About APHNX
Artisan Select Equity Fund Institutional Shares is an actively managed mutual fund that targets long-term capital appreciation through investments in U.S. large value equities. Managed by a seasoned team at Artisan Partners, the fund emphasizes a high-conviction approach, typically maintaining a concentrated portfolio of 20 to 30 holdings. The investment strategy centers on identifying high-quality, undervalued businesses—companies with strong free cash flow, robust balance sheets, improving returns on capital, and competitive market positions. Financial strength and management's track record of shareholder value creation are key selection criteria. The fund limits individual positions and sector weights to maintain diversification, with a maximum of 20% in non-U.S. companies at purchase. Its portfolio is notable for substantial allocations to financial services, healthcare, and energy sectors, often with over half of assets concentrated in the top ten holdings. Designed for institutional investors, the fund carries a higher minimum investment and focuses on superior risk/reward outcomes for sophisticated clients such as pensions, endowments, and foundations, playing a significant role in the large value segment of the equity market.
Fund Family Artisan Partners Funds
Category Large Value
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol APHNX
Share Class Institutional Shares
Index S&P 500 TR
APHNX had a total return of 22.66% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.35%.
