# Artisan Global Discovery Fund - Investor Shares (APFDX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/apfdx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Artisan Partners · Asset class: Equity - Strategy: Thematic · Inception: 2017-08-21 The Artisan Global Discovery Fund seeks to achieve substantial long-term capital appreciation for its investors. The fund's management team utilizes a rigorous fundamental investment process to construct a diversified portfolio. This portfolio primarily consists of growth-oriented companies located in both the United States and internationally, covering a broad spectrum of market capitalizations. The team specifically targets businesses that, in their assessment, possess strong competitive advantages (franchise characteristics), are experiencing an acceleration in their profitability, and w... ## Key Facts | Metric | Value | |---|---| | Price | $20.04 | | Expense Ratio | 1.41% | | Assets Under Management | $161.9M | | NAV | $20.04 | | Holdings Count | — | | Distribution Yield (TTM) | 19.24% | | Annual Distribution (TTM) | $3.86 /share | | Distribution Frequency | Annual | | 52-Week Range | $17.85 – $23.85 | | Beta | 1.07 | ## Latest Distribution - Amount: $3.8564 /share - Ex-date: 2025-12-10 - Pay date: 2025-12-10 ## Frequently Asked Questions ### What does APFDX invest in? The Artisan Global Discovery Fund seeks to achieve substantial long-term capital appreciation for its investors. The fund's management team utilizes a rigorous fundamental investment process to construct a diversified portfolio. This portfolio primarily consists of growth-oriented companies located in both the United States and internationally, covering a broad spectrum of market capitalizations. The team specifically targets businesses that, in their assessment, possess strong competitive advantages (franchise characteristics), are experiencing an acceleration in their profitability, and whose shares are trading below the advisor's estimated private market value. The fund allocates its capital mainly to common stocks and other equity securities issued by domestic and foreign entities, including depositary receipts. ### What is the expense ratio of APFDX? Artisan Global Discovery Fund - Investor Shares (APFDX) charges an expense ratio of 1.41%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is APFDX? Artisan Global Discovery Fund - Investor Shares (APFDX) manages $161.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is APFDX actively managed or an index fund? APFDX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was APFDX launched? Artisan Global Discovery Fund - Investor Shares (APFDX) launched in August 2017 and is managed by Artisan Partners. ### How has APFDX performed? APFDX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does APFDX pay a dividend? Artisan Global Discovery Fund - Investor Shares (APFDX) currently distributes little or no income. Trailing-twelve-month yield is 19.24%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does APFDX pay dividends? Artisan Global Discovery Fund - Investor Shares pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is APFDX's dividend yield? APFDX's trailing-twelve-month yield is 19.24%, calculated from the sum of dividends over the past year divided by the current price. ### When is APFDX's next ex-dividend date? The most recently announced ex-dividend date for APFDX was 2025-12-10. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will APFDX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.41% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does APFDX charge its expense ratio? The expense ratio is deducted in tiny daily slices from APFDX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does APFDX cost more than a fund like VOO? APFDX's strategy (current expense ratio 1.41%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where APFDX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to APFDX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as APFDX (1.41%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/apfdx - Distribution history: https://www.dividenddata.com/funds/apfdx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/apfdx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/apfdx/expenses - Peer comparison: https://www.dividenddata.com/funds/apfdx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.