APHJX Fees and Costs — Artisan International Small-Mid Fund, Institutional Shares
Data updated: 2026-08-28
The net expense ratio is 1.08%: a 1.03% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.9M in broker commissions, 0.0744% of average net assets, and portfolio turnover was 34%.
APHJX Fees and Expenses
Annual operating expenses and sales charges of APHJX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.08% |
| Fee waiver | — |
| Net expense ratio | 1.08% |
| 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 |
APHJX Costs Over Time
On $10,000 invested in APHJX, assuming 5% a year before costs, total costs come to $720 over 5 years, cutting the return by 1.21% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $396 | $720 |
| Value after costs | $10,379 | $11,180 | $12,043 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
APHJX 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): 0.0744%
- Total broker commissions: $2.9M
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
APHJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $346K | 20.28% |
| Goldman Sachs & Co. LLC | $321K | 18.83% |
| J.P. Morgan Securities LLC | $268K | 15.72% |
| Morgan Stanley & Co. LLC | $180K | 10.53% |
| SMBC Nikko Securities America, Inc. | $141K | 8.28% |
| Daiwa Capital Markets America Inc. | $102K | 5.99% |
| RBC Capital Markets, LLC | $101K | 5.93% |
| Citigroup Global Markets Inc. | $84K | 4.93% |
| Instinet, LLC | $83K | 4.88% |
| UBS Securities LLC | $79K | 4.64% |
APHJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.9B | 99.80% |
| Jefferies LLC | $2.3M | 0.12% |
| Leerink Partners LLC | $1.5M | 0.08% |
Artisan International Small-Mid Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APHJX | Institutional Shares | 1.08% | none |
| APDJX | Advisor Shares | 1.16% | none |
| ARTJX | Investor Shares | 1.33% | 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.