APDDX Fees and Costs — Artisan Global Discovery Fund, Advisor Shares
Data updated: 2026-08-28
The net expense ratio is 1.31%: a 0.97% management fee plus 0.47% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $149K in broker commissions, 0.0630% of average net assets, and portfolio turnover was 67%.
APDDX Fees and Expenses
Annual operating expenses and sales charges of APDDX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
APDDX Costs Over Time
On $10,000 invested in APDDX, assuming 5% a year before costs, total costs come to $852 over 5 years, cutting the return by 1.44% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.31%) | $138 | $428 | $738 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $470 | $852 |
| Value after costs | $10,356 | $11,106 | $11,910 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
APDDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0630%
- Total broker commissions: $149K
- Bought from dealers (principal trades, not a cost): $176.3M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $383K
- Net income from securities lending: $11K (0.005% of average net assets)
APDDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $24K | 23.77% |
| Jefferies LLC | $20K | 19.70% |
| Goldman Sachs & Co. LLC | $15K | 14.90% |
| Berenberg Capital Markets LLC | $7K | 6.98% |
| Morgan Stanley & Co. LLC | $6K | 6.31% |
| J.P. Morgan Securities LLC | $6K | 6.03% |
| Liquidnet, Inc. | $6K | 5.86% |
| UBS Securities LLC | $6K | 5.76% |
| Barclays Capital, Inc. | $5K | 5.36% |
| Citigroup Global Markets Inc. | $5K | 5.33% |
APDDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $175.4M | 99.50% |
| Goldman Sachs & Co. LLC | $657K | 0.37% |
| Jefferies LLC | $208K | 0.12% |
| Morgan Stanley & Co. LLC | $19K | 0.01% |
Artisan Global Discovery Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APHDX | Institutional Shares | 1.10% | none |
| APDDX | Advisor Shares | 1.31% | none |
| APFDX | Investor Shares | 1.41% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.