holding AG(1) | 584 | 23,246 | ||||||
Heidelberg Materials AG(1) | 1,074 | 111,269 | ||||||
134,515 | ||||||||
NETHERLANDS - 5.6% | ||||||||
Heineken NV(1) | 576 | 55,563 | ||||||
Koninklijke Philips NV*(1) | 3,201 | 80,490 | ||||||
136,053 | ||||||||
SOUTH KOREA - 4.8% | ||||||||
Samsung Electronics Co. Ltd.(1) | 1,959 | 115,130 | ||||||
SWITZERLAND - 9.1% | ||||||||
Cie Financiere Richemont SA(1) | 357 | 55,640 | ||||||
Novartis AG(1) | 958 | 102,621 | ||||||
UBS Group AG(1) | 2,053 | 60,082 | ||||||
218,343 | ||||||||
UNITED KINGDOM - 10.4% | ||||||||
BAE Systems plc(1) | 3,418 | 57,077 | ||||||
Compass Group plc(1) | 3,202 | 87,183 | ||||||
Diageo plc(1) | 1,066 | 33,532 | ||||||
Lloyds Banking Group plc(1) | 57,727 | 39,994 | ||||||
Reckitt Benckiser Group plc(1) | 632 | 34,099 | ||||||
251,885 | ||||||||
UNITED STATES - 45.8% | ||||||||
Alphabet, Inc., Class A | 658 | 119,782 | ||||||
American Express Co. | 411 | 95,210 | ||||||
Aon plc, Class A | 84 | 24,579 | ||||||
Bank of New York Mellon Corp. (The) | 1,475 | 88,350 | ||||||
Berkshire Hathaway, Inc., Class B* | 224 | 91,205 | ||||||
Charles Schwab Corp. (The) | 1,103 | 81,266 | ||||||
Citigroup, Inc. | 951 | 60,341 | ||||||
Elevance Health, Inc. | 201 | 109,058 | ||||||
Henry Schein, Inc.* | 494 | 31,668 | ||||||
Lam Research Corp. | 42 | 45,129 | ||||||
Marsh & McLennan Cos., Inc. | 294 | 61,913 | ||||||
Meta Platforms, Inc., Class A | 195 | 98,505 | ||||||
Progressive Corp. (The) | 415 | 86,171 | ||||||
Shell plc(1) | 2,364 | 84,958 | ||||||
Southwest Airlines Co. | 914 | 26,152 | ||||||
1,104,287 | ||||||||
Total common stocks | ||||||||
(Cost $1,401,060) | 2,201,731 | |||||||
SHORT-TERM INVESTMENT - 6.7% | ||||||||
INVESTMENT COMPANY - 6.7% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $161,298) | 161,298 | 161,298 | ||||||
Total investments - 98.1% | ||||||||
(Cost $1,562,358) | 2,363,029 | |||||||
Other assets less liabilities - 1.9% | 45,636 | |||||||
Total net assets - 100.0%# | $ | 2,408,665 |
Artisan Global Value Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $1,182,402, or 49.1% of total net assets. See notes (B) and (C) in the accompanying notes. |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 218,287 | 9.2 | % | ||||
Consumer Discretionary | 225,653 | 9.6 | ||||||
Consumer Staples | 219,377 | 9.3 | ||||||
Energy | 124,283 | 5.3 | ||||||
Financials | 712,291 | 30.1 | ||||||
Health Care | 323,837 | 13.7 | ||||||
Industrials | 106,475 | 4.5 | ||||||
Information Technology | 160,259 | 6.8 | ||||||
Materials | 111,269 | 4.7 | ||||||
Short-Term Investment | 161,298 | 6.8 | ||||||
Total investments | $ | 2,363,029 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage
of Total Investments | |||||||
CHF | $ | 218,343 | 9.2 | % | ||||
EUR | 464,842 | 19.7 | ||||||
GBP | 336,843 | 14.2 | ||||||
HKD | 47,244 | 2.0 | ||||||
KRW | 115,130 | 4.9 | ||||||
USD | 1,180,627 | 50.0 | ||||||
Total investments | $ | 2,363,029 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan High Income Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
CORPORATE BONDS - 72.5% | ||||||||
AEROSPACE & DEFENSE - 0.3% | ||||||||
Bombardier, Inc. | ||||||||
7.88%, 4/15/2027(1)(2) | $ | 4,163 | $ | 4,174 | ||||
TransDigm, Inc. | ||||||||
6.63%, 3/1/2032(1) | 16,145 | 16,307 | ||||||
20,481 | ||||||||
BROADLINE RETAIL - 1.9% | ||||||||
Nordstrom, Inc. | ||||||||
4.00%, 3/15/2027 | 14,636 | 13,940 | ||||||
4.25%, 8/1/2031 | 21,278 | 18,920 | ||||||
4.38%, 4/1/2030 | 56,341 | 51,228 | ||||||
5.00%, 1/15/2044 | 98,226 | 79,315 | ||||||
163,403 | ||||||||
BUILDING PRODUCTS - 0.4% | ||||||||
Eco Material Technologies, Inc. | ||||||||
7.88%, 1/31/2027(1) | 35,525 | 35,608 | ||||||
CAPITAL MARKETS - 0.4% | ||||||||
AG Issuer LLC | ||||||||
6.25%, 3/1/2028(1) | 38,743 | 37,896 | ||||||
CHEMICALS - 1.9% | ||||||||
LSF11 A5 HoldCo LLC | ||||||||
6.63%, 10/15/2029(1) | 9,429 | 8,924 | ||||||
Methanex Corp. | ||||||||
5.13%, 10/15/2027(2) | 28,114 | 27,118 | ||||||
5.25%, 12/15/2029(2) | 91,452 | 88,235 | ||||||
5.65%, 12/1/2044(2) | 4,854 | 4,189 | ||||||
SK Invictus Intermediate II SARL | ||||||||
5.00%, 10/30/2029(1) | 35,487 | 32,138 | ||||||
160,604 | ||||||||
CONSTRUCTION & ENGINEERING - 0.3% | ||||||||
Signature Aviation US Holdings, Inc. | ||||||||
4.00%, 3/1/2028(1) | 32,372 | 29,054 | ||||||
CONSUMER FINANCE - 0.1% | ||||||||
OneMain Finance Corp. | ||||||||
7.88%, 3/15/2030 | 8,312 | 8,570 | ||||||
CONTAINERS & PACKAGING - 1.7% | ||||||||
Ardagh Metal Packaging Finance USA LLC | ||||||||
3.00%, 9/1/2029 | EUR | 8,242 | 7,128 | |||||
3.25%, 9/1/2028(1) | 34,762 | 30,542 | ||||||
4.00%, 9/1/2029(1) | 45,034 | 38,110 | ||||||
6.00%, 6/15/2027(1) | 6,023 | 5,918 | ||||||
Canpack SA | ||||||||
3.88%, 11/15/2029(1)(2) | 2,560 | 2,295 | ||||||
Iris Holding, Inc. | ||||||||
10.00%, 12/15/2028(1) | 39,938 | 33,973 | ||||||
Pactiv Evergreen Group Issuer, Inc. | ||||||||
4.00%, 10/15/2027(1) | 22,731 | 21,291 | ||||||
Sealed Air Corp. | ||||||||
5.00%, 4/15/2029(1) | 5,078 | 4,833 | ||||||
144,090 | ||||||||
DISTRIBUTORS - 1.2% | ||||||||
American Builders & Contractors Supply Co., Inc. | ||||||||
3.88%, 11/15/2029(1) | 4,150 | 3,712 | ||||||
Gates Corp. | ||||||||
6.88%, 7/1/2029(1) | 28,074 | 28,564 | ||||||
Velocity Vehicle Group LLC | ||||||||
8.00%, 6/1/2029(1) | 4,005 | 4,119 | ||||||
Verde Purchaser LLC | ||||||||
10.50%, 11/30/2030(1) | 29,753 | 31,446 | ||||||
Windsor Holdings III LLC | ||||||||
8.50%, 6/15/2030(1) | 43,264 | 45,154 | ||||||
112,995 | ||||||||
DIVERSIFIED CONSUMER SERVICES - 0.4% | ||||||||
Wand NewCo 3, Inc. | ||||||||
7.63%, 1/30/2032(1) | 32,851 | 33,928 | ||||||
DIVERSIFIED REITS - 0.9% | ||||||||
Global Net Lease, Inc. | ||||||||
3.75%, 12/15/2027(1) | 53,117 | 46,538 | ||||||
Necessity Retail REIT, Inc. (The) | ||||||||
4.50%, 9/30/2028(1) | 31,343 | 27,575 | ||||||
74,113 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES - 8.2% | ||||||||
Altice France SA | ||||||||
5.13%, 1/15/2029(1)(2) | 8,119 | 5,297 | ||||||
5.13%, 7/15/2029(1)(2) | 52,694 | 34,652 | ||||||
5.50%, 1/15/2028(1)(2) | 7,974 | 5,461 | ||||||
5.50%, 10/15/2029(1)(2) | 118,339 | 77,996 | ||||||
CCO Holdings LLC | ||||||||
4.25%, 2/1/2031(1) | 95,593 | 78,046 | ||||||
4.25%, 1/15/2034(1) | 24,208 | 18,375 | ||||||
4.50%, 8/15/2030(1) | 108,069 | 91,489 | ||||||
4.50%, 5/1/2032 | 94,019 | 75,725 | ||||||
4.75%, 3/1/2030(1) | 39,605 | 34,303 | ||||||
5.00%, 2/1/2028(1) | 18,210 | 17,024 | ||||||
5.13%, 5/1/2027(1) | 26,053 | 25,015 | ||||||
6.38%, 9/1/2029(1) | 19,741 | 18,764 | ||||||
Virgin Media Finance plc | ||||||||
5.00%, 7/15/2030(1)(2) | 147,527 | 121,643 | ||||||
Virgin Media Secured Finance plc | ||||||||
4.50%, 8/15/2030(1)(2) | 25,800 | 21,877 | ||||||
5.50%, 5/15/2029(1)(2) | 27,393 | 25,041 | ||||||
Zayo Group Holdings, Inc. | ||||||||
4.00%, 3/1/2027(1) | 31,931 | 25,537 | ||||||
6.13%, 3/1/2028(1) | 40,256 | 26,954 | ||||||
703,199 |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
ELECTRICAL EQUIPMENT - 1.2% | ||||||||
Regal Rexnord Corp. | ||||||||
6.05%, 2/15/2026 | $ | 1,768 | $ | 1,772 | ||||
6.05%, 4/15/2028 | 3,998 | 4,046 | ||||||
6.30%, 2/15/2030 | 52,835 | 54,016 | ||||||
6.40%, 4/15/2033 | 46,270 | 47,343 | ||||||
107,177 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS - 0.1% | ||||||||
Insight Enterprises, Inc. | ||||||||
6.63%, 5/15/2032(1) | 8,026 | 8,150 | ||||||
FINANCIAL SERVICES - 0.3% | ||||||||
Block, Inc. | ||||||||
3.50%, 6/1/2031 | 7,513 | 6,481 | ||||||
6.50%, 5/15/2032(1) | 20,070 | 20,339 | ||||||
26,820 | ||||||||
FOOD PRODUCTS - 0.1% | ||||||||
H-Food Holdings LLC | ||||||||
8.50%, 6/1/2026(1) | 78,005 | 5,460 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES - 2.9% | ||||||||
Medline Borrower LP | ||||||||
3.88%, 4/1/2029(1) | 175,967 | 162,050 | ||||||
5.25%, 10/1/2029(1) | 59,998 | 57,258 | ||||||
6.25%, 4/1/2029(1) | 30,184 | 30,525 | ||||||
249,833 | ||||||||
HEALTH CARE PROVIDERS & SERVICES - 0.3% | ||||||||
HCA, Inc. | ||||||||
3.50%, 9/1/2030 | 14,382 | 12,973 | ||||||
Surgery Center Holdings, Inc. | ||||||||
7.25%, 4/15/2032(1) | 6,505 | 6,571 | ||||||
19,544 | ||||||||
HOTEL & RESORT REITS - 0.5% | ||||||||
XHR LP | ||||||||
4.88%, 6/1/2029(1) | 48,544 | 45,495 | ||||||
HOTELS, RESTAURANTS & LEISURE - 14.3% | ||||||||
Allwyn Entertainment Financing UK plc | ||||||||
7.88%, 4/30/2029(1)(2) | 4,660 | 4,815 | ||||||
Brinker International, Inc. | ||||||||
5.00%, 10/1/2024(1) | 26,345 | 26,249 | ||||||
8.25%, 7/15/2030(1) | 3,399 | 3,569 | ||||||
Carnival Corp. | ||||||||
4.00%, 8/1/2028(1) | 13,445 | 12,626 | ||||||
5.75%, 3/1/2027(1) | 120,587 | 119,131 | ||||||
6.00%, 5/1/2029(1) | 147,473 | 145,677 | ||||||
7.63%, 3/1/2026(1) | 7,882 | 7,960 | ||||||
10.50%, 6/1/2030(1) | 18,945 | 20,580 | ||||||
Carnival Holdings Bermuda Ltd. | ||||||||
10.38%, 5/1/2028(1) | 4,169 | 4,513 | ||||||
Churchill Downs, Inc. | ||||||||
4.75%, 1/15/2028(1) | 18,039 | 17,230 | ||||||
5.75%, 4/1/2030(1) | 8,334 | 8,095 | ||||||
Flutter Treasury Designated Activity Co. | ||||||||
6.38%, 4/29/2029(1)(2) | 16,286 | 16,389 | ||||||
Lindblad Expeditions Holdings, Inc. | ||||||||
9.00%, 5/15/2028(1) | 16,878 | 17,352 | ||||||
Lindblad Expeditions LLC | ||||||||
6.75%, 2/15/2027(1) | 39,985 | 39,483 | ||||||
Merlin Entertainments Group US Holdings, Inc. | ||||||||
7.38%, 2/15/2031(1)(2) | 39,437 | 40,181 | ||||||
MGM Resorts International | ||||||||
4.63%, 9/1/2026 | 4,758 | 4,642 | ||||||
4.75%, 10/15/2028 | 40,099 | 38,177 | ||||||
5.50%, 4/15/2027 | 2,484 | 2,451 | ||||||
Motion Bondco DAC | ||||||||
6.63%, 11/15/2027(1)(2) | 42,716 | 41,374 | ||||||
NCL Corp. Ltd. | ||||||||
3.63%, 12/15/2024(1) | 17,414 | 17,211 | ||||||
5.88%, 3/15/2026(1) | 54,925 | 54,300 | ||||||
5.88%, 2/15/2027(1) | 6,824 | 6,735 | ||||||
7.75%, 2/15/2029(1) | 72,482 | 75,360 | ||||||
8.13%, 1/15/2029(1) | 16,983 | 17,794 | ||||||
NCL Finance Ltd. | ||||||||
6.13%, 3/15/2028(1) | 135,465 | 133,776 | ||||||
Raising Cane’s Restaurants LLC | ||||||||
9.38%, 5/1/2029(1) | 4,247 | 4,587 | ||||||
Royal Caribbean Cruises Ltd. | ||||||||
4.25%, 7/1/2026(1) | 19,431 | 18,805 | ||||||
5.38%, 7/15/2027(1) | 8,553 | 8,422 | ||||||
5.50%, 8/31/2026(1) | 26,365 | 26,072 | ||||||
5.50%, 4/1/2028(1) | 49,465 | 48,834 | ||||||
6.25%, 3/15/2032(1) | 13,336 | 13,448 | ||||||
SeaWorld Parks & Entertainment, Inc. | ||||||||
5.25%, 8/15/2029(1) | 26,914 | 25,430 | ||||||
Station Casinos LLC | ||||||||
4.63%, 12/1/2031(1) | 29,589 | 26,373 | ||||||
TKC Holdings, Inc. | ||||||||
6.88%, 5/15/2028(1) | 60,254 | 58,420 | ||||||
10.50%, 5/15/2029(1) | 94,838 | 93,377 | ||||||
Vail Resorts, Inc. | ||||||||
6.50%, 5/15/2032(1) | 32,460 | 32,848 | ||||||
1,232,286 | ||||||||
HOUSEHOLD DURABLES - 0.2% | ||||||||
Tempur Sealy International, Inc. | ||||||||
3.88%, 10/15/2031(1) | 19,694 | 16,462 | ||||||
INSURANCE - 12.1% | ||||||||
Acrisure LLC | ||||||||
4.25%, 2/15/2029(1) | 20,011 | 18,178 | ||||||
6.00%, 8/1/2029(1) | 90,659 | 83,645 | ||||||
7.50%, 11/6/2030(1) | 37,584 | 37,610 | ||||||
8.25%, 2/1/2029(1) | 50,006 | 50,248 | ||||||
8.50%, 6/15/2029(1) | 35,984 | 36,354 | ||||||
Alliant Holdings Intermediate LLC | ||||||||
4.25%, 10/15/2027(1) | 11,678 | 10,934 | ||||||
5.88%, 11/1/2029(1) | 29,048 | 27,182 |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
6.75%, 10/15/2027(1) | $ | 32,028 | $ | 31,591 | ||||
7.00%, 1/15/2031(1) | 16,488 | 16,657 | ||||||
AmWINS Group, Inc. | ||||||||
4.88%, 6/30/2029(1) | 7,360 | 6,847 | ||||||
6.38%, 2/15/2029(1) | 11,301 | 11,332 | ||||||
Ardonagh Finco Ltd. | ||||||||
7.75%, 2/15/2031(1)(2) | 86,056 | 85,072 | ||||||
Ardonagh Group Finance Ltd. | ||||||||
8.88%, 2/15/2032(1)(2) | 245,066 | 239,358 | ||||||
AssuredPartners, Inc. | ||||||||
5.63%, 1/15/2029(1) | 1,469 | 1,374 | ||||||
Baldwin Insurance Group Holdings LLC | ||||||||
7.13%, 5/15/2031(1) | 49,691 | 50,268 | ||||||
BroadStreet Partners, Inc. | ||||||||
5.88%, 4/15/2029(1) | 65,204 | 60,841 | ||||||
GTCR AP Finance, Inc. | ||||||||
8.00%, 5/15/2027(1) | 60,606 | 60,746 | ||||||
Highlands Holdings Bond Issuer Ltd. | ||||||||
7.63% Cash, 8.38% PIK, 10/15/2025(1)(2) | 10,803 | 10,822 | ||||||
Howden UK Refinance plc | ||||||||
7.25%, 2/15/2031(1)(2) | 15,655 | 15,538 | ||||||
HUB International Ltd. | ||||||||
7.25%, 6/15/2030(1) | 54,194 | 55,556 | ||||||
Jones Deslauriers Insurance Management, Inc. | ||||||||
8.50%, 3/15/2030(1)(2) | 82,197 | 85,721 | ||||||
10.50%, 12/15/2030(1)(2) | 43,323 | 46,523 | ||||||
Ryan Specialty LLC | ||||||||
4.38%, 2/1/2030(1) | 7,638 | 7,074 | ||||||
1,049,471 | ||||||||
IT SERVICES - 1.8% | ||||||||
Arches Buyer, Inc. | ||||||||
4.25%, 6/1/2028(1) | 173,635 | 155,035 | ||||||
LIFE SCIENCES TOOLS & SERVICES - 0.0%^ | ||||||||
Fortrea Holdings, Inc. | ||||||||
7.50%, 7/1/2030(1) | 3,854 | 3,829 | ||||||
MACHINERY - 2.2% | ||||||||
Calderys Financing LLC | ||||||||
11.25%, 6/1/2028(1)(2) | 38,672 | 40,908 | ||||||
Chart Industries, Inc. | ||||||||
7.50%, 1/1/2030(1) | 18,527 | 19,145 | ||||||
9.50%, 1/1/2031(1) | 12,093 | 13,103 | ||||||
Werner FinCo. LP | ||||||||
8.75% Cash, 5.75% PIK, 10/15/2028(1) | 49,035 | 48,195 | ||||||
11.50%, 6/15/2028(1) | 55,221 | 59,967 | ||||||
181,318 | ||||||||
MEDIA - 3.7% | ||||||||
CMG Media Corp. | ||||||||
8.88%, 12/15/2027(1) | 13,630 | 7,774 | ||||||
CSC Holdings LLC | ||||||||
4.50%, 11/15/2031(1) | 8,967 | 5,786 | ||||||
4.63%, 12/1/2030(1) | 103,809 | 37,807 | ||||||
5.38%, 2/1/2028(1) | 6,632 | 5,039 | ||||||
6.50%, 2/1/2029(1) | 17,361 | 12,671 | ||||||
7.50%, 4/1/2028(1) | 57,856 | 30,705 | ||||||
11.25%, 5/15/2028(1) | 4,509 | 3,927 | ||||||
DISH Network Corp. | ||||||||
11.75%, 11/15/2027(1) | 33,558 | 32,904 | ||||||
Neptune Bidco US, Inc. | ||||||||
9.29%, 4/15/2029(1) | 26,881 | 25,800 | ||||||
Sinclair Television Group, Inc. | ||||||||
5.13%, 2/15/2027(1) | 42,744 | 37,695 | ||||||
5.50%, 3/1/2030(1) | 45,261 | 27,528 | ||||||
Sunrise HoldCo IV BV | ||||||||
5.50%, 1/15/2028(1)(2) | 3,108 | 3,006 | ||||||
Virgin Media Vendor Financing Notes IV DAC | ||||||||
5.00%, 7/15/2028(1)(2) | 22,722 | 20,218 | ||||||
Ziggo Bond Co. BV | ||||||||
5.13%, 2/28/2030(1)(2) | 18,989 | 16,134 | ||||||
6.00%, 1/15/2027(1)(2) | 27,070 | 26,552 | ||||||
Ziggo BV | ||||||||
4.88%, 1/15/2030(1)(2) | 24,246 | 21,555 | ||||||
315,101 | ||||||||
METALS & MINING - 0.8% | ||||||||
Commercial Metals Co. | ||||||||
