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art:LamarAdvertisingCoMember 2026-03-31 0000935015 art:C000234512Member art:PhilipMorrisInternationalIncMember 2026-03-31 0000935015 art:C000234512Member art:EOGResourcesIncMember 2026-03-31 0000935015 art:C000234512Member art:PPLCorpMember 2026-03-31 0000935015 art:C000234512Member art:OGEEnergyCorpMember 2026-03-31 0000935015 art:C000234512Member art:HeinekenHoldingNVMember 2026-03-31 0000935015 art:C000234512Member art:WaFdIncMember 2026-03-31 0000935015 art:C000234512Member art:WellsFargoCoMember 2026-03-31 0000935015 art:C000234512Member art:PermianResourcesCorpMember 2026-03-31 0000935015 art:C000234512Member art:EvergyIncMember 2026-03-31 0000935015 art:C000234512Member art:TopTenInvestmentsMember 2026-03-31 iso4217:USD pure art:Holdings true N-1A Amendment 0000935015 N-CSRS/A Artisan Partners Funds, Inc. 2026-03-31 Semi-Annual Shareholder Report Semi-Annual Shareholder Report ARTYX This semi-annual shareholder report contains important information about Artisan Developing World Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000156278Member_z9ZB7LzdCGUi">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000156278Member_z6UiYlHydq34">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80k_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000156278Member_dU_zDDcsybTqKJIH"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90B_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000156278Member_zNxSEPvhFwXFO">Artisan Developing World Fund</span> - <span id="xdx_90g_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000156278Member_zGdCbMUvBIErs">Investor Shares</span></span></div> </td> <td id="xdx_98A_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000156278Member_ztHmMZDCqtfTX" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$57</span></div> </td> <td id="xdx_98H_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000156278Member_zQviZGPtpmnIi" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.31%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Developing World Fund Investor Shares 57 0.0131 <div id="xdx_80c_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000156278Member_dU_zvWktimWBNWXF"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_989_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000156278Member_zWmc5XNTl6M3" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,845,086</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98c_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000156278Member_zVqHxxQokFDxq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98D_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000156278Member_z2BRUIKKMbSf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$19,527</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98K_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000156278Member_zhpNDRHGULrLL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51.05%</span></div> </td> </tr> </table> </div> </div> </div> 2845086000 37 19527000 0.5105 <div id="xdx_80j_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000156278Member_dU_zmpboWrotbPId"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--GeographicRegionAxis__srt--AmericasMember_zJXhFT7pNLEa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 32.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--GeographicRegionAxis__srt--EuropeMember_zNqR8hilrDl3" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zdeJbbITPuXTA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 46.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zBlwDLMWJWPtz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.1% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molry1wp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zirSlNWpaIwbn" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--OtherCategory1Axis__currency--EUR_zNRXNhkV84K" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--OtherCategory1Axis__currency--HKD_zsJkAozSQFuts" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--OtherCategory1Axis__currency--INR_znXQwalOsdtcw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--OtherCategory1Axis__currency--CHF_zLkjUybBOAPiA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--OtherCategory1Axis__currency--USD_zFevskPCGSUUt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">73.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zLu6c8B5vPwj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zvuypGNWViQjO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zjC9l9tP20me" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__custom--FinancialsMember_zYeiXyFNgvfcG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__custom--HealthCareMember_zvRJGJdYQGDII" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zJZKPGrDmPNTF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_znxGfXnpKcwCZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zXdzsayKbJwUn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_ztzVICRUrCaDY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon16emy.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.322 0.088 0.462 0.091 0.020 0.067 0.079 0.088 0.011 0.735 0.085 0.259 0.052 0.226 0.041 0.066 0.227 0.018 0.026 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000156278Member_dU_zDzWRXtyMBW4" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zgOmudEXqWPKc" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MercadoLibre, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--MercadoLibreIncMember_zAASTfqACuUHn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sea Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--SeaLtdMember_zNBjZuVnrjzJp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NVIDIA Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zHafeRgtLsneE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Visa, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 60pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--VisaIncMember_zBCisYjMTkJVr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Adyen NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--AdyenNVMember_zkgsYWbyOcnHZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Crowdstrike Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--CrowdstrikeHoldingsIncMember_zJJzdJXtiVNlw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MakeMyTrip Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--MakeMyTripLtdMember_zOjDjqOcvLhXx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NU Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--NUHoldingsLtdMember_zGOnUhZsZLSqd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 175pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zBSdsgsbOPwny" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156278Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zDAULUbwlKSXJ" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">46.5%</span></div> </td> </tr> </table> </div> </div> </div> 0.063 0.061 0.059 0.047 0.046 0.043 0.043 0.036 0.034 0.033 0.465 Semi-Annual Shareholder Report APDYX This semi-annual shareholder report contains important information about Artisan Developing World Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000156279Member_zgrExeN1Kuv2">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000156279Member_zMOMxAwNLeW7">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80U_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000156279Member_dU_zbkQFqajdhGDy"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90u_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000156279Member_zEiCveQfYIrIA">Artisan Developing World Fund</span> - <span id="xdx_90M_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000156279Member_zknAnOYnonzIX">Advisor Shares</span></span></div> </td> <td id="xdx_98T_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000156279Member_zUvSBSRVAQaJM" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$50</span></div> </td> <td id="xdx_98b_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000156279Member_zqFhuMOXyOYqm" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.14%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Developing World Fund Advisor Shares 50 0.0114 <div id="xdx_80W_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000156279Member_dU_zsspAUQrjvFJi"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98B_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000156279Member_zk0I1MtHKV1c" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,845,086</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98p_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000156279Member_zLfHshuelYzqz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_989_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000156279Member_z2C0dpMuUsB6" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$19,527</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98Q_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000156279Member_zOSmIjLRqaJRR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51.05%</span></div> </td> </tr> </table> </div> </div> </div> 2845086000 37 19527000 0.5105 <div id="xdx_80t_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000156279Member_dU_zPlNhKcOstXdz"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--GeographicRegionAxis__srt--AmericasMember_zgBoAdBOtjeVb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 32.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--GeographicRegionAxis__srt--EuropeMember_ztdduoLxByzxu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zUorTzWuvTZlC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 46.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zcKpyOmqPAQQO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.1% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molry1wp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zCOOisbNRPmYG" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--OtherCategory1Axis__currency--EUR_zdBQeOfRglkqT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--OtherCategory1Axis__currency--HKD_zjKylFNjJKMdO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--OtherCategory1Axis__currency--INR_ztUJcUqItZbfI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--OtherCategory1Axis__currency--CHF_zMSLFOOWVzEWQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--OtherCategory1Axis__currency--USD_zUfXqcrhQsexa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">73.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zyFiNBvFTAqJh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zADziHeangcFC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zJbiOfkaHrptQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__custom--FinancialsMember_zIkWZVJMTZELC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__custom--HealthCareMember_zvVvjWplakXIq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zyKZhFZKCkkjg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zAiPMajIrqCnQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zsnHCzyqAiBEE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zyVLEhxfYFNLA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon16emy.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.322 0.088 0.462 0.091 0.020 0.067 0.079 0.088 0.011 0.735 0.085 0.259 0.052 0.226 0.041 0.066 0.227 0.018 0.026 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000156279Member_dU_z9FimSPbLskj" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zdFbOtcnSiRiV" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MercadoLibre, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--MercadoLibreIncMember_zfZbZFXeUqfqp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sea Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--SeaLtdMember_zIRSdtVWvhlFz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NVIDIA Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zhBJVGZRSmWyF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Visa, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 60pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--VisaIncMember_zcLrRVpuxCFZC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Adyen NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--AdyenNVMember_zZmEQEtXhvjop" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Crowdstrike Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--CrowdstrikeHoldingsIncMember_ztCHxNPrBedBh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MakeMyTrip Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--MakeMyTripLtdMember_zmedlUvbbbLbv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NU Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--NUHoldingsLtdMember_zMAFWOQiWAqWl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 175pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zZECNaADOqHuV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156279Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zMexgqifTgvfv" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">46.5%</span></div> </td> </tr> </table> </div> </div> </div> 0.063 0.061 0.059 0.047 0.046 0.043 0.043 0.036 0.034 0.033 0.465 Semi-Annual Shareholder Report APHYX This semi-annual shareholder report contains important information about Artisan Developing World Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000156280Member_zW1Vv4D3SITa">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000156280Member_zXFYTgz8Mcnd">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80i_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000156280Member_dU_zdXBqGUblPVLK"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90o_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000156280Member_zNImnXPNPHuqw">Artisan Developing World Fund</span> - <span id="xdx_90W_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000156280Member_zTnmTWwbvYuiB">Institutional Shares</span></span></div> </td> <td id="xdx_98U_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000156280Member_zmXzWJZWJCjgt" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$46</span></div> </td> <td id="xdx_98C_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000156280Member_zDxRMDxmTQjQj" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.04%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Developing World Fund Institutional Shares 46 0.0104 <div id="xdx_80n_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000156280Member_dU_zXdZnoFdPjTwZ"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_989_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000156280Member_zz9yzkKDJvNg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,845,086</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98y_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000156280Member_zyipOvFazCHhs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98E_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000156280Member_zLKbegqFRmsc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$19,527</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98p_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000156280Member_zaNzCfFKxlojM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51.05%</span></div> </td> </tr> </table> </div> </div> </div> 2845086000 37 19527000 0.5105 <div id="xdx_80v_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000156280Member_dU_zAUBJaFAgNliZ"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--GeographicRegionAxis__srt--AmericasMember_zEiyHBbwCeBOM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 32.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--GeographicRegionAxis__srt--EuropeMember_zGMGwdlhZObjw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zAWVzefIqcJmZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 46.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zBvijJeuuxgXR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.1% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molry1wp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zkClgfKHiSvoF" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--OtherCategory1Axis__currency--EUR_zWIPzYiPbISog" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--OtherCategory1Axis__currency--HKD_zHWlAvvuacsWQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--OtherCategory1Axis__currency--INR_zUzsGqJmAPmTp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--OtherCategory1Axis__currency--CHF_zarYORpWCMLrG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--OtherCategory1Axis__currency--USD_zWkhDynABjVLz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">73.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zgqjlEEdgWCJJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zofIoGGklVnGg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_znkbVeDupoFHJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__custom--FinancialsMember_zEGHplSWJeUpa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__custom--HealthCareMember_zwjCtwoWrLvnk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zuDJRIhTzvJOJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zmEAWVuBxyFyL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zooxGWfBeDFIt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zyMELGAJANVeR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon16emy.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.322 0.088 0.462 0.091 0.020 0.067 0.079 0.088 0.011 0.735 0.085 0.259 0.052 0.226 0.041 0.066 0.227 0.018 0.026 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000156280Member_dU_zqyn70gM0T08" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zFzuHjbonzdzE" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MercadoLibre, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--MercadoLibreIncMember_zmTAAkBPpbXdf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sea Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--SeaLtdMember_zCYRkkIXZJxOG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NVIDIA Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zRkXXyhzVqgwg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Visa, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 60pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--VisaIncMember_zfqfpJwCKMeTH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Adyen NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--AdyenNVMember_zdddVyWZUidAl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Crowdstrike Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--CrowdstrikeHoldingsIncMember_zHOCcaiScvtgd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MakeMyTrip Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--MakeMyTripLtdMember_zmKVzdIBtxkfk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NU Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--NUHoldingsLtdMember_zxVnczWMlSTgi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 175pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zvQGCzYWbttqc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000156280Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zJgakLveHjATv" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">46.5%</span></div> </td> </tr> </table> </div> </div> </div> 0.063 0.061 0.059 0.047 0.046 0.043 0.043 0.036 0.034 0.033 0.465 Semi-Annual Shareholder Report APFOX <span style="box-sizing: border-box; font-size: 7.5pt">This semi-annual shareholder report contains important information about </span><span style="box-sizing: border-box; font-size: 7.5pt">Artisan Emerging Markets Debt Opportunities Fund</span><span style="box-sizing: border-box; font-size: 7.5pt"> for the period of </span><span style="box-sizing: border-box; font-size: 7.5pt">October 1, 2025</span><span style="box-sizing: border-box; font-size: 7.5pt"> to </span><span style="box-sizing: border-box; font-size: 7.5pt">March 31, 2026</span><span style="box-sizing: border-box; font-size: 7.5pt">.</span> <span style="box-sizing: border-box; font-size: 7.5pt">You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000233920Member_zrZCLMX7I3vl">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000233920Member_z9zcunER8Rjf">800.344.1770</span>. </span><span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span style="box-sizing: border-box; font-size: 7.5pt"></span></span><span style="box-sizing: border-box; font-size: 7.5pt"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80x_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000233920Member_dU_zzkpiTUiXdcYI"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90S_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000233920Member_zFCiyQUAEcfnX">Artisan Emerging Markets Debt Opportunities Fund</span> - <span id="xdx_90h_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000233920Member_zdeNBggqruCzj">Investor Shares</span></span></div> </td> <td id="xdx_98s_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000233920Member_zBCcRuSnIitMn" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$73</span></div> </td> <td id="xdx_98T_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000233920Member_zpoAHwLzXLuGg" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.43%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Emerging Markets Debt Opportunities Fund Investor Shares 73 0.0143 <div id="xdx_80Q_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000233920Member_dU_zJqptoteLEUXK"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_980_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000233920Member_zcBrwwWU6wHk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$156,720</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98Y_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000233920Member_zSKLtFXRvaRLZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">332</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98A_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000233920Member_zeIfjaxvNvy3" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$537</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98v_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000233920Member_zRZdLILophosq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53.32%</span></div> </td> </tr> </table> </div> </div> </div> 156720000 332 537000 0.5332 <div id="xdx_80z_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000233920Member_dU_zJUoHSpBeTNxX"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233920Member__us-gaap--InvestmentTypeAxis__custom--SovereignGovernmentBondsMember_zgfp25kyq3S3" style="box-sizing: border-box; text-align-last: auto"> 39.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233920Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zFAh1gQGGv7j" style="box-sizing: border-box; text-align-last: auto"> 34.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233920Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zCLR8PwTNCkc" style="box-sizing: border-box; text-align-last: auto"> 20.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233920Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zXZnK92nflhi" style="box-sizing: border-box; text-align-last: auto"> 4.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233920Member__us-gaap--InvestmentTypeAxis__custom--MiscellaneousMember_z41OvzcyiOmg" style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Convertible Bond</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233920Member__us-gaap--InvestmentTypeAxis__custom--ConvertibleBondMember_zsRnCBZmqcU5" style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233920Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zk96elr8tovc" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qeseylk1mppw4g5r.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Albanian lek</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--ALL_zHdBSOESVRZyp" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Egyptian pound</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--EGP_zrMjcviHwbGtw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--EUR_zBTerCWfsZbie" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan tenge</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--KZT_zaaVtl8Gx8tl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nigerian naira</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--NGN_zEfaMTPpvyMxM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peruvian nuevo sol</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--PEN_zoSpEQslmYREJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romanian leu</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--RON_zwoooDfcHHlXw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--USD_zlMYjUatHaXAa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">61.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uruguayan peso</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--UYU_zcvvZQyQoExnn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uzbekistani som</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__currency--UZS_zATRMSrkobwWU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--OtherCategory1Axis__custom--OtherMember_zYZTaLcbuJuiL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zcRcQJWWsLehe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zuuTvNCtvRowQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__custom--EnergyMember_zJYanxRejmxrD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__custom--FinancialsMember_zPFgvpKdarGTz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zInkSSIKMwbWQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zaAulSzIfVknc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Securities</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__custom--SovereignGovernmentSecuritiesMember_zjdwxsAbTToCF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 42.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zYfasqGvDmOMu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zLjgpVBNMzpTs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 29.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--IndustrySectorAxis__custom--MiscellaneousMember_zaRJJJPpCZuVh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes2lk1mppw5dr5.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.398 0.342 0.204 0.045 0.008 0.003 0.000 0.014 0.075 0.055 0.029 0.067 0.043 0.030 0.615 0.022 0.020 0.030 0.011 0.006 0.081 0.133 0.019 0.013 0.426 0.008 0.295 0.008 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000233920Member_dU_zVxxGmHYNahb" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS*</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 70pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Commonwealth of the Bahamas</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bahamas</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--CommonwealthoftheBahamasMember_zhNEGtNtmePoQ" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Absa Bank Ltd., Credit-Linked Note</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--AbsaBankLtdCreditLinkedNoteMember_zNbJeGUdthBUY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bonos de la Tesoreria</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--BonosdelaTesoreriaMember_zvJzoHNeyzTsk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania Government Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--RomaniaGovernmentBondMember_zxmeCcEsWBpni" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Laos Government International</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lao People's</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Democratic Republic</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--LaosGovernmentInternationalBondMember_zfAlaEKsdZEgp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 155pt; font-size: 6pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Republic of Cote d'Ivoire First Lien</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cote D'Ivoire</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--RepublicofCotedIvoireFirstLienTermLoanMember_zczqUQgRfqnaZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Zambia</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zambia</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--RepublicofZambiaMember_zojJvUPaejuCi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Kazakhstan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--RepublicofKazakhstanMember_zcxpNsSGwTkol" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Iraq</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iraq</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--RepublicofIraqMember_zMHbolkyzRGLb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Tajikistan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tajikistan</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--RepublicofTajikistanMember_zvIomWKQpRmVa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233920Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zaiDNIDYHJuOr" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">31.6%</span></div> </td> </tr> </table> </div> </div> </div> 0.063 0.045 0.040 0.028 0.027 0.025 0.024 0.023 0.021 0.020 0.316 Semi-Annual Shareholder Report APDOX <span style="box-sizing: border-box; font-size: 7.5pt">This semi-annual shareholder report contains important information about </span><span style="box-sizing: border-box; font-size: 7.5pt">Artisan Emerging Markets Debt Opportunities Fund</span><span style="box-sizing: border-box; font-size: 7.5pt"> for the period of </span><span style="box-sizing: border-box; font-size: 7.5pt">October 1, 2025</span><span style="box-sizing: border-box; font-size: 7.5pt"> to </span><span style="box-sizing: border-box; font-size: 7.5pt">March 31, 2026</span><span style="box-sizing: border-box; font-size: 7.5pt">.</span> <span style="box-sizing: border-box; font-size: 7.5pt">You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000233918Member_zSNZRzSqG7Xk">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000233918Member_zv8OW40UP1Ai">800.344.1770</span>. </span><span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span style="box-sizing: border-box; font-size: 7.5pt"></span></span><span style="box-sizing: border-box; font-size: 7.5pt"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80N_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000233918Member_dU_ztqfnGPuZhuJC"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90N_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000233918Member_zQOIEzeibGzRS">Artisan Emerging Markets Debt Opportunities Fund</span> - <span id="xdx_90V_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000233918Member_zwZPqEAovyMhc">Advisor Shares</span></span></div> </td> <td id="xdx_98A_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000233918Member_zxoXQDiNdQVwp" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$67</span></div> </td> <td id="xdx_98U_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000233918Member_zGxyarFgxfHAe" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.31%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Emerging Markets Debt Opportunities Fund Advisor Shares 67 0.0131 <div id="xdx_80Z_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000233918Member_dU_zLHZkEbrwdiWN"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000233918Member_z4iKcQsmIQl9" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$156,720</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98Q_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000233918Member_zdZVsedhJQCfU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">332</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98B_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000233918Member_z30fMePL89ma" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$537</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98r_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000233918Member_zLkxRdJGAZPQJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53.32%</span></div> </td> </tr> </table> </div> </div> </div> 156720000 332 537000 0.5332 <div id="xdx_80C_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000233918Member_dU_zNWJnOlrygkqQ"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233918Member__us-gaap--InvestmentTypeAxis__custom--SovereignGovernmentBondsMember_z0NG5Z0ABKs8" style="box-sizing: border-box; text-align-last: auto"> 39.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233918Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zBAtEmu0scil" style="box-sizing: border-box; text-align-last: auto"> 34.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233918Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_z9jilpaQuRrc" style="box-sizing: border-box; text-align-last: auto"> 20.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233918Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zdbWCkaEdkh9" style="box-sizing: border-box; text-align-last: auto"> 4.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233918Member__us-gaap--InvestmentTypeAxis__custom--MiscellaneousMember_zVMuVJrNZQ2j" style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Convertible Bond</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233918Member__us-gaap--InvestmentTypeAxis__custom--ConvertibleBondMember_zotVCQCKY6T2" style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233918Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_z0aktUGKBQob" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qeseylk1mppw4g5r.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Albanian lek</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--ALL_zuYMRepiTMFKe" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Egyptian pound</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--EGP_zKewYoRDSdXHC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--EUR_zFoZbDGyuXNnB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan tenge</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--KZT_zFiGHQdndJNBz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nigerian naira</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--NGN_zoiqePlGrKpcO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peruvian nuevo sol</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--PEN_zajKyBUKERXck" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romanian leu</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--RON_zdvWHsXnqkYtR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--USD_zKvFlDfcHiDhk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">61.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uruguayan peso</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--UYU_zKdafQmUbHXCr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uzbekistani som</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__currency--UZS_zuwBZKdSbZdLE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--OtherCategory1Axis__custom--OtherMember_zxulsRUMXOFkc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zytjwYgSeTFSA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zsyxRLoYhDjGp" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__custom--EnergyMember_zTveBrnkkPfKa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__custom--FinancialsMember_zxZXQdyVLVfuX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zyBdKUDLXqxdD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zRBoHAXFsUgHg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Securities</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__custom--SovereignGovernmentSecuritiesMember_zdKbIlgOoqklO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 42.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zZwmJtuMAcSxD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zYQLHtJVIiPJS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 29.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--IndustrySectorAxis__custom--MiscellaneousMember_zXFVMiyatECLQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes2lk1mppw5dr5.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.398 0.342 0.204 0.045 0.008 0.003 0.000 0.014 0.075 0.055 0.029 0.067 0.043 0.030 0.615 0.022 0.020 0.030 0.011 0.006 0.081 0.133 0.019 0.013 0.426 0.008 0.295 0.008 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000233918Member_dU_zOAsWy5rmSTl" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS*</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 70pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Commonwealth of the Bahamas</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bahamas</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--CommonwealthoftheBahamasMember_zTNEcZjCZVMXV" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Absa Bank Ltd., Credit-Linked Note</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--AbsaBankLtdCreditLinkedNoteMember_zgAqmjUGFyCgF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bonos de la Tesoreria</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--BonosdelaTesoreriaMember_zKiZrARxvZUgx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania Government Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--RomaniaGovernmentBondMember_zMgMxqTOXZnRx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Laos Government International</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lao People's</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Democratic Republic</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--LaosGovernmentInternationalBondMember_zpBIxKLQmyXcy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 155pt; font-size: 6pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Republic of Cote d'Ivoire First Lien</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cote D'Ivoire</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--RepublicofCotedIvoireFirstLienTermLoanMember_zvgnNlDkrydan" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Zambia</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zambia</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--RepublicofZambiaMember_zsmrMiGOTBzty" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Kazakhstan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--RepublicofKazakhstanMember_zTBHhWNSmtDZN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Iraq</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iraq</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--RepublicofIraqMember_zUyZTNAfqEIow" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Tajikistan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tajikistan</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--RepublicofTajikistanMember_zWcSRmHXYtLpm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233918Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zcclrvRNDpnYz" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">31.6%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; min-height: 14px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: right"><span style="box-sizing: border-box; font-size: 8pt">* Excludes short-term investments.</span></p> </div> 0.063 0.045 0.040 0.028 0.027 0.025 0.024 0.023 0.021 0.020 0.316 Semi-Annual Shareholder Report APHOX This semi-annual shareholder report contains important information about Artisan Emerging Markets Debt Opportunities Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000233919Member_z345gaYGzRu">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000233919Member_z4OKM8t8UNE3">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80S_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000233919Member_dU_zcBiYbBvMLpdz"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 8pt; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90Z_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000233919Member_zsIrFzPjhRJTw">Artisan Emerging Markets Debt Opportunities Fund</span> - <span id="xdx_90c_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000233919Member_zxzUGezOZkQtj">Institutional Shares</span></span></div> </td> <td id="xdx_98z_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000233919Member_zegKlPbeAQjqK" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$64</span></div> </td> <td id="xdx_98T_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000233919Member_zhyKbmOIPvkbH" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.25%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Emerging Markets Debt Opportunities Fund Institutional Shares 64 0.0125 <div id="xdx_80O_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000233919Member_dU_zrcmZTTAxuIcR"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000233919Member_zwstwCqQNuHd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$156,720</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98o_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000233919Member_zxOEStPHXBfcj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">332</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_981_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000233919Member_zErRLjeY73J8" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$537</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98H_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000233919Member_zYQLprHcqvdvP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53.32%</span></div> </td> </tr> </table> </div> </div> </div> 156720000 332 537000 0.5332 <div id="xdx_80I_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000233919Member_dU_zymcBCYrnJxtH"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233919Member__us-gaap--InvestmentTypeAxis__custom--SovereignGovernmentBondsMember_zNYxcItbe8Xc" style="box-sizing: border-box; text-align-last: auto"> 39.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233919Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zOFCKfWugGw6" style="box-sizing: border-box; text-align-last: auto"> 34.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233919Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zuXeggBYq73j" style="box-sizing: border-box; text-align-last: auto"> 20.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233919Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zIngZ36OxIg8" style="box-sizing: border-box; text-align-last: auto"> 4.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233919Member__us-gaap--InvestmentTypeAxis__custom--MiscellaneousMember_zmDWj73K0XMc" style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Convertible Bond</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233919Member__us-gaap--InvestmentTypeAxis__custom--ConvertibleBondMember_znVRyVt5eTbl" style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233919Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zdKE352xZJ1e" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qeseylk1mppw4g5r.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Albanian lek</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--ALL_zuahfexraaDXR" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Egyptian pound</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--EGP_zXtNRbouJlQVC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--EUR_zYRwBpKzIXcKd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan tenge</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--KZT_zXHMwtbpVmJeu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nigerian naira</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--NGN_zFFZAspmXIHRb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peruvian nuevo sol</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--PEN_zvnPXODLlfwAQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romanian leu</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--RON_zvVQyxpdbYqnN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--USD_zGAbyyrEupxgB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">61.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uruguayan peso</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--UYU_zHFvjAJQAdVgQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uzbekistani som</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__currency--UZS_zGOqiQWSOIxnn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--OtherCategory1Axis__custom--OtherMember_zJlfDfmuDgtxX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zjjkjuhfvOFoY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zRGyBXeaLlZNN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__custom--EnergyMember_zjAeovXyzmMud" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__custom--FinancialsMember_zBfKZkxrlLZtm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zcbACVwOdpIDO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zLIUzELChHIfa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Securities</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__custom--SovereignGovernmentSecuritiesMember_zQenZHnZSOybZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 42.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zeNwNycuaLhHZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zUixhyIOfHgah" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 29.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--IndustrySectorAxis__custom--MiscellaneousMember_zBnBvIBSenOlK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes2lk1mppw5dr5.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.398 0.342 0.204 0.045 0.008 0.003 0.000 0.014 0.075 0.055 0.029 0.067 0.043 0.030 0.615 0.022 0.020 0.030 0.011 0.006 0.081 0.133 0.019 0.013 0.426 0.008 0.295 0.008 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000233919Member_dU_zUBkTypQzCfi" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS*</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 70pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Commonwealth of the Bahamas</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bahamas</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--CommonwealthoftheBahamasMember_zizvrHpQxTPcd" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Absa Bank Ltd., Credit-Linked Note</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--AbsaBankLtdCreditLinkedNoteMember_ztimjBympjmbo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bonos de la Tesoreria</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--BonosdelaTesoreriaMember_zKYwfCpgPTxMJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania Government Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--RomaniaGovernmentBondMember_zBmoGIZgvbPUo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Laos Government International</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lao People's</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Democratic Republic</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--LaosGovernmentInternationalBondMember_zXUkBalsmzhxY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 155pt; font-size: 6pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Republic of Cote d'Ivoire First Lien</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cote D'Ivoire</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--RepublicofCotedIvoireFirstLienTermLoanMember_zPMrgbiGShSmH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Zambia</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zambia</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--RepublicofZambiaMember_zuFlZQvpZQJdf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Kazakhstan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--RepublicofKazakhstanMember_zhPqvyaSxgAzX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Iraq</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iraq</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--RepublicofIraqMember_zvfqPcKbiMGNA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Tajikistan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tajikistan</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--RepublicofTajikistanMember_zPefHeFyMrIBK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233919Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zTDRpvwmNqTJw" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">31.6%</span></div> </td> </tr> </table> </div> </div> </div> 0.063 0.045 0.040 0.028 0.027 0.025 0.024 0.023 0.021 0.020 0.316 Semi-Annual Shareholder Report ARTUX This semi-annual shareholder report contains important information about Artisan Floating Rate Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zdaotyyZcxz4">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zK63WvdoLuS3">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zyqo7cnFZhXj">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80p_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000232415Member_dU_zlGZsLCfrdeAB"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90F_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zKStJxRxSPZdN">Artisan Floating Rate Fund</span> - <span id="xdx_90t_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zVuhrDBeWcpxU">Investor Shares</span></span></div> </td> <td id="xdx_98Y_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zzKQxLJPhTgNS" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$55</span></div> </td> <td id="xdx_98c_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zBmqlcVtXfzQv" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.10%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Floating Rate Fund Investor Shares 55 0.0110 <div id="xdx_80l_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000232415Member_dU_zywadYZArlKYC"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_981_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000232415Member_zzJmUC2SThg9" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$125,338</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98k_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000232415Member_zqbTMhAUOSCex" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">117</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98A_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zIJi5emrFg9l" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$208</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98q_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zpxgypKJBFkcP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26.21%</span></div> </td> </tr> </table> </div> </div> </div> 125338000 117 208000 0.2621 <div id="xdx_80j_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000232415Member_dU_zziApGnwOfOjK"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232415Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zKay5FyKvnc4" style="box-sizing: border-box; text-align-last: auto"> 82.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232415Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zlVl1zMen9H3" style="box-sizing: border-box; text-align-last: auto"> 7.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232415Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zQZ4T4bc00qk" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Preferred Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232415Member__us-gaap--InvestmentTypeAxis__us-gaap--PreferredStockMember_zFkI04SPsrT2" style="box-sizing: border-box; text-align-last: auto"> 0.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232415Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_zQhscDNiBPqi" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232415Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zinn1KBTuNE9" style="box-sizing: border-box; text-align-last: auto"> 9.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1moltldd5.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--OtherCategory1Axis__currency--USD_zLeGTkWaelQgg" style="padding: 0 0 0 0.5px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zEWhPcvgmaXDe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zXGDffiGhqhKQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 23.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zCkefRkyUwuee" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__custom--FinancialsMember_zlhwZdlIoNZwm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__custom--HealthCareMember_zFzNUpryLoJua" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zooTlRyWATpIs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zGmfIYCAqxfgi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zfRWVSbUPMXEF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zFrykbBLvlEDZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zzYYPcprFpDiH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon1vknp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.822 0.073 0.005 0.001 0.000 0.099 1.000 0.038 0.233 0.022 0.221 0.004 0.154 0.153 0.034 0.013 0.128 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000232415Member_dU_zkJcFTBGoloe" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">GSM Holdings, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--GSMHoldingsIncFirstLienTermLoanMember_zKBSIBFQAfhol" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ryan LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--RyanLLCFirstLienTermLoanMember_zymAxoFXkOnLN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nexus Buyer LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--NexusBuyerLLCFirstLienTermLoanMember_zoGUlRpkbBhZd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Delta Topco, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--DeltaTopcoIncFirstLienTermLoanMember_zEBmiTrmpZAbx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TGP Holdings III LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--TGPHoldingsIIILLCFirstLienTermLoanMember_ziFlMlyGUXacH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 190pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19th Holdings Golf LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--NineteenthHoldingsGolfLLCFirstLienTermLoanMember_znvPGWTPknZSE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VT Topco, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--VTTopcoIncFirstLienTermLoanMember_zbAGAwxNuJORc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arches Buyer, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--ArchesBuyerIncFirstLienTermLoanMember_zmmJxfSRJwpde" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TKC Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--TKCHoldingsIncMember_zCNTsJcbeGMIL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">AthenaHealth Group, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--AthenaHealthGroupIncFirstLienTermLoanMember_zMNZrlCaQUEBq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232415Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zfEkkezSkGiil" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.029 0.028 0.025 0.023 0.022 0.022 0.021 0.018 0.017 0.240 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000232415Member_dU_zyUdKdp023i8" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 112px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. <span id="xdx_90A_eoef--MaterialFundChngExpensesTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_za041reZvpf">Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zIe3nC2fZYng">December 1, 2025</span>, the expense limit for Investor Shares, as a percentage of average daily net assets, was lowered from 1.20% to 1.05%. </span> For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_z2JvK6kPOA95">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zLXJZwfOkrqh">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000232415Member_zIe3nC2fZYng">December 1, 2025</span>, the expense limit for Investor Shares, as a percentage of average daily net assets, was lowered from 1.20% to 1.05%. 