APDPX Fees and Costs — Artisan Global Unconstrained Fund, Advisor Shares
Data updated: 2026-08-28
The net expense ratio is 1.59% (1.83% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $99K in broker commissions, 0.0353% of average net assets, and portfolio turnover was 86%.
APDPX Fees and Expenses
Annual operating expenses and sales charges of APDPX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.86% |
| Gross expense ratio | 1.83% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.59% |
| 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 |
APDPX Costs Over Time
On $10,000 invested in APDPX, assuming 5% a year before costs, total costs come to $1,004 over 5 years, cutting the return by 1.71% 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 1.59%) | $167 | $518 | $892 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $26 | $93 |
| Total costs | $171 | $555 | $1,004 |
| Value after costs | $10,329 | $11,021 | $11,759 |
| Impact on return, per year | 1.71% | 1.71% | 1.71% |
APDPX 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): 0.0353%
- Total broker commissions: $99K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $0
- Net income from securities lending: $370 (0.000% of average net assets)
APDPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $50K | 50.82% |
| Goldman Sachs & Co. LLC | $48K | 49.18% |
APDPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $852.8M | 59.73% |
| Federal Reserve Bank of New York | $115.1M | 8.06% |
| Morgan Stanley & Co. LLC | $98.5M | 6.90% |
| HSBC Securities (USA) Inc. | $90.5M | 6.34% |
| Citigroup Global Markets Inc. | $75.7M | 5.30% |
| RBC Capital Markets, LLC | $48.2M | 3.37% |
| Tullett Prebon Financial Services LLC | $46.9M | 3.29% |
| Banco de Credito del Peru | $35.2M | 2.47% |
| Jefferies LLC | $34.4M | 2.41% |
| Tradition Securities and Derivatives Inc. | $30.6M | 2.14% |
Artisan Global Unconstrained Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APHPX | Institutional Shares | 1.54% | none |
| APDPX | Advisor Shares | 1.59% | none |
| APFPX | Investor Shares | 1.69% | 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.