Artisan Global Discovery Fund

The Fund aims to provide a total return (after fees and expenses) of 2% or more in excess of the MSCI All Country World SMID Cap Net Index in AUD over a rolling five year period.

The investment manager of the Underlying Fund is Artisan Partners Limited Partnership (Underlying Investment Manager).

The Fund provides exposure to high quality small and mid-cap business franchises that are innovative and poised for further
growth. The Fund employs a growth investment style, with an unconstrained approach relative to the MSCI Index weightings. It will typically hold between 40 – 60 stocks and remain diversified across global industry sectors and countries, including emerging markets.

The investment strategy represents the best small and mid cap ideas of the investment team.

The Artisan Global Discovery Fund is an Australian domiciled unit trust distributed by Copia that invests exclusively in the Artisan Global Discovery UCITS Fund (Fund) which is a sub-fund of Artisan Partners Global Funds plc. The investment manager of the Fund is Artisan Partners Limited Partnership.

The Fund invests predominantly in mid-cap companies (and to a lesser extent small companies) with franchise characteristics
that are benefiting from an accelerating profit cycle and are trading at a discount to private market value. The profit
opportunity exists where there is a compelling intersection between a company’s competitive strength and having
an ample growth runway.

The investment process is built around two important stages that help translate fundamental stock research into portfolio
construction. 

Security selection
This first stage of the investment process aims to find companies that have durable franchises, trading at values that are understood, with an accelerating profit cycle.

Implicit in security selection is the goal of mitigating business model and valuation risk while capturing the upside associated with profit growth.

Capital Allocation
Capital allocation is designed to build position sizes according to the conviction of the investment team.
Portfolio holdings develop through three stages: Garden, Crop and Harvest®

Significant benefits of investing in the Fund include:

• exposure to a portfolio of global listed companies professionally managed by an experienced and qualified investment team;
• diversification benefits across countries and global industry sectors that would be difficult to achieve through a direct investment approach;
• an investment strategy seeking to provide investment returns by selecting global companies considered to be able to benefit from an accelerating profit cycle, while trading at a discount to its estimated market value;
• regular monthly reporting on your investment including performance returns against benchmark, key investment decisions and portfolio strategy;
• online access to information about your investment through Copia’s website; and

Copia Investment Partners is an investment group that distributes a range of managed funds through partnerships with Australian and global fund managers. Copia’s investment funds cover a range of investor needs including wealth creation (via equity strategies), fixed income, retirement equity income, as well as environmental impact.

Copia’s investment partners include: Artisan Partners (Global equity - small and mid caps), Chester Asset Management (Australian equity), ECP Asset Management (Australian Equity), Mutual Limited (cash and fixed income), OC Funds Management (Australian small companies), TT International (Global equity - environmental impact) and Vertium Asset Management (Australian equity income).

Copia undertakes a range of support services for its investment partners including: distribution, marketing, compliance, operations, as well as acting as Responsible Entity. This business support allows its partners to focus on investing for clients. The Copia business model was formed in 2000 as part of Opis Capital, an Australian equity fund manager. In 2009 the firm established itself as an independent service provider to other fund managers, before rebranding itself as Copia Investment Partners in 2014. Copia is independently owned with offices in Melbourne, Sydney and Brisbane.