Artisan International Fund Inv Shs (ARTIX) NPORT-P Artisan International Small-Mid Fund (Dec 2021 report)

Artisan Developing World Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 98.4%
Argentina - 5.9%
MercadoLibre, Inc. *		330	$	444,596
China - 29.7%
Aier Eye Hospital Group Co. Ltd., Class A		26,180		173,673
Alibaba Group Holding Ltd., ADR *		757		89,951
Bilibili, Inc., ADR *		5,768		267,646
China Tourism Group Duty Free Corp. Ltd., Class A		2,401		82,653
JD Health International, Inc. *		10,838		85,414
Kweichow Moutai Co. Ltd., Class A		730		234,679
Meituan, Class B *		12,315		355,993
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		2,953		176,464
Tencent Holdings Ltd.		6,342		371,524
Wuxi Biologics Cayman, Inc. *		26,382		313,133
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		1,126		77,240
				2,228,370
France - 3.5%
Hermes International		49		86,475
LVMH Moet Hennessy Louis Vuitton SE		210		173,766
				260,241
India - 3.3%
HDFC Bank Ltd., ADR		3,848		250,415
Netherlands - 7.8%
Adyen NV *		128		335,908
ASML Holding NV, NYRS		308		245,439
				581,347
Russia - 1.1%
Yandex NV, Class A *		1,402		84,809
Taiwan - 6.4%
Sea Ltd., ADR *		2,136		477,907
United Kingdom - 1.1%
Farfetch Ltd., Class A *		2,499		83,550
United States - 39.6%
Airbnb, Inc., Class A *		2,654		441,793
Crowdstrike Holdings, Inc., Class A *		1,661		340,151
Estee Lauder Cos., Inc. (The), Class A		470		174,010
Netflix, Inc. *		397		239,259
NVIDIA Corp.		1,150		338,229
Snap, Inc., Class A *		5,486		258,027
Uber Technologies, Inc. *		2,446		102,565
Unity Software, Inc. *		1,817		259,823
Veeva Systems, Inc., Class A *		1,275		325,685
Visa, Inc., Class A		2,272		492,388
				2,971,930
Total common stocks (Cost $4,975,851)				7,383,165
SHORT-TERM INVESTMENT - 0.1%
INVESTMENT COMPANY - 0.1%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $9,044)		9,044		9,044
Total investments - 98.5% (Cost $4,984,895)				7,392,209
Other assets less liabilities - 1.5%				114,664
Total net assets - 100.0% (1)			$	7,506,873

Artisan Developing World Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

^*  Non-income producing security.

⁽¹⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ADR	American Depositary Receipt
NYRS	New York Registry Shares

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	1,699,172		23.0	%
Consumer Discretionary		1,844,191		24.9
Consumer Staples		408,689		5.6
Financials		250,415		3.4
Health Care		1,066,195		14.4
Industrials		102,565		1.4
Information Technology		2,011,938		27.2
Short-Term Investments		9,044		0.1
Total investments	$	7,392,209		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Chinese yuan renminbi offshore	$	744,709		10.1	%
Euro		596,149		8.1
Hong Kong dollar		1,126,064		15.2
U.S. dollar		4,925,287		66.6
Total investments	$	7,392,209		100.0	%

See notes to N-PORT Part F.

Artisan Floating Rate Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

	Principal Amount		Value
BANK LOANS - 86.0%
Advertising - 0.6%
Terrier Media Buyer, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 3.60%, 12/17/2026 (1)	$	120	$	119
Aerospace/Defense - 3.3%
Jazz Acquisition, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.25%), 4.35%, 6/19/2026 (1)		219		216
TransDigm, Inc. First Lien Term Loan G (ICE LIBOR USD 1 Month + 2.25%), 2.35%, 8/22/2024 (1)		434		429
				645
Apparel - 1.2%
Birkenstock US BidCo, Inc. First Lien Term Loan B (ICE LIBOR USD 6 Month + 3.25%), 3.75%, 4/28/2028 (1)(2)		234		234
Auto Parts & Equipment - 1.7%
Wheel Pros, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.50%), 5.25%, 5/11/2028 (1)		334		333
Building Materials - 5.7%
ACProducts Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 4.75%, 5/17/2028 (1)		120		118
CP Atlas Buyer, Inc. First Lien Term Loan B1 (ICE LIBOR USD 3 Month + 3.75%), 4.25%, 11/23/2027 (1)		239		238
Icebox Holdco III, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.25%, 12/22/2028 (1)		336		336
Icebox Holdco III, Inc. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.25%, 12/21/2029 (1)		156		156
PHRG Intermediate, LLC First Lien Term Loan (ICE LIBOR USD 3 Month + 6.00%), 6.75%, 12/9/2026 (1)		250		246
				1,094
Chemicals - 1.5%
CPC Acquisition Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 12/29/2027 (1)		60		59
Diamond BC BV First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 3.50%, 9/29/2028 (1)		120		119
Geon Performance Solutions LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.75%), 5.50%, 8/18/2028 (1)		60		60
WR Grace Holdings LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.25%, 9/22/2028 (1)		60		60
				298
Commercial Services - 8.7%
Ankura Consulting Group LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.50%), 5.25%, 3/17/2028 (1)		60		60
Digital Room Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 5.25%), 5.75%, 12/15/2028 (1)		155		154
Employbridge Holding Co. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.75%), 5.50%, 7/19/2028 (1)		335		332
Midas Intermediate Holdco II LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 12/22/2025 (1)		61		57
National Intergovernmental Purchasing Alliance Co. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 3.72%, 5/23/2025 (1)		190		189
National Intergovernmental Purchasing Alliance Co. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.50%), 7.72%, 5/22/2026 (1)		315		313
PECF USS Intermediate Holding III Corporation First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 4.75%, 12/15/2028 (1)		175		175
Spin Holdco, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 3/4/2028 (1)		175		175
VT Topco, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 8/1/2025 (1)		233		233
				1,688

Artisan Floating Rate Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Diversified Financial Services - 2.3%
Advisor Group Holdings, Inc. First Lien Term Loan B1 (ICE LIBOR USD 1 Month + 4.50%), 4.60%, 7/31/2026 (1)	120	120
Edelman Financial Engines Center LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 4.25%, 4/7/2028 (1)	334	334
		454
Engineering & Construction - 1.4%
KKR Apple Bidco LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 3.00%), 3.50%, 9/22/2028 (1)	275	274
Entertainment - 1.2%
J&J Ventures Gaming LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.00%), 4.75%, 4/26/2028 (1)	175	175
Lucky Bucks LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 5.50%), 6.25%, 7/30/2027 (1)	60	59
		234
Food - 0.9%
Shearer’s Foods LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 4.25%, 9/23/2027 (1)	120	119
Sovos Brands Intermediate, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 6/8/2028 (1)	60	60
		179
Food Service - 1.2%
TKC Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 6.50%, 5/15/2028 (1)	234	234
Hand/Machine Tools - 3.6%
Madison Safety & Flow LLC First Lien Term Loan (SOFR + 3.75%), 4.25%, 12/14/2028 (1)	235	235
Madison Safety & Flow LLC Second Lien Term Loan (SOFR + 6.76%), 7.25%, 12/14/2029 (1)	465	465
		700
Healthcare-Products - 2.2%
Mozart Borrower LP First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.75%, 10/23/2028 (1)	425	425
Healthcare-Services - 3.0%
Cambrex Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 4.25%, 12/4/2026 (1)	60	60
ICON Luxembourg S.A.R.L. First Lien Term Loan B (ICE LIBOR USD 3 Month + 2.25%), 2.75%, 7/3/2028 (1)(2)	193	193
Mamba Purchaser, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 4.25%, 9/29/2028 (1)	60	60
Radnet Management, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 3.75%, 4/23/2028 (1)	60	60
Surgery Center Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 8/31/2026 (1)	204	204
		577
Household Products/Wares - 0.3%
VC GB Holdings I Corp. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 4.00%, 7/21/2028 (1)	60	59
Insurance - 12.5%
Acrisure LLC, First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 4.75%, 2/15/2027 (1)	235	235
Alliant Holdings Intermediate LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.35%, 5/9/2025 (1)	419	414
AssuredPartners, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 3.60%, 2/12/2027 (1)	404	400
BroadStreet Partners, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 3.10%, 1/27/2027 (1)	319	315

Artisan Floating Rate Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Hub International Ltd. First Lien Term Loan B (ICE LIBOR USD 3 Month + 2.75%), 2.87%, 4/25/2025 (1)	434	429
IMA Financial Group, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.25%, 11/1/2028 (1)	275	274
USI, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 3.22%, 5/16/2024 (1)	339	336
		2,403
Internet - 1.6%
Arches Buyer, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 3.75%, 12/6/2027 (1)	304	302
Investment Companies - 2.5%
Nexus Buyer LLC Second Lien Term Loan (ICE LIBOR USD 1 Month + 6.25%), 6.75%, 11/5/2029 (1)	485	484
Leisure Time - 2.7%
Carnival Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 4.00%, 10/18/2028 (1)	410	406
MajorDrive Holdings IV LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.50%, 6/1/2028 (1)	120	120
		526
Lodging - 0.3%
Jack Ohio Finance LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.75%), 5.50%, 10/4/2028 (1)	60	60
Machinery-Diversified - 0.3%
STS Operating, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 5.25%, 12/11/2024 (1)	60	60
Municipal - 1.5%
Lakeshore Intermediate LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.00%, 9/29/2028 (1)	280	279
Pharmaceuticals - 1.6%
PRA Health Sciences, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 2.25%), 2.75%, 7/3/2028 (1)	48	48
Sharp Midco LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.00%), 4.50%, 12/14/2028 (1)	245	244
		292
Retail - 3.3%
Fogo De Chao, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 4.25%), 5.25%, 4/7/2025 (1)	160	157
Portillo’s Holdings LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 5.50%), 6.50%, 9/6/2024 (1)	120	120
Rough Country LLC First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 4.25%, 7/28/2028 (1)	41	41
SRS Distribution, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.25%, 6/2/2028 (1)	335	334
		652
Software - 17.1%
Applied Systems, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 3.50%, 9/19/2024 (1)	235	235
Applied Systems, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 6.25%, 9/19/2025 (1)	120	121
CommerceHub, Inc. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 7.00%), 7.75%, 12/29/2028 (1)	60	58
Epicor Software Corp. First Lien Term Loan C (ICE LIBOR USD 1 Month + 3.25%), 4.00%, 7/30/2027 (1)	334	334
Finastra USA, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.50%, 6/13/2024 (1)	205	204
Ivanti Software, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.75%), 5.75%, 12/1/2027 (1)	295	295

Artisan Floating Rate Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Loyalty Ventures, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.50%), 5.00%, 11/3/2027 (1)		405		402
RealPage, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.75%, 4/24/2028 (1)		434		432
Renaissance Holdings Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 3.35%, 5/30/2025 (1)		234		232
Renaissance Holdings Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.00%), 7.09%, 5/29/2026 (1)		120		120
UKG, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.25%), 3.75%, 5/4/2026 (1)		285		283
UKG, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 5.25%), 5.75%, 5/3/2027 (1)		285		286
Virgin Pulse, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 4/6/2028 (1)		304		300
				3,302
Telecommunications - 2.7%
Delta Topco, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 12/1/2027 (1)		205		205
Delta Topco, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.25%), 8.00%, 12/1/2028 (1)		75		75
Gridiron Fiber Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.50%), 5.25%, 10/4/2028 (1)		240		235
				515
Transportation - 1.1%
SIRVA Worldwide, Inc. First Lien Term Loan
(ICE LIBOR USD 3 Month + 5.50%), 5.60%, 8/4/2025 (1)		153		138
(ICE LIBOR USD 3 Month + 5.50%), 5.62%, 8/4/2025 (1)		34		31
(ICE LIBOR USD 3 Month + 5.50%), 5.67%, 8/4/2025 (1)		33		30
(ICE LIBOR USD 3 Month + 5.50%), 5.72%, 8/4/2025 (1)		3		3
				202
Total bank loans (Cost $16,665)				16,624
CORPORATE BONDS - 3.5%
Banks - 1.7%
JPMorgan Chase & Co. Series Z, (ICE LIBOR USD 3 Month + 3.80%), 3.93%, 2/1/2022 (1)(3)		340		340
Miscellaneous Manufacturing - 1.8%
General Electric Co. Series D, (ICE LIBOR USD 3 Month + 3.33%), 3.53%, 3/15/2022 (1)(3)		350		346
Total corporate bonds (Cost $685)				686
	Shares Held
SHORT-TERM INVESTMENTS - 80.8%
INVESTMENT COMPANIES - 80.8%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01%		5,310		5,310
Federated Treasury Obligations Fund - Institutional Class, 0.01%		5,153		5,153
Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 0.01%		5,153		5,153
Total short-term investments (Cost $15,616)				15,616
Total investments - 170.3% (Cost $32,966)				32,926
Other assets less liabilities - (70.3%)				(13,592	)
Total net assets - 100.0%(4)			$	19,334

Artisan Floating Rate Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

⁽¹⁾ Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of December 31, 2021.

⁽²⁾ The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Birkenstock US BidCo, Inc. First Lien Term Loan B, 3.75%, 4/28/2028	Germany	U.S. dollar
ICON Luxembourg S.A.R.L. First Lien Term Loan B, 2.75%, 7/3/2028	Luxembourg	U.S. dollar

⁽³⁾ Perpetual security. The rate reflected was the rate in effect on December 31, 2021. The maturity date reflects the next call date.

⁽⁴⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ICE	Intercontinental Exchange
LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
USD	U.S. dollar

UNFUNDED LOAN COMMITMENTS

Values in thousands

Pursuant to the terms of the following bank loan agreements, the portfolio had unfunded loan commitments of $110 or 0.6% of the total net assets as of December 31, 2021, which could be drawn at the option of the borrower:

Borrower	Unfunded Commitment Amount		Unfunded Value		Unrealized Appreciation (Depreciation)
Icebox Holdco III, Inc. First Lien Term Loan B, delayed-draw	$	69	$	69	$	—	(1)
VT Topco, Inc. First Lien Term Loan, delayed-draw		41		41		—	(1)
	$	110	$	110	$	—	(1)

⁽¹⁾ Amount rounds to less than one.

See notes to N-PORT Part F.

Artisan Focus Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 94.0%
Aerospace & Defense - 1.2%
Airbus SE *(1)		38	$	4,923
TransDigm Group, Inc. *		39		24,708
				29,631
Beverages - 2.6%
Monster Beverage Corp. *		655		62,895
Building Products - 5.5%
Johnson Controls International plc		1,678		136,421
Capital Markets - 3.0%
BlackRock, Inc.		80		73,178
Chemicals - 6.3%
Linde plc (1)		445		154,311
Commercial Services & Supplies - 2.0%
Cintas Corp.		114		50,368
Communications Equipment - 2.5%
Motorola Solutions, Inc.		223		60,538
Construction & Engineering - 0.8%
Quanta Services, Inc.		162		18,573
Construction Materials - 4.9%
Martin Marietta Materials, Inc.		186		82,109
Vulcan Materials Co.		191		39,553
				121,662
Electric Utilities - 3.2%
NextEra Energy, Inc.		840		78,452
Equity Real Estate Investment Trusts (REITs) - 4.4%
Prologis, Inc.		220		37,040
SBA Communications Corp.		182		70,625
				107,665
Hotels, Restaurants & Leisure - 3.9%
Hilton Worldwide Holdings, Inc. *		607		94,667
Industrial Conglomerates - 0.2%
Roper Technologies, Inc.		10		4,810
Insurance - 6.7%
Aon plc, Class A		353		106,198
Arthur J Gallagher & Co.		341		57,795
				163,993
IT Services - 6.6%
Accenture plc, Class A		389		161,270
Multiline Retail - 1.9%
Dollar Tree, Inc. *		339		47,694
Pharmaceuticals - 4.1%
Zoetis, Inc.		413		100,861
Professional Services - 5.5%
IHS Markit Ltd.		708		94,083
Verisk Analytics, Inc.		184		42,137
				136,220
Real Estate Management & Development - 2.9%
CBRE Group, Inc., Class A *		668		72,516
Semiconductors & Semiconductor Equipment - 5.7%
Analog Devices, Inc.		795		139,663
Software - 20.1%
Atlassian Corp. plc, Class A *		89		33,782
Intuit, Inc.		148		94,961
Microsoft Corp.		720		242,020
Palo Alto Networks, Inc. *		71		39,663
ServiceNow, Inc. *		131		85,173
				495,599
Total common stocks (Cost $1,775,561)				2,310,987
	No. of Contracts‡
OPTIONS PURCHASED - 4.3%
Call Options - 4.2%
Health Care Providers & Services - 1.9%
UnitedHealth Group, Inc. 6/17/2022 at USD 250.00; Notional Amount: USD 90,184		1,796		45,663
Personal Products - 1.3%
Estee Lauder Cos., Inc. (The) 4/14/2022 at USD 290.00; Notional Amount: USD 144,859		3,913		32,576
Semiconductors & Semiconductor Equipment - 0.6%
Advanced Micro Devices, Inc. 3/18/2022 at USD 95.00; Notional Amount: USD 45,271		3,146		15,722
Software - 0.4%
Palo Alto Networks, Inc. 1/21/2022 at USD 480.00; Notional Amount: USD 68,481		1,230		9,268
Total Call Options				103,229
Put Option - 0.1%
Semiconductors & Semiconductor Equipment - 0.1%
Analog Devices, Inc. 3/18/2022 at USD 165.00; Notional Amount: USD 113,389		6,451		3,258
Total Options Purchased (Cost $69,560)				106,487

Artisan Focus Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held
SHORT-TERM INVESTMENT - 1.7%
INVESTMENT COMPANY - 1.7%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $42,486)		42,486		42,486
Total investments - 100.0% (Cost $1,887,607)				2,459,960
Written Option Contracts – (0.7)% (Premiums received $(20,954))				(16,131	)
Other assets less liabilities - 0.7%				15,984
Total net assets - 100.0%(2)			$	2,459,813

Artisan Focus Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

^*  Non-income producing security.

