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David Samra is the lead portfolio manager for Artisan International Value Strategy. This recording represents the views of Alex Shahidi of The Insightful Investor podcast and Evoke Advisors LLC, and David Samra as of 30 April 2024. Those views and opinions presented are their own and Artisan Partners is not responsible for and cannot guarantee the accuracy or completeness of any statement in the discussion. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. This material is provided for informational purposes without regard to your particular investment needs. This material shall not be construed as investment or tax advice on which you may rely for your investment decisions. Investors should consult their financial and tax adviser before making investments in order to determine the appropriateness of any investment product discussed herein.
Investment Risks: Current and future portfolio holdings are subject to risk. The value of portfolio securities selected by the investment team may rise or fall in response to company, market, economic, political, regulatory or other news, at times greater than the market or benchmark index. 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 and less developed markets, including frontier 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. Value securities may underperform other asset types during a given period. Investments will rise and fall with market fluctuations and investor capital is at risk. Investors investing in strategies denominated in non-local currency should be aware of the risk of currency exchange fluctuations that may cause a loss of principal. These risks, among others, are further described in Artisan Partners’ Form ADV, which is available upon request.
Correction: Ryanair passenger traffic is up by 25% in March 2024 FYE.
For the purpose of determining the portfolio’s holdings, securities of the same issuer are aggregated to determine the weight in the Strategy. The holdings mentioned comprised the following percentages of a representative account in the Artisan International Value Strategy composite’s total net assets as of 31 Mar 2024: UBS Group AG 4.8%, Safran SA 3.6%, Ryanair Holdings PLC 2.4%. The discussion of portfolio holdings does not constitute a recommendation of any individual security. Portfolio holdings are subject to change without notice and are not intended as recommendations of individual securities.
Artisan Partners and its affiliates are not affiliated with Alex Shahidi or Evoke Advisors LLC. Evoke Advisors LLC and its clients are invested in the Artisan International Value, Artisan Mid Cap, and Artisan International Small-Mid Funds.
