APHSX – Artisan Small Cap Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital growth. The fund’s investment team employs a fundamental investment process to construct a diversified portfolio of U.S. small-cap growth companies. It invests primarily in U.S. companies and, under normal circumstances, the fund invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in the common stocks of small companies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ARTSX	Artisan Small Cap Fund Investor Shares	No Load	Open			Mar 28, 1995	$462.16M	1.250%	Above Average	$1,000	−$69.38M
APHSX	Artisan Small Cap Fund Institutional Shares	Institutional	Open			May 7, 2012	$266.67M	1.020%	Above Average	$1M	−$274.78M
APDSX	Artisan Small Cap Fund Advisor Shares	Institutional	Open			Feb 1, 2017	$161.69M	1.100%	High	$250,000	−$111.55M

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