Artisan High Income Fund

Frequently Asked Questions About APDFX

What does APDFX invest in?

The Fund seeks total return through a combination of current income and capital appreciation. The Fund employs a fundamental investment process to construct a diversified portfolio of attractively valued high yield corporate bonds (often referred to as junk bonds) and secured and unsecured loans and assignments.

What is the expense ratio of APDFX?

Artisan High Income Fund (APDFX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

What is APDFX's dividend yield?

APDFX's trailing-twelve-month yield is 7.25%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of APDFX?

Effective duration measures APDFX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. APDFX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of APDFX?

APDFX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of APDFX?

Yield to maturity (YTM) is the total return you'd earn from APDFX if every bond in the portfolio is held to maturity at the current price. APDFX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.