Morningstar

Artisan Global Discovery Fund Institutional Shares APHDX

Morningstar Medalist Rating
Medalist Rating as of | See Artisan Partners Investment Hub
  • NAV / 1-Day Return 20.66  /  +0.10 %
  • Total Assets 108.6M
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.090%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Global Small/Mid Stock
  • Investment Style Mid Growth
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 0.00
  • Turnover 67%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis APHDX

Will APHDX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable APHDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the APHDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of APHDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Continued patience is warranted.

Principal Jack Shannon

Jack Shannon

Principal

Summary

Artisan Global Discovery remains mired in a multiyear performance rut, but a thoughtful investment process and experienced leadership are reasons to remain optimistic. The team is sticking to its core investment philosophy, but the managers have made changes to the analyst team, showing that they're not just hoping things will turn around.

by Jack Shannon
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings APHDX

More APHDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 30.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ascendis Pharma AS

4.33 5M
Healthcare

BlackRock Liquidity T-Fund Instl

4.11 5M
Cash and Equivalents

argenx SE ADR

3.75 5M
Healthcare

West Pharmaceutical Services Inc

3.33 4M
Healthcare

RBC Bearings Inc

3.20 4M
Industrials

Modine Manufacturing Co

2.97 4M
Consumer Cyclical

Spotify Technology SA

2.75 3M
Communication Services

Lattice Semiconductor Corp

2.64 3M
Technology

Woodward Inc

2.61 3M
Industrials

US Foods Holding Corp

2.41 3M
Consumer Defensive

Sponsor Center