APDGX Fees and Costs — Artisan Global Value Fund, Advisor Shares
Data updated: 2026-08-28
The net expense ratio is 1.11%: a 0.98% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $518K in broker commissions, 0.0199% of average net assets, and portfolio turnover was 17%.
APDGX Fees and Expenses
Annual operating expenses and sales charges of APDGX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
APDGX Costs Over Time
On $10,000 invested in APDGX, assuming 5% a year before costs, total costs come to $705 over 5 years, cutting the return by 1.19% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $388 | $705 |
| Value after costs | $10,381 | $11,188 | $12,058 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
APDGX 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): 0.0199%
- Total broker commissions: $518K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $399K (0.015% of average net assets)
APDGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $153K | 34.05% |
| Morgan Stanley & Co. LLC | $62K | 13.71% |
| Jefferies LLC | $47K | 10.42% |
| Citigroup Global Markets Inc. | $42K | 9.32% |
| Goldman Sachs & Co. LLC | $42K | 9.25% |
| J.P. Morgan Securities LLC | $32K | 7.21% |
| UBS Securities LLC | $31K | 6.97% |
| REDBURN (USA) LLC | $18K | 3.96% |
| Instinet, LLC | $14K | 3.10% |
| Liquidnet, Inc. | $9K | 2.02% |
APDGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.2B | 96.30% |
| HSBC Securities (USA) Inc. | $47.9M | 3.70% |
Artisan Global Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APHGX | Institutional Shares | 1.02% | none |
| APDGX | Advisor Shares | 1.11% | none |
| ARTGX | Investor Shares | 1.26% | 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.