ARTFX Fees and Costs — Artisan High Income Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 0.95%: a 0.67% management fee plus 0.27% other expenses. This share class carries a redemption fee of 2.00%. Portfolio turnover was 30%.
ARTFX Fees and Expenses
Annual operating expenses and sales charges of ARTFX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ARTFX Costs Over Time
On $10,000 invested in ARTFX, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
ARTFX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $10.6B
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $42.7M
- Net income from securities lending: $524K (0.006% of average net assets)
ARTFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.5B | 64.33% |
| BofA Securities, Inc. | $816.3M | 8.08% |
| Morgan Stanley & Co. LLC | $667.4M | 6.61% |
| Goldman Sachs & Co. LLC | $517.5M | 5.13% |
| Barclays Capital, Inc. | $413.0M | 4.09% |
| Jefferies LLC | $388.2M | 3.84% |
| Deutsche Bank Securities Inc. | $291.0M | 2.88% |
| Citigroup Global Markets Inc. | $250.1M | 2.48% |
| UBS Securities LLC | $143.9M | 1.43% |
| Wells Fargo Securities, LLC | $114.4M | 1.13% |
Artisan High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APHFX | Institutional Shares | 0.70% | none |
| APDFX | Advisor Shares | 0.80% | none |
| ARTFX | Investor Shares | 0.95% | 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.