# EDGAR Filing Document

**Accession Number:** 0000935015
**File Stem:** 0001752724-23-040198
**Filing Date:** 2023-2
**Character Count:** 254988
**Document Hash:** eebfc7ff1c1d9c5c3709f38050a968fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040198.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040198

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARTISAN PARTNERS FUNDS INC
- **CENTRAL INDEX KEY:** 0000935015
- **IRS NUMBER:** 391811840
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08932
- **FILM NUMBER:** 23666920

**BUSINESS ADDRESS:**
- **STREET 1:** 875 EAST WISCONSIN AVE STE 800
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-390-6100

**MAIL ADDRESS:**
- **STREET 1:** 875 EAST WISCONSIN AVE STE 800
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARTISAN FUNDS INC
- **DATE OF NAME CHANGE:** 19950310

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZIEGLER FUNDS INC
- **DATE OF NAME CHANGE:** 19950109

## Series and Classes Contracts Data

### Artisan Global Value Fund (Series ID: S000019611)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000054562 | Investor Shares      | ARTGX           |
| C000116602 | Institutional Shares | APHGX           |
| C000141339 | Advisor Shares       | APDGX           |

## Nport-Ex

**ARTISAN PARTNERS FUNDS, INC** 

**DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES** 

**for the Schedules of Investments** 

**Investment Footnotes**

\* Non-income producing security

# Percentages for the various classifications relate to total net assets 

---

| | |
|:---|:---|
| ^ | Amount rounds to less than $1, 0.1% or 1 share  |

---

‡ One contract is equal to 100 shares.

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

---

| | |
|:---|:---|
| **Investment abbreviations/descriptions** | **Investment abbreviations/descriptions** |
| ADR | American Depositary Receipt |
| BOA | Bank of America |
| BUBOR | Budapest Interbank Offered Rate |
| CDI | Certificate of Interbank Deposit |
| CITI | Citibank, N.A. |
| ETF | Exchange Traded Fund |
| GDR | Global Depositary Receipt |
| ICE | Intercontinental Exchange |
| JIBAR | Johannesburg Interbank Average Rate |
| JPM | JPMorganChase Bank, N.A. |
| LIBOR | London Interbank Offered Rate |
| NYRS | New York Registry Shares |
| PIK | Payment-In-Kind |
| 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 a liquidation preference. |
| PRIBOR | Prague Interbank Offered Rate |
| SCB | Standard Chartered Bank |
| SOFR | Secured Overnight Financing Rate |
| SPDR | Standard & Poor's Depository Receipts |
| TIIE | Mexican Interbank Equilibrium Interest Rate |
| THOR | Thai Overnight Repurchase Rate |
| UBS AG | Union Bank of Switzerland |
| WIBOR | Warsaw Interbank Offer Rate |

---

---

| | | | |
|:---|:---|:---|:---|
| **Currency abbreviations** | **Currency abbreviations** | **Currency abbreviations** | **Currency abbreviations** |
| AED | Emirati dirham | KRW | Korean won |
| AUD | Australian dollar | KZT | Kazakhstan tenge |
| BRL | Brazilian real | MXN | Mexican peso |
| CAD | Canadian dollar | MYR | Malaysia ringgit |
| CHF | Swiss franc | NOK | Norwegian krone |
| CLP | Chilean peso | PEN | Peruvian nuevo sol |
| CNY | Chinese yuan | PLN | Polish zloty |
| CZK | Czech koruna | RON | Romanian leu |
| DKK | Danish krone | RUB | Russian Ruble |
| DOP | Dominican peso | RSD | Serbian dinar |
| EUR | Euro | SEK | Swedish krona |
| GEL | Georgian lari | SGD | Singapore dollar |
| GBP | British pound | THB | Thailand baht |
| HKD | Hong Kong dollar | TWD | New Taiwan dollar |
| HUF | Hungarian forint | UGX | Ugandan shilling |
| IDR | Indonesian rupiah | USD | U.S. dollar |
| ILS | Israel new shekel | UYU | Uruguayan peso |
| INR | Indian rupee | UZS | Uzbekistani som |
| ISK | Iceland krona | VND | Vietnamese dong |
| JPY | Japanese yen | ZAR | South African rand |
| KES | Kenyan shilling |  |  |

---

------

**Artisan Developing World Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 98.9%** |  |  |
|  **Brazil - 8.9%** |  |  |
|  MercadoLibre, Inc. \* | 218 | $184574 |
|  NU Holdings Ltd., Class A \* | 21253 | 86499 |
|  |  | **271073** |
|  **China - 24.9%** |  |  |
|  Bilibili, Inc., ADR \* | 3237 | 76689 |
|  JD Health International, Inc. \*<sup>(1)</sup> | 7039 | 64373 |
|  Kanzhun Ltd., ADR \* | 1722 | 35087 |
|  KE Holdings, Inc., ADR \* | 5736 | 80068 |
|  Kweichow Moutai Co. Ltd., Class A <sup>(1)</sup> | 388 | 96028 |
|  Meituan, Class B \*<sup>(1)</sup> | 6490 | 143494 |
|  Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A <sup>(1)</sup> | 1592 | 72282 |
|  Tencent Holdings Ltd. <sup>(1)</sup> | 1666 | 70796 |
|  Wuxi Biologics Cayman, Inc. \*<sup>(1)</sup> | 11077 | 85040 |
|  Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A <sup>(1)</sup> | 850 | 35264 |
|  |  | **759121** |
|  **France - 5.4%** |  |  |
|  Hermes International <sup>(1)</sup> | 22 | 34131 |
|  LVMH Moet Hennessy Louis Vuitton SE <sup>(1)</sup> | 130 | 94171 |
|  Sartorius Stedim Biotech <sup>(1)</sup> | 107 | 34974 |
|  |  | **163276** |
|  **India - 3.1%** |  |  |
|  HDFC Bank Ltd., ADR | 1397 | 95596 |
|  **Netherlands - 7.7%** |  |  |
|  Adyen NV \*<sup>(1)</sup> | 104 | 144262 |
|  ASML Holding NV, NYRS | 167 | 91263 |
|  |  | **235525** |
|  **Russia - 0.0%** |  |  |
|  Yandex NV, Class A \*<sup>(1)(2)(3)</sup> | 1677 |  |
|  **Singapore - 7.0%** |  |  |
|  Grab Holdings Ltd., Class A \* | 10599 | 34127 |
|  Sea Ltd., ADR \* | 3432 | 178544 |
|  |  | **212671** |
|  **United States - 41.9%** |  |  |
|  Airbnb, Inc., Class A \* | 2331 | 199260 |
|  Align Technology, Inc. \* | 293 | 61873 |
|  Crowdstrike Holdings, Inc., Class A \* | 1419 | 149363 |
|  Estee Lauder Cos., Inc. (The), Class A | 296 | 73339 |
|  Mastercard, Inc., Class A | 102 | 35404 |
|  Netflix, Inc. \* | 319 | 94119 |
|  NVIDIA Corp. | 1257 | 183770 |
|  Snap, Inc., Class A \* | 8590 | 76878 |
|  Snowflake, Inc., Class A \* | 508 | 72892 |
|  Unity Software, Inc. \* | 3168 | 90580 |
|  Veeva Systems, Inc., Class A \* | 557 | 89956 |
|  Visa, Inc., Class A | 723 | 150161 |
|  |  | **1277595** |
|  **Total common stocks (Cost $2,721,185)** |  | **3014857** |
|  **Total investments - 98.9% (Cost $2,721,185)** |  | **3014857** |
|  **Other assets less liabilities - 1.1%** |  | **34735** |
|  **Total net assets - 100.0% <sup>#</sup>** |  | $**3049592** |

---

------

<sup>(1)</sup> 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 $874,815, or 28.7% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan Developing World Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

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

<sup>(3)</sup> Security is restricted.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition Dates** | **Cost** | **Value** | **Percentage of<br>Total Net Assets** |
|  Yandex NV | 10/13/2016 - 01/25/2022 | $48814 | $– | 0.0% |

---

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $532113 | 17.7% |
|  Consumer Discretionary | 720003 | 23.9 |
|  Consumer Staples | 169367 | 5.6 |
|  Financials | 182095 | 6.0 |
|  Health Care | 379389 | 12.6 |
|  Industrials | 34127 | 1.1 |
|  Information Technology | 917695 | 30.4 |
|  Real Estate | 80068 | 2.7 |
|  **Total investments** | $**3014857** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  CNY | $203574 | 6.7% |
|  EUR | 307538 | 10.2 |
|  HKD | 363703 | 12.1 |
|  USD | 2140042 | 71.0 |
|  **Total investments** | $**3014857** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Emerging Markets Debt Opportunities Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  | **Principal<br>Amount** | **Value** |
|  **SOVEREIGN GOVERNMENT BONDS - 69.9%** | **SOVEREIGN GOVERNMENT BONDS - 69.9%** | **SOVEREIGN GOVERNMENT BONDS - 69.9%** |
|  **Albania - 1.3%** | **Albania - 1.3%** | **Albania - 1.3%** |
|  Republic of Albania 3.50%, 10/9/2025 | 300 | $298 |
|  **Angola - 2.7%** |  |  |
|  Republic of Angola |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 6 Month + 7.50%), 12.64%, 7/1/2023 <sup>(1)</sup> | 458 | 459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.93%, 2/19/2027 | 186 | 169 |
|  |  | **628** |
|  **Armenia - 1.0%** |  |  |
|  Republic of Armenia 3.60%, 2/2/2031 | 290 | 230 |
|  **Benin - 3.3%** |  |  |
|  Benin Government Bond 4.88%, 1/19/2032 | 930 | 771 |
|  **Cameroon - 2.5%** |  |  |
|  Republic of Cameroon 9.50%, 11/19/2025 | 600 | 581 |
|  **Colombia - 1.8%** |  |  |
|  Republic of Colombia 2.63%, 3/15/2023 | 425 | 422 |
|  **Croatia - 1.8%** |  |  |
|  Republic of Croatia 1.75%, 3/4/2041 | 580 | 437 |
|  **Dominican Republic - 6.9%** |  |  |
|  Dominican Republic Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.90%, 2/15/2023 | 39950 | 705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 5/10/2024 | 3700 | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 1/29/2026 | 100 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 6/5/2026 | 16000 | 272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 9/23/2032 | 300 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 1/21/2041 | 150 | 116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 1/30/2060 | 150 | 110 |
|  |  | **1619** |
|  **Egypt - 2.7%** |  |  |
|  Arab Republic of Egypt |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 4/11/2025 | 400 | 381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 9/30/2051 | 400 | 268 |
|  |  | **649** |
|  **El Salvador - 0.5%** |  |  |
|  Republic of El Salvador 7.75%, 1/24/2023 | 120 | 116 |
|  **Georgia - 1.9%** |  |  |
|  Republic of Georgia 8.13%, 1/25/2023 | 1220 | 451 |
|  **Indonesia - 4.0%** |  |  |
|  Republic of Indonesia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 4/15/2032 | 4100000 | 253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 5/15/2036 | 9854000 | 690 |
|  |  | **943** |
|  **Iraq - 4.4%** | **Iraq - 4.4%** | **Iraq - 4.4%** |
|  Republic of Iraq |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 3/9/2023 | $400 | 394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 1/15/2028 | 698 | 642 |
|  |  | **1036** |
|  **Ivory Coast - 1.7%** |  |  |
|  Republic of Cote d'Ivoire 5.25%, 3/22/2030 | 445 | 401 |
|  **Kenya - 0.8%** |  |  |
|  Republic of Kenya 6.88%, 6/24/2024 | 200 | 184 |
|  **Macedonia - 3.9%** |  |  |
|  Republic of North Macedonia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 7/26/2023 | 748 | 799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 1/18/2025 | 120 | 119 |
|  |  | **918** |
|  **Mongolia - 1.7%** |  |  |
|  State of Mongolia 8.75%, 3/9/2024 | 415 | 399 |
|  **Nigeria - 2.8%** |  |  |
|  Federal Republic of Nigeria |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 11/21/2025 <sup>(2)</sup> | 521 | 479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 1/21/2049 | 232 | 173 |
|  |  | **652** |
|  **Papua New Guinea - 1.1%** |  |  |
|  Papua New Guinea Government International Bond 8.38%, 10/4/2028 | 300 | 260 |
|  **Paraguay - 0.8%** |  |  |
|  Republic of Paraguay 4.63%, 1/25/2023 | 205 | 203 |
|  **Peru - 4.5%** |  |  |
|  Bonos de la Tesoreria 6.15%, 8/12/2032 | 4650 | 1075 |
|  **Romania - 7.6%** |  |  |
|  Romania Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 5/26/2028 | 280 | 259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 9/27/2029 <sup>(2)</sup> | 190 | 204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.62%, 5/26/2030 | 660 | 576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 10Y, 8.25%, 9/29/2032 | 2710 | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 4/3/2049 | 200 | 155 |
|  |  | **1782** |
|  **Serbia - 6.6%** |  |  |
|  Republic of Serbia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 4/6/2023 | 89800 | 812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 6/26/2029 | 195 | 149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 3/3/2033 | 905 | 586 |
|  |  | **1547** |

---

------

**Artisan Emerging Markets Debt Opportunities Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  **Uzbekistan - 3.6%** | **Uzbekistan - 3.6%** | **Uzbekistan - 3.6%** |
|  Republic of Uzbekistan 14.50%, 11/25/2023 | 10000000 | 862 |
|  **Total Sovereign Government Bonds (Cost $16,444)** | **Total Sovereign Government Bonds (Cost $16,444)** | **16464** |
|  **CORPORATE BONDS - 11.3%** |  |  |
|  **Brazil - 2.1%** |  |  |
|  MC Brazil Downstream Trading SARL 7.25%, 6/30/2031 | $300 | 247 |
|  Unigel Luxembourg SA 8.75%, 10/1/2026 | 253 | 252 |
|  |  | **499** |
|  **Chile - 1.0%** |  |  |
|  ATP Tower Holdings LLC 4.05%, 4/27/2026 <sup>(2)</sup> | 270 | 238 |
|  **China - 0.5%** |  |  |
|  CAR, Inc. 9.75%, 3/31/2024 | 128 | 110 |
|  **Colombia - 2.8%** |  |  |
|  Aris Mining Corp. 6.88%, 8/9/2026 | 277 | 216 |
|  EnfraGen Energia Sur SA 5.38%, 12/30/2030 | 280 | 196 |
|  Gran Tierra Energy International Holdings Ltd. 6.25%, 2/15/2025 | 275 | 240 |
|  |  | **652** |
|  **Czech Republic - 0.4%** |  |  |
|  Energo-Pro A/S 4.50%, 5/4/2024 | 100 | 100 |
|  **Georgia - 0.9%** |  |  |
|  Georgia Capital JSC 6.13%, 3/9/2024 | 225 | 213 |
|  **Mexico - 1.0%** |  |  |
|  Electricidad Firme de Mexico Holdings SA de CV 4.90%, 11/20/2026 | 277 | 243 |
|  **Nigeria - 1.0%** |  |  |
|  SEPLAT Energy plc 7.75%, 4/1/2026 | 285 | 225 |
|  **Peru - 0.7%** |  |  |
|  PetroTal Corp. 12.00%, 2/16/2024 | 150 | 151 |
|  **Tanzania - 0.9%** |  |  |
|  HTA Group Ltd. 7.00%, 12/18/2025 <sup>(2)</sup> | 240 | 221 |
|  **Total corporate bonds (Cost $2,684)** |  | **2652** |
|  **SHORT-TERM INVESTMENTS - 13.3%** | **SHORT-TERM INVESTMENTS - 13.3%** | **SHORT-TERM INVESTMENTS - 13.3%** |
|  **SOVEREIGN GOVERNMENT TREASURY BILL - 2.8%** | **SOVEREIGN GOVERNMENT TREASURY BILL - 2.8%** | **SOVEREIGN GOVERNMENT TREASURY BILL - 2.8%** |
|  Banco Central del Uruguay 5.13%, 1/4/2023 (Cost $665) <sup>(3)</sup> | 27000 | 675 |
|  **U.S. TREASURY OBLIGATIONS - 7.6%** |  |  |
|  U.S. Treasury Bills 3.66%, 1/3/2023 <sup>(3)</sup> | 900 | 900 |
|  U.S. Treasury Bills 4.10%, 2/28/2023 <sup>(3)</sup> | 900 | 894 |
|  **Total U.S. Treasury Obligations (Cost $1,794)** | **Total U.S. Treasury Obligations (Cost $1,794)** | **1794** |
|  | **Shares Held** |  |
|  **INVESTMENT COMPANIES - 2.9%** |  |  |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04%230 | BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04%230 | 230 |
|  Federated Treasury Obligations Fund - Institutional Class, 4.15%223 | Federated Treasury Obligations Fund - Institutional Class, 4.15%223 | 223 |
|  Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 4.18%223 | Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 4.18%223 | 223 |
|  **Total investment companies (Cost $676)** | **Total investment companies (Cost $676)** | **676** |
|  **Total short-term investments (Cost $3,135)** | **Total short-term investments (Cost $3,135)** | **3145** |
|  **Total investments - 94.5% (Cost $22,263)** | **Total investments - 94.5% (Cost $22,263)** | **22261** |
|  **Other assets less liabilities - 5.5%** | **Other assets less liabilities - 5.5%** | **1293** |
|  **Total net assets - 100.0% <sup>#</sup>** | **Total net assets - 100.0% <sup>#</sup>** | $**23554** |

---

------

<sup>(1)</sup> Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of December 31, 2022.

------

**Artisan Emerging Markets Debt Opportunities Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

<sup>(2)</sup> 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.

<sup>(3)</sup> Yield to maturity.

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Energy | $963 | 4.3% |
|  Financials | 213 | 1 |
|  Foreign Government Securities | 16464 | 73.9 |
|  Industrials | 569 | 2.6 |
|  Materials | 468 | 2.1 |
|  Utilities | 439 | 2 |
|  Short-Term Investment | 3145 | 14.1% |
|  **Total investments** | $**22261** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  DOP | $1043 | 4.7% |
|  EUR | 5235 | 23.5 |
|  GEL | 451 | 2.0 |
|  IDR | 943 | 4.2 |
|  PEN | 1075 | 4.8 |
|  RON | 588 | 2.7 |
|  RSD | 812 | 3.7 |
|  USD | 10577 | 47.5 |
|  UYU | 675 | 3.0 |
|  UZS | 862 | 3.9 |
|  **Total investments** | $**22261** | **100.0%** |

---

**FOREIGN CURRENCY FORWARD CONTRACTS** 

Values in thousands

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |  |
|  HUF | 641534 | EUR |  | 1551 | SCB | 1/3/2023 | $59 |  |
|  IDR<sup>\*\*</sup> | 4013621 | USD |  | 255 | CITI | 1/3/2023 | 3 |  |
|  BRL<sup>\*\*</sup> | 5156 | USD |  | 951 | CITI | 1/4/2023 | 25 |  |
|  USD | 986 | BRL | <sup>\*\*</sup> | 5156 | CITI | 1/4/2023 | 9 |  |
|  PEN<sup>\*\*</sup> | 4091 | USD |  | 1073 | CITI | 1/6/2023 | 4 |  |
|  PLN | 4742 | EUR |  | 996 | SCB | 1/23/2023 | 13 |  |
|  KZT<sup>\*\*</sup> | 410890 | USD |  | 854 | SCB | 2/9/2023 | 25 |  |
|  RON | 775 | EUR |  | 156 | JPM | 2/13/2023 |  | ^ |
|  EUR | 90 | USD |  | 95 | SCB | 3/15/2023 | 1 |  |
|  CZK | 16000 | EUR |  | 652 | SCB | 3/20/2023 | 4 |  |
|  HUF | 641534 | EUR |  | 1554 | SCB | 4/3/2023 | 3 |  |
|  RSD | 38442 | EUR |  | 321 | JPM | 4/28/2023 | 4 |  |
|  UZS<sup>\*\*</sup> | 567859 | USD |  | 49 | JPM | 5/4/2023 | 2 | <sup>(1)</sup> |
|  KES<sup>\*\*</sup> | 123000 | USD |  | 901 | SCB | 12/6/2023 | 62 |  |
|  Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | 214 |  |

---

------

**Artisan Emerging Markets Debt Opportunities Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  EUR | 1604 | HUF | 641534 | SCB | 1/3/2023 | $(3) |
|  USD | 257 | IDR<sup>\*\*</sup> | 4013621 | CITI | 1/3/2023 | (1) |
|  USD | 1064 | PEN<sup>\*\*</sup> | 4091 | CITI | 1/6/2023 | (13) |
|  USD | 611 | RON | 2858 | JPM | 1/9/2023 | (7) |
|  MXN | 11447 | USD | 587 | SCB | 1/31/2023 | (3) |
|  BRL<sup>\*\*</sup> | 5156 | USD | 978 | CITI | 2/2/2023 | (7) |
|  USD | 1070 | PEN<sup>\*\*</sup> | 4091 | CITI | 2/6/2023 | (4) |
|  RON | 7965 | EUR | 1604 | JPM | 2/13/2023 | (1) |
|  USD | 6209 | EUR | 5832 | SCB | 3/15/2023 | (64) |
|  USD | 268 | IDR<sup>\*\*</sup> | 4200000 | CITI | 5/23/2023 | (1) |
|  USD | 254 | IDR<sup>\*\*</sup> | 4013621 | CITI | 6/30/2023 | (3) |
|  Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | (107) |
|  Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | $107 |

---

<sup>\*\*</sup> Non-deliverable.

<sup>(1)</sup> Valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

**FUTURES CONTRACTS** 

Dollar values in thousands

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **No. of<br>Contracts** | **Expiration<br>Date** | **Trading<br>Currency** | **Notional <br>Amount** | **Notional <br>Value** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** |
|  Euro-Bobl | (16) | 3/8/2023 | EUR | $(1600) | $(1982) | $59 |
|  Euro-Bund | (15) | 3/8/2023 | EUR | (1500) | (2134) | 116 |
|  Euro-Schatz | (11) | 3/8/2023 | EUR | (1100) | (1241) | 13 |
|  U.S. Treasury 2 Year Note | (22) | 3/31/2023 | USD | (4400) | (4512) | (5) |
|  U.S. Treasury 5 Year Note | (6) | 3/31/2023 | USD | (600) | (648) | 2 |
|  U.S. Treasury 10 Year Note | (10) | 3/22/2023 | USD | (1000) | (1123) | 6 |
|  U.S. Treasury Long Bond | (3) | 3/22/2023 | USD | (300) | (376) | 3 |
|  Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation |  |  | $194 |

---

------

**Artisan Emerging Markets Debt Opportunities Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**Centrally Cleared Credit Default Swap-Sell Protection** 

(Dollar values in thousands)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Financing Rate<br>(Paid) / Received<br>by the Fund (%)** | **Frequency of<br>Payments<br>Made/Received** | **Termination<br>Date** | **Notional<br>Amount** | **Upfront<br>(Payments)<br>Receipts ($)** | **Unrealized<br>Appreciation<br>(Depreciation) ($)** | **Value ($)** |
|  Republic of South Africa | 1.00 | Quarterly | 6/20/2023 | USD 205 | (1) | 2 | 1 |
|  Total | Total | Total | Total | Total | (1) | 2 | 1 |

---

**Centrally Cleared Interest Rate Swaps** 

(Values in thousands)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Floating Rate Index**<br> **(Frequency)**  | **Fixed Rate (%)<br>(Frequency)** | **Fund**<br>**Pays/<br>Receives**<br>**Floating**<br>**Rate** | **Termination<br>Date** | **Notional Amount** | **Upfront<br>Payments<br>(Receipts)**<br>**($)** | **Unrealized<br>Appreciation<br>(Depreciation)**<br>**($)** | **Value ($)** |
|  1 day CDI at termination | 12.70 at termination | Pay | 1/3/2028 | BRL 2,100 |  | 4 | 4 |
|  Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation |  |  |  | 4 | 4 |
|  4 week TIIE monthly | 8.55 monthly | Pay | 4/2/2027 | MXN 13,500 |  | (8) | (8) |
|  4 week TIIE monthly | 8.65 monthly | Pay | 5/17/2032 | MXN 8,570 |  | (3) | (3) |
|  4 week TIIE monthly | 8.73 monthly | Pay | 6/21/2032 | MXN 7,200 |  |  |  |
|  4 week TIIE monthly | 8.72 monthly | Pay | 9/1/2032 | MXN 9,900 | (5) | 4 | (1) |
|  4 week TIIE monthly | 8.70 monthly | Pay | 11/25/2027 | MXN 8,500 |  | (2) | (2) |
|  3 month JIBAR quarterly | 8.93 quarterly | Pay | 11/30/2032 | ZAR 4,550 |  | (5) | (5) |
|  1 day CDI at termination | 11.39 at termination | Pay | 1/2/2032 | BRL 640 |  | (12) | (12) |
|  1 day CDI at termination | 11.29 at termination | Pay | 1/2/2032 | BRL 750 |  | (15) | (15) |
|  1 day CDI at termination | 11.41 at termination | Pay | 1/2/2026 | BRL 3,950 |  | (27) | (27) |
|  1 day CDI at termination | 11.44 at termination | Pay | 1/3/2028 | BRL 2,400 |  | (24) | (24) |
|  Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation |  |  | (5) | (92) | (97) |
|  Total | Total | Total | Total | Total | (5) | (88) | (93) |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Floating Rate Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Value** |
|  **BANK LOANS - 79.3%** |  |  |
|  **Auto Parts & Equipment - 0.5%** |  |  |
|  Wheel Pros, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 4.50%), 8.82%, 5/11/2028 <sup>(1)</sup> | $343 | $230 |
|  **Building Materials - 0.8%** |  |  |
|  CP Atlas Buyer, Inc. First Lien Term Loan B1 (ICE LIBOR USD 1 Month + 3.50%), 7.88%, 11/23/2027 <sup>(1)</sup> | 410 | 358 |
|  **Chemicals - 1.0%** |  |  |
|  Iris Holding, Inc. First Lien Term Loan (SOFR + 4.75%), 8.94%, 6/28/2028 <sup>(1)</sup> | 499 | 452 |
|  **Commercial Services - 14.3%** |  |  |
|  Digital Room Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 5.25%),<br>9.63%, 12/21/2028 <sup>(1)</sup> | 576 | 493 |
|  Employbridge Holding Co. First Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 4.75%, 9.48%, 7/19/2028 <sup>(1)</sup> | 15 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 4.75%, 9.49%, 7/19/2028 <sup>(1)</sup> | 1480 | 1200 |
|  KUEHG Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 8.48%, 2/21/2025 <sup>(1)</sup> | 2405 | 2304 |
|  National Intergovernmental Purchasing Alliance Co. First Lien Term Loan (SOFR + 3.50%),<br>8.08%, 5/23/2025 <sup>(1)</sup> | 363 | 357 |
|  National Intergovernmental Purchasing Alliance Co. Second Lien Term Loan (SOFR + 7.50%),<br>12.08%, 5/26/2026 <sup>(1)</sup> | 315 | 309 |
|  Neptune BidCo US, Inc. First Lien Term Loan B (SOFR + 5.00%), 8.82%, 4/11/2029 <sup>(1)</sup> | 857 | 763 |
|  Spin Holdco, Inc. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%), 8.77%, 3/4/2028 <sup>(1)</sup> | 750 | 630 |
|  Trans Union LLC First Lien Term Loan B5 (ICE LIBOR USD 1 Month + 1.75%), 6.13%, 11/16/2026 <sup>(1)</sup> | 743 | 732 |
|  |  | **6800** |
|  **Diversified Financial Services - 3.8%** |  |  |
|  Advisor Group Holdings, Inc. First Lien Term Loan B1 (ICE LIBOR USD 1 Month + 4.50%), 8.88%, 7/31/2026 <sup>(1)</sup> | 118 | 116 |
|  Edelman Financial Engines Center LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.88%, 4/7/2028 <sup>(1)</sup> | 638 | 594 |
|  Edelman Financial Engines Center LLC Second Lien Term Loan (ICE LIBOR USD 1 Month + 6.75%), 11.13%, 7/20/2026 <sup>(1)</sup> | 1250 | 1120 |
|  |  | **1830** |
|  **Entertainment - 3.2%** |  |  |
|  Formula One Management Ltd. First Lien Term Loan B (SOFR + 3.25%), 7.57%, 1/15/2030 <sup>(1)</sup> | 1500 | 1498 |
|  **Food - 4.3%** |  |  |
|  B&G Foods, Inc. First Lien Term Loan B4 (ICE LIBOR USD 1 Month + 2.50%), 6.88%, 10/10/2026 <sup>(1)</sup> | 985 | 927 |
|  Dairyland USA Corp. First Lien Term Loan (SOFR + 4.75%), 9.17%, 8/23/2029 <sup>(1)</sup> | 998 | 986 |
|  Shearer's Foods LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.88%, 9/23/2027 <sup>(1)</sup> | 118 | 113 |
|  |  | **2026** |
|  **Food Service - 2.3%** |  |  |
|  TKC Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 5.50%), 9.89%, 5/15/2028 <sup>(1)</sup> | 1212 | 1007 |
|  TKC Midco 1 LLC First Lien Term Loan 12.00% Cash, 13.00% PIK, 2/15/2027 | 187 | 107 |
|  |  | **1114** |
|  **Healthcare-Products - 2.5%** |  |  |
|  Medline Borrower LP First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.63%, 10/23/2028 <sup>(1)</sup> | 1255 | 1191 |
|  **Healthcare-Services - 0.4%** |  |  |
|  Surgery Center Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%),<br>8.05%, 8/31/2026 <sup>(1)</sup> | 183 | 180 |

---

------

**Artisan Floating Rate Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  **Home Furnishings - 0.7%** | **Home Furnishings - 0.7%** | **Home Furnishings - 0.7%** |
|  Weber-Stephen Products LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%),<br>7.63%, 10/30/2027 <sup>(1)</sup> | 401 | 337 |
|  **Household Products/Wares - 2.0%** |  |  |
|  VC GB Holdings I Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.50%), 7.88%, 7/21/2028 <sup>(1)</sup> | 1049 | 943 |
|  **Insurance - 7.5%** |  |  |
|  Acrisure LLC First Lien Term Loan B3 (ICE LIBOR USD 1 Month + 4.25%), 8.63%, 2/15/2027 <sup>(1)</sup> | 233 | 225 |
|  AssuredPartners, Inc. First Lien Term Loan (SOFR + 3.50%), 7.82%, 2/12/2027 <sup>(1)</sup> | 767 | 743 |
|  AssuredPartners, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.50%), 7.88%, 2/12/2027 <sup>(1)</sup> | 573 | 556 |
|  BroadStreet Partners, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%),<br>7.38%, 1/27/2027 <sup>(1)</sup> | 737 | 713 |
|  Hub International Ltd. First Lien Term Loan B (SOFR + 4.00%), 8.22%, 11/10/2029 <sup>(1)</sup> | 500 | 494 |
|  USI, Inc., First Lien Term Loan B (SOFR + 3.75%), 8.33%, 11/22/2029 <sup>(1)</sup> | 802 | 793 |
|  |  | **3524** |
|  **Internet - 1.5%** |  |  |
|  Arches Buyer, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.63%, 12/6/2027 <sup>(1)</sup> | 796 | 735 |
|  **Investment Companies - 2.4%** |  |  |
|  Nexus Buyer LLC Second Lien Term Loan (ICE LIBOR USD 1 Month + 6.25%), 10.63%, 11/5/2029 <sup>(1)</sup> | 1211 | 1118 |
|  **Leisure Time - 3.2%** |  |  |
|  Carnival Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.63%, 10/18/2028 <sup>(1)</sup> | 579 | 541 |
|  MajorDrive Holdings IV LLC First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.00%),<br>8.81%, 6/1/2028 <sup>(1)</sup> | 118 | 111 |
|  NCL Corp., Ltd. First Lien Term Loan A (ICE LIBOR USD 3 Month + 1.75%), 5.42%, 1/2/2024 <sup>(1)</sup> | 957 | 909 |
|  |  | **1561** |
|  **Pharmaceuticals - 1.0%** |  |  |
|  Covetrus, Inc. First Lien Term Loan (SOFR + 5.00%), 9.58%, 10/13/2029 <sup>(1)</sup> | 500 | 467 |
|  **Software - 19.3%** |  |  |
|  Applied Systems, Inc. First Lien Term Loan B (SOFR + 4.50%), 9.08%, 9/18/2026 <sup>(1)</sup> | 232 | 230 |
|  Applied Systems, Inc. Second Lien Term Loan (SOFR + 6.75%), 10.91%, 9/17/2027 <sup>(1)</sup> | 118 | 117 |
|  Central Parent, Inc. First Lien Term Loan B (SOFR + 4.50%), 9.08%, 7/6/2029 <sup>(1)</sup> | 500 | 495 |
|  CommerceHub, Inc. First Lien Term Loan B (SOFR + 4.00%), 7.67%, 12/29/2027 <sup>(1)</sup> | 496 | 454 |
|  CommerceHub, Inc. Second Lien Term Loan B (SOFR + 7.00%), 11.53%, 12/29/2028 <sup>(1)</sup> | 60 | 47 |
|  Epicor Software Corp. First Lien Term Loan C (ICE LIBOR USD 1 Month + 3.25%),<br>7.63%, 7/30/2027 <sup>(1)</sup> | 578 | 554 |
|  Matrix Parent, Inc. First Lien Term Loan (SOFR + 5.00%), 9.55%, 3/1/2029 <sup>(1)</sup> | 924 | 739 |
|  Orchid Finco LLC First Lien Term Loan B (SOFR + 4.75%), 9.58%, 7/27/2027 <sup>(1)</sup> | 818 | 704 |
|  RealPage, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.00%), 7.38%, 4/24/2028 <sup>(1)</sup> | 430 | 408 |
|  Renaissance Holdings Corp. First Lien Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 1 Month + 3.25%), 7.63%, 5/30/2025 <sup>(1)</sup> | 232 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 4.50%), 8.72%, 3/30/2029 <sup>(1)</sup> | 995 | 954 |
|  Renaissance Holdings Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.00%),<br>11.38%, 5/29/2026 <sup>(1)</sup> | 120 | 111 |
|  SS&C Technologies Holdings, Inc. First Lien Term Loan B3 (ICE LIBOR USD 1 Month + 1.75%),<br>6.13%, 4/16/2025 <sup>(1)</sup> | 443 | 434 |

