APDYX Fees and Costs — Artisan Developing World Fund, Advisor Shares
Data updated: 2026-08-28
The net expense ratio is 1.13%: a 1.02% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5.1M in broker commissions, 0.1311% of average net assets, and portfolio turnover was 78%.
APDYX Fees and Expenses
Annual operating expenses and sales charges of APDYX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.02% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.13% |
| Fee waiver | — |
| Net expense ratio | 1.13% |
| 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 |
APDYX Costs Over Time
On $10,000 invested in APDYX, assuming 5% a year before costs, total costs come to $785 over 5 years, cutting the return by 1.32% 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 1.13%) | $119 | $369 | $638 |
| Trading costs (broker commissions) | $14 | $43 | $74 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $432 | $785 |
| Value after costs | $10,368 | $11,144 | $11,978 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
APDYX 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): 0.1311%
- Total broker commissions: $5.1M
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 78%
- Securities lending: none during the year
APDYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $646K | 16.60% |
| Jefferies LLC | $531K | 13.64% |
| Morgan Stanley & Co. LLC | $517K | 13.29% |
| BofA Securities, Inc. | $430K | 11.06% |
| J.P. Morgan Securities LLC | $423K | 10.88% |
| Sanford C. Bernstein & Co., LLC | $327K | 8.40% |
| UBS Securities LLC | $306K | 7.85% |
| HSBC Securities (USA) Inc. | $277K | 7.11% |
| Citigroup Global Markets Inc. | $226K | 5.82% |
| Barclays Capital, Inc. | $208K | 5.36% |
APDYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.3B | 100.00% |
Artisan Developing World Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APHYX | Institutional Shares | 1.05% | none |
| APDYX | Advisor Shares | 1.13% | none |
| ARTYX | Investor Shares | 1.30% | 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.