^‡  One contract is equal to 100 shares.

⁽¹⁾ The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Airbus SE	France	Euro
Linde plc	United Kingdom	U.S. dollar

⁽²⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviation
USD	U.S. dollar

PORTFOLIO DIVERSIFICATION
Dollar values in thousands
	Value		Percentage of Total Investments
Consumer Discretionary	$	142,361		5.8	%
Consumer Staples		95,471		3.9
Financials		237,171		9.6
Health Care		146,524		6.0
Industrials		376,023		15.3
Information Technology		885,318		36.0
Materials		275,973		11.2
Real Estate		180,181		7.3
Utilities		78,452		3.2
Short-Term Investments		42,486		1.7
Total investments	$	2,459,960		100.0	%

TRADING CURRENCIES
Dollar values in thousands
	Value		Percentage of Total Investments
Euro	$	4,923		0.2	%
U.S. dollar		2,455,037		99.8
Total investments	$	2,459,960		100.0	%

Artisan Focus Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

FOREIGN CURRENCY FORWARD CONTRACTS

Values in thousands

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Depreciation
USD	4,681		EUR	4,134	JPM		3/24/2022	$	(34	)
Total unrealized depreciation									(34	)
Net unrealized depreciation								$	(34	)

EUR	Euro
JPM	JPMorgan Chase Bank, N.A.
USD	U.S. dollar

Written Option Contracts

Dollar values in thousands except exercise price

Call Options

Number of Contracts‡	Description	Exercise Price		Notional Amount		Expiration Date		Premiums Paid/(Received) by Fund			Market Value			Unrealized Appreciation
6,451	Analog Devices, Inc.	$	180.00	$	113,389		03/18/22	$	(7,420	)	$	(4,290	)	$	3,130
886	Atlassian Corp. plc		330.00		33,782		01/14/22		(5,123	)		(4,674	)		449
799	BlackRock, Inc.		840.00		73,153		03/18/22		(8,411	)		(7,167	)		1,244
Total written option contracts								$	(20,954	)	$	(16,131	)	$	4,823

^‡ One contract is equal to 100 shares.

See notes to N-PORT Part F.

Artisan Global Discovery Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 96.3%
Brazil - 1.4%
Magazine Luiza SA *(1)		1,353	$	1,741
Notre Dame Intermedica Participacoes SA (1)		355		3,834
				5,575
Canada - 1.4%
Altus Group Ltd.		103		5,751
China - 0.8%
Angelalign Technology, Inc. *		37		1,197
Chervon Holdings Ltd. *		284		2,109
				3,306
Denmark - 5.0%
Ascendis Pharma A/S, ADR *		81		10,925
Genmab A/S *(1)		14		5,490
Vestas Wind Systems A/S (1)		127		3,846
				20,261
Finland - 0.9%
Metso Outotec OYJ (1)		323		3,437
Germany - 6.4%
CTS Eventim AG & Co. KGaA *(1)		70		5,112
Evotec SE *(1)		69		3,324
Gerresheimer AG (1)		100		9,622
Puma SE (1)		63		7,773
				25,831
Hong Kong - 3.1%
Techtronic Industries Co. Ltd.		626		12,458
Japan - 4.8%
Allegro MicroSystems, Inc. *		101		3,653
Harmonic Drive Systems, Inc. (1)		114		4,817
Hoya Corp. (1)		19		2,847
Obic Co. Ltd. (1)		41		7,749
				19,066
Luxembourg - 1.8%
Eurofins Scientific SE		57		7,014
Netherlands - 3.5%
Argenx SE, ADR *		11		3,998
Koninklijke DSM NV		44		9,953
				13,951
Norway - 1.1%
Nordic Semiconductor ASA *(1)		126		4,203
Spain - 1.3%
Banco Bilbao Vizcaya Argentaria SA (1)		896		5,321
Switzerland - 1.2%
Lonza Group AG (1)		6		4,824
United Kingdom - 2.8%
CNH Industrial NV (1)		305		5,862
London Stock Exchange Group plc		58		5,440
				11,302
United States - 60.8%
Advanced Micro Devices, Inc. *		107		15,419
Arista Networks, Inc. *		44		6,344
Atlassian Corp. plc, Class A *		33		12,649
Azenta, Inc.		20		2,092
Bentley Systems, Inc., Class B		109		5,256
Blackline, Inc. *		52		5,406
Boston Scientific Corp. *		145		6,147
Burlington Stores, Inc. *		28		8,187
Ceridian HCM Holding, Inc. *		74		7,767
Chegg, Inc. *		65		1,983
Cognex Corp.		34		2,613
Datadog, Inc., Class A *		33		5,830
Dexcom, Inc. *		6		3,386
First Republic Bank		53		10,913
Fortive Corp.		126		9,590
Global Payments, Inc.		57		7,710
HubSpot, Inc. *		13		8,598
IHS Markit Ltd.		47		6,192
Ingersoll Rand, Inc.		190		11,753
Lattice Semiconductor Corp. *		108		8,315
Lyft, Inc., Class A *		54		2,295
Morningstar, Inc.		24		8,245
Nasdaq, Inc.		36		7,563
Novanta, Inc. *		33		5,897
ON Semiconductor Corp. *		42		2,876
SoFi Technologies, Inc. *		143		2,257
SVB Financial Group *		9		5,808
Teledyne Technologies, Inc. *		22		9,720
Tradeweb Markets, Inc., Class A		74		7,432
Traeger, Inc. *		133		1,614
Valmont Industries, Inc.		39		9,753
Veeva Systems, Inc., Class A *		50		12,856
Veracyte, Inc. *		82		3,373
Wolfspeed, Inc. *		33		3,725
Workiva, Inc. *		28		3,657
Zscaler, Inc. *		15		4,662
Zynga, Inc., Class A *		1,018		6,515
				244,398
Total common stocks (Cost $283,522)				386,698

Artisan Global Discovery Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

SHORT-TERM INVESTMENT - 3.5%
INVESTMENT COMPANY - 3.5%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $14,049)	14,049		14,049
Total investments - 99.8% (Cost $297,571)			400,747
Other assets less liabilities - 0.2%			921
Total net assets - 100.0%(2)		$	401,668

^*  Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $79,802, or 20.0% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviation
ADR	American Depositary Receipt

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	11,627		2.9	%
Consumer Discretionary		21,298		5.3
Financials		52,979		13.2
Health Care		78,837		19.7
Industrials		72,112		18.0
Information Technology		134,141		33.5
Materials		9,953		2.5
Real Estate		5,751		1.4
Short-Term Investments		14,049		3.5
Total investments	$	400,747		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Brazilian real	$	5,575		1.4	%
British pound		5,440		1.4
Canadian dollar		5,751		1.4
Danish krone		9,336		2.3
Euro		57,418		14.3
Hong Kong dollar		15,764		3.9
Japanese yen		15,413		3.9
Norwegian krone		4,203		1.1
Swiss franc		4,824		1.2
U.S. dollar		277,023		69.1
Total investments	$	400,747		100.0	%

Artisan Global Equity Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held			Value
COMMON STOCKS - 99.7%
Belgium - 1.8%
UCB SA		48		$	5,489
Canada - 5.0%
Anaergia, Inc. *		184			2,942
Canadian Pacific Railway Ltd.		91			6,545
Descartes Systems Group, Inc. (The) *		19			1,530
Kinaxis, Inc. *		29			4,093
					15,110
China - 2.9%
CGN Power Co. Ltd., Class H		6,665			2,026
China Longyuan Power Group Corp. Ltd., Class H		1,829			4,269
Chindata Group Holdings Ltd., ADR *		149			984
New Horizon Health Ltd. *		482			1,366
					8,645
Denmark - 1.4%
Ascendis Pharma A/S, ADR *		31			4,161
France - 2.1%
Airbus SE *		26			3,355
Capgemini SE		8			1,973
LVMH Moet Hennessy Louis Vuitton SE		1			912
Tikehau Capital SCA		3			81
					6,321
Germany - 8.5%
AIXTRON SE (1)		176			3,594
Auto1 Group SE *(1)		14			306
Bayerische Motoren Werke AG (1)		16			1,619
Brenntag SE (1)		51			4,656
Deutsche Post AG (1)		132			8,474
MTU Aero Engines AG (1)		11			2,169
Porsche Automobil Holding SE (Preference) (1)		9			817
PSI Software AG (1)		2			111
Siemens AG (1)		19			3,287
Wacker Neuson SE (1)		22			630
					25,663
India - 1.1%
Reliance Industries Ltd.		103			3,267
Ireland - 1.9%
ICON plc *		18			5,561
Israel - 1.4%
Nice Ltd., ADR *		11			3,384
Tremor International Ltd. *		104			777
					4,161
Italy - 1.4%
BFF Bank SpA (1)		511			4,125
Japan - 4.1%
Azbil Corp. (1)		142			6,456
Hoya Corp. (1)		24			3,610
Toyota Industries Corp. (1)		28			2,227
					12,293
Luxembourg - 1.4%
Majorel Group Luxembourg SA *		136			4,329
Netherlands - 4.9%
Argenx SE, ADR *		21			7,250
Argenx SE *		—	(2)		87
CM.com NV *		113			3,579
ING Groep NV		277			3,858
					14,774
Norway - 0.9%
Volue ASA *(1)		401			2,658
Russia - 2.5%
MMC Norilsk Nickel PJSC, ADR		130			4,030
Sberbank of Russia PJSC, ADR		224			3,590
					7,620
Spain - 1.5%
Ferrovial SA (1)		142			4,448
Sweden - 3.0%
Nibe Industrier AB, Class B (1)		400			5,993
Nordic Entertainment Group AB, Class B *(1)		60			3,122
					9,115
Switzerland - 2.0%
Barry Callebaut AG (1)		1			2,500
Medacta Group SA *(1)		22			3,390
					5,890
United Kingdom - 4.1%
AVEVA Group plc		70			3,227
Diageo plc		34			1,882
Ideagen plc		1,116			4,154
Linde plc (1)		7			2,539
SSP Group plc *		165			536
					12,338
United States - 47.8%
ACADIA Pharmaceuticals, Inc. *		145			3,388
Alphabet, Inc., Class A *		2			6,504
Alphabet, Inc., Class C *		1			3,082
Altair Engineering, Inc., Class A *		94			7,264
Amazon.com, Inc. *		3			9,860
American Software, Inc., Class A		192			5,019
Aon plc, Class A		10			3,013

Artisan Global Equity Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

Autodesk, Inc. *	11		2,974
Booking Holdings, Inc. *	2		5,045
Clarivate plc *	196		4,617
Colfax Corp. *	116		5,340
Crown Holdings, Inc.	30		3,374
Darling Ingredients, Inc. *	58		4,030
Halozyme Therapeutics, Inc. *	250		10,062
Horizon Therapeutics plc *	54		5,807
Johnson Controls International plc	122		9,881
Microsoft Corp.	30		10,168
Natera, Inc. *	78		7,268
Rivian Automotive, Inc., Class A *	3		295
Splunk, Inc. *	36		4,161
Stryker Corp.	19		5,182
Synopsys, Inc. *	12		4,394
Thermo Fisher Scientific, Inc.	6		3,713
TJX Cos., Inc. (The)	64		4,876
T-Mobile US, Inc. *	52		5,989
Vertiv Holdings Co.	206		5,133
ViewRay, Inc. *	555		3,059
			143,498
Total common stocks (Cost $244,372)			299,466
SHORT-TERM INVESTMENT - 1.1%
INVESTMENT COMPANY - 1.1%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $3,396)	3,396		3,396
Total investments - 100.8% (Cost $247,768)			302,862
Other assets less liabilities - (0.8)%			(2,532	)
Total net assets - 100.0% (3)		$	300,330

Artisan Global Equity Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

* Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $66,731, or 22.2% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Amount rounds to less than one.

⁽³⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations/Definition
ADR	American Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	19,474		6.4	%
Consumer Discretionary		24,266		8.0
Consumer Staples		8,412		2.8
Energy		3,267		1.1
Financials		14,667		4.8
Health Care		69,393		22.9
Industrials		69,697		23.0
Information Technology		74,052		24.5
Materials		9,943		3.3
Utilities		6,295		2.1
Short-Term Investments		3,396		1.1
Total investments	$	302,862		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	10,576		3.5	%
Canadian dollar		15,110		5.0
Euro		60,438		20.0
Hong Kong dollar		7,661		2.5
Indian rupee		3,267		1.1
Japanese yen		12,293		4.0
Norwegian krone		2,658		0.9
Swedish krona		9,115		3.0
Swiss franc		5,890		1.9
U.S. dollar		175,854		58.1
Total investments	$	302,862		100.0	%

See notes to N-PORT Part F.