---

------

**Artisan Floating Rate Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  SS&C Technologies Holdings, Inc. First Lien Term Loan B4 (ICE LIBOR USD 1 Month + 1.75%), 6.13%, 4/16/2025 <sup>(1)</sup> | 360 | 353 |
|  UKG, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 3.25%), 7.00%, 5/4/2026 <sup>(1)</sup> | 1932 | 1835 |
|  UKG, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 5.25%), 9.00%, 5/3/2027 <sup>(1)</sup> | 257 | 235 |
|  Virgin Pulse, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.00%), 8.38%, 4/6/2028 <sup>(1)</sup> | 1485 | 1252 |
|  |  | **9143** |
|  **Telecommunications - 6.2%** |  |  |
|  Gridiron Fiber Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.50%), 9.23%, 10/4/2028 <sup>(1)</sup> | 2184 | 1957 |
|  Maxar Technologies, Inc. First Lien Term Loan B (SOFR + 4.25%), 8.67%, 6/14/2029 <sup>(1)</sup> | 995 | 994 |
|  |  | **2951** |
|  **Transportation - 2.4%** |  |  |
|  SIRVA Worldwide, Inc. First Lien Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 5.50%, 9.88%, 8/4/2025 <sup>(1)</sup> | 887 | 785 |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 5.50%, 9.91%, 8/4/2025 <sup>(1)</sup> | 200 | 177 |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 5.50%, 10.23%, 8/4/2025 <sup>(1)</sup> | 176 | 156 |
|  |  | **1118** |
|  **Total bank loans (Cost $39,964)** |  | **37576** |
|  **CORPORATE BONDS - 7.5%** |  |  |
|  **Banks - 1.1%** |  |  |
|  Goldman Sachs Capital II (ICE LIBOR USD 3 Month + 0.77%), 5.53%, 1/30/2023 <sup>(1)(2)</sup> | 720 | 541 |
|  **Diversified Financial Services - 0.4%** |  |  |
|  AG TTMT Escrow Issuer LLC 8.63%, 9/30/2027 <sup>(3)</sup> | 194 | 195 |
|  **Healthcare-Products - 1.0%** |  |  |
|  Medline Borrower LP 3.88%, 4/1/2029 <sup>(3)</sup> | 600 | 484 |
|  **Insurance - 1.7%** |  |  |
|  Acrisure LLC 4.25%, 2/15/2029 <sup>(3)</sup> | 320 | 264 |
|  Ryan Specialty Group LLC 4.38%, 2/1/2030 <sup>(3)</sup> | 650 | 563 |
|  |  | **827** |
|  **Internet - 1.0%** |  |  |
|  Arches Buyer, Inc. 4.25%, 6/1/2028 <sup>(3)</sup> | 585 | 458 |
|  **Machinery-Diversified - 0.2%** |  |  |
|  Chart Industries, Inc. 7.50%, 1/1/2030 <sup>(3)</sup> | 80 | 80 |
|  **Miscellaneous Manufacturing - 1.1%** |  |  |
|  General Electric Co. Series D, (ICE LIBOR USD 3 Month + 3.33%), 8.10%, 3/15/2023 <sup>(1)(2)</sup> | 510 | 501 |
|  **Retail - 1.0%** |  |  |
|  Beacon Roofing Supply, Inc. 4.50%, 11/15/2026 <sup>(3)</sup> | 500 | 467 |
|  **Total corporate bonds (Cost $3,822)** |  | **3553** |
|  | **No. of**<br>**Warrants** |  |
|  **WARRANTS - 0.0%** |  |  |
|  **Diversified Financial Services - 0.0%** |  |  |
|  Carnelian Point Holdings LP, expiring 6/30/2027, strike price 10 (Cost $—) \*<sup>(4)(5)</sup> | 1 |  |
|  | **Shares Held** |  |
|  **SHORT-TERM INVESTMENTS - 9.1%** |  |  |
|  **INVESTMENT COMPANIES - 9.1%** |  |  |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% | 1464 | 1464 |
|  Federated Treasury Obligations Fund - Institutional Class, 4.15% | 1420 | 1420 |
|  Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 4.18% | 1421 | 1421 |
|  **Total short-term investments (Cost $4,305)** |  | **4305** |
|  |  | **Value** |
|  **Total investments - 95.9% (Cost $48,091)** |  | $**45434** |
|  **Other assets less liabilities - 4.1%** |  | **1933** |
|  **Total net assets - 100.0% <sup>#</sup>** |  | $**47367** |

---

------

<sup>(1)</sup> Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of December 31, 2022.

------

**Artisan Floating Rate Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

<sup>(2)</sup> Perpetual security. The rate reflected was the rate in effect on December 31, 2022. The maturity date reflects the next call date.

<sup>(3)</sup> 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.

<sup>(4)</sup> 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 $–, or 0.0% of total net assets. See notes (A) and (B) in the accompanying notes. 

<sup>(5)</sup> Defaulted security.

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $4449 | 9.8% |
|  Consumer Discretionary | 2128 | 4.7 |
|  Consumer Staples | 4083 | 9 |
|  Financials | 8798 | 19.4 |
|  Health Care | 2322 | 5.1 |
|  Industrials | 8561 | 18.8 |
|  Information Technology | 10336 | 22.7 |
|  Materials | 452 | 1 |
|  Short-Term Investments | 4305 | 9.5 |
|  **Total investments** | $**45434** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Focus Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 95.7%** | **COMMON STOCKS - 95.7%** | **COMMON STOCKS - 95.7%** |
|  **Aerospace & Defense - 4.1%** | **Aerospace & Defense - 4.1%** | **Aerospace & Defense - 4.1%** |
|  TransDigm Group, Inc. | 99 | $62156 |
|  **Capital Markets - 5.5%** |  |  |
|  Moody's Corp. | 27 | 7469 |
|  S&P Global, Inc. | 230 | 76991 |
|  |  | **84460** |
|  **Chemicals - 2.2%** |  |  |
|  Air Products and Chemicals, Inc. | 75 | 23264 |
|  Linde plc <sup>(1)</sup> | 31 | 10105 |
|  |  | **33369** |
|  **Communications Equipment - 4.3%** |  |  |
|  Motorola Solutions, Inc. | 255 | 65771 |
|  **Construction & Engineering - 2.6%** |  |  |
|  Quanta Services, Inc. | 280 | 39846 |
|  **Electric Utilities - 9.0%** |  |  |
|  Constellation Energy Corp. | 349 | 30089 |
|  NextEra Energy, Inc. | 1295 | 108244 |
|  |  | **138333** |
|  **Equity Real Estate Investment Trusts (REITs) - 7.6%** |  |  |
|  American Tower Corp. | 398 | 84424 |
|  SBA Communications Corp. | 117 | 32838 |
|  |  | **117262** |
|  **Health Care Equipment & Supplies - 3.8%** |  |  |
|  Dexcom, Inc. \* | 304 | 34425 |
|  Intuitive Surgical, Inc. \* | 92 | 24390 |
|  |  | **58815** |
|  **Health Care Providers & Services - 16.1%** |  |  |
|  Elevance Health, Inc. | 142 | 72947 |
|  McKesson Corp. | 218 | 81958 |
|  UnitedHealth Group, Inc. | 174 | 92323 |
|  |  | **247228** |
|  **Hotels, Restaurants & Leisure - 3.7%** |  |  |
|  Starbucks Corp. | 564 | 55990 |
|  **IT Services - 6.7%** |  |  |
|  Visa, Inc., Class A | 497 | 103232 |
|  **Life Sciences Tools & Services - 1.1%** |  |  |
|  Danaher Corp. | 32 | 8469 |
|  Thermo Fisher Scientific, Inc. | 15 | 8489 |
|  |  | **16958** |
|  **Oil, Gas & Consumable Fuels - 0.5%** |  |  |
|  Cheniere Energy, Inc. | 51 | 7684 |
|  **Personal Products - 1.3%** |  |  |
|  Estee Lauder Cos., Inc. (The), Class A | 82 | 20259 |
|  **Pharmaceuticals - 1.7%** |  |  |
|  Eli Lilly & Co. | 70 | 25737 |
|  **Road & Rail - 7.6%** |  |  |
|  Canadian Pacific Railway Ltd. <sup>(1)</sup> | 1573 | 117365 |
|  **Semiconductors & Semiconductor Equipment - 6.2%** |  |  |
|  Advanced Micro Devices, Inc. \* | 769 | 49802 |
|  NVIDIA Corp. | 310 | 45373 |
|  |  | **95175** |
|  **Software - 4.2%** | **Software - 4.2%** | **Software - 4.2%** |
|  Microsoft Corp. | 130 | 31207 |
|  Oracle Corp. | 397 | 32487 |
|  |  | **63694** |
|  **Textiles, Apparel & Luxury Goods - 1.3%** |  |  |
|  NIKE, Inc., Class B | 170 | 19897 |
|  **Wireless Telecommunication Services - 6.2%** |  |  |
|  T-Mobile US, Inc. \* | 679 | 95085 |
|  **Total common stocks (Cost $1,389,307)** | **Total common stocks (Cost $1,389,307)** | **1468316** |
|  | **No. of<br>Contracts<sup>‡</sup>** |  |
|  **OPTIONS PURCHASED - 1.2%** |  |  |
|  **Call Options - 1.2%** |  |  |
|  **Internet & Direct Marketing Retail - 0.5%** |  |  |
|  Amazon.com, Inc. 9/15/2023 at USD 50.00; Notional Amount: USD 17,069 | 2032 | 7590 |
|  **Personal Products - 0.6%** |  |  |
|  Estee Lauder Cos., Inc. (The) 6/16/2023 at USD 230.00; Notional Amount: USD 65,030 | 2621 | 9855 |
|  **Textiles, Apparel & Luxury Goods - 0.1%** |  |  |
|  NIKE, Inc. 6/16/2023 at USD 120.00; Notional Amount: USD 14,334 | 1225 | 1283 |
|  **Total Call Options** |  | **18728** |
|  **Total Options Purchased (Cost $14,595)** |  | **18728** |
|  | **Shares Held** |  |
|  **SHORT-TERM INVESTMENT - 1.6%** |  |  |
|  **INVESTMENT COMPANY - 1.6%** |  |  |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $25,091) | 25091 | 25091 |
|  **Total investments - 98.5% (Cost $1,428,993)** | **Total investments - 98.5% (Cost $1,428,993)** | **1512135** |
|  **Other assets less liabilities - 1.5%** | **Other assets less liabilities - 1.5%** | **22884** |
|  **Total net assets - 100.0%<sup>#</sup>** | **Total net assets - 100.0%<sup>#</sup>** | $**1535019** |

---

------

**Artisan Focus Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

------

<sup>(1)</sup> 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** |
|  Canadian Pacific Railway Ltd. | Canada | USD |
|  Linde plc | United Kingdom | USD |

---

---

| | | |
|:---|:---|:---|
|  **PORTFOLIO DIVERSIFICATION** | **PORTFOLIO DIVERSIFICATION** | **PORTFOLIO DIVERSIFICATION** |
|  Dollar values in thousands | Dollar values in thousands | Dollar values in thousands |
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $95085 | 6.3% |
|  Consumer Discretionary | 84760 | 5.6 |
|  Consumer Staples | 30114 | 2.0 |
|  Energy | 7685 | 0.5 |
|  Financials | 84460 | 5.6 |
|  Health Care | 348737 | 23.1 |
|  Industrials | 219368 | 14.5 |
|  Information Technology | 327871 | 21.7 |
|  Materials | 33368 | 2.2 |
|  Real Estate | 117262 | 7.7 |
|  Utilities | 138334 | 9.1 |
|  Short-Term Investment | 25091 | 1.7% |
|  **Total investments** | $**1512135** | **100.0%** |

---

**FOREIGN CURRENCY FORWARD CONTRACTS** 

Values in thousands

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  CAD | 55881 | USD | 40921 | JPM | 2/2/2023 | $356 |
|  USD | 156714 | CAD | 210219 | JPM | 2/2/2023 | 1434 |
|  Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | 1790 |
|  CAD | 3326 | USD | 2458 | JPM | 2/2/2023 | (1) |
|  Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | (1) |
|  Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | $1789 |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Global Discovery Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 94.9%** | **COMMON STOCKS - 94.9%** | **COMMON STOCKS - 94.9%** |
|  **Brazil - 2.3%** | **Brazil - 2.3%** | **Brazil - 2.3%** |
|  Hapvida Participacoes e Investimentos SA \*<sup>(1)</sup> | 2141 | $2082 |
|  NU Holdings Ltd., Class A \* | 515 | 2097 |
|  XP, Inc., Class A \* | 85 | 1299 |
|  |  | **5478** |
|  **Canada - 2.1%** |  |  |
|  Altus Group Ltd. | 48 | 1920 |
|  CAE, Inc. \* | 161 | 3117 |
|  |  | **5037** |
|  **China - 0.7%** |  |  |
|  Silergy Corp. <sup>(1)</sup> | 122 | 1730 |
|  **Denmark - 6.1%** |  |  |
|  Ascendis Pharma A/S, ADR \* | 72 | 8822 |
|  Genmab A/S \*<sup>(1)</sup> | 3 | 1437 |
|  Vestas Wind Systems A/S <sup>(1)</sup> | 146 | 4280 |
|  |  | **14539** |
|  **Finland - 1.4%** |  |  |
|  Metso Outotec OYJ <sup>(1)</sup> | 321 | 3311 |
|  **Germany - 3.8%** |  |  |
|  CTS Eventim AG & Co. KGaA \*<sup>(1)</sup> | 64 | 4063 |
|  Gerresheimer AG <sup>(1)</sup> | 58 | 3889 |
|  Puma SE <sup>(1)</sup> | 18 | 1105 |
|  |  | **9057** |
|  **Hong Kong - 3.8%** |  |  |
|  Techtronic Industries Co. Ltd. <sup>(1)</sup> | 817 | 9102 |
|  **Iceland - 0.9%** |  |  |
|  Marel HF <sup>(1)</sup> | 641 | 2208 |
|  **Italy - 2.0%** |  |  |
|  Davide Campari-Milano NV <sup>(1)</sup> | 117 | 1184 |
|  Industrie De Nora SpA \*<sup>(1)</sup> | 76 | 1159 |
|  Moncler SpA <sup>(1)</sup> | 44 | 2338 |
|  |  | **4681** |
|  **Japan - 1.7%** |  |  |
|  Obic Co. Ltd. <sup>(1)</sup> | 27 | 4007 |
|  **Luxembourg - 1.8%** |  |  |
|  Eurofins Scientific SE <sup>(1)</sup> | 58 | 4194 |
|  **Netherlands - 2.5%** |  |  |
|  Argenx SE, ADR \* | 16 | 6000 |
|  **Norway - 1.3%** |  |  |
|  Nordic Semiconductor ASA \*<sup>(1)</sup> | 186 | 3107 |
|  **United Kingdom - 5.8%** |  |  |
|  CNH Industrial NV <sup>(1)</sup> | 452 | 7258 |
|  London Stock Exchange Group plc <sup>(1)</sup> | 52 | 4508 |
|  Smiths Group plc <sup>(1)</sup> | 104 | 2008 |
|  |  | **13774** |
|  **United States - 58.7%** |  |  |
|  Advanced Micro Devices, Inc. \* | 101 | 6546 |
|  Arista Networks, Inc. \* | 31 | 3787 |
|  Atlassian Corp., Class A \* | 30 | 3893 |
|  Bentley Systems, Inc., Class B | 53 | 1969 |
|  Bill.com Holdings, Inc. \* | 20 | 2190 |
|  Boston Scientific Corp. \* | 234 | 10820 |
|  Catalent, Inc. \* | 115 | 5179 |
|  Ceridian HCM Holding, Inc. \* | 37 | 2402 |
|  Cooper Cos., Inc. (The) | 8 | 2672 |
|  Datadog, Inc., Class A \* | 7 | 480 |
|  First Republic Bank | 23 | 2781 |
|  Five Below, Inc. \* | 14 | 2479 |
|  Global Payments, Inc. | 43 | 4249 |
|  Guidewire Software, Inc. \* | 45 | 2818 |
|  HubSpot, Inc. \* | 16 | 4728 |
|  Ingersoll Rand, Inc. | 104 | 5435 |
|  iRhythm Technologies, Inc. \* | 33 | 3096 |
|  Lattice Semiconductor Corp. \* | 110 | 7120 |
|  MACOM Technology Solutions Holdings, Inc. \* | 28 | 1789 |
|  Monolithic Power Systems, Inc. | 7 | 2515 |
|  Morningstar, Inc. | 18 | 3862 |
|  Nasdaq, Inc. | 115 | 7064 |
|  Novanta, Inc. \* | 11 | 1524 |
|  ON Semiconductor Corp. \* | 100 | 6217 |
|  Papa John's International, Inc. | 16 | 1303 |
|  S&P Global, Inc. | 4 | 1403 |
|  Saia, Inc. \* | 6 | 1162 |
|  SVB Financial Group \* | 12 | 2674 |
|  Take-Two Interactive Software, Inc. \* | 17 | 1720 |
|  Teledyne Technologies, Inc. \* | 13 | 5069 |
|  Tradeweb Markets, Inc., Class A | 53 | 3472 |
|  Valmont Industries, Inc. | 21 | 6986 |
|  Veeva Systems, Inc., Class A \* | 73 | 11802 |
|  Workiva, Inc. \* | 49 | 4073 |
|  Zscaler, Inc. \* | 42 | 4741 |
|  |  | **140020** |
|  **Total common stocks (Cost $213,404)** | **Total common stocks (Cost $213,404)** | **226245** |

---

------

**Artisan Global Discovery Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  **SHORT-TERM INVESTMENT - 3.7%** |  |  |
|  **INVESTMENT COMPANY - 3.7%** |  |  |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $8,799) | 8799 | 8799 |
|  **Total investments - 98.6% (Cost $222,203)** | **Total investments - 98.6% (Cost $222,203)** | **235044** |
|  **Other assets less liabilities - 1.4%** | **Other assets less liabilities - 1.4%** | **3272** |
|  **Total net assets - 100.0%<sup>#</sup>** | **Total net assets - 100.0%<sup>#</sup>** | $**238316** |

---

------

**Artisan Global Discovery Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

------

<sup>(1)</sup> 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 $62,970, or 26.4% of total net assets. See notes (A) and (B) in the accompanying notes. 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $5783 | 2.5% |
|  Consumer Discretionary | 7225 | 3.1 |
|  Consumer Staples | 1184 | 0.5 |
|  Financials | 29160 | 12.4 |
|  Health Care | 59993 | 25.5 |
|  Industrials | 46026 | 19.6 |
|  Information Technology | 74954 | 31.9 |
|  Real Estate | 1920 | 0.8 |
|  Short-Term Investment | 8799 | 3.7 |
|  **Total investments** | $**235044** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  BRL | $2082 | 0.9% |
|  CAD | 5037 | 2.1 |
|  DKK | 5717 | 2.4 |
|  EUR | 30709 | 13.1 |
|  GBP | 6516 | 2.8 |
|  HKD | 9102 | 3.9 |
|  JPY | 4007 | 1.7 |
|  NOK | 3107 | 1.3 |
|  TWD | 1730 | 0.7 |
|  USD | 167037 | 71.1 |
|  **Total investments** | $**235044** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Global Equity Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 96.8%** | **COMMON STOCKS - 96.8%** | **COMMON STOCKS - 96.8%** |
|  **Belgium - 1.2%** | **Belgium - 1.2%** | **Belgium - 1.2%** |
|  UCB SA <sup>(1)</sup> | 30 | $2344 |
|  **Canada - 4.4%** |  |  |
|  Canadian National Railway Co. | 18 | 2120 |
|  Canadian Pacific Railway Ltd. | 71 | 5293 |
|  Descartes Systems Group, Inc. (The) \* | 14 | 948 |
|  |  | **8361** |
|  **China - 10.4%** |  |  |
|  Alibaba Group Holding Ltd., ADR \* | 57 | 5037 |
|  ANTA Sports Products Ltd. <sup>(1)</sup> | 105 | 1379 |
|  China Longyuan Power Group Corp. Ltd., Class H <sup>(1)</sup> | 1465 | 1792 |
|  China Tourism Group Duty Free Corp. Ltd., Class A <sup>(1)</sup> | 107 | 3334 |
|  Luckin Coffee, Inc., ADR \* | 76 | 1667 |
|  Trip.com Group Ltd., ADR \* | 119 | 4087 |
|  Wuliangye Yibin Co. Ltd., Class A <sup>(1)</sup> | 104 | 2680 |
|  |  | **19976** |
|  **Denmark - 5.9%** |  |  |
|  Ascendis Pharma A/S, ADR \* | 22 | 2637 |
|  Novo Nordisk A/S, ADR | 7 | 963 |
|  Novo Nordisk A/S, Class B <sup>(1)</sup> | 29 | 3968 |
|  ROCKWOOL A/S, Class B <sup>(1)</sup> | 16 | 3788 |
|  |  | **11356** |
|  **Finland - 0.6%** |  |  |
|  Neste OYJ <sup>(1)</sup> | 26 | 1211 |
|  **France - 4.5%** |  |  |
|  BNP Paribas SA <sup>(1)</sup> | 59 | 3352 |
|  EssilorLuxottica SA <sup>(1)</sup> | 4 | 795 |
|  LVMH Moet Hennessy Louis Vuitton SE <sup>(1)</sup> | 4 | 2940 |
|  Pernod Ricard SA <sup>(1)</sup> | 7 | 1434 |
|  |  | **8521** |
|  **Germany - 1.9%** |  |  |
|  Deutsche Telekom AG <sup>(1)</sup> | 114 | 2278 |
|  Dr Ing hc F Porsche AG (Preference) \*<sup>(1)</sup> | 13 | 1346 |
|  |  | **3624** |
|  **Hong Kong - 0.2%** |  |  |
|  AIA Group Ltd. <sup>(1)</sup> | 37 | 412 |
|  **India - 1.0%** |  |  |
|  Reliance Industries Ltd. <sup>(1)</sup> | 63 | 1926 |
|  **Italy - 2.7%** |  |  |
|  BFF Bank SpA <sup>(1)</sup> | 644 | 5105 |
|  **Japan - 1.2%** | **Japan - 1.2%** | **Japan - 1.2%** |
|  Azbil Corp. <sup>(1)</sup> | 95 | 2393 |
|  **Netherlands - 7.0%** |  |  |
|  Adyen NV \*<sup>(1)</sup> | 1 | 721 |
|  Argenx SE, ADR \* | 14 | 5461 |
|  Argenx SE \*<sup>(1)</sup> | 0 | 50 |
|  ING Groep NV <sup>(1)</sup> | 321 | 3911 |
|  Shell plc <sup>(1)</sup> | 115 | 3257 |
|  |  | **13400** |
|  **Norway - 0.6%** |  |  |
|  Volue ASA \*<sup>(1)</sup> | 377 | 1082 |
|  **Russia - 0.0%** |  |  |
|  MMC Norilsk Nickel PJSC, ADR <sup>(1)(2)(3)</sup> | 136 |  |
|  Sberbank of Russia PJSC \*<sup>(1)(2)(3)</sup> | 1137 |  |
|  **Singapore - 2.3%** |  |  |
|  DBS Group Holdings Ltd. <sup>(1)</sup> | 80 | 2036 |
|  United Overseas Bank Ltd. <sup>(1)</sup> | 102 | 2336 |
|  |  | **4372** |
|  **Spain - 1.6%** |  |  |
|  Ferrovial SA <sup>(1)</sup> | 114 | 2982 |
|  **Sweden - 1.6%** |  |  |
|  Nibe Industrier AB, Class B <sup>(1)</sup> | 319 | 2982 |
|  **Switzerland - 3.1%** |  |  |
|  Cie Financiere Richemont SA <sup>(1)</sup> | 17 | 2226 |
|  UBS Group AG <sup>(1)</sup> | 199 | 3713 |
|  |  | **5939** |
|  **Taiwan - 0.1%** |  |  |
|  Taiwan Semiconductor Manufacturing Co. Ltd. <sup>(1)</sup> | 12 | 175 |
|  **United Arab Emirates - 0.5%** |  |  |
|  Americana Restaurants International plc \*<sup>(1)</sup> | 1133 | 916 |
|  **United Kingdom - 5.6%** |  |  |
|  AstraZeneca plc, ADR | 31 | 2075 |
|  AstraZeneca plc <sup>(1)</sup> | 12 | 1637 |
|  BAE Systems plc <sup>(1)</sup> | 190 | 1968 |
|  Linde plc <sup>(1)</sup> | 4 | 1368 |
|  TechnipFMC plc \* | 119 | 1451 |
|  Unilever plc <sup>(1)</sup> | 42 | 2117 |
|  |  | **10616** |
|  **United States - 40.4%** |  |  |
|  Amazon.com, Inc. \* | 52 | 4368 |
|  Aon plc, Class A | 9 | 2840 |
|  Arthur J Gallagher & Co. | 4 | 843 |
|  Baker Hughes Co. | 102 | 3014 |
|  Booking Holdings, Inc. \* | 2 | 3613 |
|  Carrier Global Corp. | 86 | 3562 |

---

------

**Artisan Global Equity Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  Charles River Laboratories International, Inc. \* | 7 | 1548 |
|  Chesapeake Energy Corp. | 28 | 2610 |
|  Cigna Corp. | 8 | 2506 |
|  Darling Ingredients, Inc. \* | 58 | 3657 |
|  Halozyme Therapeutics, Inc. \* | 179 | 10184 |
|  Intercontinental Exchange, Inc. | 45 | 4597 |
|  Intuit, Inc. | 5 | 2091 |
|  Natera, Inc. \* | 28 | 1121 |
|  Norfolk Southern Corp. | 16 | 3916 |
|  Schlumberger Ltd. | 186 | 9954 |
|  Stryker Corp. | 13 | 3161 |
|  TJX Cos., Inc. (The) | 45 | 3595 |
|  T-Mobile US, Inc. \* | 44 | 6183 |
|  Trane Technologies plc | 15 | 2567 |
|  Visa, Inc., Class A | 7 | 1383 |
|  |  | **77313** |
|  **Total common stocks (Cost $175,374)** | **Total common stocks (Cost $175,374)** | **185006** |
|  **SHORT-TERM INVESTMENT - 2.2%** |  |  |
|  **INVESTMENT COMPANY - 2.2%** |  |  |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $4,256) | 4256 | 4256 |
|  **Total investments - 99.0% (Cost $179,630)** | **Total investments - 99.0% (Cost $179,630)** | **189262** |
|  **Other assets less liabilities - 1.0%** | **Other assets less liabilities - 1.0%** | **1896** |
|  **Total net assets - 100.0% <sup>#</sup>** | **Total net assets - 100.0% <sup>#</sup>** | $**191158** |

---

------

<sup>(1)</sup> 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 $75,954, or 39.7% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan Global Equity Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

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

<sup>(3)</sup> Security is restricted.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition Dates** | **Cost** | **Value** | **Percentage of**<br>**Total Net Assets** |
|  MMC Norilsk Nickel PJSC | 11/09/2020 - 01/14/2022 | $4291 | $– | 0.0% |
|  Sberbank of Russia PJSC | 09/16/2021 - 02/11/2022 | 4750 | – | 0.0% |

---

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  Communication Services | $8461 | 4.5% |
|  Consumer Discretionary | 34508 | 18.2 |
|  Consumer Staples | 9888 | 5.2 |
|  Energy | 23423 | 12.4 |
|  Financials | 29145 | 15.4 |
|  Health Care | 38450 | 20.3 |
|  Industrials | 29178 | 15.4 |
|  Information Technology | 8793 | 4.7 |
|  Materials | 1368 | 0.7 |
|  Utilities | 1792 | 1 |
|  Short-Term Investment | 4256 | 2.2 |
|  **Total investments** | $**189262** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  AED | $916 | 0.5% |
|  CAD | 8361 | 4.4 |
|  CHF | 5939 | 3.1 |
|  CNY | 6014 | 3.2 |
|  DKK | 7756 | 4.1 |
|  EUR | 29837 | 15.8 |
|  GBP | 8979 | 4.7 |
|  HKD | 3583 | 1.9 |
|  INR | 1926 | 1 |
|  JPY | 2393 | 1.3 |
|  NOK | 1082 | 0.6 |
|  RUB | 0 | 0 |
|  SEK | 2982 | 1.6 |
|  SGD | 4372 | 2.3 |
|  TWD | 175 | 0.1 |
|  USD | 104947 | 55.4 |
|  **Total investments** | $**189262** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Global Opportunities Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 95.2%** | **COMMON STOCKS - 95.2%** | **COMMON STOCKS - 95.2%** |
|  **Brazil - 1.0%** | **Brazil - 1.0%** | **Brazil - 1.0%** |
|  NU Holdings Ltd., Class A \* | 6872 | $27971 |
|  **Denmark - 6.7%** | **Denmark - 6.7%** | **Denmark - 6.7%** |
|  Genmab A/S \*<sup>(1)</sup> | 74 | 31320 |
|  Novo Nordisk A/S, Class B <sup>(1)</sup> | 775 | 104909 |
|  Vestas Wind Systems A/S <sup>(1)</sup> | 1761 | 51448 |
|  |  | **187677** |
|  **Germany - 1.2%** | **Germany - 1.2%** | **Germany - 1.2%** |
|  BioNTech SE, ADR | 226 | 34022 |
|  **Hong Kong - 7.3%** | **Hong Kong - 7.3%** | **Hong Kong - 7.3%** |
|  AIA Group Ltd. <sup>(1)</sup> | 6122 | 67446 |
|  Techtronic Industries Co. Ltd. <sup>(1)</sup> | 12494 | 139118 |
|  |  | **206564** |
|  **Japan - 4.0%** | **Japan - 4.0%** | **Japan - 4.0%** |
|  Hoya Corp. <sup>(1)</sup> | 446 | 43134 |
|  Keyence Corp. <sup>(1)</sup> | 182 | 71136 |
|  |  | **114270** |
|  **Netherlands - 1.2%** | **Netherlands - 1.2%** | **Netherlands - 1.2%** |
|  Adyen NV \*<sup>(1)</sup> | 25 | 35012 |
|  **Spain - 0.6%** | **Spain - 0.6%** | **Spain - 0.6%** |
|  Banco Bilbao Vizcaya Argentaria SA <sup>(1)</sup> | 2676 | 16158 |
|  **Sweden - 3.7%** | **Sweden - 3.7%** | **Sweden - 3.7%** |
|  Hexagon AB, Class B <sup>(1)</sup> | 5360 | 56346 |
|  Telefonaktiebolaget LM Ericsson, Class B <sup>(1)</sup> | 8139 | 47663 |
|  |  | **104009** |
|  **Switzerland - 7.4%** | **Switzerland - 7.4%** | **Switzerland - 7.4%** |
|  Cie Financiere Richemont SA <sup>(1)</sup> | 216 | 27935 |
|  Lonza Group AG <sup>(1)</sup> | 207 | 101967 |
|  UBS Group AG <sup>(1)</sup> | 4253 | 79265 |
|  |  | **209167** |
|  **United Kingdom - 8.7%** | **United Kingdom - 8.7%** | **United Kingdom - 8.7%** |
|  AstraZeneca plc <sup>(1)</sup> | 730 | 99029 |
|  CNH Industrial NV <sup>(1)</sup> | 5364 | 86153 |
|  London Stock Exchange Group plc <sup>(1)</sup> | 686 | 59185 |
|  |  | **244367** |
|  **United States - 53.4%** | **United States - 53.4%** | **United States - 53.4%** |
|  Advanced Micro Devices, Inc. \* | 1827 | 118338 |
|  Airbnb, Inc., Class A \* | 460 | 39341 |
|  Alphabet, Inc., Class A \* | 926 | 81690 |
|  Amazon.com, Inc. \* | 288 | 24208 |
|  Aptiv plc \* | 294 | 27403 |
|  Arista Networks, Inc. \* | 358 | 43489 |
|  Atlassian Corp., Class A \* | 498 | 64127 |
|  Boston Scientific Corp. \* | 2726 | 126153 |
|  Charles Schwab Corp. (The) | 1136 | 94612 |
|  Chipotle Mexican Grill, Inc. \* | 43 | 60279 |
|  CoStar Group, Inc. \* | 273 | 21082 |
|  Danaher Corp. | 297 | 78749 |
|  Ingersoll Rand, Inc. | 1097 | 57323 |
|  Intuit, Inc. | 45 | 17402 |
|  Lowe's Cos., Inc. | 182 | 36197 |
|  Lululemon Athletica, Inc. \* | 211 | 67630 |
|  Netflix, Inc. \* | 96 | 28242 |
|  NextEra Energy, Inc. | 1721 | 143888 |
|  ON Semiconductor Corp. \* | 948 | 59132 |
|  Progressive Corp. (The) | 613 | 79572 |
|  S&P Global, Inc. | 42 | 14162 |
|  SVB Financial Group \* | 133 | 30701 |
|  Tesla, Inc.\* | 79 | 9674 |
|  Veeva Systems, Inc., Class A \* | 899 | 145027 |
|  Zscaler, Inc. \* | 330 | 36977 |
|  |  | **1505398** |
|  **Total common stocks (Cost $2,037,040)** | **Total common stocks (Cost $2,037,040)** | **2684615** |
|  **SHORT-TERM INVESTMENT - 3.2%** | **SHORT-TERM INVESTMENT - 3.2%** | **SHORT-TERM INVESTMENT - 3.2%** |
|  **INVESTMENT COMPANY - 3.2%** | **INVESTMENT COMPANY - 3.2%** | **INVESTMENT COMPANY - 3.2%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $89,203) | 89203 | 89203 |
|  **Total investments - 98.4% (Cost $2,126,243)** | **Total investments - 98.4% (Cost $2,126,243)** | **2773818** |
|  **Other assets less liabilities - 1.6%** | **Other assets less liabilities - 1.6%** | **43763** |
|  **Total net assets - 100.0% <sup>#</sup>** | **Total net assets - 100.0% <sup>#</sup>** | $**2817581** |