3.88%, 2/15/2031 | 3,702 | 3,294 | ||||||
4.13%, 1/15/2030 | 12,069 | 11,032 | ||||||
Compass Minerals International, Inc. | ||||||||
6.75%, 12/1/2027(1) | 55,979 | 53,496 | ||||||
67,822 | ||||||||
OIL, GAS & CONSUMABLE FUELS - 3.7% | ||||||||
Comstock Resources, Inc. | ||||||||
6.75%, 3/1/2029(1) | 36,594 | 35,182 | ||||||
CrownRock LP | ||||||||
5.00%, 5/1/2029(1) | 29,058 | 28,823 | ||||||
5.63%, 10/15/2025(1) | 5,946 | 5,932 | ||||||
Global Partners LP | ||||||||
8.25%, 1/15/2032(1) | 3,342 | 3,435 | ||||||
MEG Energy Corp. | ||||||||
5.88%, 2/1/2029(1)(2) | 49,663 | 48,308 | ||||||
SM Energy Co. | ||||||||
6.50%, 7/15/2028 | 19,854 | 19,683 | ||||||
6.63%, 1/15/2027 | 3,778 | 3,763 | ||||||
Strathcona Resources Ltd. | ||||||||
6.88%, 8/1/2026(1)(2) | 28,417 | 28,119 | ||||||
Venture Global Calcasieu Pass LLC | ||||||||
3.88%, 8/15/2029(1) | 5 | 5 | ||||||
Venture Global LNG, Inc. | ||||||||
9.50%, 2/1/2029(1) | 57,722 | 63,211 | ||||||
9.88%, 2/1/2032(1) | 77,717 | 84,589 | ||||||
321,050 | ||||||||
PAPER & FOREST PRODUCTS - 0.4% | ||||||||
Ahlstrom Holding 3 Oy |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
4.88%, 2/4/2028(1)(2) | $ | 33,404 | $ | 31,187 | ||||
PASSENGER AIRLINES - 4.0% | ||||||||
Delta Air Lines, Inc. | ||||||||
3.75%, 10/28/2029 | 54,212 | 49,959 | ||||||
4.38%, 4/19/2028 | 9,849 | 9,491 | ||||||
7.38%, 1/15/2026 | 37,312 | 38,059 | ||||||
VistaJet Malta Finance plc | ||||||||
6.38%, 2/1/2030(1)(2) | 227,970 | 179,128 | ||||||
7.88%, 5/1/2027(1)(2)(3) | 57,489 | 50,747 | ||||||
9.50%, 6/1/2028(1)(2) | 19,631 | 17,209 | ||||||
344,593 | ||||||||
PERSONAL CARE PRODUCTS - 1.1% | ||||||||
BellRing Brands, Inc. | ||||||||
7.00%, 3/15/2030(1) | 77,724 | 79,651 | ||||||
Prestige Brands, Inc. | ||||||||
3.75%, 4/1/2031(1) | 22,886 | 19,919 | ||||||
99,570 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT - 0.3% | ||||||||
Anywhere Real Estate Group LLC | ||||||||
5.75%, 1/15/2029(1) | 36,031 | 22,177 | ||||||
SOFTWARE - 1.0% | ||||||||
Castle US Holding Corp. | ||||||||
9.50%, 2/15/2028(1) | 25,953 | 12,198 | ||||||
SS&C Technologies, Inc. | ||||||||
6.50%, 6/1/2032(1) | 20,066 | 20,241 | ||||||
UKG, Inc. | ||||||||
6.88%, 2/1/2031(1) | 56,607 | 57,316 | ||||||
89,755 | ||||||||
SPECIALIZED REITS - 0.2% | ||||||||
Iron Mountain, Inc. | ||||||||
5.00%, 7/15/2028(1) | 2,053 | 1,967 | ||||||
5.25%, 7/15/2030(1) | 16,752 | 15,922 | ||||||
17,889 | ||||||||
SPECIALTY RETAIL - 2.1% | ||||||||
Asbury Automotive Group, Inc. | ||||||||
4.63%, 11/15/2029(1) | 27,360 | 25,288 | ||||||
Bath & Body Works, Inc. | ||||||||
6.63%, 10/1/2030(1) | 9,413 | 9,442 | ||||||
6.75%, 7/1/2036 | 10,753 | 10,705 | ||||||
6.88%, 11/1/2035 | 26,806 | 27,035 | ||||||
Cougar JV Subsidiary LLC | ||||||||
8.00%, 5/15/2032(1) | 28,098 | 29,055 | ||||||
Evergreen Acqco 1 LP | ||||||||
9.75%, 4/26/2028(1) | 15,068 | 16,080 | ||||||
Gap, Inc. (The) | ||||||||
3.63%, 10/1/2029(1) | 38,970 | 33,738 | ||||||
3.88%, 10/1/2031(1) | 26,947 | 22,495 | ||||||
Specialty Building Products Holdings LLC | ||||||||
6.38%, 9/30/2026(1) | 7,217 | 7,091 | ||||||
180,929 | ||||||||
TRADING COMPANIES & DISTRIBUTORS - 0.3% | ||||||||
United Rentals North America, Inc. | ||||||||
6.00%, 12/15/2029(1) | 23,069 | 23,171 | ||||||
WIRELESS TELECOMMUNICATION SERVICES - 1.2% | ||||||||
Altice France Holding SA | ||||||||
6.00%, 2/15/2028(1)(2) | 89,835 | 29,196 | ||||||
10.50%, 5/15/2027(1)(2) | 25,971 | 10,362 | ||||||
Vmed O2 UK Financing I plc | ||||||||
4.25%, 1/31/2031(1)(2) | 42,712 | 35,446 | ||||||
7.75%, 4/15/2032(1)(2) | 32,524 | 31,725 | ||||||
106,729 | ||||||||
Total corporate bonds (Cost $6,613,072) | 6,244,794 | |||||||
BANK LOANS - 16.2% | ||||||||
AUTO COMPONENTS - 0.6% | ||||||||
WP NewCo LLC Term Loan | ||||||||
(SOFR + 4.50%), 10.09%, 5/11/2028(4) | 83,885 | 49,043 | ||||||
AUTOMOBILE COMPONENTS - 0.2% | ||||||||
Wheel Pros, Inc. Term Loan | ||||||||
(SOFR + 8.88%), 14.46%, 5/11/2028(4) | 12,709 | 13,618 | ||||||
CAPITAL MARKETS - 0.2% | ||||||||
Aretec Group, Inc. Term Loan B2 | ||||||||
(SOFR + 4.00%), 9.34%, 8/9/2030(4) | 12,478 | 12,517 | ||||||
Osaic Holdings, Inc. Term Loan | ||||||||
(SOFR + 4.00%), 9.34%, 8/17/2028(4) | 7,878 | 7,899 | ||||||
20,416 | ||||||||
COMMERCIAL SERVICES - 0.3% | ||||||||
Digital Room Holdings, Inc. First Lien Term Loan | ||||||||
(SOFR + 5.25%), 10.69%, 12/21/2028(4) | 28,543 | 27,365 | ||||||
COMMERCIAL SERVICES & SUPPLIES - 0.2% | ||||||||
OMNIA Partners LLC Term Loan | ||||||||
(SOFR + 3.25%), 8.57%, 7/25/2030(4) | 15,819 | 15,817 | ||||||
COMMUNICATIONS EQUIPMENT - 0.7% | ||||||||
Delta Topco, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.50%), 8.85%, 11/30/2029(4) | 25,761 | 25,740 |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
Delta Topco, Inc. Second Lien Term Loan | ||||||||
(SOFR + 5.25%), 10.60%, 11/29/2030(4) | $ | 32,835 | $ | 33,229 | ||||
58,969 | ||||||||
CONSTRUCTION & ENGINEERING - 0.2% | ||||||||
CD&R Hydra Buyer, Inc. Term Loan | ||||||||
(SOFR + 4.00%), 9.44%, 3/25/2031(4) | 15,810 | 15,835 | ||||||
CONTAINERS & PACKAGING - 0.4% | ||||||||
Iris Holding, Inc. First Lien Term Loan | ||||||||
(SOFR + 4.75%), 10.18%, 6/28/2028(4) | 35,795 | 33,692 | ||||||
DISTRIBUTORS - 0.4% | ||||||||
Verde Purchaser LLC Term Loan | ||||||||
(SOFR + 4.50%), 9.83%, 11/30/2030(4) | 33,883 | 33,824 | ||||||
DIVERSIFIED CONSUMER SERVICES - 0.6% | ||||||||
Wand Newco 3, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.75%), 9.09%, 1/30/2031(4) | 51,506 | 51,819 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES - 0.3% | ||||||||
Zayo Group Holdings, Inc. Term Loan | ||||||||
(SOFR + 3.00%), 8.46%, 3/9/2027(4) | 34,510 | 29,952 | ||||||
ELECTRICAL EQUIPMENT - 0.2% | ||||||||
Indicor LLC First Lien Term Loan | ||||||||
(SOFR + 3.25%), 8.58%, 11/22/2029(4) | 17,615 | 17,681 | ||||||
ENTERTAINMENT - 0.7% | ||||||||
J&J Ventures Gaming LLC Delayed Draw Term Loan | ||||||||
(SOFR + 4.25%), 9.71%, 4/26/2028(4) | 41,359 | 41,204 | ||||||
J&J Ventures Gaming LLC Term Loan | ||||||||
(SOFR + 4.00%), 9.46%, 4/26/2028(4) | 13,207 | 13,176 | ||||||
54,380 | ||||||||
FINANCIAL SERVICES - 0.3% | ||||||||
Kestra Advisor Services Holdings A, Inc. Term Loan | ||||||||
(SOFR + 4.00%), 9.34%, 3/22/2031(4) | 24,357 | 24,418 | ||||||
FOOD PRODUCTS - 0.8% | ||||||||
H-Food Holdings LLC Term Loan | ||||||||
(SOFR + 3.69%), 9.30%, 5/23/2025(4) | 50,832 | 36,965 | ||||||
H-Food Holdings LLC Term Loan B2 | ||||||||
(SOFR + 4.00%), 9.61%, 5/23/2025(4) | 32,831 | 23,875 | ||||||
H-Food Holdings LLC Term Loan B3 | ||||||||
(SOFR + 5.00%), 10.61%, 5/23/2025(4) | 11,032 | 8,022 | ||||||
68,862 | ||||||||
FOOD SERVICE - 1.0% | ||||||||
TKC Holdings, Inc. Term Loan | ||||||||
(SOFR + 5.50%), 11.11%, 5/15/2028(4) | 71,548 | 71,352 | ||||||
TKC Midco 1 LLC Term Loan | ||||||||
12.00% Cash, 13.50% PIK, 2/15/2027 | 21,888 | 17,948 | ||||||
89,300 | ||||||||
HEALTH CARE PROVIDERS & SERVICES - 0.3% | ||||||||
Surgery Center Holdings, Inc. Term Loan | ||||||||
(SOFR + 2.75%), 8.09%, 12/19/2030(4) | 23,737 | 23,773 | ||||||
HOTELS, RESTAURANTS & LEISURE - 0.5% | ||||||||
BCPE Grill Parent, Inc. Term Loan | ||||||||
(SOFR + 4.75%), 10.09%, 9/30/2030(4) | 36,890 | 36,281 | ||||||
LC Ahab US Bidco LLC Term Loan | ||||||||
(SOFR + 3.50%), 8.84%, 5/1/2031(4) | 8,008 | 8,013 | ||||||
44,294 | ||||||||
INSURANCE - 2.8% | ||||||||
Amynta Agency Borrower, Inc. First Lien Term Loan | ||||||||
(SOFR + 4.00%), 9.24%, 2/28/2028(4) | 9,625 | 9,639 | ||||||
(SOFR + 4.25%), 9.55%, 2/28/2028(4) | 105,945 | 106,096 | ||||||
Ardonagh Group Finance Pty Ltd. First Lien Term Loan | ||||||||
(SOFR + 3.75%), 8.98%, 2/27/2031(4) | 39,731 | 39,632 | ||||||
AssuredPartners, Inc. Term Loan | ||||||||
(SOFR + 3.50%), 8.84%, 2/14/2031(4) | 3,088 | 3,094 | ||||||
HIG Finance 2 Ltd. Term Loan | ||||||||
(SOFR + 3.50%), 8.84%, 2/15/2031(4) | 12,232 | 12,249 | ||||||
Hub International Ltd. Term Loan | ||||||||
(SOFR + 3.25%), 8.57%, 6/20/2030(4) | 5,728 | 5,738 | ||||||
(SOFR + 3.25%), 8.58%, 6/20/2030(4) | 15 | 15 | ||||||
OneDigital Borrower LLC Second Lien Term Loan | ||||||||
(SOFR + 5.75%), 10.99%, 6/14/2032(4) | 14,040 | 13,970 | ||||||
Truist Insurance Holdings LLC Second Lien Term Loan | ||||||||
(SOFR + 4.75%), 10.08%, 5/6/2032(4) | 48,334 | 49,200 | ||||||
239,633 | ||||||||
INVESTMENT COMPANIES - 1.2% | ||||||||
Nexus Buyer LLC First Lien Term Loan |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Principal Amount | Value | |||||||
(SOFR + 3.75%), 9.19%, 11/9/2026(4) | $ | 26,098 | $ | 26,050 | ||||
(SOFR + 4.50%), 9.84%, 12/13/2028(4) | 16,018 | 16,014 | ||||||
Nexus Buyer LLC Second Lien Term Loan | ||||||||
(SOFR + 6.25%), 11.69%, 11/5/2029(4) | 62,871 | 62,509 | ||||||
104,573 | ||||||||
IT SERVICES - 0.1% | ||||||||
Arches Buyer, Inc. Term Loan | ||||||||
(SOFR + 3.25%), 8.69%, 12/6/2027(4) | 9,177 | 8,766 | ||||||
LEISURE PRODUCTS - 0.2% | ||||||||
Bulldog Purchaser, Inc. Second Lien Term Loan | ||||||||
(SOFR + 6.75%), 12.08%, 6/28/2032(4) | 9,545 | 9,474 | ||||||
Bulldog Purchaser, Inc. Term Loan B | ||||||||
(SOFR + 4.25%), 9.48%, 6/13/2031(4) | 11,117 | 11,159 | ||||||
20,633 | ||||||||
RETAIL - CONSUMER STAPLES - 0.0%^ | ||||||||
Arthur US Finco, Inc. Term Loan | ||||||||
(SOFR + 5.25%), 10.58%, 12/14/2029(4) | 401 | 386 | ||||||
SOFTWARE - 3.3% | ||||||||
Applied Systems, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.50%), 8.83%, 2/24/2031(4) | 44,631 | 44,933 | ||||||
Applied Systems, Inc. Second Lien Term Loan | ||||||||
(SOFR + 5.25%), 10.58%, 2/23/2032(4) | 19,044 | 19,663 | ||||||
Castle US Holding Corp. Term Loan | ||||||||
(SOFR + 3.75%), 9.36%, 1/29/2027(4) | 4,823 | 2,973 | ||||||
CommerceHub, Inc. Second Lien Term Loan | ||||||||
(SOFR + 7.00%), 12.48%, 12/29/2028(4) | 10,610 | 8,461 | ||||||
Constant Contact, Inc. Second Lien Term Loan | ||||||||
(SOFR + 7.50%), 13.06%, 2/12/2029(4) | 28,018 | 25,776 | ||||||
Matrix Parent, Inc. First Lien Term Loan | ||||||||
(SOFR + 7.00%), 10.46%, 3/1/2029(4) | 21,052 | 7,157 | ||||||
Orchid Merger Sub II LLC Term Loan | ||||||||
(SOFR + 4.75%), 10.23%, 7/27/2027(4) | 22,918 | 13,751 | ||||||
Renaissance Holding Corp. First Lien Term Loan | ||||||||
(SOFR + 4.25%), 9.60%, 4/5/2030(4) | 61,509 | 61,422 | ||||||
UKG, Inc. First Lien Term Loan | ||||||||
(SOFR + 3.25%), 8.58%, 2/10/2031(4) | 105,742 | 106,086 | ||||||
290,222 | ||||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 0.3% | ||||||||
Ivanti Software, Inc. First Lien Term Loan | ||||||||
(SOFR + 4.00%), 9.56%, 12/1/2027(4) | 24,083 | 18,807 | ||||||
(SOFR + 4.25%), 9.81%, 12/1/2027(4) | 4,698 | 3,709 | ||||||
Ivanti Software, Inc. Second Lien Term Loan | ||||||||
(SOFR + 7.25%), 12.83%, 12/1/2028(4) | 6,435 | 4,094 | ||||||
26,610 | ||||||||
TRANSPORTATION - 0.4% | ||||||||
SIRVA Worldwide, Inc. Delayed Draw Term Loan | ||||||||
(SOFR + 8.00%), 13.43%, 3/6/2026(4)(5)(6) | 947 | 939 | ||||||
SIRVA Worldwide, Inc. First Lien Term Loan | ||||||||
(SOFR + 5.50%), 11.09%, 8/4/2025(4) | 5,461 | 3,823 | ||||||
(SOFR + 5.50%), 11.11%, 8/4/2025(4) | 31,027 | 21,718 | ||||||
SIRVA Worldwide, Inc. Term Loan | ||||||||
(SOFR + 8.00%), 13.44%, 3/6/2026(4)(5)(6) | 5,699 | 5,653 | ||||||
32,133 | ||||||||
Total bank loans (Cost $1,465,619) | 1,396,014 |
Shares Held | ||||||||
COMMON STOCK - 0.2% | ||||||||
MACHINERY - 0.2% | ||||||||
Utex Equity (Cost $10,178)*(7) | 364 | 13,710 |
No. of Warrants‡ | ||||||||
WARRANTS - 0.0% | ||||||||
FINANCIAL SERVICES - 0.0% | ||||||||
Carnelian Point Holdings LP, expiring 6/30/2027, strike price 10 (Cost $—)*(5)(6)(7) | 71 | — |
Shares | ||||||||
SHORT-TERM INVESTMENT - 9.7% | ||||||||
INVESTMENT COMPANY - 9.7% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19%(8) (Cost $838,822) | 838,822 | 838,822 |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and values in thousands and reported in USD unless otherwise stated
Value | ||||
Total investments - 98.6% (Cost $8,927,691) | 8,493,340 | |||
Other assets less liabilities - 1.4% | 118,838 | |||
Total net assets - 100.0%# | $ | 8,612,178 |
(1) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. May be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(2) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency |
Ahlstrom Holding 3 Oy, 4.88%, 2/4/2028 | Finland | USD |
Allwyn Entertainment Financing UK plc, 7.88%, 4/30/2029 | Czech Republic | USD |
Altice France Holding SA, 6.00%, 2/15/2028 | Luxembourg | USD |
Altice France Holding SA, 10.50%, 5/15/2027 | Luxembourg | USD |
Altice France SA, 5.13%, 1/15/2029 | France | USD |
Altice France SA, 5.13%, 7/15/2029 | France | USD |
Altice France SA, 5.50%, 1/15/2028 | France | USD |
Altice France SA, 5.50%, 10/15/2029 | France | USD |
Ardonagh Finco Ltd., 7.75%, 2/15/2031 | United Kingdom | USD |
Ardonagh Group Finance Ltd., 8.88%, 2/15/2032 | United Kingdom | USD |
Bombardier, Inc., 7.88%, 4/15/2027 | Canada | USD |
Calderys Financing LLC, 11.25%, 6/1/2028 | France | USD |
Canpack SA, 3.88%, 11/15/2029 | Poland | USD |
Flutter Treasury Designated Activity Co., 6.38%, 4/29/2029 | Ireland | USD |
Highlands Holdings Bond Issuer Ltd., 7.63% Cash, 8.38% PIK, 10/15/2025 | Bermuda | USD |
Howden UK Refinance plc, 7.25%, 2/15/2031 | United Kingdom | USD |
Jones Deslauriers Insurance Management, Inc., 8.50%, 3/15/2030 | Canada | USD |
Jones Deslauriers Insurance Management, Inc., 10.50%, 12/15/2030 | Canada | USD |
MEG Energy Corp., 5.88%, 2/1/2029 | Canada | USD |
Merlin Entertainments Group US Holdings, Inc., 7.38%, 2/15/2031 | United Kingdom | USD |
Methanex Corp., 5.13%, 10/15/2027 | Canada | USD |
Methanex Corp., 5.25%, 12/15/2029 | Canada | USD |
Methanex Corp., 5.65%, 12/1/2044 | Canada | USD |
Motion Bondco DAC, 6.63%, 11/15/2027 | United Kingdom | USD |
Strathcona Resources Ltd., 6.88%, 8/1/2026 | Canada | USD |
Sunrise HoldCo IV BV, 5.50%, 1/15/2028 | Netherlands | USD |
Virgin Media Finance plc, 5.00%, 7/15/2030 | United Kingdom | USD |
Virgin Media Secured Finance plc, 4.50%, 8/15/2030 | United Kingdom | USD |
Virgin Media Secured Finance plc, 5.50%, 5/15/2029 | United Kingdom | USD |
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 7/15/2028 | United Kingdom | USD |
VistaJet Malta Finance plc, 6.38%, 2/1/2030 | Switzerland | USD |
VistaJet Malta Finance plc, 7.88%, 5/1/2027 | Switzerland | USD |
VistaJet Malta Finance plc, 9.50%, 6/1/2028 | Switzerland | USD |
