ARTBX Fees and Costs — Artisan International Explorer Fund
Data updated: 2026-08-28
The net expense ratio is 1.52% (1.72% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $167K in broker commissions, 0.0596% of average net assets, and portfolio turnover was 27%.
ARTBX Fees and Expenses
Annual operating expenses and sales charges of ARTBX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.65% |
| Gross expense ratio | 1.72% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.52% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
ARTBX Costs Over Time
On $10,000 invested in ARTBX, assuming 5% a year before costs, total costs come to $977 over 5 years, cutting the return by 1.66% 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 1.52%) | $160 | $495 | $853 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $166 | $540 | $977 |
| Value after costs | $10,334 | $11,036 | $11,786 |
| Impact on return, per year | 1.66% | 1.66% | 1.66% |
ARTBX 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): 0.0596%
- Total broker commissions: $167K
- Bought from dealers (principal trades, not a cost): $363.5M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
ARTBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $30K | 26.77% |
| J.P. Morgan Securities LLC | $17K | 14.60% |
| UBS Securities LLC | $13K | 11.58% |
| Morgan Stanley & Co. LLC | $12K | 10.50% |
| Jefferies LLC | $10K | 8.83% |
| Deutsche Bank Securities Inc. | $8K | 7.17% |
| Auerbach Grayson & Company LLC | $7K | 5.74% |
| Davy Securities | $6K | 5.33% |
| Citigroup Global Markets Inc. | $6K | 4.88% |
| RBC Capital Markets, LLC | $5K | 4.60% |
ARTBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $363.5M | 100.00% |
| Goldman Sachs & Co. LLC | $12 | 0.00% |
| Citigroup Global Markets Inc. | $2 | 0.00% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2 | 0.00% |
Artisan International Explorer Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ARHBX | Institutional Shares | 1.22% | none |
| ARDBX | Advisor Shares | 1.27% | none |
| ARTBX | C000235882 | 1.52% | 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.