ARTNX Fees and Costs — Artisan Select Equity Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 1.26%: a 0.75% management fee plus 1.51% other expenses, less a 1.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0187% of average net assets, and portfolio turnover was 26%.
ARTNX Fees and Expenses
Annual operating expenses and sales charges of ARTNX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.51% |
| Gross expense ratio | 2.27% |
| Fee waiver | −1.01% |
| Net expense ratio | 1.26% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
ARTNX Costs Over Time
On $10,000 invested in ARTNX, assuming 5% a year before costs, total costs come to $795 over 5 years, cutting the return by 1.34% 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 1.26%) | $132 | $412 | $712 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $795 |
| Value after costs | $10,366 | $11,138 | $11,967 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
ARTNX 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): 0.0187%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $33.5M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
ARTNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $5K | 50.80% |
| REDBURN (USA) LLC | $1K | 13.26% |
| Goldman Sachs & Co. LLC | $716 | 7.08% |
| BofA Securities, Inc. | $703 | 6.95% |
| J.P. Morgan Securities LLC | $523 | 5.17% |
| Morgan Stanley & Co. LLC | $413 | 4.08% |
| Jefferies LLC | $407 | 4.02% |
| Cowen and Company | $349 | 3.45% |
| William Blair & Company, L.L.C. | $265 | 2.62% |
| RBC Capital Markets, LLC | $260 | 2.57% |
ARTNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $33.5M | 100.00% |
Artisan Select Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APHNX | Institutional Shares | 1.09% | none |
| APDNX | Advisor Shares | 1.16% | none |
| ARTNX | Investor Shares | 1.26% | 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.