Vmed O2 UK Financing I plc, 4.25%, 1/31/2031 | United Kingdom | USD |
Vmed O2 UK Financing I plc, 7.75%, 4/15/2032 | United Kingdom | USD |
Ziggo Bond Co. BV, 5.13%, 2/28/2030 | Netherlands | USD |
Ziggo Bond Co. BV, 6.00%, 1/15/2027 | Netherlands | USD |
Ziggo BV, 4.88%, 1/15/2030 | Netherlands | USD |
(3) | All or a portion of security is on loan at June 30, 2024. |
(4) | Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of June 30, 2024. |
(5) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
Artisan High Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(6) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $6,592, or 0.1% of total net assets. See notes (B) and (C) in the accompanying notes. |
(7) | Defaulted securities. |
(8) | Security is partially used as collateral for securities lending. At June 30, 2024, the Fund had loaned securities with a total value of $16,057. This was collateralized by cash of $16,398 which was subsequently invested in an investment company. |
UNFUNDED LOAN COMMITMENTS
Pursuant to the terms of the following bank loan agreements, the portfolio had unfunded loan commitments of $8,736 or 0.1% of the total net assets as of June 30, 2024, which could be drawn at the option of the borrower:
Borrower | Unfunded Commitment Amount | Unfunded Value | Unrealized Appreciation (Depreciation) | |||||||||
SIRVA Worldwide, Inc. Delayed Draw Term Loan | $ | 828 | $ | 822 | $ | (6 | ) | |||||
$ | 828 | $ | 822 | $ | (6 | ) |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 1,209,361 | 14.2 | % | ||||
Consumer Discretionary | 1,904,191 | 22.4 | ||||||
Consumer Staples | 263,578 | 3.1 | ||||||
Energy | 321,050 | 3.8 | ||||||
Financials | 1,511,797 | 17.8 | ||||||
Health Care | 296,979 | 3.5 | ||||||
Industrials | 912,986 | 10.8 | ||||||
Information Technology | 637,507 | 7.5 | ||||||
Materials | 437,395 | 5.1 | ||||||
Real Estate | 159,674 | 1.9 | ||||||
Short-Term Investment | 838,822 | 9.9 | ||||||
Total investments | $ | 8,493,340 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments |
|||||||
EUR | $ | 7,128 | 0.1 | % | ||||
USD | 8,486,212 | 99.9 | ||||||
Total investments | $ | 8,493,340 | 100.0 | % |
FOREIGN CURRENCY FORWARD CONTRACTS | ||||||||||||||||||||
Values in thousands | ||||||||||||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Depreciation | ||||||||||||||||
USD | 3,683 | EUR | 3,445 | BOA | 7/19/2024 | $ | (9 | ) | ||||||||||||
USD | 3,239 | EUR | 3,029 | BOA | 7/19/2024 | (8 | ) | |||||||||||||
Total unrealized depreciation | (17 | ) |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan International Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS AND EQUITY-LINKED SECURITY - 96.2% | ||||||||
BELGIUM - 3.5% | ||||||||
UCB SA(1) | 1,218 | $ | 180,529 | |||||
CANADA - 3.6% | ||||||||
Canadian Pacific Kansas City Ltd. | 1,742 | 137,224 | ||||||
Shopify, Inc., Class A* | 757 | 49,976 | ||||||
187,200 | ||||||||
DENMARK - 9.0% | ||||||||
Danske Bank A/S(1) | 3,213 | 95,651 | ||||||
NKT A/S*(1) | 417 | 36,364 | ||||||
Novo Nordisk A/S, ADR | 174 | 24,792 | ||||||
Novo Nordisk A/S, Class B(1) | 2,044 | 292,054 | ||||||
Novonesis (Novozymes) B, Class B(1) | 264 | 16,152 | ||||||
465,013 | ||||||||
FRANCE - 8.6% | ||||||||
Air Liquide SA(1) | 1,285 | 221,313 | ||||||
Airbus SE(1) | 432 | 59,503 | ||||||
AXA SA(1) | 1,930 | 63,543 | ||||||
Safran SA(1) | 475 | 99,834 | ||||||
444,193 | ||||||||
GERMANY - 9.0% | ||||||||
Allianz SE(1) | 385 | 107,044 | ||||||
Deutsche Bank AG(1) | 4,670 | 74,503 | ||||||
Deutsche Boerse AG(1) | 774 | 158,161 | ||||||
Deutsche Telekom AG(1) | 4,881 | 122,789 | ||||||
462,497 | ||||||||
IRELAND - 4.1% | ||||||||
AerCap Holdings NV | 1,317 | 122,766 | ||||||
Ryanair Holdings plc, Equity-Linked Security*(1)(2)(3) | 5,052 | 88,180 | ||||||
210,946 | ||||||||
ITALY - 3.7% | ||||||||
BFF Bank SpA(1)(4) | 2,288 | 21,797 | ||||||
Mediobanca Banca di Credito Finanziario SpA(1) | 3,378 | 49,714 | ||||||
UniCredit SpA(1) | 1,657 | 61,747 | ||||||
Wizz Air Holdings plc*(1)(4) | 2,100 | 59,401 | ||||||
192,659 | ||||||||
JAPAN - 11.2% | ||||||||
Coca-Cola Bottlers Japan Holdings, Inc.(1) | 1,265 | 15,839 | ||||||
Daiichi Sankyo Co. Ltd.(1) | 2,349 | 82,070 | ||||||
Japan Post Bank Co. Ltd.(1) | 596 | 5,637 | ||||||
Mitsubishi Electric Corp.(1) | 620 | 9,915 | ||||||
Mitsubishi Estate Co. Ltd.(1) | 4,161 | 65,551 | ||||||
Mitsui Fudosan Co. Ltd.(1) | 9,485 | 87,246 | ||||||
Nippon Sanso Holdings Corp.(1) | 2,004 | 59,617 | ||||||
Otsuka Holdings Co. Ltd.(1)(5) | 1,849 | 77,957 | ||||||
Resona Holdings, Inc.(1) | 10,232 | 67,942 | ||||||
Sumitomo Mitsui Financial Group, Inc.(1) | 1,082 | 72,381 | ||||||
Tokyu Corp.(1) | 3,009 | 33,130 | ||||||
577,285 | ||||||||
MEXICO - 1.5% | ||||||||
Cemex SAB de CV, ADR | 4,690 | 29,970 | ||||||
Wal-Mart de Mexico SAB de CV | 13,775 | 47,052 | ||||||
77,022 | ||||||||
NETHERLANDS - 5.4% | ||||||||
Argenx SE*(1) | 107 | 46,371 | ||||||
Argenx SE, ADR* | 310 | 133,370 | ||||||
ASML Holding NV(1) | 46 | 47,747 | ||||||
ASML Holding NV, ADR | 51 | 52,628 | ||||||
280,116 | ||||||||
RUSSIA - 0.0% | ||||||||
GMK Norilskiy Nickel PAO, ADR*(1)(6)(7) | 4,881 | — | ||||||
Sberbank of Russia PJSC*(1)(6)(7) | 38,445 | — | ||||||
— | ||||||||
SOUTH KOREA - 2.2% | ||||||||
Hanwha Aerospace Co. Ltd.(1) | 263 | 47,519 | ||||||
LIG Nex1 Co. Ltd.(1) | 398 | 63,600 | ||||||
111,119 | ||||||||
SPAIN - 1.6% | ||||||||
Aena SME SA(1)(4) | 368 | 74,134 | ||||||
Banco Santander SA(1) | 2,126 | 9,855 | ||||||
83,989 | ||||||||
SWITZERLAND - 8.5% | ||||||||
Galderma Group AG*(1) | 232 | 19,063 | ||||||
Medacta Group SA(1)(4) | 354 | 48,221 | ||||||
SGS SA(1) | 287 | 25,537 | ||||||
Temenos AG(1) | 721 | 49,714 | ||||||
UBS Group AG(1) | 10,216 | 299,028 | ||||||
441,563 | ||||||||
UNITED KINGDOM - 11.9% | ||||||||
Ashtead Group plc(1) | 441 | 29,360 | ||||||
AstraZeneca plc(1) | 302 | 47,096 | ||||||
BAE Systems plc(1) | 11,230 | 187,509 | ||||||
London Stock Exchange Group plc(1) | 517 | 61,274 | ||||||
Melrose Industries plc(1) | 23,212 | 162,105 | ||||||
RELX plc(1) | 2,732 | 125,255 | ||||||
612,599 | ||||||||
UNITED STATES - 12.4% | ||||||||
Amazon.com, Inc.* | 1,486 | 287,142 | ||||||
CRH plc | 695 | 52,106 | ||||||
Linde plc | 544 | 238,777 | ||||||
Nestle SA(1) | 627 | 63,990 | ||||||
642,015 | ||||||||
Total common stocks and equity-linked security | ||||||||
(Cost $3,884,851) | 4,968,745 | |||||||
SHORT-TERM INVESTMENT - 2.5% | ||||||||
INVESTMENT COMPANY - 2.5% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19%(8) (Cost $128,115) | 128,115 | 128,115 |
Artisan International Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Value | ||||||||
Total
investments - 98.7% (Cost $4,012,966) | $ | 5,096,860 | ||||||
Other assets less liabilities - 1.3% | 66,418 | |||||||
Total net assets - 100.0%# | $ | 5,163,278 |
Artisan International Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1)
|
Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $3,792,942, or 73.5% of total net assets. See notes (B) and (C) in the accompanying notes. |
(2) | Security is restricted. Security was acquired in a transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or during the period noted below. |
Security | Acquisition Date | Cost | Value | Percentage
of Total Net Assets | ||||||||||
Ryanair Holdings plc | 11/14/2013 - 10/23/2023 | $ | 78,364 | $ | 88,180 | 1.7 | % | |||||||
(3) | Security is an equity-linked security issued by HSBC Bank plc. Equity-linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them. |
(4) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $203,553 or 3.9% of net assets. |
(5) | All or a portion of security is on loan at June 30, 2024. |
(6) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(7) | Security is restricted. |
Security | Acquisition Date | Cost | Value | Percentage
of Total Net Assets | ||||||||||
GMK Norilskiy Nickel PAO | 11/09/2020 - 01/14/2022 | $ | 151,723 | $ | — | 0.0 | % | |||||||
Sberbank of Russia PJSC | 09/16/2021 - 02/11/2022 | 159,810 | — | 0.0 | % |
(8) | Security is partially used as collateral for securities lending. At June 30, 2024, the Fund had loaned securities with a total value of $22,128. This was collateralized by cash of $23,237 which was subsequently invested in an investment company. |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 122,789 | 2.4 | % | ||||
Consumer Discretionary | 287,142 | 5.7 | ||||||
Consumer Staples | 126,881 | 2.5 | ||||||
Financials | 1,148,277 | 22.5 | ||||||
Health Care | 951,523 | 18.7 | ||||||
Industrials | 1,361,336 | 26.7 | ||||||
Information Technology | 200,065 | 3.9 | ||||||
Materials | 617,935 | 12.1 | ||||||
Real Estate | 152,797 | 3.0 | ||||||
Short-Term Investment | 128,115 | 2.5 | ||||||
Total investments | $ | 5,096,860 | 100.0 | % |
Artisan International Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage
of Total Investments | |||||||
CAD | $ | 137,224 | 2.7 | % | ||||
CHF | 505,553 | 9.9 | ||||||
DKK | 440,221 | 8.6 | ||||||
EUR | 1,398,584 | 27.5 | ||||||
GBP | 672,000 | 13.2 | ||||||
JPY | 577,285 | 11.3 | ||||||
KRW | 111,119 | 2.2 | ||||||
MXN | 47,052 | 0.9 | ||||||
RUB | — | 0.0 | ||||||
USD | 1,207,822 | 23.7 | ||||||
Total investments | $ | 5,096,860 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan International Explorer Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares | Value | |||||||
COMMON STOCKS - 87.0% | ||||||||
ARGENTINA - 7.8% | ||||||||
Despegar.com Corp.* | 869 | $ | 11,492 | |||||
AUSTRALIA - 3.2% | ||||||||
Steadfast Group Ltd.(1) | 1,127 | 4,645 | ||||||
CANADA - 1.9% | ||||||||
Knight Therapeutics, Inc.* | 287 | 1,188 | ||||||
Real Matters, Inc.* | 335 | 1,539 | ||||||
2,727 | ||||||||
CHINA - 0.1% | ||||||||
China Isotope & Radiation Corp.(1) | 130 | 168 | ||||||
DENMARK - 1.9% | ||||||||
ALK-Abello A/S, Class B*(1) | 128 | 2,802 | ||||||
FRANCE - 4.0% | ||||||||
Alten SA(1) | 54 | 5,899 | ||||||
GERMANY - 4.3% | ||||||||
AlzChem Group AG(1) | 90 | 4,642 | ||||||
Hensoldt AG(1) | 47 | 1,739 | ||||||
6,381 | ||||||||
INDIA - 2.3% | ||||||||
Care Ratings Ltd.(1) | 259 | 3,302 | ||||||
INDONESIA - 1.7% | ||||||||
Mitra Adiperkasa Tbk. PT(1) | 27,621 | 2,482 | ||||||
IRELAND - 7.9% | ||||||||
Glenveagh Properties plc*(1)(2) | 8,581 | 11,545 | ||||||
ITALY - 1.5% | ||||||||
Sesa SpA(1) | 18 | 2,169 | ||||||
JAPAN - 11.1% | ||||||||
Kansai Paint Co. Ltd.(1) | 243 | 3,911 | ||||||
Sato Holdings Corp.(1) | 365 | 4,905 | ||||||
Zuken, Inc.(1) | 285 | 7,516 | ||||||
16,332 | ||||||||
NETHERLANDS - 1.7% | ||||||||
Pluxee NV*(1) | 87 | 2,435 | ||||||
NORWAY - 1.3% | ||||||||
Spir Group ASA*(1) | 2,409 | 1,850 | ||||||
SOUTH AFRICA - 1.0% | ||||||||
Famous Brands Ltd.(1) | 526 | 1,504 | ||||||
SOUTH KOREA - 1.9% | ||||||||
Vitzrocell Co. Ltd.(1) | 180 | 2,800 | ||||||
SWITZERLAND - 0.9% | ||||||||
Medmix AG(1)(2) | 92 | 1,386 | ||||||
UNITED KINGDOM - 26.6% | ||||||||
Allfunds Group plc(1) | 261 | 1,461 | ||||||
Essentra plc(1) | 1,356 | 2,724 | ||||||
FD Technologies plc*(1) | 72 | 1,305 | ||||||
FDM Group Holdings plc(1) | 667 | 3,455 | ||||||
IDOX plc(1) | 4,383 | 3,357 | ||||||
IQE plc*(1) | 9,463 | 3,731 | ||||||
Kingfisher plc(1) | 970 | 3,053 | ||||||
LSL Property Services plc(1) | 349 | 1,468 | ||||||
Luxfer Holdings plc | 285 | 3,302 | ||||||
M&C Saatchi plc(1)(3) | 6,144 | 15,151 | ||||||
39,007 | ||||||||
UNITED STATES - 4.7% | ||||||||
Impro Precision Industries Ltd.(1)(2) | 12,938 | 3,443 | ||||||
Signify NV(1)(2) | 137 | 3,424 | ||||||
6,867 | ||||||||
VIRGIN ISLANDS, BRITISH - 1.2% | ||||||||
AdvancedAdvT Ltd.*(1) | 945 | 1,703 | ||||||
Total common stocks | ||||||||
(Cost $114,056) | 127,496 | |||||||
SHORT-TERM INVESTMENT - 11.9% | ||||||||
INVESTMENT COMPANY - 11.9% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $17,453) | 17,453 | 17,453 | ||||||
Total investments - 98.9% (Cost $131,509) | 144,949 | |||||||
Other assets less liabilities - 1.1% | 1,715 | |||||||
Total net assets - 100.0%# | $ | 146,664 |
Artisan International Explorer Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $109,975, or 75.0% of total net assets. See notes (B) and (C) in the accompanying notes. |
(2) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $19,798 or 13.5% of net assets. |
(3) | Affiliated company as defined under the Investment Company Act of 1940. |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 15,151 | 10.5 | % | ||||
Consumer Discretionary | 30,076 | 20.7 | ||||||
Financials | 11,111 | 7.7 | ||||||
Health Care | 5,544 | 3.8 | ||||||
Industrials | 22,048 | 15.2 | ||||||
Information Technology | 29,282 | 20.2 | ||||||
Materials | 11,277 | 7.8 | ||||||
Real Estate | 3,007 | 2.1 | ||||||
Short-Term Investment | 17,453 | 12.0 | ||||||
Total investments | $ | 144,949 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
AUD | $ | 4,645 | 3.2 | % | ||||
CAD | 2,727 | 1.9 | ||||||
CHF | 1,386 | 1.0 | ||||||
DKK | 2,802 | 1.9 | ||||||
EUR | 33,314 | 23.0 | ||||||
GBP | 35,947 | 24.8 | ||||||
HKD | 3,611 | 2.5 | ||||||
IDR | 2,482 | 1.7 | ||||||
INR | 3,302 | 2.3 | ||||||
JPY | 16,332 | 11.3 | ||||||
KRW | 2,800 | 1.9 | ||||||
NOK | 1,850 | 1.3 | ||||||
USD | 32,247 | 22.2 | ||||||
ZAR | 1,504 | 1.0 | ||||||
Total investments | $ | 144,949 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan International Small-Mid Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares | Value | |||||||
COMMON STOCKS - 98.6% | ||||||||
BELGIUM - 0.7% | ||||||||
Azelis Group NV(1) | 1,668 | $ | 29,748 | |||||
BRAZIL - 1.5% | ||||||||
Hapvida Participacoes e Investimentos SA*(2) | 18,923 | 12,897 | ||||||
Rumo SA | 6,131 | 22,647 | ||||||
Vibra Energia SA | 7,722 | 28,900 | ||||||
64,444 | ||||||||
CANADA - 5.2% | ||||||||
Altus Group Ltd. | 684 | 25,263 | ||||||
CAE, Inc.* | 3,317 | 61,609 | ||||||
Descartes Systems Group, Inc. (The)* | 278 | 26,913 | ||||||
Kinaxis, Inc.* | 430 | 49,536 | ||||||
Lightspeed Commerce, Inc.* | 3,041 | 41,561 | ||||||
Whitecap Resources, Inc. | 3,052 | 22,333 | ||||||
227,215 | ||||||||
CHINA - 0.4% | ||||||||
BeiGene Ltd., ADR* | 129 | 18,366 | ||||||
DENMARK - 6.4% | ||||||||
ALK-Abello A/S, Class B*(1) | 1,522 | 33,256 | ||||||
Ambu A/S, Class B*(1) | 5,168 | 99,268 | ||||||
DSV A/S(1) | 179 | 27,385 | ||||||
FLSmidth & Co. A/S(1) | 1,210 | 59,992 | ||||||
Genmab A/S*(1) | 103 | 25,727 | ||||||
Vestas Wind Systems A/S*(1) | 831 | 19,175 | ||||||
