6 July 2020
San Francisco, California. The Artisan Developing World Strategy recently marked its five-year anniversary. The Strategy is managed by founding portfolio manager Lewis Kaufman. Since inception through June 30, 2020, Artisan Developing World Strategy has returned 113.89% cumulatively versus 15.14% for the MSCI Emerging Markets Index. Lewis Kaufman is AAA-rated by Citywire in the Equity US – Diversified Emerging Markets category. Total Strategy assets were $5.4 billion as of June 30, 2020. The Artisan Developing World Strategy is also offered in a commingled vehicle for investors outside of the US.
Average Annual Returns (%) as of 30-Jun-20
| Investment Results as of 30 June 2020 (%) | 1 Yr | 3 Yr | 5 Yr | ITD |
|---|---|---|---|---|
| Artisan Developing World Composite (Gross) | 39.32 | 20.48 | 16.40 | 16.40 |
| Artisan Developing World Composite (Net) | 37.90 | 19.24 | 15.20 | 15.20 |
| MSCI Emerging Markets Index | -3.39 | 1.89 | 2.86 | 2.86 |
| Annual Returns (%) 12 months ended 30 June 2020 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Developing World Composite (Gross) | -4.06 | 27.40 | 4.63 | 20.05 | 39.32 |
Source: Artisan Partners/MSCI. Composite inception: 1 Jul 2015.
Past performance does not guarantee and is not a reliable indicator of future results. Current performance may be lower or higher than the performance shown. Composite performance has been presented in both gross and net of investment management fees.
International investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging markets. Such risks include new and rapidly changing political and economic structures, which may cause instability; underdeveloped securities markets; and higher likelihood of high levels of inflation, deflation or currency devaluations. Securities of small- and medium-sized companies tend to have a shorter history of operations, be more volatile and less liquid and may have underperformed securities of large companies during some periods.
Net-of-fees composite returns were calculated using the highest model investment advisory fees applicable to portfolios within the composite. Fees may be higher for certain pooled vehicles and the composite may include accounts with performance-based fees. All performance results are net of commissions and transaction costs, and have been presented gross and net of investment advisory fees. Dividend income is recorded net of foreign withholding taxes on ex-dividend date or as soon after the ex-dividend date as the information becomes available to Artisan Partners. Interest income is recorded on the accrual basis. Performance results for the Index include reinvested dividends and are presented net of foreign withholding taxes but, unlike the portfolio's returns, do not reflect the payment of sales commissions or other expenses incurred in the purchase or sale of the securities included in the indices.
MSCI Emerging Markets Index measures the performance of emerging markets. The index is unmanaged; includes net reinvested dividends; does not reflect fees or expenses; and is not available for direct investment. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.
Citywire Manager Ratings are assigned by Citywire based on a review of a manager’s relative 3-year performance record of one or multiple funds under management and range from Citywire+, the lowest rating, to A, AA and AAA, the highest rating. Past performance is not a reliable indicator of future results and ratings are not indicative of the current performance of any product under management. Manager personal performance quotations contained herein are prepared by Citywire and are not independently verified by Artisan Partners.
Artisan Partners Limited Partnership (APLP) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Artisan Partners UK LLP (APUK) is authorized and regulated by the Financial Conduct Authority and is a registered investment adviser with the SEC. APEL Financial Distribution Services Limited (AP Europe) is authorized and regulated by the Central Bank of Ireland. APLP, APUK and AP Europe are collectively, with their parent company and affiliates, referred to as Artisan Partners herein.
This announcement is for information purposes only and does not constitute an offer, an invitation or a solicitation for investment or subscription for shares of funds or investment services in any country. Any person who is in possession of this material is hereby notified that no action has or will be taken that would allow an offering of any Artisan Partners product or service unless in compliance with local regulations. Neither this announcement nor any other material relative to this announcement have been submitted to any local regulatory authority for prior review or approval. This material is intended for the recipient’s information and use only and may not be distributed or made available (in whole or in part) in any local jurisdiction, directly or indirectly, except as permitted by local law and regulation.