2025-12-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDUX This semi-annual shareholder report contains important information about Artisan Floating Rate Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zBF0N3V8j2yi">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zPceOeDCAvI4">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_905_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zSlUME6gMGU5">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80p_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000232416Member_dU_zOdrKfofKPrad"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90S_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zheaYDiOMHthW">Artisan Floating Rate Fund</span> - <span id="xdx_90S_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zqDVknURnrYiT">Advisor Shares</span></span></div> </td> <td id="xdx_98n_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zDFhiDKbsSEqA" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$49</span></div> </td> <td id="xdx_98v_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_znsDzYDKMcoln" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.99%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Floating Rate Fund Advisor Shares 49 0.0099 <div id="xdx_80e_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000232416Member_dU_zxPfwKmKIxwWj"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_988_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000232416Member_zFBVzlbKRpk8" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$125,338</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98p_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000232416Member_zurlKzUfHkQwW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">117</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_987_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_z005zOj0oLme" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$208</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98t_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zXHSYWcCrRkKd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26.21%</span></div> </td> </tr> </table> </div> </div> </div> 125338000 117 208000 0.2621 <div id="xdx_80f_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000232416Member_dU_zTbNcwPZznhCd"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232416Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zwJKou6W2s0d" style="box-sizing: border-box; text-align-last: auto"> 82.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232416Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_z83lMnmuCIeb" style="box-sizing: border-box; text-align-last: auto"> 7.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232416Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zv2ohStWOHn7" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Preferred Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232416Member__us-gaap--InvestmentTypeAxis__us-gaap--PreferredStockMember_zirdLpbpfGGa" style="box-sizing: border-box; text-align-last: auto"> 0.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232416Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_zva3G2vBIJ8f" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232416Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zNUUK2oH02uf" style="box-sizing: border-box; text-align-last: auto"> 9.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1moltldd5.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--OtherCategory1Axis__currency--USD_zZETKDQRsMQeT" style="padding: 0 0 0 0.5px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zGtlRTlgHCYrV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zXOAcJZtmicBG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 23.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zijvIuBIJuzJI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__custom--FinancialsMember_zubqLBdJZPBHb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__custom--HealthCareMember_zqIImBuloOadp" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zcIXildjCEczJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zUpcSeNcllIiJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zBRCQsbScHXHe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zrPOCaVlxMrRO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zrSFKmIYooQvZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon1vknp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.822 0.073 0.005 0.001 0.000 0.099 1.000 0.038 0.233 0.022 0.221 0.004 0.154 0.153 0.034 0.013 0.128 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000232416Member_dU_zdu74tSw0Fok" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">GSM Holdings, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--GSMHoldingsIncFirstLienTermLoanMember_zKcqkVHzIqDXV" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ryan LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--RyanLLCFirstLienTermLoanMember_zRzEmuzicgiiV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nexus Buyer LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--NexusBuyerLLCFirstLienTermLoanMember_zzpOBhQWAZcaD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Delta Topco, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--DeltaTopcoIncFirstLienTermLoanMember_zHVMWUQAHGMKP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TGP Holdings III LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--TGPHoldingsIIILLCFirstLienTermLoanMember_zjbbavLPquaaI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 190pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19th Holdings Golf LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--NineteenthHoldingsGolfLLCFirstLienTermLoanMember_zLdiwZXGFEUfO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VT Topco, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--VTTopcoIncFirstLienTermLoanMember_zwsQkMGWwwTGK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arches Buyer, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--ArchesBuyerIncFirstLienTermLoanMember_zYexpBiAvMKMA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TKC Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--TKCHoldingsIncMember_zzmXQpSjKTgtg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">AthenaHealth Group, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--AthenaHealthGroupIncFirstLienTermLoanMember_zkHdMWmaWXSRZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232416Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zztqJvkSeAgFA" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.029 0.028 0.025 0.023 0.022 0.022 0.021 0.018 0.017 0.240 <p id="xdx_80D_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000232416Member_dU_zdNChoOMENF7" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 112px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. <span id="xdx_909_eoef--MaterialFundChngExpensesTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zrQR9WORXTP1">Effective <span id="xdx_908_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zYLOaNjoZFX5">December 1, 2025</span>, the expense limit for Advisor Shares, as a percentage of average daily net assets, was lowered from 1.10% to 0.95%. </span> For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90F_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zDmmpIucMAIa">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_90B_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zNsc9mBS2KKg">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> Effective <span id="xdx_908_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000232416Member_zYLOaNjoZFX5">December 1, 2025</span>, the expense limit for Advisor Shares, as a percentage of average daily net assets, was lowered from 1.10% to 0.95%. 2025-12-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHUX This semi-annual shareholder report contains important information about Artisan Floating Rate Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zSdGGKrV0kH3">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zcq3ItsgGD6f">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_902_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zstuMx8lne9f">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80v_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000232414Member_dU_zKhCCgSyyfKQt"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90j_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zVgChpSDWyTNF">Artisan Floating Rate Fund</span> - <span id="xdx_90s_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zSWWGRNbYjHiU">Institutional Shares</span></span></div> </td> <td id="xdx_98n_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zKdXFQMacaIKN" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$48</span></div> </td> <td id="xdx_98i_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zKPPfjnGGcASk" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.95%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Floating Rate Fund Institutional Shares 48 0.0095 <div id="xdx_80K_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000232414Member_dU_zGsOjJmBgKYOF"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98E_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000232414Member_zGIQwiLiRK6h" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$125,338</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98C_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000232414Member_zGWyqsmUCkCmU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">117</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_988_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zC1y95iqpv4h" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$208</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98r_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zbCPciMBPodAF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26.21%</span></div> </td> </tr> </table> </div> </div> </div> 125338000 117 208000 0.2621 <div id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000232414Member_dU_zhpGIKYwjeuUd"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232414Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zfSn7zXHehGe" style="box-sizing: border-box; text-align-last: auto"> 82.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232414Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zzA06HrwP4y4" style="box-sizing: border-box; text-align-last: auto"> 7.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232414Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_z4wOBNR5dKN1" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Preferred Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232414Member__us-gaap--InvestmentTypeAxis__us-gaap--PreferredStockMember_zVatLPwgtygj" style="box-sizing: border-box; text-align-last: auto"> 0.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232414Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_znK9IRTL4Jm9" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000232414Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_z9G68ZtusOn2" style="box-sizing: border-box; text-align-last: auto"> 9.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1moltldd5.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--OtherCategory1Axis__currency--USD_zYPtyZbQSAxKW" style="padding: 0 0 0 0.5px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zJXfZCIRHvDiF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zDDlWfumZEvYi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 23.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zGQNYrqZWImVK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__custom--FinancialsMember_zVhdeVivZLGln" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__custom--HealthCareMember_zyCyuYbOKjftO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zBcOamBGtfUnX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zbWnuCiuiMATe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zGGSAYGpNsfIZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zxcSxatXWxZbW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zgumtepWSZfld" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon1vknp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.822 0.073 0.005 0.001 0.000 0.099 1.000 0.038 0.233 0.022 0.221 0.004 0.154 0.153 0.034 0.013 0.128 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000232414Member_dU_zWYnhUPqzVAg" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">GSM Holdings, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--GSMHoldingsIncFirstLienTermLoanMember_zwPCrFGnDWeIi" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ryan LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--RyanLLCFirstLienTermLoanMember_zeSUjVvwxAbYb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nexus Buyer LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--NexusBuyerLLCFirstLienTermLoanMember_zPsQIpyHhsFbP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Delta Topco, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--DeltaTopcoIncFirstLienTermLoanMember_zjVikVtuRuZlt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TGP Holdings III LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--TGPHoldingsIIILLCFirstLienTermLoanMember_zJYhUSnxEcLLi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 190pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19th Holdings Golf LLC First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--NineteenthHoldingsGolfLLCFirstLienTermLoanMember_zFfdbuCiASQKf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VT Topco, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--VTTopcoIncFirstLienTermLoanMember_zyGaPeHCHzhkY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arches Buyer, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--ArchesBuyerIncFirstLienTermLoanMember_zHQcrKOOKFzVx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TKC Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--TKCHoldingsIncMember_znkpyIpUSJKgX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">AthenaHealth Group, Inc. First Lien Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--AthenaHealthGroupIncFirstLienTermLoanMember_zPmRPoEwBEGGq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000232414Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zAijPvcIzhrwe" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.029 0.028 0.025 0.023 0.022 0.022 0.021 0.018 0.017 0.240 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000232414Member_dU_zztKSFWjGQXf" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 112px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. <span id="xdx_90A_eoef--MaterialFundChngExpensesTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_ztL1YHW5suA4">Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zXXA88jLAUWh">December 1, 2025</span>, the expense limit for Institutional Shares, as a percentage of average daily net assets, was lowered from 1.05% to 0.90%. </span> For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zQaYh0LIx5lc">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zKNHyopy5o2a">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000232414Member_zXXA88jLAUWh">December 1, 2025</span>, the expense limit for Institutional Shares, as a percentage of average daily net assets, was lowered from 1.05% to 0.90%. 2025-12-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report ARTTX This semi-annual shareholder report contains important information about Artisan Focus Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000179292Member_zGYDd76EouSb">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000179292Member_zR4hehUmdXe">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80Q_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000179292Member_dU_zBTmIwpNJgeDi"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90b_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000179292Member_zsEIlsvLeIHuN">Artisan Focus Fund</span> - <span id="xdx_90q_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000179292Member_zRxhRlvUDgtKl">Investor Shares</span></span></div> </td> <td id="xdx_98O_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000179292Member_zXJDnKYmMvCNl" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$66</span></div> </td> <td id="xdx_98z_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000179292Member_zTbdMjdLuBymC" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.36%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Focus Fund Investor Shares 66 0.0136 <div id="xdx_80Y_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000179292Member_dU_zBQNHqgXiacMb"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000179292Member_zVnreSY0eEje" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,147,240</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98x_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000179292Member_zDdpWgIWqgZcQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_987_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000179292Member_zMAp0oniFcGj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,098</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98Y_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000179292Member_zogKKrdbBBQUj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; border-top-style: none; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">103.37%</span></div> </td> </tr> </table> </div> </div> </div> 1147240000 34 6098000 1.0337 <div id="xdx_80a_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000179292Member_dU_zsSesNAbiXiTn"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000179292Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zfsJZE0RyGLl" style="box-sizing: border-box; text-align-last: auto"> 91.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Options Purchased</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000179292Member__us-gaap--InvestmentTypeAxis__custom--OptionsPurchasedMember_zkIkLtLRyImb" style="box-sizing: border-box; text-align-last: auto"> 1.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000179292Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zoNYVXcXEUL9" style="box-sizing: border-box; text-align-last: auto"> 7.2% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molz182z.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--OtherCategory1Axis__currency--GBP_zCuP1QuhZ1Xl" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--OtherCategory1Axis__currency--USD_zSpaNqAHYGmzO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">93.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zeUSpmpnjgvxa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--IndustrySectorAxis__custom--FinancialsMember_zhkwLUtSLMqub" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--IndustrySectorAxis__custom--HealthCareMember_zWLFBkHsrXQCM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zSjVVHeMAgInM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 29.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zmCkUEQVGqtxB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 35.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zyZrqhIxinLcy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zmCviwmmeFMcp" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.3% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon1yk7s.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.916 0.012 0.072 0.069 0.931 0.010 0.138 0.063 0.293 0.352 0.041 0.103 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000179292Member_dU_zyKxDZiWt5b8" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NVIDIA Corp.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zOjjcHeOwutlp" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rolls-Royce Holdings plc</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; width: 69pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--RollsRoyceHoldingsplcMember_zhaxHXhpWrsQK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Apple, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--AppleIncMember_zaIsdJHcPKOSJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 176pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zynLbbJmnJXmH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Analog Devices, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--AnalogDevicesIncMember_zAhYpSbAvPHXw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Parker-Hannifin Corp.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--ParkerHannifinCorpMember_zLENwzXtkEwET" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Caterpillar, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--CaterpillarIncMember_zVtRAUxqObxpO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Goldman Sachs Group, Inc. (The)</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--GoldmanSachsGroupIncMember_zorZNuzQDfxqF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zrFtEaVSLMmAA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Linde plc</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--LindeplcMember_zIQKurEbqenPf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000179292Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zHJAVAgVJnqLI" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">58.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.092 0.071 0.066 0.066 0.062 0.047 0.045 0.044 0.044 0.043 0.580 Semi-Annual Shareholder Report APDTX This semi-annual shareholder report contains important information about Artisan Focus Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000200633Member_zofw8OlQRNu8">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000200633Member_z9KACIa3kZ76">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80z_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000200633Member_dU_zDxZMFPYPzfoI"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90e_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000200633Member_zzQpLMLlFFVJM">Artisan Focus Fund</span> - <span id="xdx_90I_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000200633Member_zoiHaqxZWKqIB">Advisor Shares</span></span></div> </td> <td id="xdx_98M_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000200633Member_zeauTVixvvWAy" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$56</span></div> </td> <td id="xdx_98J_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000200633Member_zBxWtIctIFWDB" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.14%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Focus Fund Advisor Shares 56 0.0114 <div id="xdx_80u_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000200633Member_dU_zHxmbSVLpMyAA"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98E_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000200633Member_zThXDXZNxHD5" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,147,240</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98x_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000200633Member_zsCCwOsipFdBh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_983_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000200633Member_zw0PBhHtII92" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,098</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98l_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000200633Member_zaFdZLzwjeQfW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; border-top-style: none; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">103.37%</span></div> </td> </tr> </table> </div> </div> </div> 1147240000 34 6098000 1.0337 <div id="xdx_80s_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000200633Member_dU_zykKoRJspDSck"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000200633Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zGq0MZ2LwAB2" style="box-sizing: border-box; text-align-last: auto"> 91.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Options Purchased</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000200633Member__us-gaap--InvestmentTypeAxis__custom--OptionsPurchasedMember_zyc4ZDZxPztl" style="box-sizing: border-box; text-align-last: auto"> 1.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000200633Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zuGgjRJdaKi4" style="box-sizing: border-box; text-align-last: auto"> 7.2% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molz182z.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--OtherCategory1Axis__currency--GBP_zfBErcmlvUnvF" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--OtherCategory1Axis__currency--USD_zMzEhwxLzkygh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">93.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zHHkBROONSWUA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--IndustrySectorAxis__custom--FinancialsMember_zeckLmcgNeRnT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--IndustrySectorAxis__custom--HealthCareMember_zlaAbphjmBaca" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zNwenlkkntMVz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 29.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zAGUUFHKHsXJC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 35.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zZjjbVEuYuIoo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zVGtOgYuCNKUF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.3% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon1yk7s.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.916 0.012 0.072 0.069 0.931 0.010 0.138 0.063 0.293 0.352 0.041 0.103 <p id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000200633Member_dU_zr35EF3I5rZ5" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NVIDIA Corp.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zCIMeLwfToXqG" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rolls-Royce Holdings plc</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; width: 69pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--RollsRoyceHoldingsplcMember_zBvrpzWjuHfhj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Apple, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--AppleIncMember_zSfTcJFipZWRf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 176pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zYkROrCwygNgS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Analog Devices, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--AnalogDevicesIncMember_zYsivbyWBujLr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Parker-Hannifin Corp.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--ParkerHannifinCorpMember_zypBwDyCtSUbM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Caterpillar, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--CaterpillarIncMember_zbRZosSrUGikd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Goldman Sachs Group, Inc. (The)</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--GoldmanSachsGroupIncMember_zjTfQdDOgGYYG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zWGxGFOlUlOpn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Linde plc</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--LindeplcMember_zqvAAxEHrXybV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200633Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zIWwwcwEeZORS" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">58.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.092 0.071 0.066 0.066 0.062 0.047 0.045 0.044 0.044 0.043 0.580 Semi-Annual Shareholder Report APHTX This semi-annual shareholder report contains important information about Artisan Focus Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000200634Member_zHL7FzARoZ6b">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000200634Member_z2hoyKI6GXy4">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80J_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000200634Member_dU_zXtjWcnLUUzXe"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90T_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000200634Member_zjJCTacoKsyoN">Artisan Focus Fund</span> - <span id="xdx_90A_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000200634Member_zbujNemeGEGFs">Institutional Shares</span></span></div> </td> <td id="xdx_98t_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000200634Member_zKZibbpAamtix" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$51</span></div> </td> <td id="xdx_98M_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000200634Member_zDCnKOyfvXNYG" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.05%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Focus Fund Institutional Shares 51 0.0105 <div id="xdx_80u_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000200634Member_dU_zOjgBRGMztRcS"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98B_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000200634Member_zsMRvZo8bOLc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,147,240</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98Z_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000200634Member_zDSRDGmZYjIEa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_984_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000200634Member_zzxeKHV0Nrt6" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,098</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98H_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000200634Member_zsPxGujoMlwJo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; border-top-style: none; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">103.37%</span></div> </td> </tr> </table> </div> </div> </div> 1147240000 34 6098000 1.0337 <div id="xdx_80I_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000200634Member_dU_zBMfWmuIZEbGV"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000200634Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zCGIIuS3SCGl" style="box-sizing: border-box; text-align-last: auto"> 91.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Options Purchased</div> </td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000200634Member__us-gaap--InvestmentTypeAxis__custom--OptionsPurchasedMember_zBHhKmiUzq7e" style="box-sizing: border-box; text-align-last: auto"> 1.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000200634Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zGJ9xD3YsSag" style="box-sizing: border-box; text-align-last: auto"> 7.2% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molz182z.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--OtherCategory1Axis__currency--GBP_zkgSjtfIFyfvs" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--OtherCategory1Axis__currency--USD_zulKmovMdOHKo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">93.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zFXDMCRCHMqmn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--IndustrySectorAxis__custom--FinancialsMember_zSlLzYpbWGQCA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--IndustrySectorAxis__custom--HealthCareMember_zIiAUzOLuAseX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zTtbuDuAPwvBI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 29.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zsmaOMtCdjZrj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 35.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zaGCUbcPkLiLH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zwsbAQgUQrDVX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.3% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon1yk7s.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.916 0.012 0.072 0.069 0.931 0.010 0.138 0.063 0.293 0.352 0.041 0.103 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000200634Member_dU_zFBMNX8CZWt5" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NVIDIA Corp.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zLAVopMPmpDif" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rolls-Royce Holdings plc</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; width: 69pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--RollsRoyceHoldingsplcMember_zvXytHfJwmHYC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Apple, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--AppleIncMember_zxIDnHTbpkBYd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 176pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_znNktxRHxtFqw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Analog Devices, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--AnalogDevicesIncMember_zGSIOVAqxFHuO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Parker-Hannifin Corp.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--ParkerHannifinCorpMember_zSDXHiOAXWUSz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Caterpillar, Inc.</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--CaterpillarIncMember_znKZhSGfIuADd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Goldman Sachs Group, Inc. (The)</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--GoldmanSachsGroupIncMember_zOSdorqIFvFBj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zfwmApssbbeui" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Linde plc</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--LindeplcMember_zgvwOTenKPKOc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000200634Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zRbbSfCnDMjrn" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">58.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.092 0.071 0.066 0.066 0.062 0.047 0.045 0.044 0.044 0.043 0.580 Semi-Annual Shareholder Report APFDX This semi-annual shareholder report contains important information about Artisan Global Discovery Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_z0a3VZCvpw7l">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zfjMHFuK6ML4">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_90F_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zPo0H7cDq5y4">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80j_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000191852Member_dU_zSiYSxlbmBRKB"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90A_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zuECVWNXqVCIU">Artisan Global Discovery Fund</span> - <span id="xdx_90v_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zjUlYHhiEFRab">Investor Shares</span></span></div> </td> <td id="xdx_98B_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zahNsYmZiLAly" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$69</span></div> </td> <td id="xdx_98n_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zrwjzCzgUMVNJ" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.40%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Discovery Fund Investor Shares 69 0.0140 <div id="xdx_80e_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000191852Member_dU_zVTgXjbhqKQgl"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98E_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000191852Member_z5O23JHEtV0f" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$109,179</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98i_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000191852Member_zrJBIgkCEiDTO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">66</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_980_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zlPul0UX39Tl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$752</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98c_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zKMSYWmFKCxbY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">35.63%</span></div> </td> </tr> </table> </div> </div> </div> 109179000 66 752000 0.3563 <div id="xdx_80g_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000191852Member_dU_zrNCzCnzavAAi"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--GeographicRegionAxis__srt--AmericasMember_zaDrJesKMTeVQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 70.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--GeographicRegionAxis__srt--EuropeMember_zRIiMBlwYvQns" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zbWhHvAoQdUtR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zyoxEgwIHHTaS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molyodsf.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--OtherCategory1Axis__currency--GBP_ziDXmWPtIGQVh" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--OtherCategory1Axis__currency--CAD_zCU5Y3vTtAac" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--OtherCategory1Axis__currency--DKK_zOIVGGDbUlzPr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--OtherCategory1Axis__currency--EUR_zunIWOTlasEwi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--OtherCategory1Axis__currency--CHF_zhLoUnIMCxfyJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--OtherCategory1Axis__currency--USD_zrgfcDeUuGfwI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">86.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zosXPAeYNGJPG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zLdFCuSmsyohd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zQDyjWvmkBHaq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__custom--EnergyMember_zHMXeUuXqPYyr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__custom--FinancialsMember_zEIHRXVFMUlxv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__custom--HealthCareMember_zdLNXUdJHSKdy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zqwnSfxQzSMOr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zyzUTwTITQAhW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 16.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zsIkuLSFxXQSl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zPcjGPINZQFRm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zPrdbEgrgLyoi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.0% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon2w5nm.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.702 0.217 0.010 0.017 0.053 0.018 0.010 0.025 0.033 0.861 0.084 0.091 0.029 0.016 0.036 0.276 0.221 0.162 0.010 0.035 0.040 <p id="xdx_803_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000191852Member_dU_zh1DjQJvxqe9" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zpUVDeVndgsxB" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zHgzQKecgCBbL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Modine Manufacturing Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--ModineManufacturingCoMember_zAqXwtKUonWHl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zQhKvBdPydSgj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">RBC Bearings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--RBCBearingsIncMember_zAqsZCiwMpPGA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spotify Technology SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--SpotifyTechnologySAMember_zpjWOhWrIPLGy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">US Foods Holding Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--USFoodsHoldingCorpMember_zobYfLrlpzAEO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Babcock International Group plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--BabcockInternationalGroupplcMember_zWZpmdfjYjPrL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">West Pharmaceutical Services, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--WestPharmaceuticalServicesIncMember_zJLGHwNFtApkZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Woodward, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--WoodwardIncMember_zTXqIXrjySQLV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191852Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zQwuMBdEhhcXk" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">33.2%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.052 0.040 0.038 0.035 0.031 0.030 0.028 0.027 0.027 0.024 0.332 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000191852Member_dU_z1K6J78KRV7g" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_z06masdV5Ug8">February 1, 2026</span>, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_zmTwB45FUn0d">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000191852Member_z1ymYxPdy6H2">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDDX This semi-annual shareholder report contains important information about Artisan Global Discovery Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_z3pR3nn6nv1g">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zAVRhOOwTjKh">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_90F_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_z9LRBJQyQgP3">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80H_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000217727Member_dU_zXWreinFJhwuV"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90j_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zceniszFRsYHX">Artisan Global Discovery Fund</span> - <span id="xdx_90V_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zqrpKvIQLvJDl">Advisor Shares</span></span></div> </td> <td id="xdx_98P_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zWITqjLvkItve" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$64</span></div> </td> <td id="xdx_98i_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zfsDxsBSBXkHi" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.30%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Discovery Fund Advisor Shares 64 0.0130 <div id="xdx_80A_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000217727Member_dU_zECgLNTGpofIf"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000217727Member_zSlg0cIWs3C6" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$109,179</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98K_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000217727Member_zLKewfWihXGEB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">66</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_980_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_z6UI7aP4hfA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$752</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98Q_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zZzjZYuQDUPDz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">35.63%</span></div> </td> </tr> </table> </div> </div> </div> 109179000 66 752000 0.3563 <div id="xdx_80S_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000217727Member_dU_zQNLIbHmvpqTG"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--GeographicRegionAxis__srt--AmericasMember_zwRAqqSRjMVOR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 70.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--GeographicRegionAxis__srt--EuropeMember_zULCAZKBrsIxL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zSRbcoNDNtqrV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zhwZXQWzxFPtM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molyodsf.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--OtherCategory1Axis__currency--GBP_zaGVKRUtUBRPG" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--OtherCategory1Axis__currency--CAD_zqNZMXtPmqSbe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--OtherCategory1Axis__currency--DKK_zHhbHhtylUSzk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--OtherCategory1Axis__currency--EUR_zMvNBtGUpaQns" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--OtherCategory1Axis__currency--CHF_zOXKmITXSHiSW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--OtherCategory1Axis__currency--USD_zTuPcIjMuoZeg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">86.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zxnnxAyeMWHsy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zmOglYxTbkExX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zRxzAIiexQUPC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__custom--EnergyMember_zCIRYdufYgqwP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__custom--FinancialsMember_zbnQMeYKlraBD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__custom--HealthCareMember_znupXVTwcJezE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zDJgpFphbJQHv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zdaurBhzmxFFV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 16.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zDHnroWiHfPaG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zEwiXuUGfyqub" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zCvhKkZmMPKhJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.0% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon2w5nm.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.702 0.217 0.010 0.017 0.053 0.018 0.010 0.025 0.033 0.861 0.084 0.091 0.029 0.016 0.036 0.276 0.221 0.162 0.010 0.035 0.040 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000217727Member_dU_zf9gfxgS4Mv2" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zKccdlBqIalRh" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zskEUmEDctOCz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Modine Manufacturing Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--ModineManufacturingCoMember_zuWPLVQBLfGtk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zwXJTToJSsMxt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">RBC Bearings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--RBCBearingsIncMember_zuSrAhKJHegIo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spotify Technology SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--SpotifyTechnologySAMember_zLTzYmqHYKiOB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">US Foods Holding Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--USFoodsHoldingCorpMember_znrtDODROWUqh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Babcock International Group plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--BabcockInternationalGroupplcMember_zXoodUEzzBHRd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">West Pharmaceutical Services, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--WestPharmaceuticalServicesIncMember_zkEbBWhiZhcBD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Woodward, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--WoodwardIncMember_zfzHniSRGAmBV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217727Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zomrHIZqaWDRY" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">33.2%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.052 0.040 0.038 0.035 0.031 0.030 0.028 0.027 0.027 0.024 0.332 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000217727Member_dU_zOmeEr9gIXuc" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zCRc49WrI4p3">September 30, 2025</span>. Effective February 1, 2026, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zwsjkeLkqhrf">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000217727Member_zO4zmx9oJCDf">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2025-09-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHDX This semi-annual shareholder report contains important information about Artisan Global Discovery Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zrg6ZGVI4nk">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zlVUNgeesY8g">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_908_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zPUfx7tsSOO8">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80s_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000191853Member_dU_zeIdrQPANUuwn"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90f_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zLTKRQLJGHMlQ">Artisan Global Discovery Fund</span> - <span id="xdx_90V_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zvCFJcUYJmggD">Institutional Shares</span></span></div> </td> <td id="xdx_98z_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zIMVTzxqFOgGq" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$56</span></div> </td> <td id="xdx_98N_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zRyPMlXnWfxeE" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.15%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Discovery Fund Institutional Shares 56 0.0115 <div id="xdx_80B_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000191853Member_dU_zaCXfjzLIIDlO"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_982_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000191853Member_zvAgr3pvbgUb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$109,179</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98W_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000191853Member_zEyFcFWUCNEuI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">66</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_982_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zuZIVsw5bhn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$752</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zgVuUTksEVwNU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">35.63%</span></div> </td> </tr> </table> </div> </div> </div> 109179000 66 752000 0.3563 <div id="xdx_80h_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000191853Member_dU_zmkhsjYApJLxu"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--GeographicRegionAxis__srt--AmericasMember_zYBidSFuDPjOy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 70.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--GeographicRegionAxis__srt--EuropeMember_zxhmQhMRFksHB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zayYqMNtMPUZT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zdqYcBprejpsb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molyodsf.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--OtherCategory1Axis__currency--GBP_zTJLIEcYBFgCS" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--OtherCategory1Axis__currency--CAD_zdAMnHkrvaRsr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--OtherCategory1Axis__currency--DKK_zFcAXciVSdwRH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--OtherCategory1Axis__currency--EUR_zcYZvTgEChqOh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--OtherCategory1Axis__currency--CHF_zwupeAAEpkyJc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--OtherCategory1Axis__currency--USD_zlqxKNlqFBvLK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">86.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zHnqFVQgqFgap" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zDceCVYCUIWUQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zzpyjZeEPAQJT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__custom--EnergyMember_zKQlcfOIUynjV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__custom--FinancialsMember_zvxoumnZVipYt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__custom--HealthCareMember_zeeDKiccWeGFk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_ztDQjqtnRtbUP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zAZILgpBwFFYc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 16.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zuNyIIgfVvToy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zwupMRxfrpsQL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zluOLlhejTgZe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.0% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon2w5nm.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.702 0.217 0.010 0.017 0.053 0.018 0.010 0.025 0.033 0.861 0.084 0.091 0.029 0.016 0.036 0.276 0.221 0.162 0.010 0.035 0.040 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000191853Member_dU_zh0FGk2bV0z9" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zUscPvsGAsYQl" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zCBkpyYDGNidN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Modine Manufacturing Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--ModineManufacturingCoMember_zCebTigYqfHCk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zAKFMrMxeQviS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">RBC Bearings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--RBCBearingsIncMember_zsPjuraFRCNfT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spotify Technology SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--SpotifyTechnologySAMember_zYrCyTncUIFCe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">US Foods Holding Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--USFoodsHoldingCorpMember_zWvOSeMgvgSLi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Babcock International Group plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--BabcockInternationalGroupplcMember_zvTaomYzMzjPt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">West Pharmaceutical Services, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--WestPharmaceuticalServicesIncMember_zRCsUCTxdVrKo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Woodward, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--WoodwardIncMember_zpQceKNxDEYir" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000191853Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zPsleKXeWAhWK" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">33.2%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.052 0.040 0.038 0.035 0.031 0.030 0.028 0.027 0.027 0.024 0.332 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000191853Member_dU_z8oRWxh5phBh" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zLfVXZBuzVgk">February 1, 2026</span>, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zIgRhzYgZYNj">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000191853Member_zJePNLqDkDO5">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report ARTHX This semi-annual shareholder report contains important information about Artisan Global Equity Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zfcoEXLimVM8">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zGafdsn0uL92">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zhlpjjAjpds8">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80s_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000086273Member_dU_zAoykbniPBzfm"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90g_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zFbVyhKPbdDWW">Artisan Global Equity Fund</span> - <span id="xdx_90N_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zIotTUzTkfIOT">Investor Shares</span></span></div> </td> <td id="xdx_98s_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zplLlEJxCtOEA" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$66</span></div> </td> <td id="xdx_98k_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zwXFhoJCUAcQC" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.31%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Equity Fund Investor Shares 66 0.0131 <div id="xdx_80n_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000086273Member_dU_zPfFoKKITvaAX"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000086273Member_zObHcBf08U1h" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$198,653</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98G_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000086273Member_zPESBAgBEZuKf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">66</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_989_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zp0tyIHoZbo2" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$917</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98s_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zPjSvRdEUKtJb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">103.79%</span></div> </td> </tr> </table> </div> </div> </div> 198653000 66 917000 1.0379 <div id="xdx_80W_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000086273Member_dU_zzjnmUEKEXYvV"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--GeographicRegionAxis__srt--EuropeMember_zRottPKcApIOi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 39.