Zealand Pharma A/S, Class A*(1) | 115 | 14,670 | ||||||
279,473 | ||||||||
FINLAND - 2.3% | ||||||||
Cargotec OYJ, Class B(1) | 195 | 15,648 | ||||||
Huhtamaki OYJ(1) | 470 | 18,830 | ||||||
Metso Oyj(1) | 6,036 | 64,031 | ||||||
98,509 | ||||||||
FRANCE - 1.2% | ||||||||
Gaztransport Et Technigaz SA(1) | 107 | 13,995 | ||||||
Lectra(1) | 1,313 | 38,745 | ||||||
52,740 | ||||||||
GERMANY - 3.9% | ||||||||
AIXTRON SE(1) | 2,207 | 43,298 | ||||||
Brenntag SE(1) | 360 | 24,289 | ||||||
Fresenius Medical Care AG(1) | 365 | 13,964 | ||||||
Hannover Rueck SE(1) | 125 | 31,792 | ||||||
Hensoldt AG(1) | 841 | 30,915 | ||||||
Immatics NV* | 435 | 5,053 | ||||||
Symrise AG, Class A(1) | 155 | 19,001 | ||||||
168,312 | ||||||||
ICELAND - 0.4% | ||||||||
Embla Medical HF*(1) | 4,141 | 17,546 | ||||||
INDIA - 2.3% | ||||||||
PB Fintech Ltd.*(1) | 1,783 | 29,790 | ||||||
WNS Holdings Ltd.* | 1,331 | 69,899 | ||||||
99,689 | ||||||||
IRELAND - 0.7% | ||||||||
AerCap Holdings NV | 344 | 32,080 | ||||||
ISRAEL - 5.6% | ||||||||
Kornit Digital Ltd.* | 2,258 | 33,052 | ||||||
Nice Ltd., ADR* | 849 | 146,059 | ||||||
Radware Ltd.* | 1,398 | 25,491 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.(1) | 176 | 9,244 | ||||||
Tel Aviv Stock Exchange Ltd.(1) | 4,334 | 31,005 | ||||||
244,851 | ||||||||
ITALY - 1.5% | ||||||||
Davide Campari-Milano NV(1) | 2,703 | 25,482 | ||||||
Ermenegildo Zegna NV | 2,278 | 26,968 | ||||||
Moncler SpA(1) | 186 | 11,396 | ||||||
63,846 | ||||||||
JAPAN - 16.4% | ||||||||
Azbil Corp.(1) | 2,237 | 62,445 | ||||||
CKD Corp.(1) | 2,479 | 49,426 | ||||||
Daikokutenbussan Co. Ltd.(1) | 719 | 38,190 | ||||||
DMG Mori Co. Ltd.(1) | 1,472 | 38,422 | ||||||
en Japan, Inc.(1) | 537 | 8,747 | ||||||
GMO Financial Gate, Inc.(1) | 252 | 10,475 | ||||||
GMO Payment Gateway, Inc.(1) | 974 | 53,993 | ||||||
Harmonic Drive Systems, Inc.(1) | 1,019 | 28,609 | ||||||
Japan Elevator Service Holdings Co. Ltd.(1) | 1,459 | 23,527 | ||||||
Jeol Ltd.(1) | 407 | 18,593 | ||||||
Mani, Inc.(1) | 924 | 11,378 | ||||||
MatsukiyoCocokara & Co.(1) | 1,001 | 14,415 | ||||||
MISUMI Group, Inc.(1) | 789 | 13,493 | ||||||
Money Forward, Inc.*(1) | 737 | 24,875 | ||||||
Morinaga Milk Industry Co. Ltd.(1) | 1,854 | 38,813 | ||||||
Nippon Gas Co. Ltd.(1) | 587 | 8,798 | ||||||
NOF Corp.(1) | 1,793 | 24,548 | ||||||
Rohm Co. Ltd.(1) | 1,803 | 24,163 | ||||||
Rohto Pharmaceutical Co. Ltd.(1) | 2,734 | 57,165 | ||||||
SCSK Corp.(1) | 2,318 | 46,191 | ||||||
SG Holdings Co. Ltd.(1) | 2,883 | 26,528 | ||||||
Shiseido Co. Ltd.(1) | 1,390 | 39,550 | ||||||
Simplex Holdings, Inc.(1) | 429 | 7,595 | ||||||
Suntory Beverage & Food Ltd.(1) | 940 | 33,368 | ||||||
Toyo Suisan Kaisha Ltd.(1) | 260 | 15,416 | ||||||
718,723 | ||||||||
MEXICO - 0.6% | ||||||||
Qualitas Controladora SAB de CV | 2,741 | 27,867 | ||||||
NETHERLANDS - 0.7% | ||||||||
IMCD NV(1) | 231 | 31,994 | ||||||
SOUTH KOREA - 0.1% | ||||||||
Hanmi Pharm Co. Ltd.(1) | 18 | 3,437 |
Artisan International Small-Mid Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
SPAIN - 0.5% | ||||||||
Fluidra SA(1) | 948 | $ | 19,696 | |||||
SWEDEN - 4.0% | ||||||||
AAK AB(1) | 1,095 | 32,020 | ||||||
Beijer Ref AB, Class B(1) | 1,283 | 19,861 | ||||||
Fortnox AB(1) | 5,832 | 35,360 | ||||||
Swedish Orphan Biovitrum AB*(1) | 3,296 | 88,014 | ||||||
175,255 | ||||||||
SWITZERLAND - 4.3% | ||||||||
Alcon, Inc.(1) | 1,069 | 95,151 | ||||||
Baloise Holding AG(1) | 157 | 27,701 | ||||||
Belimo Holding AG(1) | 33 | 16,555 | ||||||
Burckhardt Compression Holding AG(1) | 36 | 23,535 | ||||||
Inficon Holding AG(1) | 8 | 11,980 | ||||||
On Holding AG, Class A* | 378 | 14,674 | ||||||
189,596 | ||||||||
THAILAND - 1.7% | ||||||||
Fabrinet* | 305 | 74,635 | ||||||
UNITED KINGDOM - 20.7% | ||||||||
Alphawave IP Group plc*(1) | 16,968 | 30,750 | ||||||
Balfour Beatty plc(1) | 8,443 | 39,011 | ||||||
Berkeley Group Holdings plc(1) | 295 | 17,007 | ||||||
Britvic plc(1) | 4,072 | 60,826 | ||||||
Chemring Group plc(1) | 6,787 | 31,984 | ||||||
ConvaTec Group plc(1)(2) | 42,702 | 126,790 | ||||||
Direct Line Insurance Group plc(1) | 18,431 | 46,762 | ||||||
Howden Joinery Group plc(1) | 4,969 | 54,903 | ||||||
Intertek Group plc(1) | 248 | 15,016 | ||||||
ITM Power plc*(1) | 4,194 | 2,447 | ||||||
JD Sports Fashion plc(1) | 19,869 | 29,738 | ||||||
JET2 plc(1) | 5,421 | 89,776 | ||||||
LondonMetric Property plc, REIT(1) | 4,790 | 11,720 | ||||||
MONY Group plc(1) | 3,106 | 8,734 | ||||||
Pearson plc(1) | 1,265 | 15,787 | ||||||
Rotork plc(1) | 16,985 | 72,264 | ||||||
Smiths Group plc(1) | 2,827 | 60,974 | ||||||
Spectris plc(1) | 543 | 19,105 | ||||||
Spirax Group plc(1) | 241 | 25,900 | ||||||
St. James’s Place plc(1) | 4,985 | 34,509 | ||||||
Subsea 7 SA(1) | 2,126 | 39,877 | ||||||
Taylor Wimpey plc(1) | 7,935 | 14,180 | ||||||
Trainline plc*(1)(2) | 9,818 | 38,728 | ||||||
Weir Group plc (The)(1) | 107 | 2,677 | ||||||
WH Smith plc(1) | 1,007 | 14,399 | ||||||
903,864 | ||||||||
UNITED STATES - 17.5% | ||||||||
Agilysys, Inc.* | 675 | 70,296 | ||||||
Agios Pharmaceuticals, Inc.* | 199 | 8,571 | ||||||
Alkermes plc* | 1,256 | 30,280 | ||||||
Alphatec Holdings, Inc.* | 792 | 8,279 | ||||||
Avidity Biosciences, Inc.* | 1,185 | 48,423 | ||||||
Calix, Inc.* | 739 | 26,167 | ||||||
Celcuity, Inc.* | 270 | 4,421 | ||||||
CyberArk Software Ltd.* | 283 | 77,246 | ||||||
Denali Therapeutics, Inc.* | 486 | 11,295 | ||||||
Disc Medicine, Inc.* | 69 | 3,102 | ||||||
Five9, Inc.* | 335 | 14,780 | ||||||
Glaukos Corp.* | 638 | 75,529 | ||||||
Ingersoll Rand, Inc. | 396 | 35,927 | ||||||
Inspire Medical Systems, Inc.* | 150 | 20,031 | ||||||
Insulet Corp.* | 176 | 35,608 | ||||||
Ionis Pharmaceuticals, Inc.* | 169 | 8,059 | ||||||
Legend Biotech Corp., ADR* | 295 | 13,056 | ||||||
Madrigal Pharmaceuticals, Inc.* | 214 | 60,026 | ||||||
Myriad Genetics, Inc.* | 1,577 | 38,577 | ||||||
Penumbra, Inc.* | 114 | 20,556 | ||||||
Rhythm Pharmaceuticals, Inc.* | 171 | 7,031 | ||||||
RxSight, Inc.* | 828 | 49,836 | ||||||
STAAR Surgical Co.* | 294 | 13,981 | ||||||
Tarsus Pharmaceuticals, Inc.* | 393 | 10,677 | ||||||
UiPath, Inc., Class A* | 2,534 | 32,136 | ||||||
ViewRay, Inc.* | 9,051 | — | ^ | |||||
Wolfspeed, Inc.* | 1,869 | 42,532 | ||||||
766,422 | ||||||||
Total common stocks | ||||||||
(Cost $3,775,643) | 4,308,308 | |||||||
SHORT-TERM INVESTMENT - 0.1% | ||||||||
INVESTMENT COMPANY - 0.1% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $6,179) | 6,179 | 6,179 | ||||||
Total investments - 98.7% (Cost $3,781,822) | 4,314,487 | |||||||
Other assets less liabilities - 1.3% | 57,669 | |||||||
Total net assets - 100.0%# | $ | 4,372,156 |
Artisan International Small-Mid Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $2,776,083, or 63.5% of total net assets. See notes (B) and (C) in the accompanying notes. |
(2) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $178,415 or 4.1% of net assets. |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 8,734 | 0.2 | % | ||||
Consumer Discretionary | 211,777 | 4.9 | ||||||
Consumer Staples | 364,489 | 8.5 | ||||||
Energy | 76,205 | 1.8 | ||||||
Financials | 293,894 | 6.8 | ||||||
Health Care | 1,051,448 | 24.4 | ||||||
Industrials | 1,221,742 | 28.3 | ||||||
Information Technology | 971,859 | 22.5 | ||||||
Materials | 62,379 | 1.4 | ||||||
Real Estate | 36,983 | 0.9 | ||||||
Utilities | 8,798 | 0.2 | ||||||
Short-Term Investment | 6,179 | 0.1 | ||||||
Total investments | $ | 4,314,487 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
BRL | $ | 64,444 | 1.5 | % | ||||
CAD | 227,215 | 5.3 | ||||||
CHF | 174,922 | 4.0 | ||||||
DKK | 297,019 | 6.9 | ||||||
EUR | 432,824 | 10.0 | ||||||
GBP | 863,987 | 20.0 | ||||||
ILS | 40,249 | 0.9 | ||||||
INR | 29,790 | 0.7 | ||||||
JPY | 718,723 | 16.7 | ||||||
KRW | 3,437 | 0.1 | ||||||
MXN | 27,867 | 0.6 | ||||||
NOK | 39,877 | 0.9 | ||||||
SEK | 175,255 | 4.1 | ||||||
USD | 1,218,878 | 28.3 | ||||||
Total investments | $ | 4,314,487 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan International Value Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS AND EQUITY-LINKED SECURITY - 87.6% | ||||||||
BELGIUM - 1.5% | ||||||||
Groupe Bruxelles Lambert NV(1) | 4,803 | $ | 341,735 | |||||
Liberty Global Ltd., Class A* | 6,530 | 113,822 | ||||||
Liberty Global Ltd., Class C* | 3,269 | 58,356 | ||||||
513,913 | ||||||||
BERMUDA - 0.4% | ||||||||
Voussoir RE Ltd. (Preferred Shares)*(1)(2)(3) | 1 | 136,040 | ||||||
BRAZIL - 0.4% | ||||||||
Telefonica Brasil SA, ADR | 16,476 | 135,272 | ||||||
CANADA - 3.9% | ||||||||
Alimentation Couche-Tard, Inc. | 10,602 | 594,956 | ||||||
Suncor Energy, Inc. | 18,746 | 714,609 | ||||||
1,309,565 | ||||||||
CHINA - 2.7% | ||||||||
Alibaba Group Holding Ltd.(1) | 78,644 | 707,015 | ||||||
Anhui Conch Cement Co. Ltd., Class H(1) | 45,515 | 108,371 | ||||||
Hengan International Group Co. Ltd.(1) | 33,576 | 102,281 | ||||||
917,667 | ||||||||
FINLAND - 1.5% | ||||||||
Nokia OYJ(1) | 50,687 | 192,843 | ||||||
Nokia OYJ, ADR | 81,828 | 309,309 | ||||||
502,152 | ||||||||
FRANCE - 10.7% | ||||||||
Capgemini SE(1) | 1,940 | 384,192 | ||||||
Danone SA(1) | 22,164 | 1,352,683 | ||||||
Pluxee NV(1) | 11,491 | 322,379 | ||||||
Safran SA(1) | 4,431 | 932,260 | ||||||
Sodexo SA(1) | 5,909 | 532,421 | ||||||
Sodexo SA (Registered Shares)(1)(3) | 737 | 66,436 | ||||||
3,590,371 | ||||||||
GERMANY - 1.8% | ||||||||
Brenntag SE(1) | 5,555 | 374,324 | ||||||
Fresenius Medical Care AG(1) | 6,116 | 233,886 | ||||||
608,210 | ||||||||
INDIA - 3.1% | ||||||||
HCL Technologies Ltd.(1) | 60,089 | 1,048,370 | ||||||
IRELAND - 1.9% | ||||||||
Ryanair Holdings plc(1) | 1,846 | 32,217 | ||||||
Ryanair Holdings plc, Equity-Linked Security*(1)(4)(5) | 34,277 | 598,344 | ||||||
630,561 | ||||||||
JAPAN - 1.8% | ||||||||
Nintendo Co. Ltd.(1) | 4,450 | 237,773 | ||||||
Seven & i Holdings Co. Ltd.(1) | 28,979 | 352,945 | ||||||
590,718 | ||||||||
MEXICO - 0.7% | ||||||||
Gruma SAB de CV, Class B | 13,385 | 245,165 | ||||||
NETHERLANDS - 3.9% | ||||||||
Koninklijke Philips NV*(1) | 44,114 | 1,109,306 | ||||||
Universal Music Group NV(1) | 6,967 | 206,520 | ||||||
1,315,826 | ||||||||
SOUTH KOREA - 6.9% | ||||||||
NAVER Corp.(1) | 2,211 | 267,850 | ||||||
Samsung Electronics Co. Ltd.(1) | 25,121 | 1,476,270 | ||||||
Samsung Electronics Co. Ltd. (Preference)(1) | 12,354 | 567,316 | ||||||
2,311,436 | ||||||||
SWITZERLAND - 17.2% | ||||||||
ABB Ltd.(1) | 27,127 | 1,501,707 | ||||||
Barry Callebaut AG(1) | 256 | 416,488 | ||||||
Cie Financiere Richemont SA(1) | 4,505 | 703,035 | ||||||
DSM-Firmenich AG(1) | 2,446 | 275,421 | ||||||
Novartis AG(1) | 13,649 | 1,462,271 | ||||||
Sandoz Group AG(1) | 3,980 | 143,988 | ||||||
UBS Group AG(1) | 43,028 | 1,259,492 | ||||||
5,762,402 | ||||||||
UNITED KINGDOM - 15.2% | ||||||||
Associated British Foods plc(1) | 18,999 | 591,222 | ||||||
Berkeley Group Holdings plc(1)(6) | 5,947 | 343,292 | ||||||
Compass Group plc(1) | 26,939 | 733,451 | ||||||
Lloyds Banking Group plc(1) | 983,950 | 681,692 | ||||||
Pearson plc(1) | 27,212 | 339,599 | ||||||
RELX plc(1) | 21,454 | 983,494 | ||||||
Unilever plc(1) | 25,729 | 1,416,595 | ||||||
5,089,345 | ||||||||
UNITED STATES - 14.0% | ||||||||
Arch Capital Group Ltd.* | 16,982 | 1,713,330 | ||||||
CNH Industrial NV | 24,620 | 249,402 | ||||||
Garmin Ltd. | 5,564 | 906,477 | ||||||
Holcim AG(1) | 8,746 | 775,730 | ||||||
Sensata Technologies Holding plc(6) | 9,305 | 347,898 | ||||||
Willis Towers Watson plc | 2,698 | 707,312 | ||||||
4,700,149 | ||||||||
Total common stocks and equity-linked security | ||||||||
(Cost $21,138,117) | 29,407,162 | |||||||
SHORT-TERM INVESTMENT - 11.2% | ||||||||
INVESTMENT COMPANY - 11.2% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $3,773,338) | 3,773,338 | 3,773,338 | ||||||
MISCELLANEOUS SECURITIES - 0.4%(1)(7) | ||||||||
Total Miscellaneous Securities | ||||||||
(Cost $153,666) | 140,638 | |||||||
Total investments - 99.2% | ||||||||
(Cost $25,065,121) | 33,321,138 | |||||||
Other assets less liabilities - 0.8% | 256,746 | |||||||
Total net assets - 100.0%# | $ | 33,577,884 |
Artisan International Value Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $23,451,892, or 69.8% of total net assets. See notes (B) and (C) in the accompanying notes. |
(2) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(3) | Security is restricted. |
Security | Acquisition Date | Cost | Value | Percentage of Total Net Assets | ||||||||||
Sodexo SA (Registered Shares) | 9/4/2020 | $ | 46,862 | $ | 66,436 | 0.2 | % | |||||||
Voussoir RE Ltd. (Preferred Shares) | 1/13/2023 | 100,000 | 136,040 | 0.4 | % |
(4) | Security is restricted. Security was acquired in a transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or during the period noted below. |
Security | Acquisition Date | Cost | Value | Percentage of Total Net Assets | ||||||||||
Ryanair Holdings plc | 11/14/2013 - 6/27/2024 | $ | 552,259 | $ | 598,344 | 1.8 | % |
(5) | Security is an equity-linked security issued by HSBC Bank plc. Equity-linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them. |
(6) | Affiliated company as defined under the Investment Company Act of 1940. |
(7) | Represents unrestricted previously undisclosed common stocks which the Fund has held for less than one year. |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 1,019,593 | 3.1 | % | ||||
Consumer Discretionary | 4,331,726 | 13.0 | ||||||
Consumer Staples | 5,072,335 | 15.2 | ||||||
Energy | 714,609 | 2.1 | ||||||
Financials | 4,839,601 | 14.5 | ||||||
Health Care | 2,949,451 | 8.9 | ||||||
Industrials | 5,019,646 | 15.1 | ||||||
Information Technology | 3,978,300 | 11.9 | ||||||
Materials | 1,159,522 | 3.5 | ||||||
Miscellaneous Securities | 463,017 | 1.4 | ||||||
Short-Term Investment | 3,773,338 | 11.3 | ||||||
Total investments | $ | 33,321,138 | 100.0 | % |
Artisan International Value Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
TRADING CURRENCIES
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
CAD | $ | 1,309,565 | 3.9 | % | ||||
CHF | 6,262,711 | 18.8 | ||||||
EUR | 6,356,623 | 19.1 | ||||||
GBP | 5,089,345 | 15.3 | ||||||
HKD | 917,667 | 2.7 | ||||||
INR | 1,048,370 | 3.1 | ||||||
JPY | 590,718 | 1.8 | ||||||
KRW | 2,452,074 | 7.4 | ||||||
MXN | 245,165 | 0.7 | ||||||
USD | 9,048,900 | 27.2 | ||||||
Total investments | $ | 33,321,138 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-Port Part F.