Artisan Global Opportunities Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 96.4%
Brazil - 1.1%
Magazine Luiza SA *(1)		21,617	$	27,808
NU Holdings Ltd., Class A *		3,841		36,025
				63,833
Canada - 2.3%
Shopify, Inc., Class A *		97		133,824
Denmark - 2.5%
Genmab A/S *(1)		230		92,215
Vestas Wind Systems A/S (1)		1,793		54,229
				146,444
Germany - 1.3%
Volkswagen AG (Preference) (1)		368		74,384
Hong Kong - 6.8%
AIA Group Ltd.		7,960		80,240
Techtronic Industries Co. Ltd.		15,662		311,736
				391,976
Japan - 3.3%
Hoya Corp. (1)		648		96,008
Keyence Corp. (1)		156		98,291
				194,299
Netherlands - 2.5%
Koninklijke DSM NV		655		147,613
Spain - 1.6%
Banco Bilbao Vizcaya Argentaria SA (1)		15,928		94,565
Sweden - 4.4%
Hexagon AB, Class B (1)		7,007		110,311
Telefonaktiebolaget LM Ericsson, Class B (1)		13,104		143,936
				254,247
Switzerland - 8.2%
Cie Financiere Richemont SA (1)		509		76,021
Lonza Group AG (1)		274		227,908
UBS Group AG (1)		9,480		170,145
				474,074
United Kingdom - 4.8%
AstraZeneca plc		835		98,046
CNH Industrial NV (1)		5,575		107,071
London Stock Exchange Group plc		790		74,143
				279,260
United States - 57.6%
Advanced Micro Devices, Inc. *		2,323		334,272
Airbnb, Inc., Class A *		548		91,256
Alphabet, Inc., Class A *		60		172,664
Aptiv plc *		1,048		172,879
Arista Networks, Inc. *		611		87,898
Atlassian Corp. plc, Class A *		421		160,382
Boston Scientific Corp. *		4,213		178,971
Burlington Stores, Inc. *		291		84,968
Charles Schwab Corp. (The)		1,485		124,884
Danaher Corp.		642		211,156
Dexcom, Inc. *		103		55,225
Fidelity National Information Services, Inc.		908		99,127
Fortive Corp.		1,353		103,237
HubSpot, Inc. *		139		91,490
IHS Markit Ltd.		1,207		160,419
Ingersoll Rand, Inc.		2,024		125,255
Lowe’s Cos., Inc.		582		150,346
Lululemon Athletica, Inc. *		218		85,211
Microsoft Corp.		394		132,601
Netflix, Inc. *		196		118,283
NextEra Energy, Inc.		2,186		204,078
ON Semiconductor Corp. *		642		43,624
S&P Global, Inc.		111		52,574
Spotify Technology SA *		112		26,318
Uber Technologies, Inc. *		1,640		68,761
Veeva Systems, Inc., Class A *		818		209,018
				3,344,897
Total common stocks (Cost $3,462,667)				5,599,416
SHORT-TERM INVESTMENT - 2.9%
INVESTMENT COMPANY - 2.9%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $170,137)		170,137		170,137
Total investments - 99.3% (Cost $3,632,804)				5,769,553
Other assets less liabilities - 0.7%				39,191
Total net assets - 100.0% (2)			$	5,808,744

Artisan Global Opportunities Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

^*  Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $1,372,892, or 23.6% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Definition
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	317,265		5.5	%
Consumer Discretionary		762,873		13.2
Financials		632,576		11.0
Health Care		1,168,547		20.3
Industrials		930,708		16.1
Information Technology		1,435,756		24.9
Materials		147,613		2.6
Utilities		204,078		3.5
Short-Term Investments		170,137		2.9
Total investments	$	5,769,553		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Brazilian real	$	27,808		0.5	%
British pound		172,189		3.0
Danish krone		146,444		2.5
Euro		423,633		7.3
Hong Kong dollar		391,976		6.8
Japanese yen		194,299		3.4
Swedish krona		254,247		4.4
Swiss franc		474,074		8.2
U.S. dollar		3,684,883		63.9
Total investments	$	5,769,553		100.0	%

See notes to N-PORT Part F.

Artisan Global Value Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares, warrants and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 93.8%
Belgium - 1.8%
Groupe Bruxelles Lambert SA		390	$	43,548
Brazil - 1.4%
Telefonica Brasil SA, ADR		3,870		33,474
Canada - 1.6%
Imperial Oil Ltd.		1,047		37,744
China - 2.7%
Alibaba Group Holding Ltd. *		2,892		44,099
Alibaba Group Holding Ltd., ADR *		177		21,000
				65,099
France - 5.3%
Danone SA		1,742		108,248
Sodexo SA		216		18,963
				127,211
Germany - 3.3%
HeidelbergCement AG (1)		1,181		79,984
Japan - 2.7%
Nintendo Co. Ltd. (1)		139		64,602
Netherlands - 6.0%
ING Groep NV		2,748		38,307
Koninklijke Philips NV		1,889		70,450
Royal Dutch Shell plc, Class B		1,618		35,528
				144,285
South Korea - 5.4%
Samsung Electronics Co. Ltd. (1)		1,986		130,383
Switzerland - 12.3%
Cie Financiere Richemont SA (1)		573		85,531
Novartis AG (1)		1,352		118,719
UBS Group AG (1)		5,228		93,827
				298,077
United Kingdom - 9.0%
BAE Systems plc		7,735		57,562
Compass Group plc *		4,176		93,315
GlaxoSmithKline plc		1,120		24,352
Lloyds Banking Group plc		66,342		42,923
				218,152
United States - 42.3%
Advance Auto Parts, Inc.		148		35,407
Alphabet, Inc., Class A *		35		102,419
American Express Co.		435		71,089
Anthem, Inc.		302		139,904
Bank of New York Mellon Corp. (The)		1,695		98,441
Berkshire Hathaway, Inc., Class B *		274		82,069
Booking Holdings, Inc. *		10		24,028
Citigroup, Inc.		1,279		77,219
DENTSPLY SIRONA, Inc.		855		47,728
Expedia Group, Inc. *		407		73,465
Marsh & McLennan Cos., Inc.		359		62,358
Meta Platforms, Inc., Class A *		312		104,777
Progressive Corp. (The)		540		55,430
Southwest Airlines Co. *		1,096		46,941
				1,021,275
Total common stocks (Cost $1,616,854)				2,263,834
SHORT-TERM INVESTMENT - 4.4%
INVESTMENT COMPANY - 4.4%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $106,946)		106,946		106,946
	No. of Warrants		Value
WARRANTS - 0.1%
Switzerland - 0.1%
Cie Financiere Richemont SA, expiring 11/22/2023, strike price CHF 67 (Cost $8) *(1)		1,873		2,055
Total investments - 98.3% (Cost $1,723,808)				2,372,835
Other assets less liabilities - 1.7%				41,982
Total net assets - 100.0% (2)			$	2,414,817

Artisan Global Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

^* Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $575,101, or 23.8% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations
ADR	American Depositary Receipt
CHF	Swiss franc

Artisan Global Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	305,272		12.9	%
Consumer Discretionary		397,863		16.8
Consumer Staples		108,248		4.5
Energy		73,272		3.1
Financials		665,211		28.0
Health Care		401,153		16.9
Industrials		104,503		4.4
Information Technology		130,383		5.5
Materials		79,984		3.4
Short-Term Investments		106,946		4.5
Total investments	$	2,372,835		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	253,680		10.7	%
Canadian dollar		37,744		1.6
Euro		359,500		15.2
Hong Kong dollar		44,099		1.9
Japanese yen		64,602		2.7
Korean won		130,383		5.5
Swiss franc		300,132		12.6
U.S. dollar		1,182,695		49.8
Total investments	$	2,372,835		100.0	%

See notes to N-PORT Part F.

Artisan High Income Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

	Principal Amount		Value
CORPORATE BONDS - 58.7%
Advertising - 0.2%
Terrier Media Buyer, Inc. 8.88%, 12/15/2027 (1)	$	15,947	$	17,235
Aerospace/Defense - 0.5%
Bombardier, Inc.
6.00%, 2/15/2028 (1)(2)		18,421		18,477
7.88%, 4/15/2027 (1)(2)		17,255		17,895
				36,372
Airlines - 1.2%
Delta Air Lines, Inc.
3.75%, 10/28/2029		41,699		42,735
4.38%, 4/19/2028		8,095		8,624
7.38%, 1/15/2026		25,381		29,881
				81,240
Building Materials - 0.4%
New Enterprise Stone & Lime Co., Inc.
5.25%, 7/15/2028 (1)		4,361		4,422
9.75%, 7/15/2028 (1)		14,000		14,980
Victors Merger Corp. 6.38%, 5/15/2029 (1)		12,138		11,410
				30,812
Chemicals - 2.1%
Consolidated Energy Finance SA 5.63%, 10/15/2028 (1)(2)		17,085		16,701
EverArc Escrow SARL 5.00%, 10/30/2029 (1)		21,652		21,668
LSF11 A5 HoldCo LLC 6.63%, 10/15/2029 (1)		8,542		8,414
Methanex Corp.
5.13%, 10/15/2027 (2)		25,502		26,777
5.25%, 12/15/2029 (2)		62,698		66,116
5.65%, 12/1/2044 (2)		4,854		4,857
				144,533
Commercial Services - 0.2%
PECF USS Intermediate Holding III Corp. 8.00%, 11/15/2029 (1)		16,154		16,728
Diversified Financial Services - 5.5%
AG Issuer LLC 6.25%, 3/1/2028 (1)		40,713		42,240
NFP Corp.
4.88%, 8/15/2028 (1)		26,065		26,326
6.88%, 8/15/2028 (1)		156,755		157,159
VistaJet Malta Finance plc 10.50%, 6/1/2024 (1)(2)		149,977		160,475
				386,200
Engineering & Construction - 0.8%
Signature Aviation US Holdings, Inc. 4.00%, 3/1/2028 (1)		32,372		32,158
Tutor Perini Corp. 6.88%, 5/1/2025 (1)		26,745		26,953
				59,111
Entertainment - 0.2%
Jacobs Entertainment, Inc. 7.88%, 2/1/2024 (1)		4,558		4,649
Penn National Gaming, Inc. 4.13%, 7/1/2029 (1)		8,774		8,511
				13,160
Food - 1.1%
H-Food Holdings LLC 8.50%, 6/1/2026 (1)		79,212		79,212
Food Service - 1.3%
TKC Holdings, Inc.
6.88%, 5/15/2028 (1)		16,184		16,507
10.50%, 5/15/2029 (1)		65,171		70,385
				86,892
Forest Products & Paper - 0.2%
Ahlstrom-Munksjo Holding 3 Oy 4.88%, 2/4/2028 (1)(2)		17,834		17,551
Hand/Machine Tools - 0.7%
Werner FinCo LP 8.75%, 7/15/2025 (1)		46,856		48,847
Healthcare-Products - 2.1%
Mozart Debt Merger Sub, Inc.
3.88%, 4/1/2029 (1)		130,060		129,601
5.25%, 10/1/2029 (1)		12,842		13,017
				142,618
Healthcare-Services - 1.1%
Surgery Center Holdings, Inc.
6.75%, 7/1/2025 (1)		8,955		9,022
10.00%, 4/15/2027 (1)		64,776		68,825
				77,847
Insurance - 8.0%
Acrisure LLC
6.00%, 8/1/2029 (1)		79,070		78,081
7.00%, 11/15/2025 (1)		81,106		81,047
10.13%, 8/1/2026 (1)		48,540		53,455
Alliant Holdings Intermediate LLC 5.88%, 11/1/2029 (1)		15,595		15,866
Ardonagh Midco 2 plc 11.50% Cash, 12.75% PIK, 1/15/2027 (1)(2)(3)		118,698		125,047
AssuredPartners, Inc. 7.00%, 8/15/2025 (1)		33,750		34,003
BroadStreet Partners, Inc. 5.88%, 4/15/2029 (1)		50,129		49,252
GTCR AP Finance, Inc. 8.00%, 5/15/2027 (1)		53,511		55,518
Highlands Holdings Bond Issuer Ltd. 7.63% Cash, 8.38% PIK, 10/15/2025 (1)(2)(3)		16,874		17,887
HUB International Ltd. 7.00%, 5/1/2026 (1)		41,266		42,401
				552,557

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Internet - 0.4%
Cars.com, Inc. 6.38%, 11/1/2028 (1)	17,239	18,360
Millennium Escrow Corp. 6.63%, 8/1/2026 (1)	9,223	9,246
		27,606
Iron/Steel - 0.6%
Big River Steel LLC 6.63%, 1/31/2029 (1)	36,699	39,681
Commercial Metals Co. 3.88%, 2/15/2031	2,637	2,617
		42,298
Leisure Time - 6.8%
Carnival Corp.
4.00%, 8/1/2028 (1)	13,445	13,344
5.75%, 3/1/2027 (1)	110,287	110,287
6.00%, 5/1/2029 (1)	83,290	82,874
7.63%, 3/1/2026 (1)	7,882	8,262
10.50%, 2/1/2026 (1)	18,139	20,706
MajorDrive Holdings IV LLC 6.38%, 6/1/2029 (1)	13,223	12,793
NCL Corp. Ltd.
3.63%, 12/15/2024 (1)	17,414	16,434
5.88%, 3/15/2026 (1)	47,354	47,144
12.25%, 5/15/2024 (1)	16,630	19,707
NCL Finance Ltd. 6.13%, 3/15/2028 (1)	58,288	57,414
Royal Caribbean Cruises Ltd.
4.25%, 7/1/2026 (1)	17,804	17,245
5.50%, 8/31/2026 (1)	26,365	26,808
5.50%, 4/1/2028 (1)	35,497	35,907
		468,925
Lodging - 0.2%
Boyd Gaming Corp. 4.75%, 6/15/2031 (1)	9,302	9,488
Full House Resorts, Inc. 8.25%, 2/15/2028 (1)	4,679	4,913
		14,401
Media - 5.4%
CCO Holdings LLC
4.25%, 2/1/2031 (1)	42,817	43,193
4.50%, 5/1/2032	54,492	56,059
5.50%, 5/1/2026 (1)	15,290	15,752
CSC Holdings LLC
4.50%, 11/15/2031 (1)	8,967	8,855
4.63%, 12/1/2030 (1)	45,395	42,955
5.25%, 6/1/2024	15,676	16,303
5.38%, 2/1/2028 (1)	6,632	6,867
5.88%, 9/15/2022	47,077	48,254
6.50%, 2/1/2029 (1)	12,161	13,012
Sinclair Television Group, Inc.
5.13%, 2/15/2027 (1)	18,823	18,258
5.50%, 3/1/2030 (1)	57,038	55,327
5.88%, 3/15/2026 (1)	7,138	7,245
Virgin Media Finance plc 5.00%, 7/15/2030 (1)(2)	8,739	8,695
Virgin Media Secured Finance plc 5.50%, 5/15/2029 (1)(2)	27,393	28,924
		369,699
Mining - 1.0%
Compass Minerals International, Inc.
4.88%, 7/15/2024 (1)	10,392	10,626
6.75%, 12/1/2027 (1)	52,402	55,485
		66,111
Miscellaneous Manufacturing - 1.2%
General Electric Co. Series D, (ICE LIBOR USD 3 Month + 3.33%), 3.53%, 3/15/2022 (4)(5)	81,071	80,260
Oil & Gas - 6.8%
Callon Petroleum Co.
6.13%, 10/1/2024	23,142	22,795
8.00%, 8/1/2028 (1)	118,846	120,034
Comstock Resources, Inc. 7.50%, 5/15/2025 (1)	11,113	11,460
CrownRock LP 5.00%, 5/1/2029 (1)	10,001	10,376
Endeavor Energy Resources LP 5.75%, 1/30/2028 (1)	33,200	35,387
Laredo Petroleum, Inc.
7.75%, 7/31/2029 (1)	73,953	72,104
9.50%, 1/15/2025	6,534	6,665
10.13%, 1/15/2028	8,612	9,030
Matador Resources Co. 5.88%, 9/15/2026	55,779	57,452
MEG Energy Corp. 5.88%, 2/1/2029 (1)(2)	33,922	35,514
Range Resources Corp.
5.00%, 8/15/2022	9,500	9,607
5.00%, 3/15/2023	5,000	5,112
SM Energy Co.
5.63%, 6/1/2025	13,228	13,327
6.50%, 7/15/2028	19,447	20,128
6.63%, 1/15/2027	4,218	4,345
Strathcona Resources Ltd. 6.88%, 8/1/2026 (1)(2)	33,591	33,017
Tap Rock Resources LLC 7.00%, 10/1/2026 (1)	5,950	6,188
		472,541
Real Estate - 1.7%
Realogy Group LLC
4.88%, 6/1/2023 (1)	71,475	73,351
5.75%, 1/15/2029 (1)	26,972	27,646
9.38%, 4/1/2027 (1)	12,417	13,411
		114,408