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--GeographicRegionAxis__srt--AmericasMember_zvNnViwbxVWLR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zmBOptJUQNJnf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 34.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zgrOIPbTqYmad" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.8% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molyp8jt.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--GBP_zpJYeXqcKHlWM" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zmThBYpPLVcxk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--DKK_zpxWcqYbvVOlf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--EUR_zagnVXwPphMEC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--HKD_zAGcthqmhEmKv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--JPY_zTPZCqmHhGRph" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--KRW_zwwksSHCegmvD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--TWD_zcfMKnvJyKLTk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swedish krona</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--SEK_zsJrYviEZEQhI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__currency--USD_zTyGXsinubxGE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--OtherCategory1Axis__custom--OtherMember_zJnRHKmdCbbzT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zpDWhBBKCkaod" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zkkxyVonDgMCx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zeqJDKJUKocqY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__custom--EnergyMember_zDNcAukGakRVx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__custom--FinancialsMember_zHHwhIPvXvOXM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__custom--HealthCareMember_zobTUktYSaIxK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zdFyJhngbtpLj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 33.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zEgbRVYKgcfGG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zyeTMdDoBjDoM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zjoORxnxnIODQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zJVrALTHtuBed" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zEqSLHYFhNHtJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon2zqli.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.395 0.124 0.341 0.118 0.196 0.047 0.015 0.214 0.055 0.104 0.116 0.039 0.031 0.165 0.018 0.154 0.012 0.100 0.020 0.133 0.042 0.334 0.050 0.017 0.023 0.089 0.026 <p id="xdx_807_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000086273Member_dU_z1nXMMlCdU4j" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SPIE SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--SPIESAMember_zBteImkeuHkiE" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">National Grid plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--NationalGridplcMember_zvXyxIQKUATbm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tesco plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 70pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--TescoplcMember_zqPITmdEccMUh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zzfNibuujkazT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SKY Perfect JSAT Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--SKYPerfectJSATCorpMember_zMyvamFgySPZB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">T-Mobile US, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--TMobileUSIncMember_zpaYUXispOnyd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alpha Bank SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Greece</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--AlphaBankSAMember_zPqiksstVxBRA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ovzon AB</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--OvzonABMember_zpZSpdYXclBYM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Contemporary Amperex Technology Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--ContemporaryAmperexTechnologyCoLtdMember_zjztlrDhryLbs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SSE plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--SSEplcMember_zZTNAlDxPaobQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000086273Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zteawLenebkWs" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">35.4%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.042 0.040 0.039 0.037 0.036 0.036 0.033 0.031 0.030 0.030 0.354 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000086273Member_dU_zP18ZIHY9RX1" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 9pt/11pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; min-height: 132.04px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. <span id="xdx_907_eoef--MaterialFundChngStrategiesTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zCw90yMem7f6">Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zmLgsU0UGvQc">November 24, 2025</span>, the Fund's emerging market exposure limit was updated from 30% of net assets to 40%. Effective November 24, 2025, </span> Andrew Euretig is no longer a portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zmYGCJQDEQwi">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zNVuxePxOp7j">800.344.1770</span>.</p> </div> Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000086273Member_zmLgsU0UGvQc">November 24, 2025</span>, the Fund's emerging market exposure limit was updated from 30% of net assets to 40%. Effective November 24, 2025, 2025-11-24 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDHX This semi-annual shareholder report contains important information about Artisan Global Equity Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zxaWgGSF1Vk7">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zsFEvv0yzu7l">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zlu96RutY0p6">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80T_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000221236Member_dU_zqYlsLXshYrog"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90k_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zRAoulEiyrqUR">Artisan Global Equity Fund</span> - <span id="xdx_90w_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zDQWEmqhPEuur">Advisor Shares</span></span></div> </td> <td id="xdx_98t_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zfinhfqOMqIen" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$63</span></div> </td> <td id="xdx_98N_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zNmHvCnsLmdiE" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.25%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Equity Fund Advisor Shares 63 0.0125 <div id="xdx_80r_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000221236Member_dU_zCIbjPtQCMUCi"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000221236Member_zGZFsN8o8sz6" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$198,653</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98K_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000221236Member_zcMwKUMJOOEaw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">66</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98A_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zFb8bUeI2ack" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$917</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98R_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zqonNOrwuaecW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">103.79%</span></div> </td> </tr> </table> </div> </div> </div> 198653000 66 917000 1.0379 <div id="xdx_80w_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000221236Member_dU_zHGoMbDWUKYzP"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--GeographicRegionAxis__srt--EuropeMember_zYnxVEidbQkYH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 39.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--GeographicRegionAxis__srt--AmericasMember_zFzScFigcnmRV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zgvSFbtFSMtAA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 34.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zqwLnpqDntcuE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.8% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molyp8jt.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--GBP_zcMxwXESyaXce" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zQYqWiYvXjSNE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--DKK_zbLYWgzLVoDlA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--EUR_zbLnCfCAIiQFg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--HKD_zgzFwVOSiUdfc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--JPY_zoVbRDUHeqeth" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--KRW_zhfejbydYyvaf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--TWD_zRskgCBgOwwyG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swedish krona</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--SEK_zojBqDdpSgLMw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__currency--USD_zwQerdJAitLyi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--OtherCategory1Axis__custom--OtherMember_zKApqZeMKyZZF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zshButoWRjxSR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zUNrQhEaBzTAh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zYzEYhjNUXXtx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__custom--EnergyMember_zqVyTaZgUmXsJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__custom--FinancialsMember_zXLfzjSXuDSXN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__custom--HealthCareMember_znqSeFAxJYXQw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zHzGhoJQfFeEw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 33.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zRIULrGlqcEQx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zPPcDYkRZtDoM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zcMplLxPMjeTo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zIDevTyZfXUoL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zazltwHPUwkUW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon2zqli.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.395 0.124 0.341 0.118 0.196 0.047 0.015 0.214 0.055 0.104 0.116 0.039 0.031 0.165 0.018 0.154 0.012 0.100 0.020 0.133 0.042 0.334 0.050 0.017 0.023 0.089 0.026 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000221236Member_dU_zIGFRdNJ3HV7" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SPIE SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--SPIESAMember_zdQcQXrjFBHEA" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">National Grid plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--NationalGridplcMember_zqzdvmTzXArog" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tesco plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 70pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--TescoplcMember_zqGALnqtwEZJI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zewFLsbZeZUrf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SKY Perfect JSAT Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--SKYPerfectJSATCorpMember_zPPjIpDFoGSCY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">T-Mobile US, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--TMobileUSIncMember_zWkwHiUmMzJnD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alpha Bank SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Greece</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--AlphaBankSAMember_zZZTrFXDiRxWZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ovzon AB</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--OvzonABMember_zqRBUtjHdpUam" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Contemporary Amperex Technology Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--ContemporaryAmperexTechnologyCoLtdMember_zaTQmURyWtzpc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SSE plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--SSEplcMember_zNnQGuGKfqRXk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000221236Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zjxPFdemyPIRY" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">35.4%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.042 0.040 0.039 0.037 0.036 0.036 0.033 0.031 0.030 0.030 0.354 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000221236Member_dU_z7U25qdsgjG1" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 9pt/11pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; min-height: 132.04px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. <span id="xdx_90B_eoef--MaterialFundChngStrategiesTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_ziXPQrorve2j">Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zNnEwtXlXSU6">November 24, 2025</span>, the Fund's emerging market exposure limit was updated from 30% of net assets to 40%. </span> Effective November 24, 2025, Andrew Euretig is no longer a portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_z5VthO8qSJ9j">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zv5VzhLJRk98">800.344.1770</span>.</p> </div> Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000221236Member_zNnEwtXlXSU6">November 24, 2025</span>, the Fund's emerging market exposure limit was updated from 30% of net assets to 40%. 2025-11-24 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHHX This semi-annual shareholder report contains important information about Artisan Global Equity Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zUuHaSCgif9d">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zIvuadDlvUvk">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zP4tENO6tpz5">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80t_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000161820Member_dU_zewtaIMmtiytF"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90g_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zzPbeBqJlXvqG">Artisan Global Equity Fund</span> - <span id="xdx_90E_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zctlcFbZiyafk">Institutional Shares</span></span></div> </td> <td id="xdx_98a_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zbUazILjzzBfm" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$54</span></div> </td> <td id="xdx_98M_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zRGOnHIWfzuYQ" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.07%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Equity Fund Institutional Shares 54 0.0107 <div id="xdx_80o_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000161820Member_dU_zNJLaMVUcGwDs"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_982_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000161820Member_zy2yWqUyoWuc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$198,653</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98m_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000161820Member_zjSmEKKYRzOcU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">66</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_985_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_z1qIgfktKxng" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$917</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98T_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zalZPAZkBFCne" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">103.79%</span></div> </td> </tr> </table> </div> </div> </div> 198653000 66 917000 1.0379 <div id="xdx_80a_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000161820Member_dU_zWwysweUGqDUi"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--GeographicRegionAxis__srt--EuropeMember_zkyALACflqJDs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 39.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--GeographicRegionAxis__srt--AmericasMember_zQncreOLEUJTR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zqghHwaFsFdHR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 34.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zOkziPdCKgXwI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.8% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molyp8jt.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--GBP_zKVnFBOiOxsYa" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zhefLksQnIwhV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--DKK_zMtdzeZqUHqgY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--EUR_zmiEUawdADgZG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--HKD_zjBNrcMxdMrIw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--JPY_zhLcpGUhOFxLP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--KRW_zFJxwqbhHmpbC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--TWD_zBFrkNWDcCthp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swedish krona</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--SEK_zPxsWYkUWEeZs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__currency--USD_zypJFmzGQOMXM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--OtherCategory1Axis__custom--OtherMember_zYBWnmusrdnyC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zCkvtmfYgWJZk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zSiWwUUMnjDTL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zPcYfeRfmRtNq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__custom--EnergyMember_zQnVhcbUrfxxL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__custom--FinancialsMember_zbwsWXiwCGPPx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__custom--HealthCareMember_zyUSkLcUUkZui" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zsEzSgFHWxDps" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 33.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_ziKrjElsGEycZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zUVmmpTyVVNrn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zuQrgDTWMQRpC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zpqWDmSWtuNEr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zJxHMdVMTWphI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon2zqli.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.395 0.124 0.341 0.118 0.196 0.047 0.015 0.214 0.055 0.104 0.116 0.039 0.031 0.165 0.018 0.154 0.012 0.100 0.020 0.133 0.042 0.334 0.050 0.017 0.023 0.089 0.026 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000161820Member_dU_zmw8GQH67qZd" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SPIE SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--SPIESAMember_zHcXDLpCgyBWP" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">National Grid plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--NationalGridplcMember_zKnOwcVBXQnKT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tesco plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 70pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--TescoplcMember_zNOmCjxLFCkVq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zwJkwYvGxoyMc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SKY Perfect JSAT Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--SKYPerfectJSATCorpMember_zdwMUKTxDiysU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">T-Mobile US, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--TMobileUSIncMember_zkItGkmpVZRqU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alpha Bank SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Greece</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--AlphaBankSAMember_zNMjxvECWnxtm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ovzon AB</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--OvzonABMember_zDpIvYUFnTrtY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Contemporary Amperex Technology Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--ContemporaryAmperexTechnologyCoLtdMember_zdbozOEznrjUI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SSE plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--SSEplcMember_zOZFmVERfJKSV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000161820Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zhqwmcamkLvxt" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">35.4%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.042 0.040 0.039 0.037 0.036 0.036 0.033 0.031 0.030 0.030 0.354 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000161820Member_dU_zzyarGAA6cN2" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 9pt/11pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; min-height: 132.04px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. <span id="xdx_90E_eoef--MaterialFundChngStrategiesTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zm9cRAR0ryWk">Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zvPbz1JrVcIa">November 24, 2025</span>, the Fund's emerging market exposure limit was updated from 30% of net assets to 40%. </span> Effective November 24, 2025, Andrew Euretig is no longer a portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_z2PkjV0qBsb">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zqjQ69Rt7c18">800.344.1770</span>.</p> </div> Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000161820Member_zvPbz1JrVcIa">November 24, 2025</span>, the Fund's emerging market exposure limit was updated from 30% of net assets to 40%. 2025-11-24 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report ARTRX This semi-annual shareholder report contains important information about Artisan Global Opportunities Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zdBDCzRRAU91">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zMigBULgySw3">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_907_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_z0hkaNNo5Hhh">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80k_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000068053Member_dU_zJAtxHpjMOqht"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90Y_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zDCuumUiCzreU">Artisan Global Opportunities Fund</span> - <span id="xdx_90m_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zZUZBeMynePvd">Investor Shares</span></span></div> </td> <td id="xdx_98P_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zUECxTKGKACZt" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$58</span></div> </td> <td id="xdx_98I_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zLwYRDsOmAYxb" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.20%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Opportunities Fund Investor Shares 58 0.0120 <div id="xdx_80e_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000068053Member_dU_zKIbOksAyYmyL"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_989_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000068053Member_z0On495Kthsg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,525,566</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98F_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000068053Member_zVvgKXZKzTotw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">47</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_981_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zZO87AizV0g4" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$8,096</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98z_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zNqEpYhGVBLOB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">41.29%</span></div> </td> </tr> </table> </div> </div> </div> 1525566000 47 8096000 0.4129 <div id="xdx_80D_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000068053Member_dU_zXOIXfGfLbqHh"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--GeographicRegionAxis__srt--AmericasMember_zmrDUQaRmjSKX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 67.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--GeographicRegionAxis__srt--EuropeMember_zCkcDncnqtIhx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zIKNqbmpZNyfP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zzhrJKNXlIkfL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.5% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molyq3gk.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--OtherCategory1Axis__currency--GBP_zwYMFqOhvGEuu" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--OtherCategory1Axis__currency--EUR_zJvYscuJEtxwB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--OtherCategory1Axis__currency--HKD_zzFMgJaigVklR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--OtherCategory1Axis__currency--JPY_zOIaGDBPaNgIx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--OtherCategory1Axis__currency--TWD_zFqOBaKhrQSIF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--OtherCategory1Axis__currency--CHF_zAtHQzqBDECUI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--OtherCategory1Axis__currency--USD_zQuwAnkTHdBwG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">77.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zxIFQYIPsVRpe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zSUWSEmutrEGv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__custom--EnergyMember_zyRRqwIlrBDwr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__custom--FinancialsMember_zCVvOyniYrySA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__custom--HealthCareMember_zzrUJDlGFEQGA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zdJnycHqUfJgv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 20.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zxspCMtpAUAON" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 17.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zIcRyMZxfXzSl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zUEvgMXMTNCua" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zhRRjDtlNXRNA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon31k4c.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.673 0.188 0.078 0.025 0.101 0.024 0.036 0.011 0.037 0.014 0.777 0.067 0.111 0.061 0.083 0.228 0.203 0.170 0.024 0.025 0.028 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000068053Member_dU_z1k3w3ZLrEV8" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zkIEdkwqSjFMq" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">BAE Systems plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 70pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--BAESystemsplcMember_zLCWRJTrTVdig" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zFxgmnJuHhRHa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zXXkeuaKiAmrT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Broadcom, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zirukTEnUBOMx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">GE Vernova, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--GEVernovaIncMember_znnXqEbcbVfUr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zUwJxoKEcUQWs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Baker Hughes Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--BakerHughesCoMember_zPmhJTPfNlZyo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">L3Harris Technologies, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--LHarrisTechnologiesIncMember_zRrySCgmnltuO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zjUhuWBKMkuEX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000068053Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zVmDGYyQVgRkz" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">41.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.061 0.047 0.040 0.039 0.039 0.038 0.037 0.037 0.036 0.036 0.410 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000068053Member_dU_zhnvsllhapTd" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zSdDgE3JBC26">February 1, 2026</span>, Angela Wu was named co-lead portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_z1N1WlpVfxxa">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000068053Member_zY4KQUJJiSc">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDRX This semi-annual shareholder report contains important information about Artisan Global Opportunities Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zZv87lpJJyY8">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zUtllEPd0zCc">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_903_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_ztqkUphFhn6i">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000141340Member_dU_zjbPhXkbezaCJ"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90D_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zmvDcaOcVYvNv">Artisan Global Opportunities Fund</span> - <span id="xdx_90p_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zRpuMhJDGGQof">Advisor Shares</span></span></div> </td> <td id="xdx_98q_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zemQCqPpWoJtN" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$52</span></div> </td> <td id="xdx_98I_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zyhpGOOSpTXeR" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.08%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Opportunities Fund Advisor Shares 52 0.0108 <div id="xdx_80q_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000141340Member_dU_znKnYmlqZdkzb"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_988_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000141340Member_zwQQP12rtccc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,525,566</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98T_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000141340Member_zvQnBjtBpxznF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">47</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98F_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zXInDUZ0yBfb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$8,096</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98d_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zVgfCJQCILZmp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">41.29%</span></div> </td> </tr> </table> </div> </div> </div> 1525566000 47 8096000 0.4129 <div id="xdx_80y_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000141340Member_dU_zOsbolzeqMzEz"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--GeographicRegionAxis__srt--AmericasMember_zAmleQFXJlSGb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 67.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--GeographicRegionAxis__srt--EuropeMember_zHVLJOrNICuhu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zVfVEVkBWCYyv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zHicukLxgFQJW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.5% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molyq3gk.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--OtherCategory1Axis__currency--GBP_ztSoGmijhQjlT" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--OtherCategory1Axis__currency--EUR_zKqegdPoJYktL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--OtherCategory1Axis__currency--HKD_zAVBSHOLZjNwL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--OtherCategory1Axis__currency--JPY_zTuvkxtdCdmso" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--OtherCategory1Axis__currency--TWD_zohTCuVwTLIxD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--OtherCategory1Axis__currency--CHF_zoQJvzFjaXSjC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--OtherCategory1Axis__currency--USD_zpymGaSjAtRQA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">77.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zdYOjqnzKJlPz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zFzCVgXXIwuEW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__custom--EnergyMember_zSTEaLEcNYryk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__custom--FinancialsMember_zdiRCumtMoXWy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__custom--HealthCareMember_zvhgOPjJYIpwV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zlVRlJRHDFCSm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 20.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zldPqyWAFJEqr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 17.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zBfXbNRHedIcJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zIgnXuvwzCCJL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zchFYNcUTCsUS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon31k4c.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.673 0.188 0.078 0.025 0.101 0.024 0.036 0.011 0.037 0.014 0.777 0.067 0.111 0.061 0.083 0.228 0.203 0.170 0.024 0.025 0.028 <p id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000141340Member_dU_zMTMS0QA8pz6" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zmTRgqhtGZmjf" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">BAE Systems plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 70pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--BAESystemsplcMember_zxGunBsFmaodK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zisWtyXSTlodb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zHMLtrPYgGcnF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Broadcom, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zQzIYDAxfOWgn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">GE Vernova, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--GEVernovaIncMember_zxzfRKlmuwJQY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zDvFgHHxCMnaD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Baker Hughes Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--BakerHughesCoMember_zhrerjxkdQnXR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">L3Harris Technologies, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--LHarrisTechnologiesIncMember_zPMIZqkMFTKHX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zBunTijIquFqE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141340Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zowKsJILUmVsP" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">41.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.061 0.047 0.040 0.039 0.039 0.038 0.037 0.037 0.036 0.036 0.410 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000141340Member_dU_zjuh1veqngP6" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zy2ytNVm6fTg">February 1, 2026</span>, Angela Wu was named co-lead portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zaBL350TJoHg">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141340Member_zeXdsjrqTCii">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHRX This semi-annual shareholder report contains important information about Artisan Global Opportunities Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zHXtzBrsit5c">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zrQwRHjchbYi">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_901_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zQZefXrSoNt2">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80p_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000103057Member_dU_zJoeBrlSxEnwV"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90L_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zzPbcyrKWcNBV">Artisan Global Opportunities Fund</span> - <span id="xdx_90w_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zHdQkaKRfffyV">Institutional Shares</span></span></div> </td> <td id="xdx_98p_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zvbyzJZEIySKe" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$47</span></div> </td> <td id="xdx_98w_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zdXkYHZIIhHvi" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.96%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Opportunities Fund Institutional Shares 47 0.0096 <div id="xdx_80M_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000103057Member_dU_zKpiqqrSBeriT"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98B_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000103057Member_zFdw4WJdKUZb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,525,566</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98E_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000103057Member_zYQXisdHyhIAO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">47</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_988_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zKX6i1785hu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$8,096</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98D_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zzHArlrNngglU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">41.29%</span></div> </td> </tr> </table> </div> </div> </div> 1525566000 47 8096000 0.4129 <div id="xdx_80s_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000103057Member_dU_zQHdrePfeBUxr"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--GeographicRegionAxis__srt--AmericasMember_zZkTNPDVXvaMf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 67.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--GeographicRegionAxis__srt--EuropeMember_zhjXJQaeQlhCF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zxBWLukXKDLXv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zEOcgormIeEyN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.5% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molyq3gk.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--OtherCategory1Axis__currency--GBP_zPKxfScIeYfai" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--OtherCategory1Axis__currency--EUR_zAhEVZCcRGNPe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--OtherCategory1Axis__currency--HKD_zPWAgXsKARscJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--OtherCategory1Axis__currency--JPY_zeJMlFjyJOYBH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--OtherCategory1Axis__currency--TWD_zkGGUmxBUVbVb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--OtherCategory1Axis__currency--CHF_zSFdOZTbhAkCI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--OtherCategory1Axis__currency--USD_zkZLOkEQaSdBa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">77.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zdPuzRBRxvbSJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zQPuqetADCsSn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__custom--EnergyMember_zyryRMuoiFfZq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__custom--FinancialsMember_zEFcygLHIXiSe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__custom--HealthCareMember_zbmCvlrLwdiys" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zGqbJwUYgGnhz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 20.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zULRSbuRdfsTk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 17.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zpNJnFLcltmBg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zTfiuLiHhFRXO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zZaBnZhKMiCPb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon31k4c.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.673 0.188 0.078 0.025 0.101 0.024 0.036 0.011 0.037 0.014 0.777 0.067 0.111 0.061 0.083 0.228 0.203 0.170 0.024 0.025 0.028 <p id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000103057Member_dU_zwlWTJTVZwDb" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zMdtfLMgavtxz" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">BAE Systems plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 70pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--BAESystemsplcMember_zUrcVHLbvGeVj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zOAAOxGRUyXlo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zjKerWeBfpQYz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Broadcom, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zENOXmyqlJuss" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">GE Vernova, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--GEVernovaIncMember_zBffsvdKquoeo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_znhqUxcbbXTpU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Baker Hughes Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--BakerHughesCoMember_zuyjZsdifvJuZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">L3Harris Technologies, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--LHarrisTechnologiesIncMember_zuUmWMcSwxDIW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zkXvjixxYpxdz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103057Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zvMGmRgOagROG" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">41.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.061 0.047 0.040 0.039 0.039 0.038 0.037 0.037 0.036 0.036 0.410 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000103057Member_dU_zwQN5DBnUKuf" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zQigGd9Kvjhi">February 1, 2026</span>, Angela Wu was named co-lead portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zzWsx5ARP574">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000103057Member_zaKIkO8dlrS9">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APFPX This semi-annual shareholder report contains important information about Artisan Global Unconstrained Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000233923Member_zGmedNJqC6kg">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000233923Member_zjosDD9Oo8N">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80c_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000233923Member_dU_zOFHXNvVYOcLe"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90A_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000233923Member_zRHFjilbeMJtB">Artisan Global Unconstrained Fund</span> - <span id="xdx_90E_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000233923Member_zxHDXgHNSYAUW">Investor Shares</span></span></div> </td> <td id="xdx_98k_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000233923Member_zoseVBlWXQStX" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$115</span></div> </td> <td id="xdx_98M_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000233923Member_zsHXCaqkQETze" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.21%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Unconstrained Fund Investor Shares 115 0.0221 <div id="xdx_80N_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000233923Member_dU_zaoDRBZCUKide"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_982_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000233923Member_zPciluR8YEcb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,021,899</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98d_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000233923Member_zwHhucfqOORZs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">600</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_989_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000233923Member_zPK2kgmmJIHk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$3,228</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98D_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000233923Member_zovwfFKRVDpml" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.79%</span></div> </td> </tr> </table> </div> </div> </div> 1021899000 600 3228000 0.5079 <div id="xdx_80Z_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000233923Member_dU_zupSINFGApaRK"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__custom--SovereignGovernmentBondsMember_zs8Ni3FDYgHe" style="box-sizing: border-box; text-align-last: auto"> 25.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zLByoPuHRcKd" style="box-sizing: border-box; text-align-last: auto"> 13.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zrJSFBTePyB2" style="box-sizing: border-box; text-align-last: auto"> 5.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_ziDO6ZRqFXdj" style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__custom--MiscellaneousMember_z7FC0F0sgpyk" style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Closed End Fund</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__custom--ClosedEndFundMember_zoRGh2URziSc" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Convertible Bond</div> </td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__custom--ConvertibleBondMember_z8mOwwIxoA5e" style="box-sizing: border-box; text-align-last: auto"> 0.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Options Purchased</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__custom--OptionsPurchasedMember_zzBbRxDLuLB6" style="box-sizing: border-box; text-align-last: auto"> 0.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_zCuQFyp4bVx7" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233923Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zq7Yg4oL0gli" style="box-sizing: border-box; text-align-last: auto"> 51.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qeseylk1mppw83xd.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Egyptian pound</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--EGP_zEbUKvivssjjN" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--EUR_zggrzWNiLoQkH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iceland krona</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--ISK_zJfNvjagYEXWJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan tenge</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--KZT_zrCjMZKyQVXTV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nigerian naira</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--NGN_zONdcUfJiFkrB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norwegian krone</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--NOK_zobbFtHxqokvL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peruvian nuevo sol</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--PEN_zNKPGvCQytZGp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romanian leu</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--RON_zqWulEvBfvrya" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--USD_zJEYjUBdrNidB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">64.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uzbekistani som</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__currency--UZS_zDjTmnArvHVdG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--OtherCategory1Axis__custom--OtherMember_zUlIiThbSxoDB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zmgBNbAeXZobc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zjbsLTLsAlsDw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__custom--EnergyMember_zxDkEruMYHiqw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__custom--FinancialsMember_zRQmrRaHKrENh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zOeiBLfZBJKQB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">-0.1%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Investment Funds</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__custom--InvestmentFundsMember_zMWkAiyyOdmIR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">-0.9%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zxIdATlpXLefR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Mutual Funds</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__custom--MutualFundsMember_zKRpCQHpkJMnd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zMohZCdtJWbak" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Securities</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__custom--SovereignGovernmentSecuritiesMember_zoaBXAPEanDQo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zmJARkzzVHSJJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zSLDeAIOtiqDE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 48.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--IndustrySectorAxis__custom--MiscellaneousMember_zkUuuGLcmnzBG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qeseylk1mppwqfof.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.250 0.137 0.052 0.027 0.008 0.005 0.002 0.002 0.000 0.517 0.061 0.032 0.027 0.030 0.049 0.015 0.026 0.024 0.642 0.018 0.076 0.009 0.003 0.090 0.100 -0.001 -0.009 0.033 0.006 0.000 0.270 0.004 0.486 0.009 <p id="xdx_809_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000233923Member_dU_zIuisLinZMc5" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS*</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Commonwealth of the Bahamas</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bahamas</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--CommonwealthoftheBahamasMember_zsEdXPCGsyqVn" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 142pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Absa Bank Ltd., Credit-Linked Note</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--AbsaBankLtdCreditLinkedNoteMember_zDTAGsIIKacXI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Iceland</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iceland</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--RepublicofIcelandMember_zXeisnADqCEna" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bonos de la Tesoreria</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--BonosdelaTesoreriaMember_zosmiFWNjvgKf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania Government Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--RomaniaGovernmentBondMember_zAKzTatCkCJOr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; font-size: 13pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Laos Government International</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 120pt; font-size: 13px"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Lao People's</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Democratic Republic</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--LaosGovernmentInternationalBondMember_zSoLzpBFVTuvU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Zambia</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zambia</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--RepublicofZambiaMember_zYZFdvWKMNfYF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentine Republic</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentina</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--ArgentineRepublicMember_zeIVeiHgasYVX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Kazakhstan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--RepublicofKazakhstanMember_zLdIxUWmmeXyK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 165pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Republic of Cote d'Ivoire First Lien</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cote D'Ivoire</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--RepublicofCotedIvoireFirstLienTermLoanMember_zbNzYIBereqgC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233923Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zCHfdWvlGFXGO" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.8%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; min-height: 14px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">* Excludes short-term investments.</span></p> </div> 0.054 0.035 0.025 0.024 0.022 0.022 0.020 0.020 0.018 0.018 0.258 Semi-Annual Shareholder Report APDPX This semi-annual shareholder report contains important information about Artisan Global Unconstrained Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000233921Member_zghRG0q9cpx6">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000233921Member_zw4YcBsqfgJj">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80s_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000233921Member_dU_zOoACVxWGPRZp"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90M_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000233921Member_zWmJauCgRRPpS">Artisan Global Unconstrained Fund</span> - <span id="xdx_90r_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000233921Member_zolFJoillqWrt">Advisor Shares</span></span></div> </td> <td id="xdx_98A_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000233921Member_zAoIsPwbCoLUO" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$109</span></div> </td> <td id="xdx_98y_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000233921Member_zLaduJBWaoqGE" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.11%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Unconstrained Fund Advisor Shares 109 0.0211 <div id="xdx_80C_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000233921Member_dU_zjRReIkhbMlXe"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_988_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000233921Member_zHbFVsITDLrk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,021,899</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98f_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000233921Member_zBtqbnyngFnMb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">600</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_985_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000233921Member_zeu1oyNy27k7" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$3,228</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98J_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000233921Member_zkQWxnxrXupPq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.79%</span></div> </td> </tr> </table> </div> </div> </div> 1021899000 600 3228000 0.5079 <div id="xdx_80N_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000233921Member_dU_zoDHENgEJPHzl"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__custom--SovereignGovernmentBondsMember_zhNwRwTUaOF8" style="box-sizing: border-box; text-align-last: auto"> 25.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zHZw4f9cDQn4" style="box-sizing: border-box; text-align-last: auto"> 13.