Artisan Mid Cap Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 98.6% | ||||||||
BANKS - 0.9% | ||||||||
NU Holdings Ltd., Class A*(1) | 3,206 | $ | 41,323 | |||||
BEVERAGES - 1.4% | ||||||||
Celsius Holdings, Inc.* | 1,085 | 61,915 | ||||||
BIOTECHNOLOGY - 10.5% | ||||||||
Argenx SE, ADR*(1) | 379 | 162,917 | ||||||
Ascendis Pharma A/S, ADR*(1) | 1,066 | 145,420 | ||||||
Exact Sciences Corp.* | 1,029 | 43,471 | ||||||
Insmed, Inc.* | 695 | 46,557 | ||||||
Ionis Pharmaceuticals, Inc.* | 300 | 14,296 | ||||||
Twist Bioscience Corp.* | 1,148 | 56,566 | ||||||
469,227 | ||||||||
BUILDING PRODUCTS - 1.3% | ||||||||
Trex Co., Inc.* | 763 | 56,581 | ||||||
CAPITAL MARKETS - 2.0% | ||||||||
Tradeweb Markets, Inc., Class A | 835 | 88,495 | ||||||
COMMUNICATIONS EQUIPMENT - 1.7% | ||||||||
Arista Networks, Inc.* | 222 | 77,784 | ||||||
CONSTRUCTION & ENGINEERING - 1.9% | ||||||||
Quanta Services, Inc. | 339 | 86,029 | ||||||
ELECTRICAL EQUIPMENT - 2.2% | ||||||||
Hubbell, Inc., Class B | 180 | 65,783 | ||||||
Vertiv Holdings Co., Class A | 388 | 33,583 | ||||||
99,366 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS - 1.4% | ||||||||
Jabil, Inc. | 553 | 60,161 | ||||||
ENTERTAINMENT - 6.8% | ||||||||
Liberty Media Corp-Liberty Formula One, Class C* | 940 | 67,556 | ||||||
Live Nation Entertainment, Inc.* | 756 | 70,874 | ||||||
Spotify Technology SA* | 442 | 138,584 | ||||||
Take-Two Interactive Software, Inc.* | 157 | 24,489 | ||||||
301,503 | ||||||||
GROUND TRANSPORTATION - 2.2% | ||||||||
Saia, Inc.* | 207 | 98,121 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES - 5.5% | ||||||||
Dexcom, Inc.* | 1,093 | 123,914 | ||||||
Edwards Lifesciences Corp.* | 558 | 51,497 | ||||||
iRhythm Technologies, Inc.* | 651 | 70,094 | ||||||
245,505 | ||||||||
HEALTH CARE TECHNOLOGY - 1.7% | ||||||||
Veeva Systems, Inc., Class A* | 425 | 77,821 | ||||||
HOTELS, RESTAURANTS & LEISURE - 6.2% | ||||||||
Chipotle Mexican Grill, Inc., Class A* | 1,869 | 117,121 | ||||||
Domino’s Pizza, Inc. | 147 | 75,801 | ||||||
DoorDash, Inc., Class A* | 458 | 49,840 | ||||||
Wingstop, Inc. | 85 | 35,751 | ||||||
278,513 | ||||||||
HOUSEHOLD DURABLES - 1.4% | ||||||||
NVR, Inc.* | 8 | 63,349 | ||||||
INSURANCE - 1.4% | ||||||||
Arthur J Gallagher & Co. | 247 | 63,939 | ||||||
IT SERVICES - 3.0% | ||||||||
GoDaddy, Inc., Class A* | 327 | 45,629 | ||||||
MongoDB, Inc., Class A* | 98 | 24,515 | ||||||
Shopify, Inc., Class A*(1) | 960 | 63,393 | ||||||
133,537 | ||||||||
LIFE SCIENCES TOOLS & SERVICES - 5.6% | ||||||||
Gerresheimer AG(1)(2) | 653 | 70,081 | ||||||
Illumina, Inc.* | 222 | 23,208 | ||||||
West Pharmaceutical Services, Inc. | 479 | 157,651 | ||||||
250,940 | ||||||||
MACHINERY - 6.8% | ||||||||
Fortive Corp. | 1,125 | 83,376 | ||||||
Ingersoll Rand, Inc. | 1,096 | 99,554 | ||||||
Westinghouse Air Brake Technologies Corp. | 276 | 43,686 | ||||||
Xylem, Inc. | 559 | 75,792 | ||||||
302,408 | ||||||||
PROFESSIONAL SERVICES - 2.4% | ||||||||
Equifax, Inc. | 231 | 56,114 | ||||||
Verisk Analytics, Inc., Class A | 183 | 49,441 | ||||||
105,555 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT - 1.3% | ||||||||
CoStar Group, Inc.* | 790 | 58,534 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 9.4% | ||||||||
Lattice Semiconductor Corp.* | 2,104 | 121,999 | ||||||
MACOM Technology Solutions Holdings, Inc.* | 499 | 55,670 | ||||||
Marvell Technology, Inc. | 677 | 47,305 | ||||||
Monolithic Power Systems, Inc. | 116 | 95,381 | ||||||
ON Semiconductor Corp.* | 992 | 68,014 | ||||||
Onto Innovation, Inc.* | 147 | 32,360 | ||||||
420,729 |
Artisan Mid Cap Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares Held | Value | |||||||
SOFTWARE - 18.8% | ||||||||
Atlassian Corp., Class A* | 554 | $ | 97,956 | |||||
Bentley Systems, Inc., Class B | 1,219 | 60,165 | ||||||
CCC Intelligent Solutions Holdings, Inc.* | 4,894 | 54,374 | ||||||
Datadog, Inc., Class A* | 747 | 96,824 | ||||||
Gitlab, Inc., Class A* | 522 | 25,972 | ||||||
HubSpot, Inc.* | 196 | 115,874 | ||||||
Monday.com Ltd.* | 207 | 49,836 | ||||||
Samsara, Inc., Class A* | 851 | 28,675 | ||||||
Synopsys, Inc.* | 195 | 116,202 | ||||||
Tyler Technologies, Inc.* | 295 | 148,402 | ||||||
Zscaler, Inc.* | 240 | 46,159 | ||||||
840,439 | ||||||||
SPECIALTY RETAIL - 1.6% | ||||||||
AutoZone, Inc.* | 16 | 48,733 | ||||||
Dick’s Sporting Goods, Inc. | 102 | 21,896 | ||||||
70,629 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS - 0.6% | ||||||||
Deckers Outdoor Corp.* | 27 | 25,853 | ||||||
TRADING COMPANIES & DISTRIBUTORS - 0.6% | ||||||||
Ferguson plc | 143 | 27,761 | ||||||
Total common stocks | ||||||||
(Cost $2,865,622) | 4,406,017 | |||||||
SHORT-TERM INVESTMENT - 1.0% | ||||||||
INVESTMENT COMPANY - 1.0% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $42,744) | 42,744 | 42,744 | ||||||
Total investments - 99.6% | ||||||||
(Cost $2,908,366) | 4,448,761 | |||||||
Other assets less liabilities - 0.4% | 20,007 | |||||||
Total net assets - 100.0%# | $ | 4,468,768 |
Artisan Mid Cap Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency | |
Argenx SE | Netherlands | USD | |
Ascendis Pharma A/S | Denmark | USD | |
Gerresheimer AG | Germany | EUR | |
NU Holdings Ltd. | Brazil | USD | |
Shopify, Inc. | Canada | USD |
(2) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $70,081, or 1.6% of total net assets. See notes (B) and (C) in the accompanying notes. |
PORTFOLIO DIVERSIFICATION
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 301,502 | 6.8 | % | ||||
Consumer Discretionary | 438,344 | 9.8 | ||||||
Consumer Staples | 61,915 | 1.4 | ||||||
Financials | 193,757 | 4.4 | ||||||
Health Care | 1,043,493 | 23.5 | ||||||
Industrials | 775,821 | 17.4 | ||||||
Information Technology | 1,532,651 | 34.4 | ||||||
Real Estate | 58,534 | 1.3 | ||||||
Short-Term Investment | 42,744 | 1.0 | ||||||
Total investments | $ | 4,448,761 | 100.0 | % |
TRADING CURRENCIES
Dollar values in thousands
Value | Percentage of Total Investments | |||||||
EUR | $ | 70,080 | 1.6 | % | ||||
USD | 4,378,681 | 98.4 | ||||||
Total investments | $ | 4,448,761 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Mid Cap Value Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 98.4% | ||||||||
AEROSPACE & DEFENSE - 1.5% | ||||||||
CAE, Inc.*(1) | 869 | $ | 16,153 | |||||
AIR FREIGHT & LOGISTICS - 2.1% | ||||||||
Expeditors International of Washington, Inc. | 185 | 23,118 | ||||||
AUTOMOBILE COMPONENTS - 2.8% | ||||||||
BorgWarner, Inc. | 352 | 11,339 | ||||||
Gentex Corp. | 598 | 20,166 | ||||||
31,505 | ||||||||
BANKS - 10.3% | ||||||||
Fifth Third Bancorp | 690 | 25,168 | ||||||
First Citizens BancShares, Inc., Class A | 30 | 49,858 | ||||||
M&T Bank Corp. | 160 | 24,193 | ||||||
WaFd, Inc. | 551 | 15,753 | ||||||
114,972 | ||||||||
CAPITAL MARKETS - 2.3% | ||||||||
Moelis & Co., Class A | 446 | 25,358 | ||||||
CONSUMER STAPLES DISTRIBUTION & RETAIL - 4.5% | ||||||||
Dollar General Corp. | 75 | 9,905 | ||||||
Kroger Co. (The) | 457 | 22,799 | ||||||
Sysco Corp. | 245 | 17,504 | ||||||
50,208 | ||||||||
DISTRIBUTORS - 2.1% | ||||||||
LKQ Corp. | 567 | 23,579 | ||||||
ELECTRIC UTILITIES - 4.2% | ||||||||
Alliant Energy Corp. | 422 | 21,469 | ||||||
OGE Energy Corp. | 705 | 25,166 | ||||||
46,635 | ||||||||
ELECTRICAL EQUIPMENT - 2.6% | ||||||||
nVent Electric plc | 376 | 28,821 | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS - 3.1% | ||||||||
Vontier Corp. | 916 | 34,987 | ||||||
ENERGY EQUIPMENT & SERVICES - 2.5% | ||||||||
NOV, Inc. | 1,470 | 27,935 | ||||||
ENTERTAINMENT - 2.6% | ||||||||
Electronic Arts, Inc. | 150 | 20,912 | ||||||
Warner Bros Discovery, Inc.* | 1,128 | 8,395 | ||||||
29,307 | ||||||||
FINANCIAL SERVICES - 2.2% | ||||||||
Corebridge Financial, Inc. | 848 | 24,704 | ||||||
FOOD PRODUCTS - 2.1% | ||||||||
Tyson Foods, Inc., Class A | 413 | 23,596 | ||||||
GROUND TRANSPORTATION - 3.1% | ||||||||
U-Haul Holding Co., Series N | 560 | 33,629 | ||||||
U-Haul Holding Co.* | 12 | 714 | ||||||
34,343 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES - 3.5% | ||||||||
Baxter International, Inc. | 576 | 19,266 | ||||||
Dentsply Sirona, Inc. | 795 | 19,793 | ||||||
39,059 | ||||||||
HEALTH CARE PROVIDERS & SERVICES - 2.2% | ||||||||
Centene Corp.* | 361 | 23,952 | ||||||
HOTELS, RESTAURANTS & LEISURE - 6.6% | ||||||||
Expedia Group, Inc.* | 228 | 28,758 | ||||||
Marriott International, Inc., Class A | 89 | 21,618 | ||||||
Vail Resorts, Inc. | 126 | 22,629 | ||||||
73,005 | ||||||||
INSURANCE - 6.6% | ||||||||
Arch Capital Group Ltd.* | 307 | 31,003 | ||||||
Globe Life, Inc. | 287 | 23,641 | ||||||
Progressive Corp. (The) | 90 | 18,647 | ||||||
73,291 | ||||||||
INTERACTIVE MEDIA & SERVICES - 1.6% | ||||||||
IAC, Inc.* | 376 | 17,602 | ||||||
LIFE SCIENCES TOOLS & SERVICES - 3.8% | ||||||||
Bio-Rad Laboratories, Inc., Class A* | 70 | 18,989 | ||||||
Waters Corp.* | 82 | 23,886 | ||||||
42,875 | ||||||||
MACHINERY - 2.0% | ||||||||
Otis Worldwide Corp. | 230 | 22,145 | ||||||
MEDIA - 6.4% | ||||||||
Cable One, Inc. | 52 | 18,366 | ||||||
News Corp., Class A | 1,178 | 32,487 | ||||||
Omnicom Group, Inc. | 234 | 20,962 | ||||||
71,815 | ||||||||
PROFESSIONAL SERVICES - 1.4% | ||||||||
Genpact Ltd. | 500 | 16,083 | ||||||
RETAIL REITS - 2.0% | ||||||||
NNN REIT, Inc. | 527 | 22,439 |
Artisan Mid Cap Value Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares | Value | |||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.6% | ||||||||
Analog Devices, Inc. | 222 | $ | 50,748 | |||||
SOFTWARE - 1.9% | ||||||||
Check Point Software Technologies Ltd.*(1) | 128 | 21,049 | ||||||
SPECIALIZED REITS - 4.6% | ||||||||
Lamar Advertising Co., Class A | 284 | 33,970 | ||||||
Public Storage | 62 | 17,737 | ||||||
51,707 | ||||||||
SPECIALTY RETAIL - 1.7% | ||||||||
AutoNation, Inc.* | 119 | 18,913 | ||||||
GNC Holdings, Inc. (escrow shares)*(2)(3) | 220 | — | ||||||
18,913 | ||||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 1.5% | ||||||||
NetApp, Inc. | 126 | 16,265 | ||||||
Total common stocks (Cost $700,631) | 1,096,169 | |||||||
SHORT-TERM INVESTMENT - 0.8% | ||||||||
INVESTMENT COMPANY - 0.8% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $9,396) | 9,396 | 9,396 | ||||||
Total investments - 99.2% (Cost $710,027) | 1,105,565 | |||||||
Other assets less liabilities - 0.8% | 9,012 | |||||||
Total net assets - 100.0%# | $ | 1,114,577 |
(1) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency |
CAE, Inc. | Canada | USD |
Check Point Software Technologies Ltd. | Israel | USD |
(2) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $0, or 0.0% of total net assets. See notes (B) and (C) in the accompanying notes. |
(3) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
Artisan Mid Cap Value Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 118,723 | 10.8 | % | ||||
Consumer Discretionary | 147,002 | 13.3 | ||||||
Consumer Staples | 73,804 | 6.7 | ||||||
Energy | 27,935 | 2.5 | ||||||
Financials | 238,325 | 21.6 | ||||||
Health Care | 105,887 | 9.6 | ||||||
Industrials | 140,663 | 12.7 | ||||||
Information Technology | 123,049 | 11.1 | ||||||
Real Estate | 74,146 | 6.7 | ||||||
Utilities | 46,635 | 4.2 | ||||||
Short-Term Investment | 9,396 | 0.8 | ||||||
Total investments | $ | 1,105,565 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-Port Part F.