---

------

<sup>(1)</sup> 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 $1,117,224, or 39.7% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan Global Opportunities Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $109932 | 4.0% |
|  Consumer Discretionary | 292667 | 10.5 |
|  Financials | 469072 | 16.9 |
|  Health Care | 764310 | 27.6 |
|  Industrials | 355124 | 12.8 |
|  Information Technology | 549622 | 19.8 |
|  Utilities | 143888 | 5.2 |
|  Short-Term Investment | 89203 | 3.2 |
|  **Total investments** | $**2773818** | **100.0%** |

---

---

| |
|:---|
|  **TRADING CURRENCIES** |
|  Dollar values in thousands |

---

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  CHF | $209167 | 7.5% |
|  DKK | 187677 | 6.8 |
|  EUR | 137323 | 5.0 |
|  GBP | 158214 | 5.7 |
|  HKD | 206564 | 7.5 |
|  JPY | 114270 | 4.1 |
|  SEK | 104009 | 3.7 |
|  USD | 1656594 | 59.7 |
|  **Total investments** | $**2773818** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Global Unconstrained Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal<br>Amount** | **Principal<br>Amount** | **Value** |
|  **SOVEREIGN GOVERNMENT BONDS - 69.8%** |  |  |  |
|  **Albania - 1.2%** |  |  |  |
|  Republic of Albania 3.50%, 10/9/2025 | EUR | 200 | $198 |
|  **Angola - 2.4%** |  |  |  |
|  Republic of Angola (ICE LIBOR USD 6 Month + 7.50%), 12.64%, 7/1/2023 <sup>(1)</sup> |  | 300 | 301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.93%, 2/19/2027 |  | 103 | 93 |
|  |  |  | **394** |
|  **Armenia - 1.0%** |  |  |  |
|  Republic of Armenia 3.60%, 2/2/2031 |  | 210 | 167 |
|  **Benin - 3.3%** |  |  |  |
|  Benin Government Bond 4.88%, 1/19/2032 | EUR | 650 | 539 |
|  **Bolivia - 1.9%** |  |  |  |
|  Plurinational State of Bolivia 5.95%, 8/22/2023 |  | 315 | 311 |
|  **Brazil - 0.6%** |  |  |  |
|  Notas do Tesouro Nacional 10.00%, 1/1/2031 | BRL | 540 | 89 |
|  **Cameroon - 2.4%** |  |  |  |
|  Republic of Cameroon 9.50%, 11/19/2025 |  | 400 | 387 |
|  **Colombia - 1.7%** |  |  |  |
|  Republic of Colombia 2.63%, 3/15/2023 |  | 275 | 273 |
|  **Croatia - 1.9%** |  |  |  |
|  Republic of Croatia 1.75%, 3/4/2041 | EUR | 400 | 301 |
|  **Dominican Republic - 6.5%** |  |  |  |
|  Dominican Republic Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.90%, 2/15/2023 | DOP | 22350 | 394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 5/10/2024 | DOP | 4700 | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 6/5/2026 | DOP | 5500 | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 9/23/2032 |  | 300 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 1/21/2041 |  | 150 | 116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 1/30/2060 |  | 150 | 110 |
|  |  |  | **1046** |
|  **Egypt - 5.0%** |  |  |  |
|  Arab Republic of Egypt |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 4/16/2026 | EUR | 750 | 666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 9/30/2051 |  | 200 | 134 |
|  |  |  | **800** |
|  **El Salvador - 0.5%** |  |  |  |
|  Republic of El Salvador 7.75%, 1/24/2023 |  | 85 | 82 |
|  **Georgia - 2.0%** |  |  |  |
|  Republic of Georgia 8.13%, 1/25/2023 | GEL | 860 | 318 |
|  **Iceland - 4.7%** |  |  |  |
|  Republic of Iceland 1.50%, 5/15/2023 | ISK | 109596 | 760 |
|  **Iraq - 4.5%** |  |  |  |
|  Republic of Iraq |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 3/9/2023 |  | 400 | 394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 1/15/2028 |  | 358 | 329 |
|  |  |  | **723** |
|  **Ivory Coast - 1.3%** |  |  |  |
|  Republic of Cote d'Ivoire 5.38%, 7/23/2024 |  | 215 | 207 |
|  **Kenya - 1.1%** |  |  |  |
|  Republic of Kenya 6.88%, 6/24/2024 |  | 200 | 183 |
|  **Macedonia - 4.5%** |  |  |  |
|  Republic of North Macedonia |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 7/26/2023 | EUR | 580 | 619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 1/18/2025 | EUR | 100 | 100 |
|  |  |  | **719** |
|  **Mongolia - 1.5%** |  |  |  |
|  State of Mongolia 8.75%, 3/9/2024 |  | 260 | 250 |
|  **Nigeria - 2.5%** |  |  |  |
|  Federal Republic of Nigeria |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 11/21/2025<sup>(2)</sup> |  | 286 | 263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 9/28/2051 |  | 210 | 140 |
|  |  |  | **403** |
|  **Papua New Guinea - 1.1%** |  |  |  |
|  Papua New Guinea Government International Bond 8.38%, 10/4/2028 |  | 200 | 174 |
|  **Paraguay - 0.7%** |  |  |  |
|  Republic of Paraguay 4.63%, 1/25/2023 |  | 115 | 114 |
|  **Peru - 2.1%** |  |  |  |
|  Bonos de la Tesoreria 6.15%, 8/12/2032 | PEN | 1500 | 347 |
|  **Romania - 6.3%** |  |  |  |
|  Romania Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 5/26/2028 | EUR | 200 | 185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 9/27/2029 <sup>(2)</sup> | EUR | 130 | 140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.62%, 5/26/2030 | EUR | 450 | 393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 10Y, 8.25%, 9/29/2032 | RON | 1050 | 228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 4/3/2049 | EUR | 100 | 77 |
|  |  |  | **1023** |
|  **Serbia - 7.4%** |  |  |  |
|  Republic of Serbia |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 4/6/2023 | RSD | 75500 | 683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 6/26/2029 | EUR | 200 | 153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 3/3/2033 | EUR | 550 | 356 |
|  |  |  | **1192** |
|  **Uzbekistan - 1.7%** |  |  |  |
|  Republic of Uzbekistan  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.50%, 11/25/2023 <sup>(2)</sup> | UZS | 330000 | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.50%, 11/25/2023  | UZS | 2800000 | 241 |
|  |  |  | **270** |
|  **Total Sovereign Government Bonds (Cost $11,092)** |  |  | **11270** |

---

------

**Artisan Global Unconstrained Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  **CORPORATE BONDS - 12.7%** |  |  |
|  **Brazil - 1.9%** |  |  |
|  MC Brazil Downstream Trading SARL 7.25%, 6/30/2031 | 200 | 165 |
|  Unigel Luxembourg SA 8.75%, 10/1/2026 | 140 | 139 |
|  |  | **304** |
|  **Chile - 1.1%** |  |  |
|  ATP Tower Holdings LLC 4.05%, 4/27/2026 <sup>(2)</sup> | 200 | 176 |
|  **China - 0.4%** |  |  |
|  CAR, Inc. 9.75%, 3/31/2024 | 72 | 62 |
|  **Colombia - 2.8%** |  |  |
|  Aris Mining Corp. 6.88%, 8/9/2026 | 200 | 156 |
|  EnfraGen Energia Sur SA 5.38%, 12/30/2030 | 200 | 140 |
|  Gran Tierra Energy International Holdings Ltd. 6.25%, 2/15/2025 | 179 | 156 |
|  |  | **452** |
|  **Czech Republic - 0.6%** |  |  |
|  Energo-Pro A/S 4.50%, 5/4/2024 | 100 | 100 |
|  **Georgia - 1.2%** |  |  |
|  Georgia Capital JSC 6.13%, 3/9/2024 | 200 | 190 |
|  **Mexico - 1.0%** |  |  |
|  Electricidad Firme de Mexico Holdings SA de CV 4.90%, 11/20/2026 | 186 | 163 |
|  **Nigeria - 1.0%** |  |  |
|  SEPLAT Energy plc 7.75%, 4/1/2026 | 200 | 158 |
|  **Peru - 0.6%** |  |  |
|  PetroTal Corp. 12.00%, 2/16/2024 <sup>(2)</sup> | 100 | 101 |
|  **Tanzania - 1.1%** |  |  |
|  HTA Group Ltd. 7.00%, 12/18/2025 <sup>(2)</sup> | 200 | 184 |
|  **Uzbekistan - 1.0%** |  |  |
|  Uzauto Motors AJ 4.85%, 5/4/2026 | 200 | 165 |
|  **Total corporate bonds (Cost $2,050)** |  | **2055** |
|  | **Shares Held** |  |
|  **COMMON STOCK - 0.3%** |  |  |
|  **Georgia - 0.3%** |  |  |
|  Georgia Capital plc (Cost $31) \*<sup>(3)</sup> | 5 | 40 |
|  **EXCHANGE TRADED FUND - 0.2%** |  |  |
|  **Equity Funds** |  |  |
|  **SPDR S&P 500 ETF Trust (Cost $36)** |  | 34 |
|  | **Principal<br>Amount** |  |
|  **SHORT-TERM INVESTMENTS - 22.7%** |  |  |
|  **U.S. TREASURY OBLIGATIONS - 1.5%** |  |  |
|  U.S. Treasury Bills 3.73%, 1/3/2023 <sup>(4)</sup> | $50 | 50 |
|  U.S. Treasury Bills 3.94%, 2/21/2023 <sup>(4)</sup> | 100 | 100 |
|  U.S. Treasury Bills 4.10%, 2/28/2023 <sup>(4)</sup> | 100 | 99 |
|  **Total U.S. Treasury Obligations (Cost $249)** |  | **249** |
|  **REPURCHASE AGREEMENTS - 16.8%** |  |  |
|  JPMorgan Chase Bank, N.A., Dated 12/15/22, with an interest rate of 2.75% payable by the Portfolio, collateralized by Par 550 Arab Republic of Egypt, 3.88% due 2/16/2026 and a market value of $458 <sup>(6)</sup> | 492 | 492 |
|  JPMorgan Chase Bank, N.A., Dated 12/15/22, with an interest rate of 3.25% payable by the Portfolio, collateralized by Par 500 Republic of Paraguay, 4.70% due 3/27/2027 and a market value of $495 <sup>(6)</sup> | 526 | 526 |

---

------

**Artisan Global Unconstrained Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  JPMorgan Chase Bank, N.A., Dated 12/15/22, with an interest rate of 3.35% payable by the Portfolio, collateralized by Par 600 Republic of Guatemala, 4.50% due 5/3/2026 and a market value of $580 <sup>(6)</sup> | 613 | 613 |
|  JPMorgan Chase Bank, N.A., Dated 12/15/22, with an interest rate of 3.95% payable by the Portfolio, collateralized by Par 550 Oriental Republic of Uruguay, 4.38% due 10/27/2027 and a market value of $557 <sup>(6)</sup> | 590 | 590 |
|  Merrill Lynch Pierce Fenner & Smith, Inc., Dated 12/15/22, with an interest rate of 2.25% payable by the Portfolio, collateralized by Par 500 Plurinational State of Bolivia, 7.50% due 3/2/2030 and a market value of $459 <sup>(6)</sup> | 486 | 485 |
|  **Total Repurchase Agreements (Cost $2,706)** | **Total Repurchase Agreements (Cost $2,706)** | **2706** |
|  | **Shares Held** |  |
|  **INVESTMENT COMPANIES - 4.4%** | **INVESTMENT COMPANIES - 4.4%** | **INVESTMENT COMPANIES - 4.4%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% | 242 | 242 |
|  Federated Treasury Obligations Fund - Institutional Class, 4.15% | 234 | 234 |
|  Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 4.18% | 235 | 235 |
|  **Total investment companies (Cost $711)** | **Total investment companies (Cost $711)** | **711** |
|  **Total short-term investments (Cost $3,666)** |  | **3666** |
|  **Total investments - 105.7% (Cost $16,875)** | **Total investments - 105.7% (Cost $16,875)** | **17065** |
|  **SECURITIES SOLD SHORT - (16.3)%** | **SECURITIES SOLD SHORT - (16.3)%** | **SECURITIES SOLD SHORT - (16.3)%** |
|  **COMMON STOCK - (0.5)%** | **COMMON STOCK - (0.5)%** | **COMMON STOCK - (0.5)%** |
|  **United Kingdom - (0.5)%** | **United Kingdom - (0.5)%** | **United Kingdom - (0.5)%** |
|  Ashmore Group plc (Proceeds $(74)) <sup>(3)</sup> | (29) | (83) |
|  | **Principal<br>Amount** |  |
|  **SOVEREIGN GOVERNMENT BONDS - (15.8)%** | **SOVEREIGN GOVERNMENT BONDS - (15.8)%** | **SOVEREIGN GOVERNMENT BONDS - (15.8)%** |
|  **Bolivia - (2.8)%** | **Bolivia - (2.8)%** | **Bolivia - (2.8)%** |
|  Plurinational State of Bolivia 7.50%, 3/2/2030 <sup>(5)</sup> | $(500) | (459) |
|  **Egypt - (2.8)%** |  |  |
|  Arab Republic of Egypt 3.88%, 2/16/2026 <sup>(5)</sup> | (550) | (458) |
|  **Guatemala - (3.6)%** |  |  |
|  Republic of Guatemala 4.50%, 5/3/2026 <sup>(5)</sup> | (600) | (580) |
|  **Paraguay - (3.1)%** |  |  |
|  Republic of Paraguay 4.70%, 3/27/2027 <sup>(5)</sup> | (500) | (495) |
|  **Uruguay - (3.5)%** |  |  |
|  Oriental Republic of Uruguay 4.38%, 10/27/2027 <sup>(5)</sup> | (550) | (557) |
|  **Total Sovereign Government Bonds (Proceeds $(2541))** |  | **(2549)** |
|  **Total securities sold short (Proceeds (2615))** |  | **(2632)** |
|  **Total investments after securities sold short- 89.4% (Cost $14,260)** |  | **14433** |
|  **Other assets less liabilities - 10.6%** |  | **1713** |
|  **Total net assets - 100.0%<sup>#</sup>** |  | $**16146** |

---

------

<sup>(1)</sup> Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of December 31, 2022.

------

**Artisan Global Unconstrained Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

<sup>(2)</sup> 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.

<sup>(3)</sup> 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 $(43), or -0.3% of total net assets. See notes (A) and (B) in the accompanying notes. 

<sup>(4)</sup> Yield to maturity.

<sup>(5)</sup> At December 31, 2022, all or a portion of this security was pledged to cover collateral requirements for repurchase agreements.

<sup>(6)</sup> Open repurchase agreement with no specific maturity date. Either party may terminate the agreement upon demand.

---

| |
|:---|
| **PORTFOLIO DIVERSIFICATION** |
| Dollar values in thousands |

---

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  Consumer Discretionary | $165 | 1.0% |
|  Energy | 680 | 4 |
|  Financials | 230 | 1.3 |
|  Foreign Government Securities | 11270 | 66 |
|  Industrials | 422 | 2.5 |
|  Investment Funds | 34 | 0.2 |
|  Materials | 295 | 1.7 |
|  Utilities | 303 | 1.8 |
|  Short-Term Investment | 3666 | 21.5 |
|  **Total investments** | $**17065** | **100.0%** |

---

---

| |
|:---|
| **TRADING CURRENCIES** |
| Dollar values in thousands |

---

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  BRL | $89 | 0.5% |
|  DOP | 571 | 3.4 |
|  EUR | 3827 | 22.4 |
|  GBP | 40 | 0.2 |
|  GEL | 318 | 1.9 |
|  ISK | 760 | 4.5 |
|  PEN | 347 | 2.0 |
|  RON | 228 | 1.3 |
|  RSD | 683 | 4.0 |
|  USD | 9932 | 58.2 |
|  UZS | 270 | 1.6 |
|  **Total investments** | $**17065** | **100.0%** |

---

------

**Artisan Global Unconstrained Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**FOREIGN CURRENCY FORWARD CONTRACTS** 

Values in thousands

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  HUF | 245331 | EUR | 593 | SCB | 1/3/2023 | $23 |
|  BRL<sup>\*\*</sup> | 1161 | USD | 214 | JPM | 1/4/2023 | 6 |
|  USD | 222 | BRL<sup>\*\*</sup> | 1161 | JPM | 1/4/2023 | 2 |
|  PEN<sup>\*\*</sup> | 1311 | USD | 344 | JPM | 1/6/2023 | 1 |
|  PLN | 2062 | EUR | 432 | SCB | 1/23/2023 | 7 |
|  KZT<sup>\*\*</sup> | 100000 | USD | 209 | JPM | 2/9/2023 | 5 |
|  KZT<sup>\*\*</sup> | 194510 | USD | 404 | SCB | 2/9/2023 | 12 |
|  RON | 1450 | EUR | 291 | JPM | 2/13/2023 | 1 |
|  CZK | 5600 | EUR | 228 | SCB | 3/20/2023 | 1 |
|  HUF | 245331 | EUR | 594 | SCB | 4/3/2023 | 1 |
|  UZS<sup>\*\*</sup> | 555000 | USD | 47 | JPM | 4/26/2023 | 2 |
|  RSD | 15246 | EUR | 127 | JPM | 4/28/2023 | 2 |
|  UZS<sup>\*\*</sup> | 2971581 | USD | 254 | JPM | 5/4/2023 | 11 |
|  UZS<sup>\*\*</sup> | 750000 | USD | 63 | JPM | 6/22/2023 | 3 |
|  KES<sup>\*\*</sup> | 42000 | USD | 308 | SCB | 12/6/2023 | 21 |
|  Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation |  | 98 |
|  EUR | 613 | HUF | 245331 | SCB | 1/3/2023 | (1) |
|  USD | 341 | PEN<sup>\*\*</sup> | 1311 | JPM | 1/6/2023 | (4) |
|  USD | 627 | ZAR | 11338 | SCB | 1/6/2023 | (41) |
|  USD | 237 | RON | 1106 | JPM | 1/9/2023 | (3) |
|  BRL<sup>\*\*</sup> | 1161 | USD | 220 | JPM | 2/2/2023 | (2) |
|  USD | 343 | PEN<sup>\*\*</sup> | 1311 | JPM | 2/6/2023 | (1) |
|  RON | 3128 | EUR | 630 | JPM | 2/13/2023 |  |
|  USD | 5804 | EUR | 5451 | SCB | 3/15/2023 | (60) |
|  USD | 154 | UGX<sup>\*\*</sup> | 700000 | SCB | 6/18/2024 | (14) |
|  USD | 128 | UGX<sup>\*\*</sup> | 560000 | SCB | 6/18/2024 | (7) |
|  Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation |  | (133) |
|  Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation |  | $(35) |

---

<sup>\*\*</sup> Non-deliverable.

<sup>(1)</sup> Valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

------

**Artisan Global Unconstrained Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**FUTURES CONTRACTS** 

Dollar values in thousands

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **No. of**<br>**Contracts** | **Expiration<br>Date** | **Trading<br>Currency** | **Notional<br>Amount** | **Notional**<br>**Value** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Long Positions Contracts** | **Long Positions Contracts** | **Long Positions Contracts** | **Long Positions Contracts** | **Long Positions Contracts** | **Long Positions Contracts** |  |
|  U.S. Treasury 5 Year Note | 5 | 3/31/2023 | USD | $500 | $540 | $(4) |
|  U.S. Treasury 10 Year Note | 6 | 3/22/2023 | USD | 600 | 674 | (15) |
|  |  |  |  |  |  | (19) |
|  **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** | **Short Positions Contracts** |  |
|  Euro-Bobl | (24) | 3/8/2023 | EUR | (2400) | (2974) | 83 |
|  Euro-BTP | (4) | 3/8/2023 | EUR | (400) | (466) | 20 |
|  Euro-Bund | (7) | 3/8/2023 | EUR | (700) | (996) | 52 |
|  Euro-Schatz | (7) | 3/8/2023 | EUR | (700) | (790) | 8 |
|  S&P 500 E-Mini Index | (1) | 3/17/2023 | USD |  | (193) | 5 |
|  U.S. Treasury 2 Year Note | (14) | 3/31/2023 | USD | (2800) | (2871) | (2) |
|  U.S. Treasury 10 Year Ultra Note | (1) | 3/22/2023 | USD | (100) | (118) | 1 |
|  U.S. Treasury Long Bond | (1) | 3/22/2023 | USD | (100) | (125) | 1 |
|  |  |  |  |  |  | $168 |
|  Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation |  |  |  | $149 |

---

**Centrally Cleared Credit Default Swaps-Buy Protection** 

(Dollar values in thousands)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Financing Rate**<br>**(Paid) /Received<br>by the Fund (%)** | **Frequency of Payments**<br> **Made/Received** | **Termination**<br>**Date** | **Notional**<br> **Amount** | **Upfront**<br>**(Payments)**<br>**Receipts** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)** | **Value** |
|  Hungary | 1.00 | Quarterly | 6/20/2027 | USD 965 | 38 | (4) | 34 |
|  Kingdom of Saudi Arabia | 1.00 | Quarterly | 6/20/2032 | USD 1,070 | (12) | 4 | (8) |
|  Kingdom of Spain | 1.00 | Quarterly | 6/20/2032 | USD 570 | (11) | 2 | (9) |
|  Petrobras Global Finance BV | 1.00 | Quarterly | 12/20/2027 | USD 210 | 19 | (2) | 17 |
|  Republic of Chile | 1.00 | Quarterly | 6/20/2032 | USD 650 | 36 | — ^ | 36 |
|  Republic of Colombia | 1.00 | Quarterly | 12/20/2027 | USD 100 | 7 | — ^ | 7 |
|  Republic of Indonesia | 1.00 | Quarterly | 12/20/2027 | USD 965 | 5 | (5) | — ^ |
|  Republic of Peru | 1.00 | Quarterly | 6/20/2032 | USD 300 | 15 | 2 | 17 |
|  Republic of Poland | 1.00 | Quarterly | 6/20/2027 | USD 325 | 2 | (1) | 1 |
|  Republic of Poland | 1.00 | Quarterly | 12/20/2027 | USD 160 | 4 | (3) | 1 |
|  Republic of South Africa | 1.00 | Quarterly | 6/20/2032 | USD 765 | 107 | 12 | 119 |
|  United Mexican States | 1.00 | Quarterly | 12/20/2027 | USD 175 | 2 | — ^ | 2 |
|  |  |  |  |  | 212 | 5 | 217 |

---

------

**Artisan Global Unconstrained Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**Centrally Cleared Credit Default Swaps-Sell Protection** 

(Dollar values in thousands)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Financing Rate**<br>**(Paid) /Received**<br>**by the Fund (%)** | **Frequency of Payments**<br>**Made/Received** | **Termination**<br>**Date** | **Notional**<br>**Amount** | **Upfront**<br>**(Payments)**<br>**Receipts** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Value** |
|  Emirate of Abu Dhabi | 1.00 | Quarterly | 6/20/2027 | USD 290 | 6 | 1 | 7 |
|  Hungary | 1.00 | Quarterly | 12/20/2023 | USD 310 | (1) | 1 |  |
|  Republic of Colombia | 1.00 | Quarterly | 12/20/2023 | USD 310 | (3) | 3 |  |
|  Republic of South Africa | 1.00 | Quarterly | 6/20/2023 | USD 135 | (1) | 1 |  |
|  |  |  |  |  | 1 | 6 | 7 |
|  Total | Total | Total | Total | Total | 213 | 11 | 224 |

---

**Centrally Cleared Interest Rate Swaps** 

(Values in thousands)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Floating Rate Index (Frequency)** | **Fixed Rate (%)**<br>**(Frequency)** | **Fund Pays/**<br>**Receives**<br>**Floating Rate** | **Termination**<br>**Date** | **Notional**<br> **Amount** | **Upfront Payments<br>(Receipts)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Value** |
|  6 month WIBOR semi-annually | 5.30 annually | Receive | 4/15/2032 | PLN 536 |  | 4 | 4 |
|  6 month PRIBOR semi-annually | 3.86 annually | Receive | 4/4/2032 | CZK 2,710 |  | 7 | 7 |
|  6 month BUBOR semi-annually | 7.25 annually | Receive | 5/13/2032 | HUF 8,300 |  | 3 | 3 |
|  4 week TIIE monthly | 8.75 monthly | Pay | 5/18/2032 | MXN 2,235 |  | — ^ |  |
|  6 month BUBOR semi-annually | 8.16 annually | Receive | 6/17/2032 | HUF 103,300 | 11 | 4 | 15 |
|  1 day TONAR annually | 0.92 annually | Receive | 1/5/2033 | JPY 66,000 |  |  |  |
|  Total unrealized appreciation | Total unrealized appreciation |  |  |  | 11 | 18 | 29 |
|  6 month WIBOR semi-annually | 7.45 annually | Receive | 6/20/2032 | PLN 350 | (1) | (9) | (10) |
|  6 month WIBOR semi-annually | 6.45 annually | Receive | 5/13/2032 | PLN 225 |  | (3) | (3) |
|  4 week TIIE monthly | 8.72 monthly | Pay | 9/1/2032 | MXN 3,400 |  |  |  |
|  4 week TIIE monthly | 8.73 monthly | Pay | 6/21/2032 | MXN 1,300 |  |  |  |
|  6 month PRIBOR semi-annually | 4.99 annually | Receive | 5/13/2032 | CZK 2,800 |  | (4) | (4) |
|  6 month PRIBOR semi-annually | 5.75 annually | Receive | 6/17/2032 | CZK 2,360 | (2) | (9) | (11) |
|  1 day THOR quarterly | 2.89 quarterly | Receive | 6/17/2032 | THB 2,750 |  | (3) | (3) |
|  1 day THOR quarterly | 2.59 quarterly | Receive | 9/1/2032 | THB 2,150 |  | (1) | (1) |
|  1 day CDI at termination | 11.39 at termination | Pay | 1/2/2032 | BRL 325 |  | (6) | (6) |
|  1 day THOR quarterly | 2.99 quarterly | Receive | 9/26/2032 | THB 5,300 |  | (6) | (6) |
|  1 day CDI at termination | 11.29 at termination | Pay | 1/2/2032 | BRL 300 |  | (6) | (6) |
|  1 day CDI at termination | 11.44 at termination | Pay | 1/3/2028 | BRL 900 |  | (9) | (9) |
|  1 day CDI at termination | 12.31 at termination | Pay | 1/3/2028 | BRL 600 |  | (1) | (1) |
|  Total unrealized depreciation | Total unrealized depreciation |  |  |  | (3) | (57) | (60) |
|  Total | Total | Total | Total |  | 8 | (39) | (31) |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Global Value Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 96.7%** | **COMMON STOCKS - 96.7%** | **COMMON STOCKS - 96.7%** |
|  **Belgium - 1.5%** | **Belgium - 1.5%** | **Belgium - 1.5%** |
|  Groupe Bruxelles Lambert NV <sup>(1)</sup> | 365 | $29236 |
|  **Brazil - 0.7%** |  |  |
|  Telefonica Brasil SA, ADR | 1808 | 12927 |
|  **Canada - 1.1%** |  |  |
|  Imperial Oil Ltd. | 420 | 20437 |
|  **China - 3.4%** |  |  |
|  Alibaba Group Holding Ltd. \*<sup>(1)</sup> | 5845 | 64535 |
|  NXP Semiconductors NV | 12 | 1946 |
|  |  | **66481** |
|  **France - 7.7%** |  |  |
|  Danone SA <sup>(1)</sup> | 1688 | 88926 |
|  Sodexo SA <sup>(1)</sup> | 318 | 30425 |
|  TotalEnergies SE <sup>(1)</sup> | 473 | 29539 |
|  |  | **148890** |
|  **Germany - 4.8%** |  |  |
|  Daimler Truck Holding AG \*<sup>(1)</sup> | 767 | 23755 |
|  HeidelbergCement AG <sup>(1)</sup> | 1213 | 69174 |
|  |  | **92929** |
|  **Japan - 2.7%** |  |  |
|  Nintendo Co. Ltd. <sup>(1)</sup> | 1268 | 53082 |
|  **Netherlands - 6.2%** |  |  |
|  ING Groep NV <sup>(1)</sup> | 2544 | 31035 |
|  Koninklijke Philips NV <sup>(1)</sup> | 2905 | 43597 |
|  Shell plc <sup>(1)</sup> | 1628 | 46261 |
|  |  | **120893** |
|  **South Korea - 4.2%** |  |  |
|  Samsung Electronics Co. Ltd. <sup>(1)</sup> | 1858 | 81949 |
|  **Switzerland - 13.2%** |  |  |
|  Cie Financiere Richemont SA <sup>(1)</sup> | 466 | 60331 |
|  Novartis AG <sup>(1)</sup> | 1118 | 101274 |
|  Swatch Group AG (The) <sup>(1)</sup> | 13 | 3603 |
|  UBS Group AG <sup>(1)</sup> | 4918 | 91670 |
|  |  | **256878** |
|  **United Kingdom - 8.8%** |  |  |
|  BAE Systems plc <sup>(1)</sup> | 5572 | 57592 |
|  Compass Group plc <sup>(1)</sup> | 3419 | 78995 |
|  Lloyds Banking Group plc <sup>(1)</sup> | 61398 | 33716 |
|  |  | **170303** |
|  **United States - 42.4%** |  |  |
|  Advance Auto Parts, Inc. | 96 | 14105 |
|  Alphabet, Inc., Class A \* | 697 | 61512 |
|  American Express Co. | 399 | 58882 |
|  Bank of New York Mellon Corp. (The) | 1892 | 86136 |
|  Berkshire Hathaway, Inc., Class B \* | 252 | 77782 |
|  Citigroup, Inc. | 1312 | 59349 |
|  Dentsply Sirona, Inc. | 999 | 31812 |
|  Elevance Health, Inc. | 184 | 94533 |
|  Expedia Group, Inc. \* | 384 | 33671 |
|  Lam Research Corp. | 86 | 36117 |
|  Marsh & McLennan Cos., Inc. | 331 | 54743 |
|  Meta Platforms, Inc., Class A \* | 446 | 53686 |
|  Progressive Corp. (The) | 407 | 52770 |
|  Sensata Technologies Holding plc | 488 | 19709 |
|  Southwest Airlines Co. \* | 987 | 33239 |
|  Willis Towers Watson plc | 226 | 55157 |
|  |  | **823203** |
|  **Total common stocks (Cost $1,611,006)** | **Total common stocks (Cost $1,611,006)** | **1877208** |
|  **SHORT-TERM INVESTMENT - 2.2%** |  |  |
|  **INVESTMENT COMPANY - 2.2%** |  |  |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $42,025) | 42025 | 42025 |
|  **Total investments - 98.9% (Cost $1,653,031)** | **Total investments - 98.9% (Cost $1,653,031)** | **1919233** |
|  **Other assets less liabilities - 1.1%** | **Other assets less liabilities - 1.1%** | **20591** |
|  **Total net assets - 100.0%<sup>#</sup>** | **Total net assets - 100.0%<sup>#</sup>** | $**1939824** |

