Fund Evaluator:
Artisan Floating Rate Investor (ARTUX)
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Best Performing in Bank Loan Over the Last Year
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| 4.9% | Artisan Floating Rate Investor (ARTUX) |
Fund Details
Artisan Floating Rate Investor Overview
Artisan Floating Rate Investor (ARTUX) is an actively managed Taxable Bond Bank Loan fund. Artisan Partners Funds launched the fund in 2021.
The investment seeks to provide total return through a combination of current income and long-term capital appreciation. The fund will invest no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in floating rate debt instruments and other investments that are the economic equivalent of floating rate debt instruments or enable it to achieve a floating rate of income. The fund will invest primarily in instruments that are rated, at the time of purchase, below investment grade, commonly known as "junk bonds."
About Artisan Floating Rate Investor (ARTUX)
There are 2 members of the management team with an average tenure of 4.58 years: Bryan Krug (2021), Seth Yeager (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P UBS Leveraged Loan USD index with a weighting of 100% and ICE BofA US Broad Market TR USD index with a weighting of 100%. Artisan Floating Rate Investor has 119 securities in its portfolio. The top 10 holdings constitute 33.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Artisan Floating Rate Investor is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Artisan Floating Rate Investor has 13.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5%. There is 0.0% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 85.4% (71.5% domestic bond, 13.9% foreign bond and 0.0% convertible bond). Artisan Floating Rate Investor has 13.7% of the portfolio in cash.
Assets Under Management
The fund has $13 million in total assets, which is below the $343 million average for the Bank Loan category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ARTUX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Artisan Floating Rate Investor expense ratio is high compared to funds in the Bank Loan category. Artisan Floating Rate Investor has an expense ratio of 1.07%, which is 1% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Artisan Floating Rate Investor. By way of comparison, the average portfolio turnover is 64% for the Bank Loan category.
Recently, in the month of June 2026, Artisan Floating Rate Investor returned 0.2%, which earned it a grade of B, as the Bank Loan category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Artisan Floating Rate Investor has a trailing yield of 7.19%, which is above the 6.80% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Artisan Floating Rate Investor Grades
Year to date, the fund has returned 1.6%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 4.9% over the past year (grade of B) and 7.4% over the past three years (grade of B).
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ARTUX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ARTUX Return (NAV) | 0.2% | 2.3% | 4.9% | 7.4% | na | na |
| ARTUX Grade | B | A | B | B | na | na |
| +/- Category | 0.1% | 0.4% | 0.9% | 0.5% | na | na |
| Bank Loan Avg | 0.1% | 1.9% | 4.0% | 6.9% | 5.0% | 4.5% |
| ARTUX Tax Cost Ratio | na | na | 2.8% | 3.1% | na | na |
ARTUX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ARTUX Return (NAV) | 1.6% | 6.3% | 7.5% | 13.6% | -2.0% | na | na | na | na | na | na |
| ARTUX Grade | B | A | F | A | C | na | na | na | na | na | na |
| +/- Category | 0.2% | 1.2% | -0.7% | 1.5% | 0.3% | na | na | na | na | na | na |
| Bank Loan Avg | 1.4% | 5.1% | 8.2% | 12.1% | -2.3% | 4.7% | 1.3% | 7.6% | -0.4% | 3.7% | 9.2% |
| Risk Measures | |
| Standard Deviation: | 2.0% |
| Total Risk Index: | 0.17 - Low |
| Category Risk Index: | 1.00 - Average |
| Category Risk Grade: | C (58% Rank) |
| Beta: | -0.02 |
| R-Squared: | 0% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 7.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $126 Mil |
| Fund Total Assets: | $ 13 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.6 years | |||
| Average Tenure: 4.6 years | |||
| Managers (Year): Krug Bryan (2021), Yeager Seth (2021) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 119 |
| % in Top 10 Holdings: | 33.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 71.5% |
| Foreign Bond: | 13.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 13.7% |
Purchase Information
| Fund Family: | Artisan Partners Funds |
| Phone Number: | 800-344-1770 |
| Website: | www.artisanfunds.com |
| Status: | Open |
| Inception Date: | December 1, 2021 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.07% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Artisan Floating Rate Institutional |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