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zbPIkme4zBV" style="box-sizing: border-box; text-align-last: auto"> 5.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_z2UWgs3IW7n8" style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__custom--MiscellaneousMember_zGlSr2bgudY9" style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Closed End Fund</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__custom--ClosedEndFundMember_zwGxX800vhW6" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Convertible Bond</div> </td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__custom--ConvertibleBondMember_zHUdDWrwaWs1" style="box-sizing: border-box; text-align-last: auto"> 0.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Options Purchased</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__custom--OptionsPurchasedMember_z5ULArQPkyV7" style="box-sizing: border-box; text-align-last: auto"> 0.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_zlgpneVUrMdj" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233921Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zidmkU0tH763" style="box-sizing: border-box; text-align-last: auto"> 51.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qeseylk1mppw83xd.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Egyptian pound</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--EGP_zJzFvufhFfBcq" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--EUR_zJSMMhIiabrbo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iceland krona</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--ISK_zhjiLxgWlrygC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan tenge</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--KZT_zSshWMNmkPSKv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nigerian naira</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--NGN_zWNJqjbxQsCXd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norwegian krone</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--NOK_zoOnSOUlTYbLu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peruvian nuevo sol</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--PEN_zlriRqngxGiJt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romanian leu</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--RON_zmhSyOvYhwLxX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--USD_zdmIWGdNnIAIn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">64.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uzbekistani som</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__currency--UZS_zTKjLpaEToKed" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--OtherCategory1Axis__custom--OtherMember_zmNaGJVZhiCvv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zXMiKxbVAhLxN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zhNKgeXTcGOBY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__custom--EnergyMember_zmQbqjIBtgIgP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__custom--FinancialsMember_zdRpgbArqPxjN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zsGvBPoNZfaVq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">-0.1%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Investment Funds</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__custom--InvestmentFundsMember_ziyshhLIgacSF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">-0.9%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zCDnBnEOTRren" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Mutual Funds</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__custom--MutualFundsMember_zYxKDlhSvrdDK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zmKIcIQnUXvRs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Securities</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__custom--SovereignGovernmentSecuritiesMember_zppKYwKGNZwzI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zTqUJjEDjvQhh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zqUAmteKUFugB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 48.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--IndustrySectorAxis__custom--MiscellaneousMember_zZNAwmuPvHeTp" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qeseylk1mppwqfof.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.250 0.137 0.052 0.027 0.008 0.005 0.002 0.002 0.000 0.517 0.061 0.032 0.027 0.030 0.049 0.015 0.026 0.024 0.642 0.018 0.076 0.009 0.003 0.090 0.100 -0.001 -0.009 0.033 0.006 0.000 0.270 0.004 0.486 0.009 <p id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000233921Member_dU_zPcip7GbDIP9" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS*</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Commonwealth of the Bahamas</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bahamas</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--CommonwealthoftheBahamasMember_zyFZnyNDPQepe" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 142pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Absa Bank Ltd., Credit-Linked Note</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--AbsaBankLtdCreditLinkedNoteMember_zlYwAGiwkZvqW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Iceland</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iceland</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--RepublicofIcelandMember_zULWkYzhhveJV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bonos de la Tesoreria</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--BonosdelaTesoreriaMember_zuUrsIGSzQxzD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania Government Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--RomaniaGovernmentBondMember_zPLMXxqDBnJjF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; font-size: 13pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Laos Government International</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 120pt; font-size: 13px"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Lao People's</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Democratic Republic</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--LaosGovernmentInternationalBondMember_zKmOtyLljnHDB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Zambia</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zambia</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--RepublicofZambiaMember_zAhRxfgPErVBn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentine Republic</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentina</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--ArgentineRepublicMember_zAmDEXAOOuomO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Kazakhstan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--RepublicofKazakhstanMember_zrvpBcstJHiBl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 165pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Republic of Cote d'Ivoire First Lien</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cote D'Ivoire</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--RepublicofCotedIvoireFirstLienTermLoanMember_zNOCzbxlWkXpk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233921Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zjiWNKmrboTSb" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.8%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; min-height: 14px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">* Excludes short-term investments.</span></p> </div> 0.054 0.035 0.025 0.024 0.022 0.022 0.020 0.020 0.018 0.018 0.258 Semi-Annual Shareholder Report APHPX This semi-annual shareholder report contains important information about Artisan Global Unconstrained Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000233922Member_z8yu8jedaOT1">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000233922Member_zthqZNIxTOib">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80D_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000233922Member_dU_zlnmmwvXQtXHX"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90g_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000233922Member_zHjDswnMmubVg">Artisan Global Unconstrained Fund</span> - <span id="xdx_90z_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000233922Member_zQdqRHMCzfWHP">Institutional Shares</span></span></div> </td> <td id="xdx_98a_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000233922Member_zRIRvrLxVjeyD" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$105</span></div> </td> <td id="xdx_98a_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000233922Member_zotZfEIWzWJmK" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.03%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Unconstrained Fund Institutional Shares 105 0.0203 <div id="xdx_80d_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000233922Member_dU_zLYyLdDdnNlmB"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98B_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000233922Member_zcbfj2iQbIS2" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,021,899</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98Q_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000233922Member_zLoBCcKkaSqpg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">600</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98C_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000233922Member_zOazbxzaEqVl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$3,228</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98S_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000233922Member_zWydudlJLHKkN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.79%</span></div> </td> </tr> </table> </div> </div> </div> 1021899000 600 3228000 0.5079 <div id="xdx_80N_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000233922Member_dU_zgBzRXRaSmUhg"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__custom--SovereignGovernmentBondsMember_z1pA19XQ7sM9" style="box-sizing: border-box; text-align-last: auto"> 25.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zsDtAmNnsqg5" style="box-sizing: border-box; text-align-last: auto"> 13.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zUq0oaKwUk29" style="box-sizing: border-box; text-align-last: auto"> 5.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zQOaNvLFoIXd" style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__custom--MiscellaneousMember_zBl25L3DYI9e" style="box-sizing: border-box; text-align-last: auto"> 0.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Closed End Fund</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__custom--ClosedEndFundMember_zCThiS4VDHze" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Convertible Bond</div> </td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__custom--ConvertibleBondMember_z1ggl6sQCHf4" style="box-sizing: border-box; text-align-last: auto"> 0.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Options Purchased</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__custom--OptionsPurchasedMember_zm86wtgmjVa3" style="box-sizing: border-box; text-align-last: auto"> 0.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_zUKUYSMnp03l" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000233922Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zGrNp13DB4E4" style="box-sizing: border-box; text-align-last: auto"> 51.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qeseylk1mppw83xd.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Egyptian pound</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--EGP_zFzCfQXiPdnmJ" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--EUR_zJCKyHhUJOEDW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iceland krona</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--ISK_ztaETOxKxTKYe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan tenge</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--KZT_zdMRhywGELwGO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nigerian naira</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--NGN_zNSfuWVKhvDPq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norwegian krone</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--NOK_zeojkyoEHEeWC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peruvian nuevo sol</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--PEN_zkDoykfutTzdK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romanian leu</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--RON_zCcrFYiXYGpZx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--USD_zxDXXcEVDwceL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">64.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Uzbekistani som</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__currency--UZS_zEJdbdztwdCTk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--OtherCategory1Axis__custom--OtherMember_zPgDyadmrZdKg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zmnxaVXwWjCfG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zvVJclbMIREDd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__custom--EnergyMember_zwBeDWedvUeYV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__custom--FinancialsMember_zZkcbkRfHApOh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zKvxFfKssIAKG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">-0.1%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Investment Funds</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__custom--InvestmentFundsMember_zhNbLSmExisvE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">-0.9%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zxLhfFAQLrShL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Mutual Funds</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__custom--MutualFundsMember_zRFEsYuMDGmwO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zHVIybLtHsJFk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereign Government Securities</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__custom--SovereignGovernmentSecuritiesMember_zBktfWWAbafpz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zBUvpJuNyrknd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zMaVsCvrcDJKR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 48.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Miscellaneous</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--IndustrySectorAxis__custom--MiscellaneousMember_zDtjiQaBggqgA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qeseylk1mppwqfof.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.250 0.137 0.052 0.027 0.008 0.005 0.002 0.002 0.000 0.517 0.061 0.032 0.027 0.030 0.049 0.015 0.026 0.024 0.642 0.018 0.076 0.009 0.003 0.090 0.100 -0.001 -0.009 0.033 0.006 0.000 0.270 0.004 0.486 0.009 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000233922Member_dU_ziNJgYFKXcOb" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS*</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 60pt"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Commonwealth of the Bahamas</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bahamas</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--CommonwealthoftheBahamasMember_zfACpIaiRCPna" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 142pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Absa Bank Ltd., Credit-Linked Note</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--AbsaBankLtdCreditLinkedNoteMember_zDDwIxbwOCOhf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Iceland</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Iceland</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--RepublicofIcelandMember_zKRXLwwGKFVOM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bonos de la Tesoreria</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--BonosdelaTesoreriaMember_zFnMTICNUOJwN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania Government Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Romania</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--RomaniaGovernmentBondMember_zWjbsAbmRcEkz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; font-size: 13pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Laos Government International</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Bond</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 120pt; font-size: 13px"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Lao People's</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Democratic Republic</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--LaosGovernmentInternationalBondMember_zbQvYilnnNHMq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Zambia</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zambia</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--RepublicofZambiaMember_zkJsaQIuvGqWx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentine Republic</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentina</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--ArgentineRepublicMember_zmGFIikuMCtPL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Republic of Kazakhstan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kazakhstan</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--RepublicofKazakhstanMember_zgirKRckTlKPS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 165pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Republic of Cote d'Ivoire First Lien</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; font-size: 12px; display: inline-block; min-height: 1px; min-width: 1px">Term Loan</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cote D'Ivoire</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--RepublicofCotedIvoireFirstLienTermLoanMember_zfTamjhMPJrdi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000233922Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zWdZEbmBZxOFk" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.8%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; min-height: 14px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">* Excludes short-term investments.</span></p> </div> 0.054 0.035 0.025 0.024 0.022 0.022 0.020 0.020 0.018 0.018 0.258 Semi-Annual Shareholder Report ARTGX This semi-annual shareholder report contains important information about Artisan Global Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000054562Member_z64JRldlejA7">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000054562Member_zOJca08txHih">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80O_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000054562Member_dU_zYDBtMNxrduMb"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90d_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000054562Member_zJFGzSJZyNtWZ">Artisan Global Value Fund</span> - <span id="xdx_90T_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000054562Member_zAPHcrIQAnhfd">Investor Shares</span></span></div> </td> <td id="xdx_98f_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000054562Member_zQalVVGwxcOpX" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$63</span></div> </td> <td id="xdx_98g_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000054562Member_zhedgbJFMNbEF" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.25%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Value Fund Investor Shares 63 0.0125 <div id="xdx_80O_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000054562Member_dU_zgDwPIexYTMlF"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_988_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000054562Member_ze71Ux9X4Ll4" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,917,328</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98H_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000054562Member_zADWCElaZKmVs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_989_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000054562Member_zviknQCFwZu4" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$14,419</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98s_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000054562Member_zrhOrQwsqPILy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.89%</span></div> </td> </tr> </table> </div> </div> </div> 2917328000 37 14419000 0.0989 <div id="xdx_80h_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000054562Member_dU_zbKuGmwFcGRig"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--GeographicRegionAxis__srt--AmericasMember_zYrRcerDSjreW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 53.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--GeographicRegionAxis__srt--EuropeMember_zEJMixqtRTMgr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 35.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zDlNlXDfeuMCZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.3% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molyqstb.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--OtherCategory1Axis__currency--GBP_zRnwpIAajpIMm" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--OtherCategory1Axis__currency--EUR_zJZqSSYhsqGPF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--OtherCategory1Axis__currency--KRW_zXaIeynbXNoFQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--OtherCategory1Axis__currency--CHF_zTBRXAgzjhFZg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--OtherCategory1Axis__currency--USD_zlNwiHNmdYocW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zLIoNEPmEFHbk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zMMeXaqwcjERP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zbojnlYsNkBJt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__custom--EnergyMember_zFyKAwyvUYTvt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__custom--FinancialsMember_zfGpnbodBSPIr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 32.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__custom--HealthCareMember_zYHSSRWodmKXy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zwFzFemMLEqNp" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zSongolCflewm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zspjEaQCnUmhi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zxQWqvDEKBLFJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.4% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon33htn.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.532 0.353 0.053 0.146 0.205 0.054 0.090 0.505 0.102 0.057 0.094 0.062 0.325 0.144 0.033 0.074 0.055 0.054 <p id="xdx_800_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000054562Member_dU_zpRKbTtyRca4" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zPEziBmnURQGV" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zzJDJmJqrXZyB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Charles Schwab Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--CharlesSchwabCorpMember_zAZrlIzzJmrao" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zAlylZUOfzojN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Shell plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--ShellplcMember_zNGxfdjehhVei" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Novartis AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--NovartisAGMember_zhCEKwGuLqPuy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Heidelberg Materials AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--HeidelbergMaterialsAGMember_zciQhahCeICDa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">American Express Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--AmericanExpressCoMember_zDCKHIDkSsAIT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Meta Platforms, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--MetaPlatformsIncMember_zGVeyogNGpTuj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elevance Health, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--ElevanceHealthIncMember_zQUnpLsfQFsNl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000054562Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zLNTgcMIsvaNJ" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">43.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.053 0.048 0.046 0.045 0.043 0.043 0.039 0.039 0.037 0.037 0.430 Semi-Annual Shareholder Report APDGX This semi-annual shareholder report contains important information about Artisan Global Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000141339Member_zkYuZS3xoFya">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141339Member_zcSjLZDjdGWi">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80L_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000141339Member_dU_zlnerxYGZdZXU"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90M_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000141339Member_zjVpJwdNgmDZN">Artisan Global Value Fund</span> - <span id="xdx_90E_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000141339Member_zLUGKNCHflGQR">Advisor Shares</span></span></div> </td> <td id="xdx_98A_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000141339Member_zBZjmayiTDgQr" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$56</span></div> </td> <td id="xdx_98x_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000141339Member_zMtWHbPKDifTq" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.10%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Value Fund Advisor Shares 56 0.0110 <div id="xdx_80Z_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000141339Member_dU_zIIxfCJFYkuiY"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_988_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000141339Member_zLMYhO1CB6O4" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,917,328</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98c_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000141339Member_zSPRWZFvjsbot" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98E_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000141339Member_zo5JRALUVfi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$14,419</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98F_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000141339Member_zmaaiTTPpgytq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.89%</span></div> </td> </tr> </table> </div> </div> </div> 2917328000 37 14419000 0.0989 <div id="xdx_80b_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000141339Member_dU_zaBtMoRkALPxk"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--GeographicRegionAxis__srt--AmericasMember_zBXUFSATAHRXq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 53.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--GeographicRegionAxis__srt--EuropeMember_zcJoGUKeHfRsB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 35.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zJVnfQvtzTZOT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.3% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molyqstb.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--OtherCategory1Axis__currency--GBP_zydSRquckcAgd" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--OtherCategory1Axis__currency--EUR_zbbJBhSXFYilK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--OtherCategory1Axis__currency--KRW_ztdSAlayEpHLW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--OtherCategory1Axis__currency--CHF_zwqqRdlAAqooH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--OtherCategory1Axis__currency--USD_znIJTMXZquFYV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_znLEwUyQNnAEN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zalVEaqYgExhS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zmYSujyUgAUdI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__custom--EnergyMember_zLEncLgfzdwEQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__custom--FinancialsMember_zkrpzjaJpFiWV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 32.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__custom--HealthCareMember_zDRRihVHSbKgf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zvnomyChKZWYR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zQdWMDmeaLfJk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zvZpZDMeMzneV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zFTgigNQGbgmy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.4% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon33htn.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.532 0.353 0.053 0.146 0.205 0.054 0.090 0.505 0.102 0.057 0.094 0.062 0.325 0.144 0.033 0.074 0.055 0.054 <p id="xdx_804_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000141339Member_dU_ztN9MVMIhyqc" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zyrYXnwXjXkXx" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zsEKRkQlZsEpo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Charles Schwab Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--CharlesSchwabCorpMember_zxiXeYXDtjCGI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zJlsgOLaLTxpn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Shell plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--ShellplcMember_zuFopinAqPIlS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Novartis AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--NovartisAGMember_zZpxhBMBagXrF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Heidelberg Materials AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--HeidelbergMaterialsAGMember_zSmEASCRRjbLz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">American Express Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--AmericanExpressCoMember_zEtWZMtMAZMRc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Meta Platforms, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--MetaPlatformsIncMember_zftiDvNlAcJkH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elevance Health, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--ElevanceHealthIncMember_ziGKGGSXIEfbo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141339Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zLxrqKLUNbCiE" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">43.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.053 0.048 0.046 0.045 0.043 0.043 0.039 0.039 0.037 0.037 0.430 Semi-Annual Shareholder Report APHGX This semi-annual shareholder report contains important information about Artisan Global Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000116602Member_zKjSQIIWweZg">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000116602Member_zW2ZHMkWNRE3">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80n_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000116602Member_dU_ziRLXiErjrYkI"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90j_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000116602Member_zVLOWVXgHhHXw">Artisan Global Value Fund</span> - <span id="xdx_90T_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000116602Member_zqGGlAZivHZDx">Institutional Shares</span></span></div> </td> <td id="xdx_98I_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000116602Member_zVxJDHTGTANRB" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$51</span></div> </td> <td id="xdx_98J_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000116602Member_zQFrUUiTembxy" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.01%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Global Value Fund Institutional Shares 51 0.0101 <div id="xdx_80M_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000116602Member_dU_zwLyPxdaOcxHy"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_984_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000116602Member_zyMUZ4xVapE6" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,917,328</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98N_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000116602Member_zMnDqqxBJNrIx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98F_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000116602Member_zuvCtvm8kwWc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$14,419</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98C_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000116602Member_zkzzgsotHyLKw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.89%</span></div> </td> </tr> </table> </div> </div> </div> 2917328000 37 14419000 0.0989 <div id="xdx_80v_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000116602Member_dU_ztesKtpQCUlIR"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--GeographicRegionAxis__srt--AmericasMember_znReqXdDHbYIx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 53.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--GeographicRegionAxis__srt--EuropeMember_zMIOBLldycztk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 35.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_ziATEdZaempEC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.3% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molyqstb.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--OtherCategory1Axis__currency--GBP_zpcLoYpIsKcxU" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--OtherCategory1Axis__currency--EUR_zAVpBpCqkOwQn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--OtherCategory1Axis__currency--KRW_zZgnvkokixoWR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--OtherCategory1Axis__currency--CHF_zdQjTwJBuBnkV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--OtherCategory1Axis__currency--USD_zaJYdJNBTvtMR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zrdpKRJjReMbb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zjAfuywNxMcjn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zJUrAhOphikbm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__custom--EnergyMember_zwWkGbRyruRXw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__custom--FinancialsMember_zNEmlGYegrOnU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 32.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__custom--HealthCareMember_zmDEHGtdnpzzv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zonkAEIKCctfL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zhBmKaPxBYAPS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_ztAgVrcPIBoWf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zwRIoSfWwECop" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.4% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon33htn.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.532 0.353 0.053 0.146 0.205 0.054 0.090 0.505 0.102 0.057 0.094 0.062 0.325 0.144 0.033 0.074 0.055 0.054 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000116602Member_dU_z1h8ENK28f99" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zfCrdbaUffSbt" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zdZzCCbyfltFQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Charles Schwab Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--CharlesSchwabCorpMember_zKIWVELczUJqO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zEAOPpYEiKCQg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Shell plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--ShellplcMember_zsbTPzXqOQwNU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Novartis AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--NovartisAGMember_zrjnNtwiywpTH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Heidelberg Materials AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--HeidelbergMaterialsAGMember_zpczYtfPsErPe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">American Express Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--AmericanExpressCoMember_zIMeZhVPtOXlC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Meta Platforms, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--MetaPlatformsIncMember_zeUCjkuNzCgGv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elevance Health, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--ElevanceHealthIncMember_zYYyioAQRQxhu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000116602Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zcXznPKOrXiop" style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">43.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.053 0.048 0.046 0.045 0.043 0.043 0.039 0.039 0.037 0.037 0.430 Semi-Annual Shareholder Report ARTFX This semi-annual shareholder report contains important information about Artisan High Income Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000138112Member_zL08vr6CRjlj">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000138112Member_zUmr246xbBj3">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80L_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000138112Member_dU_zigwcSGEozXDt"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90y_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000138112Member_zEQZFHHKKIwzu">Artisan High Income Fund</span> - <span id="xdx_90D_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000138112Member_zcAYiwoeOQEfp">Investor Shares</span></span></div> </td> <td id="xdx_98P_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000138112Member_zeoycnhiAHtCp" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$47</span></div> </td> <td id="xdx_98A_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000138112Member_zWKBFjGMJYnNV" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.93%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan High Income Fund Investor Shares 47 0.0093 <div id="xdx_80H_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000138112Member_dU_zjUndovxZPiim"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_981_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000138112Member_zQ0iqLBlUmE1" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$10,848,345</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98R_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000138112Member_ztSqQVQwEqZAW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">273</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98C_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000138112Member_zR4N10nThC21" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$35,011</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98d_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000138112Member_ziUyKFEoswqRE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.78%</span></div> </td> </tr> </table> </div> </div> </div> 10848345000 273 35011000 0.1678 <div id="xdx_80j_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000138112Member_dU_zETtsKITSTVna"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138112Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_z2T8GmA4PYG3" style="box-sizing: border-box; text-align-last: auto"> 65.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138112Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zy9yssBX9hol" style="box-sizing: border-box; text-align-last: auto"> 25.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138112Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zw4wqaXXCQM8" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138112Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_zNmS3xVUkw4c" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Preferred Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138112Member__us-gaap--InvestmentTypeAxis__us-gaap--PreferredStockMember_zpmsYnkIVi0j" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138112Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zImQwc4xlEAg" style="box-sizing: border-box; text-align-last: auto"> 8.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1mon75pcz.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--OtherCategory1Axis__currency--CAD_zGamgrcLoppOX" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--OtherCategory1Axis__currency--EUR_zsAIAGJGgdEiH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--OtherCategory1Axis__currency--USD_zZmTEjqYfdxZX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">99.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zgbjukUuoYXGz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zlJdsSczhblay" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zTWJaLUgulTMq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__custom--EnergyMember_zbxMqYHXLnLjD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__custom--FinancialsMember_zUMBZxhwZZLKf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 19.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__custom--HealthCareMember_zejDpINaTEVMo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zYgzjhFhhlqnn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zHFnLBpSUldVe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zjnkWwFZmhZEg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zjktCkZqZCzBU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zDWHjFXfLyydx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon36tan.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.657 0.251 0.005 0.000 0.000 0.087 0.000 0.003 0.997 0.095 0.255 0.022 0.004 0.192 0.033 0.101 0.126 0.060 0.024 0.088 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000138112Member_dU_zVqBzidNCRGg" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">CCO Holdings LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--CCOHoldingsLLCMember_zUjgNIRlLfTWp" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ardonagh Group Finance Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--ArdonaghGroupFinanceLtdMember_zLMVWGYByZmot" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Carnival Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--CarnivalCorpMember_zUyCmJKoeDPmD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VistaJet Malta Finance plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--VistaJetMaltaFinanceplcMember_zUuFviJWyHFFq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Medline Borrower LP</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--MedlineBorrowerLPMember_zRNGXyLDpwDyO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arches Buyer, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--ArchesBuyerIncMember_zcpxuLxDDRwYs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Acrisure LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--AcrisureLLCMember_zMZlnGltTDBHk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NCL Corp. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--NCLCorpLtdMember_zEWPINRVjVwRb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Oracle Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--OracleCorpMember_zodJGzvjrZsuL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alliant Holdings Intermediate LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--AlliantHoldingsIntermediateLLCMember_znUipPYkNcLqO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138112Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zZUSthponmjMK" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26.2%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.037 0.031 0.030 0.029 0.024 0.024 0.023 0.022 0.021 0.021 0.262 Semi-Annual Shareholder Report APDFX This semi-annual shareholder report contains important information about Artisan High Income Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000138113Member_zoUiFgf5qen5">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000138113Member_zATOEZ0Q6e1k">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80o_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000138113Member_dU_zdDlKvvraNYHX"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90H_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000138113Member_zXuVkEIaGfeag">Artisan High Income Fund</span> - <span id="xdx_90u_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000138113Member_zcxTCTtUXlWSv">Advisor Shares</span></span></div> </td> <td id="xdx_98K_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000138113Member_zWemDzjucCmEI" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$39</span></div> </td> <td id="xdx_98C_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000138113Member_zxAgWcbDJQGej" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.78%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan High Income Fund Advisor Shares 39 0.0078 <div id="xdx_80E_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000138113Member_dU_zbTtqXQSKmXeF"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000138113Member_zJxTiyS7SkHk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$10,848,345</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98h_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000138113Member_zhgyjeEiXmuvJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">273</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_989_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000138113Member_zbpWGurZI30g" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$35,011</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98N_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000138113Member_zmoleEJbCIPeQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.78%</span></div> </td> </tr> </table> </div> </div> </div> 10848345000 273 35011000 0.1678 <div id="xdx_80u_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000138113Member_dU_zGUBeGfSwGUFX"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138113Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zW2kAPXH7x9g" style="box-sizing: border-box; text-align-last: auto"> 65.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138113Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zlRUcQ79xiz6" style="box-sizing: border-box; text-align-last: auto"> 25.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138113Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zDQzVVrpnAYd" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138113Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_zzHPQv9dvlJ" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Preferred Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138113Member__us-gaap--InvestmentTypeAxis__us-gaap--PreferredStockMember_zuPwFxp51ww9" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000138113Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zekxltvwVlii" style="box-sizing: border-box; text-align-last: auto"> 8.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1mon75pcz.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--OtherCategory1Axis__currency--CAD_zcACVSMnaSqJw" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--OtherCategory1Axis__currency--EUR_zPTNwbpDRqjUu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--OtherCategory1Axis__currency--USD_zXURIYRmXmQgq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">99.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zanfWycSnShrq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zzbNvyprsJlbH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zPJcmRFBuHJML" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__custom--EnergyMember_zhJgxoEDgxqYZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__custom--FinancialsMember_zHvzSBqgGhkhq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 19.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__custom--HealthCareMember_zXnBfrcEXJJcn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zXTRICVtxyCiP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zzjdObZkdDhcg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zHdzETtscHqFo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zPnsvqMkwGJUN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zwKdFqysGxfKT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon36tan.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.657 0.251 0.005 0.000 0.000 0.087 0.000 0.003 0.997 0.095 0.255 0.022 0.004 0.192 0.033 0.101 0.126 0.060 0.024 0.088 <p id="xdx_803_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000138113Member_dU_z79zPEj59O3i" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">CCO Holdings LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--CCOHoldingsLLCMember_zcfjuIYAkYMKB" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ardonagh Group Finance Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--ArdonaghGroupFinanceLtdMember_zKVWJqxJZaAix" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Carnival Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--CarnivalCorpMember_zEkHyQrjlgpkJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VistaJet Malta Finance plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--VistaJetMaltaFinanceplcMember_zYYinDqBooBnN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Medline Borrower LP</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--MedlineBorrowerLPMember_zzXgqePVbhvBm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arches Buyer, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--ArchesBuyerIncMember_ziinNmFTqRkHF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Acrisure LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--AcrisureLLCMember_zRKVqDBQaqafc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NCL Corp. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--NCLCorpLtdMember_zXbxaoWmCKQoM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Oracle Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--OracleCorpMember_zKdxPifIURYnX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alliant Holdings Intermediate LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--AlliantHoldingsIntermediateLLCMember_zyzGdVILDEBFR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000138113Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zvYmMDHwzvwRK" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26.2%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.037 0.031 0.030 0.029 0.024 0.024 0.023 0.022 0.021 0.021 0.262 Semi-Annual Shareholder Report APHFX This semi-annual shareholder report contains important information about Artisan High Income Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000173655Member_zbJegXyTQkz5">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000173655Member_zj7CrDx94S5">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80F_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000173655Member_dU_zvhqonLfyGzNR"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90d_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000173655Member_zJgEqiuYPgHPg">Artisan High Income Fund</span> - <span id="xdx_90t_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000173655Member_zVWVvQITgOcds">Institutional Shares</span></span></div> </td> <td id="xdx_98f_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000173655Member_zrXskkfzwPIGF" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$34</span></div> </td> <td id="xdx_98q_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000173655Member_zDiqcXTDaKMBF" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.68%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan High Income Fund Institutional Shares 34 0.0068 <div id="xdx_80C_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000173655Member_dU_zUVOrAQhwDaeW"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_983_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000173655Member_zTpRwJbHwu5" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$10,848,345</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98s_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000173655Member_zQUtAtRZBNSgd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">273</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_982_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000173655Member_zxzldcJGKjGj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$35,011</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98L_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000173655Member_zRmUAaCxOGfUn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.78%</span></div> </td> </tr> </table> </div> </div> </div> 10848345000 273 35011000 0.1678 <div id="xdx_80m_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000173655Member_dU_zZCysIaEFZbgT"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Corporate Bonds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000173655Member__us-gaap--InvestmentTypeAxis__custom--CorporateBondsMember_zDPAstOfYeQ4" style="box-sizing: border-box; text-align-last: auto"> 65.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Bank Loans</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000173655Member__us-gaap--InvestmentTypeAxis__custom--BankLoansMember_zvpe31IvrVPc" style="box-sizing: border-box; text-align-last: auto"> 25.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000173655Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zlv6X7WA9uhh" style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Warrant</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000173655Member__us-gaap--InvestmentTypeAxis__us-gaap--WarrantMember_zkqxuZpFaHO" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Preferred Stock</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000173655Member__us-gaap--InvestmentTypeAxis__us-gaap--PreferredStockMember_zU0nWU83gs1j" style="box-sizing: border-box; text-align-last: auto"> 0.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000173655Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zW8G9GMFgzYi" style="box-sizing: border-box; text-align-last: auto"> 8.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1mon75pcz.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--OtherCategory1Axis__currency--CAD_zVoqnLZlHvNxQ" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--OtherCategory1Axis__currency--EUR_zloLrtomUBbab" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--OtherCategory1Axis__currency--USD_zwmjdXYspDxnj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">99.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zMtvbWivRSGXM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zHczMvuASFWTQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zPnQCPXyHbSDY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__custom--EnergyMember_zoUBWsdJcbIbq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__custom--FinancialsMember_zHAVMmKjmjuLA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 19.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__custom--HealthCareMember_zIeTPbdSfeCtI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_ziZgwNbUkbzji" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_ziGrINCGahBGY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zvpaoqUjSRVYU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zgKXSzkoEFYNf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zkEbFgpLhscSc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon36tan.