---

------

<sup>(1)</sup> 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 $1,018,695, or 52.5% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan Global Value Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $181207 | 9.4% |
|  Consumer Discretionary | 285665 | 14.9 |
|  Consumer Staples | 88926 | 4.6 |
|  Energy | 96237 | 5.0 |
|  Financials | 630476 | 32.9 |
|  Health Care | 271216 | 14.1 |
|  Industrials | 134295 | 7.0 |
|  Information Technology | 120012 | 6.3 |
|  Materials | 69174 | 3.6 |
|  Short-Term Investment | 42025 | 2.2 |
|  **Total investments** | $**1919233** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  CAD | $20437 | 1.1% |
|  CHF | 256878 | 13.4 |
|  EUR | 345687 | 18.0 |
|  GBP | 216564 | 11.3 |
|  HKD | 64535 | 3.3 |
|  JPY | 53082 | 2.8 |
|  KRW | 81949 | 4.3 |
|  USD | 880101 | 45.8 |
|  **Total investments** | $**1919233** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan High Income Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  | **Principal<br>Amount** | **Value** |
|  **CORPORATE BONDS - 75.9%** |  |  |
|  **Advertising - 0.2%** |  |  |
|  CMG Media Corp. 8.88%, 12/15/2027 <sup>(1)</sup> | $15947 | $12003 |
|  **Aerospace & Defense - 1.0%** |  |  |
|  Bombardier, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 2/15/2028 <sup>(1)(2)</sup> | 51291 | 47430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 6/15/2026 <sup>(1)(2)</sup> | 8689 | 8430 |
|  TransDigm, Inc. 4.63%, 1/15/2029 | 470 | 413 |
|  |  | **56273** |
|  **Airlines - 1.6%** |  |  |
|  Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/28/2029 | 47512 | 39493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 4/19/2028 | 9849 | 8778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 1/15/2026 | 41503 | 42405 |
|  |  | **90676** |
|  **Building Materials - 0.6%** |  |  |
|  Eco Material Technologies, Inc. 7.88%, 1/31/2027 <sup>(1)</sup> | 21037 | 20097 |
|  New Enterprise Stone & Lime Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 7/15/2028 <sup>(1)</sup> | 4361 | 3873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 7/15/2028 <sup>(1)</sup> | 14000 | 12935 |
|  |  | **36905** |
|  **Chemicals - 3.7%** |  |  |
|  Consolidated Energy Finance SA 5.63%, 10/15/2028 <sup>(1)(2)</sup> | 17085 | 14517 |
|  Diamond BC BV 4.63%, 10/1/2029 <sup>(1)</sup> | 32752 | 26283 |
|  Iris Holding, Inc. 10.00%, 12/15/2028 <sup>(1)</sup> | 37718 | 30954 |
|  LSF11 A5 HoldCo LLC 6.63%, 10/15/2029 <sup>(1)</sup> | 8542 | 7057 |
|  Methanex Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/15/2027 <sup>(2)</sup> | 28114 | 26076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/2029 <sup>(2)</sup> | 81326 | 72157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 12/1/2044 <sup>(2)</sup> | 4854 | 3677 |
|  SK Invictus Intermediate II SARL 5.00%, 10/30/2029 <sup>(1)(2)</sup> | 31571 | 25888 |
|  |  | **206609** |
|  **Commercial Services - 2.0%** |  |  |
|  Neptune Bidco US, Inc. 9.29%, 4/15/2029 <sup>(1)</sup> | 70767 | 66698 |
|  PECF USS Intermediate Holding III Corp. 8.00%, 11/15/2029 <sup>(1)</sup> | 16154 | 10495 |
|  United Rentals North America, Inc. 6.00%, 12/15/2029 <sup>(1)</sup> | 33315 | 33107 |
|  |  | **110300** |
|  **Distribution/Wholesale - 0.1%** |  |  |
|  American Builders & Contractors Supply Co., Inc. 3.88%, 11/15/2029 <sup>(1)</sup> | 3705 | 3029 |
|  **Diversified Financial Services - 6.2%** |  |  |
|  AG Issuer LLC 6.25%, 3/1/2028 <sup>(1)</sup> | 44996 | 41349 |
|  NFP Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 8/15/2028 <sup>(1)</sup> | 26065 | 22189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 8/15/2028 <sup>(1)</sup> | 210016 | 173112 |
|  VistaJet Malta Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 2/1/2030 <sup>(1)(2)</sup> | 110149 | 88320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 5/1/2027 <sup>(1)(2)</sup> | 38637 | 34856 |
|  |  | **359826** |
|  **Electronics - 0.1%** |  |  |
|  Sensata Technologies BV 5.88%, 9/1/2030 <sup>(1)</sup> | 8422 | 7982 |
|  **Energy-Alternate Sources - 0.4%** |  |  |
|  Sunnova Energy Corp. 5.88%, 9/1/2026 <sup>(1)</sup> | 28481 | 25445 |
|  **Engineering & Construction - 0.5%** |  |  |
|  Signature Aviation US Holdings, Inc. 4.00%, 3/1/2028 <sup>(1)</sup> | 32372 | 30671 |
|  **Entertainment - 1.2%** |  |  |
|  Jacobs Entertainment, Inc. 6.75%, 2/15/2029 <sup>(1)</sup> | 26793 | 24184 |
|  Motion Bondco DAC 6.63%, 11/15/2027 <sup>(1)(2)</sup> | 13203 | 11349 |
|  Penn Entertainment, Inc. 4.13%, 7/1/2029 <sup>(1)</sup> | 28417 | 22450 |
|  SeaWorld Parks & Entertainment, Inc. 5.25%, 8/15/2029 <sup>(1)</sup> | 16424 | 14300 |
|  |  | **72283** |
|  **Food - 1.1%** |  |  |
|  B&G Foods, Inc. 5.25%, 9/15/2027 | 21141 | 16213 |
|  H-Food Holdings LLC 8.50%, 6/1/2026 <sup>(1)</sup> | 79712 | 46233 |
|  |  | **62446** |
|  **Food Service - 0.9%** |  |  |
|  TKC Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 5/15/2028 <sup>(1)</sup> | 16184 | 12645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 5/15/2029 <sup>(1)</sup> | 65171 | 36522 |
|  |  | **49167** |
|  **Forest Products & Paper - 0.4%** |  |  |
|  Ahlstrom-Munksjo Holding 3 Oy 4.88%, 2/4/2028 <sup>(1)(2)</sup> | 29751 | 23933 |
|  **Hand/Machine Tools - 0.5%** |  |  |
|  Werner FinCo LP 8.75%, 7/15/2025 <sup>(1)</sup> | 46856 | 31394 |
|  **Healthcare-Products - 2.7%** |  |  |
|  Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 4/1/2029 <sup>(1)</sup> | 138407 | 111550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/1/2029 <sup>(1)</sup> | 58203 | 46229 |
|  |  | **157779** |

---

------

**Artisan High Income Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  **Healthcare-Services - 0.3%** |  |  |
|  HCA, Inc. 3.50%, 9/1/2030 | 12810 | 11048 |
|  Surgery Center Holdings, Inc. 6.75%, 7/1/2025 <sup>(1)</sup> | 4477 | 4413 |
|  |  | **15461** |
|  **Home Furnishings - 0.2%** |  |  |
|  Tempur Sealy International, Inc. 3.88%, 10/15/2031 <sup>(1)</sup> | 17543 | 13772 |
|  **Insurance - 9.9%** |  |  |
|  Acrisure LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 2/15/2029 <sup>(1)</sup> | 23420 | 19331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 8/1/2029 <sup>(1)</sup> | 94545 | 77265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 11/15/2025 <sup>(1)</sup> | 92952 | 85405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.13%, 8/1/2026 <sup>(1)</sup> | 48540 | 47211 |
|  Alliant Holdings Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/15/2027 <sup>(1)</sup> | 2569 | 2301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/1/2029 <sup>(1)</sup> | 15595 | 12825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/15/2027 <sup>(1)</sup> | 10008 | 8996 |
|  Ardonagh Midco 2 plc 11.50% Cash, 12.75% PIK, 1/15/2027 <sup>(1)(2)</sup> | 137607 | 130726 |
|  AssuredPartners, Inc. 7.00%, 8/15/2025 <sup>(1)</sup> | 25180 | 24351 |
|  BroadStreet Partners, Inc. 5.88%, 4/15/2029 <sup>(1)</sup> | 67061 | 57074 |
|  GTCR AP Finance, Inc. 8.00%, 5/15/2027 <sup>(1)</sup> | 58606 | 56137 |
|  Highlands Holdings Bond Issuer Ltd. 7.63% Cash, 8.38% PIK, 10/15/2025 <sup>(1)(2)</sup> | 10082 | 9377 |
|  Jones Deslauriers Insurance Management, Inc. 10.50%, 12/15/2030 <sup>(1)(2)</sup> | 37258 | 36694 |
|  Ryan Specialty Group LLC 4.38%, 2/1/2030 <sup>(1)</sup> | 6905 | 5979 |
|  |  | **573672** |
|  **Internet - 2.1%** |  |  |
|  Arches Buyer, Inc. 4.25%, 6/1/2028 <sup>(1)</sup> | 128038 | 100139 |
|  Cars.com, Inc. 6.38%, 11/1/2028 <sup>(1)</sup> | 17239 | 15306 |
|  Millennium Escrow Corp. 6.63%, 8/1/2026 <sup>(1)</sup> | 9223 | 5903 |
|  |  | **121348** |
|  **Iron/Steel - 0.4%** |  |  |
|  Commercial Metals Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 2/15/2031 | 3461 | 2910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 1/15/2030 | 11253 | 9957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 3/15/2032 | 9352 | 8136 |
|  |  | **21003** |
|  **Leisure Time - 7.6%** |  |  |
|  Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 8/1/2028 <sup>(1)</sup> | 13445 | 10963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 3/1/2027 <sup>(1)</sup> | 110287 | 78750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 5/1/2029 <sup>(1)</sup> | 83290 | 55503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 3/1/2026 <sup>(1)</sup> | 7882 | 6247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 6/1/2030 <sup>(1)</sup> | 18945 | 15411 |
|  Carnival Holdings Bermuda Ltd. 10.38%, 5/1/2028 <sup>(1)</sup> | 4169 | 4280 |
|  Lindblad Expeditions LLC 6.75%, 2/15/2027 <sup>(1)</sup> | 38037 | 34506 |
|  MajorDrive Holdings IV LLC 6.38%, 6/1/2029 <sup>(1)</sup> | 14881 | 11104 |
|  NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/15/2024 <sup>(1)</sup> | 17414 | 14878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 3/15/2026 <sup>(1)</sup> | 47354 | 37195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 2/15/2027 <sup>(1)</sup> | 6824 | 5912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 2/15/2029 <sup>(1)</sup> | 35092 | 26408 |
|  NCL Finance Ltd. 6.13%, 3/15/2028 <sup>(1)</sup> | 76451 | 56438 |
|  Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 7/1/2026 <sup>(1)</sup> | 19431 | 15707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 7/15/2027 <sup>(1)</sup> | 8553 | 6925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 8/31/2026 <sup>(1)</sup> | 26365 | 22180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/1/2028 <sup>(1)</sup> | 35497 | 28328 |
|  |  | **430735** |
|  **Lodging - 0.9%** |  |  |
|  Boyd Gaming Corp. 4.75%, 6/15/2031 <sup>(1)</sup> | 9302 | 8093 |
|  MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 9/1/2026 | 4248 | 3894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/2028 | 35704 | 31164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/15/2027 | 2223 | 2068 |
|  Station Casinos LLC 4.63%, 12/1/2031 <sup>(1)</sup> | 16806 | 13481 |
|  |  | **58700** |
|  **Machinery-Diversified - 0.5%** |  |  |
|  Chart Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 1/1/2030 <sup>(1)</sup> | 16494 | 16581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 1/1/2031 <sup>(1)</sup> | 10765 | 11041 |
|  |  | **27622** |
|  **Media - 11.2%** |  |  |
|  CCO Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 2/1/2031 <sup>(1)</sup> | 56581 | 45384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 1/15/2034 <sup>(1)</sup> | 24208 | 17867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 8/15/2030 <sup>(1)</sup> | 81193 | 67078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 5/1/2032 | 94019 | 74839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 3/1/2030 <sup>(1)</sup> | 31605 | 27257 |
|  CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/2031 <sup>(1)</sup> | 8967 | 6221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/1/2030 <sup>(1)</sup> | 96194 | 53160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 6/1/2024 | 15676 | 14595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 2/1/2028 <sup>(1)</sup> | 6632 | 5347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 2/1/2029 <sup>(1)</sup> | 12161 | 9942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 4/1/2028 <sup>(1)</sup> | 57856 | 39342 |
|  Sinclair Television Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 2/15/2027 <sup>(1)</sup> | 47938 | 39099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 3/1/2030 <sup>(1)</sup> | 83118 | 58118 |

---

------

**Artisan High Income Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  UPC Holding BV 5.50%, 1/15/2028 <sup>(1)(2)</sup> | 2774 | 2462 |
|  Virgin Media Finance plc 5.00%, 7/15/2030 <sup>(1)(2)</sup> | 92925 | 74531 |
|  Virgin Media Secured Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 8/15/2030 <sup>(1)(2)</sup> | 22046 | 18418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 5/15/2029 <sup>(1)(2)</sup> | 27393 | 24538 |
|  Virgin Media Vendor Financing Notes IV DAC 5.00%, 7/15/2028 <sup>(1)(2)</sup> | 17967 | 15705 |
|  Ziggo Bond Co. BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 2/28/2030 <sup>(1)(2)</sup> | 12976 | 10478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 1/15/2027 <sup>(1)(2)</sup> | 27070 | 25187 |
|  Ziggo BV 4.88%, 1/15/2030 <sup>(1)(2)</sup> | 24246 | 20288 |
|  |  | **649856** |
|  **Mining - 1.0%** |  |  |
|  Compass Minerals International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 7/15/2024 <sup>(1)</sup> | 10392 | 9989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/1/2027 <sup>(1)</sup> | 52402 | 50306 |
|  |  | **60295** |
|  **Oil & Gas - 4.4%** |  |  |
|  Callon Petroleum Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 8/1/2028 <sup>(1)</sup> | 101921 | 97159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 7/15/2025 | 3046 | 3031 |
|  CrownRock LP 5.00%, 5/1/2029 <sup>(1)</sup> | 25862 | 23237 |
|  Laredo Petroleum, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 7/31/2029 <sup>(1)</sup> | 54024 | 48626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.13%, 1/15/2028 | 4330 | 4223 |
|  MEG Energy Corp. 5.88%, 2/1/2029 <sup>(1)(2)</sup> | 33922 | 31989 |
|  SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 6/1/2025 | 8964 | 8605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 7/15/2028 | 19447 | 18645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 1/15/2027 | 4218 | 4063 |
|  Strathcona Resources Ltd. 6.88%, 8/1/2026 <sup>(1)(2)</sup> | 34068 | 24865 |
|  |  | **264443** |
|  **Packaging & Containers - 0.4%** |  |  |
|  Clydesdale Acquisition Holdings, Inc. 8.75%, 4/15/2030 <sup>(1)</sup> | 20692 | 17712 |
|  Sealed Air Corp. 5.00%, 4/15/2029 <sup>(1)</sup> | 4531 | 4259 |
|  |  | **21971** |
|  **Pharmaceuticals - 1.5%** |  |  |
|  BellRing Brands, Inc. 7.00%, 3/15/2030 <sup>(1)</sup> | 69183 | 66571 |
|  Prestige Brands, Inc. 3.75%, 4/1/2031 <sup>(1)</sup> | 21328 | 17589 |
|  |  | **84160** |
|  **Real Estate - 0.4%** |  |  |
|  Realogy Group LLC 5.75%, 1/15/2029 <sup>(1)</sup> | 33573 | 25394 |
|  **Real Estate Investment Trusts (REITS) - 2.0%** |  |  |
|  Global Net Lease, Inc. 3.75%, 12/15/2027 <sup>(1)</sup> | 50616 | 41855 |
|  Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 7/15/2028 <sup>(1)</sup> | 1919 | 1724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 7/15/2030 <sup>(1)</sup> | 14936 | 12979 |
|  Necessity Retail REIT, Inc. (The) 4.50%, 9/30/2028 <sup>(1)</sup> | 31343 | 23037 |
|  Uniti Group LP 4.75%, 4/15/2028 <sup>(1)</sup> | 17806 | 14245 |
|  XHR LP 4.88%, 6/1/2029 <sup>(1)</sup> | 29209 | 23926 |
|  |  | **117766** |
|  **Retail - 5.6%** |  |  |
|  Asbury Automotive Group, Inc. 4.63%, 11/15/2029 <sup>(1)</sup> | 24366 | 20532 |
|  Bath & Body Works, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/1/2030 <sup>(1)</sup> | 8389 | 7872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 7/1/2036 | 9581 | 8421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/1/2035 | 23874 | 21222 |
|  Brinker International, Inc. 5.00%, 10/1/2024 <sup>(1)</sup> | 25349 | 24434 |
|  Gap, Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/1/2029 <sup>(1)</sup> | 34357 | 24235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/1/2031 <sup>(1)</sup> | 23637 | 16490 |
|  LCM Investments Holdings II LLC 4.88%, 5/1/2029 <sup>(1)</sup> | 26332 | 21086 |
|  Nordstrom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 3/15/2027 | 14636 | 12186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 8/1/2031 | 10415 | 7448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 4/1/2030 | 48672 | 36591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 1/15/2044 | 98226 | 59672 |
|  Patrick Industries, Inc. 4.75%, 5/1/2029 <sup>(1)</sup> | 6869 | 5701 |
|  Specialty Building Products Holdings LLC 6.38%, 9/30/2026 <sup>(1)</sup> | 17756 | 14296 |
|  SRS Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/1/2029 <sup>(1)</sup> | 48122 | 38298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 7/1/2029 <sup>(1)</sup> | 2803 | 2266 |
|  Superior Plus LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 5/18/2028 <sup>(1)(2)</sup><br> CAD | 6705 | 4308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 3/15/2029 <sup>(1)(2)</sup> | 1684 | 1440 |
|  |  | **326498** |
|  **Software - 0.2%** |  |  |
|  Castle US Holding Corp. 9.50%, 2/15/2028 <sup>(1)</sup> | 25953 | 10187 |
|  **Telecommunications - 4.1%** |  |  |
|  Altice France Holding SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 2/15/2028 <sup>(1)(2)</sup> | 87835 | 51848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 5/15/2027 <sup>(1)(2)</sup> | 25971 | 19803 |
|  Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 1/15/2029 <sup>(1)(2)</sup> | 8119 | 6105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 7/15/2029 <sup>(1)(2)</sup> | 8550 | 6410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 1/15/2028 <sup>(1)(2)</sup> | 7974 | 6244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/2029 <sup>(1)(2)</sup> | 98372 | 75012 |

---

------

**Artisan High Income Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  Level 3 Financing, Inc. 3.75%, 7/15/2029 <sup>(1)</sup> | $1710 | 1230 |
|  Vmed O2 UK Financing I plc 4.25%, 1/31/2031 <sup>(1)(2)</sup> | 42712 | 34576 |
|  Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 3/1/2027 <sup>(1)</sup> | 25706 | 18986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 3/1/2028 <sup>(1)</sup> | 35262 | 19996 |
|  |  | **240210** |
|  **Total corporate bonds (Cost $5,174,366)** |  | **4399814** |
|  **BANK LOANS - 14.6%** |  |  |
|  **Auto Parts & Equipment - 0.8%** |  |  |
|  Wheel Pros, Inc. First Lien Term Loan (ICE LIBOR USD 3 Month + 4.50%), 8.82%, 5/11/2028 <sup>(3)</sup> | 65009 | 43630 |
|  **Chemicals - 0.5%** |  |  |
|  CPC Acquisition Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 3.75%), 8.48%, 12/29/2027 <sup>(3)</sup> | 38006 | 27326 |
|  **Commercial Services - 2.9%** |  |  |
|  Ankura Consulting Group LLC Second Lien Term Loan (ICE LIBOR USD 3 Month + 8.00%),<br>12.36%, 3/19/2029 <sup>(3)</sup> | 17830 | 14888 |
|  Digital Room Holdings, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 5.25%),<br>9.63%, 12/21/2028 <sup>(3)</sup> | 28981 | 24815 |
|  Employbridge Holding Co. First Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 4.75%), 9.48%, 7/19/2028 <sup>(3)</sup> | 529 | 429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 4.75%), 9.49%, 7/19/2028 <sup>(3)</sup> | 51690 | 41890 |
|  National Intergovernmental Purchasing Alliance Co. Second Lien Term Loan (SOFR + 7.50%), 12.08%, 5/26/2026 <sup>(3)</sup> | 7320 | 7174 |
|  Neptune BidCo US, Inc. First Lien Term Loan B (SOFR + 5.00%), 8.82%, 4/11/2029 <sup>(3)</sup> | 24313 | 21654 |
|  New SK Holdco Sub LLC First Lien Term Loan (SOFR + 6.75%), 11.17%, 6/30/2027 <sup>(3)</sup> | 66844 | 57333 |
|  |  | **168183** |
|  **Entertainment - 0.2%** |  |  |
|  J&J Ventures Gaming LLC First Lien Term Loan (ICE LIBOR USD 3 Month + 4.00%), 8.73%, 4/26/2028 <sup>(3)</sup> | 13410 | 12807 |
|  Lucky Bucks LLC First Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 5.50%, 10.23%), 7/30/2027 <sup>(3)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 5.50%, 10.43%), 7/30/2027 <sup>(3)</sup> | 4092 | 2322 |
|  |  | **15129** |
|  **Food Service - 1.2%** |  |  |
|  TKC Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 5.50%), 9.89%, 5/15/2028 <sup>(3)</sup> | 68453 | 56901 |
|  TKC Midco 1 LLC First Lien Term Loan 12.00% Cash, 13.00% PIK, 2/15/2027 | 18035 | 10280 |
|  |  | **67181** |
|  **Healthcare-Services - 0.5%** |  |  |
|  Surgery Center Holdings, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.75%), 8.05%, 8/31/2026 <sup>(3)</sup> | 30073 | 29656 |
|  **Home Furnishings - 0.2%** |  |  |
|  Weber-Stephen Products LLC First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.25%), 7.63%, 10/30/2027 <sup>(3)</sup> | 16638 | 13975 |
|  **Household Products/Wares - 0.0%<sup>^</sup>** |  |  |
|  VC GB Holdings I Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.50%), 7.88%, 7/21/2028 <sup>(3)</sup> | 2959 | 2659 |
|  **Internet - 0.1%** |  |  |
|  Arches Buyer, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.63%, 12/6/2027 <sup>(3)</sup> | 8785 | 8108 |
|  **Investment Companies - 0.9%** |  |  |
|  Nexus Buyer LLC Second Lien Term Loan (ICE LIBOR USD 1 Month + 6.25%), 10.63%, 11/5/2029 <sup>(3)</sup> | 59570 | 54978 |
|  **Leisure Time - 0.2%** |  |  |
|  NCL Corp., Ltd. First Lien Term Loan A (ICE LIBOR USD 3 Month + 1.75%), 5.42%, 1/2/2024 <sup>(3)</sup> | 12637 | 12005 |
|  **Retail - 0.5%** |  |  |
|  Fogo De Chao, Inc. First Lien Term Loan (ICE LIBOR USD 1 Month + 4.25%), 8.63%, 4/7/2025 <sup>(3)</sup> | 12983 | 12196 |

---

------

**Artisan High Income Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and values in thousands and reported in USD unless otherwise stated

---

| | | |
|:---|:---|:---|
|  Portillo's Holdings LLC First Lien Term Loan (ICE LIBOR USD 1 Month + 5.50%),<br>9.88%, 9/6/2024 <sup>(3)</sup> | 18948 | 18770 |
|  |  | **30966** |
|  **Software - 5.1%** |  |  |
|  Applied Systems, Inc. Second Lien Term Loan (SOFR + 6.75%), 10.91%, 9/17/2027 <sup>(3)</sup> | 28103 | 27787 |
|  Castle US Holding Corp. First Lien Term Loan B (ICE LIBOR USD 1 Month + 3.75%),<br>8.13%, 1/29/2027 <sup>(3)</sup> | 4885 | 2974 |
|  CommerceHub, Inc. Second Lien Term Loan B (SOFR + 7.00%), 11.53%, 12/29/2028 <sup>(3)</sup> | 10610 | 8342 |
|  Constant Contact, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.50%),<br>11.41%, 2/12/2029 <sup>(3)</sup> | 28018 | 21107 |
|  Ivanti Software, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 7.25%),<br>12.01%, 12/1/2028 <sup>(3)</sup> | 6435 | 3628 |
|  Matrix Parent, Inc. First Lien Term Loan (SOFR + 5.00%), 9.55%, 3/1/2029 <sup>(3)</sup> | 21054 | 16843 |
|  Orchid Finco LLC First Lien Term Loan B (SOFR + 4.75%), 9.58%, 7/27/2027 <sup>(3)</sup> | 24582 | 21141 |
|  Renaissance Holdings Corp. First Lien Term Loan (ICE LIBOR USD 1 Month + 3.25%), 7.63%, 5/30/2025 <sup>(3)</sup> | 61606 | 58618 |
|  Renaissance Holdings Corp. Second Lien Term Loan (ICE LIBOR USD 1 Month + 7.00%), 11.38%, 5/29/2026 <sup>(3)</sup> | 36536 | 33781 |
|  UKG, Inc. Second Lien Term Loan (ICE LIBOR USD 3 Month + 5.25%), 9.00%, 5/3/2027 <sup>(3)</sup> | 74902 | 68573 |
|  Virgin Pulse, Inc. First Lien Term Loan B (ICE LIBOR USD 1 Month + 4.00%),<br>8.38%, 4/6/2028 <sup>(3)</sup> | 34797 | 29334 |
|  |  | **292128** |
|  **Telecommunications - 0.9%** |  |  |
|  Delta Topco, Inc. Second Lien Term Loan (SOFR + 7.25%), 11.65%, 12/1/2028 <sup>(3)</sup> | 35575 | 27704 |
|  Gridiron Fiber Corp. First Lien Term Loan B (ICE LIBOR USD 3 Month + 4.50%),<br>9.23%, 10/4/2028 <sup>(3)</sup> | 23666 | 21211 |
|  |  | **48915** |
|  **Transportation - 0.6%** |  |  |
|  SIRVA Worldwide, Inc. First Lien Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 5.50%), 9.88%, 8/4/2025 <sup>(3)</sup> | 26552 | 23498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 5.50%), 9.91%, 8/4/2025 <sup>(3)</sup> | 5986 | 5298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ICE LIBOR USD 3 Month + 5.50%), 10.23%, 8/4/2025 <sup>(3)</sup> | 5262 | 4657 |
|  |  | **33453** |
|  **Total bank loans (Cost $978,081)** |  | **848292** |
|  | **Shares Held** |  |
|  **COMMON STOCK - 0.4%** |  |  |
|  **Miscellaneous Manufacturing - 0.4%** |  |  |
|  Utex Equity (Cost $10,178) \*<sup>(4)(5)</sup> | 364 | 23841 |
|  | **No. of<br>Warrants** |  |
|  **WARRANTS - 0.0%** |  |  |
|  **Diversified Financial Services - 0.0%** |  |  |
|  Carnelian Point Holdings LP, expiring 6/30/2027, strike price 10 (Cost $—) \*<sup>(4)(5)</sup> | $71 |  |
|  | **Shares Held** |  |
|  **SHORT-TERM INVESTMENT - 6.8%** |  |  |
|  **INVESTMENT COMPANY - 6.8%** |  |  |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $395,157) | 395157 | 395157 |
|  **Total investments - 97.7% (Cost $6,557,782)** |  | **5667104** |
|  **Other assets less liabilities - 2.3%** |  | **130852** |
|  **Total net assets - 100.0% <sup>#</sup>** |  | $**5797956** |

---

------

<sup>(1)</sup> 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, 2022 (Unaudited)** 

<sup>(2)</sup> 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 | USD |
|  Altice France Holding SA, 6.00%, 2/15/2028 | Luxembourg | USD |
|  Altice France Holding SA, 10.50%, 5/15/2027 | Luxembourg | USD |
|  Altice France SA, 5.13%, 1/15/2029 | France | USD |
|  Altice France SA, 5.13%, 7/15/2029 | France | USD |
|  Altice France SA, 5.50%, 1/15/2028 | France | USD |
|  Altice France SA, 5.50%, 10/15/2029 | France | USD |
|  Ardonagh Midco 2 plc, 11.50%, 1/15/2027 | United Kingdom | USD |
|  Bombardier, Inc., 6.00%, 2/15/2028 | Canada | USD |
|  Bombardier, Inc., 7.13%, 6/15/2026 | Canada | USD |
|  Consolidated Energy Finance SA, 5.63%, 10/15/2028 | Switzerland | USD |
|  Highlands Holdings Bond Issuer Ltd., 7.63%, 10/15/2025 | Bermuda | USD |
|  Jones Deslauriers Insurance Management, Inc., 10.50%, 12/15/2030 | Canada | USD |
|  MEG Energy Corp., 5.88%, 2/1/2029 | Canada | USD |
|  Methanex Corp., 5.13%, 10/15/2027 | Canada | USD |
|  Methanex Corp., 5.25%, 12/15/2029 | Canada | USD |
|  Methanex Corp., 5.65%, 12/1/2044 | Canada | USD |
|  Motion Bondco DAC, 6.63%, 11/15/2027 | United Kingdom | USD |
|  SK Invictus Intermediate II SARL, 5.00%, 10/30/2029 | Luxembourg | USD |
|  Strathcona Resources Ltd., 6.88%, 8/1/2026 | Canada | USD |
|  Superior Plus LP, 4.25%, 5/18/2028 | Canada | CAD |
|  Superior Plus LP, 4.50%, 3/15/2029 | Canada | USD |
|  UPC Holding BV, 5.50%, 1/15/2028 | Netherlands | USD |
|  Virgin Media Finance plc, 5.00%, 7/15/2030 | United Kingdom | USD |
|  Virgin Media Secured Finance plc, 4.50%, 8/15/2030 | United Kingdom | USD |
|  Virgin Media Secured Finance plc, 5.50%, 5/15/2029 | United Kingdom | USD |
|  Virgin Media Vendor Financing Notes IV DAC, 5.00%, 7/15/2028 | United Kingdom | USD |
|  VistaJet Malta Finance plc, 6.38%, 2/1/2030 | Switzerland | USD |
|  VistaJet Malta Finance plc, 7.88%, 5/1/2027 | Switzerland | USD |
|  Vmed O2 UK Financing I plc, 4.25%, 1/31/2031 | United Kingdom | USD |
|  Ziggo Bond Co. BV, 5.13%, 2/28/2030 | Netherlands | USD |
|  Ziggo Bond Co. BV, 6.00%, 1/15/2027 | Netherlands | USD |
|  Ziggo BV, 4.88%, 1/15/2030s | Netherlands | USD |

---

<sup>(3)</sup> Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of December 31, 2022.

