Spoof Access

×
EMIRX

Emerging Markets Innovators Fund

×
Overview

The Strategy typically invests in smaller and mid-cap emerging and developing market stocks.

Inception Date
June 30, 2014
Investment Style
Emerging Markets Innovators
Fund Index
MSCI Emerging Markets Mid Cap Index
CUSIP
68385F306
NAV
  • A
(as of 05/25/2018)
$11.29
Total Assets
(as of 04/30/2018)
$532.14 MM
Gross Expense Ratio
(as of 04/30/2018)
2.04%
Net Expense Ratio
(as of 04/30/2018)
2.01%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
as of 03/31/2018

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • B
1 yr 3 yr since inception
Emerging Markets Innovators Fund (NAV)
1.35% 5.15% 5.15% 30.68% 10.05% 5.11%
MSCI Emerging Markets Mid Cap Index
-0.13% 1.66% 1.66% 21.97% 6.73% 3.67%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • B
1 yr 3 yr since inception
Emerging Markets Innovators Fund (with sales charge)
1.35% 5.15% 5.15% 30.68% 10.05% 5.11%
MSCI Emerging Markets Mid Cap Index
-0.13% 1.66% 1.66% 21.97% 6.73% 3.67%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-04-30
  • B
1 yr 3 yr since inception
Emerging Markets Innovators Fund (NAV)
-2.74% -2.98% 2.27% 20.68% 6.91% 4.24%
MSCI Emerging Markets Mid Cap Index
-0.11% -4.78% 1.55% 19.25% 3.92% 3.56%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-04-30
  • B
1 yr 3 yr since inception
Emerging Markets Innovators Fund (with sales charge)
-2.74% -2.98% 2.27% 20.68% 6.91% 4.24%
MSCI Emerging Markets Mid Cap Index
-0.11% -4.78% 1.55% 19.25% 3.92% 3.56%
Gross Expense Ratio: 2.04% | Net Expense Ratio: 2.01%

Year Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
2015 -6.21% -13.21%
2016 -1.44% 4.84%
2017 39.90% 35.14%

Date Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index MSCI EAFE MSCI World
4/30/2015 0.00 0.00 0.00 0.00
5/31/2015 -1.67 -3.51 -0.51 0.34
6/30/2015 -2.29 -7.29 -3.33 -1.99
7/31/2015 -6.67 -12.16 -1.32 -0.23
8/31/2015 -14.49 -20.07 -8.58 -6.83
9/30/2015 -17.00 -21.97 -13.22 -10.27
10/31/2015 -12.72 -17.22 -6.44 -3.16
11/30/2015 -13.56 -20.20 -7.90 -3.64
12/31/2015 -13.35 -22.00 -9.14 -5.33
1/31/2016 -17.00 -26.58 -15.71 -11.00
2/29/2016 -19.19 -27.16 -17.25 -11.66
3/31/2016 -13.56 -17.93 -11.87 -5.66
4/30/2016 -12.62 -16.93 -9.32 -4.17
5/31/2016 -13.45 -20.49 -10.14 -3.63
6/30/2016 -11.78 -18.00 -13.16 -4.71
7/31/2016 -9.28 -13.03 -8.76 -0.69
8/31/2016 -7.92 -12.56 -8.69 -0.60
9/30/2016 -6.15 -12.04 -7.57 -0.08
10/31/2016 -7.72 -12.41 -9.46 -2.01
11/30/2016 -14.60 -17.67 -11.26 -0.60
12/31/2016 -14.60 -18.22 -8.23 1.78
1/31/2017 -10.43 -13.73 -5.57 4.23
2/28/2017 -8.24 -10.42 -4.22 7.13
3/31/2017 -3.86 -7.90 -1.58 8.27
4/30/2017 1.25 -5.90 0.92 9.87
5/31/2017 1.25 -3.48 4.63 12.19
6/30/2017 2.61 -3.34 4.44 12.63
7/31/2017 7.82 1.52 7.46 15.32
8/31/2017 10.43 3.44 7.42 15.48
9/30/2017 11.05 2.76 10.09 18.07
10/31/2017 11.99 4.26 11.76 20.31
11/30/2017 15.02 4.63 12.93 22.91
12/31/2017 19.48 10.51 14.75 24.58
1/31/2018 25.95 17.86 20.50 31.15
2/28/2018 23.97 12.49 15.06 25.72
3/31/2018 25.64 12.34 12.99 22.98
4/30/2018 22.19 12.22 15.57 24.39
$ per share as of 05/26/2018

Date 2013 2014 2015 2016 2017
Short Term 0.0050
Long Term
Total Amount of Distribution 0.0050
Record Date 12/4/14
Ex Div Date 12/5/14
Pay Date 12/5/14