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.657 0.251 0.005 0.000 0.000 0.087 0.000 0.003 0.997 0.095 0.255 0.022 0.004 0.192 0.033 0.101 0.126 0.060 0.024 0.088 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000173655Member_dU_z5gUetg3CPHe" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">CCO Holdings LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--CCOHoldingsLLCMember_zbNlzwsNXRdyV" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ardonagh Group Finance Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--ArdonaghGroupFinanceLtdMember_zPDCYkGDxvCVo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Carnival Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--CarnivalCorpMember_zQWUmDekXlPaP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VistaJet Malta Finance plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--VistaJetMaltaFinanceplcMember_zLQpJmQCREumm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Medline Borrower LP</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--MedlineBorrowerLPMember_zBXWZCxvucEYK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arches Buyer, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--ArchesBuyerIncMember_zcsFODjCAlwmb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Acrisure LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--AcrisureLLCMember_ztkvBGVITOsOc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NCL Corp. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--NCLCorpLtdMember_zylEvAgSbpmtb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Oracle Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--OracleCorpMember_zGTCsboBYNZXk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alliant Holdings Intermediate LLC</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--AlliantHoldingsIntermediateLLCMember_ztJERoGzHVNKJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000173655Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zjWsYEQGZYAbR" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26.2%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.037 0.031 0.030 0.029 0.024 0.024 0.023 0.022 0.021 0.021 0.262 Semi-Annual Shareholder Report ARTIX This semi-annual shareholder report contains important information about Artisan International Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zQrtCSjZ1UD">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zi56isAO2H07">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zNdTqnwyChPk">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80v_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017761Member_dU_zQOWcrswcPllm"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90f_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zPkpcdeioFFyn">Artisan International Fund</span> - <span id="xdx_90Y_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zIFFMNowDjVrk">Investor Shares</span></span></div> </td> <td id="xdx_98q_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zKacjBqWvoUfi" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$61</span></div> </td> <td id="xdx_98W_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zdmecDvCyyikG" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.18%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Fund Investor Shares 61 0.0118 <div id="xdx_80Z_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017761Member_dU_zaZFnMrQWsJEY"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017761Member_z354rZZURwp2" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,124,123</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98s_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017761Member_zCOzwmBFVYjcy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">67</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98D_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zC6m9e1NMbs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$28,948</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98M_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zIMtBZeMPTrjN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51.67%</span></div> </td> </tr> </table> </div> </div> </div> 6124123000 67 28948000 0.5167 <div id="xdx_80e_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017761Member_dU_zyCvsrlOIXKoi"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGIONAL ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--GeographicRegionAxis__srt--EuropeMember_zOwNZjyhgabvM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 53.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--GeographicRegionAxis__srt--AmericasMember_ziLJPnMKjyJOn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zfgmoLPwADKZr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 28.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zneznSXKISdcL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.6% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molnpvhq.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--GBP_zlxUdSIjHiacg" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">22.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zCWUHUAIFTLPg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--DKK_zIsjjNiZaOLEb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--EUR_zqeYHolJoqXMC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--HKD_zoUiasSjuLDAx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--JPY_zFGGvbzEfzwfQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--KRW_zTWIPjghJevMs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--TWD_zjoHTnniZUbcv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--CHF_zZhevnvfXkqty" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__currency--USD_zDsHnCcsYuCvl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--OtherCategory1Axis__custom--OtherMember_zxxMqQZvOIEWO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; border-top-style: solid; border-top-width: 0; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zTSmLDwXVQxiw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zjaRVpuLGtlQG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zBCnrruQkCOtA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__custom--FinancialsMember_zIzTFqFIwKajl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__custom--HealthCareMember_zqeCkIpbLuqMC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zuiTqgqTbcRoC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 33.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zfCXAEwLcmPvz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zZzHYxHVjFNMa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zvXPeVZpDPCro" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zxjAfEYMiJpNJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zuqQVXNjSzncV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.9% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzs7tp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.530 0.005 0.281 0.106 0.222 0.047 0.032 0.253 0.060 0.073 0.124 0.057 0.060 0.070 0.002 0.034 0.005 0.087 0.187 0.036 0.331 0.069 0.028 0.039 0.135 0.049 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017761Member_dU_zexIzU8DQqwc" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">National Grid plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--NationalGridplcMember_zJRxPsMNJWutc" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zTKRzOJcnBnIC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">UBS Group AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--UBSGroupAGMember_zZdofvzeqlASI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Contemporary Amperex Technology Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--ContemporaryAmperexTechnologyCoLtdMember_zbatrlKeshwOy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tesco plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--TescoplcMember_zxoSDxQIvDwNu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zPUhiJtbmrJXH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SSE plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--SSEplcMember_zwbTsDzxpQsjo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">J Sainsbury plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--JSainsburyplcMember_zwjuygYHYKKvI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">LS Electric Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--LSElectricCoLtdMember_znQvSYuRHRgll" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hanwha Aerospace Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--HanwhaAerospaceCoLtdMember_zhYfFuxuEoBIC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017761Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_ziyIALtQntuiX" style="padding: 0; box-sizing: border-box; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">33.9%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.047 0.041 0.038 0.038 0.037 0.033 0.029 0.026 0.025 0.025 0.339 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000017761Member_dU_zwT61UPaHKYi" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 112px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zyzV1tdwTSbe">November 24, 2025</span>, Andrew Euretig is no longer an associate portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zMNDqzW87xi5">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017761Member_zT9ItDR6U966">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2025-11-24 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDIX This semi-annual shareholder report contains important information about Artisan International Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zqaM0lLosc7b">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zmNEKpiXiMx8">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zm9oiUxI2b8k">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80u_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000141334Member_dU_zsbxzxRYWiEUh"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90M_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zPVoeviDHKcVx">Artisan International Fund</span> - <span id="xdx_90f_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zEpcNnDcHXhEY">Advisor Shares</span></span></div> </td> <td id="xdx_98E_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zAgBHypTjrfoL" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$54</span></div> </td> <td id="xdx_98t_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zeHIBRGisWUQm" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.05%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Fund Advisor Shares 54 0.0105 <div id="xdx_80G_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000141334Member_dU_zxkReyXsWnvvv"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98E_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000141334Member_zwn3lVybhAN2" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,124,123</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98d_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000141334Member_zqATZDPDwYjbI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">67</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98C_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zBcpCzijBH86" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$28,948</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98P_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zgzADlIIAKpmx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51.67%</span></div> </td> </tr> </table> </div> </div> </div> 6124123000 67 28948000 0.5167 <div id="xdx_80z_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000141334Member_dU_zgIjMolqZNPeo"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGIONAL ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--GeographicRegionAxis__srt--EuropeMember_zofUDQxpiKrEf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 53.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--GeographicRegionAxis__srt--AmericasMember_zizEpjDLhLOzg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zoBlcPwBspshu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 28.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zMDUHBYlrBADq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.6% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molnpvhq.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--GBP_zmmaEFhesufOY" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">22.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zOWViFEAZtctp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--DKK_zqxBlpQwwjQyI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--EUR_zVlgxWSglABII" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--HKD_zGoUKHUTRTjlO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--JPY_zmXDEjrfPMNGk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--KRW_zdxJzfyNwgWLE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--TWD_zWDqFCxnGspEL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--CHF_zcHusWlNuCIXj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__currency--USD_zlbppqUTtDhJe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--OtherCategory1Axis__custom--OtherMember_zXBIykgNqMCFR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; border-top-style: solid; border-top-width: 0; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zKBeNmzBDsXmv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zOIWdxrBsBVhm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zASFmrVUUOwAa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__custom--FinancialsMember_zneNSRlrOCjsQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__custom--HealthCareMember_zOIjbQYISoDHC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zMkPJmQauyRhE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 33.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zWlbhXnlbHWCB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zsmzkSMRrJcwt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zcXEAXQejSCxQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zTlWiXzTyDrKG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zAMxVSBzFNviy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.9% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzs7tp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.530 0.005 0.281 0.106 0.222 0.047 0.032 0.253 0.060 0.073 0.124 0.057 0.060 0.070 0.002 0.034 0.005 0.087 0.187 0.036 0.331 0.069 0.028 0.039 0.135 0.049 <p id="xdx_809_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000141334Member_dU_zDXnjlnT3B5k" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">National Grid plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--NationalGridplcMember_zErJBIDOXxZcI" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zhrvAPQzODCdF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">UBS Group AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--UBSGroupAGMember_zksCxJsjmsuVa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Contemporary Amperex Technology Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--ContemporaryAmperexTechnologyCoLtdMember_zOnEGMlKRGCKY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tesco plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--TescoplcMember_zWcOzyylmWnRT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zjQWOhZZiJGFH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SSE plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--SSEplcMember_zMBQiHGuFcOew" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">J Sainsbury plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--JSainsburyplcMember_ziNYpoeeBjeGA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">LS Electric Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--LSElectricCoLtdMember_zhjUIGsTpTwWJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hanwha Aerospace Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--HanwhaAerospaceCoLtdMember_zrDrdOjoihXvQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141334Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zGgPgNQOKkHSH" style="padding: 0; box-sizing: border-box; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">33.9%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.047 0.041 0.038 0.038 0.037 0.033 0.029 0.026 0.025 0.025 0.339 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000141334Member_dU_zz51ryazJWEk" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 112px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_zJ0T0QYHPNr8">November 24, 2025</span>, Andrew Euretig is no longer an associate portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_ziQWDaT0s3J3">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141334Member_z0bRJKoCutbe">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2025-11-24 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHIX This semi-annual shareholder report contains important information about Artisan International Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_z4t0vmhNpyNg">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zeAx2Z0yRz1c">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zub90aPrB3H9">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80B_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017760Member_dU_zFwqmwYXvscJH"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90s_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zVFskxwOoRtkR">Artisan International Fund</span> - <span id="xdx_90s_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zdWlhzcculThi">Institutional Shares</span></span></div> </td> <td id="xdx_98T_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zntZgMqUYXzVm" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$50</span></div> </td> <td id="xdx_98t_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zRFYXBwRGeWhm" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.96%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Fund Institutional Shares 50 0.0096 <div id="xdx_80d_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017760Member_dU_zjrmTqlDPcUkz"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_989_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017760Member_zosmSQVhzZtd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,124,123</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98L_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017760Member_zVXQbXFVYGCnY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">67</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_984_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_z45x3BHIMZC7" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$28,948</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98Z_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zdBkavOcLXxuh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51.67%</span></div> </td> </tr> </table> </div> </div> </div> 6124123000 67 28948000 0.5167 <div id="xdx_80u_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017760Member_dU_zMeZDSKRwieQv"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGIONAL ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--GeographicRegionAxis__srt--EuropeMember_zLncKTMtaLfhR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 53.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--GeographicRegionAxis__srt--AmericasMember_zfKXXJYWYkYlc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zoVsaPQGzWkyx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 28.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zYKliWdPgjCQo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.6% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molnpvhq.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--GBP_zQtqLsYwWprWo" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">22.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chinese yuan renminbi offshore</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__custom--ChineseyuanrenminbioffshoreMember_zCoTllekRJBKY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--DKK_zvwnVnbMYvMOC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--EUR_zNAiTwwcgZbFM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--HKD_zXKchQVllXdGf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--JPY_zeRMkVvAgrcvb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--KRW_zDKcMcsbmashv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--TWD_zNteaNpCDtMlT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--CHF_zokWEdgmVNFxt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__currency--USD_zFkhnGUSJKFSb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--OtherCategory1Axis__custom--OtherMember_zEDmtWkCSwIUI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; border-top-style: solid; border-top-width: 0; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zIUOQUMIEORgp" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zeCRbdUoFaIqy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zJENhGynFaZwY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__custom--FinancialsMember_zIuBwQTEpHUWt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__custom--HealthCareMember_ztCMSVKPMGqyu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zDgOWnKdvkJwA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 33.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zDSWFBjlMQIhF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zVNYRKkncCTMF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zOdLMsasYqyqr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zzsJJFTEaOVxI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zMqHSuJqvbMhN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.9% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzs7tp.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.530 0.005 0.281 0.106 0.222 0.047 0.032 0.253 0.060 0.073 0.124 0.057 0.060 0.070 0.002 0.034 0.005 0.087 0.187 0.036 0.331 0.069 0.028 0.039 0.135 0.049 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017760Member_dU_zGGtZH2snVik" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of</span></div> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">National Grid plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--NationalGridplcMember_zTMFYnTEwFDNI" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zRGFPbrOzXgpH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">UBS Group AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--UBSGroupAGMember_zYbXAfbFqiGWN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Contemporary Amperex Technology Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--ContemporaryAmperexTechnologyCoLtdMember_zxYvVnbLauzqF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tesco plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--TescoplcMember_zIuADuiXQvfOU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zVKKDkWhVqLre" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SSE plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--SSEplcMember_zCfJleDyxGcPy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">J Sainsbury plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--JSainsburyplcMember_zMJtCOpLycYgn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">LS Electric Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--LSElectricCoLtdMember_zfydLHQcqWdOl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hanwha Aerospace Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--HanwhaAerospaceCoLtdMember_zGncxelzItwTc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017760Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zSpuEdSSzsubW" style="padding: 0; box-sizing: border-box; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">33.9%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.047 0.041 0.038 0.038 0.037 0.033 0.029 0.026 0.025 0.025 0.339 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000017760Member_dU_zJnQpXy1hqB7" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 112px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zL5y6LDfPdx8">November 24, 2025</span>, Andrew Euretig is no longer an associate portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_zi4sqRXNwan8">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017760Member_z8OaBTndenYe">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2025-11-24 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report ARDBX This semi-annual shareholder report contains important information about Artisan International Explorer Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000235883Member_zDvmOOgz5qRf">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000235883Member_zFPLOvtOcfX6">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80q_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000235883Member_dU_zxrqtSGeJmPFC"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90u_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000235883Member_zYkfOaUoAskeg">Artisan International Explorer Fund</span> - <span id="xdx_90d_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000235883Member_zbKqIaNGzivEk">Advisor Shares</span></span></div> </td> <td id="xdx_98q_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000235883Member_zGZapxmQlDHix" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$62</span></div> </td> <td id="xdx_98I_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000235883Member_ziapPhIWDEuod" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.22%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Explorer Fund Advisor Shares 62 0.0122 <div id="xdx_80V_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000235883Member_dU_zWjNANDuFtVJx"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_989_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000235883Member_z0GyTb2xTWH5" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$456,750</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98p_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000235883Member_zjBOmnYKNWxGE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98D_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000235883Member_z1qDuD4lfWi1" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,236</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98S_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000235883Member_zScfsYfDMDXuq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.08%</span></div> </td> </tr> </table> </div> </div> </div> 456750000 34 2236000 0.0908 <div id="xdx_80u_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000235883Member_dU_zSajtRPKUbgWV"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--GeographicRegionAxis__srt--EuropeMember_zybcQbbJhOTed" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 50.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--GeographicRegionAxis__srt--AmericasMember_zwMopVTvtOywv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zTtecHMmJDBeG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zfjgaMGWLbClk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 17.3% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molz3hem.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australian dollar</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--AUD_zczNtlntbrGDa" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--GBP_zDrcghXiPppFv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--CAD_zDwVLLJYZnNzv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--EUR_zgtLRweVXaeJL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--HKD_zMLrCGvqcoKoF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--INR_zOrZnVzxmvPtR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--JPY_zYixdggJFJXWz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--KRW_zByvUCwoLQxLi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--CHF_zenSmyYBQkMci" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__currency--USD_zPTlmjHTuEHde" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--OtherCategory1Axis__custom--OtherMember_zdZPjcEmbexAt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zPLzMOUhDcOvD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zFWQILlxlvECv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 16.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zsPHzXhFPRfOJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__custom--FinancialsMember_zmBfGNaRPwPfV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__custom--HealthCareMember_zfIFddFBySKpu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zCDGbMQuZfgGe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 16.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zghudvExhscrP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zifafjPsRoVIY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zwaOJMPLdfGPc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zCezsArVAnINn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon38l07.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.504 0.126 0.069 0.173 0.032 0.262 0.026 0.249 0.063 0.019 0.142 0.027 0.015 0.146 0.019 0.030 0.168 0.030 0.099 0.042 0.166 0.212 0.109 0.016 0.128 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000235883Member_dU_zerg2ePTeqcf" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Glenveagh Properties plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--GlenveaghPropertiesplcMember_zVIXjNCmIjIYR" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Impro Precision Industries Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--ImproPrecisionIndustriesLtdMember_zREvvihLJYOeX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">IQE plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--IQEplcMember_zcCQxzepFqYuN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zuken, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--ZukenIncMember_zfwIZMykzVkMS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alten SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--AltenSAMember_zyYRtNUywBWjb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elementis plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--ElementisplcMember_zpsIsUpZYJbCk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kansai Paint Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--KansaiPaintCoLtdMember_zdLffktdexjGu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Signify NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--SignifyNVMember_zCwQQiHwCvDYe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Steadfast Group Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australia</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--SteadfastGroupLtdMember_zHlgaRAENYoRM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sabre Insurance Group plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--SabreInsuranceGroupplcMember_zqMmwGQxRbJmi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235883Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zUfsNNZzRmpuq" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">52.7%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.114 0.063 0.061 0.052 0.051 0.047 0.038 0.037 0.032 0.032 0.527 Semi-Annual Shareholder Report ARHBX This semi-annual shareholder report contains important information about Artisan International Explorer Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000235881Member_zJGXs4qqdz7b">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000235881Member_zEQvPgQdfDe7">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80y_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000235881Member_dU_zdsRtMRiiwsbS"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90f_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000235881Member_zpLMmUXFQUgXz">Artisan International Explorer Fund</span> - <span id="xdx_90g_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000235881Member_zFgNHeCUPXIQv">Institutional Shares</span></span></div> </td> <td id="xdx_98t_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000235881Member_zVhEbXNXDrxiR" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$58</span></div> </td> <td id="xdx_98L_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000235881Member_zfYVNLtQkOtim" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.14%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Explorer Fund Institutional Shares 58 0.0114 <div id="xdx_80N_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000235881Member_dU_zSpMVuMGdZbiL"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_984_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000235881Member_zs2bE3ko7wq4" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$456,750</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98R_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000235881Member_zTRFthWErmVXH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98B_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000235881Member_zWxJjzDaTOf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,236</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98p_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000235881Member_zwmIcOvjBpiMo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.08%</span></div> </td> </tr> </table> </div> </div> </div> 456750000 34 2236000 0.0908 <div id="xdx_80G_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000235881Member_dU_zVSIpXTESdYuT"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--GeographicRegionAxis__srt--EuropeMember_zDgTHGNcNDhLd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 50.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--GeographicRegionAxis__srt--AmericasMember_zxzdmtQCtxnVm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zWDxITvkcPpTV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zwqfyFjTobDZm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 17.3% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molz3hem.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australian dollar</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--AUD_zOquaZHszkKLD" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--GBP_zSuUEpsVgoPXz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--CAD_zGXefbUGsXGKL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--EUR_zLdblhnmemZhO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--HKD_zuVsAPbtiKmso" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--INR_zPdQiYzvCRYgH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--JPY_ztesuCkdOApCT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--KRW_zCcxIGNOuzJzA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--CHF_zLdLyenzpSxEE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__currency--USD_zgdCjoNuSgHaa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--OtherCategory1Axis__custom--OtherMember_zLtmIflEpQLaE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zJdOYhMFcoFGW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zyrWCnvnUUjwu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 16.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zKzfKdOerWoZL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__custom--FinancialsMember_zCnjZpsGqcZSg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__custom--HealthCareMember_zicDqQMJnESQX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zmGdlCqWtRnuO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 16.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zwQEYrlYxVxUK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_ziXOvBSUXYjNC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zYeNelISBcOyI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zuRhjkuRUXgcU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon38l07.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.504 0.126 0.069 0.173 0.032 0.262 0.026 0.249 0.063 0.019 0.142 0.027 0.015 0.146 0.019 0.030 0.168 0.030 0.099 0.042 0.166 0.212 0.109 0.016 0.128 <p id="xdx_800_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000235881Member_dU_zikVU0E2G1ff" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Glenveagh Properties plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--GlenveaghPropertiesplcMember_zcGENfPDQhxQX" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Impro Precision Industries Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--ImproPrecisionIndustriesLtdMember_zxlQDOmxnrhAL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">IQE plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--IQEplcMember_zLtWmhQboxpnD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zuken, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--ZukenIncMember_zvvrbwKPETLhN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alten SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--AltenSAMember_zQCyyLUJnHLtu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elementis plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--ElementisplcMember_zhFoEGNhergCO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kansai Paint Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--KansaiPaintCoLtdMember_zgFBbnVtfHCQl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Signify NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--SignifyNVMember_zNIHFRfoHDUaq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Steadfast Group Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australia</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--SteadfastGroupLtdMember_zqmADooFytHbX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sabre Insurance Group plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--SabreInsuranceGroupplcMember_zfagwviyqMVok" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235881Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zYQWFciRiuiXq" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">52.7%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.114 0.063 0.061 0.052 0.051 0.047 0.038 0.037 0.032 0.032 0.527 Semi-Annual Shareholder Report ARTJX This semi-annual shareholder report contains important information about Artisan International Small‑Mid Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017762Member_zt7oTZewayCk">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017762Member_zqe1xQtHOP3">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80k_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017762Member_dU_zAvoSkkvlmqkY"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90g_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017762Member_zhVzczFQOUaas">Artisan International Small-Mid Fund</span> - <span id="xdx_90p_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017762Member_zlXAysqbRyPtw">Investor Shares</span></span></div> </td> <td id="xdx_98i_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017762Member_znVQJUuzjlfzX" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$68</span></div> </td> <td id="xdx_98X_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017762Member_zmYoPWAhYsNTv" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.36%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Small-Mid Fund Investor Shares 68 0.0136 <div id="xdx_80K_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017762Member_dU_zVIEclKEbSadN"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_981_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017762Member_zcBaddmtPI1b" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,676,314</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98X_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017762Member_zWpmIxtSxYDKA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">119</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_985_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017762Member_zIBx396MtUX8" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$15,093</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98z_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017762Member_zvVhUMxQrSYzA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">23.66%</span></div> </td> </tr> </table> </div> </div> </div> 2676314000 119 15093000 0.2366 <div id="xdx_80G_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017762Member_dU_zqYXRqWvCyQqU"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--GeographicRegionAxis__srt--EuropeMember_zNsFRSWRJmKjT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 42.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--GeographicRegionAxis__srt--AmericasMember_zOuLTsAxGibPC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 26.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zGGsLkireImRP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Middle East</div> </td> <td id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--GeographicRegionAxis__us-gaap--MiddleEastMember_zhC9oIRnc3Ai" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zxIkXcyrBMvgW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 20.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molz3ywq.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--GBP_zsVxucNhYLqlg" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--CAD_zzGqfBMhfwwAZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--DKK_zKDskvuDjAqex" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--EUR_zcueMwsGhDtGi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--JPY_zZrVdrPhGDibt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--MXN_zBILYjbDqkCty" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norwegian krone</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--NOK_zgCeUOdduffaF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swedish krona</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--SEK_zQKCfaaeMbMSK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--CHF_zHogSZHorRVRI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__currency--USD_zvsQAnkRaTZCQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--OtherCategory1Axis__custom--OtherMember_zcsgRlmaEVdIo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zlCTiyraGfpvo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zQXcymcHiReOb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zqkYXrZBRBWzo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__custom--FinancialsMember_zQIjZxuQqRsbO" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__custom--HealthCareMember_zhURRGNBSBLkE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zjebpPEOAzCht" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zMixBzpGicvAi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zzrSvdVyWtdKj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zeQqflsrhLTji" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon39otj.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.424 0.265 0.030 0.059 0.209 0.199 0.049 0.054 0.106 0.208 0.013 0.013 0.018 0.027 0.292 0.021 0.003 0.050 0.058 0.080 0.279 0.270 0.227 0.020 0.013 <p id="xdx_804_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017762Member_dU_zCyBY5w6QtUa" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Metso Oyj</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Finland</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--MetsoOyjMember_ziELjyLDKNhiQ" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">LivaNova plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--LivaNovaplcMember_zokeNpQAbPIZQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nice Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Israel</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--NiceLtdMember_zYNszHuBGTrES" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brenntag SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--BrenntagSEMember_zzjInmIUzWHRv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Convatec Group plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--ConvatecGroupplcMember_zrqDmPwmtibSP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rohm Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--RohmCoLtdMember_zrFNZLXOzddQs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SolarEdge Technologies, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--SolarEdgeTechnologiesIncMember_zZNipWKZIerKj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kinaxis, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--KinaxisIncMember_zvZEWftyECjLz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Genmab A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--GenmabASMember_zgEGLVvfJkKYD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Balfour Beatty plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--BalfourBeattyplcMember_zjiiHHbyKsfaA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017762Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zsRMnsXQpusKq" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.1%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.031 0.029 0.026 0.024 0.021 0.019 0.019 0.019 0.018 0.241 Semi-Annual Shareholder Report APDJX This semi-annual shareholder report contains important information about Artisan International Small‑Mid Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000206861Member_z2EJNTjjTLy1">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000206861Member_zb2Dx6pc27z6">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80o_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000206861Member_dU_zHHduEPcvDBYe"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90j_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000206861Member_zzPycuBIQEdZs">Artisan International Small-Mid Fund</span> - <span id="xdx_90K_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000206861Member_zJSrjrqtiPWFO">Advisor Shares</span></span></div> </td> <td id="xdx_98M_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000206861Member_zXiuOdqOvMOQU" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$59</span></div> </td> <td id="xdx_98j_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000206861Member_zfEbbOXCxNtsN" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.19%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Small-Mid Fund Advisor Shares 59 0.0119 <div id="xdx_80Z_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000206861Member_dU_zLnPJONBQeOzP"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_981_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000206861Member_zGxDEbA1cq88" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,676,314</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98w_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000206861Member_zUgWzrLukQMpL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">119</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_988_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000206861Member_zy1DpunUUmJh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$15,093</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98k_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000206861Member_zqIusXhKFxchF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">23.66%</span></div> </td> </tr> </table> </div> </div> </div> 2676314000 119 15093000 0.2366 <div id="xdx_80N_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000206861Member_dU_zGDwPwbkIQiOZ"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--GeographicRegionAxis__srt--EuropeMember_zcMrancjZNZHB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 42.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--GeographicRegionAxis__srt--AmericasMember_zhLLcoHKkUuRT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 26.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zMRBiHEJnAZYY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Middle East</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--GeographicRegionAxis__us-gaap--MiddleEastMember_zkzTQkNhpKrBy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zLiumnfTEfSSY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 20.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molz3ywq.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--GBP_zHxDAqEEpXTgw" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--CAD_zKwaacqQYYSUB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--DKK_zGGUBLbrLXgUK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--EUR_zRMPHfLGWAjYf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--JPY_zbOpPZwAFJmcr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--MXN_zklPmnatQNKoH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norwegian krone</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--NOK_zjjwpDSGoRHtX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swedish krona</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--SEK_zoNXzIHdfiOKo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--CHF_zLoXlRCKhcUPW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__currency--USD_zxagQrOENxsZl" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--OtherCategory1Axis__custom--OtherMember_zeAIwsVALLzrO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zvCKtFALWxaEZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zHCcrowrWgxcq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zcgnFJABoigkL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__custom--FinancialsMember_zWhGYKNcptbsc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__custom--HealthCareMember_zxYCImxBvsNPY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zQqcgMgwSgOGf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zGRjqgHcNRDoh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zZJPWLrrkJFtY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_ziaSnbDoESxMl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon39otj.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.424 0.265 0.030 0.059 0.209 0.199 0.049 0.054 0.106 0.208 0.013 0.013 0.018 0.027 0.292 0.021 0.003 0.050 0.058 0.080 0.279 0.270 0.227 0.020 0.013 <p id="xdx_803_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000206861Member_dU_zxrZyHHEyyeg" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Metso Oyj</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Finland</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--MetsoOyjMember_zYBNyqFxnguGq" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">LivaNova plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--LivaNovaplcMember_zmoqhHDcTHXXB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nice Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Israel</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--NiceLtdMember_zvQgxfQqRrmzo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brenntag SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--BrenntagSEMember_zQAbrlsopfOzv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Convatec Group plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--ConvatecGroupplcMember_zLACrBynTYAIb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rohm Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--RohmCoLtdMember_zVcsRJFrFsdEn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SolarEdge Technologies, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--SolarEdgeTechnologiesIncMember_zKNpxVRkEZbwx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kinaxis, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--KinaxisIncMember_zppXITnWLZltk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Genmab A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--GenmabASMember_zzRKoQhArzDGm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Balfour Beatty plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--BalfourBeattyplcMember_ziVbkhpCDbiSe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000206861Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zBjNgYGxSHWYr" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.1%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.031 0.029 0.026 0.024 0.021 0.019 0.019 0.019 0.018 0.241 Semi-Annual Shareholder Report APHJX This semi-annual shareholder report contains important information about Artisan International Small‑Mid Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000168896Member_zFeFZSLCJSFb">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000168896Member_zVDqzL7yyJpg">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80v_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000168896Member_dU_zrkNAOSNfMvPt"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90V_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000168896Member_zCwwuHqaexuFo">Artisan International Small-Mid Fund</span> - <span id="xdx_90h_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000168896Member_zgOrEoDBShpfo">Institutional Shares</span></span></div> </td> <td id="xdx_98K_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000168896Member_zWDcjvdowqtIl" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$55</span></div> </td> <td id="xdx_98X_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000168896Member_zJJfRRMdZtArZ" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.10%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Small-Mid Fund Institutional Shares 55 0.0110 <div id="xdx_80W_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000168896Member_dU_zDBiCUMCdqzsX"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000168896Member_z5WXPTxen9vi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,676,314</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98r_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000168896Member_zhraVLZlTNoji" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">119</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_983_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000168896Member_zjS8lhk4Vlx1" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$15,093</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98E_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000168896Member_zAXtMDbcoXCVc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">23.66%</span></div> </td> </tr> </table> </div> </div> </div> 2676314000 119 15093000 0.2366 <div id="xdx_80z_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000168896Member_dU_zsDRZLIrrZUJW"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--GeographicRegionAxis__srt--EuropeMember_zcDqJJBUCYnFG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 42.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--GeographicRegionAxis__srt--AmericasMember_zXaRSCIJyThEH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 26.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zWxpRypKCroNM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Middle East</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--GeographicRegionAxis__us-gaap--MiddleEastMember_zZZQdyCQVPdZz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zFTazucPVxCRh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 20.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molz3ywq.