<sup>(4)</sup> Defaulted securities.

<sup>(5)</sup> 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 $23,841, or 0.4% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan High Income Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $981419 | 17.3% |
|  Consumer Discretionary | 1054915 | 18.6 |
|  Consumer Staples | 216446 | 3.8 |
|  Energy | 289888 | 5.1 |
|  Financials | 1067463 | 18.8 |
|  Health Care | 202896 | 3.6 |
|  Industrials | 544061 | 9.6 |
|  Information Technology | 410562 | 7.3 |
|  Materials | 361137 | 6.4 |
|  Real Estate | 143160 | 2.5 |
|  Short-Term Investment | 395157 | 7.0 |
|  **Total investments** | $**5667104** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  CAD | $4308 | 0.1% |
|  USD | 5662796 | 99.9 |
|  **Total investments** | $**5667104** | **100.0%** |

---

**FOREIGN CURRENCY FORWARD CONTRACTS** 

Values in thousands

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation** |
|  USD | 4325 | CAD | 5782 | BOA | 1/23/2023 | $54 |
|  Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | $54 |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan International Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS AND EQUITY-LINKED SECURITY - 95.4%** |  |  |
|  **Belgium - 1.9%** |  |  |
|  UCB SA <sup>(1)</sup> | 1250 | $98439 |
|  **Canada - 5.5%** |  |  |
|  Canadian National Railway Co. | 726 | 86238 |
|  Canadian Pacific Railway Ltd. | 2423 | 180616 |
|  Kinaxis, Inc. \* | 233 | 26139 |
|  |  | **292993** |
|  **China - 4.8%** |  |  |
|  Alibaba Group Holding Ltd., ADR \* | 1590 | 140042 |
|  ANTA Sports Products Ltd. <sup>(1)</sup> | 2930 | 38409 |
|  Wuliangye Yibin Co. Ltd., Class A <sup>(1)</sup> | 2879 | 74547 |
|  |  | **252998** |
|  **Denmark - 4.3%** |  |  |
|  Ascendis Pharma A/S, ADR \* | 742 | 90620 |
|  Novo Nordisk A/S, ADR | 194 | 26233 |
|  Novo Nordisk A/S, Class B <sup>(1)</sup> | 843 | 114200 |
|  |  | **231053** |
|  **France - 14.3%** |  |  |
|  Air Liquide SA <sup>(1)</sup> | 1312 | 186652 |
|  Airbus SE <sup>(1)</sup> | 683 | 81261 |
|  BNP Paribas SA <sup>(1)</sup> | 4060 | 231048 |
|  Capgemini SE <sup>(1)</sup> | 502 | 84202 |
|  EssilorLuxottica SA <sup>(1)</sup> | 121 | 22016 |
|  LVMH Moet Hennessy Louis Vuitton SE <sup>(1)</sup> | 123 | 89515 |
|  Pernod Ricard SA <sup>(1)</sup> | 202 | 39636 |
|  Safran SA <sup>(1)</sup> | 227 | 28340 |
|  |  | **762670** |
|  **Germany - 12.3%** |  |  |
|  Allianz SE <sup>(1)</sup> | 403 | 86651 |
|  Deutsche Boerse AG <sup>(1)</sup> | 1280 | 220863 |
|  Deutsche Post AG <sup>(1)</sup> | 399 | 15036 |
|  Deutsche Telekom AG <sup>(1)</sup> | 10713 | 213691 |
|  Dr Ing hc F Porsche AG (Preference) \*<sup>(1)</sup> | 554 | 56253 |
|  Porsche Automobil Holding SE (Preference) <sup>(1)</sup> | 182 | 10005 |
|  Volkswagen AG (Preference) <sup>(1)</sup> | 432 | 53813 |
|  |  | **656312** |
|  **Hong Kong - 0.2%** |  |  |
|  AIA Group Ltd. <sup>(1)</sup> | 1048 | 11541 |
|  **India - 1.4%** |  |  |
|  Reliance Industries Ltd. <sup>(1)</sup> | 2357 | 72318 |
|  **Ireland - 2.4%** |  |  |
|  Ryanair Holdings plc, Equity-Linked Security \*<sup>(1)(2)(3)</sup> | 9658 | 126370 |
|  **Italy - 1.4%** |  |  |
|  Intesa Sanpaolo SpA <sup>(1)</sup> | 33630 | 75028 |
|  **Netherlands - 9.9%** |  |  |
|  Adyen NV \*<sup>(1)</sup> | 16 | 22780 |
|  Argenx SE, ADR \* | 431 | 163428 |
|  Argenx SE \*<sup>(1)</sup> | 13 | 4820 |
|  ING Groep NV <sup>(1)</sup> | 12240 | 149337 |
|  Shell plc <sup>(1)</sup> | 6616 | 188003 |
|  |  | **528368** |
|  **Russia - 0.0%** |  |  |
|  MMC Norilsk Nickel PJSC, ADR <sup>(1)(4)(5)</sup> | 4881 |  |
|  Sberbank of Russia PJSC \*<sup>(1)(4)(5)</sup> | 38445 |  |
|  |  | **—** |
|  **Singapore - 2.2%** |  |  |
|  DBS Group Holdings Ltd. <sup>(1)</sup> | 2198 | 55652 |
|  United Overseas Bank Ltd. <sup>(1)</sup> | 2704 | 62016 |
|  |  | **117668** |
|  **Spain - 1.1%** |  |  |
|  Ferrovial SA <sup>(1)</sup> | 2271 | 59396 |
|  **Switzerland - 7.5%** |  |  |
|  Alcon, Inc. <sup>(1)</sup> | 1444 | 99173 |
|  Barry Callebaut AG <sup>(1)</sup> | 20 | 39797 |
|  Cie Financiere Richemont SA <sup>(1)</sup> | 1008 | 130497 |
|  Medacta Group SA <sup>(1)</sup> | 326 | 36504 |
|  UBS Group AG <sup>(1)</sup> | 4882 | 90997 |
|  |  | **396968** |
|  **Taiwan - 0.1%** |  |  |
|  Taiwan Semiconductor Manufacturing Co. Ltd. <sup>(1)</sup> | 355 | 5174 |
|  **United Kingdom - 14.1%** |  |  |
|  AstraZeneca plc, ADR | 891 | 60428 |
|  AstraZeneca plc <sup>(1)</sup> | 327 | 44357 |
|  BAE Systems plc <sup>(1)</sup> | 5280 | 54571 |
|  Barclays plc <sup>(1)</sup> | 76183 | 146468 |
|  Diageo plc <sup>(1)</sup> | 1995 | 88117 |
|  International Consolidated Airlines Group SA \*<sup>(1)(6)</sup> | 14463 | 21530 |
|  Linde plc <sup>(1)</sup> | 768 | 251045 |
|  Tesco plc <sup>(1)</sup> | 9158 | 24831 |
|  Unilever plc <sup>(1)</sup> | 1171 | 59088 |
|  |  | **750435** |
|  **United States - 12.0%** |  |  |
|  Amazon.com, Inc. \* | 951 | 79889 |
|  Aon plc, Class A | 544 | 163384 |
|  ICON plc \* | 122 | 23739 |
|  Nestle SA <sup>(1)</sup> | 898 | 103649 |
|  Schlumberger Ltd. | 4965 | 265422 |
|  |  | **636083** |
|  **Total common stocks and equity-linked security (Cost $4,536,203)** |  | **5073814** |

---

------

**Artisan International Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | |
|:---|:---|
|  **SHORT-TERM INVESTMENTS - 2.8%** |  |
|  **INVESTMENT COMPANIES - 2.8%** |  |
|  BlackRock Liquidity FedFund - Institutional Shares, 4.03% <sup>(7)</sup> | 18681 |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% | 130275 |
|  **Total investment companies (Cost $148,956)** | **148956** |
|  **Total investments - 98.2% (Cost $4,685,159)** | **5222770** |
|  **Other assets less liabilities - 1.8%** | **96633** |
|  **Total net assets - 100.0% <sup>#</sup>** | $**5319403** |

---

------

<sup>(1)</sup> 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 $3,767,636, or 70.8% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan International Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

<sup>(2)</sup> 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**<br>**Total Net Assets** |
|  Ryanair Holdings plc | 11/14/2013 - 11/08/2022 | $107527 | $126370 | 2.4% |

---

<sup>(3)</sup> 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.

<sup>(4)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

<sup>(5)</sup> Security is restricted.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition Date** | **Cost** | **Value** | **Percentage of**<br>**Total Net Assets** |
|  MMC Norilsk Nickel PJSC | 11/09/2020 - 01/14/2022 | $151723 | $– | 0.0% |
|  Sberbank of Russia PJSC | 09/16/2021 - 02/11/2022 | 159810 | – | 0.0% |

---

<sup>(6)</sup> All or a portion of security is on loan at December 31, 2022.

<sup>(7)</sup> At December 31, 2022, the Portfolio had loaned securities with a total value of $17,168. This was collateralized by cash of $18,681 which was subsequently invested in an investment company. 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  Communication Services | $213691 | 4.1% |
|  Consumer Discretionary | 598423 | 11.5 |
|  Consumer Staples | 429665 | 8.2 |
|  Energy | 525743 | 10.1 |
|  Financials | 1292985 | 24.8 |
|  Health Care | 783957 | 15.0 |
|  Industrials | 653358 | 12.4 |
|  Information Technology | 138295 | 2.6 |
|  Materials | 437697 | 8.4 |
|  Short-Term Investment | 148956 | 2.9 |
|  **Total investments** | $**5222770** | **100.0%** |

---

------

**Artisan International Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  CAD | $292993 | 5.6% |
|  CHF | 500617 | 9.6 |
|  CNY | 74547 | 1.4 |
|  DKK | 114200 | 2.2 |
|  EUR | 2079827 | 39.8 |
|  GBP | 626965 | 12 |
|  HKD | 49950 | 1 |
|  INR | 72318 | 1.4 |
|  RUB | 0 | 0 |
|  SGD | 117668 | 2.2 |
|  TWD | 5174 | 0.1 |
|  USD | 1288511 | 24.7 |
|  **Total investments** | $**5222770** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan International Explorer Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 86.7%** | **COMMON STOCKS - 86.7%** | **COMMON STOCKS - 86.7%** |
|  **Argentina - 4.9%** | **Argentina - 4.9%** | **Argentina - 4.9%** |
|  Despegar.com Corp. \* | 298 | $1526 |
|  **Australia - 4.6%** | **Australia - 4.6%** | **Australia - 4.6%** |
|  Steadfast Group Ltd. <sup>(1)</sup> | 383 | 1425 |
|  **Canada - 5.8%** | **Canada - 5.8%** | **Canada - 5.8%** |
|  ATS Corp. \* | 43 | 1346 |
|  Knight Therapeutics, Inc. \* | 80 | 305 |
|  Real Matters, Inc. \* | 55 | 170 |
|  |  | **1821** |
|  **China - 1.5%** | **China - 1.5%** | **China - 1.5%** |
|  China Isotope & Radiation Corp. <sup>(1)</sup> | 275 | 469 |
|  **Denmark - 1.0%** | **Denmark - 1.0%** | **Denmark - 1.0%** |
|  ALK-Abello A/S \*<sup>(1)</sup> | 22 | 310 |
|  **France - 2.0%** | **France - 2.0%** | **France - 2.0%** |
|  Alten SA <sup>(1)</sup> | 5 | 632 |
|  **Germany - 6.3%** | **Germany - 6.3%** | **Germany - 6.3%** |
|  AlzChem Group AG <sup>(1)</sup> | 33 | 589 |
|  Hensoldt AG <sup>(1)</sup> | 59 | 1393 |
|  |  | **1982** |
|  **India - 2.4%** | **India - 2.4%** | **India - 2.4%** |
|  Care Ratings Ltd. <sup>(1)</sup> | 104 | 762 |
|  **Indonesia - 5.4%** | **Indonesia - 5.4%** | **Indonesia - 5.4%** |
|  Mitra Adiperkasa Tbk. PT \*<sup>(1)</sup> | 18099 | 1683 |
|  **Ireland - 4.6%** | **Ireland - 4.6%** | **Ireland - 4.6%** |
|  Glenveagh Properties plc \*<sup>(1)</sup> | 1589 | 1441 |
|  **Italy - 1.2%** | **Italy - 1.2%** | **Italy - 1.2%** |
|  Enav SpA <sup>(1)</sup> | 92 | 389 |
|  **Japan - 10.3%** | **Japan - 10.3%** | **Japan - 10.3%** |
|  Horiba Ltd. <sup>(1)</sup> | 13 | 581 |
|  NexTone, Inc. \*<sup>(1)</sup> | 10 | 337 |
|  Sato Holdings Corp. <sup>(1)</sup> | 86 | 1233 |
|  Zuken, Inc. <sup>(1)</sup> | 47 | 1069 |
|  |  | **3220** |
|  **Mexico - 2.6%** | **Mexico - 2.6%** | **Mexico - 2.6%** |
|  Qualitas Controladora SAB de CV | 180 | 796 |
|  **Norway - 1.2%** | **Norway - 1.2%** | **Norway - 1.2%** |
|  Sikri Group ASA \*<sup>(1)</sup> | 451 | 376 |
|  **South Africa - 3.2%** | **South Africa - 3.2%** | **South Africa - 3.2%** |
|  Bid Corp. Ltd. <sup>(1)</sup> | 18 | 346 |
|  Cashbuild Ltd. <sup>(1)</sup> | 15 | 169 |
|  Famous Brands Ltd. <sup>(1)</sup> | 133 | 493 |
|  |  | **1008** |
|  **South Korea - 2.5%** | **South Korea - 2.5%** | **South Korea - 2.5%** |
|  Vitzrocell Co. Ltd. \*<sup>(1)</sup> | 76 | 770 |
|  **Switzerland - 1.4%** | **Switzerland - 1.4%** | **Switzerland - 1.4%** |
|  Medmix AG <sup>(1)</sup> | 23 | 445 |
|  **United Kingdom - 19.8%** | **United Kingdom - 19.8%** | **United Kingdom - 19.8%** |
|  Essentra plc <sup>(1)</sup> | 190 | 541 |
|  IDOX plc <sup>(1)</sup> | 1438 | 1126 |
|  IQE plc \*<sup>(1)</sup> | 944 | 567 |
|  LSL Property Services plc <sup>(1)</sup> | 119 | 360 |
|  Luxfer Holdings plc | 44 | 610 |
|  M&C Saatchi plc \*<sup>(1)</sup> | 1444 | 2637 |
|  Oxford Biomedica plc \*<sup>(1)</sup> | 64 | 344 |
|  |  | **6185** |
|  **United States - 6.0%** | **United States - 6.0%** | **United States - 6.0%** |
|  Impro Precision Industries Ltd. <sup>(1)</sup> | 3183 | 902 |
|  Signify NV <sup>(1)</sup> | 29 | 969 |
|  |  | **1871** |
|  **Total common stocks (Cost $27,676)** | **Total common stocks (Cost $27,676)** | **27111** |
|  **SHORT-TERM INVESTMENTS - 13.1%** | **SHORT-TERM INVESTMENTS - 13.1%** | **SHORT-TERM INVESTMENTS - 13.1%** |
|  **INVESTMENT COMPANIES - 13.1%** | **INVESTMENT COMPANIES - 13.1%** | **INVESTMENT COMPANIES - 13.1%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% | 1390 | 1390 |
|  Federated Treasury Obligations Fund - Institutional Class, 4.15% | 1350 | 1350 |
|  Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 4.18% | 1350 | 1350 |
|  **Total investment companies (Cost $4,090)** | **Total investment companies (Cost $4,090)** | **4090** |
|  **Total investments - 99.8% (Cost $31,766)** | **Total investments - 99.8% (Cost $31,766)** | **31201** |
|  **Other assets less liabilities - 0.2%** | **Other assets less liabilities - 0.2%** | **51** |
|  **Total net assets - 100.0% <sup>#</sup>** | **Total net assets - 100.0% <sup>#</sup>** | $**31252** |

---

------

<sup>(1)</sup> 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 $22,358, or 71.5% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan International Explorer Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  Communication Services | $2974 | 9.5% |
|  Consumer Discretionary | 5312 | 17.1 |
|  Consumer Staples | 346 | 1.1 |
|  Financials | 2983 | 9.6 |
|  Health Care | 1873 | 6.0 |
|  Industrials | 7612 | 24.4 |
|  Information Technology | 4351 | 13.9 |
|  Materials | 1130 | 3.6 |
|  Real Estate | 530 | 1.7 |
|  Short-Term Investments | 4090 | 13.1 |
|  **Total investments** | $**31201** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  AUD | $1425 | 4.6% |
|  CAD | 1821 | 5.8 |
|  CHF | 445 | 1.4 |
|  DKK | 310 | 1 |
|  EUR | 5413 | 17.3 |
|  GBP | 5575 | 17.9 |
|  HKD | 1371 | 4.4 |
|  IDR | 1683 | 5.4 |
|  INR | 762 | 2.4 |
|  JPY | 3220 | 10.3 |
|  KRW | 770 | 2.5 |
|  MXN | 796 | 2.6 |
|  NOK | 376 | 1.2 |
|  USD | 6226 | 20 |
|  ZAR | 1008 | 3.2 |
|  **Total investments** | $**31201** | **100.0%** |

---

**FOREIGN CURRENCY FORWARD CONTRACTS** 

Values in thousands

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  ZAR | 3187 | USD | 184 | JPM | 2/1/2023 | $3 |
|  Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation |  | 3 |
|  USD | 325 | ZAR | 6013 | JPM | 2/1/2023 | (28) |
|  Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation |  | (28) |
|  Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation | Net unrealized depreciation |  | $(25) |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan International Small-Mid Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 95.5%** | **COMMON STOCKS - 95.5%** | **COMMON STOCKS - 95.5%** |
|  **Australia - 0.2%** | **Australia - 0.2%** | **Australia - 0.2%** |
|  Telix Pharmaceuticals Ltd. \*<sup>(1)</sup> | 1467 | $7249 |
|  **Belgium - 0.5%** | **Belgium - 0.5%** | **Belgium - 0.5%** |
|  Azelis Group NV <sup>(1)</sup> | 757 | 21456 |
|  **Brazil - 1.5%** | **Brazil - 1.5%** | **Brazil - 1.5%** |
|  Hapvida Participacoes e Investimentos SA \*<sup>(1)</sup> | 15498 | 15075 |
|  Rumo SA <sup>(1)</sup> | 6757 | 23949 |
|  Vibra Energia SA <sup>(1)</sup> | 8511 | 25034 |
|  |  | **64058** |
|  **Canada - 5.4%** | **Canada - 5.4%** | **Canada - 5.4%** |
|  Altus Group Ltd. | 978 | 39018 |
|  CAE, Inc. \* | 3245 | 62770 |
|  Descartes Systems Group, Inc. (The) \* | 562 | 39148 |
|  Kinaxis, Inc. \* | 341 | 38303 |
|  Lightspeed Commerce, Inc. \* | 2029 | 28989 |
|  Whitecap Resources, Inc. | 2262 | 17938 |
|  |  | **226166** |
|  **China - 0.1%** | **China - 0.1%** | **China - 0.1%** |
|  Jacobio Pharmaceuticals Group Co. Ltd. \*<sup>(1)</sup> | 5766 | 3864 |
|  **Costa Rica - 0.3%** | **Costa Rica - 0.3%** | **Costa Rica - 0.3%** |
|  Establishment Labs Holdings, Inc. \* | 178 | 11669 |
|  **Denmark - 6.5%** | **Denmark - 6.5%** | **Denmark - 6.5%** |
|  ALK-Abello A/S \*<sup>(1)</sup> | 1270 | 17621 |
|  Ambu A/S, Class B \*<sup>(1)</sup> | 4362 | 55340 |
|  Carlsberg A/S, Class B <sup>(1)</sup> | 180 | 23814 |
|  DSV A/S <sup>(1)</sup> | 197 | 31213 |
|  FLSmidth & Co. A/S <sup>(1)</sup> | 776 | 28225 |
|  Genmab A/S \*<sup>(1)</sup> | 146 | 61667 |
|  Royal Unibrew A/S <sup>(1)</sup> | 123 | 8791 |
|  Tryg A/S <sup>(1)</sup> | 665 | 15780 |
|  Vestas Wind Systems A/S <sup>(1)</sup> | 1081 | 31585 |
|  |  | **274036** |
|  **Finland - 2.5%** | **Finland - 2.5%** | **Finland - 2.5%** |
|  Metso Outotec OYJ <sup>(1)</sup> | 9225 | 95169 |
|  Revenio Group OYJ <sup>(1)</sup> | 267 | 11043 |
|  |  | **106212** |
|  **France - 3.0%** | **France - 3.0%** | **France - 3.0%** |
|  Gaztransport Et Technigaz SA <sup>(1)</sup> | 438 | 46764 |
|  Lectra <sup>(1)</sup> | 1465 | 55287 |
|  Ubisoft Entertainment SA \*<sup>(1)</sup> | 820 | 23286 |
|  |  | **125337** |
|  **Germany - 5.2%** | **Germany - 5.2%** | **Germany - 5.2%** |
|  AIXTRON SE <sup>(1)</sup> | 2459 | 71013 |
|  Carl Zeiss Meditec AG <sup>(1)</sup> | 170 | 21464 |
|  Duerr AG <sup>(1)</sup> | 565 | 19066 |
|  Gerresheimer AG <sup>(1)</sup> | 748 | 50278 |
|  Hamburger Hafen und Logistik AG <sup>(1)</sup> | 1193 | 15178 |
|  Symrise AG <sup>(1)</sup> | 411 | 44694 |
|  |  | **221693** |
|  **Iceland - 0.5%** | **Iceland - 0.5%** | **Iceland - 0.5%** |
|  Ossur HF \*<sup>(1)</sup> | 4573 | 22133 |
|  **India - 2.3%** | **India - 2.3%** | **India - 2.3%** |
|  IndiaMart InterMesh Ltd. <sup>(1)</sup> | 443 | 23079 |
|  PB Fintech Ltd. \*<sup>(1)</sup> | 1846 | 9987 |
|  WNS Holdings Ltd., ADR \* | 786 | 62896 |
|  |  | **95962** |
|  **Israel - 7.1%** | **Israel - 7.1%** | **Israel - 7.1%** |
|  Kornit Digital Ltd. \* | 2478 | 56916 |
|  Nice Ltd., ADR \* | 883 | 169809 |
|  Radware Ltd. \* | 1822 | 35983 |
|  Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. <sup>(1)</sup> | 197 | 13804 |
|  Tel Aviv Stock Exchange Ltd. <sup>(1)</sup> | 3931 | 23481 |
|  |  | **299993** |
|  **Italy - 1.4%** | **Italy - 1.4%** | **Italy - 1.4%** |
|  Davide Campari-Milano NV <sup>(1)</sup> | 2991 | 30317 |
|  Moncler SpA <sup>(1)</sup> | 534 | 28414 |
|  |  | **58731** |
|  **Japan - 12.9%** | **Japan - 12.9%** | **Japan - 12.9%** |
|  Azbil Corp. <sup>(1)</sup> | 2363 | 59834 |
|  Carenet, Inc. <sup>(1)(2)</sup> | 3152 | 26548 |
|  CKD Corp. <sup>(1)(2)</sup> | 3819 | 54594 |
|  Daikokutenbussan Co. Ltd. <sup>(1)(2)</sup> | 793 | 32434 |
|  en Japan, Inc. <sup>(1)</sup> | 604 | 11023 |
|  Fujitec Co. Ltd. <sup>(1)</sup> | 2020 | 46026 |
|  GMO Financial Gate, Inc. <sup>(1)</sup> | 141 | 16092 |
|  Internet Initiative Japan, Inc. <sup>(1)</sup> | 236 | 4406 |
|  Jeol Ltd. <sup>(1)</sup> | 585 | 15721 |
|  Kobe Bussan Co. Ltd. <sup>(1)</sup> | 631 | 18208 |
|  Money Forward, Inc. \*<sup>(1)</sup> | 815 | 25237 |
|  Morinaga Milk Industry Co. Ltd. <sup>(1)</sup> | 794 | 30193 |
|  Rohm Co. Ltd. <sup>(1)</sup> | 549 | 39201 |
|  Rohto Pharmaceutical Co. Ltd. <sup>(1)</sup> | 659 | 11696 |
|  SCSK Corp. <sup>(1)</sup> | 589 | 8890 |
|  SG Holdings Co. Ltd. <sup>(1)</sup> | 3819 | 53238 |
|  Temairazu, Inc. <sup>(1)</sup> | 310 | 11689 |
|  Toshiba Corp. <sup>(1)</sup> | 1900 | 66617 |
|  Ubicom Holdings, Inc. <sup>(1)(2)</sup> | 807 | 13593 |
|  |  | **545240** |
|  **Netherlands - 2.2%** | **Netherlands - 2.2%** | **Netherlands - 2.2%** |
|  IMCD NV <sup>(1)</sup> | 383 | 54676 |
|  Koninklijke DSM NV <sup>(1)</sup> | 309 | 37895 |
|  Merus NV \* | 89 | 1378 |
|  |  | **93949** |
|  **Spain - 0.3%** | **Spain - 0.3%** | **Spain - 0.3%** |
|  Almirall SA <sup>(1)</sup> | 1445 | 13983 |
|  **Sweden - 3.4%** | **Sweden - 3.4%** | **Sweden - 3.4%** |
|  AAK AB <sup>(1)</sup> | 1149 | 19634 |
|  Fortnox AB <sup>(1)</sup> | 10862 | 49454 |

---

------

**Artisan International Small-Mid Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  Swedish Orphan Biovitrum AB \*<sup>(1)</sup> | 3581 | 73985 |
|  |  | **143073** |
|  **Switzerland - 6.4%** | **Switzerland - 6.4%** | **Switzerland - 6.4%** |
|  Alcon, Inc. <sup>(1)</sup> | 1188 | 81630 |
|  Baloise Holding AG <sup>(1)</sup> | 267 | 41196 |
|  Barry Callebaut AG <sup>(1)</sup> | 23 | 45541 |
|  Belimo Holding AG <sup>(1)</sup> | 83 | 39516 |
|  Burckhardt Compression Holding AG <sup>(1)</sup> | 68 | 40326 |
|  Tecan Group AG <sup>(1)</sup> | 45 | 20422 |
|  |  | **268631** |
|  **Thailand - 1.6%** | **Thailand - 1.6%** | **Thailand - 1.6%** |
|  Fabrinet \* | 542 | 69486 |
|  **United Kingdom - 15.2%** | **United Kingdom - 15.2%** | **United Kingdom - 15.2%** |
|  Alphawave IP Group plc \*<sup>(1)</sup> | 17953 | 21994 |
|  Balfour Beatty plc <sup>(1)</sup> | 5888 | 23971 |
|  boohoo Group plc \*<sup>(1)</sup> | 10907 | 4679 |
|  Britvic plc <sup>(1)</sup> | 3016 | 28362 |
|  ConvaTec Group plc <sup>(1)</sup> | 37056 | 104196 |
|  Croda International plc <sup>(1)</sup> | 187 | 14910 |
|  Howden Joinery Group plc <sup>(1)</sup> | 7330 | 49816 |
|  JD Sports Fashion plc <sup>(1)</sup> | 14995 | 22889 |
|  JET2 plc <sup>(1)</sup> | 5607 | 65076 |
|  Oxford Biomedica plc \*<sup>(1)</sup> | 1627 | 8680 |
|  Rotork plc <sup>(1)</sup> | 15654 | 58118 |
|  RS Group plc <sup>(1)</sup> | 6929 | 75114 |
|  Smiths Group plc <sup>(1)</sup> | 1182 | 22782 |
|  Spirax-Sarco Engineering plc <sup>(1)</sup> | 313 | 40196 |
|  St. James's Place plc <sup>(1)</sup> | 2750 | 36416 |
|  Subsea 7 SA <sup>(1)</sup> | 2362 | 27163 |
|  Trainline plc \*<sup>(1)</sup> | 8235 | 27350 |
|  YouGov plc <sup>(1)</sup> | 788 | 9723 |
|  |  | **641435** |
|  **United States - 17.0%** | **United States - 17.0%** | **United States - 17.0%** |
|  Agilysys, Inc. \* | 723 | 57189 |
|  Akero Therapeutics, Inc. \* | 149 | 8157 |
|  Alkermes plc \* | 1203 | 31423 |
|  Avidity Biosciences, Inc. \* | 812 | 18012 |
|  BioCryst Pharmaceuticals, Inc. \* | 1816 | 20842 |
|  Chart Industries, Inc. \* | 84 | 9652 |
|  CyberArk Software Ltd. \* | 519 | 67259 |
|  Envista Holdings Corp. \* | 1229 | 41371 |
|  Glaukos Corp. \* | 1195 | 52176 |
|  Ingersoll Rand, Inc. | 1077 | 56279 |
|  Inspire Medical Systems, Inc. \* | 71 | 17873 |
|  Lantheus Holdings, Inc. \* | 269 | 13724 |
|  Legend Biotech Corp., ADR \* | 669 | 33381 |
|  Madrigal Pharmaceuticals, Inc. \* | 134 | 38858 |
|  MaxCyte, Inc. \* | 794 | 4334 |
|  Model N, Inc. \* | 1627 | 65973 |
|  Monday.com Ltd. \* | 177 | 21552 |
|  Myriad Genetics, Inc. \* | 1389 | 20150 |
|  Pacific Biosciences of California, Inc. \* | 407 | 3331 |
|  Relay Therapeutics, Inc. \* | 188 | 2804 |
|  Seagen, Inc. \* | 76 | 9725 |
|  STAAR Surgical Co. \* | 148 | 7200 |
|  Varex Imaging Corp. \* | 550 | 11157 |
|  Verastem, Inc. \* | 1246 | 502 |
|  ViewRay, Inc. \*<sup>(2)</sup> | 10340 | 46323 |
|  Wolfspeed, Inc. \* | 828 | 57172 |
|  |  | **716419** |
|  **Total common stocks (Cost $3,809,877)** | **Total common stocks (Cost $3,809,877)** | **4030775** |
|  **SHORT-TERM INVESTMENT - 3.1%** | **SHORT-TERM INVESTMENT - 3.1%** | **SHORT-TERM INVESTMENT - 3.1%** |
|  **INVESTMENT COMPANY - 3.1%** | **INVESTMENT COMPANY - 3.1%** | **INVESTMENT COMPANY - 3.1%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $132,477) | 132477 | 132477 |
|  **Total investments - 98.6% (Cost $3,942,354)** | **Total investments - 98.6% (Cost $3,942,354)** | **4163252** |
|  **Other assets less liabilities - 1.4%** | **Other assets less liabilities - 1.4%** | **58533** |
|  **Total net assets - 100.0%<sup>#</sup>** | **Total net assets - 100.0%<sup>#</sup>** | $**4221785** |

---

------

<sup>(1)</sup> 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 $2,680,053, or 63.5% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan International Small-Mid Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

<sup>(2)</sup> Affiliated company as defined under the Investment Company Act of 1940.