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Real Estate Investment Trusts (REITS) - 2.4%
American Finance Trust, Inc. 4.50%, 9/30/2028 (1)		30,346	30,569
Global Net Lease, Inc. 3.75%, 12/15/2027 (1)		33,002	32,230
Park Intermediate Holdings LLC
5.88%, 10/1/2028 (1)		14,642	15,228
7.50%, 6/1/2025 (1)		19,819	20,909
Uniti Group LP
4.75%, 4/15/2028 (1)		17,806	17,659
7.88%, 2/15/2025 (1)		16,700	17,430
XHR LP 4.88%, 6/1/2029 (1)		31,185	31,731
			165,756
Retail - 4.7%
Asbury Automotive Group, Inc. 4.63%, 11/15/2029 (1)		17,053	17,373
Brinker International, Inc.
3.88%, 5/15/2023		1,000	1,022
5.00%, 10/1/2024 (1)		25,349	26,997
Dave & Buster’s, Inc. 7.63%, 11/1/2025 (1)		35,423	37,770
FirstCash, Inc. 5.63%, 1/1/2030 (1)		2,124	2,165
LCM Investments Holdings II LLC 4.88%, 5/1/2029 (1)		26,332	27,061
Nordstrom, Inc.
4.00%, 3/15/2027		16,561	16,644
4.38%, 4/1/2030		46,966	47,378
5.00%, 1/15/2044		98,226	91,596
SRS Distribution, Inc.
6.00%, 12/1/2029 (1)		48,122	48,363
6.13%, 7/1/2029 (1)		2,803	2,856
Superior Plus LP 4.25%, 5/18/2028 (1)(2)	CAD	6,705	5,324
			324,549
Software - 0.4%
Castle US Holding Corp. 9.50%, 2/15/2028 (1)	$	25,953	27,056
Telecommunications - 1.5%
Altice France Holding SA
6.00%, 2/15/2028 (1)(2)		29,473	28,147
10.50%, 5/15/2027 (1)(2)		4,564	4,906
Altice France SA 5.50%, 10/15/2029 (1)(2)		43,345	42,695
Zayo Group Holdings, Inc. 6.13%, 3/1/2028 (1)		28,489	28,062
			103,810
Total corporate bonds (Cost $3,918,891)			4,068,335
BANK LOANS - 37.6%
Advertising - 0.5%
Terrier Media Buyer, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 3.60%, 12/17/2026 (5)		38,184	37,983
Aerospace/Defense - 0.5%
Dynasty Acquisition Co., Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 3.72%, 4/6/2026 (5)		6,344	6,163
Jazz Acquisition, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.25%), 4.35%, 6/19/2026 (5)		27,438	27,010
Standard Aero Ltd. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 3.72%, 4/6/2026 (5)		3,411	3,313
			36,486
Apparel - 0.5%
Birkenstock US BidCo, Inc. First Lien Term Loan B (ICE LIBOR USD 6 Month + 3.25%), 3.75%, 4/28/2028 (2)(5)		34,981	34,849
Auto Parts & Equipment - 1.0%
Wheel Pros, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.50%), 5.25%, 5/11/2028 (5)		68,890	68,710
Beverages - 0.2%
City Brewing Co. LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.25%, 4/5/2028 (5)		18,224	17,214
Building Materials - 0.6%
ACProducts Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 4.75%, 5/17/2028 (5)		26,680	26,280
Icebox Holdco III, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.25%, 12/22/2028 (5)		8,824	8,808
Icebox Holdco III, Inc. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.25%, 12/21/2029 (5)		8,493	8,488
			43,576
Chemicals - 1.2%
CPC Acquisition Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 12/29/2027 (5)		38,393	37,817

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Diamond BC BV First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 3.50%, 9/29/2028 (5)	25,990	25,868
Geon Performance Solutions LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.75%), 5.50%, 8/18/2028 (5)	12,173	12,261
WR Grace Holdings LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.25%, 9/22/2028 (5)	8,718	8,725
		84,671
Commercial Services - 4.9%
Ankura Consulting Group LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.50%), 5.25%, 3/17/2028 (5)	44,350	44,406
Ankura Consulting Group LLC Second Lien Term Loan (ICE LIBOR USD 1 Month + 8.00%), 8.75%, 3/19/2029 (5)	17,830	17,830
Digital Room Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 5.25%), 5.75%, 12/15/2028 (5)	29,200	28,954
Employbridge Holding Co. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.75%), 5.50%, 7/19/2028 (5)	57,002	56,460
Midas Intermediate Holdco II LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 12/22/2025 (5)	66,400	63,025
National Intergovernmental Purchasing Alliance Co. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.50%), 7.72%, 5/22/2026 (5)	7,321	7,284
PECF USS Intermediate Holding III Corporation First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 4.75%, 12/15/2028 (5)	38,943	38,957
Spin Holdco, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 3/4/2028 (5)	65,705	65,860
VT Topco, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 8/1/2025 (5)	14,927	14,896
		337,672
Diversified Financial Services - 0.1%
NFP Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.35%, 2/15/2027 (5)	7,030	6,909
Entertainment - 0.8%
J&J Ventures Gaming LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.00%), 4.75%, 4/26/2028 (5)	32,120	32,121
Lucky Bucks LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 5.50%), 6.25%, 7/30/2027 (5)	20,277	19,897
		52,018
Food - 1.1%
Shearer’s Foods LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 4.25%, 9/23/2027 (5)	56,796	56,567
Sovos Brands Intermediate, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 6/8/2028 (5)	19,006	18,978
		75,545
Food Service - 1.2%
TKC Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 6.50%, 5/15/2028 (5)	80,839	80,839
Forest Products & Paper - 0.1%
Spa Holdings 3 Oy First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 2/4/2028 (5)	8,852	8,852
Hand/Machine Tools - 0.4%
Madison Safety & Flow LLC First Lien Term Loan (SOFR + 3.75%), 4.25%, 12/14/2028 (5)	12,869	12,857
Madison Safety & Flow LLC Second Lien Term Loan (SOFR + 6.75%), 7.25%, 12/14/2029 (5)	14,870	14,870
		27,727

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Healthcare-Products - 0.7%
Mozart Borrower LP First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.75%, 10/23/2028 (5)	47,687	47,666
Healthcare-Services - 2.3%
Cambrex Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 4.25%, 12/4/2026 (5)	16,261	16,254
ICON Luxembourg S.A.R.L. First Lien Term Loan B (ICE LIBOR USD 3 Month + 2.25%), 2.75%, 7/3/2028 (2)(5)	52,099	52,077
Mamba Purchaser, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 4.25%, 9/29/2028 (5)	10,391	10,374
Radnet Management, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.00%), 3.75%, 4/23/2028 (5)	13,345	13,332
Surgery Center Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 4.50%, 8/31/2026 (5)	68,073	67,988
		160,025
Household Products/Wares - 0.2%
VC GB Holdings I Corp. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 4.00%, 7/21/2028 (5)	13,197	13,077
Insurance - 1.4%
Acrisure LLC, First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.25%), 4.75%, 2/15/2027 (5)	19,475	19,442
AssuredPartners, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 3.60%, 2/12/2027 (5)	47,262	46,842
BroadStreet Partners, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 3.10%, 1/27/2027 (5)	8,890	8,769
IMA Financial Group, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 4.25%, 11/1/2028 (5)	17,327	17,255
		92,308
Internet - 2.1%
Arches Buyer, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 3.75%, 12/6/2027 (5)	72,524	71,935
Barracuda Networks, Inc. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 10/30/2028 (5)	33,815	33,984
CNT Holdings I Corp. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 6.75%), 7.50%, 11/6/2028 (5)	12,878	12,926
Proofpoint, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 3.75%, 8/31/2028 (5)	27,596	27,460
		146,305
Investment Companies - 0.9%
Nexus Buyer LLC Second Lien Term Loan (ICE LIBOR USD 1 Month + 6.25%), 6.75%, 11/5/2029 (5)	58,943	58,869
Leisure Time - 1.1%
Carnival Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 4.00%, 10/18/2028 (5)	8,661	8,574
MajorDrive Holdings IV LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.50%, 6/1/2028 (5)	22,248	22,220
Topgolf International, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 6.25%), 7.00%, 2/9/2026 (5)	47,753	48,207
		79,001
Lodging - 0.3%
Jack Ohio Finance LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 4.75%), 5.50%, 10/4/2028 (5)	17,940	17,884
Machinery-Diversified - 0.3%
STS Operating, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 5.25%, 12/11/2024 (5)	18,441	18,441
Miscellaneous Manufacturing - 0.0%(6)
Utex Industries, Inc. Term Loan B (ICE LIBOR USD 1 Month + 3.75%), 5.25%, 12/3/2025 (5)(7)(8)	2,225	2,173
Municipal - 0.2%
Lakeshore Intermediate LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.00%, 9/29/2028 (5)	10,837	10,790

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Pharmaceuticals - 0.3%
PRA Health Sciences, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 2.25%), 2.75%, 7/3/2028 (5)	12,980	12,975
Sharp Midco LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 4.00%, 12/14/2028 (5)	5,826	5,811
		18,786
Retail - 1.7%
Fogo De Chao, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 4.25%), 5.25%, 4/7/2025 (5)	17,216	16,943
Portillo’s Holdings LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 5.50%), 6.50%, 9/6/2024 (5)	44,057	44,057
Rough Country LLC First Lien Term Loan (ICE LIBOR USD 3 Month + 3.50%), 4.25%, 7/28/2028 (5)	8,711	8,684
SRS Distribution, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.25%, 6/2/2028 (5)	58,242	58,056
		127,740
Software - 11.1%
Applied Systems, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.25%), 3.50%, 9/19/2024 (5)	24,603	24,578
Applied Systems, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 5.50%), 6.25%, 9/19/2025 (5)	34,731	34,948
Castle US Holding Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 3.97%, 1/29/2027 (5)	4,927	4,876
CommerceHub, Inc. Second Lien Term Loan B (ICE LIBOR USD 3 Month + 7.00%), 7.75%, 12/29/2028 (5)	10,610	10,265
Constant Contact, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.50%), 8.25%, 2/12/2029 (5)	28,018	27,528
Epicor Software Corp. First Lien Term Loan C (ICE LIBOR USD 1 Month + 3.25%), 4.00%, 7/30/2027 (5)	66,531	66,439
Epicor Software Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.75%), 8.75%, 7/31/2028 (5)	9,250	9,450
Finastra USA, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.50%), 4.50%, 6/13/2024 (5)	48,335	48,085
Ivanti Software, Inc. First Lien Term Loan B
(ICE LIBOR USD 3 Month + 4.00%), 4.75%, 12/1/2027 (5)	13,281	13,201
(ICE LIBOR USD 1 Month + 4.75%), 5.75%, 12/1/2027 (5)	51,028	51,044
Ivanti Software, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.25%), 7.75%, 12/1/2028 (5)	6,435	6,423
Loyalty Ventures, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.50%), 5.00%, 11/3/2027 (5)	18,951	18,825
Orchid Merger Sub II LLC First Lien Term Loan (SOFR + 4.75%), 5.25%, 5/12/2027 (5)	25,540	24,263
RealPage, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 3.75%, 4/24/2028 (5)	91,442	91,114
Renaissance Holdings Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 3.35%, 5/30/2025 (5)	70,271	69,543
Renaissance Holdings Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.00%), 7.09%, 5/29/2026 (5)	36,536	36,588
UKG, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.25%), 3.75%, 5/4/2026 (5)	44,324	44,061
UKG, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 5.25%), 5.75%, 5/3/2027 (5)	151,130	151,414
Virgin Pulse, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 4.75%, 4/6/2028 (5)	38,248	37,722
		770,367

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Principal amount, shares and dollar values in thousands

Telecommunications - 1.4%
Delta Topco, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 4.50%, 12/1/2027 (5)		39,268		39,282
Delta Topco, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.25%), 8.00%, 12/1/2028 (5)		35,575		35,720
Gridiron Fiber Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.50%), 5.25%, 10/4/2028 (5)		21,634		21,228
				96,230
Transportation - 0.5%
SIRVA Worldwide, Inc. First Lien Term Loan
(ICE LIBOR USD 3 Month + 5.50%), 5.60%, 8/4/2025 (5)		26,552		24,029
(ICE LIBOR USD 3 Month + 5.50%), 5.62%, 8/4/2025 (5)		5,986		5,417
(ICE LIBOR USD 3 Month + 5.50%), 5.67%, 8/4/2025 (5)		5,693		5,153
(ICE LIBOR USD 3 Month + 5.50%), 5.72%, 8/4/2025 (5)		619		560
				35,159
Total bank loans (Cost $2,598,330)				2,607,872
	Shares Held
COMMON STOCK - 0.3%
Miscellaneous Manufacturing - 0.3%
Utex Equity *(8)		364		18,836
Total common stocks (Cost $10,178)				18,836
SHORT-TERM INVESTMENT - 3.3%
INVESTMENT COMPANY - 3.3%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $228,239)		228,239		228,239
Total investments - 99.9% (Cost $6,755,638)				6,923,282
Other assets less liabilities - 0.1%				5,298
Total net assets - 100.0% (9)			$	6,928,580

* Non-income producing security.

⁽¹⁾ Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. May be resold in transactions exempt from registration, normally to qualified institutional buyers.

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

⁽²⁾ The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Ahlstrom-Munksjo Holding 3 Oy, 4.88%, 2/4/2028	Finland	U.S. dollar
Altice France Holding SA, 6.00%, 2/15/2028	Luxembourg	U.S. dollar
Altice France Holding SA, 10.50%, 5/15/2027	Luxembourg	U.S. dollar
Altice France SA, 5.50%, 10/15/2029	France	U.S. dollar
Ardonagh Midco 2 plc, 11.50%, 1/15/2027	United Kingdom	U.S. dollar
Birkenstock US BidCo, Inc. First Lien Term Loan B, 3.75%, 4/28/2028	Germany	U.S. dollar
Bombardier, Inc., 6.00%, 2/15/2028	Canada	U.S. dollar
Bombardier, Inc., 7.88%, 4/15/2027	Canada	U.S. dollar
Consolidated Energy Finance SA, 5.63%, 10/15/2028	Switzerland	U.S. dollar
Highlands Holdings Bond Issuer Ltd., 7.63%, 10/15/2025	Bermuda	U.S. dollar
ICON Luxembourg S.A.R.L. First Lien Term Loan B, 2.75%, 7/3/2028	Luxembourg	U.S. dollar
MEG Energy Corp., 5.88%, 2/1/2029	Canada	U.S. dollar
Methanex Corp., 5.13%, 10/15/2027	Canada	U.S. dollar
Methanex Corp., 5.25%, 12/15/2029	Canada	U.S. dollar
Methanex Corp., 5.65%, 12/1/2044	Canada	U.S. dollar
Strathcona Resources Ltd., 6.88%, 8/1/2026	Canada	U.S. dollar
Superior Plus LP, 4.25%, 5/18/2028	Canada	Canadian dollar
Virgin Media Finance plc, 5.00%, 7/15/2030	United Kingdom	U.S. dollar
Virgin Media Secured Finance plc, 5.50%, 5/15/2029	United Kingdom	U.S. dollar
VistaJet Malta Finance plc, 10.50%, 6/1/2024	Switzerland	U.S. dollar

⁽³⁾ Payment in-kind security.

⁽⁴⁾ Perpetual security. The rate reflected was the rate in effect on December 31, 2021. The maturity date reflects the next call date.

⁽⁵⁾ Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of December 31, 2021.

⁽⁶⁾ Amount rounds to less than 0.1%.

⁽⁷⁾ Defaulted security.

⁽⁸⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $21,009, or 0.3% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽⁹⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Artisan High Income Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Abbreviations
CAD	Canadian dollar
ICE	Intercontinental Exchange
LIBOR	London Interbank Offered Rate
PIK	Payment-In-Kind
SOFR	Secured Overnight Financing Rate
USD	U.S. dollar

UNFUNDED LOAN COMMITMENTS

Values in thousands

Pursuant to the terms of the following bank loan agreements, the portfolio had unfunded loan commitments of $4,445 or 0.1% of the total net assets as of December 31, 2021, which could be drawn at the option of the borrower:

Borrower	Unfunded Commitment Amount		Unfunded Value		Unrealized Depreciation
Icebox Holdco III, Inc. First Lien Term Loan B, delayed-draw	$	1,826	$	1,822	$	(4	)
VT Topco, Inc. First Lien Term Loan, delayed-draw		2,619		2,613		(6	)
	$	4,445	$	4,435	$	(10	)

FOREIGN CURRENCY FORWARD CONTRACTS

Values in thousands

Currency Purchased		Currency Sold			Counterparty	Settlement Date	Unrealized Appreciation
CAD	259		USD	202	JPM	2/25/2022	$	2
USD	5,532		CAD	6,992	JPM	2/25/2022		4
EUR	16,278		USD	18,412	JPM	3/31/2022		154
USD	18,848		EUR	16,278	JPM	3/31/2022		282
Total unrealized appreciation								442
Net unrealized appreciation							$	442

CAD	Canadian Dollar
EUR	Euro
USD	U.S. dollar
JPM	JPMorgan Chase Bank, N.A.

FUTURES CONTRACTS

Dollar values in thousands

Description	Number of Contracts			Expiration Date		Trading Currency		Notional Amount		Notional Value			Unrealized (Depreciation)
Short Positions Contracts
U.S. Treasury Long Bond		(564	)		3/22/2022		USD	$	56,400	$	(90,487	)	$	(138	)
													$	(138	)

USD     U.S. Dollar

See notes to N-PORT Part F.

