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This Peak Insights replay represents the views and opinions of Noel Culhane as of 10 Jun 2021, which are based on current market conditions, will fluctuate, and are subject to change without notice. While the information contained herein is believed to be reliable, there no guarantee to the accuracy or completeness of any statement in the discussion. This material is for informational purposes only and should not be considered as investment advice or a recommendation of any investment service, product or individual security. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.

Non-diversified portfolios may invest larger portions of assets in securities of a smaller number of issuers and performance of a single issuer may have a greater impact to the portfolio’s returns. Use of derivatives may create investment leverage and increase the likelihood of volatility and risk of loss in excess of the amount invested. High portfolio turnover may adversely affect returns due to increased transaction costs and creation of additional tax consequences. 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. 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.

Investments will rise and fall with market fluctuations and investor capital is at risk. Past performance does not guarantee future results.

For the purpose of determining the Fund’s holdings, exposures are delta-adjusted at the issuer level and may include multiple securities of the same issuer. The holdings mentioned comprised the following percentages of Artisan Focus Fund’s total net assets as of 31 May 2021: American Tower Corp 2.0%, Analog Devices Inc 9.1%, Facebook Inc 7.6%, Microsoft Corp 0.4%, SBA communications Crop 1.0%. Securities named, but not listed here are not held in the Fund as of 31 May 2021. Portfolio holdings are subject to change without notice. The discussion of portfolio holdings does not constitute a recommendation of any individual security. This is not a research report and should not be considered a recommendation of any individual securities product or service.