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  Communication Services | $37415 | 0.9% |
|  Consumer Discretionary | 120055 | 2.9 |
|  Consumer Staples | 262794 | 6.3 |
|  Energy | 91865 | 2.2 |
|  Financials | 126860 | 3.1 |
|  Health Care | 1005289 | 24.1 |
|  Industrials | 1175626 | 28.2 |
|  Information Technology | 1074354 | 25.8 |
|  Materials | 97499 | 2.4 |
|  Real Estate | 39018 | 0.9 |
|  Short-Term Investment | 132477 | 3.2 |
|  **Total investments** | $**4163252** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  AUD | $7249 | 0.2% |
|  BRL | 64058 | 1.5 |
|  CAD | 226166 | 5.4 |
|  CHF | 268631 | 6.4 |
|  DKK | 296169 | 7.1 |
|  EUR | 639983 | 15.4 |
|  GBP | 614272 | 14.8 |
|  HKD | 3864 | 0.1 |
|  ILS | 37285 | 0.9 |
|  INR | 33066 | 0.8 |
|  JPY | 545240 | 13.1 |
|  NOK | 27163 | 0.7 |
|  SEK | 143073 | 3.4 |
|  USD | 1257033 | 30.2 |
|  **Total investments** | $**4163252** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan International Value Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS AND EQUITY-LINKED SECURITY - 93.1%** | **COMMON STOCKS AND EQUITY-LINKED SECURITY - 93.1%** | **COMMON STOCKS AND EQUITY-LINKED SECURITY - 93.1%** |
|  **Belgium - 1.8%** | **Belgium - 1.8%** | **Belgium - 1.8%** |
|  Groupe Bruxelles Lambert NV <sup>(1)</sup> | 5098 | $408397 |
|  **Brazil - 0.7%** | **Brazil - 0.7%** | **Brazil - 0.7%** |
|  Telefonica Brasil SA, ADR | 21156 | 151267 |
|  **Canada - 3.9%** | **Canada - 3.9%** | **Canada - 3.9%** |
|  Alimentation Couche-Tard, Inc. | 12850 | 564664 |
|  Suncor Energy, Inc. | 10805 | 342759 |
|  |  | **907423** |
|  **China - 6.4%** | **China - 6.4%** | **China - 6.4%** |
|  Alibaba Group Holding Ltd. \*<sup>(1)</sup> | 45800 | 505683 |
|  Anhui Conch Cement Co. Ltd., Class H <sup>(1)</sup> | 49331 | 171058 |
|  Hengan International Group Co. Ltd. <sup>(1)</sup> | 46985 | 248990 |
|  Trip.com Group Ltd.\*<sup>(1)</sup> | 15889 | 552184 |
|  |  | **1477915** |
|  **Finland - 1.5%** | **Finland - 1.5%** | **Finland - 1.5%** |
|  Nokia OYJ, ADR | 62173 | 288482 |
|  Nokia OYJ <sup>(1)</sup> | 14436 | 67077 |
|  |  | **355559** |
|  **France - 10.3%** | **France - 10.3%** | **France - 10.3%** |
|  Danone SA <sup>(1)</sup> | 20155 | 1061854 |
|  Safran SA <sup>(1)</sup> | 5848 | 730733 |
|  Sodexo SA <sup>(1)</sup> | 5332 | 510118 |
|  Sodexo SA (Registered Shares) <sup>(1)(2)</sup> | 737 | 70530 |
|  |  | **2373235** |
|  **Germany - 2.4%** | **Germany - 2.4%** | **Germany - 2.4%** |
|  adidas AG <sup>(1)</sup> | 2443 | 333474 |
|  Fresenius Medical Care AG & Co. KGaA <sup>(1)</sup> | 6687 | 218719 |
|  |  | **552193** |
|  **India - 3.7%** | **India - 3.7%** | **India - 3.7%** |
|  HCL Technologies Ltd. <sup>(1)</sup> | 54993 | 687963 |
|  Indus Towers Ltd. <sup>(1)</sup> | 69504 | 159630 |
|  |  | **847593** |
|  **Ireland - 2.9%** | **Ireland - 2.9%** | **Ireland - 2.9%** |
|  CRH plc <sup>(1)</sup> | 6531 | 258580 |
|  Ryanair Holdings plc \*<sup>(1)</sup> | 1846 | 24149 |
|  Ryanair Holdings plc, Equity-Linked Security \*<sup>(1)(3)(4)</sup> | 28969 | 379039 |
|  |  | **661768** |
|  **Italy - 0.1%** | **Italy - 0.1%** | **Italy - 0.1%** |
|  Iveco Group NV \*<sup>(1)</sup> | 4472 | 26546 |
|  **Japan - 2.1%** | **Japan - 2.1%** | **Japan - 2.1%** |
|  Nintendo Co. Ltd. <sup>(1)</sup> | 5050 | 211464 |
|  Seven & i Holdings Co. Ltd. <sup>(1)</sup> | 6523 | 279028 |
|  |  | **490492** |
|  **Mexico - 0.8%** | **Mexico - 0.8%** | **Mexico - 0.8%** |
|  Gruma SAB de CV, Class B | 13169 | 175924 |
|  **Netherlands - 5.5%** | **Netherlands - 5.5%** | **Netherlands - 5.5%** |
|  ING Groep NV <sup>(1)</sup> | 49082 | 598817 |
|  Koninklijke Philips NV <sup>(1)</sup> | 27783 | 417000 |
|  Universal Music Group NV <sup>(1)</sup> | 10106 | 243947 |
|  |  | **1259764** |
|  **South Korea - 6.8%** | **South Korea - 6.8%** | **South Korea - 6.8%** |
|  NAVER Corp.<sup>(1)</sup> | 2169 | 308037 |
|  Samsung Electronics Co. Ltd. <sup>(1)</sup> | 19149 | 844454 |
|  Samsung Electronics Co. Ltd. (Preference) <sup>(1)</sup> | 10041 | 404008 |
|  |  | **1556499** |
|  **Spain - 1.2%** | **Spain - 1.2%** | **Spain - 1.2%** |
|  CaixaBank SA <sup>(1)</sup> | 69092 | 271206 |
|  **Switzerland - 13.4%** | **Switzerland - 13.4%** | **Switzerland - 13.4%** |
|  ABB Ltd. <sup>(1)</sup> | 26384 | 803604 |
|  Accelleron Industries AG\* <sup>(1)</sup> | 1362 | 28210 |
|  Cie Financiere Richemont SA<sup>(1)</sup> | 4278 | 553565 |
|  Novartis AG <sup>(1)</sup> | 12996 | 1177180 |
|  UBS Group AG <sup>(1)</sup> | 27983 | 521600 |
|  |  | **3084159** |
|  **United Kingdom - 14.4%** | **United Kingdom - 14.4%** | **United Kingdom - 14.4%** |
|  Associated British Foods plc <sup>(1)</sup> | 15130 | 288245 |
|  Berkeley Group Holdings plc <sup>(1)(5)</sup> | 5437 | 247542 |
|  CNH Industrial NV <sup>(1)</sup> | 22532 | 361870 |
|  Compass Group plc <sup>(1)</sup> | 41085 | 949340 |
|  Inchcape plc <sup>(1)</sup> | 6132 | 60530 |
|  Liberty Global plc, Class A \* | 9636 | 182402 |
|  Liberty Global plc, Class C \* | 6333 | 123058 |
|  Lloyds Banking Group plc <sup>(1)</sup> | 796207 | 437224 |
|  RELX plc (London Stock Exchange) <sup>(1)</sup> | 22561 | 625068 |
|  RELX plc (Turquoise Stock Exchange) <sup>(1)</sup> | 1323 | 36493 |
|  |  | **3311772** |
|  **United States - 15.2%** | **United States - 15.2%** | **United States - 15.2%** |
|  Arch Capital Group Ltd. \*<sup>(5)</sup> | 21095 | 1324339 |
|  Garmin Ltd. | 5092 | 469947 |
|  Holcim AG \*<sup>(1)</sup> | 12224 | 630335 |
|  Sensata Technologies Holding plc <sup>(5)</sup> | 8290 | 334738 |
|  Willis Towers Watson plc | 3012 | 736719 |
|  |  | **3496078** |
|  **Total common stocks and equity-linked security (Cost $18,512,452)** | **Total common stocks and equity-linked security (Cost $18,512,452)** | **21407790** |
|  **SHORT-TERM INVESTMENT - 5.7%** | **SHORT-TERM INVESTMENT - 5.7%** | **SHORT-TERM INVESTMENT - 5.7%** |
|  **INVESTMENT COMPANY - 5.7%** | **INVESTMENT COMPANY - 5.7%** | **INVESTMENT COMPANY - 5.7%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $1,321,502) | 1321502 | 1321502 |
|  **Total investments - 98.8% (Cost $19,833,954)** | **Total investments - 98.8% (Cost $19,833,954)** | **22729292** |
|  **Other assets less liabilities - 1.2%** | **Other assets less liabilities - 1.2%** | **281003** |
|  **Total net assets - 100.0%<sup>#</sup>** | **Total net assets - 100.0%<sup>#</sup>** | $**23010295** |

---

------

<sup>(1)</sup> 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 $16,713,491, or 72.6% of total net assets. See notes (A) and (B) in the accompanying notes. 

------

**Artisan International Value Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

<sup>(2)</sup> Security is restricted.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition**<br>**Date** | **Cost** | **Value** | **Percentage of<br>Total Net Assets** |
|  Sodexo SA (Registered Shares) | 09/04/2020 | $&nbsp;&nbsp;&nbsp;&nbsp;63852 | $&nbsp;&nbsp;&nbsp;&nbsp;70530 | 0.3% |

---

<sup>(3)</sup> 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**<br>**Dates** | **Cost** | **Value** | **Percentage of<br>Total Net Assets** |
|  Ryanair Holdings plc | 11/14/2013 - 10/20/2022 | $&nbsp;&nbsp;&nbsp;&nbsp;322520 | $&nbsp;&nbsp;&nbsp;&nbsp;379039 | 1.6% |

---

<sup>(4)</sup> 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.

<sup>(5)</sup> Affiliated company as defined under the Investment Company Act of 1940.

**OTC TOTAL RETURN SWAP** 

(Values in thousands)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br>Entity** | **Payments Made by Fund** | **Payments**<br> **Received by**<br> **Portfolio** | **Frequency of**<br> **Payments**<br> **Made/Received** | **Counterparty** | **Maturity**<br>**Date** | **Notional**<br> **Amount** | **Upfront**<br>**Payments**<br>**(Receipts)** | **Unrealized**<br>**Appreciation** | **Value** |
|  Gruma SAB de CV | Fed funds rate + 0.70% and decrease in total return of reference entity | Increase in total return of reference entity | Monthly | UBS AG | 9/21/2023 | USD 1,800 | – | 452 | 452 |
|  Total |  |  |  |  |  |  | – | 452 | 452 |

---

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  Communication Services | $1379805 | 6.1% |
|  Consumer Discretionary | 4252913 | 18.7 |
|  Consumer Staples | 2618705 | 11.5 |
|  Energy | 342759 | 1.5 |
|  Financials | 4298302 | 18.9 |
|  Health Care | 1812899 | 8.0 |
|  Industrials | 3350450 | 14.7 |
|  Information Technology | 2291984 | 10.1 |
|  Materials | 1059973 | 4.7 |
|  Short-Term Investment | 1321502 | 5.8 |
|  **Total investments** | $**22729292** | **100.0%** |

---

------

**Artisan International Value Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  CAD | $907423 | 4.0% |
|  CHF | 3714494 | 16.3 |
|  EUR | 5639510 | 24.8 |
|  GBP | 2607949 | 11.5 |
|  HKD | 1477915 | 6.5 |
|  INR | 847593 | 3.7 |
|  JPY | 490492 | 2.2 |
|  KRW | 1556499 | 6.8 |
|  MXN | 175924 | 0.8 |
|  USD | 5311493 | 23.4 |
|  **Total investments** | $**22729292** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-Port Part F.

------

**Artisan Mid Cap Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 96.2%** | **COMMON STOCKS - 96.2%** | **COMMON STOCKS - 96.2%** |
|  **Auto Components - 0.7%** | **Auto Components - 0.7%** | **Auto Components - 0.7%** |
|  Aptiv plc \* | 303 | $28255 |
|  **Banks - 2.6%** | **Banks - 2.6%** | **Banks - 2.6%** |
|  First Republic Bank | 503 | 61366 |
|  SVB Financial Group \* | 198 | 45650 |
|  |  | **107016** |
|  **Biotechnology - 11.0%** | **Biotechnology - 11.0%** | **Biotechnology - 11.0%** |
|  Argenx SE, ADR \*<sup>(1)</sup> | 384 | 145555 |
|  Ascendis Pharma A/S, ADR \*<sup>(1)</sup> | 1335 | 163065 |
|  BioNTech SE, ADR <sup>(1)</sup> | 356 | 53455 |
|  Exact Sciences Corp. \* | 602 | 29784 |
|  Genmab A/S \*<sup>(1)(2)</sup> | 48 | 20536 |
|  Halozyme Therapeutics, Inc. \* | 616 | 35032 |
|  |  | **447427** |
|  **Building Products - 1.0%** | **Building Products - 1.0%** | **Building Products - 1.0%** |
|  Advanced Drainage Systems, Inc. | 198 | 16246 |
|  Trex Co., Inc. \* | 584 | 24709 |
|  |  | **40955** |
|  **Capital Markets - 7.8%** | **Capital Markets - 7.8%** | **Capital Markets - 7.8%** |
|  LPL Financial Holdings, Inc. | 207 | 44647 |
|  MSCI, Inc. | 211 | 98158 |
|  Nasdaq, Inc. | 2045 | 125440 |
|  Tradeweb Markets, Inc., Class A | 766 | 49730 |
|  |  | **317975** |
|  **Communications Equipment - 2.2%** | **Communications Equipment - 2.2%** | **Communications Equipment - 2.2%** |
|  Arista Networks, Inc. \* | 719 | 87300 |
|  **Electronic Equipment, Instruments & Components - 2.0%** | **Electronic Equipment, Instruments & Components - 2.0%** | **Electronic Equipment, Instruments & Components - 2.0%** |
|  Teledyne Technologies, Inc. \* | 200 | 79967 |
|  **Entertainment - 0.8%** | **Entertainment - 0.8%** | **Entertainment - 0.8%** |
|  Take-Two Interactive Software, Inc. \* | 301 | 31387 |
|  **Health Care Equipment & Supplies - 4.3%** | **Health Care Equipment & Supplies - 4.3%** | **Health Care Equipment & Supplies - 4.3%** |
|  Cooper Cos., Inc. (The) | 110 | 36464 |
|  Dexcom, Inc. \* | 598 | 67761 |
|  Envista Holdings Corp. \* | 1288 | 43377 |
|  iRhythm Technologies, Inc. \* | 285 | 26696 |
|  |  | **174298** |
|  **Health Care Technology - 4.5%** | **Health Care Technology - 4.5%** | **Health Care Technology - 4.5%** |
|  Veeva Systems, Inc., Class A \* | 1133 | 182924 |
|  **Hotels, Restaurants & Leisure - 2.9%** | **Hotels, Restaurants & Leisure - 2.9%** | **Hotels, Restaurants & Leisure - 2.9%** |
|  Chipotle Mexican Grill, Inc. \* | 85 | 117767 |
|  **Insurance - 1.6%** | **Insurance - 1.6%** | **Insurance - 1.6%** |
|  Arthur J Gallagher & Co. | 105 | 19785 |
|  Ryan Specialty Holdings, Inc., Class A \* | 1113 | 46210 |
|  |  | **65995** |
|  **Interactive Media & Services - 2.0%** | **Interactive Media & Services - 2.0%** | **Interactive Media & Services - 2.0%** |
|  Match Group, Inc. \* | 572 | 23719 |
|  ZoomInfo Technologies, Inc., Class A \* | 1915 | 57659 |
|  |  | **81378** |
|  **Internet & Direct Marketing Retail - 1.8%** | **Internet & Direct Marketing Retail - 1.8%** | **Internet & Direct Marketing Retail - 1.8%** |
|  Etsy, Inc. \* | 401 | 48039 |
|  Global-e Online Ltd. \*<sup>(1)</sup> | 1205 | 24877 |
|  |  | **72916** |
|  **IT Services - 4.2%** | **IT Services - 4.2%** | **IT Services - 4.2%** |
|  Global Payments, Inc. | 1437 | 142674 |
|  Shopify, Inc., Class A \*<sup>(1)</sup> | 866 | 30053 |
|  |  | **172727** |
|  **Life Sciences Tools & Services - 6.4%** | **Life Sciences Tools & Services - 6.4%** | **Life Sciences Tools & Services - 6.4%** |
|  Agilent Technologies, Inc. | 730 | 109216 |
|  Repligen Corp. \* | 335 | 56683 |
|  West Pharmaceutical Services, Inc. | 409 | 96301 |
|  |  | **262200** |
|  **Machinery - 6.1%** | **Machinery - 6.1%** | **Machinery - 6.1%** |
|  CNH Industrial NV <sup>(1)</sup> | 3841 | 61692 |
|  Fortive Corp. | 1019 | 65457 |
|  Ingersoll Rand, Inc. | 2329 | 121684 |
|  |  | **248833** |
|  **Multiline Retail - 0.6%** | **Multiline Retail - 0.6%** | **Multiline Retail - 0.6%** |
|  Dollar Tree, Inc. \* | 169 | 23838 |
|  **Pharmaceuticals - 2.5%** | **Pharmaceuticals - 2.5%** | **Pharmaceuticals - 2.5%** |
|  Catalent, Inc. \* | 2255 | 101504 |
|  **Professional Services - 2.1%** | **Professional Services - 2.1%** | **Professional Services - 2.1%** |
|  CoStar Group, Inc. \* | 786 | 60768 |
|  Verisk Analytics, Inc. | 128 | 22513 |
|  |  | **83281** |
|  **Road & Rail - 0.5%** | **Road & Rail - 0.5%** | **Road & Rail - 0.5%** |
|  Saia, Inc. \* | 94 | 19763 |
|  **Semiconductors & Semiconductor Equipment - 8.4%** | **Semiconductors & Semiconductor Equipment - 8.4%** | **Semiconductors & Semiconductor Equipment - 8.4%** |
|  Lattice Semiconductor Corp. \* | 2352 | 152621 |
|  Marvell Technology, Inc. | 534 | 19797 |
|  Monolithic Power Systems, Inc. | 197 | 69532 |
|  ON Semiconductor Corp. \* | 1634 | 101929 |
|  |  | **343879** |
|  **Software - 17.3%** | **Software - 17.3%** | **Software - 17.3%** |
|  Atlassian Corp., Class A \* | 795 | 102297 |
|  Bentley Systems, Inc., Class B | 826 | 30536 |
|  Bill.com Holdings, Inc. \* | 542 | 59027 |
|  Ceridian HCM Holding, Inc. \* | 496 | 31823 |
|  Datadog, Inc., Class A \* | 775 | 56989 |
|  HubSpot, Inc. \* | 541 | 156495 |
|  Synopsys, Inc. \* | 322 | 102697 |
|  Tyler Technologies, Inc. \* | 201 | 64913 |
|  Zscaler, Inc. \* | 905 | 101297 |
|  |  | **706074** |
|  **Specialty Retail - 1.3%** | **Specialty Retail - 1.3%** | **Specialty Retail - 1.3%** |
|  Five Below, Inc. \* | 296 | 52323 |
|  **Textiles, Apparel & Luxury Goods - 1.6%** | **Textiles, Apparel & Luxury Goods - 1.6%** | **Textiles, Apparel & Luxury Goods - 1.6%** |
|  Lululemon Athletica, Inc. \* | 208 | 66598 |
|  **Total common stocks (Cost $3,095,988)** | **Total common stocks (Cost $3,095,988)** | **3916580** |

---

------

**Artisan Mid Cap Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  **SHORT-TERM INVESTMENT - 2.8%** | **SHORT-TERM INVESTMENT - 2.8%** | **SHORT-TERM INVESTMENT - 2.8%** |
|  **INVESTMENT COMPANY - 2.8%** | **INVESTMENT COMPANY - 2.8%** | **INVESTMENT COMPANY - 2.8%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $114,803) | 114803 | 114803 |
|  **Total investments - 99.0% (Cost $3,210,791)** | **Total investments - 99.0% (Cost $3,210,791)** | **4031383** |
|  **Other assets less liabilities - 1.0%** | **Other assets less liabilities - 1.0%** | **41912** |
|  **Total net assets - 100.0%<sup>#</sup>** | **Total net assets - 100.0%<sup>#</sup>** | $**4073295** |

---

------

<sup>(1)</sup> 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 Mid Cap Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Security** | **Country** | **Trading Currency** |
|  Argenx SE | Netherlands | USD |
|  Ascendis Pharma A/S | Denmark | USD |
|  BioNTech SE | Germany | USD |
|  CNH Industrial NV | United Kingdom | USD |
|  Genmab A/S | Denmark | DKK |
|  Global-e Online Ltd. | Israel | USD |
|  Shopify, Inc. | Canada | USD |

---

<sup>(2)</sup> 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 $20,536, or 0.5% of total net assets. See notes (A) and (B) in the accompanying notes. 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  Communication Services | $112766 | 2.8% |
|  Consumer Discretionary | 361697 | 9.0 |
|  Financials | 490988 | 12.2 |
|  Health Care | 1168351 | 29.0 |
|  Industrials | 392832 | 9.7 |
|  Information Technology | 1389946 | 34.5 |
|  Short-Term Investment | 114803 | 2.8 |
|  **Total investments** | $**4031383** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of**<br>**Total Investments** |
|  DKK | $20536 | 0.5% |
|  USD | 4010847 | 99.5 |
|  **Total investments** | $**4031383** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Mid Cap Value Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 97.5%** | **COMMON STOCKS - 97.5%** | **COMMON STOCKS - 97.5%** |
|  **Aerospace & Defense - 1.7%** | **Aerospace & Defense - 1.7%** | **Aerospace & Defense - 1.7%** |
|  CAE, Inc. \*<sup>(1)</sup> | 1165 | $22535 |
|  **Air Freight & Logistics - 1.9%** | **Air Freight & Logistics - 1.9%** | **Air Freight & Logistics - 1.9%** |
|  Expeditors International of Washington, Inc. | 241 | 25080 |
|  **Auto Components - 4.0%** | **Auto Components - 4.0%** | **Auto Components - 4.0%** |
|  BorgWarner, Inc. | 632 | 25432 |
|  Gentex Corp. | 951 | 25922 |
|  |  | **51354** |
|  **Banks - 5.5%** | **Banks - 5.5%** | **Banks - 5.5%** |
|  First Citizens BancShares, Inc., Class A | 40 | 30497 |
|  M&T Bank Corp. | 147 | 21312 |
|  Washington Federal, Inc. | 572 | 19188 |
|  |  | **70997** |
|  **Capital Markets - 4.8%** | **Capital Markets - 4.8%** | **Capital Markets - 4.8%** |
|  Carlyle Group, Inc. (The) | 556 | 16591 |
|  Moelis & Co., Class A | 581 | 22293 |
|  Northern Trust Corp. | 266 | 23555 |
|  |  | **62439** |
|  **Chemicals - 2.6%** | **Chemicals - 2.6%** | **Chemicals - 2.6%** |
|  Celanese Corp. | 162 | 16590 |
|  Corteva, Inc. | 295 | 17367 |
|  |  | **33957** |
|  **Consumer Finance - 2.2%** | **Consumer Finance - 2.2%** | **Consumer Finance - 2.2%** |
|  Synchrony Financial | 883 | 29001 |
|  **Diversified Consumer Services - 1.5%** | **Diversified Consumer Services - 1.5%** | **Diversified Consumer Services - 1.5%** |
|  H&R Block, Inc. | 517 | 18875 |
|  **Electric Utilities - 2.8%** | **Electric Utilities - 2.8%** | **Electric Utilities - 2.8%** |
|  OGE Energy Corp. | 920 | 36367 |
|  **Electrical Equipment - 2.5%** | **Electrical Equipment - 2.5%** | **Electrical Equipment - 2.5%** |
|  nVent Electric plc | 822 | 31604 |
|  Electronic Equipment, Instruments & Components - 2.2% | Electronic Equipment, Instruments & Components - 2.2% | Electronic Equipment, Instruments & Components - 2.2% |
|  **Vontier Corp.** | 1462 | 28266 |
|  **Energy Equipment & Services - 3.1%** | **Energy Equipment & Services - 3.1%** | **Energy Equipment & Services - 3.1%** |
|  NOV, Inc. | 1917 | 40044 |
|  **Entertainment - 3.4%** | **Entertainment - 3.4%** | **Entertainment - 3.4%** |
|  Electronic Arts, Inc. | 196 | 23928 |
|  Warner Bros Discovery, Inc. \* | 2061 | 19540 |
|  |  | **43468** |
|  **Equity Real Estate Investment Trusts (REITs) - 3.9%** | **Equity Real Estate Investment Trusts (REITs) - 3.9%** | **Equity Real Estate Investment Trusts (REITs) - 3.9%** |
|  Lamar Advertising Co., Class A | 371 | 34996 |
|  Public Storage | 53 | 14829 |
|  |  | **49825** |
|  **Food & Staples Retailing - 3.7%** | **Food & Staples Retailing - 3.7%** | **Food & Staples Retailing - 3.7%** |
|  Kroger Co. (The) | 596 | 26561 |
|  Sysco Corp. | 277 | 21208 |
|  |  | **47769** |
|  **Food Products - 2.0%** | **Food Products - 2.0%** | **Food Products - 2.0%** |
|  Tyson Foods, Inc., Class A | 411 | 25584 |
|  **Health Care Equipment & Supplies - 2.5%** | **Health Care Equipment & Supplies - 2.5%** | **Health Care Equipment & Supplies - 2.5%** |
|  Dentsply Sirona, Inc. | 1000 | 31850 |
|  **Health Care Providers & Services - 3.9%** | **Health Care Providers & Services - 3.9%** | **Health Care Providers & Services - 3.9%** |
|  AmerisourceBergen Corp. | 119 | 19742 |
|  Centene Corp. \* | 368 | 30180 |
|  |  | **49922** |
|  **Hotels, Restaurants & Leisure - 6.5%** | **Hotels, Restaurants & Leisure - 6.5%** | **Hotels, Restaurants & Leisure - 6.5%** |
|  Expedia Group, Inc. \* | 298 | 26083 |
|  Marriott International, Inc., Class A | 208 | 31042 |
|  Vail Resorts, Inc. | 114 | 27101 |
|  |  | **84226** |
|  **Insurance - 8.2%** | **Insurance - 8.2%** | **Insurance - 8.2%** |
|  Arch Capital Group Ltd. \* | 695 | 43661 |
|  Globe Life, Inc. | 375 | 45181 |
|  Progressive Corp. (The) | 126 | 16339 |
|  |  | **105181** |
|  **Interactive Media & Services - 1.7%** | **Interactive Media & Services - 1.7%** | **Interactive Media & Services - 1.7%** |
|  IAC, Inc. \* | 504 | 22364 |
|  **Machinery - 1.8%** | **Machinery - 1.8%** | **Machinery - 1.8%** |
|  Otis Worldwide Corp. | 298 | 23311 |
|  **Media - 8.9%** | **Media - 8.9%** | **Media - 8.9%** |
|  Cable One, Inc. | 39 | 27871 |
|  Liberty Broadband Corp., Class C \* | 83 | 6359 |
|  Liberty Media Corp.-Liberty SiriusXM, Class A \* | 309 | 12154 |
|  Liberty Media Corp.-Liberty SiriusXM, Class C \* | 307 | 12026 |
|  News Corp., Class A | 1537 | 27977 |
|  Omnicom Group, Inc. | 355 | 28950 |
|  |  | **115337** |
|  **Real Estate Management & Development - 1.3%** | **Real Estate Management & Development - 1.3%** | **Real Estate Management & Development - 1.3%** |
|  Jones Lang LaSalle, Inc. \* | 108 | 17185 |
|  **Road & Rail - 3.5%** | **Road & Rail - 3.5%** | **Road & Rail - 3.5%** |
|  U-Haul Holding Co., Series N | 730 | 40133 |
|  U-Haul Holding Co. | 84 | 5032 |
|  |  | **45165** |
|  **Semiconductors & Semiconductor Equipment - 3.9%** | **Semiconductors & Semiconductor Equipment - 3.9%** | **Semiconductors & Semiconductor Equipment - 3.9%** |
|  Analog Devices, Inc. | 310 | 50883 |
|  **Software - 2.1%** | **Software - 2.1%** | **Software - 2.1%** |
|  Check Point Software Technologies Ltd. \*<sup>(1)</sup> | 215 | 27163 |
|  **Specialty Retail - 2.3%** | **Specialty Retail - 2.3%** | **Specialty Retail - 2.3%** |
|  AutoNation, Inc. \* | 271 | 29031 |
|  **Technology Hardware, Storage & Peripherals - 1.4%** | **Technology Hardware, Storage & Peripherals - 1.4%** | **Technology Hardware, Storage & Peripherals - 1.4%** |
|  NetApp, Inc. | 297 | 17846 |
|  **Trading Companies & Distributors - 1.7%** | **Trading Companies & Distributors - 1.7%** | **Trading Companies & Distributors - 1.7%** |
|  Air Lease Corp. | 569 | 21863 |
|  **Total common stocks (Cost $841,829)** | **Total common stocks (Cost $841,829)** | **1258492** |
|  **SHORT-TERM INVESTMENT - 1.6%** | **SHORT-TERM INVESTMENT - 1.6%** | **SHORT-TERM INVESTMENT - 1.6%** |
|  **INVESTMENT COMPANY - 1.6%** | **INVESTMENT COMPANY - 1.6%** | **INVESTMENT COMPANY - 1.6%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $21,139) | 21139 | 21139 |

---

------

**Artisan Mid Cap Value Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | |
|:---|:---|
|  **Total investments - 99.1% (Cost $862,968)** | **1279631** |
|  **Other assets less liabilities - 0.9%** | **11162** |
|  **Total net assets - 100.0%<sup>#</sup>** | $**1290793** |

---

------

<sup>(1)</sup> 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** |
|  CAE, Inc. | Canada | USD |
|  Check Point Software Technologies Ltd. | Israel | USD |

---

---

| | | |
|:---|:---|:---|
|  **PORTFOLIO DIVERSIFICATION** |  |  |
|  Dollar values in thousands |  |  |
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $181170 | 14.2% |
|  Consumer Discretionary | 183485 | 14.3 |
|  Consumer Staples | 73353 | 5.7 |
|  Energy | 40044 | 3.1 |
|  Financials | 267618 | 20.9 |
|  Health Care | 81772 | 6.4 |
|  Industrials | 169557 | 13.3 |
|  Information Technology | 124158 | 9.7 |
|  Materials | 33957 | 2.7 |
|  Real Estate | 67011 | 5.2 |
|  Utilities | 36367 | 2.8 |
|  Short-Term Investment | 21139 | 1.7 |
|  **Total investments** | $**1279631** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Select Equity Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 93.0%** | **COMMON STOCKS - 93.0%** | **COMMON STOCKS - 93.0%** |
|  **Air Freight & Logistics - 1.5%** | **Air Freight & Logistics - 1.5%** | **Air Freight & Logistics - 1.5%** |
|  FedEx Corp. | 3 | $517 |
|  **Airlines - 1.7%** | **Airlines - 1.7%** | **Airlines - 1.7%** |
|  Southwest Airlines Co. \* | 17 | 580 |
|  **Automobiles - 4.6%** | **Automobiles - 4.6%** | **Automobiles - 4.6%** |
|  Harley-Davidson, Inc. | 37 | 1528 |
|  **Banks - 4.6%** | **Banks - 4.6%** | **Banks - 4.6%** |
|  Citigroup, Inc. | 34 | 1530 |
|  **Capital Markets - 5.4%** | **Capital Markets - 5.4%** | **Capital Markets - 5.4%** |
|  Bank of New York Mellon Corp. (The) | 39 | 1788 |
|  **Chemicals - 6.1%** | **Chemicals - 6.1%** | **Chemicals - 6.1%** |
|  Axalta Coating Systems Ltd. \* | 80 | 2028 |
|  **Construction Materials - 5.4%** | **Construction Materials - 5.4%** | **Construction Materials - 5.4%** |
|  HeidelbergCement AG <sup>(1)(2)</sup> | 31 | 1784 |
|  **Consumer Finance - 4.9%** | **Consumer Finance - 4.9%** | **Consumer Finance - 4.9%** |
|  American Express Co. | 11 | 1636 |
|  **Diversified Financial Services - 5.9%** | **Diversified Financial Services - 5.9%** | **Diversified Financial Services - 5.9%** |
|  Berkshire Hathaway, Inc., Class B \* | 6 | 1974 |
|  **Food Products - 5.0%** | **Food Products - 5.0%** | **Food Products - 5.0%** |
|  Danone SA <sup>(1)(2)</sup> | 31 | 1658 |
|  **Health Care Equipment & Supplies - 5.2%** | **Health Care Equipment & Supplies - 5.2%** | **Health Care Equipment & Supplies - 5.2%** |
|  Dentsply Sirona, Inc. | 54 | 1725 |
|  **Health Care Providers & Services - 4.9%** | **Health Care Providers & Services - 4.9%** | **Health Care Providers & Services - 4.9%** |
|  Elevance Health, Inc. | 3 | 1633 |
|  **Hotels, Restaurants & Leisure - 6.5%** | **Hotels, Restaurants & Leisure - 6.5%** | **Hotels, Restaurants & Leisure - 6.5%** |
|  Aramark | 26 | 1089 |
|  Expedia Group, Inc. \* | 12 | 1069 |
|  |  | **2158** |
|  **Insurance - 7.8%** | **Insurance - 7.8%** | **Insurance - 7.8%** |
|  Marsh & McLennan Cos., Inc. | 6 | 984 |
|  Progressive Corp. (The) | 13 | 1630 |
|  |  | **2614** |
|  **Interactive Media & Services - 9.6%** | **Interactive Media & Services - 9.6%** | **Interactive Media & Services - 9.6%** |
|  Alphabet, Inc., Class A \* | 17 | 1535 |
|  Meta Platforms, Inc., Class A \* | 14 | 1652 |
|  |  | **3187** |
|  **Internet & Direct Marketing Retail - 4.2%** | **Internet & Direct Marketing Retail - 4.2%** | **Internet & Direct Marketing Retail - 4.2%** |
|  Alibaba Group Holding Ltd., ADR \*<sup>(1)</sup> | 16 | 1398 |
|  **Semiconductors & Semiconductor Equipment - 2.6%** | **Semiconductors & Semiconductor Equipment - 2.6%** | **Semiconductors & Semiconductor Equipment - 2.6%** |
|  Lam Research Corp. | 2 | 861 |
|  **Specialty Retail - 2.0%** | **Specialty Retail - 2.0%** | **Specialty Retail - 2.0%** |
|  Advance Auto Parts, Inc. | 5 | 662 |
|  **Technology Hardware, Storage & Peripherals - 5.1%** | **Technology Hardware, Storage & Peripherals - 5.1%** | **Technology Hardware, Storage & Peripherals - 5.1%** |
|  Samsung Electronics Co. Ltd. <sup>(1)(2)</sup> | 39 | 1699 |
|  **Total common stocks (Cost $32,374)** | **Total common stocks (Cost $32,374)** | **30960** |
|  **SHORT-TERM INVESTMENT - 6.6%** | **SHORT-TERM INVESTMENT - 6.6%** | **SHORT-TERM INVESTMENT - 6.6%** |
|  **INVESTMENT COMPANY - 6.6%** | **INVESTMENT COMPANY - 6.6%** | **INVESTMENT COMPANY - 6.6%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $2,187) | 2187 | 2187 |
|  **Total investments - 99.6% (Cost $34,561)** | **Total investments - 99.6% (Cost $34,561)** | **33147** |
|  **Other assets less liabilities - 0.4%** | **Other assets less liabilities - 0.4%** | **135** |
|  **Total net assets - 100.0% <sup>#</sup>** | **Total net assets - 100.0% <sup>#</sup>** | $**33282** |

---

------

<sup>(1)</sup> 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, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Security** | **Country** | **Trading Currency** |
|  Alibaba Group Holding Ltd. | China | USD |
|  Danone SA | France | EUR |
|  HeidelbergCement AG | Germany | EUR |
|  Samsung Electronics Co. Ltd. | South Korea | KRW |

---

<sup>(2)</sup> 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 $5,141, or 15.4% of total net assets. See notes (A) and (B) in the accompanying notes. 