Artisan International Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS AND EQUITY-LINKED SECURITY- 99.7%
Belgium - 2.4%
UCB SA		1,819	$	207,863
Canada - 4.0%
Canadian Pacific Railway Ltd.		3,433		246,888
Kinaxis, Inc. *		762		106,805
				353,693
Denmark - 1.8%
Ascendis Pharma A/S, ADR *		1,006		135,338
Genmab A/S *(1)		67		27,025
				162,363
France - 12.0%
Air Liquide SA		1,476		257,663
Airbus SE *		1,053		134,751
BNP Paribas SA		4,403		304,619
Capgemini SE		1,430		350,917
LVMH Moet Hennessy Louis Vuitton SE		21		17,148
				1,065,098
Germany - 19.8%
Allianz SE (1)		810		191,565
Auto1 Group SE *(1)		348		7,608
Bayerische Motoren Werke AG (1)		1,036		104,399
Brenntag SE (1)		2,019		182,956
Deutsche Boerse AG (1)		1,711		286,631
Deutsche Post AG (1)		4,383		282,143
Deutsche Telekom AG (1)		13,534		251,540
MTU Aero Engines AG (1)		377		76,631
Porsche Automobil Holding SE (Preference) (1)		235		22,335
Siemens AG (1)		1,102		191,479
Volkswagen AG (Preference) (1)		770		155,577
				1,752,864
India - 1.2%
Reliance Industries Ltd.		3,449		109,876
Ireland - 4.2%
ICON plc *		520		160,987
Ryanair Holdings plc, Equity-Linked Security *(1)(2)(3)		12,246		212,612
				373,599
Israel - 3.5%
Nice Ltd., ADR *		1,035		314,188
Italy - 1.5%
Intesa Sanpaolo SpA (1)		51,112		132,055
Japan - 4.4%
Hoya Corp. (1)		880		130,513
Sony Group Corp. (1)		1,571		198,630
Toyota Industries Corp. (1)		705		56,332
				385,475
Netherlands - 9.2%
Argenx SE, ADR *		585		204,700
Argenx SE *		7		2,500
ING Groep NV		13,406		186,851
Koninklijke DSM NV		1,535		346,080
Koninklijke Philips NV		2,084		77,745
				817,876
Russia - 2.8%
MMC Norilsk Nickel PJSC, ADR		4,499		139,160
Sberbank of Russia PJSC, ADR		6,808		109,269
				248,429
Spain - 1.1%
Ferrovial SA (1)		3,103		97,333
Switzerland - 8.4%
Alcon, Inc. (1)		955		84,122
Barry Callebaut AG (1)		35		84,827
Lonza Group AG (1)		130		108,612
Medacta Group SA *(1)		443		69,051
Nestle SA (1)		1,318		184,308
Roche Holding AG (1)		512		212,037
				742,957
Taiwan - 1.5%
Taiwan Semiconductor Manufacturing Co. Ltd. (1)		5,981		132,436
United Kingdom - 12.0%
AVEVA Group plc		2,179		100,390
Barclays plc		96,080		243,191
Diageo plc		2,178		119,009
Experian plc		2,129		104,663
International Consolidated Airlines Group SA *		56,151		108,288
Linde plc (1)		1,117		388,937
				1,064,478
United States - 9.9%
Accenture plc, Class A		254		105,445
Alphabet, Inc., Class A *		71		206,953
Alphabet, Inc., Class C *		32		92,398
Amazon.com, Inc. *		84		281,528
Aon plc, Class A		645		193,881
				880,205
Total common stocks and equity-linked security (Cost $6,625,786)				8,840,788
Total investments - 99.7% (Cost $6,625,786)				8,840,788
Other assets less liabilities - 0.3%				30,710
Total net assets - 100.0% (4)			$	8,871,498

Artisan International Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

^*  Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $3,871,694, or 43.6% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Security is restricted. Security was acquired in a transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or during the period noted below.

Security	Acquisition Date		Cost		Value		Percentage of Total Net Assets
Ryanair Holdings plc		11/14/2013 - 11/08/2021	$	227,719	$	212,612		2.4	%

⁽³⁾ Security is an equity-linked security issued by HSBC Bank plc. Equity-linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

⁽⁴⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations/Definition

ADR	American Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	550,891		6.2	%
Consumer Discretionary		787,225		8.9
Consumer Staples		388,144		4.4
Energy		109,876		1.2
Financials		1,860,674		21.0
Health Care		1,420,493		16.1
Industrials		1,481,464		16.8
Information Technology		1,110,181		12.6
Materials		1,131,840		12.8
Total investments	$	8,840,788		100.0	%

Artisan International Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	675,541		7.6	%
Canadian dollar		353,693		4.0
Danish krone		27,025		0.3
Euro		4,257,326		48.2
Indian rupee		109,876		1.2
Japanese yen		385,475		4.4
New Taiwan dollar		132,436		1.5
Swiss franc		742,957		8.4
U.S. dollar		2,156,459		24.4
Total investments	$	8,840,788		100.0	%

See notes to N-PORT Part F.

Artisan International Small-Mid Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 93.9%
Australia - 0.2%
Telix Pharmaceuticals Ltd. *		1,702	$	9,596
Brazil - 1.8%
Afya Ltd., Class A *		1,293		20,311
Notre Dame Intermedica Participacoes SA (1)		3,340		36,091
Rumo SA *(1)		6,466		20,578
Vibra Energia SA (1)		9,885		38,539
				115,519
Canada - 4.9%
Altus Group Ltd.		1,634		91,688
CAE, Inc. *		3,450		87,035
Descartes Systems Group, Inc. (The) *		655		54,195
Kinaxis, Inc. *		398		55,837
Real Matters, Inc. *		1,187		7,786
TECSYS, Inc.		398		16,549
				313,090
China - 0.2%
I-Mab, ADR *		269		12,757
Costa Rica - 0.2%
Establishment Labs Holdings, Inc. *		209		14,148
Denmark - 4.5%
ALK-Abello A/S *(1)		73		38,344
Ambu A/S, Class B (1)		1,710		44,756
Carlsberg A/S, Class B (1)		186		32,013
DSV A/S (1)		261		60,246
Genmab A/S *(1)		166		66,346
Vestas Wind Systems A/S (1)		1,446		43,730
				285,435
Finland - 2.8%
BasWare OYJ *(1)		339		11,682
Metso Outotec OYJ (1)		12,400		131,884
Revenio Group OYJ (1)		241		15,240
Vaisala OYJ, Class A (1)		345		20,944
				179,750
France - 2.6%
Gaztransport Et Technigaz SA		864		80,881
Lectra		1,688		80,738
				161,619
Germany - 3.6%
AIXTRON SE (1)		2,858		58,295
Carl Zeiss Meditec AG *(1)		96		20,152
Hamburger Hafen und Logistik AG (1)		1,348		31,545
KION Group AG (1)		331		36,412
MorphoSys AG *(1)		672		25,521
Symrise AG (1)		384		56,956
				228,881
Iceland - 0.5%
Ossur HF *(1)		4,823		31,218
India - 2.0%
IndiaMart InterMesh Ltd.		508		44,261
WNS Holdings Ltd., ADR *		903		79,631
				123,892
Israel - 9.4%
Compugen Ltd. *		525		2,257
Kornit Digital Ltd. *		1,141		173,698
Max Stock Ltd.		4,954		17,702
Nice Ltd., ADR *		816		247,674
Radware Ltd. *(2)		2,732		113,754
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		231		17,361
Tel Aviv Stock Exchange Ltd.		3,931		21,221
				593,667
Italy - 0.8%
Davide Campari-Milano NV (1)		3,476		50,603
Japan - 15.0%
Azbil Corp. (1)		2,624		119,562
Carenet, Inc. (1)(2)		3,666		34,143
CKD Corp. (1)(2)		4,384		89,094
Daikokutenbussan Co. Ltd. (1)(2)		965		43,201
en-japan, Inc. (1)		691		19,515
Fujitec Co. Ltd. (1)		3,220		70,552
GMO Financial Gate, Inc. (1)		86		20,974
Hennge KK *(1)		1,282		21,597
Jeol Ltd. (1)		828		65,836
Kobe Bussan Co. Ltd. (1)		900		34,808
Money Forward, Inc. *(1)		630		37,499
Morinaga Milk Industry Co. Ltd. (1)		787		37,284
Obic Co. Ltd. (1)		165		30,866
Plus Alpha Consulting Co. Ltd. (1)		304		8,257
Raccoon Holdings, Inc. (1)(2)		2,214		27,195
Rohm Co. Ltd. (1)		539		48,803
Roland Corp. (1)		61		2,067
SG Holdings Co. Ltd. (1)		4,710		110,288
Temairazu, Inc. (1)(2)		344		15,291
Toshiba Corp. (1)		2,208		90,819
Ubicom Holdings, Inc. (1)(2)		928		24,261
				951,912
Netherlands - 2.9%
Argenx SE *		87		31,135
IMCD NV		357		79,224
Koninklijke DSM NV		317		71,436
				181,795
Spain - 0.6%
Almirall SA (1)		3,168		40,531
Sweden - 2.5%
AAK AB (1)		2,469		53,335
Elekta AB, Class B (1)		1,882		23,780
Fortnox AB (1)		1,239		79,780
				156,895

Artisan International Small-Mid Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

Switzerland - 7.7%
Alcon, Inc. (1)	1,450		127,738
Baloise Holding AG (1)	342		55,896
Barry Callebaut AG (1)	27		64,726
Belimo Holding AG (1)	105		66,395
Burckhardt Compression Holding AG (1)	61		28,873
Comet Holding AG (1)	161		59,119
Siegfried Holding AG *(1)	45		43,662
Tecan Group AG (1)	68		41,269
			487,678
Thailand - 1.3%
Fabrinet *	687		81,448
United Kingdom - 16.3%
Alphawave IP Group plc *	8,462		22,883
ASOS plc *	1,063		34,406
AVEVA Group plc	776		35,744
B&M European Value Retail SA	5,422		46,530
Balfour Beatty plc	6,670		23,655
boohoo Group plc *	21,519		35,885
Britvic plc	3,497		43,546
ConvaTec Group plc	37,963		99,251
Electrocomponents plc	6,485		105,862
Ergomed plc *	1,252		25,424
HomeServe plc	2,823		33,416
Howden Joinery Group plc	6,242		76,140
JD Sports Fashion plc	15,841		46,701
JET2 plc *	6,446		97,287
Moonpig Group plc *	2,770		14,059
Orchard Therapeutics plc, ADR *	2,126		2,806
Oxford Biomedica plc *	1,774		29,541
Rotork plc	20,096		97,163
St. James’s Place plc	3,209		73,120
THG plc *	5,137		15,936
Trainline plc *	8,237		31,104
YouGov plc	1,977		42,822
			1,033,281
United States - 14.1%
Agilysys, Inc. *	944		41,985
Alkermes plc *	1,512		35,179
Alnylam Pharmaceuticals, Inc. *	159		27,010
BioCryst Pharmaceuticals, Inc. *	1,887		26,128
CyberArk Software Ltd. *	548		94,978
Glaukos Corp. *	1,330		59,124
Ingersoll Rand, Inc.	1,252		77,434
Inspire Medical Systems, Inc. *	116		26,675
Lantheus Holdings, Inc. *	1,430		41,322
Legend Biotech Corp., ADR *	1,281		59,727
Madrigal Pharmaceuticals, Inc. *	146		12,331
MaxCyte, Inc. *	995		10,165
MaxCyte, Inc. *	984		10,024
Model N, Inc. *(2)	2,159		64,826
Myriad Genetics, Inc. *	1,447		39,944
Nevro Corp. *	249		20,223
Quotient Ltd. *	1,456		3,770
Reata Pharmaceuticals, Inc., Class A *	108		2,845
Varex Imaging Corp. *	1,098		34,642
Verastem, Inc. *	1,246		2,555
ViewRay, Inc. *(2)	11,907		65,608
Wolfspeed, Inc. *	1,006		112,399
Zogenix, Inc. *	1,653		26,860
			895,754
Total common stocks (Cost $4,531,151)			5,949,469
SHORT-TERM INVESTMENT - 5.3%
INVESTMENT COMPANY - 5.3%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $334,754)	334,754		334,754
Total investments - 99.2% (Cost $4,865,905)			6,284,223
Other assets less liabilities - 0.8%			49,449
Total net assets - 100.0% (3)		$	6,333,672

Artisan International Small-Mid Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

^*  Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $2,508,111, or 39.6% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Affiliated company as defined under the Investment Company Act of 1940.

⁽³⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviation

ADR     American Depositary Receipt

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	42,822		0.7	%
Consumer Discretionary		345,726		5.5
Consumer Staples		376,877		6.0
Energy		80,881		1.3
Financials		150,237		2.4
Health Care		1,385,674		22.1
Industrials		1,695,106		26.9
Information Technology		1,644,280		26.2
Materials		128,392		2.0
Real Estate		99,474		1.6
Short-Term Investments		334,754		5.3
Total investments	$	6,284,223		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Australian dollar	$	9,596		0.2	%
Brazilian real		95,208		1.5
British pound		1,040,640		16.6
Canadian dollar		313,090		5.0
Danish krone		316,653		5.0
Euro		843,179		13.4
Indian rupee		44,261		0.7
Israel new shekel		56,284		0.9
Japanese yen		951,912		15.1
Swedish krona		156,895		2.5
Swiss franc		487,678		7.8
U.S. dollar		1,968,827		31.3
Total investments	$	6,284,223		100.0	%

See notes to N-PORT Part F.

Artisan International Value Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS AND EQUITY LINKED SECURITY- 92.6%
Belgium - 2.8%
Groupe Bruxelles Lambert SA		5,933	$	663,052
Brazil - 1.2%
Telefonica Brasil SA, ADR		33,341		288,401
Canada - 7.3%
Alimentation Couche-Tard, Inc.		21,903		917,701
Imperial Oil Ltd.		9,478		341,832
Suncor Energy, Inc.		19,411		485,677
				1,745,210
China - 5.6%
Alibaba Group Holding Ltd. *		33,395		509,217
Anhui Conch Cement Co. Ltd., Class H		46,444		231,995
Hengan International Group Co. Ltd.		52,068		268,102
Trip.com Group Ltd. *		12,918		316,098
				1,325,412
Finland - 1.6%
Nokia OYJ, ADR *		49,643		308,779
Nokia OYJ *(1)		10,498		65,949
				374,728
France - 7.7%
Danone SA		13,970		868,222
Safran SA		3,920		480,520
Sodexo SA		4,848		425,313
Sodexo SA (Registered Shares) (1)(2)		737		64,683
				1,838,738
Germany - 2.7%
Fresenius Medical Care AG & Co. KGaA (1)		8,023		519,746
Hella GmbH & Co. KGaA (1)		1,817		123,540
				643,286
India - 4.7%
HCL Technologies Ltd.		51,085		906,516
Indus Towers Ltd.		66,189		221,089
				1,127,605
Ireland - 2.3%
CRH plc		5,529		292,819
Ryanair Holdings plc *		1,846		32,044
Ryanair Holdings plc, Equity-Linked Security *(1)(3)(4)		13,138		228,096
				552,959
Japan - 1.2%
Seven & i Holdings Co. Ltd. (1)		6,355		279,336
Mexico - 0.7%
Gruma SAB de CV, Class B		13,647		174,414
Netherlands - 4.2%
ING Groep NV		58,630		817,151
Universal Music Group NV		6,615		186,635
				1,003,786
South Korea - 9.1%
NAVER Corp. *(1)		1,947		618,044
Samsung Electronics Co. Ltd. (1)		16,441		1,079,370
Samsung Electronics Co. Ltd. (Preference) (1)		7,588		454,192
				2,151,606
Spain - 0.9%
CaixaBank SA (1)		78,959		216,521
Switzerland - 17.1%
ABB Ltd. (1)		24,576		936,390
Cie Financiere Richemont SA (1)		3,727		556,568
Credit Suisse Group AG (1)		35,666		345,935
Holcim Ltd. *(1)		11,057		562,717
Novartis AG (1)		10,878		955,308
UBS Group AG (1)		39,404		707,226
				4,064,144
United Kingdom - 15.9%
Associated British Foods plc		8,988		244,277
Berkeley Group Holdings plc		3,426		221,442
CNH Industrial NV (1)		16,300		313,049
Compass Group plc *		47,385		1,058,924
GlaxoSmithKline plc		4,378		95,211
Inchcape plc		5,643		69,474
Liberty Global plc, Class A *		7,799		216,331
Liberty Global plc, Class C *		6,501		182,606
Lloyds Banking Group plc		745,025		482,029
RELX plc		25,434		826,926
RELX plc		2,543		82,581
				3,792,850
United States - 7.6%
Arch Capital Group Ltd. *(5)		23,285		1,035,022
Tenaris SA (1)		27,029		282,101
Tenaris SA, ADR		2,502		52,201
White Mountains Insurance Group Ltd.		69		69,700
Willis Towers Watson plc		1,529		363,045
				1,802,069
Total common stocks and equity-linked security (Cost $17,012,025)				22,044,117

Artisan International Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

SHORT-TERM INVESTMENT - 6.4%
INVESTMENT COMPANY - 6.4%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $1,526,214)	1,526,214		1,526,214
Total investments - 99.0% (Cost $18,538,239)			23,570,331
Other assets less liabilities - 1.0%			240,520
Total net assets - 100.0% (6)		$	23,810,851

Artisan International Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

^*  Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $8,308,771, or 34.9% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Security is restricted.

