Artisan Partners Asset Management
BUSINESS UPDATE AND FIRST QUARTER 2021 EARNINGS PRESENTATION
BUSINESS PHILOSOPHY & APPROACH
High Value Added | Talent Driven | Thoughtful | ||
Investment Firm | Business Model | Growth | ||
Designed for Investment
Active StrategiesActive Talent Identification Talent to Thrive
Autonomous Franchises | Managed by Business Professionals | Entrepreneurial Commitment |
Proven ResultsStructured to Align Interests
Focus on Long-Term
Global Demand
Since its founding, Artisan has built its business based upon a consistent philosophy and business model.
ARTISAN PARTNERS ASSET MANAGEMENT | 1 |
HIGH VALUE-ADDED INVESTMENTS
Index Return since Inception Value Added (Net of Fees) since Inception
Lipper Fund Rankings | AUM |
Since Inception | (in $ billions) |
Growth Team | ||||||||||||||||||||||||
Global Opportunities (Feb 1, 2007) | 6.46% | 5.38% | 18% | 10/55 | $25.5 | |||||||||||||||||||
Global Discovery (Sept 1, 2017) | 12.03% | 10.58% | 12% | 13/114 | $2.1 | |||||||||||||||||||
U.S. Mid-Cap Growth (Apr 1, 1997) | 10.49% | 4.94% | 2% | 1/58 | $16.5 | |||||||||||||||||||
U.S. Small-Cap Growth (Apr 1, 1995) | 2.59% | 49% | 26/53 | $6.4 | ||||||||||||||||||||
9.01% | ||||||||||||||||||||||||
Global Equity Team | ||||||||||||||||||||||||
Global Equity (Apr 1, 2010) | 9.58% | 3.67% | 28% | 18/64 | $2.9 | |||||||||||||||||||
Non-U.S. Growth (Jan 1, 1996) | 5.11% | 4.09% | 5% | 1/22 | $21.2 | |||||||||||||||||||
Non-U.S.Small-Mid Growth (Jan 1, 2019) | 17.18% | 13.05% | 17% | 6/36 | $8.1 | |||||||||||||||||||
China Post-Venture (Apr 1, 2021)1 | N/A | N/A | <$0.1 | |||||||||||||||||||||
U.S. Value Team | 0.50% | |||||||||||||||||||||||
Value Equity (Jul 1, 2005) | 29% | 81/283 | $3.7 | |||||||||||||||||||||
8.04% | ||||||||||||||||||||||||
U.S. Mid-Cap Value (Apr 1, 1999) | 10.02% | 1.85% | 17% | 10/61 | $4.0 | |||||||||||||||||||
International Value Team | ||||||||||||||||||||||||
International Value (Jul 1, 2002) | 6.45% | 4.62% | 4% | 1/24 | $27.0 | |||||||||||||||||||
International Small Cap Value (Nov 1, 2020) | 28.54% | 4.70% | N/A | N/A | <$0.1 | |||||||||||||||||||
Global Value Team | 2.15% | |||||||||||||||||||||||
Global Value (Jul 1, 2007) | 6.01% | 5% | 2/45 | $24.4 | ||||||||||||||||||||
Select Equity (Mar 1, 2020) | -3.21% | 33.70% | 50% | 316/635 | <$0.1 | |||||||||||||||||||
Sustainable Emerging Markets Team | -0.25% | |||||||||||||||||||||||
Sustainable Emerging Markets (Jul 1, 2006) | 6.37% | 73% | 142/195 | $0.7 | ||||||||||||||||||||
Credit Team | 2.07% | |||||||||||||||||||||||
High Income (Apr 1, 2014) | 5.30% | 2% | 4/351 | $6.9 | ||||||||||||||||||||
Credit Opportunities (Jul 1, 2017) | 5.61% | 5.35% | N/A | N/A | $0.1 | |||||||||||||||||||
Developing World Team | ||||||||||||||||||||||||
Developing World (Jul 1, 2015) | 7.84% | 11.96% | 1% | 3/531 | $9.3 | |||||||||||||||||||
Antero Peak Group | ||||||||||||||||||||||||
Antero Peak (May 1, 2017) | 16.12% | 10.32% | 3% | 4/173 | $2.9 | |||||||||||||||||||
Antero Peak Hedge (Nov 1, 2017) | 15.73% | 1.08% | N/A | N/A | $1.0 | |||||||||||||||||||
Sources: Artisan Partners/MSCI/Russell/ICE BofA/S&P. As of March 31, 2021. Value Added (Net of Fees) is the difference between the Artisan strategy composite's average annual return (net of fees) since inception and the returns of the benchmark most commonly used by our separate account clients to compare the performance of the relevant strategy (Index Return). See Notes & Disclosures for information on each investment strategy's relevant benchmark.
