As
of
June
30,
2026,
Artisan
Partners
Funds,
Inc.
(“Artisan
Partners
Funds”)
is
a
series
company
comprised
of
twenty-one
series
and
follows
specialized
accounting
and
reporting
under
Financial
Accounting
Standards
Board
("FASB")
Accounting
Standards
Codification
Topic
946,
Financial
Services
–
Investment
Companies.
(1)
Investments
in
Subsidiaries:
Emerging
Markets
Debt
Opportunities
Fund
and
Global
Unconstrained
Fund
may
make
investments
in
securities,
derivatives
and
other
instruments,
directly
or
through
investments
in
Artisan
Emerging
Markets
Debt
Opportunities
Subsidiary
Ltd.
and
Artisan
Global
Unconstrained
Subsidiary
Ltd.,
respectively,
each
a
wholly
owned
subsidiary
of
the
respective
Fund
organized
under
the
laws
of
the
Cayman
Islands
(each
referred
to
herein
as
the
“Subsidiary”
or
collectively
the
“Subsidiaries”).
The
Consolidated
Schedules
of
Investments
include
the
holdings
of
each
Fund
and
its
Subsidiary.
All
intercompany
transactions
and
balances
have
been
eliminated.
As
of
June
30,
2026,
Artisan
Emerging
Markets
Debt
Opportunities
Subsidiary
Ltd.
had
$8,387,730
in
net
assets,
representing
4.57%
of
Emerging
Markets
Debt
Opportunities
Fund’s
net
assets
and
Artisan
Global
Unconstrained
Subsidiary
Ltd.
had
$75,713,106
in
net
assets,
representing
5.67%
of
Global
Unconstrained
Fund’s
net
assets.
(2)
Valuation:
The
net
asset
value
(“NAV”)
of
the
shares
of
each
class
of
each
Fund
is
determined
as
of
the
close
of
regular
session
trading
on
the
New
York
Stock
Exchange
(“NYSE”)
(usually
4:00
p.m.,
Eastern
Time)
each
day
the
NYSE
is
open
for
regular
session
trading.
For
financial
reporting
purposes,
information
available
subsequent
to
the
close
of
NYSE
trading
and
up
to
the
date
of
issuance
of
the Schedules
of
Investments is
considered
in
determining
a
fair
value
for
investments
held
in
each
Fund
and
the
resulting
NAV
presented.
In
determining
each
Fund’s
NAV
for
financial
reporting
purposes,
each
equity
security,
closed
end
fund and
exchange
traded
fund
(“ETF”)
held
by
the
Fund
traded
on
a
securities
exchange,
or
over-the-counter
is
valued
at
the
closing
price
on
the
exchange
or
market
designated
by
the
Funds’
accounting
agent
or
pricing
vendor
as
the
principal
exchange
(each,
a
“principal
exchange”).
The
closing
price
provided
by
the
pricing
vendor
for
an
exchange
may
differ
from
the
price
quoted
elsewhere
and
may
represent
information
such
as
last
sales
price,
an
official
closing
price,
a
closing
auction
price
or
other
information,
depending
on
exchange
or
market
convention.
Absent
closing
price
information
for
an
equity
security
from
the
principal
exchange,
the
security
is
valued
using
(i)
the
closing
price
on
another
exchange
on
which
the
security
traded
(if
such
price
is
made
available
by
a
pricing
vendor)
or
(ii)
the
most
recent
bid
quotation
on
the
principal
exchange
or,
if
such
bid
is
not
available,
from
a
secondary
exchange
or
in
the
over-the-counter
market.
Securities
trading
primarily
outside
the
US
may
have
fair
value
factors
applied
where
the
applicable
trading
market
is
closed
or
as
a
result
of
significant
market
movements
following
the
close
of
local
trading.
Equity-linked
securities,
such
as
participation
certificates, participation
notes
or
access
notes,
are
valued
by
referencing
the
underlying
security
if
market
quotations
are
not
readily
available.
Repurchase
agreements
and
reverse
repurchase
agreements
are
valued
at
cost.
Exchange
traded
option
contracts
are
valued
at
the
mid
price
(average
of
the
bid
price
and
ask
price)
as
provided
by
the
pricing
vendor
at
the
close
of
trading
on
the
contract’s
principal
exchange.
Exchange
traded
futures
contracts
are
valued
at
the
settlement
price
as
provided
by
the
pricing
vendor
at
the
close
of
trading
on
the
principal
exchange.
Derivatives
(including
centrally
cleared
swaps,
total
return
swaps,
over-the-
counter
options
on
total
return
swaps,
and
certain
other
derivatives)
are
valued
using
prices
provided
by
the
Funds’
pricing
vendors.
Prices
obtained
from
independent
pricing
services
may
use
various
observable
and
unobservable
inputs,
including,
but
not
limited
to,
information
provided
by
broker-dealers,
pricing
formulas,
estimates
of
market
values
obtained
from
data
relating
to
investments
or
securities
with
similar
characteristics
and/or
discounted
cash
flow
or
spread
curve
models
that
might
be
applicable.
Shares
of
open-end
investment
companies
(excluding
exchange
traded
funds)
are
valued
at
the
latest
net
asset
value
reported
by
the
investment
company.
Fixed
income
securities,
including
loan
participation
notes,
are
fair
valued
using
prices
from
the
Funds’
pricing
vendors.
Such
prices
are
generally
evaluations
based
on
the
judgment
of
the
Funds’
pricing
vendors,
which
may
consider,
among
other
factors,
the
prices
at
which
securities
actually
trade,
broker-dealer
quotations,
pricing
formulas,
estimates
of
market
values
obtained
from
yield
data
relating
to
investments
or
securities
with
similar
characteristics
and/or
discounted
cash
flow
models
that
might
be
applicable.
Rule
2a-5
under
the
1940
Act
(“Rule
2a-5”)
established
requirements
for
determining
fair
value
in
good
faith
for
purposes
of
the
1940
Act.
Rule
2a-5
permits
fund
boards
to
designate
certain
parties
to
perform
fair
value
determinations,
subject
to
board
oversight
and
certain
other
conditions.
Rule
2a-5
also
defines
when
market
quotations
are
“readily
available”
for
purposes
of
Section
2(a)(41)
of
the
1940
Act,
which
requires
a
fund
to
fair
value
a
security
when
market
quotations
are
not