0001752724-24-199576.txt : 20240829 0001752724-24-199576.hdr.sgml : 20240829 20240829111945 ACCESSION NUMBER: 0001752724-24-199576 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240829 DATE AS OF CHANGE: 20240829 PERIOD START: 20240930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARTISAN PARTNERS FUNDS INC CENTRAL INDEX KEY: 0000935015 ORGANIZATION NAME: IRS NUMBER: 391811840 STATE OF INCORPORATION: WI FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08932 FILM NUMBER: 241260528 BUSINESS ADDRESS: STREET 1: 875 EAST WISCONSIN AVE STE 800 CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-390-6100 MAIL ADDRESS: STREET 1: 875 EAST WISCONSIN AVE STE 800 CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: ARTISAN FUNDS INC DATE OF NAME CHANGE: 19950310 FORMER COMPANY: FORMER CONFORMED NAME: ZIEGLER FUNDS INC DATE OF NAME CHANGE: 19950109 0000935015 S000067908 Artisan Select Equity Fund C000217731 Institutional Shares APHNX C000217732 Investor Shares ARTNX C000217733 Advisor Shares APDNX NPORT-P 1 primary_doc.xml NPORT-P false 0000935015 XXXXXXXX S000067908 C000217733 C000217731 C000217732 Artisan Partners Funds Inc. 811-08932 0000935015 549300VBCRY84OJ96193 875 E Wisconsin Ave Milwaukee 53202 414-390-6100 Artisan Select Equity Fund S000067908 549300ZH6NOG4ZB4X885 2024-09-30 2024-06-30 N 48875101.18 103776.85 48771324.33 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 337002.74000000 N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc., Class A 02079K305 16098.00000000 NS USD 2932250.70000000 6.012243342336 Long EC CORP US N 1 N N N Harley-Davidson, Inc. ZDNAWZWXIKMWI51R2A08 Harley-Davidson, Inc. 412822108 36541.00000000 NS USD 1225585.14000000 2.512921592424 Long EC CORP US N 1 N N N Danone SA 969500KMUQ2B6CBAF162 Danone SA N/A 34276.00000000 NS 2091866.42000000 4.289131879720 Long EC CORP FR N 2 N N N Southwest Airlines Co. UDTZ87G0STFETI6HGH41 Southwest Airlines Co. 844741108 29795.00000000 NS USD 852434.95000000 1.747819977641 Long EC CORP US N 1 N N N American Express Co. R4PP93JZOLY261QX3811 American Express Co. 025816109 13393.00000000 NS USD 3101149.15000000 6.358550219011 Long EC CORP US N 1 N N N Aramark 549300MR6PG2DWZUIL39 Aramark 03852U106 73385.00000000 NS USD 2496557.70000000 5.118904877603 Long EC CORP US N 1 N N N Progressive Corp. (The) 529900TACNVLY9DCR586 Progressive Corp. (The) 743315103 13239.00000000 NS USD 2749872.69000000 5.638298175775 Long EC CORP US N 1 N N N Citigroup, Inc. 6SHGI4ZSSLCXXQSBB395 Citigroup, Inc. 172967424 28709.00000000 NS USD 1821873.14000000 3.735541663114 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc., Class A 30303M102 5053.00000000 NS USD 2547823.66000000 5.224019841578 Long EC CORP US N 1 N N N Aon plc 635400FALWQYX5E6QC64 Aon plc, Class A N/A 2553.00000000 NS USD 749509.74000000 1.536783653707 Long EC CORP IE N 1 N N N Berkshire Hathaway, Inc. 5493000C01ZX7D35SD85 Berkshire Hathaway, Inc., Class B 084670702 6808.00000000 NS USD 2769494.40000000 5.678530238918 Long EC CORP US N 1 N N N Axalta Coating Systems Ltd. 529900AGLPA40GV6H619 Axalta Coating Systems Ltd. N/A 61642.00000000 NS USD 2106307.14000000 4.318740917815 Long EC CORP BM N 1 N N N Alibaba Group Holding Ltd. 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd. 01609W102 20269.00000000 NS USD 1459368.00000000 2.992266500957 Long EC CORP KY N 1 N N N Henry Schein, Inc. VGO3WGL8H45T73F4RR92 Henry Schein, Inc. 806407102 34057.00000000 NS USD 2183053.70000000 4.476100926086 Long EC CORP US N 1 N N N Charles Schwab Corp. (The) 549300VSGCJ7E698NM85 Charles Schwab Corp. (The) 808513105 31413.00000000 NS USD 2314823.97000000 4.746280733197 Long EC CORP US N 1 N N N BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class N/A BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class N/A 3495228.58000000 NS USD 3495228.58000000 7.166564837055 Long STIV RF US N 1 N N N Marsh & McLennan Cos., Inc. 549300XMP3KDCKJXIU47 Marsh & McLennan Cos., Inc. 571748102 7730.00000000 NS USD 1628865.60000000 3.339801865905 Long EC CORP US N 1 N N N Bank of New York Mellon Corp. (The) WFLLPEPC7FZXENRZV188 Bank of New York Mellon Corp. (The) 064058100 36195.00000000 NS USD 2167718.55000000 4.444657961987 Long EC CORP US N 1 N N N Elevance Health, Inc. 8MYN82XMYQH89CTMTH67 Elevance Health, Inc. 036752103 5201.00000000 NS USD 2818213.86000000 5.778423897065 Long EC CORP US N 1 N N N Heidelberg Materials AG LZ2C6E0W5W7LQMX5ZI37 Heidelberg Materials AG N/A 25273.00000000 NS 2618872.41000000 5.369697144740 Long EC CORP DE N 2 N N N Lam Research Corp. 549300I4GMO6D34U1T02 Lam Research Corp. 512807108 1584.00000000 NS USD 1686722.40000000 3.458430590457 Long EC CORP US N 1 N N N Samsung Electronics Co. Ltd. 9884007ER46L6N7EI764 Samsung Electronics Co. Ltd. N/A 44676.00000000 NS 2625420.55000000 5.383123353870 Long EC CORP KR N 2 N N N 2024-07-30 Artisan Partners Funds Inc. Shannon K. Jagodinski Shannon K. Jagodinski Chief Financial Officer, Vice President and Treasurer XXXX NPORT-EX 2 artisan_part-f.htm PART F

