APHKX Fees and Costs — Artisan International Value Fund, Institutional Shares
Data updated: 2026-08-28
The net expense ratio is 0.97%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14.6M in broker commissions, 0.0389% of average net assets, and portfolio turnover was 25%.
APHKX Fees and Expenses
Annual operating expenses and sales charges of APHKX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.93% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| 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 |
APHKX Costs Over Time
On $10,000 invested in APHKX, assuming 5% a year before costs, total costs come to $631 over 5 years, cutting the return by 1.06% 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 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $631 |
| Value after costs | $10,394 | $11,229 | $12,132 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
APHKX 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): 0.0389%
- Total broker commissions: $14.6M
- Bought from dealers (principal trades, not a cost): $13.7B
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $29.5M
- Net income from securities lending: $7.0M (0.019% of average net assets)
APHKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $4.6M | 39.64% |
| Morgan Stanley & Co. LLC | $2.0M | 16.76% |
| Goldman Sachs & Co. LLC | $1.3M | 11.39% |
| J.P. Morgan Securities LLC | $866K | 7.44% |
| Citigroup Global Markets Inc. | $680K | 5.84% |
| Barclays Capital, Inc. | $512K | 4.39% |
| Jefferies LLC | $478K | 4.10% |
| Sanford C. Bernstein & Co., LLC | $429K | 3.68% |
| Liquidnet, Inc. | $396K | 3.40% |
| REDBURN (USA) LLC | $391K | 3.35% |
APHKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12.3B | 89.98% |
| HSBC Securities (USA) Inc. | $1.4B | 10.02% |
Artisan International 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 |
|---|---|---|---|
| APHKX | Institutional Shares | 0.97% | none |
| APDKX | Advisor Shares | 1.07% | none |
| ARTKX | Investor Shares | 1.20% | 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.