(PUB) Investing 2015

4

Data through October 31, 2015 FINRA members: For internal or institutional use only. Artisan Global Opportunities Inv

Ticker ARTRX

Yield 0.3%

Total Assets $1,356 mil

Mstar Category World Stock

Benchmark 1: MSCI ACWI NR USD Benchmark 2: MSCI ACWI Ex USA NR USD Morningstar Analyst Rating 10-15-15 „

Investment Style Equity

Historical Profile Return Risk Rating High Above Avg QQQQQ Highest

7 7 7 7 7 7 7 7

20.0

Growth of $10,000

Investment Values of Fund Investment Values of Benchmark 1

15.0

Morningstar Pillars Process

∞ Positive ∞ Positive ∞ Positive ∞ Positive ¶ Neutral

10.0

Performance

People Parent

Performance Quartile (within Category)

& & ) & ( ( &

Price

History

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 10-15

Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ ‰ Á

. . .

6.54 9.67 12.27 11.35 14.73 18.31 18.26 19.71 47.86 28.23 -6.56 29.78 24.30 2.35 7.94 13.23 15.56 0.79 13.65 1.50 -1.81 7.68 6.41 17.08 7.15 12.95 9.02 6.22 9.77 0.00 0.00 0.00 0.00 0.00 0.31 0.00 47.86 28.23 -6.56 29.78 24.30 2.05 7.94 0.00 0.00 0.00 0.00 0.00 0.06 0.00 0.00 0.13 0.11 0.00 0.00 0.43 0.00 48.41 1.47 1.50 1.40 1.34 1.28 1.20 1.18 -0.69 -0.59 -0.91 -0.73 -0.46 -0.29 0.07 -0.20 10 1 85 1 57 53 4

NAV

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total Return % +/- Bmark 1 +/- Bmark 2 Income Return % Capital Return % Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil Total Rtn % Rank Cat Income $

Pillar Spectrum ∞ Positive

§ Negative

¶ Neutral

Performance 10-31-15 1st Qtr 2nd Qtr

. . . . . . . . . . . .

3rd Qtr

4th Qtr

Total

2011 2012 2013 2014 2015

6.68 1.76 -18.24 5.28 -6.56 20.88 -4.81 9.26 3.22 29.78 5.77 0.64 10.27 5.90 24.30 -0.11 4.37 -0.89 -0.95 2.35

. .

3 7

101

80

76

43

42

45

56

103

125

267

613

695

Rating and Risk Time Period Load-Adj Return %

Portfolio Analysis 09-30-15 Total Stocks: 45 Share change since 06-30-15

5.20 4.58 -8.66

— —

Morningstar Rtn vs Cat

Morningstar Risk vs Cat

Morningstar Risk-Adj Rating

Sector

Country

% Assets

Trailing

Total Return%

+/- Bmark 1

+/- Bmark 2

%Rank Cat

Growth of $10,000

T IHS Inc Class A T Visa Inc Class A

Industrl

United States

4.97 4.63 4.32 4.10 3.66 3.29 3.26 2.95 2.95 2.77 2.76 2.70 2.24 2.10 2.06 2.05 2.04 2.04 2.04

1 Yr 3 Yr 5 Yr

4.87

3 Mo 6 Mo

-2.43 0.75 2.94 -0.56 4.22 9.14 4.87 4.90 9.55 13.38 3.46 8.69 12.44 4.76 9.84

26 9,757 11 9,945 13 10,487 15 14,574 3 17,973

Finan Svcs United States Hlth Care United States Technology United States Technology United States

+Avg QQQQ +Avg QQQQQ

13.38 12.44

+Avg

T Regeneron Pharmaceuticals

High

1 Yr

T Facebook Inc Class A T Alphabet Inc Class A T Tencent Holdings Ltd

10 Yr Incept

— — — —

3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg

10.75

Technology China

— — — — — — — — — —

T Markit Ltd

Industrl

United States

Other Measures

Standard Index

Best Fit Index

T Direct Line Insurance Gro

Finan Svcs United Kingdom 3.21

Alpha

8.9

3.4

T Electronic Arts Inc

Technology United States

Beta

0.84

1.55

Tax Analysis

Tax Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat

T Genmab A/S

Hlth Care Denmark

R-Squared

73

79

3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)

13.12 12.19

8 2

0.22 0.22

13 16

T Abbott Laboratories T McGraw Hill Financial Inc

Hlth Care United States

Standard Deviation

12.11 13.38

Industrl

United States

— — — —

Mean

T Illumina Inc

Hlth Care United States Technology United States Cnsmr Cyc United States Cnsmr Cyc United States Technology United States Cnsmr Cyc United States Basic Mat United States Industrl Japan

