Group 1 - Artisan Small Cap Fund aims to invest in companies with franchise characteristics, strong earnings trajectories, and trading at a discount to estimated private market value [1] - In Q4 2025, the Fund posted strong absolute returns, outperforming both the Russell 2000® Growth Index and the Russell 2000® Index, despite elevated volatility and shifting market sentiment [1] - For the full year 2025, the Fund generated strong results but underperformed compared to both indexes [1] Group 2 - Hexcel Corporation (NYSE:HXL) is highlighted as a leading manufacturer of advanced lightweight composites technology, with a market capitalization of $6.513 billion [2] - Hexcel's stock closed at $81.82 per share on March 16, 2026, with a one-month return of -8.05% and a 52-week gain of 43.70% [2] - The Fund added to its position in Hexcel during Q4 2025, believing the worst of the cyclical pressures on new aircraft programs is behind, and expects Hexcel to benefit from increased aircraft production and higher composite content per aircraft [3]