Security	Acquisition Date		Cost		Value		Percentage of Total Net Assets
Sodexo SA (Registered Shares)		09/01/2020	$	63,852	$	64,683		0.3	%

⁽³⁾ Security is restricted. Security was acquired in a transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or during the period noted below.

Security	Acquisition Date		Cost		Value		Percentage of Total Net Assets
Ryanair Holdings plc		11/14/2013-12/07/2021	$	244,423	$	228,096		1.0	%

⁽⁴⁾ Security is an equity-linked security issued by HSBC Bank plc. Equity-linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

⁽⁵⁾ Affiliated company as defined under the Investment Company Act of 1940.

⁽⁶⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations/Definition
ADR	American Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

FOREIGN CURRENCY FORWARD CONTRACTS

Values in thousands

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation
USD	230,248		JPY	26,251,466	JPM		4/21/2022	$	1,779
Net unrealized appreciation								$	1,779

JPY	Japanese yen
USD	U.S. dollar
JPM	JPMorgan Chase Bank, N.A.

Artisan International Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	1,713,106		7.3	%
Consumer Discretionary		3,345,259		14.2
Consumer Staples		2,752,052		11.7
Energy		1,161,811		4.9
Financials		4,927,777		20.9
Health Care		1,570,265		6.7
Industrials		2,671,510		11.3
Information Technology		2,814,806		11.9
Materials		1,087,531		4.6
Short-Term Investments		1,526,214		6.5
Total investments	$	23,570,331		100.0	%

TRADING CURRENCIES
Dollar values in thousands
	Value		Percentage of Total Investments
British pound	$	2,998,283		12.7	%
Canadian dollar		1,745,210		7.4
Euro		5,433,926		23.1
Hong Kong dollar		1,325,412		5.6
Indian rupee		1,127,605		4.8
Japanese yen		279,336		1.2
Korean won		2,151,606		9.1
Mexican peso		174,414		0.7
Swiss franc		4,064,144		17.3
U.S. dollar		4,270,395		18.1
Total investments	$	23,570,331		100.0	%

See notes to N-PORT Part F.

Artisan Mid Cap Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 97.9%
Auto Components - 2.1%
Aptiv plc *		885	$	145,968
Banks - 4.1%
First Republic Bank		550		113,667
SVB Financial Group *		263		178,218
				291,885
Biotechnology - 7.5%
Argenx SE, ADR *(1)		420		147,095
Ascendis Pharma A/S, ADR *(1)		1,417		190,668
BioNTech SE, ADR *(1)		176		45,475
Exact Sciences Corp. *		443		34,487
Genmab A/S *(1)(2)		281		112,447
				530,172
Building Products - 1.8%
Advanced Drainage Systems, Inc.		517		70,408
Trex Co., Inc. *		429		57,910
				128,318
Capital Markets - 7.7%
LPL Financial Holdings, Inc.		526		84,273
MSCI, Inc.		268		163,927
Nasdaq, Inc.		687		144,337
Tradeweb Markets, Inc., Class A		1,512		151,381
				543,918
Communications Equipment - 2.0%
Arista Networks, Inc. *		997		143,305
Consumer Finance - 0.6%
SoFi Technologies, Inc. *		2,559		40,461
Containers & Packaging - 1.3%
Ball Corp.		949		91,322
Diversified Consumer Services - 0.3%
Chegg, Inc. *		681		20,913
Electrical Equipment - 1.8%
Generac Holdings, Inc. *		363		127,826
Electronic Equipment, Instruments & Components - 4.0%
Cognex Corp.		728		56,617
Teledyne Technologies, Inc. *		259		113,202
Trimble, Inc. *		1,243		108,350
				278,169
Entertainment - 3.6%
Roku, Inc. *		390		88,907
Spotify Technology SA *		151		35,228
Zynga, Inc., Class A *		20,516		131,304
				255,439
Health Care Equipment & Supplies - 1.7%
Dexcom, Inc. *		219		117,629
Health Care Technology - 3.0%
Veeva Systems, Inc., Class A *		827		211,343
Hotels, Restaurants & Leisure - 2.3%
Chipotle Mexican Grill, Inc. *		83		145,850
DraftKings, Inc., Class A *		660		18,136
				163,986
Interactive Media & Services - 3.5%
Match Group, Inc. *		1,060		140,121
ZoomInfo Technologies, Inc. *		1,612		103,496
				243,617
Internet & Direct Marketing Retail - 1.3%
Global-e Online Ltd. *(1)		945		59,882
Wayfair, Inc., Class A *		176		33,477
				93,359
IT Services - 3.7%
BigCommerce Holdings, Inc., Series 1 *		1,333		47,140
Global Payments, Inc.		1,300		175,763
Marqeta, Inc., Class A *		678		11,639
Toast, Inc., Class A *		827		28,712
				263,254
Leisure Products - 1.0%
YETI Holdings, Inc. *		852		70,578
Life Sciences Tools & Services - 5.0%
Agilent Technologies, Inc.		642		102,552
Evotec SE *(1)(2)		1,195		57,785
NeoGenomics, Inc. *		1,338		45,654
West Pharmaceutical Services, Inc.		310		145,346
				351,337
Machinery - 4.5%
Fortive Corp.		1,711		130,542
Ingersoll Rand, Inc.		3,049		188,640
				319,182
Media - 1.3%
New York Times Co. (The), Class A		1,935		93,440
Pharmaceuticals - 2.6%
Catalent, Inc. *		1,451		185,797
Professional Services - 1.8%
TransUnion		1,082		128,252
Road & Rail - 1.1%
Lyft, Inc., Class A *		1,786		76,328
Semiconductors & Semiconductor Equipment - 6.5%
Azenta, Inc.		695		71,627
Entegris, Inc.		763		105,740
Lattice Semiconductor Corp. *		2,084		160,611
Monolithic Power Systems, Inc.		92		45,193
ON Semiconductor Corp. *		1,136		77,175
				460,346
Software - 18.7%
Atlassian Corp. plc, Class A *		643		245,033
Bill.com Holdings, Inc. *		295		73,429
Ceridian HCM Holding, Inc. *		1,312		137,078
Datadog, Inc., Class A *		956		170,289
HubSpot, Inc. *		476		313,614
Synopsys, Inc. *		366		135,026
Tyler Technologies, Inc. *		157		84,472
Zscaler, Inc. *		486		156,199
				1,315,140

Artisan Mid Cap Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

Specialty Retail - 2.1%
Burlington Stores, Inc. *	513		149,615
Textiles, Apparel & Luxury Goods - 1.0%
Lululemon Athletica, Inc. *	176		68,779
Total common stocks (Cost $3,844,939)			6,909,678
SHORT-TERM INVESTMENT - 0.5%
INVESTMENT COMPANY - 0.5%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $33,176)	33,176		33,176
Total investments - 98.4% (Cost $3,878,115)			6,942,854
Other assets less liabilities - 1.6%			113,351
Total net assets - 100.0% (3)		$	7,056,205

Artisan Mid Cap Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

* Non-income producing security.

⁽¹⁾ The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Argenx SE	Netherlands	U.S. dollar
Ascendis Pharma A/S	Denmark	U.S. dollar
BioNTech SE	Germany	U.S. dollar
Evotec SE	Germany	Euro
Genmab A/S	Denmark	Danish krone
Global-e Online Ltd.	Israel	U.S. dollar

⁽²⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $170,232, or 2.4% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽³⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviation
ADR	American Depositary Receipt

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	592,496		8.6	%
Consumer Discretionary		713,198		10.3
Financials		876,264		12.6
Health Care		1,396,278		20.1
Industrials		779,906		11.2
Information Technology		2,460,214		35.4
Materials		91,322		1.3
Short-Term Investments		33,176		0.5
Total investments	$	6,942,854		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Danish krone	$	112,447		1.6	%
Euro		57,785		0.8
U.S. dollar		6,772,622		97.6
Total investments	$	6,942,854		100.0	%

See notes to N-PORT Part F.

Artisan Mid Cap Value Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 97.8%
Air Freight & Logistics - 2.2%
Expeditors International of Washington, Inc.		340	$	45,723
Auto Components - 4.5%
BorgWarner, Inc.		1,025		46,190
Gentex Corp.		1,349		47,025
				93,215
Banks - 1.5%
M&T Bank Corp.		209		32,036
Capital Markets - 4.5%
Moelis & Co., Class A		763		47,681
Northern Trust Corp.		378		45,200
				92,881
Chemicals - 4.0%
Celanese Corp.		230		38,719
Corteva, Inc.		928		43,886
				82,605
Consumer Finance - 2.8%
Synchrony Financial		1,253		58,119
Diversified Consumer Services - 1.6%
H&R Block, Inc.		1,419		33,433
Electric Utilities - 2.4%
OGE Energy Corp.		1,305		50,097
Electrical Equipment - 2.9%
nVent Electric plc		1,553		59,024
Energy Equipment & Services - 2.0%
NOV, Inc.		3,089		41,853
Entertainment - 3.0%
Electronic Arts, Inc.		268		35,315
Lions Gate Entertainment Corp., Class A *		520		8,655
Lions Gate Entertainment Corp., Class B *		1,136		17,484
				61,454
Equity Real Estate Investment Trusts (REITs) - 6.9%
Lamar Advertising Co., Class A		526		63,835
PS Business Parks, Inc.		136		25,010
Public Storage		88		32,981
STORE Capital Corp.		570		19,611
				141,437
Food & Staples Retailing - 3.5%
Kroger Co. (The)		916		41,467
Sysco Corp.		394		30,936
				72,403
Food Products - 2.5%
Tyson Foods, Inc., Class A		583		50,850
Health Care Equipment & Supplies - 2.2%
DENTSPLY SIRONA, Inc.		818		45,629
Health Care Providers & Services - 4.4%
AmerisourceBergen Corp.		308		40,946
Centene Corp. *		601		49,482
				90,428
Hotels, Restaurants & Leisure - 8.4%
Expedia Group, Inc. *		423		76,388
Marriott International, Inc., Class A *		313		51,730
Vail Resorts, Inc.		135		44,125
				172,243
Insurance - 7.3%
Arch Capital Group Ltd. *		1,245		55,346
Globe Life, Inc.		532		49,863
Progressive Corp. (The)		433		44,446
				149,655
Interactive Media & Services - 2.1%
IAC/InterActiveCorp *		275		35,889
Vimeo, Inc. *		394		7,069
				42,958
Machinery - 1.5%
Otis Worldwide Corp.		355		30,915
Marine - 1.5%
Kirby Corp. *		510		30,301
Media - 7.2%
Liberty Broadband Corp., Class C *		118		19,070
Liberty Media Corp.-Liberty SiriusXM, Class A *		439		22,321
Liberty Media Corp.-Liberty SiriusXM, Class C *		436		22,185
News Corp., Class A		2,182		48,682
Omnicom Group, Inc.		504		36,917
				149,175
Real Estate Management & Development - 2.0%
Jones Lang LaSalle, Inc. *		153		41,236
Road & Rail - 4.1%
AMERCO		115		83,612
Semiconductors & Semiconductor Equipment - 3.9%
Analog Devices, Inc.		460		80,928
Software - 1.7%
Check Point Software Technologies Ltd. *(1)		294		34,284
Specialty Retail - 2.9%
AutoNation, Inc. *		511		59,739
Technology Hardware, Storage & Peripherals - 1.9%
NetApp, Inc.		422		38,804
Trading Companies & Distributors - 2.4%
Air Lease Corp.		1,121		49,593
Total common stocks (Cost $1,046,670)				2,014,630
SHORT-TERM INVESTMENT - 1.6%
INVESTMENT COMPANY - 1.6%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $33,489)		33,489		33,489

Artisan Mid Cap Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

Total investments - 99.4% (Cost $1,080,159)		2,048,119
Other assets less liabilities - 0.6%		12,624
Total net assets - 100.0% (2)	$	2,060,743

* Non-income producing security.

⁽¹⁾ The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country		Trading Currency
Check Point Software Technologies Ltd.		Israel		U.S. dollar

⁽²⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Artisan Mid Cap Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	253,587		12.4	%
Consumer Discretionary		358,630		17.6
Consumer Staples		123,253		6.0
Energy		41,853		2.0
Financials		332,691		16.2
Health Care		136,057		6.6
Industrials		299,168		14.6
Information Technology		154,016		7.6
Materials		82,605		4.0
Real Estate		182,673		8.9
Utilities		50,097		2.5
Short-Term Investments		33,489		1.6
Total investments	$	2,048,119		100.0	%

See notes to N-PORT Part F.

Artisan Select Equity Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held			Value
COMMON STOCKS - 92.0%
Aerospace & Defense - 1.7%
BAE Systems plc (1)		63		$	467
Air Freight & Logistics - 1.6%
FedEx Corp.		2			435
Airlines - 1.9%
Southwest Airlines Co. *		12			502
Automobiles - 4.3%
Harley-Davidson, Inc.		31			1,174
Banks - 4.4%
Citigroup, Inc.		20			1,204
Capital Markets - 4.9%
Bank of New York Mellon Corp. (The)		23			1,335
Chemicals - 5.4%
Axalta Coating Systems Ltd. *		44			1,468
Construction Materials - 4.5%
HeidelbergCement AG (1)(2)		18			1,224
Consumer Finance - 4.4%
American Express Co.		7			1,207
Diversified Financial Services - 5.7%
Berkshire Hathaway, Inc., Class B *		5			1,535
Food & Staples Retailing - 1.1%
Sprouts Farmers Market, Inc. *		10			303
Food Products - 4.1%
Danone SA (1)		18			1,113
Health Care Equipment & Supplies - 4.8%
DENTSPLY SIRONA, Inc.		23			1,288
Health Care Providers & Services - 6.6%
Anthem, Inc.		4			1,781
Hotels, Restaurants & Leisure - 4.9%
Booking Holdings, Inc. *		—	(3)		304
Expedia Group, Inc. *		6			1,013
					1,317
Insurance - 8.2%
Alleghany Corp. *		1			399
Marsh & McLennan Cos., Inc.		4			703
Progressive Corp. (The)		11			1,111
					2,213
Interactive Media & Services - 10.4%
Alphabet, Inc., Class A *		—	(3)		1,335
Meta Platforms, Inc., Class A*		4			1,483
					2,818
Internet & Direct Marketing Retail - 3.9%
Alibaba Group Holding Ltd., ADR *(1)		9			1,060
Specialty Retail - 4.3%
Advance Auto Parts, Inc.		5			1,167
Technology Hardware, Storage & Peripherals - 4.9%
Samsung Electronics Co. Ltd. (1)(2)		20			1,335
Total common stocks (Cost $20,340)					24,946
SHORT-TERM INVESTMENT - 7.6%
INVESTMENT COMPANY - 7.6%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $2,074)		2,074			2,074
Total investments - 99.6% (Cost $22,414)					27,020
Other assets less liabilities - 0.4%					106
Total net assets - 100.0%(4)				$	27,126

* Non-income producing security.