---

| | | |
|:---|:---|:---|
|  **PORTFOLIO DIVERSIFICATION** |  |  |
|  Dollar values in thousands |  |  |
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $3187 | 9.6% |
|  Consumer Discretionary | 5746 | 17.4 |
|  Consumer Staples | 1658 | 5.0 |
|  Financials | 9542 | 28.8 |
|  Health Care | 3358 | 10.1 |
|  Industrials | 1097 | 3.3 |
|  Information Technology | 2560 | 7.7 |
|  Materials | 3812 | 11.5 |
|  Short-Term Investment | 2187 | 6.6 |
|  **Total investments** | $**33147** | **100.0%** |

---

---

| | | |
|:---|:---|:---|
|  **TRADING CURRENCIES** |  |  |
|  Dollar values in thousands |  |  |
|  | **Value** | **Percentage of<br>Total Investments** |
|  EUR | $3442 | 10.4% |
|  KRW | 1699 | 5.1 |
|  USD | 28006 | 84.5 |
|  **Total investments** | $**33147** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Small Cap Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 99.1%** | **COMMON STOCKS - 99.1%** | **COMMON STOCKS - 99.1%** |
|  **Banks - 1.8%** | **Banks - 1.8%** | **Banks - 1.8%** |
|  Live Oak Bancshares, Inc. | 425 | $12827 |
|  SVB Financial Group \* | 88 | 20296 |
|  |  | **33123** |
|  **Biotechnology - 24.4%** | **Biotechnology - 24.4%** | **Biotechnology - 24.4%** |
|  Argenx SE, ADR \*<sup>(1)</sup> | 253 | 95783 |
|  Ascendis Pharma A/S, ADR \*<sup>(1)</sup> | 703 | 85916 |
|  Avid Bioservices, Inc. \* | 626 | 8621 |
|  Denali Therapeutics, Inc. \* | 244 | 6773 |
|  Exact Sciences Corp. \* | 352 | 17447 |
|  Halozyme Therapeutics, Inc. \* | 3209 | 182609 |
|  Iovance Biotherapeutics, Inc. \* | 1530 | 9774 |
|  Veracyte, Inc. \* | 2092 | 49641 |
|  |  | **456564** |
|  **Building Products - 1.2%** | **Building Products - 1.2%** | **Building Products - 1.2%** |
|  Advanced Drainage Systems, Inc. | 164 | 13403 |
|  Trex Co., Inc. \* | 229 | 9704 |
|  |  | **23107** |
|  **Capital Markets - 2.0%** | **Capital Markets - 2.0%** | **Capital Markets - 2.0%** |
|  MarketAxess Holdings, Inc. | 34 | 9394 |
|  Morningstar, Inc. | 130 | 28170 |
|  |  | **37564** |
|  **Construction & Engineering - 5.2%** | **Construction & Engineering - 5.2%** | **Construction & Engineering - 5.2%** |
|  Valmont Industries, Inc. | 295 | 97673 |
|  **Diversified Consumer Services - 1.9%** | **Diversified Consumer Services - 1.9%** | **Diversified Consumer Services - 1.9%** |
|  Chegg, Inc. \* | 1411 | 35650 |
|  **Electrical Equipment - 1.4%** | **Electrical Equipment - 1.4%** | **Electrical Equipment - 1.4%** |
|  Shoals Technologies Group, Inc., Class A \* | 1024 | 25272 |
|  **Electronic Equipment, Instruments & Components - 3.0%** | **Electronic Equipment, Instruments & Components - 3.0%** | **Electronic Equipment, Instruments & Components - 3.0%** |
|  Novanta, Inc. \* | 414 | 56244 |
|  **Food Products - 0.6%** | **Food Products - 0.6%** | **Food Products - 0.6%** |
|  Freshpet, Inc. \* | 193 | 10181 |
|  **Health Care Equipment & Supplies - 7.1%** | **Health Care Equipment & Supplies - 7.1%** | **Health Care Equipment & Supplies - 7.1%** |
|  Envista Holdings Corp. \* | 434 | 14607 |
|  iRhythm Technologies, Inc. \* | 262 | 24511 |
|  Penumbra, Inc. \* | 71 | 15809 |
|  Shockwave Medical, Inc. \* | 381 | 78264 |
|  |  | **133191** |
|  **Health Care Providers & Services - 1.0%** | **Health Care Providers & Services - 1.0%** | **Health Care Providers & Services - 1.0%** |
|  Option Care Health, Inc. \* | 625 | 18808 |
|  **Hotels, Restaurants & Leisure - 4.8%** | **Hotels, Restaurants & Leisure - 4.8%** | **Hotels, Restaurants & Leisure - 4.8%** |
|  Papa John's International, Inc. | 438 | 36059 |
|  Wingstop, Inc. | 388 | 53378 |
|  |  | **89437** |
|  **Interactive Media & Services - 0.6%** | **Interactive Media & Services - 0.6%** | **Interactive Media & Services - 0.6%** |
|  Eventbrite, Inc., Class A \* | 1735 | 10169 |
|  **Internet & Direct Marketing Retail - 1.6%** | **Internet & Direct Marketing Retail - 1.6%** | **Internet & Direct Marketing Retail - 1.6%** |
|  Etsy, Inc. \* | 167 | 20061 |
|  Global-e Online Ltd. \*<sup>(1)</sup> | 490 | 10120 |
|  |  | **30181** |
|  **Life Sciences Tools & Services - 2.7%** | **Life Sciences Tools & Services - 2.7%** | **Life Sciences Tools & Services - 2.7%** |
|  Azenta, Inc. \* | 383 | 22312 |
|  Repligen Corp. \* | 169 | 28604 |
|  |  | **50916** |
|  **Machinery - 0.6%** | **Machinery - 0.6%** | **Machinery - 0.6%** |
|  John Bean Technologies Corp. | 51 | 4636 |
|  Kornit Digital Ltd. \*<sup>(1)</sup> | 267 | 6144 |
|  |  | **10780** |
|  **Pharmaceuticals - 1.8%** | **Pharmaceuticals - 1.8%** | **Pharmaceuticals - 1.8%** |
|  Catalent, Inc. \* | 740 | 33294 |
|  **Semiconductors & Semiconductor Equipment - 13.8%** | **Semiconductors & Semiconductor Equipment - 13.8%** | **Semiconductors & Semiconductor Equipment - 13.8%** |
|  Allegro MicroSystems, Inc. \*<sup>(1)</sup> | 996 | 29910 |
|  Ambarella, Inc. \* | 147 | 12047 |
|  Lattice Semiconductor Corp. \* | 1840 | 119370 |
|  MACOM Technology Solutions Holdings, Inc. \* | 215 | 13525 |
|  Monolithic Power Systems, Inc. | 176 | 62305 |
|  Wolfspeed, Inc. \* | 308 | 21262 |
|  |  | **258419** |
|  **Software - 20.4%** | **Software - 20.4%** | **Software - 20.4%** |
|  Bentley Systems, Inc., Class B | 813 | 30065 |
|  Blackline, Inc. \* | 971 | 65324 |
|  Ceridian HCM Holding, Inc. \* | 389 | 24962 |
|  Clearwater Analytics Holdings, Inc., Class A \* | 569 | 10676 |
|  DoubleVerify Holdings, Inc. \* | 1304 | 28634 |
|  Freshworks, Inc., Class A \* | 777 | 11428 |
|  Gitlab, Inc., Class A \* | 190 | 8648 |
|  Guidewire Software, Inc. \* | 638 | 39911 |
|  HubSpot, Inc. \* | 100 | 28776 |
|  Olo, Inc., Class A \* | 1222 | 7637 |
|  Paycor HCM, Inc. \* | 770 | 18831 |
|  Procore Technologies, Inc. \* | 120 | 5685 |
|  Sprout Social, Inc., Class A \* | 237 | 13380 |
|  Tyler Technologies, Inc. \* | 128 | 41373 |
|  Workiva, Inc. \* | 539 | 45292 |
|  |  | **380622** |
|  **Specialty Retail - 3.2%** | **Specialty Retail - 3.2%** | **Specialty Retail - 3.2%** |
|  Five Below, Inc. \* | 100 | 17711 |
|  Floor & Decor Holdings, Inc., Class A \* | 401 | 27947 |
|  Leslie's, Inc. \* | 1184 | 14460 |
|  |  | **60118** |
|  **Total common stocks (Cost $1,379,068)** | **Total common stocks (Cost $1,379,068)** | **1851313** |
|  **Total investments - 99.1% (Cost $1,379,068)** | **Total investments - 99.1% (Cost $1,379,068)** | **1851313** |
|  **Other assets less liabilities - 0.9%** | **Other assets less liabilities - 0.9%** | **16493** |
|  **Total net assets - 100.0% <sup>#</sup>** | **Total net assets - 100.0% <sup>#</sup>** | $**1867806** |

---

------

<sup>(1)</sup> 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 Small Cap Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Security** | **Country** | **Trading**<br>**Currency** |
|  Allegro MicroSystems, Inc. | Japan | USD |
|  Argenx SE | Netherlands | USD |
|  Ascendis Pharma A/S | Denmark | USD |
|  Global-e Online Ltd. | Israel | USD |
|  Kornit Digital Ltd. | Israel | USD |

---

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $10169 | 0.5% |
|  Consumer Discretionary | 215386 | 11.6 |
|  Consumer Staples | 10181 | 0.6 |
|  Financials | 70688 | 3.8 |
|  Health Care | 692773 | 37.4 |
|  Industrials | 156833 | 8.5 |
|  Information Technology | 695283 | 37.6 |
|  **Total investments** | $**1851313** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

------

**Artisan Sustainable Emerging Markets Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 97.0%** | **COMMON STOCKS - 97.0%** | **COMMON STOCKS - 97.0%** |
|  **Argentina - 1.3%** | **Argentina - 1.3%** | **Argentina - 1.3%** |
|  Despegar.com Corp. \* | 94 | $480 |
|  Loma Negra Cia Industrial Argentina SA, ADR | 57 | 392 |
|  |  | **872** |
|  **Brazil - 8.7%** | **Brazil - 8.7%** | **Brazil - 8.7%** |
|  Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA <sup>(1)</sup> | 687 | 146 |
|  GPS Participacoes e Empreendimentos SA \*<sup>(1)(2)</sup> | 381 | 856 |
|  Itau Unibanco Holding SA (Preference) <sup>(1)</sup> | 224 | 1065 |
|  Lojas Renner SA <sup>(1)</sup> | 155 | 584 |
|  MercadoLibre, Inc. \* | 2 | 1727 |
|  Vale SA <sup>(1)</sup> | 95 | 1617 |
|  |  | **5995** |
|  **Chile - 1.8%** | **Chile - 1.8%** | **Chile - 1.8%** |
|  Empresa Nacional de Telecomunicaciones SA | 193 | 666 |
|  Vina Concha y Toro SA | 448 | 566 |
|  |  | **1232** |
|  **China - 22.0%** | **China - 22.0%** | **China - 22.0%** |
|  Alibaba Group Holding Ltd. \*<sup>(1)</sup> | 251 | 2768 |
|  Baidu, Inc., Class A \*<sup>(1)</sup> | 69 | 989 |
|  Baozun, Inc., ADR \* | 19 | 98 |
|  China Traditional Chinese Medicine Holdings Co. Ltd. <sup>(1)</sup> | 3100 | 1410 |
|  Estun Automation Co. Ltd., Class A <sup>(1)</sup> | 636 | 1983 |
|  Kingsoft Cloud Holdings Ltd., ADR \* | 58 | 221 |
|  NIO, Inc., ADR \* | 34 | 331 |
|  Noah Holdings Ltd., ADR \* | 28 | 429 |
|  Prosus NV \*<sup>(1)</sup> | 28 | 1909 |
|  Tongwei Co. Ltd., Class A <sup>(1)</sup> | 102 | 564 |
|  Trip.com Group Ltd. \*<sup>(1)</sup> | 31 | 1062 |
|  Wuhan Raycus Fiber Laser Technologies Co. Ltd., Class A \*<sup>(1)</sup> | 208 | 706 |
|  Zhuzhou CRRC Times Electric Co. Ltd., Class H <sup>(1)</sup> | 557 | 2764 |
|  |  | **15234** |
|  **Greece - 3.8%** | **Greece - 3.8%** | **Greece - 3.8%** |
|  Alpha Services & Holdings SA \*<sup>(1)</sup> | 1052 | 1123 |
|  Mytilineos SA <sup>(1)</sup> | 69 | 1500 |
|  |  | **2623** |
|  **Hong Kong - 4.8%** | **Hong Kong - 4.8%** | **Hong Kong - 4.8%** |
|  AIA Group Ltd. <sup>(1)</sup> | 133 | 1470 |
|  China High Precision Automation Group Ltd. \*<sup>(1)(3)</sup> | 9066 |  |
|  Sino Biopharmaceutical Ltd. <sup>(1)</sup> | 3197 | 1872 |
|  |  | **3342** |
|  **India - 9.8%** | **India - 9.8%** | **India - 9.8%** |
|  Havells India Ltd. <sup>(1)</sup> | 88 | 1177 |
|  ICICI Bank Ltd. <sup>(1)</sup> | 236 | 2529 |
|  Infosys Ltd. <sup>(1)</sup> | 57 | 1027 |
|  Reliance Industries Ltd. <sup>(1)</sup> | 67 | 2047 |
|  |  | **6780** |
|  **Indonesia - 2.4%** | **Indonesia - 2.4%** | **Indonesia - 2.4%** |
|  Bank Rakyat Indonesia Persero Tbk. PT <sup>(1)</sup> | 3437 | 1089 |
|  Indofood CBP Sukses Makmur Tbk. PT <sup>(1)</sup> | 893 | 573 |
|  |  | **1662** |
|  **Kazakhstan - 2.1%** | **Kazakhstan - 2.1%** | **Kazakhstan - 2.1%** |
|  Kaspi.KZ JSC, GDR <sup>(1)</sup> | 21 | 1475 |
|  **Malaysia - 1.4%** | **Malaysia - 1.4%** | **Malaysia - 1.4%** |
|  Public Bank Bhd. <sup>(1)</sup> | 1001 | 981 |
|  **Mexico - 2.2%** | **Mexico - 2.2%** | **Mexico - 2.2%** |
|  Cemex SAB de CV \* | 1084 | 440 |
|  Corp. Inmobiliaria Vesta SAB de CV | 463 | 1098 |
|  |  | **1538** |
|  **Peru - 1.4%** | **Peru - 1.4%** | **Peru - 1.4%** |
|  Credicorp Ltd. | 7 | 934 |
|  **Portugal - 0.8%** | **Portugal - 0.8%** | **Portugal - 0.8%** |
|  Jeronimo Martins SGPS SA <sup>(1)</sup> | 25 | 534 |
|  **Russia - 0.0%** | **Russia - 0.0%** | **Russia - 0.0%** |
|  LUKOIL PJSC, ADR \*<sup>(1)(3)(4)</sup> | 19 |  |
|  MMC Norilsk Nickel PJSC, ADR <sup>(1)(3)(4)</sup> | 39 |  |
|  Ozon Holdings plc, ADR \*<sup>(1)(3)(4)</sup> | 25 |  |
|  Polyus PJSC, GDR \*<sup>(1)(3)(4)</sup> | 23 |  |
|  Sberbank of Russia PJSC \*<sup>(1)(3)(4)</sup> | 265 |  |
|  Yandex NV, Class A \*<sup>(1)(3)(4)</sup> | 14 |  |
|  |  | **—** |
|  **Singapore - 0.3%** | **Singapore - 0.3%** | **Singapore - 0.3%** |
|  Sea Ltd., ADR \* | 4 | 227 |
|  **South Africa - 3.0%** | **South Africa - 3.0%** | **South Africa - 3.0%** |
|  FirstRand Ltd. <sup>(1)</sup> | 294 | 1072 |
|  MTN Group Ltd. <sup>(1)</sup> | 134 | 1003 |
|  |  | **2075** |
|  **South Korea - 11.3%** | **South Korea - 11.3%** | **South Korea - 11.3%** |
|  HYBE Co. Ltd. \*<sup>(1)</sup> | 6 | 827 |
|  Samsung Biologics Co. Ltd. \*<sup>(1)</sup> | 2 | 1453 |
|  Samsung Electronics Co. Ltd. <sup>(1)</sup> | 108 | 4753 |
|  Shinhan Financial Group Co. Ltd. <sup>(1)</sup> | 28 | 769 |
|  |  | **7802** |
|  **Taiwan - 16.1%** | **Taiwan - 16.1%** | **Taiwan - 16.1%** |
|  E Ink Holdings, Inc. <sup>(1)</sup> | 412 | 2156 |
|  MediaTek, Inc. <sup>(1)</sup> | 92 | 1864 |
|  Sunny Friend Environmental Technology Co. Ltd. <sup>(1)</sup> | 180 | 1013 |

---

------

**Artisan Sustainable Emerging Markets Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  Taiwan Semiconductor Manufacturing Co. Ltd. <sup>(1)</sup> | 419 | 6102 |
|  |  | **11135** |
|  **Thailand - 0.8%** | **Thailand - 0.8%** | **Thailand - 0.8%** |
|  Bangkok Bank PCL <sup>(1)</sup> | 134 | 573 |
|  **United Arab Emirates - 1.0%** | **United Arab Emirates - 1.0%** | **United Arab Emirates - 1.0%** |
|  Americana Restaurants International plc \*<sup>(1)</sup> | 890 | 720 |
|  **United States - 1.1%** | **United States - 1.1%** | **United States - 1.1%** |
|  Globant SA \* | 4 | 723 |
|  **Vietnam - 0.9%** | **Vietnam - 0.9%** | **Vietnam - 0.9%** |
|  Vietnam Technological & Commercial Joint Stock Bank \*<sup>(1)</sup> | 557 | 611 |
|  **Total common stocks (Cost $72,545)** | **Total common stocks (Cost $72,545)** | **67068** |
|  **SHORT-TERM INVESTMENT - 2.8%** | **SHORT-TERM INVESTMENT - 2.8%** | **SHORT-TERM INVESTMENT - 2.8%** |
|  **INVESTMENT COMPANY - 2.8%** | **INVESTMENT COMPANY - 2.8%** | **INVESTMENT COMPANY - 2.8%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $1,969) | 1969 | **1969** |
|  **Total investments - 99.8% (Cost $74,514)** | **Total investments - 99.8% (Cost $74,514)** | **69037** |
|  **Other assets less liabilities - 0.2%** | **Other assets less liabilities - 0.2%** | **123** |
|  **Total net assets - 100.0% <sup>#</sup>** | **Total net assets - 100.0% <sup>#</sup>** | $**69160** |

---

------

<sup>(1)</sup> 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 $58,736, or 84.9% of total net assets. See notes (A) and (B) in the accompanying notes. 

<sup>(2)</sup> 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.

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

<sup>(4)</sup> Security is restricted.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition Dates** | **Cost** | **Value** | **Percentage of<br>Total Net Assets** |
|  LUKOIL PJSC | 11/27/2008 - 12/23/2021 | $1026 | $– | 0.0% |
|  MMC Norilsk Nickel PJSC | 09/25/2013 - 12/23/2021 | 736 | – | 0.0% |
|  Ozon Holdings plc | 11/24/2020 - 12/23/2021 | 900 | – | 0.0% |
|  Polyus PJSC | 10/13/2017 - 12/23/2021 | 1226 | – | 0.0% |
|  Sberbank of Russia PJSC | 01/08/2019 - 03/25/2020 | 772 | – | 0.0% |
|  Yandex NV | 03/10/2015 - 12/31/2021 | 613 | – | 0.0% |

---

------

**Artisan Sustainable Emerging Markets Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $3712 | 5.4% |
|  Consumer Discretionary | 9679 | 14.0 |
|  Consumer Staples | 2237 | 3.2 |
|  Energy | 2047 | 3.0 |
|  Financials | 14120 | 20.4 |
|  Health Care | 4735 | 6.9 |
|  Industrials | 9439 | 13.7 |
|  Information Technology | 17552 | 25.4 |
|  Materials | 2449 | 3.5 |
|  Real Estate | 1098 | 1.6 |
|  Short-Term Investment | 1969 | 2.9 |
|  **Total investments** | $**69037** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  AED | $720 | 1.0% |
|  BRL | 4268 | 6.2 |
|  CLP | 1232 | 1.8 |
|  CNY | 3253 | 4.7 |
|  EUR | 5066 | 7.3 |
|  HKD | 12335 | 17.9 |
|  IDR | 1662 | 2.4 |
|  INR | 6780 | 9.8 |
|  KRW | 7802 | 11.3 |
|  MXN | 1538 | 2.2 |
|  MYR | 981 | 1.4 |
|  THB | 573 | 0.8 |
|  TWD | 11135 | 16.2 |
|  USD | 9006 | 13.1 |
|  VND | 611 | 0.9 |
|  ZAR | 2075 | 3 |
|  **Total investments** | $**69037** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Value Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 98.3%** |  |  |
|  **Aerospace & Defense - 9.7%** |  |  |
|  Airbus SE <sup>(1)(2)</sup> | 53 | $6300 |
|  Northrop Grumman Corp. | 9 | 4908 |
|  Raytheon Technologies Corp. | 48 | 4846 |
|  Safran SA <sup>(1)(2)</sup> | 45 | 5633 |
|  |  | **21687** |
|  **Air Freight & Logistics - 2.9%** |  |  |
|  FedEx Corp. | 37 | 6452 |
|  **Banks - 2.2%** |  |  |
|  Bank of America Corp. | 151 | 5016 |
|  **Beverages - 2.2%** |  |  |
|  Heineken Holding NV <sup>(1)(2)</sup> | 62 | 4796 |
|  **Biotechnology - 1.7%** |  |  |
|  Vertex Pharmaceuticals, Inc.\* | 13 | 3863 |
|  **Capital Markets - 8.6%** |  |  |
|  Blackstone, Inc., Class A | 45 | 3340 |
|  CME Group, Inc. | 27 | 4468 |
|  Goldman Sachs Group, Inc. (The) | 16 | 5452 |
|  Morgan Stanley | 71 | 6040 |
|  |  | **19300** |
|  **Consumer Finance - 2.2%** |  |  |
|  Synchrony Financial | 151 | 4959 |
|  **Diversified Financial Services - 2.0%** |  |  |
|  Berkshire Hathaway, Inc., Class B\* | 15 | 4519 |
|  **Energy Equipment & Services - 3.7%** |  |  |
|  Schlumberger Ltd. | 153 | 8177 |
|  **Entertainment - 7.9%** |  |  |
|  Electronic Arts, Inc. | 38 | 4604 |
|  Netflix, Inc. \* | 19 | 5582 |
|  Walt Disney Co. (The) \* | 52 | 4476 |
|  Warner Bros Discovery, Inc. \* | 322 | 3051 |
|  |  | **17713** |
|  **Health Care Equipment & Supplies - 4.3%** |  |  |
|  Koninklijke Philips NV <sup>(1)(2)</sup> | 211 | 3172 |
|  Medtronic plc | 83 | 6415 |
|  |  | **9587** |
|  **Health Care Providers & Services - 2.3%** |  |  |
|  Cigna Corp. | 15 | 5112 |
|  **Hotels, Restaurants & Leisure - 9.3%** |  |  |
|  Booking Holdings, Inc.\* | 4 | 7759 |
|  Compass Group plc <sup>(1)(2)</sup> | 329 | 7608 |
|  Marriott International, Inc., Class A | 37 | 5498 |
|  |  | **20865** |
|  **Insurance - 3.4%** |  |  |
|  Arch Capital Group Ltd. \* | 119 | 7476 |
|  **Interactive Media & Services - 7.3%** |  |  |
|  Alphabet, Inc., Class C \* | 100 | 8901 |
|  Meta Platforms, Inc., Class A \* | 62 | 7405 |
|  |  | **16306** |
|  **IT Services - 5.1%** |  |  |
|  Fiserv, Inc. \* | 48 | 4887 |
|  Visa, Inc., Class A | 31 | 6469 |
|  |  | **11356** |
|  **Media - 3.3%** |  |  |
|  Comcast Corp., Class A | 211 | 7363 |
|  **Oil, Gas & Consumable Fuels - 3.9%** |  |  |
|  EOG Resources, Inc. | 66 | 8601 |
|  **Pharmaceuticals - 2.7%** |  |  |
|  Merck & Co., Inc. | 55 | 6083 |
|  **Semiconductors & Semiconductor Equipment - 1.8%** |  |  |
|  NXP Semiconductors NV <sup>(1)</sup> | 26 | 4033 |
|  **Specialty Retail - 1.5%** |  |  |
|  AutoNation, Inc. \* | 30 | 3263 |
|  **Technology Hardware, Storage & Peripherals - 2.5%** |  |  |
|  Samsung Electronics Co. Ltd. (Preference) <sup>(1)(2)</sup> | 137 | 5495 |
|  **Tobacco - 5.9%** |  |  |
|  Altria Group, Inc. | 129 | 5907 |
|  Philip Morris International, Inc. | 72 | 7273 |
|  |  | **13180** |
|  **Trading Companies & Distributors - 1.9%** |  |  |
|  Air Lease Corp. | 108 | 4134 |
|  **Total common stocks (Cost $160,064)** |  | **219336** |
|  **SHORT-TERM INVESTMENT - 0.6%** |  |  |
|  **INVESTMENT COMPANY - 0.6%** |  |  |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% (Cost $1,401) | 1401 | 1401 |
|  **Total investments - 98.9% (Cost $161,465)** |  | **220737** |
|  **Other assets less liabilities - 1.1%** |  | **2530** |
|  **Total net assets - 100.0% <sup>#</sup>** |  | $**223267** |

---

------

<sup>(1)</sup> 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 Value Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Security** | **Country** | **Trading Currency** |
|  Airbus SE | France | EUR |
|  Compass Group plc | United Kingdom | GBP |
|  Heineken Holding NV | Netherlands | EUR |
|  Koninklijke Philips NV | Netherlands | EUR |
|  NXP Semiconductors NV | China | USD |
|  Safran SA | France | EUR |
|  Samsung Electronics Co. Ltd. | South Korea | KRW |

---

<sup>(2)</sup> 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 $33,004, or 14.8% of total net assets. See notes (A) and (B) in the accompanying notes. 

