Artisan International Fund Advisor Shares · NASDAQ:APDIX

Artisan International Fund Advisor Shares — Antero Peak Group — Investor Presentation (October 2023)

15 slides from Artisan International Fund Advisor Shares's investor presentation, October 2023

  1. Slide 1: Antero Peak Group — Investor Update

    Q3 2023 Antero Peak Group — Investor Update This is an offering of shares of an Artisan Fund and does not create a relationship between the investor and Artisan Partners. The Notes and Disclosures section of this presentation contains important information. Readers are encouraged to review it carefu

  2. Slide 2: Quarter in Review: Understanding 3Q Performance

    Antero Peak Group Quarter in Review Understanding 3Q Performance  Q3 saw a mild but widespread market pullback that weighed on all sizes and sectors (excluding mostly energy).  During the quarter, the Artisan Focus Fund (Investor Share Class) returned -7.3% compared to the S&P 500’s -3.3%.  Relat

  3. Slide 3: 2023 Continues to be a Narrow Backdrop

    Antero Peak Group 2023 Continues to be a Narrow Backdrop Shedding light on a highly unusual year Overall Returns for the S&P 500 Remain Heavily Concentrated Benchmark Concentration is Highly Unusual on a in a Small Number of Stocks Historical Basis Artisan Focus Fund vs. Key Benchmarks Ratio of S&P

  4. Slide 4: Position Update: NextEra Energy (NEE)

    Antero Peak Group Position Update: NextEra Energy (NEE) Q3 was the perfect storm of macro headwinds and lack of confidence  The most recent leg up in nominal yields hurt pure bond proxies like utilities badly, with the utilities sector declining ~10% in the last two weeks of Q3. Unsurprisingly, we

  5. Slide 5: Earnings Estimates Stabilized in the Third Quarter Though Risks Still Remain

    Antero Peak Group Earnings Estimates Stabilized in the Third Quarter Though Risks Still Remain We expect the earnings environment to remain difficult  Estimates were largely unchanged during Q3 and have found a bottom after 18 months of declines.  As Fed actions propagate through the economy we co

  6. Slide 6: Our Process is Supported by Empirical Data with a Strong Forward Setup

    Antero Peak Group Our Process is Supported by Empirical Data with a Strong Forward Setup We have a clearly defined game plan and an expanding thematic opportunity set  Our process is focused on three key pillars, supported by strong empirical evidence: 1) Inflection points that can lead to broad ba

  7. Slide 7: Generative AI Increases Demand for Data and Product

    Antero Peak Group Generative AI Increases Demand for Data and Product in 3 Primary Ways: Accessibility Boom:  Opportunity: Make information more accessible; improve search and discovery functionality to improve ease-of-use, drive higher retention, and expand the user base More Data + More Horsepowe

  8. Slide 8: Opportunity to Execute our Bottom-Up Process in Info Services Space

    Antero Peak Group Opportunity to Execute our Bottom-Up Process in Info Services Space The theme spans across industries with proprietary data being the common thread  We are emphasizing companies that have access to proprietary data and have substantial labor cost opportunity. Speed and Capability

  9. Slide 9: AI and Digital Advertising: META's Use of AI Should Accelerate ROIC

    Antero Peak Group AI and Digital Advertising: META’s Use of AI Should Accelerate ROIC  Advantage+ is META’s digital advertising platform that leverages AI to optimize return on advertising dollars.  AI (Advantage+) allows for greater efficiency for advertisers by finding new target audiences that

  10. Slide 10: De-Globalization: Drive Acceleration in Domestic Manufacturing Output

    Antero Peak Group De-Globalization: Drive Acceleration in Domestic Manufacturing Output For U.S. Industrial Output to Return to Levels Prior to the U.S. Manufacturing Hiring Has Accelerated Dramatically in Globalization Efforts 1990’s, Manufacturing Capex Could More Recent Years Highlighting Early P

  11. Slide 11: De-Globalization: Inflation Reduction Act to Drive Spending on Hydrogen Projects

    Antero Peak Group De-Globalization: Inflation Reduction Act to Drive Spending on Hydrogen Projects  The Inflation Reduction Act (IRA) includes a new hydrogen production tax credit (PTC) that is expected to dramatically accelerate investment in the sector.  Hydrogen is likely the largest key to unl

  12. Slide 12: Multiple Exciting Areas to Execute our Process

    Antero Peak Group Multiple Exciting Areas to Execute our Process Aero Normalization Aerospace is cyclically inflecting ahead of a long duration upcycle supported by NO CHANGE secular growth of the global middle class Companies: Boeing Co., General Electric Co., Howmet Aerospace, TransDigm Group Mach

  13. Slide 13: Investment Results—Average Annual Total Returns (Latest Quarter-End)

    Artisan Focus Fund Investment Results—Average Annual Total Returns (Latest Quarter-End) Expense Ratios ARTTX Semi-Annual Report 31 March 20231 1.26% Prospectus 30 Sep 20222 1.25% 1Unaudited, annualized for the six-month period. 2See prospectus for further details. Past performance does not guarantee

  14. Slide 14: Notes and Disclosures

    Artisan Partners Notes and Disclosures This section of this presentation contains information important to a complete understanding of the material presented. Please review it carefully. Carefully consider the Fund’s investment objective, risks and charges and expenses. This and other important info

  15. Slide 15: Notes and Disclosures

    Artisan Partners Notes and Disclosures Compound Annual Growth Rate (CAGR) represents compound annual growth rate, the year-over-year growth rate over a specified period of time. It is calculated by taking the nth root of the total percentage growth rate, where n is the number of years in the period

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