During the first quarter of 2026, the Artisan International Value Fund faced considerable headwinds, as a substantial portion of its investments experienced downturns. Specifically, close to two-thirds of the companies within the portfolio saw their stock prices decrease, with an alarming number—nearly half—suffering drops exceeding 10%.

Amidst this general market softness, certain holdings notably impacted the fund's performance. Samsung Electronics, which represents the largest allocation in the portfolio, provided an early glimpse into its first-quarter financial health. These preliminary results highlighted robust growth within its core semiconductor operations, offering a positive counter-narrative to the broader declines. Conversely, companies such as ICON, Unilever, and UBS were among those that negatively affected the portfolio's overall returns during this period.

Despite the challenging quarter, the resilience demonstrated by key holdings like Samsung underscores the importance of strategic, long-term investments. Market fluctuations are an inherent part of the investment landscape, and maintaining a diversified portfolio with strong underlying fundamentals is crucial for navigating such periods. Investors are encouraged to focus on the long-term potential and intrinsic value of their assets, understanding that temporary setbacks can pave the way for future growth and opportunity.