Fund Description
Overview
- Invests predominantly in equity securities of China, Taiwan and Hong Kong
- Offers access to a region with rising share of global markets and what managers believe are favorable demographics
- Managed by one of the largest investment managers in Asia
Investment Objective
The Fund seeks long-term capital appreciation.
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Management Team
Bratin Sanyal
Head of Asian Equity Investments
Managed Fund since 2006
Oscar Leung Kin Fai, CFA
Senior Investment Manager
Managed Fund since 2006
Michael Hon Lung Chiu, CFA
North Asian Equity Research
Managed Fund since 2006
View Detailed Information
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Most Recent Month-End
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Most Recent Quarter-End
| As of 06/30/2010 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(12/2005) |
Gross
Exp. |
Net
Exp.1, 2 |
| Net Asset Value |
-8.88 |
+5.56 |
-0.73 |
— |
— |
+12.02 |
2.29% |
2.11% |
| With Sales Charge |
-14.13 |
-0.48 |
-2.67 |
— |
— |
+10.57 |
|
|
| As of 06/30/2010 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(12/2005) |
Gross
Exp. |
Net
Exp.1, 2 |
| Net Asset Value |
-8.88 |
+5.56 |
-0.73 |
— |
— |
+12.02 |
2.29% |
2.11% |
| With Sales Charge |
-14.13 |
-0.48 |
-2.67 |
— |
— |
+10.57 |
|
|
View Detailed Performance
Current Maximum Sales Charge: 5.75%
1 The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, brokerage, and extraordinary expenses and is subject to possible recoupment. Please see the Fund's prospectus for more information.
2 The expense limits will continue through at least March 1, 2011. Expenses are being waived to the contractual cap.
Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SEC fund returns assume the reinvestment of dividends and capital gain distributions and include a sales charge. Net Asset Value fund returns assume the reinvestment of dividends and capital gain distributions. Total return for less than one year is not annualized. Results would have been less favorable if the sales charge were included.
It is important to note that the Fund has a limited operating history. Performance over a longer period of time may be more meaningful than short-term performance.
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market stocks may be especially volatile. Investing in stocks of Small- and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. The Fund may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance. Growth Stocks may be more volatile than value stocks due to their relatively high valuations, and growth investing may fall out of favor with investors. Prices of Value-Oriented Securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions. Investments in the Greater China Region are subject to special risks. The potential of illiquid securities is greater for investments in this region. Because the Fund Concentrates on a single region, performance may be more volatile than that of a fund that invests globally. The Fund may invest in markets where Custodial and/or Settlement Systems are not fully developed which may be exposed to additional risk. Other risks of the Fund include but are not limited to: Rule 144A Securities Risks; Convertible and Debt Securities Risks; Initial Public Offerings Risks; Non-Diversification Risks; Other Investment Companies Risks; Price Volatility Risks; Portfolio Turnover Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.