Artio™ Global Equity Fund Inc.

Share Class	Ticker Symbol	CUSIP	Category	Investment Minimum†	Benchmark
A	BJGQX	04315J605	Global Equity	$1,000	MSCI ACWI
I	JGEIX	04315J704	Global Equity	$1 million	MSCI ACWI
† Represents the minimum initial investment for regular accounts. The Fund permits complex-wide aggregation of Class I shares so that a shareholder can meet the minimum initial investment in any one Fund if they have $1 million combined investment in the Fund complex. For additional information, please refer to the prospectus. 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, Geographic Allocation, Sector Allocation, Top Ten Equity Holdings

Commentary

Country Diversification

Investment Manager

Keith Walter is a Senior Portfolio Manager, Head of Global Equities at Artio Global Management. His tenure at the organization originally began in 1999. After a brief period working for a family office as a principal investment strategist from July 2010 – April 2012, Keith returned to Artio Global in 2012 to manage the Global Equity strategy. Previously, Keith spent four years at both Morgan Stanley Dean Witter, where he served as a Fixed Income Portfolio Manager, and Bankers Trust Co., where he was a member of the Global Bond Team. Keith holds the Chartered Financial Analyst designation and received a Bachelor of Arts from Connecticut College.

Investment Objective

The Artio Global Equity Fund Inc. ("Global Equity Fund" or "Fund") seeks to maximize total return, principally through capital appreciation. The Fund attempts to meet this goal by investing primarily in a portfolio of common stocks, preferred stocks and convertible securities of domestic and foreign issuers of all sizes.

Strategy Overview

The Global Equity Fund normally invests in a portfolio of equity securities of issuers located throughout the world, including emerging markets. The Fund has a bias toward mid- and large-capitalization companies, but may also invest in small-capitalization companies. The Adviser manages the Fund using a core approach and is not constrained by a particular investment style, investing in both "growth" and "value" securities. The investment process places thinking before screening and uses a variety of strategies to analyze industries, sectors and regions and generally utilizes a bottom-up analysis in developed markets and a top-down approach in emerging markets. Japan is treated as a hybrid of the two.

Month-end Performance (%) as of 4/30/12

Share Class	1 Mo	3 Mo	YTD	1 Yr	3 Yr*	5 Yr*	10 Yr*	Since Inception*	Inception Date
A	-1.05	5.35	11.65	-12.36	12.99	-2.67	-	5.09	07/01/04
I	-1.02	5.42	11.74	-12.15	13.26	-2.37	-	3.23	03/14/05
* Annualized

 

Quarter-end Performance (%) as of 3/31/12

Share Class	1 Mo	3 Mo	YTD	1 Yr	3 Yr*	5 Yr*	10 Yr*	Since Inception*	Inception Date
A	1.45	12.84	12.84	-8.30	17.35	-1.63	-	5.29	07/01/04
I	1.47	12.89	12.89	-8.10	17.63	-1.34	-	3.42	03/14/05
* Annualized

 

Annual Performance (%)

Share Class	2011	2010	2009	2008	2007	2006	2005	2004	2003	Inception Date
A	-16.25	13.29	33.44	-40.44	11.07	21.03	11.51	16.88¹	-	07/01/04
I	-16.03	13.55	33.77	-40.12	11.38	21.32	8.76¹	-	-	03/14/05
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.

Morningstar Ratings as of 3/31/12

Share Class	Overall	3 Yr	5 Yr	10 Yr
A				N/A
I				N/A

Morningstar rated this Fund among 710, 710 and 504 World Stock Funds for the overall, 3-, and 5-year periods, respectively as of the above referenced date (based on risk adjusted total returns). The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating™ metrics.

Growth of a $10,000 Investment

(Class A Shares: 7/1/04–3/31/12^†)

† Hypothetical illustration of $10,000 invested for the above referenced date assuming reinvestment of dividends and capital gains distributions. No adjustment has been made for shareholder tax liability on dividends or 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 Global Equity Fund today. No adjustment has been made for shareholder tax liability on dividends or capital gains distributions.

Fees (%) as stated in the prospectus dated 3/1/12

Share Class	Sales Load†	Gross Expense Ratio	Net Expense Ratio
A	No-load	1.80	1.41¹
I	No-load	1.43	1.16¹
† While the Fund is no-load, management and distribution fees and other expenses still apply. 1. From January 1 to February 28, more current information may also be found in the Financial Highlights section of the Fund's Annual Report dated October 31. The Investment Adviser has contractually agreed to reimburse certain expenses of the Fund through 2/28/13. 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 custody offset arrangements.