- The China Post-Venture strategy composite performance began on April 1, 2021. As a result, there is not a performance track record as of March 31, 2021.
ARTISAN PARTNERS ASSET MANAGEMENT | 2 |
DEGREES OF FREEDOM = OPPORTUNITY
Small- and Mid-Cap Markets in China and US | ||
10,000 | $10,196 | |
$9,449 | ||
8,000 | ||
6,000 | 5,111 | |
4,000 | 3,054 | |
2,000 | ||
0 | Total Market Cap (Billions) | Number of Stocks |
China | US |
Sources: Bloomberg, Morningstar, CB Insights (www.cbinsights.com/research-unicorn-companies), as of March 31, 2021. Small- and mid-cap markets defined as companies with market capitalizations between $200MM and $20bn (USD).
ARTISAN PARTNERS ASSET MANAGEMENT | 3 |
PATIENCE = OPPORTUNITY
Performance | 1 Year | 3 Year | 5 Year | 10 Year | Inception | |
U.S. Value Team | ||||||
Artisan Value Equity strategy (Jul 1, 2005) | Composite Returns | 72.29% | 13.40% | 14.35% | 11.52% | 9.37% |
Russell® 1000 Value Index | Style Index | 56.09% | 10.95% | 11.73% | 10.98% | 8.04% |
Style Alpha | 16.20% | 2.45% | 2.62% | 0.54% | 1.33% | |
Artisan U.S. Mid-Cap Value strategy (Apr 1, 1999) | Composite Returns | 88.59% | 11.22% | 12.24% | 10.36% | 12.93% |
Russell® Midcap Value Index | Style Index | 73.76% | 10.69% | 11.59% | 11.05% | 10.02% |
Style Alpha | 14.83% | 0.53% | 0.65% | (0.69)% | 2.91% | |
International Value Team | ||||||
Artisan International Value strategy (Jul 1, 2002) | Composite Returns | 63.26% | 9.68% | 11.10% | 9.86% | 12.11% |
MSCI EAFE Value Index | Style Index | 45.71% | 1.85% | 6.57% | 3.65% | 5.64% |
Style Alpha | 17.55% | 7.83% | 4.53% | 6.21% | 6.47% | |
Artisan International Small Cap Value strategy (Nov 1, 2020) | Composite Returns | --- | --- | --- | --- | 34.84% |
MSCI ACWI Ex USA Small Cap Value | Style Index | --- | --- | --- | --- | 33.31% |
Style Alpha | --- | --- | --- | --- | 1.53% | |
Global Value Team | ||||||
Artisan Global Value strategy (Jul 1, 2007) | Composite Returns | 67.53% | 9.95% | 12.04% | 11.70% | 9.20% |
MSCI All Country World Value Index | Style Index | 48.82% | 6.23% | 9.05% | 6.41% | 3.61% |
Style Alpha | 18.71% | 3.72% | 2.99% | 5.29% | 5.59% | |
Artisan Select Equity strategy (Mar 1, 2020) | Composite Returns | 66.49% | --- | --- | --- | 31.45% |
S&P 500 Value Index | Style Index | 50.37% | --- | --- | --- | 25.08% |
Style Alpha | 16.12% | --- | --- | --- | 6.37% |
Data as of and through March 31, 2021. Sources: Artisan Partners/Factset/MSCI/Russell/S&P. Artisan strategy returns represent composite returns presented gross of fees. For purposes of this presentation, each composite's performance is compared to the style index shown. See Notes & Disclosures for information on market indexes most commonly used by our separate account clients to compare the performance of the relevant strategy. Returns less than one year are not annualized. Past performance is not indicative of future results.
ARTISAN PARTNERS ASSET MANAGEMENT | 4 |
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Artisan Partners Asset Management Inc. published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 20:12:04 UTC.