⁽¹⁾ The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Artisan Select Equity Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Security	Country	Trading Currency
Alibaba Group Holding Ltd.	China	U.S. dollar
BAE Systems plc	United Kingdom	British pound
Danone SA	France	Euro
HeidelbergCement AG	Germany	Euro
Samsung Electronics Co. Ltd.	South Korea	Korean won

⁽²⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $2,559, or 9.4% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽³⁾ Amount rounds to less than one.

⁽⁴⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviation
ADR	American Depositary Receipt

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	2,818		10.4	%
Consumer Discretionary		4,718		17.5
Consumer Staples		1,416		5.2
Financials		7,494		27.7
Health Care		3,069		11.4
Industrials		1,404		5.2
Information Technology		1,335		4.9
Materials		2,692		10.0
Short-Term Investments		2,074		7.7
Total investments	$	27,020		100.0	%

Artisan Select Equity Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	467		1.7	%
Euro		2,337		8.7
Korean won		1,335		4.9
U.S. dollar		22,881		84.7
Total investments	$	27,020		100.0	%

See notes to N-PORT Part F.

Artisan Small Cap Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 99.8%
Banks - 1.5%
Live Oak Bancshares, Inc.		106	$	9,237
Silvergate Capital Corp., Class A *		291		43,129
				52,366
Biotechnology - 17.9%
Argenx SE, ADR *(1)		347		121,575
Ascendis Pharma A/S, ADR *(1)		918		123,497
Avid Bioservices, Inc. *		678		19,796
Denali Therapeutics, Inc. *		336		15,004
Halozyme Therapeutics, Inc. *		4,560		183,356
Iovance Biotherapeutics, Inc. *		1,727		32,968
Orchard Therapeutics plc, ADR *(1)		4,334		5,722
Veracyte, Inc. *		2,871		118,298
Y-mAbs Therapeutics, Inc. *		1,017		16,486
				636,702
Building Products - 2.7%
Advanced Drainage Systems, Inc.		461		62,728
Trex Co., Inc. *		256		34,583
				97,311
Capital Markets - 1.7%
Morningstar, Inc.		179		61,151
Construction & Engineering - 2.9%
Valmont Industries, Inc.		406		101,642
Diversified Consumer Services - 3.1%
2U, Inc. *		425		8,520
Bright Horizons Family Solutions, Inc. *		314		39,464
Chegg, Inc. *		2,066		63,431
				111,415
Diversified Telecommunication Services - 0.4%
Bandwidth, Inc., Class A *		211		15,146
Electrical Equipment - 1.2%
Array Technologies, Inc. *		1,050		16,469
Shoals Technologies Group, Inc., Class A *		1,070		26,011
				42,480
Electronic Equipment, Instruments & Components - 3.2%
Novanta, Inc.*		646		113,823
Entertainment - 2.4%
Zynga, Inc., Class A *		13,425		85,919
Food & Staples Retailing - 1.0%
Casey’s General Stores, Inc.		185		36,471
Food Products - 0.5%
Freshpet, Inc. *		182		17,378
Health Care Equipment & Supplies - 3.4%
iRhythm Technologies, Inc. *		97		11,366
Shockwave Medical, Inc. *		467		83,350
Vapotherm, Inc. *		1,273		26,361
				121,077
Health Care Providers & Services - 0.7%
Option Care Health, Inc. *		865		24,611
Health Care Technology - 0.9%
OptimizeRx Corp. *		530		32,897
Hotels, Restaurants & Leisure - 4.3%
Papa John’s International, Inc.		518		69,128
Wingstop, Inc.		480		82,992
				152,120
Household Durables - 0.7%
Installed Building Products, Inc.		68		9,456
Traeger, Inc. *		1,225		14,901
				24,357
Interactive Media & Services - 1.1%
Eventbrite, Inc., Class A *		1,621		28,263
Genius Sports Ltd. *(1)		1,653		12,565
				40,828
Internet & Direct Marketing Retail - 0.8%
ThredUp, Inc., Class A *		2,192		27,970
IT Services - 1.1%
BigCommerce Holdings, Inc., Series 1 *		1,152		40,739
Leisure Products - 1.8%
YETI Holdings, Inc. *		758		62,826
Life Sciences Tools & Services - 3.8%
NeoGenomics, Inc. *		2,904		99,068
Repligen Corp. *		102		26,951
Seer, Inc. *		399		9,096
				135,115
Machinery - 3.0%
Ingersoll Rand, Inc.		1,744		107,908
Real Estate Management & Development - 0.4%
Compass, Inc., Class A *		1,518		13,802
Semiconductors & Semiconductor Equipment - 13.8%
Allegro MicroSystems, Inc. *(1)		1,306		47,246
Ambarella, Inc. *		93		18,934
Azenta, Inc.		500		51,522
Lattice Semiconductor Corp. *		2,526		194,676
Monolithic Power Systems, Inc.		268		132,308
Wolfspeed, Inc. *		420		46,965
				491,651
Software - 23.0%
Avalara, Inc. *		459		59,200
Bentley Systems, Inc., Class B		757		36,579
Blackline, Inc. *		1,334		138,130
BTRS Holdings, Inc., Class A *		1,705		13,335
DoubleVerify Holdings, Inc. *		539		17,946
Freshworks, Inc., Class A *		1,049		27,554
Guidewire Software, Inc. *		766		86,992
HubSpot, Inc. *		111		73,229
LivePerson, Inc. *		1,929		68,899
Olo, Inc., Class A *		820		17,057
Paycor HCM, Inc. *		637		18,347
Q2 Holdings, Inc. *		1,320		104,866
Tyler Technologies, Inc. *		156		83,749
Workiva, Inc. *		576		75,174
				821,057

Artisan Small Cap Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

Specialty Retail - 2.5%
Floor & Decor Holdings, Inc., Class A *	551		71,667
Leslie’s, Inc. *	763		18,051
			89,718
Total common stocks (Cost $2,450,868)			3,558,480
Total investments - 99.8% (Cost $2,450,868)			3,558,480
Other assets less liabilities - 0.2%			6,850
Total net assets - 100.0% (2)		$	3,565,330

* Non-income producing security.

⁽¹⁾ The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Allegro MicroSystems, Inc.	Japan	U.S. dollar
Argenx SE	Netherlands	U.S. dollar
Ascendis Pharma A/S	Denmark	U.S. dollar
Genius Sports Ltd.	United Kingdom	U.S. dollar
Orchard Therapeutics plc	United Kingdom	U.S. dollar

⁽²⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Artisan Small Cap Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Abbreviation
ADR	American Depositary Receipt

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	141,893		4.0	%
Consumer Discretionary		468,406		13.2
Consumer Staples		53,849		1.5
Financials		113,517		3.2
Health Care		950,402		26.7
Industrials		349,341		9.8
Information Technology		1,467,270		41.2
Real Estate		13,802		0.4
Total investments	$	3,558,480		100.0	%

See notes to N-PORT Part F.

Artisan Sustainable Emerging Markets Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 96.6%
Argentina - 3.5%
Grupo Financiero Galicia SA, ADR		61	$	575
MercadoLibre, Inc. *		2		2,627
				3,202
Brazil - 4.7%
Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA *(1)		650		768
Focus Energia Holding Participacoes SA (1)		351		679
GPS Participacoes e Empreendimentos SA (1)		288		819
Itau Unibanco Holding SA (Preference) (1)		222		847
Vale SA (1)		83		1,167
				4,280
Chile - 1.4%
Empresa Nacional de Telecomunicaciones SA (1)		170		575
Vina Concha y Toro SA (1)		441		678
				1,253
China - 20.4%
Alibaba Group Holding Ltd. *		240		3,658
Baidu, Inc., Class A *		66		1,221
Baozun, Inc., ADR *		18		244
China Traditional Chinese Medicine Holdings Co. Ltd.		2,056		1,363
Estun Automation Co. Ltd., Class A		338		1,375
Kingsoft Cloud Holdings Ltd., ADR *		42		666
NIO, Inc., ADR *		34		1,073
Noah Holdings Ltd., ADR *		29		876
Prosus NV*		27		2,227
Tongwei Co. Ltd., Class A		96		676
Trip.com Group Ltd. *		29		718
Wuhan Raycus Fiber Laser Technologies Co. Ltd., Class A		153		1,420
Zhuzhou CRRC Times Electric Co. Ltd.		533		3,085
				18,602
Egypt - 1.6%
Commercial International Bank
Egypt SAE *		424		1,430
Greece - 2.5%
Alpha Services & Holdings SA *		1,007		1,234
JUMBO SA		7		103
Mytilineos SA		57		984
				2,321
Hong Kong - 3.8%
AIA Group Ltd.		128		1,289
China High Precision Automation Group Ltd. *(1)(2)		9,066		—
Sino Biopharmaceutical Ltd.		3,059		2,142
				3,431
India - 7.9%
Havells India Ltd.		85		1,592
ICICI Bank Ltd.		226		2,248
Metropolis Healthcare Ltd.		28		1,293
Reliance Industries Ltd.		64		2,035
				7,168
Indonesia - 1.6%
Bank Rakyat Indonesia Persero Tbk. PT (1)		3,291		948
Indofood CBP Sukses Makmur Tbk. PT (1)		842		514
				1,462
Kazakhstan - 1.3%
Kaspi.KZ JSC, GDR		10		1,156
Malaysia - 1.0%
Public Bank Bhd.		958		957
Mexico - 2.8%
Cemex SAB de CV *		1,043		713
Corp. Inmobiliaria Vesta SAB de CV		503		1,008
Fomento Economico Mexicano SAB de CV		110		853
				2,574
Peru - 0.9%
Credicorp Ltd.		7		807
Russia - 8.9%
LUKOIL PJSC, ADR		19		1,719
MMC Norilsk Nickel PJSC, ADR		39		1,221
Ozon Holdings plc, ADR *		25		735
Polyus PJSC, GDR		24		2,090
Sberbank of Russia PJSC (1)		385		1,503
Yandex NV, Class A *		14		845
				8,113
South Africa - 1.2%
FirstRand Ltd.		281		1,072
South Korea - 12.4%
HYBE Co. Ltd. *(1)		5		1,454
Kakao Pay Corp. *(1)		4		599
Samsung Biologics Co. Ltd. *(1)		2		1,635
Samsung Electronics Co. Ltd. (1)		103		6,773
Shinhan Financial Group Co. Ltd. (1)		26		816
				11,277
Taiwan - 18.7%
E Ink Holdings, Inc. (1)		572		3,100
MediaTek, Inc. (1)		67		2,856
Sea Ltd., ADR *		4		973
Sunny Friend Environmental Technology Co. Ltd. (1)		172		1,239

Artisan Sustainable Emerging Markets Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

Taiwan Semiconductor Manufacturing Co. Ltd. (1)	401		8,872
			17,040
Thailand - 0.5%
Bangkok Bank PCL (1)	127		459
Turkey - 0.4%
Turkiye Sinai Kalkinma Bankasi A/S	3,323		362
United States - 1.1%
Globant SA*	3		1,049
Total common stocks (Cost $69,338)			88,015
SHORT-TERM INVESTMENT - 2.3%
INVESTMENT COMPANY - 2.3%
BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 0.01% (Cost $2,116)	2,116		2,116
Total investments - 98.9% (Cost $71,454)			90,131
Other assets less liabilities - 1.1%			955
Total net assets - 100.0% (3)		$	91,086

* Non-income producing security.

⁽¹⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $36,301, or 39.9% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽²⁾ Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

⁽³⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Abbreviations/Definition
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

Artisan Sustainable Emerging Markets Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	5,068		5.6	%
Consumer Discretionary		11,385		12.6
Consumer Staples		2,721		3.0
Energy		3,754		4.2
Financials		16,579		18.4
Health Care		6,433		7.1
Industrials		9,862		10.9
Information Technology		25,335		28.1
Materials		5,191		5.8
Real Estate		1,008		1.1
Utilities		679		0.8
Short-Term Investments		2,116		2.4
Total investments	$	90,131		100.0	%

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
Brazilian real	$	4,280		4.7	%
Chilean peso		1,253		1.4
Chinese yuan renminbi offshore		3,471		3.8
Egyptian pound		1,430		1.6
Euro		4,548		5.0
Hong Kong dollar		13,476		15.0
Indian rupee		7,168		8.0
Indonesian rupiah		1,462		1.6
Korean won		11,277		12.5
Malaysian ringgit		957		1.1
Mexican peso		2,574		2.9
New Taiwan dollar		16,067		17.8
South African rand		1,072		1.2
Thai baht		459		0.5
Turkish lira		362		0.4
U.S. dollar		20,275		22.5
Total investments	$	90,131		100.0	%

See notes to N-PORT Part F.

Artisan Value Fund

Schedule of Investments

December 31, 2021 (Unaudited)

Shares and dollar values in thousands

	Shares Held		Value
COMMON STOCKS - 99.3%
Aerospace & Defense - 7.8%
Airbus SE *(1)		73	$	9,312
Northrop Grumman Corp.		20		7,892
Raytheon Technologies Corp.		94		8,060
				25,264
Air Freight & Logistics - 3.5%
FedEx Corp.		44		11,268
Auto Components - 1.6%
Cie Generale des Etablissements Michelin SCA  (1)		31		5,124
Biotechnology - 2.5%
Vertex Pharmaceuticals, Inc. *		37		8,133
Capital Markets - 10.2%
Blackstone, Inc.		57		7,399
CME Group, Inc.		35		8,006
Goldman Sachs Group, Inc. (The)		23		8,652
Morgan Stanley		90		8,858
				32,915
Communications Equipment - 2.0%
Cisco Systems, Inc.		103		6,539
Consumer Finance - 2.8%
Synchrony Financial		192		8,893
Diversified Financial Services - 2.6%
Berkshire Hathaway, Inc., Class B *		28		8,287
Energy Equipment & Services - 2.1%
Schlumberger NV		230		6,891
Entertainment - 3.9%
Electronic Arts, Inc.		48		6,315
Walt Disney Co. (The) *		41		6,313
				12,628
Health Care Equipment & Supplies - 4.7%
Koninklijke Philips NV (1)		262		9,779
Medtronic plc		51		5,304
				15,083
Health Care Providers & Services - 3.7%
Cigna Corp.		29		6,693
Fresenius Medical Care AG & Co. KGaA (1)(2)		79		5,134
				11,827
Hotels, Restaurants & Leisure - 9.2%
Booking Holdings, Inc. *		5		11,082
Compass Group plc *(1)		449		10,040
Marriott International, Inc., Class A *		51		8,423
				29,545
Insurance - 2.9%
Arch Capital Group Ltd. *		207		9,222
Interactive Media & Services - 7.7%
Alphabet, Inc., Class C *		6		18,435
Meta Platforms, Inc., Class A *		19		6,376
				24,811
IT Services - 2.3%
Visa, Inc., Class A		34		7,352
Machinery - 0.8%
Otis Worldwide Corp.		31		2,704
Media - 5.2%
Comcast Corp., Class A		201		10,142
Discovery, Inc., Class C *		285		6,536
				16,678
Oil, Gas & Consumable Fuels - 2.9%
EOG Resources, Inc.		105		9,360
Pharmaceuticals - 4.0%
Merck & Co., Inc.		93		7,117
Sanofi(1)		58		5,815
				12,932
Semiconductors & Semiconductor Equipment - 2.3%
NXP Semiconductors NV (1)		32		7,383
Specialty Retail - 2.5%
AutoNation, Inc. *		70		8,180
Technology Hardware, Storage & Peripherals - 3.2%
Samsung Electronics Co. Ltd. (Preference) (1)(2)		173		10,383
Tobacco - 6.5%
Altria Group, Inc.		164		7,779
Philip Morris International, Inc.		91		8,671
Swedish Match AB (1)(2)		569		4,524
				20,974
Trading Companies & Distributors - 2.4%
Air Lease Corp.		172		7,602
Total common stocks (Cost $201,510)				319,978
Total investments - 99.3% (Cost $201,510)				319,978
Other assets less liabilities - 0.7%				2,306
Total net assets - 100.0% (3)			$	322,284

Artisan Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

^*  Non-income producing security.

⁽¹⁾ The Fund considers the company to be from outside the United States. See the Fund’s Statement of Additional Information for a description of the methodology used for country classifications.

