APHRX Fees and Costs — Artisan Global Opportunities Fund, Institutional Shares
Data updated: 2026-08-28
The net expense ratio is 0.95%: a 0.89% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.0467% of average net assets, and portfolio turnover was 69%.
APHRX Fees and Expenses
Annual operating expenses and sales charges of APHRX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
APHRX Costs Over Time
On $10,000 invested in APHRX, assuming 5% a year before costs, total costs come to $623 over 5 years, cutting the return by 1.05% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $343 | $623 |
| Value after costs | $10,395 | $11,234 | $12,139 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
APHRX 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): 0.0467%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
APHRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $119K | 16.88% |
| Goldman Sachs & Co. LLC | $116K | 16.57% |
| Jefferies LLC | $85K | 12.09% |
| J.P. Morgan Securities LLC | $78K | 11.10% |
| Sanford C. Bernstein & Co., LLC | $72K | 10.20% |
| Citigroup Global Markets Inc. | $61K | 8.74% |
| Morgan Stanley & Co. LLC | $57K | 8.17% |
| ROBERT W. BAIRD & CO. INCORPORATED | $47K | 6.62% |
| UBS Securities LLC | $35K | 4.93% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $33K | 4.71% |
APHRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.0B | 100.00% |
Artisan Global Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APHRX | Institutional Shares | 0.95% | none |
| APDRX | Advisor Shares | 1.06% | none |
| ARTRX | Investor Shares | 1.19% | 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.