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(31.8% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
China 19.3% 25.0% -5.7%
India 13.7% 8.1% 5.6%
Taiwan 13.5% 12.4% 1.1%
South Korea 8.6% 15.3% -6.7%
Brazil 6.7% 9.1% -2.4%
South Africa 6.0% 8.4% -2.4%
Malaysia 3.1% 3.2% 0.0%
Mexico 2.5% 3.1% -0.6%
Argentina 2.4% - -
United Kingdom 2.1% - -
Thailand 2.0% 1.8% 0.2%
Hong Kong 1.6% - -
Indonesia 1.2% 1.7% -0.5%
Philippines 1.2% 1.0% 0.1%
Greece 0.9% 1.8% -0.9%
Pakistan 0.8% 0.4% 0.5%
United States 0.8% - -
Egypt 0.8% 0.2% 0.5%
Singapore 0.7% - -
Kenya 0.6% - -
Developed Markets Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Europe 3.1% - -
Asia Pacific 2.3% - -
Americas 0.8% - -
Emerging Markets Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Asia Pacific 64.1% 68.9% -4.8%
Americas 12.2% 14.2% -2.0%
Africa 7.4% 8.6% -1.2%
Europe 3.0% 7.1% -4.1%
Middle East 0.3% 1.3% -0.9%
Equity Sector Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Consumer Discretionary 27.7% 14.8% 12.9%
Information Technology 16.2% 14.0% 2.2%
Health Care 15.7% 8.2% 7.5%
Financials 11.9% 13.2% -1.3%
Consumer Staples 7.9% 7.5% 0.4%
Industrials 7.7% 15.4% -7.7%
Materials 3.7% 10.9% -7.2%
Real Estate 2.3% 6.4% -4.1%
Industry Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Biotechnology 9.3% 1.3% 8.0%
Diversified Consumer Services 6.8% 1.3% 5.4%
Specialty Retail 5.7% 2.3% 3.4%
Banks 5.2% 5.1% 0.2%
Hotels Restaurants & Leisure 4.7% 0.6% 4.1%
Food & Staples Retailing 4.2% 2.1% 2.1%
Electronic Equipment Instruments & Components 3.9% 3.0% 0.9%
IT Services 3.7% 0.4% 3.3%
Semiconductors & Semiconductor Equipment 3.6% 2.9% 0.7%
Consumer Finance 3.2% 0.9% 2.3%
Software 3.1% 1.2% 1.8%
Health Care Providers & Services 3.0% 1.2% 1.8%
Personal Products 3.0% 0.4% 2.5%
Auto Components 2.8% 0.9% 1.9%
Construction Materials 2.7% 2.2% 0.5%
Life Sciences Tools & Services 2.6% - -
Internet & Direct Marketing Retail 2.3% 0.7% 1.6%
Real Estate Management & Development 2.3% 4.4% -2.1%
Machinery 2.1% 2.8% -0.8%
Household Durables 2.0% 1.4% 0.6%
Asset Allocation Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Equity 93.2% 100.0% -6.8%
Net Cash and Equivalents 6.8% - -
Market Cap Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Mid 47.9% 36.1% 11.8%
Large 32.5% 60.2% -27.8%
Small 12.8% 3.6% 9.2%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
672
Category
Diversified Emerging Mkts
Performance Statistics
3Y
Alpha
3.72
Beta
0.72
Information Ratio
0.42
R-Squared
78.42
Sharpe Ratio
0.55
Standard Deviation
12.37
Upside Capture
89.10
Downside Capture
71.81
Sortino Ratio
0.24
Win Ratio
56.00
Loss Ratio
44.00
Tracking Error
7.19
Dividends
  • C
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.0077
12-Month Distribution ($)
$0.0077
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.90 B
$5.50 B
Median Market Cap (weighted)
$2.90 B
$4.40 B
P/E Ratio (LTM)
27.52
18.56
P/E Ratio (NTM)
20.65
13.65
Price/Book
4.39
1.91
Return on Equity
20.32%
14.01%
Turnover Ratio
23.00%
-
Active Share
92.39%
-
Distribution Sources
  • C
Net Income
0.00%
Net Profit from Sale
0.00%
Other Capital Sources
100.00%
Documents
  1. 1. Special Risks Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. These risks are magnified in frontier markets. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk. Small and mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small-sized or mid-sized company, if any gain is realized at all. Investments in securities of growth companies may be volatile.
  2. 2. Prior to 7/1/14, Class R shares were named Class N shares. Beginning 7/1/14, new purchases of Class R shares will no longer be subject to a CDSC upon redemption (any CDSC will remain in effect for purchases prior to 7/1/14),
  3. 3. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  4. 4. Access index definitions.
  5. 5. Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
  6. 6. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund’s prospectus.
  7. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  8. B. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  9. C. There is no guarantee of the payment of any dividend or other distributions at any level.
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )