APHSX Performance — Artisan Small Cap Fund, Institutional Shares
Data updated: 2026-08-28
APHSX returned +22.73% year to date and +38.00% over one year to Jun 2026. Annualised returns are +15.48% over 3 years and +1.77% over 5 years. The fund beat its US Mid-Cap Growth category average: $100 invested three years ago grew to $154, against $152 for the category, and to $138 over one year, against $118. Volatility over the past three years was 20.32% a year. In the 12 months to Jun 2026 the fund lost a net $406.8M, and assets reached $958.24M.
APHSX Growth of $100
What $100 invested in Artisan Small Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | APHSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $138 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $154 | $152 |
| 5 years (Jul 2021 – Jun 2026) | $109 | $129 |
| Since data start (Jul 2019 – Jun 2026) | $187 | $203 |
APHSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.73% |
| 1 year | +38.00% |
| 3 years (annualised) | +15.48% |
| 5 years (annualised) | +1.77% |
APHSX Annual Returns
Calendar-year total returns of Artisan Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +22.73% |
| 2025 | +8.57% |
| 2024 | +14.93% |
| 2023 | +9.53% |
| 2022 | −29.28% |
| 2021 | −8.68% |
| 2020 | +61.31% |
| 2019 (Jul–Dec) | +6.92% |
APHSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.8% | +2.4% | −9.3% | +8.2% | +7.0% | +8.9% | — | — | — | — | — | — |
| 2025 | +5.1% | −6.2% | −8.8% | +0.3% | +1.1% | +5.9% | +2.3% | +4.6% | +1.6% | +2.5% | +3.5% | −2.5% |
| 2024 | −2.7% | +9.9% | +2.4% | −6.7% | +0.9% | +1.6% | +3.0% | +2.2% | +3.7% | −1.8% | +9.7% | −6.5% |
| 2023 | +8.4% | −0.9% | +0.2% | −6.3% | +1.6% | +6.2% | +4.3% | −4.8% | −7.4% | −9.9% | +11.2% | +9.0% |
| 2022 | −16.4% | −2.1% | +0.1% | −14.8% | −1.8% | −6.2% | +14.0% | −2.9% | −6.7% | +5.6% | +8.3% | −7.0% |
| 2021 | +0.3% | +2.4% | −7.5% | +5.0% | −6.7% | +6.6% | −0.3% | +3.2% | −3.9% | +3.8% | −9.9% | −0.5% |
| 2020 | +2.2% | −4.5% | −12.9% | +16.0% | +13.0% | +4.8% | +6.4% | +3.8% | −1.7% | +2.0% | +16.0% | +7.5% |
| 2019 | — | — | — | — | — | — | +3.4% | −2.5% | −3.7% | +1.8% | +7.9% | +0.3% |
APHSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 20.32%
- 3-year Sharpe ratio: 0.54 (vs 4.5% risk-free rate)
- Best month: +11.24% (Nov 2023)
- Worst month: −9.90% (Oct 2023)
APHSX Fund Flows
Monthly money in and out of Artisan Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$406.8M
- 12-month gross sales (incl. reinvestments): $332.3M
- Sales ÷ redemptions: 0.45×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $8.9M | $137.4M | −$128.4M |
| May 2026 | $11.7M | $29.6M | −$17.9M |
| Apr 2026 | $8.7M | $16.3M | −$7.6M |
| Mar 2026 | $12.0M | $20.0M | −$8.0M |
| Feb 2026 | $9.2M | $16.8M | −$7.6M |
| Jan 2026 | $21.9M | $62.0M | −$40.2M |
| Dec 2025 | $89.0M | $47.0M | $42.0M |
| Nov 2025 | $43.6M | $148.9M | −$105.3M |
| Oct 2025 | $32.2M | $82.0M | −$49.7M |
| Sep 2025 | $49.7M | $90.6M | −$40.9M |
| Aug 2025 | $12.8M | $30.4M | −$17.6M |
| Jul 2025 | $32.5M | $58.1M | −$25.6M |
APHSX Assets Under Management
Net assets of Artisan Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $958.24M |
| 2026-03-31 | $890.46M |
| 2025-12-31 | $967.64M |
| 2025-09-30 | $1.12B |
| 2025-06-30 | $1.11B |
| 2025-03-31 | $1.09B |
| 2024-12-31 | $1.30B |
| 2024-09-30 | $1.40B |
| 2024-06-30 | $1.52B |
| 2024-03-31 | $1.72B |
| 2023-12-31 | $1.69B |
| 2023-09-30 | $1.62B |
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.