Artisan Select Equity Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 92.1% | ||||||||
AUTOMOBILES - 2.6% | ||||||||
Harley-Davidson, Inc. | 38 | $ | 1,270 | |||||
BANKS - 3.8% | ||||||||
Citigroup, Inc. | 29 | 1,852 | ||||||
BROADLINE RETAIL - 3.0% | ||||||||
Alibaba Group Holding Ltd., ADR(1) | 21 | 1,483 | ||||||
CAPITAL MARKETS - 9.3% | ||||||||
Bank of New York Mellon Corp. (The) | 37 | 2,203 | ||||||
Charles Schwab Corp. (The) | 32 | 2,353 | ||||||
4,556 | ||||||||
CHEMICALS - 4.4% | ||||||||
Axalta Coating Systems Ltd.* | 63 | 2,141 | ||||||
CONSTRUCTION MATERIALS - 5.3% | ||||||||
Heidelberg Materials AG(1)(2) | 25 | 2,580 | ||||||
CONSUMER FINANCE - 6.3% | ||||||||
American Express Co. | 13 | 3,055 | ||||||
FINANCIAL SERVICES - 5.6% | ||||||||
Berkshire Hathaway, Inc., Class B* | 7 | 2,728 | ||||||
FOOD PRODUCTS - 4.3% | ||||||||
Danone SA(1)(2) | 34 | 2,092 | ||||||
HEALTH CARE PROVIDERS & SERVICES - 10.2% | ||||||||
Elevance Health, Inc. | 5 | 2,776 | ||||||
Henry Schein, Inc.* | 35 | 2,220 | ||||||
4,996 | ||||||||
HOTELS, RESTAURANTS & LEISURE - 5.0% | ||||||||
Aramark | 72 | 2,459 | ||||||
INSURANCE - 10.5% | ||||||||
Aon plc, Class A | 3 | 762 | ||||||
Marsh & McLennan Cos., Inc. | 8 | 1,656 | ||||||
Progressive Corp. (The) | 13 | 2,708 | ||||||
5,126 | ||||||||
INTERACTIVE MEDIA & SERVICES - 11.1% | ||||||||
Alphabet, Inc., Class A | 16 | 2,888 | ||||||
Meta Platforms, Inc., Class A | 5 | 2,510 | ||||||
5,398 | ||||||||
PASSENGER AIRLINES - 1.8% | ||||||||
Southwest Airlines Co. | 30 | 866 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.5% | ||||||||
Lam Research Corp. | 2 | 1,714 | ||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 5.4% | ||||||||
Samsung Electronics Co. Ltd.(1)(2) | 45 | 2,625 | ||||||
Total common stocks (Cost $33,073) | 44,941 | |||||||
SHORT-TERM INVESTMENT - 7.2% | ||||||||
INVESTMENT COMPANY - 7.2% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $3,495) | 3,495 | 3,495 | ||||||
Total investments - 99.3% (Cost $36,568) | 48,436 | |||||||
Other assets less liabilities - 0.7% | 335 | |||||||
Total net assets - 100.0%# | $ | 48,771 |
Artisan Select Equity Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency |
Alibaba Group Holding Ltd. | China | USD |
Danone SA | France | EUR |
Heidelberg Materials AG | Germany | EUR |
Samsung Electronics Co. Ltd. | South Korea | KRW |
(2) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $7,297, or 15.0% of total net assets. See notes (B) and (C) in the accompanying notes. |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 5,398 | 11.1 | % | ||||
Consumer Discretionary | 5,212 | 10.8 | ||||||
Consumer Staples | 2,092 | 4.3 | ||||||
Financials | 17,317 | 35.8 | ||||||
Health Care | 4,996 | 10.3 | ||||||
Industrials | 866 | 1.8 | ||||||
Information Technology | 4,340 | 9.0 | ||||||
Materials | 4,720 | 9.7 | ||||||
Short-Term Investment | 3,495 | 7.2 | ||||||
Total investments | $ | 48,436 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage
of | |||||||
EUR | $ | 4,672 | 9.7 | % | ||||
KRW | 2,625 | 5.4 | ||||||
USD | 41,139 | 84.9 | ||||||
Total investments | $ | 48,436 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Small Cap Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 98.2% | ||||||||
AEROSPACE & DEFENSE - 0.5% | ||||||||
Loar Holdings, Inc.* | 155 | $ | 8,290 | |||||
AUTOMOBILE COMPONENTS - 0.8% | ||||||||
Modine Manufacturing Co.* | 122 | 12,178 | ||||||
BEVERAGES - 0.9% | ||||||||
Vita Coco Co., Inc. (The)* | 498 | 13,859 | ||||||
BIOTECHNOLOGY - 24.8% | ||||||||
Argenx SE, ADR*(1) | 154 | 66,408 | ||||||
Ascendis Pharma A/S, ADR*(1) | 504 | 68,774 | ||||||
Cabaletta Bio, Inc.* | 159 | 1,190 | ||||||
Denali Therapeutics, Inc.* | 172 | 3,991 | ||||||
Exact Sciences Corp.* | 418 | 17,675 | ||||||
Halozyme Therapeutics, Inc.* | 1,686 | 88,271 | ||||||
Insmed, Inc.* | 235 | 15,736 | ||||||
Ionis Pharmaceuticals, Inc.* | 269 | 12,797 | ||||||
Iovance Biotherapeutics, Inc.* | 2,424 | 19,438 | ||||||
Twist Bioscience Corp.* | 996 | 49,081 | ||||||
Veracyte, Inc.* | 1,461 | 31,663 | ||||||
375,024 | ||||||||
BUILDING PRODUCTS - 2.7% | ||||||||
Advanced Drainage Systems, Inc. | 61 | 9,794 | ||||||
Trex Co., Inc.* | 421 | 31,194 | ||||||
40,988 | ||||||||
CAPITAL MARKETS - 1.1% | ||||||||
MarketAxess Holdings, Inc. | 81 | 16,188 | ||||||
CONSTRUCTION & ENGINEERING - 1.1% | ||||||||
MYR Group, Inc.* | 123 | 16,716 | ||||||
DIVERSIFIED CONSUMER SERVICES - 1.1% | ||||||||
Duolingo, Inc., Class A* | 83 | 17,229 | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS - 4.9% | ||||||||
Flex Ltd.* | 858 | 25,303 | ||||||
IPG Photonics Corp.* | 67 | 5,649 | ||||||
Novanta, Inc.* | 262 | 42,769 | ||||||
73,721 | ||||||||
FINANCIAL SERVICES - 0.9% | ||||||||
Shift4 Payments, Inc., Class A* | 191 | 14,041 | ||||||
GROUND TRANSPORTATION - 2.2% | ||||||||
Saia, Inc.* | 71 | 33,473 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES - 5.5% | ||||||||
Inspire Medical Systems, Inc.* | 146 | 19,556 | ||||||
iRhythm Technologies, Inc.* | 250 | 26,869 | ||||||
Lantheus Holdings, Inc.* | 97 | 7,760 | ||||||
Penumbra, Inc.* | 80 | 14,425 | ||||||
PROCEPT BioRobotics Corp.* | 229 | 14,001 | ||||||
82,611 | ||||||||
HOTELS, RESTAURANTS & LEISURE - 2.2% | ||||||||
Dutch Bros, Inc., Class A* | 294 | 12,191 | ||||||
Wingstop, Inc. | 48 | 20,353 | ||||||
32,544 | ||||||||
HOUSEHOLD DURABLES - 2.8% | ||||||||
SharkNinja, Inc. | 474 | 35,640 | ||||||
Smith Douglas Homes Corp.* | 292 | 6,821 | ||||||
42,461 | ||||||||
LIFE SCIENCES TOOLS & SERVICES - 2.7% | ||||||||
Repligen Corp.* | 192 | 24,160 | ||||||
Stevanato Group SpA(1) | 928 | 17,015 | ||||||
41,175 | ||||||||
MACHINERY - 4.0% | ||||||||
John Bean Technologies Corp. | 62 | 5,860 | ||||||
SPX Technologies, Inc.* | 389 | 55,347 | ||||||
61,207 | ||||||||
PERSONAL CARE PRODUCTS - 1.4% | ||||||||
elf Beauty, Inc.* | 72 | 15,178 | ||||||
Inter Parfums, Inc. | 51 | 5,949 | ||||||
21,127 | ||||||||
PROFESSIONAL SERVICES - 1.7% | ||||||||
Dayforce, Inc.* | 523 | 25,950 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 12.5% | ||||||||
Allegro MicroSystems, Inc.*(1) | 762 | 21,517 | ||||||
Astera Labs, Inc.* | 219 | 13,237 | ||||||
Lattice Semiconductor Corp.* | 1,235 | 71,609 | ||||||
MACOM Technology Solutions Holdings, Inc.* | 400 | 44,612 | ||||||
Onto Innovation, Inc.* | 117 | 25,768 | ||||||
Rambus, Inc.* | 224 | 13,138 | ||||||
189,881 | ||||||||
SOFTWARE - 21.3% | ||||||||
Appfolio, Inc., Class A* | 52 | 12,728 | ||||||
CCC Intelligent Solutions Holdings, Inc.* | 3,295 | 36,611 | ||||||
Clearwater Analytics Holdings, Inc., Class A* | 1,319 | 24,421 | ||||||
Confluent, Inc., Class A* | 559 | 16,502 | ||||||
Elastic NV* | 140 | 15,952 | ||||||
Gitlab, Inc., Class A* | 333 | 16,578 | ||||||
Guidewire Software, Inc.* | 575 | 79,300 | ||||||
Intapp, Inc.* | 151 | 5,524 | ||||||
Procore Technologies, Inc.* | 403 | 26,727 | ||||||
Smartsheet, Inc., Class A* | 236 | 10,400 |
Artisan Small Cap Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
Sprout Social, Inc., Class A* | 258 | $ | 9,189 | |||||
Tyler Technologies, Inc.* | 90 | 45,037 | ||||||
Workiva, Inc., Class A* | 315 | 22,999 | ||||||
321,968 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS - 3.1% | ||||||||
Crocs, Inc.* | 203 | 29,573 | ||||||
On Holding AG, Class A*(1) | 460 | 17,846 | ||||||
47,419 | ||||||||
Total
common stocks (Cost $1,042,907) | 1,488,050 | |||||||
SHORT-TERM INVESTMENT - 0.4% | ||||||||
INVESTMENT COMPANY - 0.4% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $6,040) | 6,040 | 6,040 | ||||||
Total
investments - 98.6% (Cost $1,048,947) | 1,494,090 | |||||||
Other assets less liabilities - 1.4% | 21,103 | |||||||
Total net assets - 100.0%# | $ | 1,515,193 |
Artisan Small Cap Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency | ||||
Allegro MicroSystems, Inc. | Japan | USD | ||||
Argenx SE | Netherlands | USD | ||||
Ascendis Pharma A/S | Denmark | USD | ||||
On Holding AG | Switzerland | USD | ||||
Stevanato Group SpA | Italy | USD |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments |
|||||||
Consumer Discretionary | $ | 151,830 | 10.2 | % | ||||
Consumer Staples | 34,986 | 2.3 | ||||||
Financials | 30,229 | 2.0 | ||||||
Health Care | 498,811 | 33.4 | ||||||
Industrials | 186,624 | 12.5 | ||||||
Information Technology | 585,570 | 39.2 | ||||||
Short-Term Investment | 6,040 | 0.4 | ||||||
Total investments | $ | 1,494,090 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Sustainable Emerging Markets Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS - 94.6% | ||||||||
BRAZIL - 8.8% | ||||||||
GPS Participacoes e Empreendimentos SA(1) | 660 | $ | 2,048 | |||||
Itau Unibanco Holding SA (Preference) | 514 | 2,975 | ||||||
Lojas Renner SA | 353 | 791 | ||||||
MercadoLibre, Inc.* | 3 | 5,262 | ||||||
Vale SA | 193 | 2,150 | ||||||
VTEX, Class A* | 106 | 773 | ||||||
13,999 | ||||||||
CHILE - 0.4% | ||||||||
Empresa Nacional de Telecomunicaciones SA | 137 | 406 | ||||||
Vina Concha y Toro SA | 168 | 196 | ||||||
602 | ||||||||
CHINA - 14.6% | ||||||||
Alibaba Group Holding Ltd.(2) | 486 | 4,370 | ||||||
Baidu, Inc., Class A*(2) | 118 | 1,273 | ||||||
China Traditional Chinese Medicine Holdings Co. Ltd.*(2) | 4,581 | 2,129 | ||||||
Estun Automation Co. Ltd., Class A(2) | 1,450 | 2,842 | ||||||
Kingsoft Cloud Holdings Ltd., ADR* | 100 | 251 | ||||||
NIO, Inc., ADR* | 89 | 371 | ||||||
Prosus NV(2) | 106 | 3,738 | ||||||
Trip.com Group Ltd.*(2) | 53 | 2,519 | ||||||
Wuxi Biologics Cayman, Inc.*(2)(3) | 1,011 | 1,484 | ||||||
Zhuzhou CRRC Times Electric Co. Ltd., Class H*(2) | 1,088 | 4,290 | ||||||
23,267 | ||||||||
EGYPT - 0.3% | ||||||||
Commercial International Bank - Egypt (CIB), GDR(2)(3) | 305 | 454 | ||||||
GREECE - 2.1% | ||||||||
Alpha Services and Holdings SA*(2) | 801 | 1,308 | ||||||
Metlen Energy & Metals SA(2) | 55 | 2,035 | ||||||
3,343 | ||||||||
HONG KONG - 1.1% | ||||||||
AIA Group Ltd.(2) | 248 | 1,684 | ||||||
INDIA - 11.8% | ||||||||
Dabur India Ltd.(2) | 226 | 1,626 | ||||||
Havells India Ltd.(2) | 154 | 3,362 | ||||||
ICICI Bank Ltd.(2) | 441 | 6,337 | ||||||
Infosys Ltd.(2) | 116 | 2,175 | ||||||
Reliance Industries Ltd.(2) | 139 | 5,202 | ||||||
18,702 | ||||||||
INDONESIA - 1.6% | ||||||||
Bank Rakyat Indonesia Persero Tbk. PT(2) | 5,881 | 1,640 | ||||||
Indofood CBP Sukses Makmur Tbk. PT(2) | 1,555 | 974 | ||||||
2,614 | ||||||||
KAZAKHSTAN - 2.2% | ||||||||
Kaspi.KZ JSC, ADR(3) | 27 | 3,541 | ||||||
MALAYSIA - 1.6% | ||||||||
Frontken Corp. Bhd.(2) | 1,470 | 1,387 | ||||||
MR DIY Group M Bhd.(2)(3) | 2,938 | 1,208 | ||||||
2,595 | ||||||||
MEXICO - 4.1% | ||||||||
Cemex SAB de CV | 2,254 | 1,442 | ||||||
Gentera SAB de CV | 1,761 | 2,182 | ||||||
Vista Energy SAB de CV, ADR* | 64 | 2,928 | ||||||
6,552 | ||||||||
PANAMA - 1.1% | ||||||||
Copa Holdings SA, Class A | 18 | 1,737 | ||||||
PERU - 1.6% | ||||||||
Credicorp Ltd. | 16 | 2,548 | ||||||
POLAND - 1.6% | ||||||||
InPost SA*(2) | 142 | 2,485 | ||||||
ROMANIA - 0.9% | ||||||||
Societatea De Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA(2) | 53 | 1,413 | ||||||
RUSSIA - 0.0% | ||||||||
GMK Norilskiy Nickel PAO, ADR*(2)(4)(5) | 39 | — | ||||||
Sberbank of Russia PJSC*(2)(4)(5) | 265 | — | ||||||
— | ||||||||
SINGAPORE - 0.4% | ||||||||
Sea Ltd., ADR* | 10 | 687 | ||||||
SOUTH AFRICA - 2.9% | ||||||||
FirstRand Ltd.(2) | 595 | 2,508 | ||||||
Gold Fields Ltd., ADR | 37 | 559 | ||||||
MTN Group Ltd.(2) | 344 | 1,597 | ||||||
4,664 | ||||||||
SOUTH KOREA - 11.9% | ||||||||
Cosmax, Inc.(2) | 19 | 2,612 | ||||||
LG Energy Solution Ltd.*(2) | 4 | 890 | ||||||
Samsung Biologics Co. Ltd.*(2)(3) | 5 | 2,705 | ||||||
Samsung Electronics Co. Ltd.(2) | 195 | 11,451 | ||||||
Shinhan Financial Group Co. Ltd.(2) | 38 | 1,306 | ||||||
18,964 | ||||||||
TAIWAN - 20.5% | ||||||||
E Ink Holdings, Inc.(2) | 691 | 5,391 | ||||||
MediaTek, Inc.(2) | 137 | 5,848 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd.(2) | 717 | 21,314 | ||||||
32,553 | ||||||||
THAILAND - 0.5% | ||||||||
Bangkok Bank PCL(2) | 222 | 791 | ||||||
UNITED ARAB EMIRATES - 1.0% | ||||||||
ADNOC Logistics & Services(2) | 892 | 1,016 | ||||||
Borouge plc(2) | 906 | 574 | ||||||
1,590 |
Artisan Sustainable Emerging Markets Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares | Value | |||||||
UNITED STATES - 1.3% | ||||||||
Globant SA* | 12 | $ | 2,053 | |||||
VIETNAM - 2.3% | ||||||||
Vietnam Technological & Commercial Joint Stock Bank(2) | 3,907 | 3,579 | ||||||
Total common stocks | ||||||||
(Cost $120,112) | 150,417 | |||||||
SHORT-TERM INVESTMENT - 3.9% | ||||||||
INVESTMENT COMPANY - 3.9% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $6,280) | 6,280 | 6,280 | ||||||
Total investments - 98.5% (Cost $126,392) | 156,697 | |||||||
Other assets less liabilities - 1.5% | 2,441 | |||||||
Total net assets - 100.0%# | $ | 159,138 |
(1) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. May be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(2) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $117,517, or 73.8% of total net assets. See notes (B) and (C) in the accompanying notes. |
(3) | Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At June 30, 2024, the value of these securities was $9,392 or 5.9% of net assets. |
(4) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(5) | Security is restricted. |
Security | Acquisition Date | Cost | Value | Percentage of Total Net Assets | ||||||||||
GMK Norilskiy Nickel PAO | 09/25/2013 - 12/23/2021 | $ | 737 | $ | — | 0.0 | % | |||||||
Sberbank of Russia PJSC | 01/08/2019 - 03/25/2020 | 772 | — | 0.0 |
Artisan Sustainable Emerging Markets Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 4,736 | 3.0 | % | ||||
Consumer Discretionary | 18,259 | 11.7 | ||||||
Consumer Staples | 5,408 | 3.5 | ||||||
Energy | 9,146 | 5.8 | ||||||
Financials | 30,853 | 19.7 | ||||||
Health Care | 6,318 | 4.0 | ||||||
Industrials | 21,076 | 13.5 | ||||||
Information Technology | 48,483 | 30.9 | ||||||
Materials | 4,725 | 3.0 | ||||||
Utilities | 1,413 | 0.9 | ||||||
Short-Term Investment | 6,280 | 4.0 | ||||||
Total investments | $ | 156,697 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage
of | |||||||
AED | $ | 1,590 | 1.0 | % | ||||
BRL | 7,964 | 5.1 | ||||||
CLP | 602 | 0.4 | ||||||
CNY | 2,842 | 1.8 | ||||||
EUR | 9,566 | 6.1 | ||||||
HKD | 17,749 | 11.3 | ||||||
IDR | 2,614 | 1.7 | ||||||
INR | 18,702 | 11.9 | ||||||
KRW | 18,964 | 12.1 | ||||||
MXN | 3,624 | 2.3 | ||||||
MYR | 2,595 | 1.7 | ||||||
RON | 1,413 | 0.9 | ||||||
THB | 791 | 0.5 | ||||||
TWD | 32,553 | 20.8 | ||||||
USD | 27,444 | 17.5 | ||||||
VND | 3,579 | 2.3 | ||||||
ZAR | 4,105 | 2.6 | ||||||
Total investments | $ | 156,697 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Value Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Shares and dollar values in thousands
Shares | Value | |||||||
COMMON STOCKS - 95.8% | ||||||||
AEROSPACE & DEFENSE - 5.5% | ||||||||
Airbus SE(1)(2) | 53 | $ | 7,319 | |||||
Northrop Grumman Corp. | 9 | 3,711 | ||||||
Safran SA(1)(2) | 35 | 7,434 | ||||||
18,464 | ||||||||
AIR FREIGHT & LOGISTICS - 4.1% | ||||||||
FedEx Corp. | 20 | 6,031 | ||||||
United Parcel Service, Inc., Class B | 56 | 7,690 | ||||||
13,721 | ||||||||
BANKS - 7.3% | ||||||||
Bank of America Corp. | 201 | 8,009 | ||||||
PNC Financial Services Group, Inc. (The) | 52 | 8,036 | ||||||
US Bancorp | 216 | 8,560 | ||||||
24,605 | ||||||||
BEVERAGES - 5.6% | ||||||||
Diageo plc(1)(2) | 310 | 9,753 | ||||||
Heineken Holding NV(1)(2) | 115 | 9,030 | ||||||
18,783 | ||||||||
CAPITAL MARKETS - 7.6% | ||||||||
CME Group, Inc. | 37 | 7,275 | ||||||
Goldman Sachs Group, Inc. (The) | 23 | 10,566 | ||||||
Morgan Stanley | 80 | 7,746 | ||||||
25,587 | ||||||||
CONSUMER STAPLES DISTRIBUTION & RETAIL - 1.4% | ||||||||
Dollar General Corp. | 35 | 4,562 | ||||||
ENERGY EQUIPMENT & SERVICES - 2.4% | ||||||||
Schlumberger NV | 172 | 8,096 | ||||||
ENTERTAINMENT - 4.1% | ||||||||
Electronic Arts, Inc. | 47 | 6,599 | ||||||
Walt Disney Co. (The) | 56 | 5,530 | ||||||
Warner Bros Discovery, Inc.* | 223 | 1,661 | ||||||
13,790 | ||||||||
FINANCIAL SERVICES - 8.3% | ||||||||
Berkshire Hathaway, Inc., Class B* | 16 | 6,676 | ||||||
Fiserv, Inc.* | 50 | 7,406 | ||||||
PayPal Holdings, Inc.* | 123 | 7,131 | ||||||
Visa, Inc., Class A | 25 | 6,640 | ||||||
27,853 | ||||||||
FOOD PRODUCTS - 2.7% | ||||||||
Kerry Group plc, Class A(1)(2) | 112 | 9,068 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES - 5.8% | ||||||||
Baxter International, Inc. | 179 | 6,000 | ||||||
Koninklijke Philips NV*(1)(2) | 260 | 6,536 | ||||||
Medtronic plc | 90 | 7,061 | ||||||
19,597 | ||||||||
HEALTH CARE PROVIDERS & SERVICES - 5.7% | ||||||||
Cigna Group (The) | 27 | 8,979 | ||||||
Humana, Inc. | 27 | 10,072 | ||||||
19,051 | ||||||||
HOTELS, RESTAURANTS & LEISURE - 6.2% | ||||||||
Booking Holdings, Inc. | 2 | 8,458 | ||||||
Compass Group plc(1)(2) | 270 | 7,352 | ||||||
Marriott International, Inc., Class A | 20 | 4,942 | ||||||
20,752 | ||||||||
INSURANCE - 3.0% | ||||||||
Arch Capital Group Ltd.* | 99 | 10,037 | ||||||
INTERACTIVE MEDIA & SERVICES - 8.0% | ||||||||
Alphabet, Inc., Class C | 75 | 13,684 | ||||||
Meta Platforms, Inc., Class A | 26 | 13,048 | ||||||
26,732 | ||||||||
MEDIA - 2.8% | ||||||||
Comcast Corp., Class A | 236 | 9,250 | ||||||
OIL, GAS & CONSUMABLE FUELS - 2.8% | ||||||||
EOG Resources, Inc. | 74 | 9,376 | ||||||
PHARMACEUTICALS - 1.9% | ||||||||
Merck & Co., Inc. | 52 | 6,449 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.4% | ||||||||
NXP Semiconductors NV(1) | 22 | 5,935 | ||||||
Texas Instruments, Inc. | 44 | 8,651 | ||||||
14,586 | ||||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 1.6% | ||||||||
Samsung Electronics Co. Ltd. (Preference)(1)(2) | 113 | 5,196 | ||||||
TOBACCO - 4.6% | ||||||||
Altria Group, Inc. | 145 | 6,603 | ||||||
Philip Morris International, Inc. | 87 | 8,860 | ||||||
15,463 | ||||||||
Total common stocks (Cost $220,033) | 321,018 |
Artisan Value Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Shares Held | Value | |||||||
SHORT-TERM INVESTMENT - 3.4% | ||||||||
INVESTMENT COMPANY - 3.4% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $11,398) | 11,398 | $ | 11,398 | |||||
Total investments - 99.2% (Cost $231,431) | 332,416 | |||||||
Other assets less liabilities - 0.8% | 2,805 | |||||||
Total net assets - 100.0%# | $ | 335,221 |
Artisan Value Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency |
Airbus SE | France | EUR |
Compass Group plc | United Kingdom | GBP |
Diageo plc | United Kingdom | GBP |
Heineken Holding NV | Netherlands | EUR |
Kerry Group plc | Ireland | EUR |
Koninklijke Philips NV | Netherlands | EUR |
NXP Semiconductors NV | China | USD |
Safran SA | France | EUR |
Samsung Electronics Co. Ltd. | South Korea | KRW |
(2) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $61,688, or 18.4% of total net assets. See notes (B) and (C) in the accompanying notes. |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 49,772 | 15.0 | % | ||||