Security	Country	Trading Currency
Airbus SE	France	Euro
Cie Generale des Etablissements Michelin SCA	France	Euro
Compass Group plc	United Kingdom	British pound
Fresenius Medical Care AG & Co. KGaA	Germany	Euro
Koninklijke Philips NV	Netherlands	Euro
NXP Semiconductors NV	China	U.S. dollar
Samsung Electronics Co. Ltd.	South Korea	Korean won
Sanofi	France	Euro
Swedish Match AB	Sweden	Swedish krona

⁽²⁾ Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners Funds. In total, securities valued at a fair value were $20,041, or 6.2% of total net assets. See notes (A) and (B) in the accompanying notes.

⁽³⁾ Percentages for the various classifications relate to total net assets.

Company names are as reported by a data service provider and in some cases are translations; a company’s legal name may be different.

Definition
Preference	A special type of equity investment that shares in the earnings of the company and may have a dividend preference. Preference shares may also have liquidation preference.

PORTFOLIO DIVERSIFICATION

Dollar values in thousands

	Value		Percentage of Total Investments
Communication Services	$	54,117		16.9	%
Consumer Discretionary		42,849		13.4
Consumer Staples		20,974		6.6
Energy		16,251		5.1
Financials		59,317		18.5
Health Care		47,975		15.0
Industrials		46,838		14.6
Information Technology		31,657		9.9
Total investments	$	319,978		100.0	%

Artisan Value Fund

Schedule of Investments (continued)

December 31, 2021 (Unaudited)

TRADING CURRENCIES

Dollar values in thousands

	Value		Percentage of Total Investments
British pound	$	10,040		3.2	%
Euro		35,164		11.0
Korean won		10,383		3.2
Swedish krona		4,524		1.4
U.S. dollar		259,867		81.2
Total investments	$	319,978		100.0	%

See notes to N-PORT Part F.

Notes to N-PORT Part F – December 31, 2021 (UNAUDITED)

As of December 31, 2021, Artisan Partners Funds, Inc. (“Artisan Partners Funds”) is a series company comprised of seventeen series and follows specialized accounting and reporting under FASB Accounting Standards Codification Topic 946, Financial Services – Investment Companies.

(A) Valuation:

Valuation – The net asset value (“NAV”) of the shares of each class of each Fund was 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 was open for regular session trading. For financial reporting purposes, information available subsequent to the close of NYSE trading and up to the date of the financial statements was 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 and exchange traded fund (“ETF”) traded on a securities exchange, including the Nasdaq Stock Market, or over-the-counter was 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 was valued using (i) the closing price on another exchange on which the security traded (if such price was made available by a pricing vendor) or (ii) the most recent bid quotation on the principal exchange or, if such bid was not available, from a secondary exchange or in the over-the-counter market. 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. Exchange traded option contracts were 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 were valued at the settlement price as provided by the pricing vendor at the close of trading on the principal exchange. Shares of open-end investment companies were valued at the latest net asset value reported by the investment company. Equity securities acquired in private investments in public equity (“PIPEs”) are generally restricted as to resale and not freely tradeable by the Funds. The securities were generally valued at the common share market price adjusted by a percentage discount due to the restrictions when such securities are unregistered common shares or otherwise convertible into the publicly traded common shares (applying any applicable conversion factors).

Fixed income securities were valued at market value. Market values were 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.

Notes to N-PORT Part F – December 31, 2021 (UNAUDITED) - (continued)

Securities or other assets for which market quotations were not readily available were valued by the Funds’ valuation committee at a fair value determined in good faith under procedures established by and under the general supervision of the board of directors of the Funds. A market quotation was considered to be not readily available, and a Fund therefore used fair value pricing, if, among other things, there were no quotations, pricing data was not provided by an approved pricing vendor, the valuation committee believed that the quotation, price or market value resulting from the Funds’ valuation procedures did not reflect a fair value of the security or asset, or the value of the security or asset might have been materially affected by events occurring after the close of the market in which the security or asset was principally traded but before the time for determination of NAV (a “subsequent event”). A subsequent valuation event could include a company-specific development, a development that might affect an entire market or region, a potentially global development or a significant change in values of market indices, ETFs or other financial instruments in the US or other markets. The Funds monitored for subsequent valuation events using several tools. In fair valuing non-US equity securities and equity-linked securities, the Funds have used adjustment factors provided by a third party valuation service when there were subsequent events or expected or unexpected market closures. The third party valuation service utilized statistical data based on historical performance of securities, markets and other data in developing factors used to estimate a fair value.

When fair value pricing is employed, the value of a security or asset used by a Fund to calculate its NAV may differ from quoted or published prices for the same security or asset. Estimates of fair values utilized by the Funds as described above could differ from the value realized on the sale of those securities or assets in the future and the differences could be material to the NAV of the applicable Fund.

Securities and other assets and liabilities denominated in a foreign currency were translated into U.S. dollars using spot market rate of exchange as of the time of determination of each Fund’s NAV on the day of valuation.

(B) Fair value measurements:

Under US GAAP for fair value measurement, accounting standards clarify the definition of fair value for financial reporting, establish a framework for measuring fair value and require additional disclosures about the use of fair value measurements. In accordance with this standard, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. The standard establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on the market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Funds’ investments. The three-tier hierarchy of inputs is summarized in three broad levels:

• Level 1 – unadjusted quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including but not limited to quoted prices for similar securities, interest rates, credit risks and securities trading primarily outside the US where the applicable trading market was closed or factors were applied to prices as a result of significant market movements following the close of local trading)

• Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining a fair value of investments and discounts for lack of marketability)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk or liquidity associated with investing in those securities. A description of the valuation techniques for the Funds’ major classes of assets are found in Note (A). A description of the fair value leveling techniques are described below:

Equity securities, ETFs, investment companies, exchange traded options contracts and exchange traded futures contracts are generally categorized as Level 1. Bank loans, corporate bonds, equity-linked securities, foreign currency forward contracts, foreign equity securities in which the closing price or bid quotation are adjusted for significant events, or local market holidays or other unscheduled market closures, are generally categorized as Level 2. PIPE investments are generally categorized as Level 3. Securities fair valued in good faith by the valuation committee are generally categorized as Level 2 or 3, depending on the observability of the inputs utilized.

Notes to N-PORT Part F – December 31, 2021 (UNAUDITED) - (continued)

The following table summarizes each Fund’s investments by major security type, based on the inputs used to determine their fair values as of December 31, 2021 (in thousands):

Fund	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs			Total
Developing World
Common Stocks (1)
Developed Markets	$	3,897,068		$	—		$	—		$	3,897,068
Emerging Asia		2,956,692			—			—			2,956,692
Europe, Middle East & Africa		84,809			—			—			84,809
Latin America		444,596			—			—			444,596
Investment Companies		9,044			—			—			9,044
Total Investments	$	7,392,209		$	—		$	—		$	7,392,209
Floating Rate
Corporate Bonds (1)	$	—		$	686		$	—		$	686
Bank Loans (1)		—			16,624			—			16,624
Investment Companies		15,616			—			—			15,616
Total Investments	$	15,616		$	17,310		$	—		$	32,926
Focus
Common Stocks (1)	$	2,310,987		$	—		$	—		$	2,310,987
Options Purchased		106,487			—			—			106,487
Investment Companies		42,486			—			—			42,486
Total Investments		2,459,960			—			—			2,459,960
Foreign Currency Forward Contracts (2)		—			(34	)		—			(34	)
Written Option Contracts		(16,131.00	)		—			—			(16,131	)
Total	$	2,443,829		$	(34	)	$	—		$	2,443,795
Global Discovery
Common Stocks (1)
Americas	$	250,149		$	—		$	—		$	250,149
Emerging Markets		3,306			5,575			—			8,881
Europe		37,330			58,814			—			96,144
Pacific Basin		16,111			15,413			—			31,524
Investment Companies		14,049			—			—			14,049
Total Investments	$	320,945		$	79,802		$	—		$	400,747
Global Equity
Common Stocks (1)
Americas	$	158,608		$	—		$	—		$	158,608
Emerging Markets		19,532			—			—			19,532
Europe		50,434			54,438			—			104,872
Middle East		4,161			—			—			4,161
Pacific Basin		—			12,293			—			12,293
Investment Companies		3,396			—			—			3,396
Total Investments	$	236,131		$	66,731		$	—		$	302,862
Global Opportunities
Common Stocks (1)
Americas	$	3,478,721		$	—		$	—		$	3,478,721
Emerging Markets		36,025			27,808			—			63,833
Europe		319,802			1,150,785			—			1,470,587
Pacific Basin		391,976			194,299			—			586,275
Investment Companies		170,137			—			—			170,137
Total Investments	$	4,396,661		$	1,372,892		$	—		$	5,769,553
Global Value
Common Stocks (1)
Americas	$	1,059,019		$	—		$	—		$	1,059,019
Emerging Markets		98,573			130,383			—			228,956
Europe		533,196			378,061			—			911,257
Pacific Basin		—			64,602			—			64,602
Warrant
Europe		—			2,055			—			2,055
Investment Companies		106,946			—			—			106,946
Total Investments		1,797,734			575,101			—			2,372,835
High Income
Corporate Bonds (1)	$	—		$	4,068,335		$	—		$	4,068,335
Bank Loans (1)		—			2,607,872			—			2,607,872
Common Stock (1)		—			18,836			—			18,836
Investment Companies		228,239			—			—			228,239
Total Investments		228,239			6,695,043			-			6,923,282
Foreign Currency Forward Contracts (2)		—			442			—			442
Futures (2)		(138	)		—			—			(138	)
Total	$	228,101		$	6,695,485		$	—		$	6,923,586
International
Common Stocks and Equity-Linked Security (1)
Americas	$	1,233,898		$	—		$	—		$	1,233,898
Emerging Markets		358,305			132,436			—			490,741
Europe		3,062,703			3,353,783			—			6,416,486
Middle East		314,188			—			—			314,188
Pacific Basin		—			385,475			—			385,475
Total Investments	$	4,969,094		$	3,871,694		$	—		$	8,840,788
International Small-Mid
Common Stocks (1)
Americas	$	1,208,844		$	—		$	—		$	1,208,844
Emerging Markets		252,556			126,426			—			378,982
Europe		1,376,695			1,429,773			—			2,806,468
Middle East		593,667			—			—			593,667
Pacific Basin		9,596			951,912			—			961,508
Investment Companies		334,754			—			—			334,754
Total Investments	$	3,776,112		$	2,508,111		$	—		$	6,284,223
International Value
Common Stocks and Equity-Linked Security (1)
Americas	$	3,265,178		$	282,101		$	—		$	3,547,279
Emerging Markets		2,915,832			2,151,606			—			5,067,438
Europe		7,554,336			5,595,728			—			13,150,064
Pacific Basin		—			279,336			—			279,336
Investment Companies		1,526,214			—			—			1,526,214
Total Investments		15,261,560			8,308,771			—			23,570,331
Foreign Currency Forward Contracts (2)		—			1,779			—			1,779
Total	$	15,261,560		$	8,310,550		$	—		$	23,572,110
Mid Cap
Common Stocks (1)	$	6,739,446		$	170,232		$	—		$	6,909,678
Investment Companies		33,176			—			—			33,176
Total Investments	$	6,772,622		$	170,232		$	—		$	6,942,854
Mid Cap Value
Common Stocks (1)	$	2,014,630		$	—		$	—		$	2,014,630
Investment Companies		33,489			—			—			33,489
Total Investments	$	2,048,119		$	—		$	—		$	2,048,119
Select Equity
Common Stocks (1)	$	22,387		$	2,559		$	—		$	24,946
Investment Companies		2,074			—			—			2,074
Total Investments	$	24,461		$	2,559		$	—		$	27,020
Small Cap
Common Stocks (1)	$	3,558,480		$	—		$	—		$	3,558,480
Total Investments	$	3,558,480		$	—		$	—		$	3,558,480
Sustainable Emerging Markets
Common Stocks (1)
Developed Markets	$	4,480		$	—		$	—	(3)	$	4,480
Emerging Asia		27,700			29,265			—			56,965
Europe, Middle East & Africa		12,951			1,503			—			14,454
Latin America		6,583			5,533			—			12,116
Investment Companies		2,116			—			—			2,116
Total Investments	$	53,830		$	36,301		$	—	(3)	$	90,131
Value
Common Stocks (1)	$	299,937		$	20,041		$	—		$	319,978
Total Investments	$	299,937		$	20,041		$	—		$	319,978

⁽¹⁾ See the Fund’s Schedule of Investments for industry or country classifications.

⁽²⁾ Foreign currency forward contracts and/or futures contracts are valued at unrealized appreciation (depreciation). Amounts shown above are shown as net unrealized appreciation (depreciation). See the Fund’s Schedule of Investments for additional detail.

⁽³⁾ Valued at $0.

Information about Level 3 fair value measurements (dollar values in thousands):

Assets	Fair Value at December 31, 2021			Unobservable Input(s)	Impact to Fair Value from an Increase in Input
Sustainable Emerging Markets Fund
Common Stock	$	—	(1)	Last quote in inactive market less 100% discount		N/A

⁽¹⁾ Includes one or more securities valued at $0.

As of December 31, 2021, the reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value is as follows (in thousands):

	Sustainable Emerging Markets Fund
Balance as of September 30, 2021	$	—	(1)
Transfers into Level 3		—
Net change in unrealized appreciation (depreciation)		—
Purchases		—
Sales		—
Accrued Amortization		—
Realized Gain/(Loss)		—
Transfers out of Level 3		—
Balance as of December 31, 2021	$	—	(1)
Net change in unrealized appreciation (depreciation) for investments held as of December 31, 2021	$	—

⁽¹⁾ Includes one or more securities valued at $0.

Notes to N-PORT Part F – December 31, 2021 (UNAUDITED) - (concluded)

(C) Transactions in securities of affiliates:

The table below shows information about securities of Fund “affiliates” (as defined below) that were held by a Fund, purchased or sold by a Fund, or from which dividends were received by a Fund during the period ended December 31, 2021 (shares and dollar values in thousands). Each Fund identifies a company as an affiliate for the purpose of this report if the Fund owned voting securities that it believed represented 5% or more of that company’s outstanding voting securities (as defined by the 1940 Act) during the period ended December 31, 2021.

Transactions in securities of affiliates:

	As of 09/30/2021															As of 12/31/2021
Funds	Shares Balance		Value		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Net Increase (Decrease) in Unrealized Appreciation or Depreciation			Share Balance		Value		Dividend Income@
International Small-Mid Fund
Carenet, Inc.		3,666	$	45,772									$	(11,629	)		3,666	$	34,143	$	57
CKD Corp.		4,443	$	94,824			$	(1,206	)	$	(288	)	$	(4,236	)		4,384	$	89,094	$	385
Daikokutenbussan Co. Ltd.		965	$	56,662									$	(13,461	)		965	$	43,201
Model N, Inc.*		2,194	$	73,484			$	(1,004	)	$	(492	)	$	(7,162	)		2,159	$	64,826
Raccoon Holdings, Inc.		2,214	$	31,135									$	(3,940	)		2,214	$	27,195	$	175
Radware Ltd.*		2,736	$	92,248	$	1,358	$	(1,107	)	$	51		$	21,204			2,732	$	113,754
Temairazu, Inc.		363	$	20,866			$	(939	)	$	(271	)	$	(4,365	)		344	$	15,291	$	34
Ubicom Holdings, Inc.		928	$	24,206									$	55			928	$	24,261
ViewRay, Inc.*		12,082	$	87,112			$	(1,001	)	$	(181	)	$	(20,322	)		11,907	$	65,608
Total			$	526,309	`$	1,358	$	(5,257	)	$	(1,181	)	$	(43,856	)			$	477,373	$	651
International Value Fund
Arch Capital Group Ltd.*		22,709	$	867,017	$	26,601	$	(1,981	)	$	28		$	143,357			23,285	$	1,035,022
Total			$	867,017	$	26,601	$	(1,981	)	$	28		$	143,357				$	1,035,022	$	—
Small Cap Fund
Vapotherm, Inc.*†		1,323	$	29,455	$	—	$	(1,074	)	$	(663	)	$	(1,357	)		1,273	$	26,361
Total#			$	29,455	$	—	$	(1,074	)	$	(663	)	$	(1,357	)			$	—	$	—

@ Net of foreign taxes withheld, if any.

† Issuer was not an affiliate as of December 31, 2021.

* Non-income producing security.

# Total value as of December 31, 2021 is presented only for those issuers that were affiliates as of December 31, 2021.