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--GBP_zcIHTxHckdBgx" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--CAD_zrGBkQFWCOZOX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danish krone</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--DKK_zUjvwKugtbItM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--EUR_zOCJXncTTYuBi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--JPY_zPxaUnnemAsHt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--MXN_zCuRmXAnsrjPF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norwegian krone</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--NOK_zHtnJTmSJjSxQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swedish krona</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--SEK_zCukMdLyMSQTF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--CHF_zvYnspyiAYseB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__currency--USD_zoJDVauzEPzpE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--OtherCategory1Axis__custom--OtherMember_zYgmQenEMtSri" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="padding: 0; box-sizing: border-box; height: 4pt; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zaNquemPKyxgD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zQkkcTukYDMNy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zvqzIjIawLHhG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__custom--FinancialsMember_zECtdgqjzmETL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__custom--HealthCareMember_zNIOAzyJLWFPB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zPhjyIFWQEDmr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 27.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zmoqvrUGSqFLP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zrhHjmkavDHJz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zsaUvlYOqoQwi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon39otj.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.424 0.265 0.030 0.059 0.209 0.199 0.049 0.054 0.106 0.208 0.013 0.013 0.018 0.027 0.292 0.021 0.003 0.050 0.058 0.080 0.279 0.270 0.227 0.020 0.013 <p id="xdx_809_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000168896Member_dU_zeVJ5FugdG89" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Metso Oyj</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Finland</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--MetsoOyjMember_zDDluJgOHZViE" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">LivaNova plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--LivaNovaplcMember_zetxVmkpyXkvo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Nice Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Israel</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--NiceLtdMember_zzcqviagOgHMv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brenntag SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--BrenntagSEMember_zSlrGRUxaiatF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Convatec Group plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--ConvatecGroupplcMember_zcrIhoaQVXHao" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rohm Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--RohmCoLtdMember_zcgGyuIiHVkaD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SolarEdge Technologies, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--SolarEdgeTechnologiesIncMember_zDXVnclqSiCaD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kinaxis, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--KinaxisIncMember_zjLpzoRAebSsq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Genmab A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--GenmabASMember_zWwPPnEuZFGpT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Balfour Beatty plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--BalfourBeattyplcMember_zoRjqdHQYYHnp" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000168896Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_ztUMTHuNyopyo" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.1%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.031 0.029 0.026 0.024 0.021 0.019 0.019 0.019 0.018 0.241 Semi-Annual Shareholder Report ARTKX This semi-annual shareholder report contains important information about Artisan International Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017763Member_zHFdSBrQc5jk">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017763Member_z7G1ngC8xfM4">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80I_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017763Member_dU_zIPKizrsJZFvA"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90D_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017763Member_zdyMBxsoQZyJd">Artisan International Value Fund</span> - <span id="xdx_90x_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017763Member_zTbHVYdkdqxpG">Investor Shares</span></span></div> </td> <td id="xdx_98q_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017763Member_zQwjrtFWRNLKi" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$60</span></div> </td> <td id="xdx_98M_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017763Member_zYaNikeiYtEub" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.18%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Value Fund Investor Shares 60 0.0118 <div id="xdx_80D_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017763Member_dU_zEhrXYKpJskYW"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_980_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017763Member_z14C6lRzLNn3" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$40,702,830</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98j_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017763Member_zeTqeRryiSomE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">55</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98E_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017763Member_zTLoMWMqS9Wh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$194,217</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98x_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017763Member_zcPulnnCzQwRU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.09%</span></div> </td> </tr> </table> </div> </div> </div> 40702830000 55 194217000 0.1209 <div id="xdx_80L_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017763Member_dU_zLTiMMHkVQzet"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--GeographicRegionAxis__srt--EuropeMember_zQVhJdbvAhrST" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 54.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--GeographicRegionAxis__srt--AmericasMember_zPdEZvcIsfePo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zhmMQFLullaIS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zKQSejhlXGIfU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1mon9g35q.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--GBP_zwcjRtjaijECn" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">13.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--CAD_zbHkrafByhBmv" style="padding: 0 7pt 0 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--EUR_zymXvNEQRPzcE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">28.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--HKD_zeFvxkJkqRZJq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--INR_zeZQwLSnyPxIN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--JPY_zljOjgnCarkNN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--KRW_zQAAYWxrXimze" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--MXN_ziHgqPAYncNbZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--CHF_zYjJSgtUkAupf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--OtherCategory1Axis__currency--USD_zziQFFWWdaNud" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zTPAqHSMENLfk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zAiUbqJUCjlRE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zzcJSEggcgcsi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__custom--EnergyMember_zLRqYGSggsUwF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__custom--FinancialsMember_zhGABGtoIkeac" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__custom--HealthCareMember_zHwgLvggaelCY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zZQxfBkvOLQiQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zuznbjtSsqzaT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zjDxFdkFPoLGn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zUassPTRISyYk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momztaa1.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.541 0.216 0.114 0.010 0.136 0.038 0.282 0.008 0.018 0.017 0.068 0.005 0.169 0.259 0.009 0.142 0.157 0.023 0.110 0.110 0.159 0.109 0.073 0.108 <p id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017763Member_dU_zHymUkxZ3kH1" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ABB Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--ABBLtdMember_zzTvgddtEoOtI" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arch Capital Group Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--ArchCapitalGroupLtdMember_ztwukJMUPoxuK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Novartis AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--NovartisAGMember_zHeNTlrbmdEII" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zcohfyBWHAcNz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Koninklijke Philips NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--KoninklijkePhilipsNVMember_zdWmavWQwzOhy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brenntag SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--BrenntagSEMember_zDyZpIpUmkLOq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Unilever plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--UnileverplcMember_zexxILvCuGQzu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danone SA (Registered shares)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--DanoneSAMember_zSMmWEUOsSZlk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">UBS Group AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--UBSGroupAGMember_zouZYsMWbgOBS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">DSM-Firmenich AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--DSMFirmenichAGMember_zDJOjqEyaOHod" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017763Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zbYccozzNbfBB" style="box-sizing: border-box; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34.7%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.040 0.039 0.038 0.038 0.037 0.033 0.032 0.032 0.030 0.028 0.347 Semi-Annual Shareholder Report APDKX This semi-annual shareholder report contains important information about Artisan International Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000141335Member_z7ElWDquPeXc">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141335Member_zup5Vtfo8C98">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80g_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000141335Member_dU_zchNrdiQTXOmu"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90o_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000141335Member_znwfGsyDMcrCC">Artisan International Value Fund</span> - <span id="xdx_90g_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000141335Member_zkcYHATFonUmc">Advisor Shares</span></span></div> </td> <td id="xdx_98R_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000141335Member_zybpYHxqQFgCf" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$53</span></div> </td> <td id="xdx_98L_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000141335Member_zTHxTrlXVXUMT" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.04%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Value Fund Advisor Shares 53 0.0104 <div id="xdx_80q_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000141335Member_dU_zssJRBOXQUGfK"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_985_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000141335Member_zXhinCRqLfkg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$40,702,830</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98q_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000141335Member_zcbijRpmPauin" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">55</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98E_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000141335Member_z1O8LBo1crh7" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$194,217</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98Y_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000141335Member_zkyVLxYBkFIgY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.09%</span></div> </td> </tr> </table> </div> </div> </div> 40702830000 55 194217000 0.1209 <div id="xdx_80S_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000141335Member_dU_zXAjHfcqiKxJa"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--GeographicRegionAxis__srt--EuropeMember_zjqeOmgnIMzIs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 54.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--GeographicRegionAxis__srt--AmericasMember_zHGcjxtMdbbOI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zyOesycNHGCkb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zDWAZmfMWfEJZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1mon9g35q.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--GBP_zwhERndWRLNfr" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">13.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--CAD_zgahMsTQIOKZv" style="padding: 0 7pt 0 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--EUR_zLQyWtCYjJfKo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">28.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--HKD_zVYLhWDlKwiMy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--INR_zfwDyHmqcKfwA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--JPY_zdIhIvhBJMndN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--KRW_zlUzuWdGOuTSb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--MXN_zTYwxpDrUIhTI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--CHF_zgxCsGRIFderi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--OtherCategory1Axis__currency--USD_zMtVlKMkYjUsE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zJbSVFcKbkhRX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zuMmOvYWHhNjg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zLtZzqJhDTDld" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__custom--EnergyMember_zxsTlgJqJYiis" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__custom--FinancialsMember_zuURYEDiiDJcG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__custom--HealthCareMember_zVIMavqYsZYqV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zJIfoXuOaLJfC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zaHozyNaYeBSi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zdLvGvTTkXKee" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zqAbjoCmXGbTX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momztaa1.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.541 0.216 0.114 0.010 0.136 0.038 0.282 0.008 0.018 0.017 0.068 0.005 0.169 0.259 0.009 0.142 0.157 0.023 0.110 0.110 0.159 0.109 0.073 0.108 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000141335Member_dU_zM2QWhLdAhPd" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ABB Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--ABBLtdMember_zIDYoNPPjKhrD" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arch Capital Group Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--ArchCapitalGroupLtdMember_zMxemZzSlphuW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Novartis AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--NovartisAGMember_zaNdIdkSBnJAP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zCuPYWyVzvsEY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Koninklijke Philips NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--KoninklijkePhilipsNVMember_zwjPhXGZsbIOo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brenntag SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--BrenntagSEMember_zbtPkPyPRmhWr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Unilever plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--UnileverplcMember_zTQkqKixYALRV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danone SA (Registered shares)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--DanoneSAMember_zPAzRKLxapSjy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">UBS Group AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--UBSGroupAGMember_zOQjbrnRXNXuh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">DSM-Firmenich AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--DSMFirmenichAGMember_zdueHGSAYqkKO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141335Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zIsUYcCdNLYmc" style="box-sizing: border-box; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34.7%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.040 0.039 0.038 0.038 0.037 0.033 0.032 0.032 0.030 0.028 0.347 Semi-Annual Shareholder Report APHKX This semi-annual shareholder report contains important information about Artisan International Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000037860Member_z31y28kQ876f">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000037860Member_zCMdLjXfNGb1">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80q_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000037860Member_dU_zjkrQeditwqNR"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90Y_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000037860Member_zzLPmGPfUjfoS">Artisan International Value Fund</span> - <span id="xdx_90g_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000037860Member_zSoVGugAmEdNq">Institutional Shares</span></span></div> </td> <td id="xdx_98U_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000037860Member_zcpCevNKUzCmV" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$48</span></div> </td> <td id="xdx_98P_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000037860Member_zZKtkZZdXtsBR" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.95%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan International Value Fund Institutional Shares 48 0.0095 <div id="xdx_80v_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000037860Member_dU_zGJngNxUVgUcQ"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98A_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000037860Member_zGnem6NQgza4" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$40,702,830</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98N_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000037860Member_zOMvVGNZVyoTF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">55</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_981_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000037860Member_zjFjVHmETa38" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$194,217</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98c_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000037860Member_zKoZMelgziAbo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.09%</span></div> </td> </tr> </table> </div> </div> </div> 40702830000 55 194217000 0.1209 <div id="xdx_80q_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000037860Member_dU_zNSXJNDzmOIPN"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--GeographicRegionAxis__srt--EuropeMember_zFTFlItqyAsXD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 54.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--GeographicRegionAxis__srt--AmericasMember_zNMozrMuuNEOd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zlSzedhUayEXW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zxBSeYhcGZlef" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1mon9g35q.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--GBP_zlcnEloRQCtVa" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">13.6%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canadian dollar</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--CAD_zzPaewANiIEUv" style="padding: 0 7pt 0 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--EUR_zmLnpQqMQThck" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">28.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--HKD_zsZEIKwWFonkw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--INR_zOYsjZWLaBtcX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japanese yen</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--JPY_zICJQYDFgQBcB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--KRW_zTVQnPviSyGyI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--MXN_zKmNpLEPHrkkK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--CHF_zDXGevDKdJjEU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--OtherCategory1Axis__currency--USD_zVWvzYWMjUDWs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zopFPdEsmKXGh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zSejrwZxCQPTq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zdYTaQmpcbIOi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__custom--EnergyMember_zgDgieYOdsrwe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__custom--FinancialsMember_zKFgdLHmoalfN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__custom--HealthCareMember_zKNqaOSHuphWt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zZgCzIUXzxTED" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zmFIsmXfiMWWs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zzTdyHqwykPkG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_ziUNUDHWYRKVK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.8% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momztaa1.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.541 0.216 0.114 0.010 0.136 0.038 0.282 0.008 0.018 0.017 0.068 0.005 0.169 0.259 0.009 0.142 0.157 0.023 0.110 0.110 0.159 0.109 0.073 0.108 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000037860Member_dU_zCAh5aJ8af3d" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ABB Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--ABBLtdMember_zSnCOVPMNzpcc" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Arch Capital Group Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--ArchCapitalGroupLtdMember_zUWAlbsoVYOcB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Novartis AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--NovartisAGMember_zJHDYByHRzvgY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zlXRQJpJabnYy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Koninklijke Philips NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--KoninklijkePhilipsNVMember_zVPJPCaTxggFB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brenntag SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--BrenntagSEMember_zNVRHpnkCqjyX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Unilever plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--UnileverplcMember_zccKNVSalbYZC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Danone SA (Registered shares)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--DanoneSAMember_zxfYjuGVSAJGD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">UBS Group AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--UBSGroupAGMember_zJgQHLuWTyGGd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">DSM-Firmenich AG</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--DSMFirmenichAGMember_zFTBjizvUSfvd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000037860Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zgHmoZfLjIGst" style="box-sizing: border-box; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34.7%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.040 0.039 0.038 0.038 0.037 0.033 0.032 0.032 0.030 0.028 0.347 Semi-Annual Shareholder Report ARTMX This semi-annual shareholder report contains important information about Artisan Mid Cap Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zaJPS06UHCv">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zNOYIwJtLTHb">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zYPydPaJ8FSa">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80W_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017765Member_dU_zpbvZYzvIRsyW"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90c_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zulzMcDSBVHTw">Artisan Mid Cap Fund</span> - <span id="xdx_90W_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zVOsVcuJlXmuE">Investor Shares</span></span></div> </td> <td id="xdx_98M_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zpNuhjvCCAclZ" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$59</span></div> </td> <td id="xdx_98m_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zYoJEsvCeExyE" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.23%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Mid Cap Fund Investor Shares 59 0.0123 <div id="xdx_80G_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017765Member_dU_ziHuwaMSeOmxD"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_981_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017765Member_zHR2svNYvoC2" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,963,341</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98v_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017765Member_zrjUhfSQuWZtN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">64</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; width: 300pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_981_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_z03PfMRMHQSh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$16,028</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98p_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zaCERXyuXAVPt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29.55%</span></div> </td> </tr> </table> </div> </div> </div> 2963341000 64 16028000 0.2955 <div id="xdx_80M_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017765Member_dU_zuzHceXHLedSY"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--GeographicRegionAxis__srt--AmericasMember_zyszeCOpzXpDi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 86.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--GeographicRegionAxis__srt--EuropeMember_zwDufgLFXuFsA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.8% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molo5kr0.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--OtherCategory1Axis__currency--USD_zBMUmogClQPkY" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zZOwxHCcfKLoW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zjGkXIJAqWsPB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_ztxTzzRwoacTE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__custom--EnergyMember_zXsiCGTmRRlWz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__custom--FinancialsMember_zHwHTowMcNdid" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__custom--HealthCareMember_zEBTtqVRdviRD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 30.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zOdwSuqZiEfnW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zbytwsEegTNoa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zFaouTttuyskp" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zwNXFggIchBnZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzrpf9.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.862 0.098 1.000 0.090 0.090 0.027 0.020 0.021 0.303 0.219 0.187 0.016 0.027 <p id="xdx_805_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017765Member_dU_zdN21hEOBul2" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zBKvAlwpAqRII" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zcbNvToajclXD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zTOSkKJINiauL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">West Pharmaceutical Services, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--WestPharmaceuticalServicesIncMember_zhHfztCMjtVvJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Comfort Systems USA, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--ComfortSystemsUSAIncMember_znjhCKwhAuMvc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">RBC Bearings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--RBCBearingsIncMember_zMqSTpVtOsVtu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spotify Technology SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--SpotifyTechnologySAMember_zcCwfoJFRGGVB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Woodward, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--WoodwardIncMember_zKHilyFavCctf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">US Foods Holding Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--USFoodsHoldingCorpMember_zQBLHluNjvmdK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">API Group Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--APIGroupCorpMember_zXwDCyeNPMQty" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017765Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zWAvILrnDZcAv" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.052 0.046 0.044 0.031 0.031 0.030 0.027 0.027 0.027 0.025 0.340 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000017765Member_dU_zAZg1tSsukDk" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zXuwVw7bz13b">February 1, 2026</span>, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zfpyu3As9AV6">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017765Member_zHEp2oHXVj1">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDMX This semi-annual shareholder report contains important information about Artisan Mid Cap Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zTWh692QPbv6">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zAkEbUL282eh">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zKJfhK2cUkW9">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000141336Member_dU_zwcXIDGRvDzpG"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90g_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zvqAeZiCVHNtJ">Artisan Mid Cap Fund</span> - <span id="xdx_90k_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zDigCJBslpMlu">Advisor Shares</span></span></div> </td> <td id="xdx_98x_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zLDvUimAuShEj" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$53</span></div> </td> <td id="xdx_98k_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zWOlSzdnHyvgF" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.10%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Mid Cap Fund Advisor Shares 53 0.0110 <div id="xdx_80z_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000141336Member_dU_zcPsUWsmbZrDz"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_987_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000141336Member_zLgQxXB8wM19" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,963,341</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98G_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000141336Member_zuIvwxzwyyYRJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">64</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; width: 300pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_985_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zCI2potmsYJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$16,028</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98W_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zIyVbRPCnCMIc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29.55%</span></div> </td> </tr> </table> </div> </div> </div> 2963341000 64 16028000 0.2955 <div id="xdx_80x_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000141336Member_dU_zfHOaSllejsTh"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--GeographicRegionAxis__srt--AmericasMember_zcIRGGXtuHQFn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 86.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--GeographicRegionAxis__srt--EuropeMember_zSDvlAjQIYfaX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.8% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molo5kr0.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--OtherCategory1Axis__currency--USD_zbtbcHiFCazzm" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zMFevcqAuFrSE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zkBvhorSztFNX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zXMLmzwsgWdqN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__custom--EnergyMember_zjJAItBwfmDXa" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__custom--FinancialsMember_zcICADnBSIxOx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__custom--HealthCareMember_zUVLnJnESueQx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 30.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zWKmAUaSPcnBr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zvkntgfhUvjhj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zYuVcsluZdACG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zPfuXAZoxaDUC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzrpf9.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.862 0.098 1.000 0.090 0.090 0.027 0.020 0.021 0.303 0.219 0.187 0.016 0.027 <p id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000141336Member_dU_ztTFv7NwQbPc" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zZwHOgZEbXFsf" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zfYQdSPKLmKpo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zUtuuRIMRykQF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">West Pharmaceutical Services, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--WestPharmaceuticalServicesIncMember_zuXllHZLvAgIh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Comfort Systems USA, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--ComfortSystemsUSAIncMember_zekUJkEBCFxtK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">RBC Bearings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--RBCBearingsIncMember_zLWLgzxFMYVPd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spotify Technology SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--SpotifyTechnologySAMember_zHyKUyGTuHbkx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Woodward, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--WoodwardIncMember_zJPwonvkltnqR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">US Foods Holding Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--USFoodsHoldingCorpMember_zdKMGlhBvAYie" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">API Group Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--APIGroupCorpMember_zMiaXWxzsaBfm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141336Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zsNEWnxmgNxjc" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.052 0.046 0.044 0.031 0.031 0.030 0.027 0.027 0.027 0.025 0.340 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000141336Member_dU_zi0j2bfTK7n8" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zCWw8spFkDY7">February 1, 2026</span>, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_ztmXw5kd2pM7">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141336Member_zAUdk8j6IDp8">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHMX This semi-annual shareholder report contains important information about Artisan Mid Cap Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_z0XMkA2X7qqd">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zY67AtMJdV2f">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zerJFYxaB4c3">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80A_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017764Member_dU_zQRorNNzPTKiy"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90g_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zeSJWNvrxZPmk">Artisan Mid Cap Fund</span> - <span id="xdx_90J_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zBlEFokAnOJQB">Institutional Shares</span></span></div> </td> <td id="xdx_98p_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zZlhMXXbZLDdH" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$48</span></div> </td> <td id="xdx_98V_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zMLWriQMqBARy" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.99%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Mid Cap Fund Institutional Shares 48 0.0099 <div id="xdx_80J_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017764Member_dU_zlYOaIQOjwRjT"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017764Member_zFXMGwIeyVmk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,963,341</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98P_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017764Member_zcPgpHdkotUow" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">64</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; width: 300pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98F_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zOgDUZnQQjD1" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$16,028</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98Q_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zWBPJQpOgjiCT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29.55%</span></div> </td> </tr> </table> </div> </div> </div> 2963341000 64 16028000 0.2955 <div id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017764Member_dU_zdwHqALRPcvUZ"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--GeographicRegionAxis__srt--AmericasMember_zuXYLltnXfDhI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 86.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--GeographicRegionAxis__srt--EuropeMember_zwzhiaWRmyzRA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.8% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molo5kr0.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--OtherCategory1Axis__currency--USD_zLqdSnWpHZGBW" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zMcrzEUFlOWbx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zhQxqToxLMTjE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zxZBgllbQQNDk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__custom--EnergyMember_zvjqeOZsFmRGd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__custom--FinancialsMember_zrKGHlcDcMJkZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__custom--HealthCareMember_zGHerbxiaYQXy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 30.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zSiPsHcwROiqX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zwlMzndKIuHwe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zRULGyttrUAds" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zSKgLKwXOgkbX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzrpf9.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.862 0.098 1.000 0.090 0.090 0.027 0.020 0.021 0.303 0.219 0.187 0.016 0.027 <p id="xdx_804_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017764Member_dU_z0fhuu1Y0PLc" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zcJqBwcmacsdf" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argenx SE</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--ArgenxSEMember_zmSIxyQdjPeXb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Insmed, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--InsmedIncMember_zLTqPkbqjJvHH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">West Pharmaceutical Services, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--WestPharmaceuticalServicesIncMember_zkIvISSVfySpP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Comfort Systems USA, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--ComfortSystemsUSAIncMember_zQoUcmxGAiwsE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">RBC Bearings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--RBCBearingsIncMember_zUQswTmNWMIjy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spotify Technology SA</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--SpotifyTechnologySAMember_zGUWyyKIDxrAZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Woodward, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--WoodwardIncMember_zORJUngWIoBzw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">US Foods Holding Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--USFoodsHoldingCorpMember_zhaSICmkQxpTn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">API Group Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--APIGroupCorpMember_zJuMWjysDPfsu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017764Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zRShEVXRyiNJv" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.052 0.046 0.044 0.031 0.031 0.030 0.027 0.027 0.027 0.025 0.340 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000017764Member_dU_zF6JZkVjcRAe" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zBWBFPG7AGw2">February 1, 2026</span>, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_z9apJhGes6d9">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017764Member_zMOUTy1JqBXi">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report ARTQX This semi-annual shareholder report contains important information about Artisan Mid Cap Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zIv9jMlclmC">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zy9wkUqVIELh">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zX5KXvaYw281">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80k_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017766Member_dU_zhsEHoSWeBJwg"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90v_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zwrOXDTbIMBdI">Artisan Mid Cap Value Fund</span> - <span id="xdx_90H_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zikCszxdtMVAM">Investor Shares</span></span></div> </td> <td id="xdx_98Y_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zDhzrKzRJiDXf" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$63</span></div> </td> <td id="xdx_98g_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zgOZGzZzBTXOW" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.28%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Mid Cap Value Fund Investor Shares 63 0.0128 <div id="xdx_80V_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017766Member_dU_zZEcGjqmjAgOw"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_985_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017766Member_zkHkaL1ly8a3" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$490,700</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98u_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017766Member_zoVXcgjRdXRWt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_986_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zD0KcfRrQPqc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,856</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98M_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zTdRNSDTHLlBs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">22.43%</span></div> </td> </tr> </table> </div> </div> </div> 490700000 53 2856000 0.2243 <div id="xdx_80J_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017766Member_dU_zKOaqtLDtoIWY"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000017766Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zNQolXztniE9" style="box-sizing: border-box; text-align-last: auto"> 95.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000017766Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zDjkTfDqesnb" style="box-sizing: border-box; text-align-last: auto"> 4.4% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molq0so3.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--OtherCategory1Axis__currency--USD_zcUYzinqPVEaj" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zgHIJdlHTwajo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zVSeNhoEhSAhw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zkVJgNZtqYYFM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__custom--EnergyMember_zzTVShztBEFcq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__custom--FinancialsMember_zuWRQABnlnict" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__custom--HealthCareMember_zojHznsjfBRHl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zwBlhFnxKIQwG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zdhDrhBjaLNsb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zWSMwZxmnuQiD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zgmVqEzujSgoZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zKCVoOvNOwzMg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zGfhNuOcFCzEx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzqvzz.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.956 0.044 1.000 0.054 0.113 0.059 0.053 0.143 0.108 0.150 0.109 0.041 0.071 0.077 0.022 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017766Member_dU_ztPu0I7KbVB1" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Analog Devices, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--AnalogDevicesIncMember_zQrlcbLiYplmI" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">OGE Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--OGEEnergyCorpMember_zHaPqnhmqJZqA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">First Citizens BancShares, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--FirstCitizensBancSharesIncMember_zunMSnPFQUgEo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lamar Advertising Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--LamarAdvertisingCoMember_zlpXWXyTcvRzZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Permian Resources Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--PermianResourcesCorpMember_zCdOXcUvojTLY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">nVent Electric plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--NVentElectricplcMember_zGziWASzGAqkw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Vontier Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--VontierCorpMember_ziHKoUIMMFRyR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NOV, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--NOVIncMember_zfBlIscCdfFkS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tyson Foods, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--TysonFoodsIncMember_zTqVnkquuWZqv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alliant Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--AlliantEnergyCorpMember_zpXldFKwYsnSH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017766Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zULPTPAPnvsWZ" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27.1%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.033 0.029 0.028 0.028 0.027 0.027 0.026 0.025 0.024 0.024 0.271 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000017766Member_dU_zKVOcMNqD9S1" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zjQFXzYqBd3j">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zJyvWp2kK7Oa">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017766Member_zt2MIvXR4A3l">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDQX This semi-annual shareholder report contains important information about Artisan Mid Cap Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zDZKPCCe3oI1">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zPK5m3VhEQtj">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zOVr1vLhMg3l">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80b_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000141337Member_dU_zlHEVbZPiJqcP"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90G_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zjyrasGlcxapB">Artisan Mid Cap Value Fund</span> - <span id="xdx_90s_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zrGTeBFieJRPU">Advisor Shares</span></span></div> </td> <td id="xdx_98i_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zxFVVnrUIsBpI" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$57</span></div> </td> <td id="xdx_98N_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zgvPwrAPQATmH" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.17%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Mid Cap Value Fund Advisor Shares 57 0.0117 <div id="xdx_80G_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000141337Member_dU_zsnhINhYtzqUl"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000141337Member_z4IX1zYvLVh5" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$490,700</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98K_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000141337Member_zMqVCMgTULwye" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98A_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_ziAdkOyHm5m" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,856</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98i_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zPCpqcvvdfAGF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">22.43%</span></div> </td> </tr> </table> </div> </div> </div> 490700000 53 2856000 0.2243 <div id="xdx_80V_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000141337Member_dU_zkJrCdRbtZnrx"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000141337Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zIkOAF40NtIl" style="box-sizing: border-box; text-align-last: auto"> 95.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000141337Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zn2NXgE80WSi" style="box-sizing: border-box; text-align-last: auto"> 4.4% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molq0so3.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--OtherCategory1Axis__currency--USD_zOSwKsQTuTRte" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zgiObZLcVZWhs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zzVlTBTscaumX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zBtXqLQCggZMP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__custom--EnergyMember_zifajtnGEcVkr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__custom--FinancialsMember_zkzfKFyxvhhBv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__custom--HealthCareMember_zKlTXvzFqDKMG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zzVeuWbjTgJoE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zManvhCsRkIEi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zOOEDnqOztWfe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zhMtqRjiXQgxj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_ziTVqOigBhppk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zHSfaqfOjXNgw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzqvzz.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.956 0.044 1.000 0.054 0.113 0.059 0.053 0.143 0.108 0.150 0.109 0.041 0.071 0.077 0.022 <p id="xdx_803_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000141337Member_dU_zTllcWSKQi9d" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Analog Devices, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--AnalogDevicesIncMember_zhfjGGmNUOOFn" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">OGE Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--OGEEnergyCorpMember_zUdgiAlOfcZaT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">First Citizens BancShares, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--FirstCitizensBancSharesIncMember_zRPAiOldBrQVg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lamar Advertising Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--LamarAdvertisingCoMember_zDtcAjyBkTBIc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Permian Resources Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--PermianResourcesCorpMember_zpLumBosUOCrk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">nVent Electric plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--NVentElectricplcMember_zxDBGIkqyNHCI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Vontier Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--VontierCorpMember_zqPoAlWLTVBok" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NOV, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--NOVIncMember_zzTmmWTYyVkZW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tyson Foods, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--TysonFoodsIncMember_zUAhafWXRXYKn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alliant Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--AlliantEnergyCorpMember_zaOZDtDkzXYHr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141337Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zJDMZenifoyYR" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27.1%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.033 0.029 0.028 0.028 0.027 0.027 0.026 0.025 0.024 0.024 0.271 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000141337Member_dU_z68gq1tGA6Fe" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zWTPKOIcqY5">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zI1BrTHs8kC2">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141337Member_zsvZSMfdBCXe">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHQX This semi-annual shareholder report contains important information about Artisan Mid Cap Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zdzh68w9cRQa">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zAv7I2RV9Ayk">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_ztLjfHXmZM16">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80g_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000110142Member_dU_zwvbXUZQFpKTZ"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90R_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zUuhFOApezfZT">Artisan Mid Cap Value Fund</span> - <span id="xdx_90v_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zjYBJenznTXrP">Institutional Shares</span></span></div> </td> <td id="xdx_98n_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zBeFBqSXCQOwt" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$53</span></div> </td> <td id="xdx_98h_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zmcTBUlPZkVah" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.08%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Mid Cap Value Fund Institutional Shares 53 0.0108 <div id="xdx_80k_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000110142Member_dU_ziMJIuymvlmAc"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_983_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000110142Member_zdRFzUiGfBs3" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$490,700</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98D_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000110142Member_zwUYjgLGykBgN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98C_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zhsBmg2llt5" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,856</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98T_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zGVUqzMxJukPh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">22.43%</span></div> </td> </tr> </table> </div> </div> </div> 490700000 53 2856000 0.2243 <div id="xdx_80x_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000110142Member_dU_zwipGkGEixZSR"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000110142Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zrgHeUsckzT4" style="box-sizing: border-box; text-align-last: auto"> 95.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000110142Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zbilqDrqBV5j" style="box-sizing: border-box; text-align-last: auto"> 4.4% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molq0so3.