Artisan High Income Fund (APDFX) is a mutual fund managed by Artisan Partners Limited Partnership that seeks high current income with capital appreciation as a secondary objective. The fund invests primarily in high-yield corporate bonds, floating-rate loans, and other income-producing debt securities rated below investment grade or unrated; it also allocates to a lesser extent to equities, preferred stocks, convertible securities, and derivatives such as futures, options, and swaps for hedging and income enhancement. Artisan High Income Fund operates globally, with investments spanning U.S. and non-U.S. issuers across sectors including energy, consumer discretionary, and financial services, targeting institutional and retail investors seeking yield in fixed income markets.
Founded as part of Artisan Partners' offerings, with the firm established in 1994 and headquartered in Milwaukee, Wisconsin, the fund emphasizes a fundamental, bottom-up research process led by experienced portfolio managers focusing on credit selection and risk management. It maintains a flexible duration and sector allocation strategy to navigate interest rate and credit cycles. The fund is distributed through financial intermediaries and available to U.S. investors.
In recent developments, Artisan Partners announced enhancements to its high income strategies amid market volatility in 2024, including expanded access to opportunistic credit opportunities following Federal Reserve rate adjustments. The firm completed a strategic acquisition of a specialized floating-rate loan manager in early 2025 to bolster the fund's loan portfolio capabilities. No major name changes or reorganizations have occurred within the last two years.