Overview

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
02/28/2017
Fund at NAV 2.45 5.94 7.37 21.09 2.98 4.53
Fund w/Max Sales Charge -2.41 0.94 2.29 15.31 1.33 3.36
MSCI Emerging Markets Index1 3.06 8.94 8.70 29.46 1.35 -0.37 1.04
12/31/2016
Fund at NAV -1.33 -6.13 6.55 6.55 -1.04 2.94
Fund w/Max Sales Charge -5.99 -10.62 1.48 1.48 -2.62 1.75
MSCI Emerging Markets Index1 0.22 -4.16 11.19 11.19 -2.55 1.27 -0.92
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Max Sales Charge: 4.75%.

Fund Factsas of Feb 28, 2017

Class A Inception 10/29/2012
Investment Objective Long-term capital appreciation
Total Net Assets $141.1M
Minimum Investment $2000
Expense Ratio (Gross)2 1.81%
Expense Ratio (Net)2,3 1.27%
CUSIP 131649816

Top 10 Holdings (%)4,5as of Feb 28, 2017

Tencent Holdings Ltd
Taiwan Semiconductor Manufacturing Co Ltd
Alibaba Group Holding Ltd
Techtronic Industries Co Ltd
HDFC Bank Ltd
AIA Group Ltd
KB Financial Group Inc
Samsonite International SA
Power Grid Corp of India Ltd
Bank Rakyat Indonesia Persero Tbk PT
Total 35.10

Portfolio Management

Gary Greenberg, CFA Managed Fund since 2012
Elena Tedesco, CFA Managed Fund since 2015

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund, or the Fund could underperform, because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected, and/or the Fund's portfolio management practices may not achieve the desired result. Investing in foreign securities involves additional risks relating to political, social, and economic developments abroad; differences between the regulations that apply to U.S. and foreign issuers and markets; the potential for foreign markets to be less liquid and more volatile than U.S. markets; and currency risk associated with securities that trade or are denominated in currencies other than the U.S. dollar. In addition, the risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. The Fund is non-diversified and may be more volatile than a diversified fund.


Performance

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
02/28/2017
Fund at NAV 2.45 5.94 7.37 21.09 2.98 4.53
Fund w/Max Sales Charge -2.41 0.94 2.29 15.31 1.33 3.36
MSCI Emerging Markets Index1 3.06 8.94 8.70 29.46 1.35 -0.37 1.04
Morningstar™ Diversified Emerging Mkts Category6 2.58 8.27 8.23 25.50 0.41 0.20
12/31/2016
Fund at NAV -1.33 -6.13 6.55 6.55 -1.04 2.94
Fund w/Max Sales Charge -5.99 -10.62 1.48 1.48 -2.62 1.75
MSCI Emerging Markets Index1 0.22 -4.16 11.19 11.19 -2.55 1.27 -0.92
Morningstar™ Diversified Emerging Mkts Category6 0.01 -5.30 8.47 8.47 -3.18 1.61
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Max Sales Charge: 4.75%.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 10.95 -1.37 -7.78 6.55
MSCI Emerging Markets Index1 39.39 -53.33 78.51 18.88 -18.42 18.22 -2.60 -2.19 -14.92 11.19

Fund Facts

Expense Ratio (Gross)2 1.81%
Expense Ratio (Net)2,3 1.27%
Class A Inception 10/29/2012
Distribution Frequency Annually

Risk Measures (3 Year)7as of Feb 28, 2017

Alpha (%) 1.78
Beta 0.80
R-Squared (%) 90.10
Standard Deviation (%) 13.58
Sharpe Ratio 0.21
Large Growth
Morningstar Equity Style Box
The Morningstar Style Box™ reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.

©2017 Morningstar. 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.

NAV History

Date NAV NAV Change
Mar 27, 2017 $13.60 -$0.06
Mar 24, 2017 $13.66 $0.05
Mar 23, 2017 $13.61 $0.04
Mar 22, 2017 $13.57 $0.04
Mar 21, 2017 $13.53 -$0.14
Mar 20, 2017 $13.67 $0.10
Mar 17, 2017 $13.57 $0.07
Mar 16, 2017 $13.50 $0.17
Mar 15, 2017 $13.33 $0.21
Mar 14, 2017 $13.12 $0.01

Distribution History8

Ex-Date Distribution Reinvest NAV
Dec 27, 2016 $0.06556 $11.89
Dec 29, 2015 $0.10082 $11.52
Dec 29, 2014 $0.03112 $12.55
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus

Capital Gain History8

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 11, 2014 $0.41298 $12.59
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund, or the Fund could underperform, because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected, and/or the Fund's portfolio management practices may not achieve the desired result. Investing in foreign securities involves additional risks relating to political, social, and economic developments abroad; differences between the regulations that apply to U.S. and foreign issuers and markets; the potential for foreign markets to be less liquid and more volatile than U.S. markets; and currency risk associated with securities that trade or are denominated in currencies other than the U.S. dollar. In addition, the risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. The Fund is non-diversified and may be more volatile than a diversified fund.