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--OtherCategory1Axis__currency--USD_zkxKOeUvDmaCe" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zBUDViHFZqTyC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zDfNMSZmWyAyl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_ztAZoYdMNdIkV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__custom--EnergyMember_zYumtChMyRWTr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__custom--FinancialsMember_zABNzmEXBvJfu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__custom--HealthCareMember_zhUvtIxZySaaw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_znSZmYplMRnfU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zxcYhSYhYQYIF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 10.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zqybgLCiDZwIv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zVSNylzQoVnzq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zpWKtkwIbtcPA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zSRWbOuEdqjia" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzqvzz.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.956 0.044 1.000 0.054 0.113 0.059 0.053 0.143 0.108 0.150 0.109 0.041 0.071 0.077 0.022 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000110142Member_dU_z5jpRM5bH1Ec" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Analog Devices, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--AnalogDevicesIncMember_ziwWVSQCqgOoc" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">OGE Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--OGEEnergyCorpMember_zlbYhfcFkzcih" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">First Citizens BancShares, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--FirstCitizensBancSharesIncMember_zwehNmlIwfakV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lamar Advertising Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--LamarAdvertisingCoMember_zSyJOTelArScz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Permian Resources Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--PermianResourcesCorpMember_zXCysJZHtyzSh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">nVent Electric plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--NVentElectricplcMember_zpbLLPOsKwpbT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Vontier Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--VontierCorpMember_zkQDICEWfwczk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NOV, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--NOVIncMember_zGOFXooxmvFUc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tyson Foods, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--TysonFoodsIncMember_zZKCdxoXfUPRB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alliant Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--AlliantEnergyCorpMember_zpwpYSAwmLnTs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000110142Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zOQJAlKvRsXZU" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27.1%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.033 0.029 0.028 0.028 0.027 0.027 0.026 0.025 0.024 0.024 0.271 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000110142Member_dU_z4eMsySsd9Xi" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zjddWcBpZgGj">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zRaMZDkCGRg5">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000110142Member_zn0nm39niB77">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report ARTNX This semi-annual shareholder report contains important information about Artisan Select Equity Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000217732Member_zE2yMoYIyVjh">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000217732Member_zXHGnb4VLZOc">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80l_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000217732Member_dU_zNpBEudsFnsiT"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90U_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000217732Member_zsKWvpGXuPucj">Artisan Select Equity Fund</span> - <span id="xdx_90y_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000217732Member_zINoHpizxwZMy">Investor Shares</span></span></div> </td> <td id="xdx_98g_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000217732Member_zGeezikOtSVom" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$64</span></div> </td> <td id="xdx_98b_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000217732Member_zGqIjymQnSlDD" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.25%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Select Equity Fund Investor Shares 64 0.0125 <div id="xdx_80K_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000217732Member_dU_zDptfckYQqMQg"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98F_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000217732Member_zUND3S2zdo3k" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$85,538</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98H_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000217732Member_zWHzqdZBIqHsC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_988_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000217732Member_zs5cXUhMaiik" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$262</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98q_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000217732Member_zZCQHodBEUyns" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.43%</span></div> </td> </tr> </table> </div> </div> </div> 85538000 21 262000 0.1643 <div id="xdx_80v_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000217732Member_dU_zYQNuZToYmNKY"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--GeographicRegionAxis__srt--AmericasMember_zNxWWWIGOyfFF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 78.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--GeographicRegionAxis__srt--EuropeMember_zaHBjpkkKoERG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zSlhviCRAsaDs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molorx3d.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--OtherCategory1Axis__currency--GBP_zDtEGQKVVozwp" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--OtherCategory1Axis__currency--EUR_zFNnfmOjRhsiW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--OtherCategory1Axis__currency--KRW_zNrLEbQImOCTZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--OtherCategory1Axis__currency--USD_zFtzLpZjLSsSa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">81.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zAnVTEpEvhYxJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zuHkrMVHixcBr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__custom--EnergyMember_zsjywbvamzlVt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__custom--FinancialsMember_zHHdzRoHTofui" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 34.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__custom--HealthCareMember_zULOAkuOCgAdQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zTGyHFpSnVdil" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zofmlrCJeMNys" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zjJRKzLRpsWqG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zeziPnUXuBERu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1momzqdhv.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.787 0.074 0.049 0.063 0.075 0.049 0.813 0.123 0.045 0.063 0.342 0.137 0.040 0.075 0.089 0.086 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000217732Member_dU_z7Z2Zf3F28f1" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Shell plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--ShellplcMember_zAlXoFkNxhJQI" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Citigroup, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--CitigroupIncMember_zECIbKwxOrEEz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Charles Schwab Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--CharlesSchwabCorpMember_zjzFZgBNgrolE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zCqwIhRdGrnrj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zFBJqqfpjpnXB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zJANOLGLmAJua" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">American Express Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--AmericanExpressCoMember_zevpxfqickRbr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">IQVIA Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--IQVIAHoldingsIncMember_zJREGTSnELmIa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Progressive Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--ProgressiveCorpMember_zHyXorXVYUNFB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elevance Health, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--ElevanceHealthIncMember_zSErqLNFosJwb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217732Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zvkLAjkAqRGhF" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.5%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.062 0.053 0.052 0.051 0.050 0.049 0.049 0.047 0.046 0.046 0.505 Semi-Annual Shareholder Report APDNX This semi-annual shareholder report contains important information about Artisan Select Equity Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000217733Member_zEYYlbD3aGlc">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000217733Member_zpewqbCuLcVd">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80y_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000217733Member_dU_zzUWKuOhPxWeh"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90A_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000217733Member_zuQvMAWUbJGMs">Artisan Select Equity Fund</span> - <span id="xdx_90F_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000217733Member_zOyVMDGRtYvgN">Advisor Shares</span></span></div> </td> <td id="xdx_98u_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000217733Member_zEQdwwlFSIzOr" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$59</span></div> </td> <td id="xdx_98r_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000217733Member_zUckcoaEnpymQ" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.15%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Select Equity Fund Advisor Shares 59 0.0115 <div id="xdx_80L_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000217733Member_dU_zgDqxogCSoCIe"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_980_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000217733Member_zZ0K7hGC8kHi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$85,538</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98g_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000217733Member_zEnsnolPwbNuP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98C_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000217733Member_zDF6Uxn4v76f" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$262</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98i_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000217733Member_zfmSpJhRULbFG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.43%</span></div> </td> </tr> </table> </div> </div> </div> 85538000 21 262000 0.1643 <div id="xdx_80s_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000217733Member_dU_zJLPzsXYJWmZv"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--GeographicRegionAxis__srt--AmericasMember_zOHeVSRVTDlnP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 78.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--GeographicRegionAxis__srt--EuropeMember_zboCIHVurppZc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zSoDJudBGALos" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molorx3d.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--OtherCategory1Axis__currency--GBP_zdOtBxYionePB" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--OtherCategory1Axis__currency--EUR_zpPRxJyxxVRrZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--OtherCategory1Axis__currency--KRW_zODnrwOcqdTIj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--OtherCategory1Axis__currency--USD_zXGktuIluViwM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">81.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zQlLxexyxAnBb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zYzvFzwWtTpbI" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__custom--EnergyMember_zZJstkzWmLhgP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__custom--FinancialsMember_zDuMzfXDWOZnD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 34.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__custom--HealthCareMember_zGaPIgiKXqhln" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zCeSrbfDQmMYR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zhcMqOqOpZCKx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zbhCcTIFrYjel" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zRwqpKZofgcmT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1momzqdhv.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.787 0.074 0.049 0.063 0.075 0.049 0.813 0.123 0.045 0.063 0.342 0.137 0.040 0.075 0.089 0.086 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000217733Member_dU_zTb85eUQoJ3" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Shell plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--ShellplcMember_zIMUNNFZdIZTB" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Citigroup, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--CitigroupIncMember_zqCAdpKKiUboD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Charles Schwab Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--CharlesSchwabCorpMember_zkdLIwlhwvSZn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zSKbocgasmZvy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zpvPwHkeKYREI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zIFpwleeOxWXE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">American Express Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--AmericanExpressCoMember_zCKPACYUJRAof" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">IQVIA Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--IQVIAHoldingsIncMember_zzSuXUjxJNckR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Progressive Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--ProgressiveCorpMember_zAfjjRTXQfdQS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elevance Health, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--ElevanceHealthIncMember_zJEnxbcWAyFlr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217733Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zNLCdSeLuljzU" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.5%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.062 0.053 0.052 0.051 0.050 0.049 0.049 0.047 0.046 0.046 0.505 Semi-Annual Shareholder Report APHNX This semi-annual shareholder report contains important information about Artisan Select Equity Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000217731Member_zDKLRQFlzcmc">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000217731Member_zcc5gB5hV6I6">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80w_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000217731Member_dU_zUxrrvHZQgGnl"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90l_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000217731Member_zMEwDMXHrZKCJ">Artisan Select Equity Fund</span> - <span id="xdx_90M_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000217731Member_znTQzlijgFmGW">Institutional Shares</span></span></div> </td> <td id="xdx_98F_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000217731Member_zhAQnWXcRuBoF" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$52</span></div> </td> <td id="xdx_98F_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000217731Member_zlGdZEvGGAoND" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.02%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Select Equity Fund Institutional Shares 52 0.0102 <div id="xdx_80r_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000217731Member_dU_zXabKcxJWLKpA"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000217731Member_zIAOZ5LXCNDf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$85,538</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98t_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000217731Member_zCsPmAAhzJTKC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98F_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000217731Member_zcFeOrCjP9c3" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$262</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98g_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000217731Member_zujzjZtcnIssL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.43%</span></div> </td> </tr> </table> </div> </div> </div> 85538000 21 262000 0.1643 <div id="xdx_80V_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000217731Member_dU_zVclYEkgrKwkM"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--GeographicRegionAxis__srt--AmericasMember_zTkZkMseEDihL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 78.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--GeographicRegionAxis__srt--EuropeMember_zXEwSlGmmPDpz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zbHyLuWtTXPqC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.9% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molorx3d.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">British pound</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--OtherCategory1Axis__currency--GBP_zAqKdxUnIIZhJ" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--OtherCategory1Axis__currency--EUR_zzmIZqyLgFisM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--OtherCategory1Axis__currency--KRW_zSReMXpeYEyYB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--OtherCategory1Axis__currency--USD_zJWCwvdMjdlZS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">81.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zGSzjPNZvEbAK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zwvRmftVmFsAr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__custom--EnergyMember_zpBTdjQLLxUFu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__custom--FinancialsMember_zimYICcebtdNu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 34.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__custom--HealthCareMember_zztadiyrSrewD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zujglRuONNMam" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zDQlpsyNtnPXt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zzMYetuyzKAjv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zqPPklXuTnUIx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.6% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1momzqdhv.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.787 0.074 0.049 0.063 0.075 0.049 0.813 0.123 0.045 0.063 0.342 0.137 0.040 0.075 0.089 0.086 <p id="xdx_809_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000217731Member_dU_z923K3h49uxg" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Shell plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--ShellplcMember_zaRPXYEvicPWs" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.2%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Citigroup, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--CitigroupIncMember_zjHnAguZpKUrz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Charles Schwab Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--CharlesSchwabCorpMember_zRPRmIrUYPpAa" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Bank of New York Mellon Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--BankofNewYorkMellonCorpMember_zbFsahwyVyXwS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zVFZWjBJhQWNT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCoLtdMember_zbPyzGUJvOzuU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">American Express Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--AmericanExpressCoMember_zqJYCuZsveRLZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">IQVIA Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--IQVIAHoldingsIncMember_zWCfijhvnHzgS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Progressive Corp. (The)</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--ProgressiveCorpMember_zwHCtxrEcoReF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elevance Health, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--ElevanceHealthIncMember_zgsbOenkymJxE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000217731Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zkFEmNWruBPOl" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50.5%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.062 0.053 0.052 0.051 0.050 0.049 0.049 0.047 0.046 0.046 0.505 Semi-Annual Shareholder Report ARTSX This semi-annual shareholder report contains important information about Artisan Small Cap Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zKZXOWJ6zEu">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_ztRhJXIxEzG4">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zgdz68jES1tj">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80O_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017767Member_dU_zPoVAgQdTOzOo"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90u_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zeUbYWHvTNPHH">Artisan Small Cap Fund</span> - <span id="xdx_90B_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zQMQBeanvBlql">Investor Shares</span></span></div> </td> <td id="xdx_98C_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zGRUcYxZtcEAu" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$64</span></div> </td> <td id="xdx_98n_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zDtVORsCKXWtJ" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.28%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Small Cap Fund Investor Shares 64 0.0128 <div id="xdx_80c_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017767Member_dU_zNGFXRAMxkGef"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98A_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017767Member_zNEurvMiGsNd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$890,742</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98p_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017767Member_zNMmZiYJJzcLO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_986_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zm9xPSgZ9wii" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$4,928</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98M_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zdcZbFRmZVeZF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">38.61%</span></div> </td> </tr> </table> </div> </div> </div> 890742000 56 4928000 0.3861 <div id="xdx_80P_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017767Member_dU_zIoDNVVJEVbXq"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000017767Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_z8rfeK4GrBx9" style="box-sizing: border-box; text-align-last: auto"> 96.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000017767Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zUUPsP2fLghk" style="box-sizing: border-box; text-align-last: auto"> 3.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molrb5oe.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--OtherCategory1Axis__currency--USD_zsbZbucLkMyab" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zIYYfiQCqVrec" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zVcrnHxMqprdX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--IndustrySectorAxis__custom--FinancialsMember_znyKVdHznqvbd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--IndustrySectorAxis__custom--HealthCareMember_zeDwdWhKTfMhC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 26.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zZYKHrOnZdtzo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 28.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zDpljdJSXdJAo" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zvQSyFkRvRrec" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zGeEamyHydLPm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzphoj.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.963 0.037 1.000 0.085 0.027 0.034 0.263 0.280 0.251 0.038 0.022 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017767Member_dU_ziJovxFaWVAd" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Modine Manufacturing Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--ModineManufacturingCoMember_zfgeWIzZWnMrR" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zohMxGQHhajue" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Twist Bioscience Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--TwistBioscienceCorpMember_zqyMtxKOUQzLd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VSE Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 61pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--VSECorpMember_zqhWseGziaHzq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 174pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MACOM Technology Solutions Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--MACOMTechnologySolutionsHoldingsIncMember_zOysdanGhCcbG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lattice Semiconductor Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--LatticeSemiconductorCorpMember_ziLLonhEAwccR" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cognex Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--CitigroupIncMember_zoLOErUezLEaw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Installed Building Products, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--InstalledBuildingProductsIncMember_zXjbLNyGDTYbX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Guidewire Software, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--GuidewireSoftwareIncMember_zSWiNwZjNlJtM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Flowserve Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--FlowserveCorpMember_zbEqOckcieLOD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017767Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zPncbyOTyaUeN" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.060 0.059 0.039 0.038 0.037 0.030 0.029 0.027 0.026 0.025 0.370 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000017767Member_dU_zGfk8rIFf2D7" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_z4UKzH5UP2gb">February 1, 2026</span>, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zxOmVyvvkZjg">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017767Member_zdlVll3F2ln2">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDSX This semi-annual shareholder report contains important information about Artisan Small Cap Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zopaLxRs1U22">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zLxKjn9omRvh">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zGHmbmu072b4">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80Z_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000177293Member_dU_zGYXeHhFSZBgK"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90q_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zSVMjqhQOhZWJ">Artisan Small Cap Fund</span> - <span id="xdx_90U_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zjhGTOKYGwMrN">Advisor Shares</span></span></div> </td> <td id="xdx_98V_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zFkytTGEyeNPg" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$58</span></div> </td> <td id="xdx_98u_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zDBmKVGrWHigd" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.15%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Small Cap Fund Advisor Shares 58 0.0115 <div id="xdx_80s_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000177293Member_dU_zzPboqIAdevuI"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000177293Member_zGKlC2D3mBQ1" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$890,742</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98C_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000177293Member_zXlBLjaqrOKYo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98E_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zy1h5uW3yCL5" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$4,928</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98Q_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zicebYARFZVrX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">38.61%</span></div> </td> </tr> </table> </div> </div> </div> 890742000 56 4928000 0.3861 <div id="xdx_80X_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000177293Member_dU_zjNCgGFCnpMrs"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177293Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zl2AtBsHR1lg" style="box-sizing: border-box; text-align-last: auto"> 96.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177293Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zErCSjswXS6a" style="box-sizing: border-box; text-align-last: auto"> 3.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molrb5oe.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--OtherCategory1Axis__currency--USD_zwsohmOVnepYZ" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zdvMhCcGltgEY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zbhRQsbedqIvs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--IndustrySectorAxis__custom--FinancialsMember_zUwzEPajemUVi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--IndustrySectorAxis__custom--HealthCareMember_zKPlsSbjvwylJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 26.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zkPSiTdvHTpjA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 28.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zzrZCkEyGTxbj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zmbcWPwONyMVM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zhEeYfcWzjsBj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzphoj.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.963 0.037 1.000 0.085 0.027 0.034 0.263 0.280 0.251 0.038 0.022 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000177293Member_dU_z8TDpqP2BeT9" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Modine Manufacturing Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--ModineManufacturingCoMember_zSKLxUxVYCeWi" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zOMnILOSxdxZW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Twist Bioscience Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--TwistBioscienceCorpMember_zDUrghDABWljv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VSE Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 61pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--VSECorpMember_znuOFNFkvRUuI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 174pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MACOM Technology Solutions Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--MACOMTechnologySolutionsHoldingsIncMember_zJPVLrYFfqGWO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lattice Semiconductor Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--LatticeSemiconductorCorpMember_zXYHvUyBzlzVD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cognex Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--CitigroupIncMember_zdgRZarcoHKRy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Installed Building Products, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--InstalledBuildingProductsIncMember_zgaoRkcEWuvCg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Guidewire Software, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--GuidewireSoftwareIncMember_zPVrUlhkGuvye" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Flowserve Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--FlowserveCorpMember_zdKKKcJWmynWk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000177293Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zHRwxnePryJCq" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.060 0.059 0.039 0.038 0.037 0.030 0.029 0.027 0.026 0.025 0.370 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000177293Member_dU_zUNJETFFvJY8" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zzoL0qHLUga5">February 1, 2026</span>, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zYQN9JNkbBG8">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000177293Member_zdLLlRpkpakg">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHSX This semi-annual shareholder report contains important information about Artisan Small Cap Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zobaeiZ3yJff">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_ztmvIT1aMHv3">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_z73oLpeqPhJ6">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80j_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000113863Member_dU_zlwYvmbKnAzVp"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90Q_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zisOznQZxPQyc">Artisan Small Cap Fund</span> - <span id="xdx_90R_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zBTrbYLrqpwMY">Institutional Shares</span></span></div> </td> <td id="xdx_98Z_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zUushQUjWCrEN" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$53</span></div> </td> <td id="xdx_98j_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zxrSDeRffFpHV" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.06%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Small Cap Fund Institutional Shares 53 0.0106 <div id="xdx_80r_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000113863Member_dU_zWUPBgTLpmZrO"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_985_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000113863Member_zUMgtNfBgb14" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$890,742</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98U_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000113863Member_zsGCQwhIkvJvi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98E_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zOA2A1joZdl1" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$4,928</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98f_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zejvAmMePnZuw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">38.61%</span></div> </td> </tr> </table> </div> </div> </div> 890742000 56 4928000 0.3861 <div id="xdx_80X_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000113863Member_dU_zDxmlbRrxBiKh"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO COMPOSITION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Composition</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Common Stocks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000113863Member__us-gaap--InvestmentTypeAxis__us-gaap--CommonStockMember_zghjnJVyqOce" style="box-sizing: border-box; text-align-last: auto"> 96.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Other assets less liabilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000113863Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsLessLiabilitiesMember_zgMGFYCr8J5b" style="box-sizing: border-box; text-align-last: auto"> 3.7% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes8qcrcf1molrb5oe.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--OtherCategory1Axis__currency--USD_zGHyrjwydgzvb" style="padding: 0 0 0 2px; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zGmFeUvHloafq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zBqFOUPfUaBGz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--IndustrySectorAxis__custom--FinancialsMember_zqhZqglBdorrF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--IndustrySectorAxis__custom--HealthCareMember_zRwQjJCSTOCqN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 26.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zNvNwjNEgSSuV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 28.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zVnKIGPImffrV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 25.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zZvfRRARYnpWH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zLRxOOiNGXigR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.2% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1momzphoj.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.963 0.037 1.000 0.085 0.027 0.034 0.263 0.280 0.251 0.038 0.022 <p id="xdx_804_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000113863Member_dU_zkViSRRaPyQj" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Modine Manufacturing Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--ModineManufacturingCoMember_zLdCkDzfLhhIK" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ascendis Pharma A/S</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--AscendisPharmaASMember_zGdegvWiGeLvS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Twist Bioscience Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--TwistBioscienceCorpMember_zEhjwZeZPXMRb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VSE Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 61pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--VSECorpMember_zBRdbXmZGbVVq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 174pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MACOM Technology Solutions Holdings, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--MACOMTechnologySolutionsHoldingsIncMember_zGkXQChUwVzCg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lattice Semiconductor Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--LatticeSemiconductorCorpMember_zuCfyAarlFXWc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cognex Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--CitigroupIncMember_zWNUPsxlBdkzS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Installed Building Products, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--InstalledBuildingProductsIncMember_zDOYTsXWbRBKr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Guidewire Software, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--GuidewireSoftwareIncMember_zzvyDiDwFLNTZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Flowserve Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--FlowserveCorpMember_zKkvVsliYkEti" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000113863Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zqRMYXUtSUThG" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37.0%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.060 0.059 0.039 0.038 0.037 0.030 0.029 0.027 0.026 0.025 0.370 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000113863Member_dU_z8jZtkSQxzDk" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: justify"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 96px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zWBAyFk49rQk">February 1, 2026</span>, Angela Wu was named portfolio manager of the Fund. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zHWWEgZ2Pca1">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000113863Member_zCKZnlt3kPek">800.344.1770</span>.</p> </div> <p style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"> </p> 2026-02-01 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report ARTZX This semi-annual shareholder report contains important information about Artisan Sustainable Emerging Markets Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000063255Member_zwxQWZEwUN3k">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000063255Member_zf1JTwEMBZC">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80w_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000063255Member_dU_zmabVOBVnzXdj"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90v_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000063255Member_zfPQAhcYasJLB">Artisan Sustainable Emerging Markets Fund</span> - <span id="xdx_90I_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000063255Member_zMutavBwDDAhN">Investor Shares</span></span></div> </td> <td id="xdx_98q_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000063255Member_zcIgWcngIoRmV" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$59</span></div> </td> <td id="xdx_98j_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000063255Member_zJFFXlIDQsUXw" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.15%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Sustainable Emerging Markets Fund Investor Shares 59 0.0115 <div id="xdx_80Y_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000063255Member_dU_zPIhmdNHGccSD"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_980_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000063255Member_zSPsChgRd0z2" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$524,267</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98B_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000063255Member_zCmAIeoRhpedI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">69</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98C_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000063255Member_zGviNigrctb5" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,970</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98r_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000063255Member_zViualBxGmpMs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.41%</span></div> </td> </tr> </table> </div> </div> </div> 524267000 69 1970000 0.1141 <div id="xdx_80l_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000063255Member_dU_zxQNXGestdGBw"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--GeographicRegionAxis__srt--EuropeMember_zApKiLBAZurWC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--GeographicRegionAxis__srt--AmericasMember_zQXqCQCcJlpfQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zUfeHvPCxxnxW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 91.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zKFLCQcKtEtmX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molrbwsy.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazilian real</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--BRL_zJIGrFNdIdTpf" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--EUR_zJumYTWRziTVT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--HKD_ziwzgSkxRLDxf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">17.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--INR_zckaYJCxVpzbU" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--KRW_zeblMyVhPRntE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--MXN_zIUBdNZuRrNuV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--TWD_zikXYbJTPYAuy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South African rand</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--ZAR_zkMDLFrMsprsI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Turkish lira</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--TRY_zCztepUjiYorT" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__currency--USD_zACGbSwQfAYNz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">18.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--OtherCategory1Axis__custom--OtherMember_zgSKdpYFmqzIg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zJYskZAfAXtdV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zMPsMBwhgZnvF" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zIGQoVKOMMmUP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__custom--EnergyMember_zVaNLivClGOzN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__custom--FinancialsMember_ztsAkTSytTQge" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 19.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__custom--HealthCareMember_zYwMLcQlVAyZL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zUoLBErZAheAB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98r_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zOOWMIlJKzpsz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 23.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zexJYyTtntqEA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zsYqStftNnTng" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zNREVDjGYQovd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.7% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon17gd1.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.007 0.004 0.916 0.041 0.064 0.048 0.170 0.066 0.115 0.033 0.191 0.028 0.019 0.186 0.080 0.071 0.122 0.043 0.055 0.197 0.033 0.132 0.234 0.063 0.013 0.037 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000063255Member_dU_zSM75RMjAaah" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zdpYeTocYhGuL" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">15.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zsjdVKBhMwUkY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alibaba Group Holding Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--AlibabaGroupHoldingLtdMember_zdrfMywgXQmkC" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SK hynix, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 60pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--SKhynixIncMember_zHBKJAxldABZI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MediaTek, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--MediaTekIncMember_zkURLDsKVEvqW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ICICI Bank Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--ICICIBankLtdMember_zUFmYbGttyDrO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Vista Energy SAB de CV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentina</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--VistaEnergySABdeCVMember_zVKeAPKrBetxK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zhuzhou CRRC Times Electric Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--ZhuzhouCRRCTimesElectricCoLtdMember_zWRGFsrEjeHnL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Anglogold Ashanti plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australia</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--AnglogoldAshantiplcMember_zxRtFtupuCAxd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wuxi Biologics Cayman, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--WuxiBiologicsCaymanIncMember_zzmGIwbwfjJCE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000063255Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zDuPMmHviNyyR" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">39.7%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.151 0.044 0.034 0.031 0.028 0.025 0.022 0.022 0.021 0.019 0.397 Semi-Annual Shareholder Report APDEX This semi-annual shareholder report contains important information about Artisan Sustainable Emerging Markets Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000235949Member_zMIekg9o50mc">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000235949Member_zi2dCUJ874Ch">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80t_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000235949Member_dU_zrpokDupgslnS"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90b_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000235949Member_zmIUluwjZIPgJ">Artisan Sustainable Emerging Markets Fund</span> - <span id="xdx_90o_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000235949Member_zgCmCSwlVATUe">Advisor Shares</span></span></div> </td> <td id="xdx_98t_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000235949Member_zQGPXDLuCjbBk" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$54</span></div> </td> <td id="xdx_98Z_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000235949Member_zVGxTuaHyndoU" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.05%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Sustainable Emerging Markets Fund Advisor Shares 54 0.0105 <div id="xdx_80I_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000235949Member_dU_zixbTWPJgOSAv"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_981_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000235949Member_zuUpy8FkcqQ3" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$524,267</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98Y_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000235949Member_ztHjQTUNREtKN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">69</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_986_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000235949Member_z4lyyBY7NR0f" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,970</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98H_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000235949Member_zQgYqIUcThifH" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.41%</span></div> </td> </tr> </table> </div> </div> </div> 524267000 69 1970000 0.1141 <div id="xdx_80Z_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000235949Member_dU_zoldZGwiVrHVR"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--GeographicRegionAxis__srt--EuropeMember_zbrsetjpxpTcC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--GeographicRegionAxis__srt--AmericasMember_ztcSgoAWpHRrL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zGBjEmwBmdOIZ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 91.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zwNNrkewoDnHL" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molrbwsy.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazilian real</span></div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--BRL_zbckLtFEaqjvm" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--EUR_zAvdHeIHdHxMz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--HKD_zWxUCEjHYpTmZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">17.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98E_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--INR_zKSEUkCaWGvxZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--KRW_zPEHFLWmmdwYW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--MXN_zCzFmoSRMVxnr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98M_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--TWD_zQrRwmIkfJwvO" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South African rand</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--ZAR_zgIjhCrQjvHCt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Turkish lira</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--TRY_znCZqGfqChztv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__currency--USD_zswFLbkFBejpJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">18.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--OtherCategory1Axis__custom--OtherMember_zOWgVonxlIukz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zazFvncBxLoDq" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zdKpLfOWDZeNb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zQCOwCWvVFETu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__custom--EnergyMember_zAVOqfXPkQsaK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__custom--FinancialsMember_zWmbGyYIAVqiN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 19.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__custom--HealthCareMember_zTdZdniFEnDqn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zZqFlWrWQFflv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zDeTSyALYHuBY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 23.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zraXFcWVDzGBr" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zIMKrVXwLBJQn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zAlAfLsiSteIH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.7% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon17gd1.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.007 0.004 0.916 0.041 0.064 0.048 0.170 0.066 0.115 0.033 0.191 0.028 0.019 0.186 0.080 0.071 0.122 0.043 0.055 0.197 0.033 0.132 0.234 0.063 0.013 0.037 <p id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000235949Member_dU_zF0QO1sWZ3V6" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zOevvkenHJFDZ" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">15.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zJymljysBIUFf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alibaba Group Holding Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--AlibabaGroupHoldingLtdMember_zvIWMpFgCsyYg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SK hynix, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 60pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--SKhynixIncMember_zMHndtKgHNTSZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MediaTek, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--MediaTekIncMember_zzbpMAHXJyYHd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ICICI Bank Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--ICICIBankLtdMember_zfptaCzVhkZCg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Vista Energy SAB de CV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentina</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--VistaEnergySABdeCVMember_zsPXFQIHjgtpq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zhuzhou CRRC Times Electric Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--ZhuzhouCRRCTimesElectricCoLtdMember_zdntaPjHZIndc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Anglogold Ashanti plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australia</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--AnglogoldAshantiplcMember_zPArSjqLCuZDj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wuxi Biologics Cayman, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--WuxiBiologicsCaymanIncMember_zVmRKrQRTNlWJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000235949Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zyJvGOxJTxVpb" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">39.7%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.151 0.044 0.034 0.031 0.028 0.025 0.022 0.022 0.021 0.019 0.397 Semi-Annual Shareholder Report APHEX This semi-annual shareholder report contains important information about Artisan Sustainable Emerging Markets Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000034765Member_zwyYeK4nyUxa">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000034765Member_zyvwhFGK6ZCg">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"></span> www.artisanpartners.com/prospectus 800.344.1770 <div id="xdx_80M_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000034765Member_dU_zjeGYZRJKgPDn"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90p_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000034765Member_zOpQlRDMezZHi">Artisan Sustainable Emerging Markets Fund</span> - <span id="xdx_90c_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000034765Member_zLQLItPQiyBWk">Institutional Shares</span></span></div> </td> <td id="xdx_98l_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000034765Member_zbDZLQcjTJODn" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$49</span></div> </td> <td id="xdx_98h_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000034765Member_ztgYEkMIaAiBM" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.96%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Sustainable Emerging Markets Fund Institutional Shares 49 0.0096 <div id="xdx_80A_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000034765Member_dU_zFhVuSNZVDuAT"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000034765Member_zweKTB9Pxs42" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$524,267</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98l_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000034765Member_zmjbxACWYCsTc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">69</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98D_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000034765Member_zovJmBC6HH7f" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,970</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98W_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000034765Member_zErqNRKimIGBK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.41%</span></div> </td> </tr> </table> </div> </div> </div> 524267000 69 1970000 0.1141 <div id="xdx_80i_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000034765Member_dU_zFHCiAeMxpQgI"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--GeographicRegionAxis__srt--EuropeMember_zTFFKjRNQceBf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--GeographicRegionAxis__srt--AmericasMember_zLXJrbkSNDmUK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Emerging Markets</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--GeographicRegionAxis__custom--EmergingMarketsMember_zhiXBMxKNaOcn" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 91.