 

Prospectus (PDF)
(XBRL available on Literature Summary)

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

Commentary

Copyright 2012 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

Prospectus (PDF)
(XBRL available on Literature Summary)

Statement of Additional Information (SAI)

Annual Report (fiscal year end 10/31/11)

Semi-annual Report (fiscal period ending 4/30/11)

Form NQ (as of 1/31/12)

Holdings Report (as of 1/31/12) Holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Holdings Report (as of 12/31/11) Holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Holdings Report (as of 11/30/11) 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 - International: Artio Global Management LLC, the Adviser for the Artio Global Funds, has outsourced its proxy voting to Institutional Shareholder Services (ISS). The Funds have thus adopted ISS's policies as their own.

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

Privacy Policy

Artio Global Funds' 2011 Final Distributions

ICI Primary for the Artio Global Funds Year-end Distributions

Supplemental Tax Information for the Artio Global Funds

 

Distributions-Class A

					Income		Capital Gains			Total
Year	Record Date	Ex-dividend Date	Payable Date		Distribution ($)		Short Term ($)	Long Term ($)		Distribution ($)
2011	12/27/11	12/28/11	12/29/11		0.0		0.0	0.0		0.0
2010	12/28/10	12/29/10	12/30/10		0.0		0.0	0.0		0.0
2009	12/28/09	12/29/09	12/30/09		0.88512		0.0	0.0		0.88512
2008	12/26/08	12/29/08	12/30/08		0.09548		0.0	0.0		0.09548
2007	12/26/07	12/27/07	12/28/07		0.07826		0.0	0.0		0.07826
2006	N/A	N/A	N/A		0.0		0.0	0.0		0.0
2005	N/A	N/A	N/A		0.0		0.0	0.0		0.0
2004	12/28/04	12/29/04	12/30/04		0.002174		0.0	0.0		0.002174

 

Distributions-Class I

					Income		Capital Gains			Total
Year	Record Date	Ex-dividend Date	Payable Date		Distribution ($)		Short Term ($)	Long Term ($)		Distribution ($)
2011	12/27/11	12/28/11	12/29/11		0.02455		0.0	0.0		0.02455
2010	12/28/10	12/29/10	12/30/10		0.08257		0.0	0.0		0.08257
2009	12/28/09	12/29/09	12/30/09		0.95340		0.0	0.0		0.95340
2008	12/26/08	12/29/08	12/30/08		0.27346		0.0	0.0		0.27346
2007	12/26/07	12/27/07	12/28/07		0.19325		0.0	0.0		0.19325
2006	N/A	N/A	N/A		0.0		0.0	0.0		0.0
2005	12/27/05	12/28/05	12/28/05		0.00273		0.0	0.0		0.00273
2004	10/28/05	10/31/05	10/31/05		0.00846		0.0	0.0		0.00846

 

Principal Strategies

The Global Equity Fund seeks to achieve its goal by investing in a wide variety of global equity securities issued throughout the world.

Under normal circumstances, the Fund will invest at least 80% of its net assets (including futures, options, swaps, other equity related instruments and borrowings for investment purposes) in equity securities of global issuers. To achieve its investment goal the Fund may use derivatives to a very substantial extent. The Fund will ordinarily invest at least 40% of its total assets in no fewer than three different countries outside the United States. The Fund is not constrained by a particular investment style, and may invest in "growth" or "value" securities. The Fund generally follows a multi-capitalization approach that focuses on mid- to large-capitalization companies.

The Fund may invest up to 35% of its total net assets in the securities of issuers located in emerging markets. The Fund's investment in emerging market securities will remain consistent with its status as a global equity fund.

The Fund may invest in derivatives for hedging and non-hedging purposes. Derivatives are financial instruments the value of which is derived from another security, a commodity (such as gold or oil), an index or a currency (a measure of value or rates, such as the S&P 500 Index or the prime lending rate).The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy to reduce risk, such as interest rate risk, currency risk, and price risk. Such derivatives may include, but are not limited to, futures contracts, forward foreign exchange contracts, non-deliverable forwards, options, options on futures, swaps, warrants and structured notes. From time to time, the Fund’s investments in derivatives may be significant.

The Fund may also invest in precious metal-related instruments (such as gold, silver, platinum and palladium), including (i) the equity securities of companies that explore for, extract, process or deal in precious metals, and related options or warrants thereof, (ii) asset-based securities indexed to the value of such metals, such as ETFs, and related options thereof (iii) precious metal related structured notes, futures and options on futures, swaps, and (iv) commodity pools and other indirect investments in precious metals (collectively “precious metal-related instruments”). The Fund may invest up to 20% of its net assets in a wholly-owned subsidiary of the Fund formed in the Cayman Islands.

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 Global Equity Fund, including, but not limited to: stock market risk, derivatives risk, emerging markets risk, leveraging risk, redemption risk, subsidiary risk, smaller company risk, liquidity risk, foreign currency transaction risk, foreign investment risk, custody/sub-custody risk, precious metals-related instruments risk and regulatory risk. The Fund may substantially increase its use of derivatives in response to unusual market conditions.