Artio™ US Multicap Fund

Share Class	Ticker Symbol	CUSIP	Category	Investment Minimum†	Benchmark
A	JMLAX	04315J720	US Multicap Equity	$1,000	Russell 3000 Index
I	JMLIX	04315J712	US Multicap Equity	$1 million	Russell 3000 Index
† Represents the minimum initial investment for regular accounts. Class A shareholders may make additional investments in the Fund at a minimum of $1,000, invest in an Individual Retirement Account (IRA) or in a tax-deferred retirement plan other than an IRA for a minimum of $100.

 

Fact Sheet: Performance (fund and benchmark), Portfolio Characteristics, Sector Allocation, Top Ten Equity Holdings

Commentary

Investment Objective

The Artio US Multicap Fund ("US Multicap Fund" or "Fund") seeks to achieve long-term growth of capital.

Who Should Invest

The US Multicap Fund may be a good choice for investors who are pursuing long-term growth of capital through investment in US equity securities of all market capitalization sizes. The Adviser manages the Fund as a core domestic equity product and is not constrained by a particular investment style investing in both "growth" and "value" securities. Investments are selected based on an active fundamental process which combines financial analysis and first-hand company meetings to evaluate potential investments' management and long-term outlook and business strategies. The Fund offers the potential to achieve a diversified US equity portfolio, with access to all market capitalization ranges, via a single investment vehicle.

Investment Manager

Samuel Dedio joined Artio Global Management LLC's predecessor organization, Julius Baer, in 2006 as a Senior Portfolio Manager focusing on US micro, small and midcap equities. Prior to this, he spent six years at Deutsche Asset Management, most recently as Managing Director, Lead Portfolio Manager and Head of US Small and Midcap Investment Management. His previous positions also include Senior Industry Analyst at Ernst & Young, LLP and Equity Analyst with both Evergreen Asset Management and Standard & Poor's Corp. Samuel received a Masters of Science in Accounting from American University's Kogod School of Business and a BA in Business Administration from William Paterson University.

Month-end Performance (%) as of 8/31/10

Share Class	1 Mo	3 Mo	YTD	1 Yr	3 Yr*	5 Yr*	10 Yr*	Since Inception*	Inception Date
A	-3.88	-4.73	-5.77	4.52	-7.09	-	-	-0.64	07/24/06
I	-3.76	-4.60	-5.53	4.86	-6.80	-	-	-0.32	07/24/06
* Annualized

 

Quarter-end Performance (%) as of 6/30/10

Share Class	1 Mo	3 Mo	YTD	1 Yr	3 Yr*	5 Yr*	10 Yr*	Since Inception*	Inception Date
A	-6.71	-12.85	-7.73	16.51	-7.77	-	-	-1.20	07/24/06
I	-6.68	-12.79	-7.59	16.85	-7.48	-	-	-0.89	07/24/06
* Annualized

 

Annual Performance (%)

Share Class	2009	2008	2007	2006	2005	2004	2003	2002	2001	Inception Date
A	47.01	-42.58	4.13	3.37¹	N/A	N/A	N/A	N/A	N/A	07/24/06
I	47.36	-42.37	4.49	3.54¹	N/A	N/A	N/A	N/A	N/A	07/24/06
1. Partial year—since share class inception

The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be higher or lower than the performance quoted.

Investment performance reflects fee waivers. In the absence of such waivers, total return would be reduced.

Growth of a $10,000 Investment

(Class A Shares: 7/24/06–6/30/10^†)

† Hypothetical illustration of $10,000 invested for the above referenced period assuming reinvestment of dividends and capital gains distributions. This period was one in which stock and bond prices fluctuated and the results should not be considered as a representation of dividend income or capital gain or loss which may be realized from an investment in the US Multicap Fund today. No adjustment has been made for shareholder tax liability on dividends or capital gains distributions.

Fees (%) as stated in the prospectus dated 3/1/10

Share Class	Sales Load†	Gross Expense Ratio	Net Expense Ratio
A	No-load	3.65	1.32¹
I	No-load	2.99	1.02¹
† While the Fund is no-load, management and distribution fees and other expenses still apply. 1. Due to the start-up costs associated with launching a new fund and the time it takes to obtain sufficient scale, the Investment Adviser has contractually agreed to reimburse certain expenses of the Fund through 2/27/11. The Investment Adviser has also agreed to waive a portion of its management fees; this waiver may be discontinued at any time by the Fund's board. Additional expenses are net of reductions related to fee waivers.

 

Prospectus

Fact Sheet: Performance (fund and benchmark), Portfolio Characteristics, Sector Allocation, Top Ten Equity Holdings

Commentary

Prospectus

Statement of Additional Information (SAI)

Annual Report (fiscal year end 10/31/09)

Semi-annual Report (fiscal period ending 4/30/10)

Form NQ (as of 1/31/10)

Holdings Report Holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Form N-PX (Annual Report of Proxy Voting)

Proxy Procedures - US: Artio Global Management LLC, the Adviser for the Artio Global Funds, has outsourced its proxy voting to RiskMetrics Group (RMG). The Funds have thus adopted RMG's policies as their own.

Press Release: Artio Global Funds’ 2009 final tax distributions

 

Distributions-Class A

					Income		Capital Gains			Total
Year	Record Date	Ex-dividend Date	Payable Date		Distribution ($)		Short Term ($)	Long Term ($)		Distribution ($)
2009	12/28/09	12/29/09	12/30/09		0.02783		0.0	0.0		0.02783
2008	N/A	N/A	N/A		0.0		0.0	0.0		0.0
2007	12/26/07	12/27/07	12/28/07		0.0		0.92497	0.21753		1.14250
2006	12/26/06	12/27/06	12/27/06		0.13538		0.04506	0.0		0.18044

 

Distributions-Class I

					Income		Capital Gains			Total
Year	Record Date	Ex-dividend Date	Payable Date		Distribution ($)		Short Term ($)	Long Term ($)		Distribution ($)
2009	12/28/09	12/29/09	12/30/09		0.04927		0.0	0.0		0.04927
2008	12/26/08	12/29/08	12/30/08		0.00262		0.0	0.0		0.00262
2007	12/26/07	12/27/07	12/28/07		0.03007		0.92497	0.21753		1.17257
2006	12/26/06	12/27/06	12/27/06		0.16012		0.04506	0.0		0.20518

 

ICI Primary for the Artio Global Funds Year-end Distribution

Supplemental Tax Information for the Artio Global Funds

Principal Strategies

The US Multicap Fund invests in a broad range of stocks and other securities issued primarily within the United States. Stocks are selected using an active fundamental process which combines financial analysis with first-hand company meetings and on-site visits to evaluate management teams and their strategies. Artio Global Management LLC (the "Adviser" or "Artio Global") generally uses a "bottom-up" approach when recommending and selecting securities, focusing on individual stock selection rather than attempting to time the highs and lows of the market or concentrating investments in certain sectors or industries. The Fund is not constrained by a particular investment style and may invest in "growth" or "value" securities.

Normally, the Fund will invest at least 80% of its net assets (including equity related futures, options, swaps, equity related instruments and borrowings for investment purposes) in US equity securities and other securities with equity characteristics. The Fund may also engage in active and frequent trading of portfolio securities to achieve its investment objective.

Risks

Please read the Fund's risks or consult the Fund's prospectus for more complete information on the special risks associated with investing in the US Multicap Fund, including, but not limited to: stock market risk, small and mid-sized companies risk, liquidity risk and derivatives risk.