Portfolio

Asset Mix (%)5as of Feb 28, 2017

Equity 96.81
Cash 1.72
Fixed Income 1.47
Total 100.00

GICS Sector Breakdown (%)5as of Feb 28, 2017

Sector Fund MSCI Emerging Markets Index1
Consumer Discretionary 20.63 10.34
Consumer Staples 6.84 6.99
Energy 1.73 7.41
Financials 23.45 24.47
Health Care 8.08 2.46
Industrials 1.35 5.81
Information Technology 28.25 23.88
Materials 1.77 7.57
Real Estate 2.59
Telecom Services 5.63
Utilities 4.71 2.85
Other 1.47
Cash 1.72

Assets by Country (%)5as of Feb 28, 2017

Taiwan 16.22
China 16.18
India 14.44
Brazil 8.30
Hong Kong 6.63
South Africa 6.26
Korea 5.15
Russian Federation 4.81
United States 4.33
Mexico 3.44
Total 100.00
View All

Fund Holdings (%)5,9as of Jan 31, 2017

Holding % of Net Assets
US Dollars 7.47%
Tencent Holdings Ltd 5.65%
Taiwan Semiconductor Manufacturing Co Ltd 4.94%
Alibaba Group Holding Ltd 3.77%
HDFC Bank Ltd 3.24%
Techtronic Industries Co Ltd 2.84%
KB Financial Group Inc 2.76%
AIA Group Ltd 2.65%
Samsonite International SA 2.62%
Power Grid Corp of India Ltd 2.41%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund, or the Fund could underperform, because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected, and/or the Fund's portfolio management practices may not achieve the desired result. Investing in foreign securities involves additional risks relating to political, social, and economic developments abroad; differences between the regulations that apply to U.S. and foreign issuers and markets; the potential for foreign markets to be less liquid and more volatile than U.S. markets; and currency risk associated with securities that trade or are denominated in currencies other than the U.S. dollar. In addition, the risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. The Fund is non-diversified and may be more volatile than a diversified fund.


Insights & Analysis

Commentary

No commentary information is currently available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund, or the Fund could underperform, because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected, and/or the Fund's portfolio management practices may not achieve the desired result. Investing in foreign securities involves additional risks relating to political, social, and economic developments abroad; differences between the regulations that apply to U.S. and foreign issuers and markets; the potential for foreign markets to be less liquid and more volatile than U.S. markets; and currency risk associated with securities that trade or are denominated in currencies other than the U.S. dollar. In addition, the risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. The Fund is non-diversified and may be more volatile than a diversified fund.

Attribution

No attribution information is currently available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund, or the Fund could underperform, because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected, and/or the Fund's portfolio management practices may not achieve the desired result. Investing in foreign securities involves additional risks relating to political, social, and economic developments abroad; differences between the regulations that apply to U.S. and foreign issuers and markets; the potential for foreign markets to be less liquid and more volatile than U.S. markets; and currency risk associated with securities that trade or are denominated in currencies other than the U.S. dollar. In addition, the risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. The Fund is non-diversified and may be more volatile than a diversified fund.


Management

Biography

Gary Greenberg, CFA

Lead Portfolio Manager, Hermes Emerging Markets at Hermes

Education

Experience
  • Managed Fund since 2012

 
Biography

Elena Tedesco, CFA

Co-Portfolio Manager, Hermes Emerging Markets at Hermes

Education

Experience
  • Managed Fund since 2015

 

Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2016

Commentary

Download - Last updated: Dec 31, 2016

Attribution

Download - Last updated: Dec 31, 2016

Annual Report

Download - Last updated: Sep 30, 2016

Full Prospectus

Download - Last updated: Feb 1, 2017

SAI

Download - Last updated: Feb 1, 2017

Semi-Annual Report

Download - Last updated: Mar 31, 2016

Summary Prospectus

Download - Last updated: Feb 1, 2017

XBRL

Download - Last updated: Feb 1, 2017