Consumer Discretionary | 20,753 | 6.2 | ||||||
Consumer Staples | 47,876 | 14.4 | ||||||
Energy | 17,471 | 5.3 | ||||||
Financials | 88,080 | 26.5 | ||||||
Health Care | 45,098 | 13.6 | ||||||
Industrials | 32,186 | 9.7 | ||||||
Information Technology | 19,782 | 5.9 | ||||||
Short-Term Investment | 11,398 | 3.4 | ||||||
Total investments | $ | 332,416 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
EUR | $ | 39,388 | 11.8 | % | ||||
GBP | 17,106 | 5.1 | ||||||
KRW | 5,196 | 1.6 | ||||||
USD | 270,726 | 81.5 | ||||||
Total investments | $ | 332,416 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Artisan Value Income Fund
Schedule of Investments
June 30, 2024 (Unaudited)
Principal amount, shares and dollar values in thousands
Shares Held | Value | |||||||
COMMON STOCKS AND EQUITY-LINKED SECURITY - 90.4% | ||||||||
AEROSPACE & DEFENSE - 2.3% | ||||||||
Airbus SE(1)(2) | 1 | $ | 172 | |||||
Safran SA(1)(2) | 1 | 164 | ||||||
336 | ||||||||
AIR FREIGHT & LOGISTICS - 1.8% | ||||||||
United Parcel Service, Inc., Class B | 2 | 269 | ||||||
AIRLINES - 1.4% | ||||||||
Ryanair Holdings plc, Equity-Linked Security*(1)(2)(3)(4) | 12 | 214 | ||||||
BANKS - 9.0% | ||||||||
Bank of America Corp. | 7 | 294 | ||||||
Fifth Third Bancorp | 5 | 201 | ||||||
M&T Bank Corp. | 2 | 234 | ||||||
PNC Financial Services Group, Inc. (The) | 2 | 247 | ||||||
US Bancorp | 6 | 250 | ||||||
WaFd, Inc. | 4 | 114 | ||||||
1,340 | ||||||||
BEVERAGES - 6.1% | ||||||||
Coca-Cola Co. (The) | 4 | 224 | ||||||
Diageo plc(1)(2) | 10 | 320 | ||||||
Heineken Holding NV(1)(2) | 5 | 362 | ||||||
906 | ||||||||
CAPITAL MARKETS - 6.6% | ||||||||
CME Group, Inc. | 1 | 280 | ||||||
Goldman Sachs Group, Inc. (The) | — | ^ | 217 | |||||
Moelis & Co., Class A | 4 | 236 | ||||||
Morgan Stanley | 3 | 250 | ||||||
983 | ||||||||
CONSUMER STAPLES DISTRIBUTION & RETAIL - 1.2% | ||||||||
Sysco Corp. | 3 | 182 | ||||||
DISTRIBUTORS - 1.5% | ||||||||
LKQ Corp. | 5 | 220 | ||||||
ELECTRIC UTILITIES - 8.9% | ||||||||
Alliant Energy Corp. | 5 | 266 | ||||||
Evergy, Inc. | 4 | 228 | ||||||
IDACORP, Inc. | 2 | 209 | ||||||
OGE Energy Corp. | 9 | 306 | ||||||
PPL Corp. | 12 | 319 | ||||||
1,328 | ||||||||
ELECTRICAL EQUIPMENT - 0.9% | ||||||||
nVent Electric plc | 2 | 138 | ||||||
FINANCIAL SERVICES - 3.4% | ||||||||
Corebridge Financial, Inc. | 10 | 277 | ||||||
Visa, Inc., Class A | 1 | 221 | ||||||
498 | ||||||||
FOOD PRODUCTS - 3.5% | ||||||||
Kerry Group plc, Class A(1)(2) | 3 | 217 | ||||||
Tyson Foods, Inc., Class A | 5 | 298 | ||||||
515 | ||||||||
GAS UTILITIES - 1.7% | ||||||||
Atmos Energy Corp. | 2 | 255 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES - 5.8% | ||||||||
Baxter International, Inc. | 8 | 274 | ||||||
Koninklijke Philips NV*(1)(2) | 9 | 232 | ||||||
Medtronic plc | 5 | 356 | ||||||
862 | ||||||||
HEALTH CARE REITS - 1.7% | ||||||||
Universal Health Realty Income Trust | 7 | 256 | ||||||
HOTELS, RESTAURANTS & LEISURE - 3.3% | ||||||||
Compass Group plc(1)(2) | 8 | 217 | ||||||
Vail Resorts, Inc. | 1 | 265 | ||||||
482 | ||||||||
MACHINERY - 2.3% | ||||||||
Otis Worldwide Corp. | 4 | 347 | ||||||
MEDIA - 5.7% | ||||||||
Cable One, Inc. | — | ^ | 161 | |||||
Comcast Corp., Class A(5) | 11 | 428 | ||||||
Omnicom Group, Inc. | 3 | 263 | ||||||
852 | ||||||||
OIL, GAS & CONSUMABLE FUELS - 2.9% | ||||||||
EOG Resources, Inc. | 3 | 422 | ||||||
PHARMACEUTICALS - 1.8% | ||||||||
Merck & Co., Inc. | 2 | 260 | ||||||
RETAIL REITS - 1.7% | ||||||||
NNN REIT, Inc. | 6 | 245 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.7% | ||||||||
Texas Instruments, Inc. | 1 | 258 | ||||||
SPECIALIZED REITS - 5.8% | ||||||||
Lamar Advertising Co., Class A | 5 | 566 | ||||||
Public Storage | 1 | 300 | ||||||
866 |
Artisan Value Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
Principal amount, shares and dollar values in thousands
Shares Held | Value | |||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS - 3.9% | ||||||||
NetApp, Inc. | 3 | $ | 337 | |||||
Samsung Electronics Co. Ltd. (Preference)(1)(2) | 5 | 242 | ||||||
579 | ||||||||
TOBACCO - 5.5% | ||||||||
Altria Group, Inc. | 8 | 360 | ||||||
Philip Morris International, Inc.(5) | 5 | 459 | ||||||
819 | ||||||||
Total common stocks and equity-linked security (Cost $12,896) | 13,432 |
Principal Amount | ||||||||
CORPORATE BONDS - 3.5% | ||||||||
BANKS - 1.2% | ||||||||
M&T Bank Corp., Series E | ||||||||
(SOFR + 3.87%), 9.19%, 8/15/2024(6)(7) | $ | 171 | 172 | |||||
BROADLINE RETAIL - 1.3% | ||||||||
ANGI Group LLC | ||||||||
3.88%, 8/15/2028(8) | 228 | 196 | ||||||
MEDIA - 1.0% | ||||||||
Cable One, Inc. | ||||||||
4.00%, 11/15/2030(8) | 209 | 156 | ||||||
Total corporate bonds (Cost $519) | 524 | |||||||
CONVERTIBLE BONDS - 2.5% | ||||||||
MEDIA - 1.1% | ||||||||
Cable One, Inc. | ||||||||
Zero Coupon, 3/15/2026 | 106 | 93 | ||||||
1.13%, 3/15/2028 | 97 | 72 | ||||||
165 | ||||||||
MORTGAGE REAL ESTATE INVESTMENT TRUSTS (REITS) - 1.4% | ||||||||
Redwood Trust, Inc. | ||||||||
7.75%, 6/15/2027 | 215 | 208 | ||||||
Total convertible bonds (Cost $386) | 373 |
Shares | ||||||||
PREFERRED STOCK - 1.7% | ||||||||
BANKS - 1.7% | ||||||||
WaFd, Inc. Series A, 4.88%, (Cost $235)(6) | 17 | 253 | ||||||
SHORT-TERM INVESTMENT - 1.3% | ||||||||
INVESTMENT COMPANY - 1.3% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 5.19% (Cost $186) | 186 | 186 | ||||||
Total investments - 99.4% (Cost $14,222) | 14,768 | |||||||
WRITTEN OPTION CONTRACTS - (0.1)% (Premiums received $(22)) | (16 | ) | ||||||
Other assets less liabilities - 0.7% | 108 | |||||||
Total net assets - 100.0%# | $ | 14,860 |
Artisan Value Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
(1) | The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications. |
Security | Country | Trading Currency |
Airbus SE | France | EUR |
Compass Group plc | United Kingdom | GBP |
Diageo plc | United Kingdom | GBP |
Heineken Holding NV | Netherlands | EUR |
Kerry Group plc | Ireland | EUR |
Koninklijke Philips NV | Netherlands | EUR |
Ryanair Holdings plc | Ireland | USD |
Safran SA | France | EUR |
Samsung Electronics Co. Ltd. | South Korea | KRW |
(2) | Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $2,140, or 14.4% of total net assets. See notes (B) and (C) in the accompanying notes. |
(3) | Security is restricted. Security was acquired in a transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or during the period noted below. |
Security | Acquisition Date | Cost | Value | Percentage of Total Net Assets | ||||||||||
Ryanair Holdings plc | 03/12/2024 - 05/30/2024 | $ | 264 | $ | 214 | 1.4 | % |
(4) | Security is an equity-linked security issued by HSBC Bank plc. Equity-linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them. |
(5) | At June 30, 2024, all or a portion of this security was pledged to cover collateral requirements for written options. |
(6) | Perpetual security. The rate reflected was the rate in effect on June 30, 2024. The maturity date reflects the next call date. |
(7) | Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of June 30, 2024. |
(8) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. May be resold in transactions exempt from registration, normally to qualified institutional buyers. |
Artisan Value Income Fund
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
WRITTEN OPTION CONTRACTS
Dollar values in thousands except exercise price
Call Options
Number of Contracts‡ | Description | Exercise Price | Notional Amount | Expiration Date | Premiums Received by Fund | Market Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||
4 | Airbus SE | EUR | 160.00 | $ | 51 | 12/20/24 | $ | (2 | ) | $ | (1 | ) | $ | 1 | |||||||||||
2 | CME Group, Inc. | $ | 210.00 | 39 | 11/15/24 | (1 | ) | (1 | ) | — | ^ | ||||||||||||||
14 | Corebridge Financial, Inc. | $ | 36.00 | 41 | 10/18/24 | (2 | ) | (– | )^ | 2 | |||||||||||||||
15 | Corebridge Financial, Inc. | $ | 31.00 | 44 | 10/18/24 | (2 | ) | (2 | ) | — | ^ | ||||||||||||||
7 | NetApp, Inc. | $ | 135.00 | 90 | 12/20/24 | (5 | ) | (6 | ) | (1 | ) | ||||||||||||||
3 | nVent Electric plc | $ | 85.00 | 23 | 11/15/24 | (2 | ) | (1 | ) | 1 | |||||||||||||||
5 | Otis Worldwide Corp. | $ | 100.00 | 48 | 12/20/24 | (3 | ) | (2 | ) | 1 | |||||||||||||||
2 | Safran SA | EUR | 220.00 | 39 | 09/20/24 | (1 | ) | (– | )^ | 1 | |||||||||||||||
10 | US Bancorp | $ | 42.50 | 40 | 11/15/24 | (2 | ) | (2 | ) | (– | )^ | ||||||||||||||
1 | Visa, Inc. | $ | 280.00 | 26 | 07/19/24 | (1 | ) | (– | )^ | 1 | |||||||||||||||
1 | Visa, Inc. | $ | 290.00 | 26 | 12/20/24 | (1 | ) | (1 | ) | — | ^ | ||||||||||||||
Total written option contracts | $ | (22 | ) | $ | (16 | ) | $ | 6 |
PORTFOLIO DIVERSIFICATION | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage of Total Investments | |||||||
Communication Services | $ | 1,173 | 7.9 | % | ||||
Consumer Discretionary | 898 | 6.1 | ||||||
Consumer Staples | 2,422 | 16.4 | ||||||
Energy | 422 | 2.9 | ||||||
Financials | 3,452 | 23.4 | ||||||
Health Care | 1,124 | 7.6 | ||||||
Industrials | 1,304 | 8.8 | ||||||
Information Technology | 837 | 5.7 | ||||||
Real Estate | 1,367 | 9.2 | ||||||
Utilities | 1,583 | 10.7 | ||||||
Short-Term Investment | 186 | 1.3 | ||||||
Total investments | $ | 14,768 | 100.0 | % |
TRADING CURRENCIES | ||||||||
Dollar values in thousands | ||||||||
Value | Percentage
of | |||||||
EUR | $ | 1,147 | 7.8 | % | ||||
GBP | 537 | 3.6 | ||||||
KRW | 242 | 1.6 | ||||||
USD | 12,842 | 87.0 | ||||||
Total investments | $ | 14,768 | 100.0 | % |
Definitions of abbreviations and footnotes are detailed on page 1.
See notes to N-PORT Part F.
Notes to N-PORT Part F – June 30, 2024 (UNAUDITED)
As of June 30, 2024, Artisan Partners Funds, Inc. (“Artisan Partners Funds”) is a series company comprised of twenty-one series and follows specialized accounting and reporting under FASB Accounting Standards Codification Topic 946, Financial Services – Investment Companies.
(A) | Investments in Subsidiaries: |
Emerging Markets Debt Opportunities Fund and Global Unconstrained Fund may make investments in securities, derivatives and other instruments, directly or through investments in Artisan Emerging Markets Debt Opportunities Subsidiary Ltd. and Artisan Global Unconstrained Subsidiary Ltd., respectively, each a wholly owned subsidiary of the respective Fund organized under the laws of the Cayman Islands (each referred to herein as the “Subsidiary” or collectively the “Subsidiaries”). The consolidated Schedules of Investments include the holdings of each Fund and its Subsidiary. All intercompany transactions and balances have been eliminated. As of June 30, 2024, Artisan Emerging Markets Debt Opportunities Subsidiary Ltd. had $3,755,989 in net assets, representing 5.31% of Emerging Markets Debt Opportunities Fund’s net assets and Artisan Global Unconstrained Subsidiary Ltd. had $4,224,994 in net assets, representing 4.05% of Global Unconstrained Fund’s net assets.
(B) | Valuation: |
The net asset value (“NAV”) of the shares of each class of each Fund was determined as of the close of regular session trading on the New York Stock Exchange (“NYSE”) (usually 4:00 p.m., Eastern Time) each day the NYSE was open for regular session trading. For financial reporting purposes, information available subsequent to the close of NYSE trading and up to the date of the financial statements was considered in determining a fair value for investments held in each Fund and the resulting NAV presented.
In determining each Fund’s NAV for financial reporting purposes, each equity security and exchange traded fund (“ETF”) held by the Fund traded on a securities exchange, or over-the-counter was valued at the closing price on the exchange or market designated by the Funds’ accounting agent or pricing vendor as the principal exchange (each, a “principal exchange”). The closing price provided by the pricing vendor for an exchange may differ from the price quoted elsewhere and may represent information such as last sales price, an official closing price, a closing auction price or other information, depending on exchange or market convention. Absent closing price information for an equity security from the principal exchange, the security was valued using (i) the closing price on another exchange on which the security traded (if such price was made available by a pricing vendor) or (ii) the most recent bid quotation on the principal exchange or, if such bid was not available, from a secondary exchange or in the over-the-counter market. Equity-linked securities, such as participation certificates, participation notes or access notes, are valued by referencing the underlying security if market quotations are not readily available. Repurchase agreements and reverse repurchase agreements are valued at cost plus accrued interest. Exchange traded option contracts were valued at the mid price (average of the bid price and ask price) as provided by the pricing vendor at the close of trading on the contract’s principal exchange. Exchange traded futures contracts were valued at the settlement price as provided by the pricing vendor at the close of trading on the principal exchange. Over-the-counter derivatives (including total return swaps, over-the-counter options on total return swaps, and certain other derivatives) are valued using prices provided by the Funds’ pricing vendors. Prices obtained from independent pricing services may use various observable and unobservable inputs, including, but not limited to, information provided by broker-dealers, pricing formulas, estimates of market values obtained from data relating to investments or securities with similar characteristics and/or discounted cash flow or spread curve models that might be applicable. Shares of open-end investment companies (excluding exchange traded funds) were valued at the latest net asset value reported by the investment company.
Notes to N-PORT Part F – June 30, 2024 (UNAUDITED)
Fixed income securities, including loan participation notes, are fair valued using prices from the Funds' pricing vendors. Such prices were generally evaluations based on the judgment of the Funds’ pricing vendors, which may consider, among other factors, the prices at which securities actually trade, broker-dealer quotations, pricing formulas, estimates of market values obtained from yield data relating to investments or securities with similar characteristics and/or discounted cash flow models that might be applicable.
Rule 2a-5 under the 1940 Act (Rule 2a-5), established requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of Section 29(a)(41) of the 1940 Act, which requires a fund to fair value a security when market quotations are not readily available. Separately, Rule 31a-4 under the 1940 Act sets forth the recordkeeping requirements associated with fair value determinations. The Funds adopted a valuation policy compliant with Rule 2a-5 and Rule 31a-4 without resulting in a material impact to the Funds. Artisan Partners was designated by the board of directors as the valuation designee for the Funds pursuant to Rule 2a-5. In its capacity as valuation designee, Artisan Partners, among other things, is responsible for establishing fair valuation methodologies and determining, in good faith, the fair value of all of the assets of the Funds for which there are no readily available market quotations. Securities or other assets for which market quotations are not readily available are valued by Artisan Partners, as valuation designee, in accordance with Procedures for Valuation of Portfolio Securities by Artisan Partners Limited Partnership and under the general oversight of Artisan Partners Funds’ board of directors. A market quotation will be considered not readily available, and a Fund may therefore use fair value pricing, if there are not quoted prices (unadjusted) in active markets for identical investments that a Fund can access at the measurement date, and/or any such quotation is not reliable.
Notes to N-PORT Part F – June 30, 2024 (UNAUDITED)
When fair value pricing is employed, the value of a security or asset used by a Fund to calculate its NAV may differ from quoted or published prices for the same security or asset. Estimates of fair value utilized by the Funds as described above could differ from the value realized on the sale of those securities or assets in the future and the differences may be material to the NAV of the applicable Fund.
(C) | Fair Value Measurements: |
Under US GAAP for fair value measurement, accounting standards clarify the definition of fair value for financial reporting, establish a framework for measuring fair value and require additional disclosures about the use of fair value measurements. In accordance with this standard, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. The standard establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on the market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Funds’ investments. The three-tier hierarchy of inputs is summarized in three broad levels:
● | Level 1 – unadjusted quoted prices in active markets for identical investments |
● | Level 2 – other significant observable inputs (including but not limited to quoted prices for similar securities, interest rates, credit risks and securities trading primarily outside the US where the applicable trading market was closed or factors were applied to prices as a result of significant market movements following the close of local trading) |
● | Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining a fair value of investments and discounts for lack of marketability) |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk or liquidity associated with investing in those securities. A description of the valuation techniques for the Funds’ major classes of assets is found in Note (B). A description of the fair value leveling techniques is described below:
Equity securities, ETFs, investment companies, exchange traded options contracts and exchange traded futures contracts are generally categorized as Level 1. Bank loans, corporate bonds, equity-linked securities, foreign currency forward contracts, treasury bills, other derivatives, foreign equity securities in which the closing price or bid quotation are adjusted for significant events, or local market holidays or other unscheduled market closures, are generally categorized as Level 2. Securities fair valued in good faith by the valuation committee are generally categorized as Level 2 or 3, depending on the observability of the inputs utilized.
Notes to N-PORT Part F – June 30, 2024 (UNAUDITED)
The following table summarizes each Fund’s investments by major security type, based on the inputs used to determine their fair values as of June 30, 2024 (in thousands). Refer to each Fund’s Schedule of Investments for industry or country classifications.
