Overview

Growth of $10,000

10-year period ended 06/30/2018

  • Class A at NAV

Historical Returns (%) as of Jun 30, 2018

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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.
 

Fund Facts as of Jul 31, 2018

Class I Inception 10/01/2009
Performance Inception 10/28/1992
Investment Objective Long-term capital appreciation
Total Net Assets $99.8M
Minimum Investment $250000
Expense Ratio (Gross)2 1.60%
Expense Ratio (Net)2,3 1.55%
CUSIP 277902649

Top 10 Holdings (%)4,5 as of Jun 30, 2018

Tencent Holdings Ltd
AIA Group Ltd
Ping An Insurance Group Co of China Ltd
Tingyi Cayman Islands Holding Corp
Hong Kong Exchanges & Clearing Ltd
ANTA Sports Products Ltd
Haier Electronics Group Co Ltd
Link REIT
Sands China Ltd
President Chain Store Corp
Total 49.06
 

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

About Risk: 

The value of equity securities is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. China region economies are export-driven and can be affected by developments in the economies of their major trading partners. Governmental actions in China can have a significant affect on economic conditions in that region. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Performance

Historical Returns (%) as of Jun 30, 2018

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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.
 

Calendar Year Returns (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV -51.05 60.71 8.79 -22.69 23.10 15.80 -0.57 -4.70 1.98 49.86
MSCI Golden Dragon Index1 -49.54 66.66 13.24 -18.67 22.19 6.89 7.72 -7.43 5.40 43.79
 

Fund Facts

Expense Ratio (Gross)2 1.60%
Expense Ratio (Net)2,3 1.55%
Class I Inception 10/01/2009
Performance Inception 10/28/1992
Distribution Frequency Annually

Risk Measures (3 Year)7 as of Jul 31, 2018

Alpha (%) 2.42
Beta 0.92
R-Squared (%) 93.41
Standard Deviation (%) 15.38
Sharpe Ratio 0.74
 

Morningstar Rating™ as of Jul 31, 2018

Time Period Rating Funds in
China Region
Category
Overall **** 80
3 Years **** 80
5 Years **** 74
10 Years ***** 41
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load.

©2018 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.
 

NAV History

Date NAV NAV Change
Aug 16, 2018 $24.01 $0.28
Aug 15, 2018 $23.73 -$0.66
Aug 14, 2018 $24.39 -$0.29
Aug 13, 2018 $24.68 -$0.44
Aug 10, 2018 $25.12 -$0.08
Aug 09, 2018 $25.20 $0.27
Aug 08, 2018 $24.93 $0.00
Aug 07, 2018 $24.93 $0.23
Aug 06, 2018 $24.70 -$0.09
Aug 03, 2018 $24.79 -$0.19
 

Distribution History8

Ex-Date Distribution Reinvest NAV
Dec 14, 2017 $0.23690 $24.68
Dec 15, 2016 $0.19680 $19.35
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 14, 2017 $2.70950 $24.68
Dec 17, 2015 $1.13210 $18.82
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: 

The value of equity securities is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. China region economies are export-driven and can be affected by developments in the economies of their major trading partners. Governmental actions in China can have a significant affect on economic conditions in that region. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Portfolio

Asset Mix (%)5,9 as of Jun 30, 2018

Portfolio Statistics as of Jun 30, 2018

Number of Holdings 41
Active Share10 67.09%
 

GICS Sector Breakdown (%)5 as of Jun 30, 2018

Assets by Country (%)5 as of Jun 30, 2018

China 57.08
Hong Kong 25.35
Taiwan 13.76
Macao 3.33
Cash & Other Assets 0.49
Total 100.00
 

Geographic Mix (%)5 as of Jun 30, 2018

Asia/Pacific 99.51
Cash & Other Assets 0.49
Total 100.00
 

Fund Holdings (%)5,11 as of Jun 30, 2018

Holding % of Net Assets
Tencent Holdings Ltd 9.55%
AIA Group Ltd 8.76%
Ping An Insurance Group Co of China Ltd 4.76%
Tingyi Cayman Islands Holding Corp 4.70%
Hong Kong Exchanges & Clearing Ltd 3.80%
ANTA Sports Products Ltd 3.68%
Haier Electronics Group Co Ltd 3.51%
Link REIT 3.38%
Sands China Ltd 3.31%
President Chain Store Corp 3.29%
View All

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

About Risk: 

The value of equity securities is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. China region economies are export-driven and can be affected by developments in the economies of their major trading partners. Governmental actions in China can have a significant affect on economic conditions in that region. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Management

June Lui

Portfolio Manager, BMO Global Asset Management (Asia) Ltd.
Joined BMO Global Asset Management (Asia) Limited 2007

Biography

Education

Experience
  • Managed Fund since 2015

 

Christopher Darling

Chief Investment Officer - Asia, BMO Global Asset Management (Asia) Limited
Joined BMO Global Asset Management (Asia) Limited 2006

Biography

Christopher Darling of BMO Global Asset Management (Asia) Limited is Chief Investment Officer – Asia and a portfolio manager.

He joined BMO Global Asset Management (Asia) Limited, an Eaton Vance investment subadviser, in 2006 as director of Asian Research. Christopher worked as a member of the Asian equities team at Capel Cure Myers in London, before joining Guardian Royal Exchange in 1991. He spent eight years at Lobard Odier from 1995, where he managed Japanese portfolios for institutional clients, as well as other Asia Pacific components. Immediately prior to joining BMO Global Asset Management (Asia) Limited in Hong Kong in 2006, Christopher worked in Hong Kong with the investment banking boutique, Fox-Pitt, Kelton Ltd, specializing in Asian and Japanese financials.

Christopher graduated from University College London and then earned an MSc in economic history from the London School of Economics.

Education
  • University College of London
  • MSc Economic History, London School of Economics

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2018

Annual Report

Download - Last updated: Aug 31, 2017

Full Prospectus

Download - Last updated: Jan 1, 2018

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

Proxy Statement

Download - Last updated: Aug 2, 2018

SAI

Download - Last updated: Jan 1, 2018

Semi-Annual Report

Download - Last updated: Feb 28, 2018

Summary Prospectus

Download - Last updated: Jan 1, 2018

XBRL

Download - Last updated: Jan 17, 2018