Artisan International Fund Advisor Shares · NASDAQ:APDIX
Artisan International Fund Advisor Shares — Artisan Partners — Q2 2026 Earnings Presentation
13 slides from Artisan International Fund Advisor Shares's earnings presentation, Sep 22, 2026
Slide 1: Q2 2026 Antero Peak Group
Q2 2026 Antero Peak Group This material is intended to provide an overview of the Antero Peak Group’s investment philosophy and process. Investment in any vehicle managed by the team is subject to further documentation contained in the vehicle's offering materials. This material is not for use by re
Slide 2: Important Disclosures
Artisan Partners Important Disclosures These materials are provided solely for use in a private meeting and are intended for informational and discussion purposes only. Investment is subject to further documentation. This document is not a prospectus. Unless expressly stated, it has not otherwise be
Slide 3: Investment Results
Antero Peak Strategy Investment Results Average Annual Total Returns Calendar Year Returns (%) Source: Artisan Partners/S&P. Past performance does not guarantee and is not a reliable indicator of future results. Gross- and net-of-fees performance shown for the Composite. Current performance may be l
Slide 4: Second Quarter and Year-to-Date 2026
Antero Peak Strategy Second Quarter and Year-to-Date 2026 Performance Summary and Market Commentary Despite market volatility, the Antero Peak Strategy (Net) gained 21.60% in Q2, bringing YTD alpha to +6.31%. This follows excess returns of 6.37% in 2024 and 2.73% in 2025. Since inception, the
Slide 5: Research Execution: Strong 1H 2026
Antero Peak Strategy Research Execution: Strong 1H 2026 Widespread Fundamental Strength Across the Portfolio Fundamental revisions for our holdings continued to move materially higher in the second quarter, rising 4.6%. The portfolio had broad-based strength in Q2, including contributions of mor
Slide 6: Current Perspectives on the Fundamental Backdrop
Antero Peak Group Current Perspectives on the Fundamental Backdrop Hard Data Continues to Point to a Strong Earnings Backdrop The S&P 500® Index’s 2026 earnings are estimated to grow 24%, accelerating throughout the year to an exit rate of 23%. The index’s 2026 earnings estimates moved 3% higher
Slide 7: 2026 Setup: Portfolio Positioned for Continued Value Creation
Antero Peak Strategy 2026 Setup: We Believe Our Portfolio is Positioned for Continued Value Creation Our Portfolio Satisfies the Key Pillars of Our Investment Process CHANGE IN ROIC: Currently modeling 500bps expansion through 2028 EARNINGS REVISIONS: 12% cumulative differentiation vs. consensus
Slide 8: Our Approach Emphasizes Research, De-Emphasizes Market Conditions
Antero Peak Strategy Our Approach Aims to Emphasize Research, and De-Emphasizes Market Conditions Antero Peak Group’s Investments Tend to Have a High Degree of Asset Specific Risk Asset Specific Risk (Idiosyncratic) and Industry Selection have accounted for more than 70% of our active risk, on ave
Slide 9: Concentration Continues To Be Topical
Antero Peak Strategy Concentration Continues To Be Topical Antero Peak Strategy Has Helped Reduce Concentration Risk Passive investing can represent a compelling option for long-only equity investors. Market concentration is at historically high levels—we believe dependency on relatively few sto
Slide 10: Theme Reorganization
Antero Peak Group Theme Reorganization Same Investments With an Updated Framework The average duration of active themes through Q2 was ~5.5 years; excluding the retiring themes, our average duration was ~5.2 years. Framework was updated to reflect how we believe the investment opportunity set ha
Slide 11: Investment Results
Antero Peak Strategy Investment Results Source: Artisan Partners/S&P. Past performance does not guarantee and is not a reliable indicator of future results. Gross- and net-of-fees performance shown for the Composite. Current performance may be lower or higher than that shown. Returns for periods les
Slide 12: 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. Artisan Partners Limited Partnership (APLP) is an investment adviser registered with the U.S. Securities and Exch
Slide 13: Notes and Disclosures
Artisan Partners Notes and Disclosures Attribution quantifies the relationship between a portfolio's relative returns and the active management decisions differentiating the portfolio from the benchmark. CTR and Attribution are not exact, nor representative of actual investor returns due to several