Artisan High Income offers a differentiated strategy executed by an accomplished manager. The recent decision to partially close to new investors is a significant step to ensuring it can remain differentiated and successful going forward. As a result, all three share classes earn an upgrade to a Morningstar Analyst Rating of Silver.
Artisan High Income Institutional APHFX
NAV / 1-Day Return
9.96
/
0.05
%
Total Assets
6.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.730%
Expense Ratio
0.730%
Fee Level
Above Average
Longest Manager Tenure
7.83
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000,000
Status
Limited
TTM Yield
5.38%
Effective Duration
2.63
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will APHFX outperform in 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 APHFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the APHFX 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 APHFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Recent steps to protect this strategy’s style and investors set it apart from peers.