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pacific Basin</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--GeographicRegionAxis__custom--PacificBasinMember_zfVFfgWgryqJb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.1% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molrbwsy.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazilian real</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--BRL_zKnNEDNXscuDa" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.4%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--EUR_zsIyAXfMvINFi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong dollar</span></div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--HKD_zIBomVSrUqXJK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">17.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indian rupee</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--INR_zMifoiisfrMJE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Korean won</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--KRW_zWuqbIlVGbpKk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexican peso</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--MXN_zZRwuzTACULGr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">New Taiwan dollar</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--TWD_zUqkuxEyBXhSr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South African rand</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--ZAR_ztXHQNfNpAtIv" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Turkish lira</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--TRY_zKVAwstAfUTDb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__currency--USD_zQQrxRTZCMuJg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">18.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Other</span></div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--OtherCategory1Axis__custom--OtherMember_zrGIHvdWthVxn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zlXFjbnWQMXuW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zfvPaQWfoDjMw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zPencZrSAHcFH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__custom--EnergyMember_zvkJXlMPDPHBE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__custom--FinancialsMember_zJXQCZuMJcaCS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 19.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__custom--HealthCareMember_zZebcVvakOuZX" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zdxchpKRwvAcl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 13.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zeTVcYSyNFCYS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 23.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zGbrOFvXpTyKv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 6.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zLuJCDZOjPioj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zuJtUnfdumbKs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 3.7% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes8qcrcf1mon17gd1.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.007 0.004 0.916 0.041 0.064 0.048 0.170 0.066 0.115 0.033 0.191 0.028 0.019 0.186 0.080 0.071 0.122 0.043 0.055 0.197 0.033 0.132 0.234 0.063 0.013 0.037 <p id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000034765Member_dU_zXsGv2ecn9Yj" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 180pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zXUWvHwEzfvEv" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">15.1%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tencent Holdings Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--TencentHoldingsLtdMember_zwrjEriMTXHOX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alibaba Group Holding Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--AlibabaGroupHoldingLtdMember_zxjUjFpdyCVKm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SK hynix, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0; width: 60pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--SKhynixIncMember_zXMYEEnuvHcmj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MediaTek, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--MediaTekIncMember_zeDIzyusqIoTI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ICICI Bank Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--ICICIBankLtdMember_zSvzvMXvlGrvb" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Vista Energy SAB de CV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Argentina</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--VistaEnergySABdeCVMember_zBqxcOBRKJDXX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Zhuzhou CRRC Times Electric Co. Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--ZhuzhouCRRCTimesElectricCoLtdMember_ztwSOnwvBmrOf" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Anglogold Ashanti plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australia</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--AnglogoldAshantiplcMember_zylBFQzDnWegM" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wuxi Biologics Cayman, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--WuxiBiologicsCaymanIncMember_znfRnjCWcBGyr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000034765Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zOhMnDbUaKgLP" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">39.7%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.151 0.044 0.034 0.031 0.028 0.025 0.022 0.022 0.021 0.019 0.397 Semi-Annual Shareholder Report ARTLX This semi-annual shareholder report contains important information about Artisan Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zK5UIVYriew3">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_z4OjSfCaWHm6">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zjYoJUaz1GUi">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80K_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000017872Member_dU_zLtHFdqhSpROf"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90E_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zvlEvoRrSPavd">Artisan Value Fund</span> - <span id="xdx_90i_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zoijaPutfmFdm">Investor Shares</span></span></div> </td> <td id="xdx_98q_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zlFzgtJjufzIx" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$49</span></div> </td> <td id="xdx_98K_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zjQxTirYkPxBT" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.98%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Value Fund Investor Shares 49 0.0098 <div id="xdx_80c_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000017872Member_dU_zQcFCMqsokeeC"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_983_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000017872Member_zJ0LR7UwIua7" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$276,900</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98E_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000017872Member_zlZuauHocuScn" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">42</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_981_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zmfAcsnDugl9" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,076</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98O_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zIgpvgIFdkwEh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.57%</span></div> </td> </tr> </table> </div> </div> </div> 276900000 42 1076000 0.2057 <div id="xdx_80G_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000017872Member_dU_zzpPbxGyUPpBV"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--GeographicRegionAxis__srt--AmericasMember_zaZcnsLKvRiDm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 80.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--GeographicRegionAxis__srt--EuropeMember_zgSDZgfEKSnTy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.2% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molrv0o7.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--OtherCategory1Axis__currency--EUR_zLHsGrLmMOkVU" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--OtherCategory1Axis__currency--CHF_zjKXyFjYYiEvN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--OtherCategory1Axis__currency--USD_ziLBldQcslfOy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">81.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zfQiEYlFtsmjV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zDHTcPFZQLntT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zewrDCcMLREhD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__custom--EnergyMember_zJgStxASqhbHV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__custom--FinancialsMember_zQjHppZbtcgvy" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__custom--HealthCareMember_zcAPAjDYQcDcQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zzXFOOtTEpPZR" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_znzMdwfQLMnNk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zbPpKYBHoqLka" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon1563v.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.804 0.182 0.160 0.026 0.814 0.096 0.076 0.110 0.099 0.222 0.151 0.094 0.147 0.005 <p id="xdx_804_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000017872Member_dU_zomrQOWd8ju6" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SLB Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--SLBLtdMember_zMYKDgnKDtCLf" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">EOG Resources, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--EOGResourcesIncMember_zhMUDtpAwXGsD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wells Fargo &amp; Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--WellsFargoCoMember_zljbsfgSkFnim" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Philip Morris International, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--PhilipMorrisInternationalIncMember_znfkIROFTETRu" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Accenture plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--AccentureplcMember_zjXmmhqWiWlSy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Texas Instruments, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--TexasInstrumentsIncMember_zevzFDOnxPVPo" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zHiXZdHqHlvjw" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zwqziuofyTCwZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Diamondback Energy, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98I_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--DiamondbackEnergyIncMember_zIzBifMJudcEs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thermo Fisher Scientific, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98P_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--ThermoFisherScientificIncMember_zXJFOITaRGXGS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000017872Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zmAZLOPIBQjDG" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">30.5%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.035 0.032 0.031 0.030 0.029 0.029 0.028 0.028 0.028 0.305 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000017872Member_dU_zLsIzTTeGyG6" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zHi4gOLG6mTk">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zccBiizTarvi">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000017872Member_zzfrYfHvc7o1">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDLX This semi-annual shareholder report contains important information about Artisan Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zXbsAHjYZmuj">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zGk70GsVg1vc">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_907_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zr4Yoxd89aVb">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80T_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000141338Member_dU_znUiMzlNRQPil"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90n_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zqEqFQORFxpfN">Artisan Value Fund</span> - <span id="xdx_90P_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zqlOfawsBmtnV">Advisor Shares</span></span></div> </td> <td id="xdx_98M_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zcOvSfAIQasTO" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$44</span></div> </td> <td id="xdx_98w_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zVbGcTCBvAXwC" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.88%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Value Fund Advisor Shares 44 0.0088 <div id="xdx_80e_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000141338Member_dU_zCdozlZGYrmMy"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98C_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000141338Member_zm4MhNgFu7X8" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$276,900</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98C_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000141338Member_zSgxQnMwldpDA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">42</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98E_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zErgk9VDhI4l" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,076</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98k_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zwoZkMErFsrtS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.57%</span></div> </td> </tr> </table> </div> </div> </div> 276900000 42 1076000 0.2057 <div id="xdx_80o_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000141338Member_dU_ziCMGOiXGBSQg"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--GeographicRegionAxis__srt--AmericasMember_zHoRyZZHqCgIh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 80.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--GeographicRegionAxis__srt--EuropeMember_zOcAyqXjIOEif" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.2% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molrv0o7.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--OtherCategory1Axis__currency--EUR_zyAYYHyMfcBzu" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--OtherCategory1Axis__currency--CHF_zNRciIWNHQHaS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--OtherCategory1Axis__currency--USD_zeoQfcXViilqX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">81.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98f_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zOrMUUAQFRVlz" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zafRHxlSNicfV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zkCfrSENLYMJB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__custom--EnergyMember_zrsbDyHWmGJXG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__custom--FinancialsMember_zyvQSylzRNdrM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__custom--HealthCareMember_zFPFKwpWmQjDJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zOnLOsdspNJmU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_ziZwuladXqjeA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zosJzHlPyYJIE" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon1563v.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.804 0.182 0.160 0.026 0.814 0.096 0.076 0.110 0.099 0.222 0.151 0.094 0.147 0.005 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000141338Member_dU_zNbky9VY8DR1" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SLB Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--SLBLtdMember_zmffeOamFvzwH" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">EOG Resources, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--EOGResourcesIncMember_zHMJYjqfrVLCB" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wells Fargo &amp; Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--WellsFargoCoMember_zKxRoiXzrWLtk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Philip Morris International, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--PhilipMorrisInternationalIncMember_zesYeNTxoibFc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Accenture plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--AccentureplcMember_zacaIMXseEWOy" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Texas Instruments, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--TexasInstrumentsIncMember_zSttmPnidpJLt" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zmRdPllNunPti" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zgBiAqRZliDIj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Diamondback Energy, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--DiamondbackEnergyIncMember_zaqCxGZvuAmch" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thermo Fisher Scientific, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98K_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--ThermoFisherScientificIncMember_zCzLmaegaMrUk" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000141338Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zaVCGJeNyIfhi" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">30.5%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.035 0.032 0.031 0.030 0.029 0.029 0.028 0.028 0.028 0.305 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000141338Member_dU_zkpdUppizDx9" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zWXtNjEpCEwb">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zTYG3kDnK24f">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000141338Member_zxq7EygI6ae2">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHLX This semi-annual shareholder report contains important information about Artisan Value Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zglVVcDSqASa">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_z8Iq1EvCIphh">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_z7xGXH38RMN3">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80k_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000103056Member_dU_zIPLcYrovaFdV"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90a_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zCdGzqNeAvHTa">Artisan Value Fund</span> - <span id="xdx_90D_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zBqFocbzxaKUi">Institutional Shares</span></span></div> </td> <td id="xdx_98z_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zaDAdNPKKCDBS" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$42</span></div> </td> <td id="xdx_98M_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zbXcZnGJdSaCe" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.83%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Value Fund Institutional Shares 42 0.0083 <div id="xdx_80c_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000103056Member_dU_zDkBocJqESbrB"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_985_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000103056Member_zi6B3H5ml799" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$276,900</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98H_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000103056Member_zEJRMvioqWioj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">42</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_988_eoef--AdvisoryFeesPaidAmt_pn3n3_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zvNVa9VLc80j" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,076</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98t_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zfpCtynJbOLUK" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20.57%</span></div> </td> </tr> </table> </div> </div> </div> 276900000 42 1076000 0.2057 <div id="xdx_80X_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000103056Member_dU_zjWnEBUJJopXn"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--GeographicRegionAxis__srt--AmericasMember_zcGoFGDLwcqLJ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 80.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--GeographicRegionAxis__srt--EuropeMember_zJGeHRzotgcLs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 18.2% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1molrv0o7.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--OtherCategory1Axis__currency--EUR_zrkCFHFTdLXxZ" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.0%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98o_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--OtherCategory1Axis__currency--CHF_zOpmnCWVlRypA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--OtherCategory1Axis__currency--USD_zDisnMyHDKZaJ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">81.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zXFymLEMheMMK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zKLySEstWYsvs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.6% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zTUcmlAaBodZG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 11.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98t_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__custom--EnergyMember_zeiLRlPSqfMOW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.9% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__custom--FinancialsMember_zwZRSOuANEkef" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 22.2% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__custom--HealthCareMember_zDRXLDvwkJvch" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 15.1% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98d_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zItGGfhZDpjeU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zfIMuHJDKtvuB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zghTHbQwFZeXc" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 0.5% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon1563v.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.804 0.182 0.160 0.026 0.814 0.096 0.076 0.110 0.099 0.222 0.151 0.094 0.147 0.005 <p id="xdx_807_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000103056Member_dU_zIDpkbX58zW1" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SLB Ltd.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--SLBLtdMember_zyrfxGopWjSMy" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">EOG Resources, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--EOGResourcesIncMember_zLGZCorNtCdui" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wells Fargo &amp; Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--WellsFargoCoMember_zwcNYMYotfUKe" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Philip Morris International, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--PhilipMorrisInternationalIncMember_zaOdYiNZKMqXq" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Accenture plc</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98w_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--AccentureplcMember_zjcqAzOtuPKam" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Texas Instruments, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--TexasInstrumentsIncMember_ztqofIafaQzHg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zhVLDzhCFeLAI" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zwZEzQItPblbD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Diamondback Energy, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--DiamondbackEnergyIncMember_zzySGHQRJtEFm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thermo Fisher Scientific, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--ThermoFisherScientificIncMember_zJKoAVKMegIhP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000103056Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zhryfUEdVXGHu" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">30.5%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.035 0.035 0.032 0.031 0.030 0.029 0.029 0.028 0.028 0.028 0.305 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000103056Member_dU_zKdXNsdvKPL2" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zigCdLbae6Le">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zIYaWNVGWc08">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000103056Member_zBbsGGTXDd27">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APFWX This semi-annual shareholder report contains important information about Artisan Value Income Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zvwRKIa5MjY1">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zlm4CFfDGB52">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zqw28ejSLLP">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80h_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000234513Member_dU_zRInIwRVBxeaY"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90r_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_ztPYFfjAchCIX">Artisan Value Income Fund</span> - <span id="xdx_90J_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zNSOxxylXdaxX">Investor Shares</span></span></div> </td> <td id="xdx_98C_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zgdnxkqwcPBKK" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$61</span></div> </td> <td id="xdx_98J_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zXeAbVBKedvJf" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.20%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Value Income Fund Investor Shares 61 0.0120 <div id="xdx_80e_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000234513Member_dU_zZYQXTiyEQKHz"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98E_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000234513Member_zKiZjVljdphc" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$8,298</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98c_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000234513Member_zytlpYRepVkqD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">70</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_988_eoef--AdvisoryFeesPaidAmt_pn3n3_d0_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zcfkAUZfnvh8" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$–</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98o_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zGTLNgsTYaVIs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.40%</span></div> </td> </tr> </table> </div> </div> </div> 8298000 70 0 0.1940 <div id="xdx_80e_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000234513Member_dU_zrrbsDahtNLQS"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--GeographicRegionAxis__srt--AmericasMember_zkakuSAEPlPvv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 87.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--GeographicRegionAxis__srt--EuropeMember_zfRrPFWJDvrLP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.3% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1mokhsqbg.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--OtherCategory1Axis__currency--EUR_zOGIVEtjuSeAT" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.8%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--OtherCategory1Axis__currency--CHF_zOOlCdTuOuopx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--OtherCategory1Axis__currency--USD_zXHsMpFAlGRdY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">91.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98S_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zdRoVZWlLDhnQ" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zesVOJRagxrVN" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98h_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zTZZEmfKTIPKH" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__custom--EnergyMember_zaevbcPmovZWd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__custom--FinancialsMember_zVrTpotxdrZOw" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__custom--HealthCareMember_zJfTAJStshqKt" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zCJQveMUQUwuC" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98c_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zKAoIXNLaKMgV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zmhfXsENZJPZh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zXHcNTSHJztCh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zzhAUxOLKoUAu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zfPRLzrvmxNOV" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon3di8w.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.877 0.083 0.068 0.018 0.914 0.058 0.048 0.144 0.090 0.210 0.050 0.094 0.075 0.020 0.078 0.123 0.010 <p id="xdx_80E_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000234513Member_dU_zJTtPcFSyFz9" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lamar Advertising Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--LamarAdvertisingCoMember_zynrLOMMLyrYW" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Philip Morris International, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--PhilipMorrisInternationalIncMember_zmYPhIUzVIapS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">EOG Resources, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--EOGResourcesIncMember_zRdcIEkFgPxea" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">PPL Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98n_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--PPLCorpMember_zfREwXXfbJpLS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">OGE Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98L_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--OGEEnergyCorpMember_zJFFxeCKmfcwZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Heineken Holding NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--HeinekenHoldingNVMember_zrcFbOnEVfouW" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">WaFd, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--WaFdIncMember_zmNBzEaEfOUFd" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wells Fargo &amp; Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--WellsFargoCoMember_zhmscjdSSDSTj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Permian Resources Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--PermianResourcesCorpMember_zMXtsDoeMiKYr" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Evergy, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--EvergyIncMember_zVHFpawLuaIBA" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234513Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_ztCRSQJwxErqD" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">23.9%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.029 0.029 0.028 0.025 0.024 0.021 0.021 0.021 0.021 0.020 0.239 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000234513Member_dU_z8S9vBHdjfse" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zksoq9ieiAkf">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zsMXUuArlzfj">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000234513Member_zErWdPhlcKbk">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APDWX This semi-annual shareholder report contains important information about Artisan Value Income Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_z5lQ9NQJP8O3">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zvAdkA5qGeXf">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zTPMQUcOzz6k">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80R_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000234511Member_dU_zkMtCstguyMuL"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90H_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zZcPPBCVnDdwk">Artisan Value Income Fund</span> - <span id="xdx_90C_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zwKqZomNTpfYX">Advisor Shares</span></span></div> </td> <td id="xdx_98I_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zhrlAgKWRIHYF" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$56</span></div> </td> <td id="xdx_98J_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zymhZNOCRbfDD" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.10%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Value Income Fund Advisor Shares 56 0.0110 <div id="xdx_80i_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000234511Member_dU_zjQMpEVfJQPig"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_98A_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000234511Member_zjjJcshyCaKg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$8,298</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98l_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000234511Member_zADgmoCuBePgN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">70</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98E_eoef--AdvisoryFeesPaidAmt_pn3n3_d0_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zZmk3CrU6GY7" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$–</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98y_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zzPjeQPslravV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.40%</span></div> </td> </tr> </table> </div> </div> </div> 8298000 70 0 0.1940 <div id="xdx_80I_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000234511Member_dU_zDGlgnoQPptuU"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--GeographicRegionAxis__srt--AmericasMember_ztXYeEPusljeT" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 87.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--GeographicRegionAxis__srt--EuropeMember_zfBeNNungSYxu" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.3% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1mokhsqbg.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--OtherCategory1Axis__currency--EUR_zqMMcOTdfZRLa" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.8%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--OtherCategory1Axis__currency--CHF_zGSFOoxBtJJSE" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98v_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--OtherCategory1Axis__currency--USD_znyXWhRvNunUY" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">91.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zvXcIYpwGsYnY" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zbSHmYPWTCZKK" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zeDksVDAHxKum" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__custom--EnergyMember_zObqxPDJbAzLm" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__custom--FinancialsMember_zuQbbXFFziTyb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__custom--HealthCareMember_zXQkiBWgGcEYd" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zhZAozfZCljja" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zSXMLBPLBmZPD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zTeFGlrAqbyKG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zddvxcUXyuGfx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_znkISeCeZNNLP" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98H_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zKvvmeNmdzklA" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon3di8w.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.877 0.083 0.068 0.018 0.914 0.058 0.048 0.144 0.090 0.210 0.050 0.094 0.075 0.020 0.078 0.123 0.010 <p id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000234511Member_dU_zLwR6Hi6fMna" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lamar Advertising Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98F_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--LamarAdvertisingCoMember_zDXZumJiAKhVQ" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Philip Morris International, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98D_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--PhilipMorrisInternationalIncMember_zyHoRFAdKHDBG" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">EOG Resources, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98k_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--EOGResourcesIncMember_zHEjYkFnvwqRx" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">PPL Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98x_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--PPLCorpMember_zCYlzvyPiUibN" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">OGE Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--OGEEnergyCorpMember_zCvuhmvdWJykL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Heineken Holding NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98z_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--HeinekenHoldingNVMember_zwwZUoTPvxZhX" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">WaFd, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98V_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--WaFdIncMember_zxOrpqWTEZxmD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wells Fargo &amp; Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--WellsFargoCoMember_zTlDYTRDKywzD" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Permian Resources Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98p_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--PermianResourcesCorpMember_zlpeGyGQQpWTZ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Evergy, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--EvergyIncMember_zqoXCPunGCMYS" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98j_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234511Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zybdOEeooRXAz" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">23.9%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.029 0.029 0.028 0.025 0.024 0.021 0.021 0.021 0.021 0.020 0.239 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000234511Member_dU_z7yusV9jhnkb" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_z5xU4EIcmCC9">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_zvhizS1Vty73">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000234511Member_z1guowVlXiLb">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770 Semi-Annual Shareholder Report APHWX This semi-annual shareholder report contains important information about Artisan Value Income Fund for the period of October 1, 2025 to March 31, 2026. You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zdZw8fFh2Ym2">www.artisanpartners.com/prospectus</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zP8mUmYzxxFf">800.344.1770</span>. <span style="box-sizing: border-box; font-family: Myriad Pro-Bold Italic, Arial; font-weight: bold; font-style: italic"><span id="xdx_909_eoef--MaterialFundChngNoticeTextBlock_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zaDMO1ewKrSa">This report describes changes to the Fund that occurred during the reporting period.</span></span> www.artisanpartners.com/prospectus 800.344.1770 This report describes changes to the Fund that occurred during the reporting period. <div id="xdx_80R_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000234512Member_dU_zUYSNQgPfSUGC"></div> <p style="font: 400 12pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">(based on a hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90c_eoef--FundName_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_znAeloWdkoGCA">Artisan Value Income Fund</span> - <span id="xdx_90y_eoef--ClassName_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zGNjJtWEEuIYe">Institutional Shares</span></span></div> </td> <td id="xdx_98U_eoef--ExpensesPaidAmt_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zlcBbDRsPJTfE" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$54</span></div> </td> <td id="xdx_98e_eoef--ExpenseRatioPct_dp_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zRmkfbYRKOKqD" style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.05%</span></div> </td> </tr> </table> </div> </div> </div> <p style="font: 9pt/1pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Artisan Value Income Fund Institutional Shares 54 0.0105 <div id="xdx_80v_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000234512Member_dU_zFXXudCxTYwlk"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 6pt 0 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0; text-align: center">Key Fund Statistics</p> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: center">Dollar values in thousands</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Net Assets</span></div> </td> <td id="xdx_982_eus-gaap--AssetsNet_iI_pn3n3_c20260331__oef--ClassAxis__custom--C000234512Member_zr3qnWygjLZh" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$8,298</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div> </td> <td id="xdx_98S_eoef--HoldingsCount_iI_uHoldings_c20260331__oef--ClassAxis__custom--C000234512Member_zGWCfQntqEfsi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">70</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Investment Advisory Fees</span></div> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(net of waivers and reimbursements)</span></div> </td> <td id="xdx_98D_eoef--AdvisoryFeesPaidAmt_pn3n3_d0_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zX7rsIg3e9tg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$–</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover Rate</span></div> </td> <td id="xdx_98y_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_ztFfMHEhYQxWm" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.40%</span></div> </td> </tr> </table> </div> </div> </div> 8298000 70 0 0.1940 <div id="xdx_80t_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000234512Member_dU_zYYhqUHjTOQmP"></div> <p style="font: 400 13pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #015643; text-indent: 0"><span style="box-sizing: border-box; color: #000">Graphical Representation of Holdings</span></p> <div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt; width: 100%; box-sizing: border-box"><div style="grid-column: 1 / 4; grid-row: 1 / 2; box-sizing: border-box"><div style="display: grid; grid-template-columns: 248pt 60.5pt 254pt; grid-template-rows: 160pt 160pt; width: 100%; box-sizing: border-box"><div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 248pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">REGION ALLOCATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Net Assets)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Region</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Americas</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--GeographicRegionAxis__srt--AmericasMember_zbKKonrkahdGS" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 87.7% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Europe</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--GeographicRegionAxis__srt--EuropeMember_zQpPAzPqgVKhM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 8.3% </div> </td> </tr> </table> </div> </div><img alt="doughnut" src="qes13mgva1mokhsqbg.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> <p style="font: 9pt/normal Myriad Pro-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <div style="border-left: #000 0.75pt solid; margin: 10pt 0 0; padding: 0 0 0 10pt; grid-column: 2 / 4; grid-row: 1 / 2; box-sizing: border-box; text-align-last: auto; width: 314.5pt; height: 155pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TRADING CURRENCIES</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Currency</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Investments</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Euro</span></div> </td> <td id="xdx_98X_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--OtherCategory1Axis__currency--EUR_zcitlfvWVdmSi" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.8%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Swiss franc</span></div> </td> <td id="xdx_98m_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--OtherCategory1Axis__currency--CHF_znCJVTQpuqltj" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">U.S. dollar</span></div> </td> <td id="xdx_98W_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--OtherCategory1Axis__currency--USD_zknLrzqTdEozi" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">91.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total investments</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">100.0%</span></div> </td> </tr> </table> </div> </div> </div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; line-height: normal; color: #000"> </p> </div> </div> </div> <div style="margin: 7.5pt 0 0; padding: 0 10pt 0 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: 155pt; width: 248pt"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">PORTFOLIO DIVERSIFICATION</p> <p style="font: 9pt/8pt Myriad Pro-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 11.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 8pt">(As a percentage of Total Investments)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Portfolio Diversification</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div> </td> <td id="xdx_98J_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zJiVptPGvVBko" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div> </td> <td id="xdx_98B_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zjMUjTzcIHqLv" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 4.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div> </td> <td id="xdx_98i_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zQrOTMEwMiAAM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 14.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div> </td> <td id="xdx_98R_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__custom--EnergyMember_zUVEnQohoiBLj" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div> </td> <td id="xdx_98q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__custom--FinancialsMember_zZtDapFWcfnyB" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 21.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td id="xdx_98O_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__custom--HealthCareMember_zWUbFZCeWRErU" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 5.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div> </td> <td id="xdx_98b_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zBVTaZmtnufKx" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 9.4% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div> </td> <td id="xdx_98N_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zXDGAGtYBlgot" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.5% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td id="xdx_98Y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zMksBRKxaDQSk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 2.0% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td id="xdx_98e_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zxsgQpmuyYXwG" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 7.8% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td id="xdx_98y_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zyvLmudRKHYqs" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 12.3% </div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investment</div> </td> <td id="xdx_98G_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--IndustrySectorAxis__us-gaap--ShortTermInvestmentsMember_zZOYhCnZHwifW" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto"> 1.0% </div> </td> </tr> </table> </div> </div><img alt="bar" src="qes13mgva1mon3di8w.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> </div> </div> </div></div></div> 0.877 0.083 0.068 0.018 0.914 0.058 0.048 0.144 0.090 0.210 0.050 0.094 0.075 0.020 0.078 0.123 0.010 <p id="xdx_800_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000234512Member_dU_zrlBcEPggqx8" style="font: 400 11pt/normal Myriad Pro-Regular,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">TOP TEN HOLDINGS</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Company Name</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box; width: 80px"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; padding-right: 7pt">Country</span></div> </th> <th style="border-bottom: #015643 1.4pt solid; box-sizing: border-box"> <div style="font: 400 8pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Percentage of Total Net Assets</span></div> </th> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lamar Advertising Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98u_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--LamarAdvertisingCoMember_zSfPVeEvJRHoj" style="padding: 0; box-sizing: border-box; height: 4pt"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9%</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Philip Morris International, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98A_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--PhilipMorrisInternationalIncMember_zvBuELeWdUyVg" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">EOG Resources, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98a_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--EOGResourcesIncMember_zoUmhyBOFgRfL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">PPL Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98l_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--PPLCorpMember_ztAxokYVwFOrs" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">OGE Energy Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--OGEEnergyCorpMember_zlNBzvBTodjjz" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Heineken Holding NV</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div> </td> <td id="xdx_98C_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--HeinekenHoldingNVMember_zUaBcEngWihwF" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">WaFd, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98Q_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--WaFdIncMember_ziTKPCeGIFiXQ" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Wells Fargo &amp; Co.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98g_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--WellsFargoCoMember_znocntGZpOAjP" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Permian Resources Corp.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98T_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--PermianResourcesCorpMember_zSiPHJAPJSuCL" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Evergy, Inc.</span></div> </td> <td style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div> </td> <td id="xdx_98U_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--EvergyIncMember_zTgMdvLhNAVJV" style="box-sizing: border-box; height: 4pt; padding-top: 0; padding-right: 7pt; padding-bottom: 0"> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div> </td> </tr> <tr style="box-sizing: border-box; height: auto"> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total</span></div> </td> <td style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div> </td> <td id="xdx_98s_eoef--PctOfNav_dp_c20260331__oef--ClassAxis__custom--C000234512Member__oef--LargestHoldingAxis__custom--TopTenInvestmentsMember_zrLiNmsLavAga" style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; padding: 0; box-sizing: border-box; color: #4f4f4f; text-indent: 0; border-top-style: solid; border-top-width: 1px"> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">23.9%</span></div> </td> </tr> </table> </div> </div> </div> <div style="font: 8.5pt Myriad Pro-Regular,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div> </div> 0.029 0.029 0.028 0.025 0.024 0.021 0.021 0.021 0.021 0.020 0.239 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000234512Member_dU_z9ikId12BPwj" style="font: 400 10pt/normal Myriad Pro-Regular,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 16px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Fund Changes</p> <div style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: 8.5pt Myriad Pro-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 144px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: left">This is a summary of certain changes to the Fund since September 30, 2025. Effective <span id="xdx_901_eoef--MaterialChngDate_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zhXWTVY8gIq6">June 30, 2026</span>, Dan Kane will step down as portfolio manager of the Fund. He will remain an active member of the team in an advisory capacity as a managing director until his anticipated retirement in mid-2027. For more information, you may review the Fund's current prospectus, which is available at <span id="xdx_90E_eoef--UpdProspectusWebAddress_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zJKJo6DLgT97">www.artisanpartners.com/prospectus</span> or upon request by calling <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20251001__20260331__oef--ClassAxis__custom--C000234512Member_zmNutAQ0uJT2">800.344.1770</span>.</p> </div> 2026-06-30 www.artisanpartners.com/prospectus 800.344.1770