Sharpe Ratio

1.10

T Alphabet Inc Class C Capi

Potential Capital Gain Exposure: 24% of assets

Y Starbucks Corp Y Walt Disney Co

Morningstar's Take by Greg Carlson 10-15-15 Artisan Global Opportunities is down one manager, but the team behind it and its prudent approach to global investing earn the fund a Morningstar Analyst Rating of Silver. This team has managed Artisan Mid Cap ARTMX since that fund’s 1997 inception, this one since its 2008 launch, and Artisan Small Cap ARTSX since late 2009. (The other two also earn Silver ratings.) Andy Stephens, who had led the team and Artisan Mid Cap since 1997, relinquishedhisportfoliomanager title in2014onall three of the team’s charges and now researches stocks for the portfolios and mentors analysts. Despite Stephens’ reduced role, there’s plenty of reason forconfidence in this fund.JimHamel,whoserves as lead manager here, has worked on the team since its founding. He also works collaboratively with a deep, experienced crew. Matt Kamm, a comanager here, has worked on the team since 2003 and serves as the lead on Artisan Mid Cap. Craigh Cepukenas has worked on Artisan Small Cap since its 1995 launch as an analyst and manager (he joined this team in 2009) and became a comanager here in 2013. And Jason White, a 12-year veteran of the team, serves as an associate portfolio

T Fanuc Corp

manager and leads coverage of the tech sector. The managers are backed by eight analysts. The fund began as a large-growth vehicle in 2008, but the team gradually increased its stake in non-U.S. stocks as it grew more comfortable with overseas investingandhiredmoreanalystswith relevantexpertise, and the fund moved to the world-stock Morningstar Category in 2012. U.S. stocks have dramatically outperformed their non-U.S. counterparts since 2008, making performance comparisons tricky—the fund had a bigger foreign stake than most large-growth peers when it was in that category and has a below-average weighting compared with most world-stock funds even now (37% of assets at the end of June 2015, well below the 49% category norm). It posted respectable returns as a large-growth fund and has looked quite strong since the start of 2012 as a world-stock fund. Unlike this team’s other two charges, it’s open to new investors.

T Adobe Systems Inc T Chipotle Mexican Grill In T James Hardie Industries P

Current Investment Style

Sector Weightings h Cyclical r BasicMat t CnsmrCyc y FinanSvcs u Real Est j Sensitive i CommSrvs o Energy p Industrl a Technlgy k Defensive s CnsmrDef d Hlthcare f Utilities

% of Stocks

Rel Bmark 1

Market Cap % Giant 32.4 Large 37.4 Mid 30.1 Small 0.0 Micro 0.0 Avg $mil: 26,389

Value Blend Growth

Large Mid Small

26.39 0.68 4.18 0.84 12.55 1.07 9.66 0.51 0.00 0.00 48.14 1.34 0.00 0.00 1.67 0.25 15.83 1.54 30.64 2.20 25.47 1.00 5.53 0.55 18.29 1.48 1.65 0.53

Value Measures

Rel Category

Price/Earnings 28.58

1.65 1.87 2.13 1.93 0.36 1.66 2.49 -0.07 4.12 4.23

Price/Book Price/Sales

4.18 3.21

Price/Cash Flow 16.56 Dividend Yield % 0.96

Growth Measures

% Rel Category

Long-Term Erngs 18.15

Regional Exposure % Stock UK/W. Europe 18 N. America 64 Japan 8 Latn America 3 Asia X Japan 7 Other 0

Book Value

9.31 -0.12 9.38

Sales

Address:

Artisan Funds Inc

Minimum Purchase: Min Auto Inv Plan:

$1000 $1000

Add: — IRA: —

Cash Flow

Milwaukee, WI 53202

Add: $50

Historical Erngs 16.14

800-344-1770

Sales Fees:

No-load, 2.00%R

Country Exposure United States 64 Japan 8 UK 7

% Stock

Web Address:

www.artisanfunds.com

Management Fee:

0.90% mx./0.80% mn. Mgt:0.90% Dist:—

Composition - Net Cash

Germany

4 4

Inception:

09-22-08

Actual Fees:

8.0 Bonds

0.0 1.3

Advisor:

Artisan Partners Limited Partnership

Expense Projections: Income Distribution:

3Yr:$381 5Yr:$660 10Yr:$1455

China

Stocks 90.8 Other

Subadvisor:

None

Annually

Foreign (% of Stock)

36.0

A

ß ® Mutual Funds

©2015Morningstar, Inc.All rights reserved. The information herein is not represented orwarranted to be accurate, complete or timely. Past performance is no guarantee of future results.Access updated reports at www.morningstar.com . To order reprints, call 312-696-6100.