 

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
Held

      
            
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
Held

      
           
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  ISK181,500    1,294 
6.75%, 10/15/2026  ISK428,443    2,975 
         4,269 
           
INDIA - 1.8%          
International Bank for Reconstruction & Development          
6.50%, 4/17/2030  INR63,000    734 
Republic of India          
7.54%, 5/23/2036  INR88,000    1,093 
         1,827 
           
INDONESIA - 2.5%          
Republic of Indonesia          
6.88%, 4/15/2029  IDR15,900,000    967 
7.50%, 8/15/2032  IDR6,200,000    387 
7.13%, 6/15/2042  IDR21,250,000    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)  EUR186    181 
5.88%, 10/17/2031(1)  EUR380    366 
6.88%, 10/17/2040(1)  EUR600    537 
         1,084 
           
JAMAICA - 0.8%          
Jamaica Government Bond          
9.63%, 11/3/2030  JMD119,500    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)  PYG3,984,000    547 
7.90%, 2/9/2031(6)  PYG1,800,000    247 
         1,916 
           
PERU - 5.9%          
Bonos de la Tesoreria          
5.94%, 2/12/2029  PEN16,160    4,228 
7.30%, 8/12/2033(1)  PEN4,650    1,240 
5.40%, 8/12/2034  PEN3,100    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  RSD222,900    2,207 
4.50%, 8/20/2032  RSD236,330    1,990 
2.05%, 9/23/2036(1)  EUR100    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)  DOP22,700    385 
13.00%, 12/5/2025(1)  DOP64,500    1,109 
13.00%, 1/30/2026(1)  DOP37,570    648 
9.00%, 12/11/2026(1)  DOP30,750    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)  EGP13,025    262 
24.50%, 8/27/2024(10)  EGP75,500    1,513 
24.77%, 9/10/2024(10)  EGP15,000    298 
24.87%, 9/17/2024(10)  EGP112,800    2,228 
24.95%, 9/24/2024(10)  EGP75,200    1,479 
25.49%, 12/10/2024(10)  EGP20,500    383 
25.70%, 3/18/2025(10)  EGP29,500    519 
Federal Republic of Nigeria          
22.95%, 2/6/2025(10)  NGN557,039    323 
23.95%, 3/6/2025(10)  NGN1,420,000    806 
24.70%, 3/27/2025(10)  NGN633,000    353 
25.20%, 4/10/2025(10)  NGN420,000    232 
Nigeria OMO Bill          
26.87%, 5/27/2025(10)  NGN480,000    255 
Republic of Albania          
3.64%, 11/28/2024(10)  ALL11,800    124 
3.28%, 12/12/2024(10)  ALL23,000    242 
3.70%, 1/30/2025(10)  ALL16,000    167 
3.71%, 2/13/2025(10)  ALL22,000    230 
3.80%, 4/17/2025(10)  ALL30,500    316 
3.76%, 5/1/2025(10)  ALL28,000    290 
           
Republic of Armenia          
8.08%, 9/30/2024(10)  AMD91,000    230 
8.39%, 12/2/2024(10)  AMD78,000    194 
8.91%, 2/3/2025(10)  AMD72,000    176 
Republic of Iceland          
8.94%, 8/21/2024(10)  ISK64,000    455 
9.23%, 10/16/2024(10)  ISK168,000    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  EUR8,242    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
Held

     
         
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
Held

   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
Held

   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
Held 

  

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
Total Investments 

 
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
Held

  

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
Total Investments

 
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
Held

  

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
Held 

    
         
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
Total Investments 

 
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
Quoted Prices

 

 

Level 2 - Other

Significant
Observable

Inputs

 

 

Level 3 -

Significant
Unobservable

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
Value from an
Increase in

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).