Fund | Level 1 - Unadjusted |
| Level 2 - Other Significant Inputs |
| Level 3 - Significant Inputs |
| Total | |||||||||
Developing World | ||||||||||||||||
Common Stocks | ||||||||||||||||
Americas | $ | 1,169,535 | $ | — | $ | — | $ | 1,169,535 | ||||||||
Emerging Markets | 857,121 | 536,154 | — | 1,393,275 | ||||||||||||
Europe | 103,570 | 299,563 | — | 403,133 | ||||||||||||
Pacific Basin | 306,301 | 41,847 | — | 348,148 | ||||||||||||
Investment Company | 58,982 | — | — | 58,982 | ||||||||||||
Total Investments | $ | 2,495,509 | $ | 877,564 | $ | — | $ | 3,373,073 | ||||||||
Emerging Markets Debt Opportunities | ||||||||||||||||
Sovereign Government Bonds and Bond Participation Notes | $ | — | $ | 42,483 | $ | 850 | $ | 43,333 | ||||||||
Corporate Bonds | — | 10,041 | — | 10,041 | ||||||||||||
Bank Loans | — | — | 1,960 | 1,960 | ||||||||||||
Sovereign Government Treasury Bills | — | 8,943 | — | 8,943 | ||||||||||||
Investment Companies | 1,259 | — | — | 1,259 | ||||||||||||
Total Investments | $ | 1,259 | $ | 61,467 | $ | 2,810 | $ | 65,536 | ||||||||
Foreign Currency Forward Contracts(1) | — | (369 | ) | — | (369 | ) | ||||||||||
Futures(1) | (193 | ) | — | — | (193 | ) | ||||||||||
Centrally Cleared Credit Default Swaps(1) | — | 1 | — | 1 | ||||||||||||
Centrally Cleared Interest Rate Swaps(1) | — | (204 | ) | — | (204 | ) | ||||||||||
Total | $ | 1,066 | $ | 60,895 | $ | 2,810 | $ | 64,771 | ||||||||
Floating Rate | ||||||||||||||||
Bank Loans | $ | — | $ | 70,073 | $ | 220 | $ | 70,293 | ||||||||
Corporate Bonds | — | 3,891 | — | 3,891 | ||||||||||||
Warrants | — | — | — | (2) | — | |||||||||||
Investment Company | 10,210 | — | — | 10,210 | ||||||||||||
Total Investments | $ | 10,210 | $ | 73,964 | $ | 220 | (2) | $ | 84,394 | |||||||
Focus | ||||||||||||||||
Common Stocks | $ | 901,560 | $ | 55,331 | $ | — | $ | 956,891 | ||||||||
Options Purchased | 26,929 | — | — | 26,929 | ||||||||||||
Investment Company | 83,207 | — | — | 83,207 | ||||||||||||
Total Investments | $ | 1,011,696 | $ | 55,331 | $ | — | $ | 1,067,027 | ||||||||
Foreign Currency Forward Contracts(1) | — | 62 | — | 62 | ||||||||||||
Total | $ | 1,011,696 | $ | 55,393 | $ | — | $ | 1,067,089 | ||||||||
Global Discovery | ||||||||||||||||
Common Stocks | ||||||||||||||||
Americas | $ | 140,903 | $ | — | $ | — | $ | 140,903 | ||||||||
Emerging Markets | 2,757 | — | — | 2,757 | ||||||||||||
Europe | 15,133 | 55,717 | — | 70,850 | ||||||||||||
Pacific Basin | 2,740 | 5,206 | — | 7,946 | ||||||||||||
Investment Company | 9,734 | — | — | 9,734 | ||||||||||||
Total Investments | $ | 171,267 | $ | 60,923 | $ | — | $ | 232,190 | ||||||||
Global Equity | ||||||||||||||||
Common Stocks | ||||||||||||||||
Americas | $ | 74,555 | $ | — | $ | — | $ | 74,555 | ||||||||
Emerging Markets | 1,355 | 8,104 | — | (2) | 9,459 | |||||||||||
Europe | 4,984 | 72,278 | — | 77,262 | ||||||||||||
Pacific Basin | — | 13,601 | — | 13,601 | ||||||||||||
Investment Company | 620 | — | — | 620 | ||||||||||||
Total Investments | $ | 81,514 | $ | 93,983 | $ | — | (2) | $ | 175,497 | |||||||
Global Opportunities | ||||||||||||||||
Common Stocks | ||||||||||||||||
Americas | $ | 1,487,691 | $ | — | $ | — | $ | 1,487,691 | ||||||||
Emerging Markets | 140,574 | 55,857 | — | 196,431 | ||||||||||||
Europe | 64,198 | 538,622 | — | 602,820 | ||||||||||||
Pacific Basin | — | 166,585 | — | 166,585 | ||||||||||||
Investment Company | 111,725 | — | — | 111,725 | ||||||||||||
Total Investments | $ | 1,804,188 | $ | 761,064 | $ | — | $ | 2,565,252 | ||||||||
Global Unconstrained | ||||||||||||||||
Sovereign Government Bonds and Bond Participation Notes | $ | — | $ | 54,536 | $ | 1,122 | $ | 55,658 | ||||||||
Corporate Bonds | — | 10,320 | — | 10,320 | ||||||||||||
Bank Loans | — | — | 2,679 | 2,679 | ||||||||||||
Common Stocks | 1,510 | 718 | — | 2,228 | ||||||||||||
Options Purchased | 10 | — | — | 10 | ||||||||||||
Sovereign Government Treasury Bills | — | 12,252 | — | 12,252 | ||||||||||||
U.S. Treasury Obligation | — | 5,995 | — | 5,995 | ||||||||||||
Repurchase Agreements | — | 3,999 | — | 3,999 | ||||||||||||
Investment Companies | 3,390 | — | — | 3,390 |
Total Investments before securities sold short | $ | 4,910 | $ | 87,820 | $ | 3,801 | $ | 96,531 | ||||||||
Common Stocks | — | (984 | ) | (984 | ) | |||||||||||
Sovereign Government Bonds | — | (3,971 | ) | — | (3,971 | ) | ||||||||||
Total Investments after securities sold short | $ | 4,910 | $ | 82,865 | $ | 3,801 | $ | 91,576 | ||||||||
Foreign Currency Forward Contracts(1) | — | 67 | — | 67 | ||||||||||||
Futures(1) | (197 | ) | — | — | (197 | ) | ||||||||||
Centrally Cleared Credit Default Swaps(1) | — | (416 | ) | — | (416 | ) | ||||||||||
Centrally Cleared Interest Rate Swaps(1) | — | (34 | ) | — | (34 | ) | ||||||||||
OTC Credit Default Swaps(1) | — | (5 | ) | — | (5 | ) | ||||||||||
OTC Interest Rate Swaps(1) | — | (11 | ) | — | (11 | ) | ||||||||||
Total | $ | 4,713 | $ | 82,466 | $ | 3,801 | $ | 90,980 | ||||||||
Global Value | ||||||||||||||||
Common Stocks | ||||||||||||||||
Americas | $ | 1,019,329 | $ | 84,958 | $ | — | $ | 1,104,287 | ||||||||
Emerging Markets | — | 162,374 | — | 162,374 | ||||||||||||
Europe | — | 935,070 | — | 935,070 | ||||||||||||
Investment Company | 161,298 | — | — | 161,298 | ||||||||||||
Total Investments | $ | 1,180,627 | $ | 1,182,402 | $ | — | $ | 2,363,029 | ||||||||
High Income | ||||||||||||||||
Corporate Bonds | $ | — | $ | 6,244,794 | $ | — | $ | 6,244,794 | ||||||||
Bank Loans | — | 1,389,422 | 6,592 | 1,396,014 | ||||||||||||
Common Stock | — | 13,710 | — | 13,710 | ||||||||||||
Warrants | — | — | — | (2) | — | |||||||||||
Investment Company | 838,822 | — | — | 838,822 | ||||||||||||
Total Investments | $ | 838,822 | $ | 7,647,926 | $ | 6,592 | (2) | $ | 8,493,340 | |||||||
Foreign Currency Forward Contracts(1) | — | (17 | ) | — | (17 | ) | ||||||||||
Total | $ | 838,822 | $ | 7,647,909 | $ | 6,592 | (2) | $ | 8,493,323 | |||||||
International | ||||||||||||||||
Common Stocks and Equity-Linked Security | ||||||||||||||||
Americas | $ | 765,225 | $ | 63,990 | $ | — | $ | 829,215 | ||||||||
Emerging Markets | 77,022 | 111,119 | — | (2) | 188,141 | |||||||||||
Europe | 333,556 | 3,040,548 | — | 3,374,104 | ||||||||||||
Pacific Basin | — | 577,285 | — | 577,285 | ||||||||||||
Investment Company | 128,115 | — | — | 128,115 | ||||||||||||
Total Investments | $ | 1,303,918 | $ | 3,792,942 | $ | — | (2) | $ | 5,096,860 | |||||||
International Explorer | ||||||||||||||||
Common Stocks | ||||||||||||||||
Americas | $ | 2,727 | $ | 6,867 | $ | — | $ | 9,594 | ||||||||
Emerging Markets | 11,492 | 10,256 | — | 21,748 | ||||||||||||
Europe | 3,302 | 71,875 | — | 75,177 | ||||||||||||
Pacific Basin | — | 20,977 | — | 20,977 | ||||||||||||
Investment Company | 17,453 | — | — | 17,453 | ||||||||||||
Total Investments | $ | 34,974 | $ | 109,975 | $ | — | $ | 144,949 | ||||||||
International Small-Mid | ||||||||||||||||
Common Stocks | ||||||||||||||||
Americas | $ | 993,637 | $ | — | $ | — | $ | 993,637 | ||||||||
Emerging Markets | 255,211 | 50,773 | — | 305,984 | ||||||||||||
Europe | 78,775 | 1,966,338 | — | 2,045,113 | ||||||||||||
Middle East | 204,602 | 40,249 | — | 244,851 | ||||||||||||
Pacific Basin | — | 718,723 | — | 718,723 | ||||||||||||
Investment Company | 6,179 | — | — | 6,179 | ||||||||||||
Total Investments | $ | 1,538,404 | $ | 2,776,083 | $ | — | $ | 4,314,487 | ||||||||
International Value | ||||||||||||||||
Common Stocks and Equity-Linked Security | ||||||||||||||||
Americas | $ | 5,233,984 | $ | 775,730 | $ | — | $ | 6,009,714 | ||||||||
Emerging Markets | 380,437 | 4,277,473 | 136,040 | 4,793,950 | ||||||||||||
Europe | 481,487 | 17,531,293 | — | 18,012,780 | ||||||||||||
Pacific Basin | — | 590,718 | — | 590,718 | ||||||||||||
Investment Company | 3,773,338 | — | — | 3,773,338 | ||||||||||||
Miscellaneous Securities | — | 140,638 | — | 140,638 | ||||||||||||
Total Investments | $ | 9,869,246 | $ | 23,315,852 | $ | 136,040 | $ | 33,321,138 | ||||||||
Mid Cap | ||||||||||||||||
Common Stocks | $ | 4,335,936 | $ | 70,081 | $ | — | $ | 4,406,017 | ||||||||
Investment Company | 42,744 | — | — | 42,744 | ||||||||||||
Total Investments | $ | 4,378,680 | $ | 70,081 | $ | — | $ | 4,448,761 | ||||||||
Mid Cap Value | ||||||||||||||||
Common Stocks | $ | 1,096,169 | $ | — | $ | — | (2) | $ | 1,096,169 | |||||||
Investment Company | 9,396 | — | — | 9,396 | ||||||||||||
Total Investments | $ | 1,105,565 | $ | — | $ | — | (2) | $ | 1,105,565 |
Select Equity | ||||||||||||||||
Common Stocks | $ | 37,644 | $ | 7,297 | $ | — | $ | 44,941 | ||||||||
Investment Company | 3,495 | — | — | 3,495 | ||||||||||||
Total Investments | $ | 41,139 | $ | 7,297 | $ | — | $ | 48,436 | ||||||||
Small Cap | ||||||||||||||||
Common Stocks | $ | 1,488,050 | $ | — | $ | — | $ | 1,488,050 | ||||||||
Investment Company | 6,040 | — | — | 6,040 | ||||||||||||
Total Investments | $ | 1,494,090 | $ | — | $ | — | $ | 1,494,090 | ||||||||
Sustainable Emerging Markets | ||||||||||||||||
Common Stocks | ||||||||||||||||
Americas | $ | 2,053 | $ | — | $ | — | $ | 2,053 | ||||||||
Emerging Markets | 30,160 | 115,833 | — | (2) | 145,993 | |||||||||||
Pacific Basin | 687 | 1,684 | — | 2,371 | ||||||||||||
Investment Company | 6,280 | — | — | 6,280 | ||||||||||||
Total Investments | $ | 39,180 | $ | 117,517 | $ | — | (2) | $ | 156,697 | |||||||
Value | ||||||||||||||||
Common Stocks | $ | 259,330 | $ | 61,688 | $ | — | $ | 321,018 | ||||||||
Investment Company | 11,398 | — | — | 11,398 | ||||||||||||
Total Investments | $ | 270,728 | $ | 61,688 | $ | — | $ | 332,416 | ||||||||
Value Income | ||||||||||||||||
Common Stocks and Equity-Linked Security | $ | 11,292 | $ | 2,140 | $ | — | $ | 13,432 | ||||||||
Corporate Bonds | — | 524 | — | 524 | ||||||||||||
Convertible Bonds | — | 373 | — | 373 | ||||||||||||
Preferred Stock | 253 | — | — | 253 | ||||||||||||
Investment Company | 186 | — | — | 186 | ||||||||||||
Total Investments | $ | 11,731 | $ | 3,037 | $ | — | $ | 14,768 | ||||||||
Written Option Contracts | (16 | ) | — | — | (16 | ) | ||||||||||
Total | $ | 11,715 | $ | 3,037 | $ | — | $ | 14,752 |
(1) Foreign currency forward contracts, futures contracts, OTC swaps and centrally cleared swap contracts are valued at unrealized appreciation (depreciation). Amounts shown above are shown as net unrealized appreciation (depreciation). See the Fund’s Schedule of Investments for additional detail.
(2) Includes one or more securities valued at $0.
Notes to N-PORT Part F – June 30, 2024 (UNAUDITED)
Information about Level 3 fair value measurements (dollar values in thousands):
Assets | Fair Value at June 30, 2024 | Unobservable Input(s) | Impact to Fair Input | |||||
Emerging Markets Debt Opportunities Fund | ||||||||
Sovereign Government Bond | $ | 850 | Single broker quote | Increase | ||||
Bank Loan | $ | 1,960 | Single broker quote | Increase | ||||
Floating Rate Fund | ||||||||
Bank Loan | $ | 220 | Discounted cash flow model-derived price based on the evaluated discount margin of comparables | Increase | ||||
Warrant | $ | — | (1) | 100% discount for uncertainty of liquidation value | N/A | |||
Global Equity Fund | ||||||||
Common Stock | $ | — | (1) | Last quote in restricted market less 100% discount | N/A | |||
Global Unconstrained Fund | ||||||||
Sovereign Government Bond | $ | 1,122 | Single broker quote | Increase | ||||
Bank Loan | $ | 2,679 | Single broker quote | Increase | ||||
High Income Fund | ||||||||
Bank Loan | $ | 6,592 | Discounted cash flow model-derived price based on the evaluated discount margin of comparables | Increase | ||||
Warrant | $ | — | (1) | 100% discount for uncertainty of liquidation value | N/A | |||
International Fund | ||||||||
Common Stock | $ | — | (1) | Last quote in restricted market less 100% discount | N/A | |||
International Value Fund | ||||||||
Common Stock | $ | 136,040 | Net collateral, net earned premiums, and fair value of loss reserves | Increase | ||||
Mid Cap Value Fund | ||||||||
Common Stock | $ | — | (1) | 100% discount for uncertainty of collectability | N/A | |||
Sustainable Emerging Markets Fund | ||||||||
Common Stock | $ | — | (1) | Last quote in restricted market less 100% discount | N/A |
(1) Includes one or more securities valued at $0.
As of June 30, 2024, the reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value is as follows (in thousands):
Emerging Markets Debt Opportunities Fund |
| Floating Rate Fund |
| Global Equity Fund |
| Global Unconstrained Fund |
| High Income Fund |
| International Fund |
| International Value Fund | Mid Cap Value Fund | Sustainable Emerging Markets Fund |
| |||||||||||||||||||||
Balance as of September 30, 2023 | $ | 301 | $ | — | (1) | $ | — | (1) | $ | 374 | $ | — | (1) | $ | — | (1) | $ | 118,830 | $ | — | (1) | $ | — | (1) | ||||||||||||
Transfers into Level 3 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) | (96 | ) | 9 | — | (130 | ) | 274 | — | 17,210 | — | — | |||||||||||||||||||||||||
Purchases | 2,605 | 277 | — | 3,557 | 8,300 | — | — | — | — | |||||||||||||||||||||||||||
Sales | — | (68 | ) | — | — | (2,028 | ) | — | — | — | — | |||||||||||||||||||||||||
Accrued Amortization | — | (2) | 2 | — | — | (2) | 46 | — | — | — | — | |||||||||||||||||||||||||
Realized Gain/(Loss) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Transfer out of Level 3 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Balance as of June 30, 2024 | $ | 2,810 | $ | 220 | (1) | $ | — | (1) | $ | 3,801 | $ | 6,592 | (1) | $ | — | (1) | $ | 136,040 | $ | — | (1) | $ | — | (1) | ||||||||||||
Net change in unrealized appreciation (depreciation) for investments held as of June 30, 2024 | $ | (102 | ) | $ | 9 | $ | — | $ | (138 | ) | $ | 274 | $ | — | $ | 17,210 | $ | — | $ | — |
(1) | Includes one or more securities valued at $0. |
(2) | Amount rounds to less than $1. |
Notes to N-PORT Part F – June 30, 2024 (UNAUDITED)
(D) | Transactions in securities of affiliates: |
The table below shows information about securities of Fund “affiliates” (as defined below) that were held by a Fund, purchased or sold by a Fund, or from which dividends were received by a Fund during the period ended June 30, 2024 (shares and dollar values in thousands). Each Fund identifies a company as an affiliate for the purpose of this report if the Fund owned voting securities that it believed represented 5% or more of that company’s outstanding voting securities (as defined by the 1940 Act) during the period ended June 30, 2024.
Transactions in securities of affiliates:
As of 09/30/2023 | As of 06/30/2024 | |||||||||||||||||||||||||||||||||||
Funds | Shares Balance | Value | Purchases at Cost |
Proceeds from Sales | Net Realized Gain (Loss) |
Net Increase (Decrease) in Unrealized Appreciation or Depreciation | Shares Balance |
Value | Dividend Income@ |
|||||||||||||||||||||||||||
International Explorer Fund | ||||||||||||||||||||||||||||||||||||
M&C Saatchi plc‡(1) | 3,589 | $ | 6,129 | $ | 5,451 | $ | — | $ | — | $ | 3,571 | 6,144 | $ | 15,151 | $ | 119 | ||||||||||||||||||||
Total | $ | 6,129 | $ | 5,451 | $ | — | $ | — | $ | 3,571 | $ | 15,151 | $ | 119 | ||||||||||||||||||||||
International Small-Mid Fund | ||||||||||||||||||||||||||||||||||||
CKD Corp.†(1) | 3,657 | $ | 50,388 | $ | — | $ | (24,425 | ) | $ | (506 | ) | $ | 23,969 | 2,479 | $ | 49,426 | $ | 402 | ||||||||||||||||||
Daikokutenbussan Co. Ltd.†(1) | 762 | 32,099 | — | (2,057 | ) | (1,155 | ) | 9,303 | 719 | 38,190 | 136 | |||||||||||||||||||||||||
Total# | $ | 82,487 | $ | — | $ | (26,482 | ) | $ | (1,661 | ) | $ | 33,272 | $ | — | $ | 538 | ||||||||||||||||||||
International Value Fund | ||||||||||||||||||||||||||||||||||||
Berkeley Group Holdings plc(1) | 5,947 | $ | 296,654 | $ | — | $ | — | $ | — | $ | 46,638 | 5,947 | $ | 343,292 | $ | 4,994 | ||||||||||||||||||||
Sensata Technologies Holding plc‡ | 7,196 | 272,168 | 81,301 | — | — | (5,571 | ) | 9,305 | 347,898 | 2,591 | ||||||||||||||||||||||||||
Total | $ | 568,822 | $ | 81,301 | $ | — | $ | — | $ | 41,067 | $ | 691,190 | $ | 7,585 |
@ Net of foreign taxes withheld, if any.
† Issuer was not an affiliate as of June 30, 2024.
‡ Issuer was not an affiliate as of September 30, 2023.
# Total value as of June 30, 2024 is presented only for those issuers that were affiliates as of June 30, 2024.
(1) Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. See notes (B) and (C).