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $41381 | 18.8% |
|  Consumer Discretionary | 24128 | 10.9 |
|  Consumer Staples | 17976 | 8.1 |
|  Energy | 16778 | 7.6 |
|  Financials | 41271 | 18.7 |
|  Health Care | 24645 | 11.2 |
|  Industrials | 32273 | 14.6 |
|  Information Technology | 20884 | 9.5 |
|  Short-Term Investment | 1401 | 0.6 |
|  **Total investments** | $**220737** | **100.0%** |

---

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  EUR | $19901 | 9.0% |
|  GBP | 7608 | 3.4 |
|  KRW | 5495 | 2.5 |
|  USD | 187733 | 85.1 |
|  **Total investments** | $**220737** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Artisan Value Income Fund** 

**Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Shares Held** | **Value** |
|  **COMMON STOCKS - 91.6%** | **COMMON STOCKS - 91.6%** | **COMMON STOCKS - 91.6%** |
|  **Aerospace & Defense - 5.8%** | **Aerospace & Defense - 5.8%** | **Aerospace & Defense - 5.8%** |
|  Airbus SE <sup>(1)(2)</sup> | 1 | $153 |
|  Raytheon Technologies Corp. | 2 | 243 |
|  Safran SA <sup>(1)(2)</sup> | 1 | 168 |
|  |  | **564** |
|  **Banks - 5.6%** | **Banks - 5.6%** | **Banks - 5.6%** |
|  Bank of America Corp. | 6 | 189 |
|  Bank of Hawaii Corp. | 3 | 213 |
|  Washington Federal, Inc. | 4 | 147 |
|  |  | **549** |
|  **Beverages - 4.8%** | **Beverages - 4.8%** | **Beverages - 4.8%** |
|  Coca-Cola Co. (The) | 3 | 211 |
|  Heineken Holding NV <sup>(1)(2)</sup> | 3 | 258 |
|  |  | **469** |
|  **Capital Markets - 14.1%** | **Capital Markets - 14.1%** | **Capital Markets - 14.1%** |
|  Blackstone, Inc., Class A | 2 | 132 |
|  Carlyle Group, Inc. (The) | 4 | 132 |
|  CME Group, Inc. | 1 | 168 |
|  Cohen & Steers, Inc. | 3 | 176 |
|  GCM Grosvenor, Inc., Class A | 18 | 137 |
|  Goldman Sachs Group, Inc. (The) | 0 | 141 |
|  Moelis & Co., Class A | 4 | 142 |
|  Morgan Stanley | 2 | 163 |
|  Northern Trust Corp. | 2 | 185 |
|  |  | **1376** |
|  **Consumer Finance - 1.4%** | **Consumer Finance - 1.4%** | **Consumer Finance - 1.4%** |
|  Synchrony Financial | 4 | 140 |
|  **Diversified Consumer Services - 1.6%** | **Diversified Consumer Services - 1.6%** | **Diversified Consumer Services - 1.6%** |
|  H&R Block, Inc. <sup>(3)</sup> | 4 | 156 |
|  **Electric Utilities - 6.7%** | **Electric Utilities - 6.7%** | **Electric Utilities - 6.7%** |
|  IDACORP, Inc. | 1 | 116 |
|  OGE Energy Corp. | 6 | 227 |
|  Portland General Electric Co. <sup>(3)</sup> | 3 | 135 |
|  PPL Corp. | 6 | 170 |
|  |  | **648** |
|  **Electrical Equipment - 2.3%** | **Electrical Equipment - 2.3%** | **Electrical Equipment - 2.3%** |
|  nVent Electric plc | 6 | 220 |
|  **Equity Real Estate Investment Trusts (REITs) - 9.1%** | **Equity Real Estate Investment Trusts (REITs) - 9.1%** | **Equity Real Estate Investment Trusts (REITs) - 9.1%** |
|  Camden Property Trust | 1 | 115 |
|  Lamar Advertising Co., Class A | 4 | 334 |
|  Public Storage | 1 | 195 |
|  STORE Capital Corp. | 8 | 242 |
|  |  | **886** |
|  **Food & Staples Retailing - 1.4%** | **Food & Staples Retailing - 1.4%** | **Food & Staples Retailing - 1.4%** |
|  Sysco Corp. | 2 | 139 |
|  **Food Products - 1.8%** | **Food Products - 1.8%** | **Food Products - 1.8%** |
|  Tyson Foods, Inc., Class A | 3 | 180 |
|  **Gas Utilities - 1.6%** | **Gas Utilities - 1.6%** | **Gas Utilities - 1.6%** |
|  Atmos Energy Corp. | 1 | 160 |
|  **Health Care Equipment & Supplies - 3.6%** | **Health Care Equipment & Supplies - 3.6%** | **Health Care Equipment & Supplies - 3.6%** |
|  Koninklijke Philips NV <sup>(1)(2)</sup> | 7 | 99 |
|  Medtronic plc | 3 | 256 |
|  |  | **355** |
|  **Hotels, Restaurants & Leisure - 4.1%** | **Hotels, Restaurants & Leisure - 4.1%** | **Hotels, Restaurants & Leisure - 4.1%** |
|  Compass Group plc <sup>(1)(2)</sup> | 10 | 229 |
|  Vail Resorts, Inc. | 1 | 166 |
|  |  | **395** |
|  **IT Services - 1.9%** | **IT Services - 1.9%** | **IT Services - 1.9%** |
|  Visa, Inc., Class A | 1 | 185 |
|  **Machinery - 2.3%** | **Machinery - 2.3%** | **Machinery - 2.3%** |
|  Otis Worldwide Corp. | 3 | 227 |
|  **Media - 6.9%** | **Media - 6.9%** | **Media - 6.9%** |
|  Cable One, Inc. | 0 | 170 |
|  Comcast Corp., Class A | 9 | 315 |
|  Omnicom Group, Inc. | 2 | 184 |
|  |  | **669** |
|  **Oil, Gas & Consumable Fuels - 3.1%** | **Oil, Gas & Consumable Fuels - 3.1%** | **Oil, Gas & Consumable Fuels - 3.1%** |
|  EOG Resources, Inc. | 2 | 303 |
|  **Pharmaceuticals - 2.2%** | **Pharmaceuticals - 2.2%** | **Pharmaceuticals - 2.2%** |
|  Merck & Co., Inc. | 2 | 213 |
|  **Technology Hardware, Storage & Peripherals - 4.2%** | **Technology Hardware, Storage & Peripherals - 4.2%** | **Technology Hardware, Storage & Peripherals - 4.2%** |
|  NetApp, Inc. | 3 | 185 |
|  Samsung Electronics Co. Ltd. (Preference) <sup>(1)(2)</sup> | 5 | 220 |
|  |  | **405** |
|  **Tobacco - 7.1%** | **Tobacco - 7.1%** | **Tobacco - 7.1%** |
|  Altria Group, Inc. | 7 | 335 |
|  Philip Morris International, Inc. | 3 | 353 |
|  |  | **688** |
|  **Total common stocks (Cost $9,780)** | **Total common stocks (Cost $9,780)** | **8927** |
|  | **Principal<br>Amount** |  |
|  **CORPORATE BONDS - 4.2%** | **CORPORATE BONDS - 4.2%** | **CORPORATE BONDS - 4.2%** |
|  **Aerospace & Defense - 2.1%** | **Aerospace & Defense - 2.1%** | **Aerospace & Defense - 2.1%** |
|  Boeing Co. (The) 1.43%, 2/4/2024 | $215 | 206 |
|  **Energy Equipment & Services - 0.6%** | **Energy Equipment & Services - 0.6%** | **Energy Equipment & Services - 0.6%** |
|  Weatherford International Ltd. 11.00%, 12/1/2024 <sup>(4)</sup> | 57 | 58 |
|  **Trading Companies & Distributors - 1.5%** | **Trading Companies & Distributors - 1.5%** | **Trading Companies & Distributors - 1.5%** |
|  Air Lease Corp. Series C, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.15%), 4.12%, 12/15/2026 <sup>(5)(6)</sup> | 219 | 150 |
|  **Total corporate bonds (Cost $449)** | **Total corporate bonds (Cost $449)** | **414** |

---

------

**Artisan Value Income Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

Principal amount, shares and dollar values in thousands

---

| | | |
|:---|:---|:---|
|  **CONVERTIBLE BONDS - 2.6%** |  |  |
|  **Media - 1.2%** | **Media - 1.2%** | **Media - 1.2%** |
|  Cable One, Inc. | Cable One, Inc. |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 3/15/2026 | 80 | $63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 3/15/2028 | 77 | 57 |
|  |  | **120** |
|  **Mortgage Real Estate Investment Trusts (REITs) - 1.4%** | **Mortgage Real Estate Investment Trusts (REITs) - 1.4%** | **Mortgage Real Estate Investment Trusts (REITs) - 1.4%** |
|  Redwood Trust, Inc. 7.75%, 6/15/2027 <sup>(4)</sup> | 165 | 140 |
|  **Total convertible bonds (Cost $282)** | **Total convertible bonds (Cost $282)** | **260** |
|  | **Share Held** |  |
|  **CONVERTIBLE PREFERRED STOCK - 1.7%** | **CONVERTIBLE PREFERRED STOCK - 1.7%** | **CONVERTIBLE PREFERRED STOCK - 1.7%** |
|  **Health Care Equipment & Supplies - 1.7%** | **Health Care Equipment & Supplies - 1.7%** | **Health Care Equipment & Supplies - 1.7%** |
|  Boston Scientific Corp. Series A, 5.50%, 6/1/2023 (Cost $164) | 1 | 162 |
|  **SHORT-TERM INVESTMENTS - 0.2%** | **SHORT-TERM INVESTMENTS - 0.2%** | **SHORT-TERM INVESTMENTS - 0.2%** |
|  **INVESTMENT COMPANIES - 0.2%** | **INVESTMENT COMPANIES - 0.2%** | **INVESTMENT COMPANIES - 0.2%** |
|  BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class, 4.04% | 5 | 5 |
|  Federated Treasury Obligations Fund - Institutional Class, 4.15% | 5 | 5 |
|  Fidelity Investments Money Market Treasury Portfolio - Institutional Class, 4.18% | 5 | 5 |
|  **Total short-term investments (Cost $15)** | **Total short-term investments (Cost $15)** | **15** |
|  **Total investments - 100.3% (Cost $10,690)** | **Total investments - 100.3% (Cost $10,690)** | **9778** |
|  **Written Option Contracts - 0.0% <sup>^</sup> (Premiums received $(2))** | **Written Option Contracts - 0.0% <sup>^</sup> (Premiums received $(2))** | **(1)** |
|  **Other assets less liabilities - (0.3%)** | **Other assets less liabilities - (0.3%)** | **(30)** |
|  **Total net assets - 100.0% <sup>#</sup>** | **Total net assets - 100.0% <sup>#</sup>** | $**9747** |

---

------

<sup>(1)</sup> 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 Value Income Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Security** | **Country** | **Trading Currency** |
|  Airbus SE | France | EUR |
|  Compass Group plc | United Kingdom | GBP |
|  Heineken Holding NV | Netherlands | EUR |
|  Koninklijke Philips NV | Netherlands | EUR |
|  Safran SA | France | EUR |
|  Samsung Electronics Co. Ltd. | South Korea | KRW |

---

<sup>(2)</sup> 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 $1,127, or 11.6% of total net assets. See notes (A) and (B) in the accompanying notes. 

<sup>(3)</sup> At December 31, 2022, all or a portion of this security was pledged to cover collateral requirements for written options.

<sup>(4)</sup> 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.

<sup>(5)</sup> Perpetual security. The rate reflected was the rate in effect on December 31, 2022. The maturity date reflects the next call date.

<sup>(6)</sup> Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of December 31, 2022.

**Written Option Contracts** 

**Call Options** 

Dollar values in thousands except exercise price

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **No. of<br>Contracts<sup>‡</sup>** | **Description** | **Exercise<br>Price** | **Notional<br>Amount** | **Expiration<br>Date** | **Premiums<br>Paid/(Received)<br>by Fund** | **Market<br>Value** | **Unrealized<br>Appreciation** |
| 2 | Airbus SE | 120.00 | $24 | 2/17/23 | $— | $— | $— |
| 8 | H&R Block, Inc. | $43.00 | 29 | 7/21/23 | (2) | (1) | 1 |
|  **Total written option contracts** | **Total written option contracts** | **Total written option contracts** | **Total written option contracts** | **Total written option contracts** | $**(2** | $**(1** | $**1** |

---

**PORTFOLIO DIVERSIFICATION** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  Communication Services | $789 | 8.0% |
|  Consumer Discretionary | 552 | 5.6 |
|  Consumer Staples | 1476 | 15.1 |
|  Energy | 361 | 3.7 |
|  Financials | 2205 | 22.5 |
|  Health Care | 730 | 7.5 |
|  Industrials | 1367 | 14.0 |
|  Information Technology | 589 | 6.0 |
|  Real Estate | 886 | 9.1 |
|  Utilities | 808 | 8.3 |
|  Short-Term Investments | 15 | 0.2 |
|  **Total investments** | $**9778** | **100.0%** |

---

------

**Artisan Value Income Fund** 

**Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

**TRADING CURRENCIES** 

Dollar values in thousands

---

| | | |
|:---|:---|:---|
|  | **Value** | **Percentage of<br>Total Investments** |
|  EUR | $678 | 6.9% |
|  GBP | 229 | 2.3 |
|  KRW | 220 | 2.3 |
|  USD | 8651 | 88.5 |
|  **Total investments** | $**9778** | **100.0%** |

---

Definitions of abbreviations and footnotes are detailed on page 1.

See notes to N-PORT Part F.

------

**Notes to N-PORT Part F – December 31, 2022 (UNAUDITED)** 

As of December 31, 2022, Artisan Partners Funds, Inc. ("Artisan Partners Funds") is a series company comprised of twenty-one 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. Repurchase agreements and reverse repurchase agreements are valued at cost plus accrued interest. 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. Over-the-counter derivatives (including total return swaps, over-the-counter options on total return swaps, and certain other derivatives) are valued using prices provided by the Funds' pricing vendors. Prices obtained from independent pricing services may use various observable and unobservable inputs, including, but not limited to, information provided by broker-dealers, pricing formulas, estimates of market values obtained from data relating to investments or securities with similar characteristics and/or discounted cash flow or spread curve models that might be applicable. Shares of open-end investment companies (excluding exchange traded funds) were valued at the latest net asset value reported by the investment company.

------

**Notes to N-PORT Part F – December 31, 2022 (UNAUDITED) - (continued)** 

Fixed income securities, including loan participation notes, 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.

A new rule adopted by the Securities and Exchange Commission (the "SEC") governing fund valuation practices, Rule 2a-5 under the 1940 Act, has established requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are "readily available" for purposes of Section 29(a)(41) of the 1940 Act, which requires a fund to fair value a security when market quotations are not readily available. Separately, new SEC Rule 31a-4 under the 1940 Act sets forth the recordkeeping requirements associated with fair value determinations. The Funds adopted a valuation policy conforming to the new rules, effective September 1, 2022, and there was no material impact to the Funds. Under the Rule, Artisan Partners has been designated by Artisan Partners Funds' board of directors as the valuation designee for the Funds. In its capacity as valuation designee, Artisan Partners, among other things, is responsible for establishing fair valuation methodologies and determining, in good faith, the fair value of all of the assets of the Funds for which there are no readily available market quotations. Securities or other assets for which market quotations are not readily available are valued by Artisan Partners, as valuation designee, in accordance with Artisan Partners' Procedures for Valuation of Portfolio Securities Held by Artisan Partners Funds, Inc. and under the general oversight of Artisan Partners Funds' board of directors. A market quotation will be considered not readily available, and a Fund may therefore use fair value pricing, if there are not quoted prices (unadjusted) in active markets for identical investments that a Fund can access at the measurement date, and/or any such quotation is not reliable.

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.

**(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:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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, treasury bills, other derivatives, 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. 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.

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, 2022 (in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Level 1 - Unadjusted**<br> **Quoted Prices** | **Level 2 - Other**<br> **Significant**<br> **Observable**<br> **Inputs** | **Level 3 - Significant**<br> **Unobservable**<br> **Inputs** | **Total** |
|  **Developing World** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $1277595 | $— | $— | $1277595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 558513 | 567277 | —<sup>(3)</sup> | 1125790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 91263 | 307538 |  | 398801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin | 212671 |  |  | 212671 |
|  Total Investments | $2140042 | $874815 | $— <sup>(3)</sup> | $3014857 |
|  **Emerging Markets Debt Opportunities** |  |  |  |  |
|  Sovereign Government Bonds <sup>(1)</sup> | $— | $16464 | $— | $16464 |
|  Corporate Bonds <sup>(1)</sup> |  | 2652 |  | 2652 |
|  Sovereign Government Treasury Bill |  | 675 |  | 675 |
|  U.S. Treasury Obligations |  | 1794 |  | 1794 |
|  Investment Companies | 676 |  |  | 676 |
|  Total Investments | 676 | 21585 |  | 22261 |
|  Foreign Currency Forward Contracts <sup>(2)</sup> |  | 105 | 2 | 107 |
|  Futures <sup>(2)</sup> | 194 |  |  | 194 |
|  Centrally Cleared Credit Default Swaps <sup>(2)</sup> |  | 2 |  | 2 |
|  Centrally Cleared Interest Rate Swaps <sup>(2)</sup> |  | (88) |  | (88) |
|  Total | $870 | $21604 | $2 | $22476 |
|  **Floating Rate** |  |  |  |  |
|  Bank Loans <sup>(1)</sup> | $— | $37576 | $— | $37576 |
|  Corporate Bonds <sup>(1)</sup> |  | 3553 |  | 3553 |
|  Warrants |  | —<sup>(3)</sup> |  |  |
|  Investment Companies | 4305 |  |  | 4305 |
|  Total Investments | $4305 | $41129 | $— | $45434 |
|  **Focus** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> | $1468316 | $— | $— | $1468316 |
|  Options Purchased | 18728 |  |  | 18728 |
|  Investment Company | 25091 |  |  | 25091 |
|  Total Investments | 1512135 |  |  | 1512135 |
|  Foreign Currency Forward Contracts <sup>(2)</sup> |  | 1789 |  | 1789 |
|  Total | $1512135 | $1789 | $— | $1513924 |
|  **Global Discovery** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $145057 | $— | $— | $145057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 3396 | 6020 |  | 9416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 14822 | 43841 |  | 58663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin |  | 13109 |  | 13109 |
|  Investment Company | 8799 |  |  | 8799 |
|  Total Investments | $172074 | $62970 | $— | $235044 |
|  **Global Equity** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $85674 | $— | $— | $85674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 10791 | 12202 | —<sup>(3)</sup> | 22993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 12587 | 56575 |  | 69162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin |  | 7177 |  | 7177 |
|  Investment Company | 4256 |  |  | 4256 |
|  Total Investments | $113308 | $75954 | $— <sup>(3)</sup> | $189262 |
|  **Global Opportunities** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $1505398 | $— | $— | $1505398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 27971 |  |  | 27971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 34022 | 796390 |  | 830412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin |  | 320834 |  | 320834 |
|  Investment Company | 89203 |  |  | 89203 |
|  Total Investments | $1656594 | $1117224 | $— | $2773818 |
|  **Global Unconstrained** |  |  |  |  |
|  Sovereign Government Bonds <sup>(1)</sup> | $— | $11270 | $— | $11270 |
|  Corporate Bonds <sup>(1)</sup> |  | 2055 |  | 2055 |
|  Common Stock <sup>(1)</sup> |  | 40 |  | 40 |
|  Exchange Traded Fund <sup>(1)</sup> | 34 |  |  | 34 |
|  U.S. Treasury Obligations |  | 249 |  | 249 |
|  Repurchase Agreements |  | 2706 |  | 2706 |
|  Investment Companies | 711 |  |  | 711 |
|  Total Investments before securities sold short | 745 | 16320 |  | 17065 |
|  Common Stock <sup>(1)</sup> |  | (83) |  | (83) |
|  Sovereign Government Bonds <sup>(1)</sup> |  | (2549) |  | (2549) |
|  Total Investments after securities sold short | 745 | 13688 |  | 14433 |
|  Foreign Currency Forward Contracts <sup>(2)</sup> |  | (51) | 16 | (35) |
|  Futures <sup>(2)</sup> | 149 |  |  | 149 |
|  Centrally Cleared Credit Default Swaps <sup>(2)</sup> |  | 11 |  | 11 |
|  Centrally Cleared Interest Rate Swaps <sup>(2)</sup> |  | (39) |  | (39) |
|  Total | $894 | $13609 | $16 | $14519 |
|  **Global Value** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $843640 | $— | $— | $843640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 14873 | 146484 |  | 161357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe |  | 819129 |  | 819129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin |  | 53082 |  | 53082 |
|  Investment Company | 42025 |  |  | 42025 |
|  Total Investments | $900538 | $1018695 | $— | $1919233 |
|  **High Income** |  |  |  |  |
|  Corporate Bonds <sup>(1)</sup> | $— | $4399814 | $— | $4399814 |
|  Bank Loans <sup>(1)</sup> |  | 848292 |  | 848292 |
|  Common Stock <sup>(1)</sup> |  | 23841 |  | 23841 |
|  Warrants |  | —<sup>(3)</sup> |  |  |
|  Investment Company | 395157 |  |  | 395157 |
|  Total Investments | 395157 | 5271947 |  | 5667104 |
|  Foreign Currency Forward Contracts<sup>(2)</sup> |  | 54 |  | 54 |
|  Total | $395157 | $5272001 | $— | $5667158 |
|  **International** |  |  |  |  |
|  Common Stocks and Equity-Linked Security <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $825427 | $103649 | $— | $929076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 140042 | 190448 | —<sup>(3)</sup> | 330490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 340709 | 3344330 |  | 3685039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin |  | 129209 |  | 129209 |
|  Investment Companies | 148956 |  |  | 148956 |
|  Total Investments | $1455134 | $3767636 | $— <sup>(3)</sup> | $5222770 |
|  **International Explorer** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $1821 | $1871 | $— | $3692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 2322 | 4692 |  | 7014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 610 | 11150 |  | 11760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin |  | 4645 |  | 4645 |
|  Investment Companies | 4090 |  |  | 4090 |
|  Total Investments | $8843 | $22358 | $— | $31201 |
|  Foreign Currency Forward Contracts <sup>(2)</sup> |  | (25) |  | (25) |
|  Total | $8843 | $22333 | $— | $31176 |
|  **International Small-Mid** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $942585 | $— | $— | $942585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 144051 | 123121 |  | 267172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 1378.00 | 1967158 |  | 1968536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Middle East | 262708 | 37285 |  | 299993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin |  | 552489 |  | 552489 |
|  Investment Company | 132477 |  |  | 132477 |
|  Total Investments | $1483199 | $2680053 | $— | $4163252 |
|  **International Value** |  |  |  |  |
|  Common Stocks and Equity-Linked Security <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $3773166 | $630335 | $— | $4403501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 327191 | 3882007 |  | 4209198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 593942 | 11710657 |  | 12304599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin |  | 490492 |  | 490492 |
|  Investment Company | 1321502 |  |  | 1321502 |
|  Total Investments | 6015801 | 16713491 |  | 22729292 |
|  OTC Total Return Swap <sup>(1)</sup> |  | 452 |  | 452 |
|  Total | 6015801 | 16713943 |  | 22729744 |
|  **Mid Cap** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> | $3896044 | $20536 | $— | $3916580 |
|  Investment Company | 114803 |  |  | 114803 |
|  Total Investments | $4010847 | $20536 | $— | $4031383 |
|  **Mid Cap Value** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> | $1258492 | $— | $— | $1258492 |
|  Investment Company | 21139 |  |  | 21139 |
|  Total Investments | $1279631 | $— | $— | $1279631 |
|  **Select Equity** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> | $25819 | $5141 | $— | $30960 |
|  Investment Company | 2187 |  |  | 2187 |
|  Total Investments | $28006 | $5141 | $— | $33147 |
|  **Small Cap** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> | $1851313 | $— | $— | $1851313 |
|  Total Investments | $1851313 | $— | $— | $1851313 |
|  **Sustainable Emerging Markets** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas | $723 | $— | $— | $723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets | 7382 | 54860 | —<sup>(3)</sup> | 62242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe |  | 534 |  | 534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pacific Basin | 227 | 3342 | —<sup>(3)</sup> | 3569 |
|  Investment Company | 1969 |  |  | 1969 |
|  Total Investments | $10301 | $58736 | $— <sup>(3)</sup> | $69037 |
|  **Value** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> | $186332 | $33004 | $— | $219336 |
|  Investment Company | 1401 |  |  | 1401 |
|  Total Investments | $187733 | $33004 | $— | $220737 |
|  **Value Income** |  |  |  |  |
|  Common Stocks <sup>(1)</sup> | $7800 | $1127 | $— | $8927 |
|  Corporate Bonds <sup>(1)</sup> |  | 414 |  | 414 |
|  Convertible Bonds <sup>(1)</sup> |  | 260 |  | 260 |
|  Convertible Preferred Stock <sup>(1)</sup> | 162 |  |  | 162 |
|  Investment Companies | 15 |  |  | 15 |
|  Total Investments | 7977 | 1801 |  | 9778 |
|  Written Option Contracts | (1) |  |  | (1) |
|  Total | $7976 | $1801 | $— | $9777 |

---

------

<sup>(1)</sup> See the Fund's Schedule of Investments for industry or country classifications.

<sup>(2)</sup> Foreign currency forward contracts, futures contracts, OTC total return swaps and centrally cleared swap 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. 

<sup>(3)</sup> Includes one or more securities valued at $0. 

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

---

| | | | |
|:---|:---|:---|:---|
| **Assets** | **Fair Value at December 31, 2022** | **Unobservable Input(s)** | **Impact to Fair**<br>**Value from an**<br>**Increase in Input** |
|  **Developing World Fund** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $—<sup>(1)</sup> | Last quote in inactive market less 100% discount | N/A |
|  **Emerging Markets Debt Opportunities Fund** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Forward Contract | $2 | Forward points | Decrease |
|  **Global Equity Fund** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $—<sup>(1)</sup> | Last quote in inactive market less 100% discount | N/A |
|  **Global Unconstrained Fund** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Forward Contract | $16 | Forward points | Decrease |
|  **International Fund** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $—<sup>(1)</sup> | Last quote in inactive market less 100% discount | N/A |
|  **Sustainable Emerging Markets Fund** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $—<sup>(1)</sup> | Last quote in inactive market less 100% discount | N/A |

---

<sup>(1)</sup> Includes one or more securities valued at $0. 

As of December 31, 2022, the reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value is as follows (in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Developing World**<br>**Fund** | **Emerging**<br>**Markets Debt**<br>**Opportunities**<br>**Fund** | **Global Equity**<br>**Fund** | **Global**<br>**Unconstrained**<br>**Fund** | **International**<br>**Fund** | **Sustainable**<br>**Emerging**<br>**Markets Fund** |
|  Balance as of September 30, 2022 | $– <sup>(1)</sup> | $1 | $– <sup>(1)</sup> | $8 | $– <sup>(1)</sup> | $—<sup>(1)</sup> |
|  Transfers into Level 3 | – |  | – |  | – |  |
|  Net change in unrealized appreciation (depreciation) | – | 1 | – | 8 | – | 93 |
|  Purchases | – | —<sup>(1)</sup> | – | —<sup>(1)</sup> | – |  |
|  Sales | – |  | – |  | – | (20) |
|  Realized Gain/(Loss) | – | —<sup>(2)</sup> | – | —<sup>(2)</sup> | – | (73) |
|  Balance as of December 31, 2022 | $– <sup>(1)</sup> | $2 | $– <sup>(1)</sup> | $16 | $– <sup>(1)</sup> | $—<sup>(1)</sup> |
|  Net change in unrealized appreciation (depreciation) for investments held as of December 31, 2022 | $– | $2 | $– | $16 | $– | $— |

---

<sup>(1)</sup> Includes one or more securities valued at $0. 

<sup>(2)</sup> Amount rounds to less than $1. 

------

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

**(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, 2022 (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, 2022.

Transactions in securities of affiliates:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of**<br>**09/30/2022** | **As of**<br>**09/30/2022** | | | | | **As of**<br>**12/31/2022** | **As of**<br>**12/31/2022** | |
| **Funds** | **Shares**<br>**Balance** | **Value** |<br>**Purchases**<br>**at Cost** |<br>**Proceeds from**<br>**Sales** |<br>**Net**<br>**Realized**<br>**Gain (Loss)** |<br>**Net Increase**<br>**(Decrease) in**<br>**Unrealized**<br>**Appreciation or**<br>**Depreciation** | **Share**<br>**Balance** | **Value** |<br>**Dividend**<br>**Income@** |
|  **International Small-Mid Fund** |  |  |  |  |  |  |  |  |  |
|  Carenet, Inc.<sup>(1)</sup> | 3363 | $27595 | $— | $(1826) | $(774) | $1553 | 3152 | $26548 | $128 |
|  CKD Corp.<sup>(1)</sup> | 4057 | 48288 |  | (3212) | (2199) | 11717 | 3819 | 54594 | 78 |
|  Daikokutenbussan Co. Ltd.<sup>(1)</sup> | 838 | 30492 |  | (1602) | (1824) | 5368 | 793 | 32434 |  |
|  Model N, Inc.\*† | 2003 | 68548 |  | (14151) | (285) | 11861 | 1627 | 65973 |  |
|  Ubicom Holdings, Inc.<sup>(1)</sup> | 847 | 12677 |  | (641) | (791) | 2348 | 807 | 13593 |  |
|  ViewRay, Inc.\* | 11030 | 40149 |  | (3046) | (682) | 9902 | 10340 | 46323 |  |
|  Total# |  | $227749 | $— | $(24478) | $(6555) | $42749 |  | $173492 | $206 |
|  **International Value Fund** |  |  |  |  |  |  |  |  |  |
|  Arch Capital Group Ltd.\* | 23073 | $1050732 | $12958 | $(130956) | $35598 | $356007 | 21095 | $1324339 | $— |
|  Berkeley Group Holdings plc<sup>(1)</sup> | 5543 | 203196 | 2527 | (7674) | (4735) | 54228 | 5437 | 247542 |  |
|  Sensata Technologies Holding plc | 8750 | 326188 |  | (19376) | (6806) | 34732 | 8290 | 334738 | 942 |
|  Total |  | $1580116 | $15485 | $(158006) | $24057 | $444967 |  | $1906619 | $942 |

---

------

@ Net of foreign taxes withheld, if any.

† Issuer was not an affiliate as of December 31, 2022.

\* Non-income producing security.

# Total value as of December 31, 2022 is presented only for those issuers that were affiliates as of December 31, 2022. 

(1) Valued at a fair value in accordance with procedures established by the board of directors of Artisan Partners
Funds. See notes (A) and (B) in the accompanying notes.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Artisan Partners Funds Inc.

- **b. Investment Company Act file number:** 811-08932

- **c. CIK number of Registrant:** 0000935015

- **d. LEI of Registrant:** 549300VBCRY84OJ96193

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 875 E Wisconsin Ave

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-390-6100

**Item A.2. Information about the Series.**

- **a. Name of Series:** Artisan Global Value Fund

- **b. EDGAR series identifier (if any):** S000019611

- **c. LEI of Series:** 5493005TY0YLDKZH3378

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1951773213.08

**Total Liabilities:** $1259319.34

**Net Assets:** $1950513893.74

**Cash Not Reported:** $17755854.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000116602 | 6.47%                | 9.97%                | -2.74%               |
| Class ID C000141339 | 6.50%                | 9.94%                | -2.74%               |
| Class ID C000054562 | 6.49%                | 9.87%                | -2.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $335888.22               | $116328527.61                              |
| Month 2  | $-1950629.09             | $194792274.89                              |
| Month 3  | $11343741.67             | $-68174899.80                              |

### Schedule of Portfolio Investments

| Name                                                                | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Telefonica Brasil SA                                                | Telefonica Brasil SA                                                | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |   1819374 | NS      | $13008524.10  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                                      | Alphabet, Inc., Class A                                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    700764 | NS      | $61828407.72  | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                                                        | ING Groep NV                                                        | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |   2543750 | NS      | $31034805.17  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                          | Alibaba Group Holding Ltd.                                          | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   5844968 | NS      | $64535254.16  | 3.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                                           | Danone SA                                                           | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |   1696588 | NS      | $89382906.42  | 4.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                                              | Koninklijke Philips NV                                              | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |   2904703 | NS      | $43597399.52  | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                              | Southwest Airlines Co.                                              | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    987202 | NS      | $33239091.34  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group plc                                                   | Compass Group plc                                                   | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |   3418647 | NS      | $78994500.10  | 4.05%             |  |  |  | No            |                  2 | On Loan: No      |
| American Express Co.                                                | American Express Co.                                                | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    400571 | NS      | $59184365.25  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Groupe Bruxelles Lambert NV                                         | Groupe Bruxelles Lambert NV                                         | CUSIP: N/A<br>LEI: 549300KV0ZEHT2KVU152       | Long             | EC               | CORP              | BE        |    364977 | NS      | $29235680.94  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                            | Lloyds Banking Group plc                                            | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |  61398458 | NS      | $33715917.82  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Oil Ltd.                                                   | Imperial Oil Ltd.                                                   | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |    419582 | NS      | $20436804.21  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                        | UBS Group AG                                                        | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |   4943290 | NS      | $92140870.23  | 4.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Progressive Corp. (The)                                             | Progressive Corp. (The)                                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    406828 | NS      | $52769659.88  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts, Inc.                                            | Advance Auto Parts, Inc.                                            | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    115611 | NS      | $16998285.33  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona, Inc.                                               | Dentsply Sirona, Inc.                                               | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |    999128 | NS      | $31812235.52  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA                                         | Cie Financiere Richemont SA                                         | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |    468608 | NS      | $60640517.83  | 3.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                     | Citigroup, Inc.                                                     | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   1318912 | NS      | $59654389.76  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo SA                                                           | Sodexo SA                                                           | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |    318040 | NS      | $30424626.08  | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems plc                                                     | BAE Systems plc                                                     | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |   5572447 | NS      | $57592298.23  | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                | Meta Platforms, Inc., Class A                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    446119 | NS      | $53685960.46  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                                            | Willis Towers Watson plc                                            | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |    225516 | NS      | $55156703.28  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co. Ltd.                                                   | Nintendo Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |   1267600 | NS      | $53081516.28  | 2.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                 | Expedia Group, Inc.                                                 | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    384369 | NS      | $33670724.40  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG                                            | Daimler Truck Holding AG                                            | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |    766724 | NS      | $23755622.02  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Swatch Group AG (The)                                               | Swatch Group AG (The)                                               | CUSIP: N/A<br>LEI: 529900NTES2LEON1JZ55       | Long             | EC               | CORP              | CH        |     12693 | NS      | $3603489.30   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkshire Hathaway, Inc.                                            | Berkshire Hathaway, Inc., Class B                                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    253096 | NS      | $78181354.40  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell plc                                                           | Shell plc                                                           | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   1627877 | NS      | $46260547.68  | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class | BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  42025423 | NS      | $42025422.78  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                                         | Marsh & McLennan Cos., Inc.                                         | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    330816 | NS      | $54743431.68  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                 | Bank of New York Mellon Corp. (The)                                 | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |   1901981 | NS      | $86578175.12  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                                    | TotalEnergies SE                                                    | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    484547 | NS      | $30243090.13  | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                               | Elevance Health, Inc.                                               | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    185231 | NS      | $95017946.07  | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                               | NXP Semiconductors NV                                               | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |     12314 | NS      | $1945981.42   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HeidelbergCement AG                                                 | HeidelbergCement AG                                                 | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |   1212863 | NS      | $69173637.91  | 3.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                                         | Novartis AG                                                         | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |   1123787 | NS      | $101794100.38 | 5.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp.                                                  | Lam Research Corp.                                                  | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     85931 | NS      | $36116799.30  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding plc                                    | Sensata Technologies Holding plc                                    | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | GB        |    488084 | NS      | $19708831.92  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                                        | Samsung Electronics Co. Ltd.                                        | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   1858340 | NS      | $81949239.71  | 4.20%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Artisan Partners Funds Inc.

**Signature:** Shannon Jagodinski

**Name of Signer:** Shannon Jagodinski

**Title:** Assistant Treasurer