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Overview

Brazil Sector Leader Fund

Objective

The Brazil Sector Leader Fund seeks to achieve long-term capital growth.

Fund Description

The Brazil Sector Leader Fund seeks to achieve its investment objective by investing its net assets in equity securities (a) of issuers in Brazil or that are tied economically to Brazil and (b) of issuers that are deemed by the sub-manager to be Sector Leaders.

Investment Strategy and Process

  • Mirae Asset defines Sector Leader companies as those which can maintain, or achieve in the future, a dominant position within their respective market.
  • Mirae Asset's Sector Leader approach is tailored to the fast growth and dynamic environment of emerging markets.
  • Mirae Asset's Sector Leader approach aims to identify early winners in growing industries, where entrepreneurship can produce long-term global competitiveness.
  • Mirae Asset applies extensive bottom-up research methods in a team-based setting to evaluate Sector Leader investment opportunities.

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Fund Facts

Brazil Sector Leader Fund

As of 03/31/2012

Benchmark
MSCI Brazil Index 1
MSCI Brazil 10/40 Index 2
Fund Assets (mm)
$8.6
Number of Holdings
27


1 The MSCI Brazil Index is a free float-adjusted market capitalizationweighted index that is designed to measure the equity market performance of the Brazilian market.

1 The MSCI Brazil 10/40 Index is calculated through an algorithmic adjustment of the weightings of the components of the MSCI Brazil Index, according to certain constraints, as defined by MSCI.

An investor cannot invest directly in an index.

Share Classes

Class
Ticker
CUSIP
Inception Date
A
MALBX
60462F879
09/24/10
C
MCLBX
60462F861
09/24/10
I
MILBX
60462F853
09/24/10

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Performance

Brazil Sector Leader Fund

Performance as of 04/30/2012

Share Class Ticker Inception Date NAV per Share as of 04/30/2012 *  
Monthly as of 04/30/2012 (%)
Quarterly as of 03/31/2012 (%)
1 Mo
YTD
Since Inception¹
Quarterly
1 Year
Since Inception¹
A MALBX 09/24/2010 7.99 at NAV -7.45 8.45 -7.71 17.18 -13.46 -3.31
with sales charge -12.77 2.21 -11.07 10.44 -18.44 -7.02
C MCLBX 09/24/2010 7.92 at NAV -7.50 8.20 -8.34 16.97 -14.09 -3.97
with sales charge -8.42 7.12 -8.34 15.81 -14.95 -3.97
I MILBX 09/24/2010 7.99 at NAV -7.43 8.55 -7.63 17.26 -13.24 -3.23
with sales charge -7.43 8.55 -7.63 17.26 -13.24 -3.23



* NAV (Net Asset Value) has not been adjusted to reflect any applicable sales charge.

1 Annualized.


Past performance does not guarantee future results. The performance data quoted represent past performance and current returns may be lower or higher. Share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. For periods more than one year, performance is annualized. For performance data as of the most recent month-end please call 888-335-3417 or visit www.miraeasset.com.

The Fund performance may not be indicative of the Fund's long-term potential. The Fund's returns will fluctuate over long- and short-term periods. "NAV" is the Fund's Net Asset Value per share and has not been adjusted to reflect any applicable sales charge. Maximum sales charge (load) as a percentage of the offering price (applies to Class A shares only): 5.75%. Maximum deferred sales charge (load) for redemptions within one year of purchase (applies to Class C shares and may apply to certain redemptions of Class A shares): 1.00%.

Mirae Asset Global Investments has contractually agreed at least through August 31, 2011 to limit the fund's expense ratio as described in the prospectus, at which time this arrangement may be terminated, extended or modified. Total expense ratios: Class A 8.39%; Class C 9.16%; Class I 5.08%. (Net expense ratios after fee waiver and reimbursement: Class A 1.75%; Class C 2.50%; Class I 1.50%.)

Portfolio

Brazil Sector Leader Fund

Top Ten Holdings as of 03/31/2012

Holdings Portfolio Weightings (%)
Petroleo Brasileiro S.A.-Adr
3.5%
Vale Sa-Sp Pref Adr
2.9%
Br Properties Sa
2.8%
Magazine Luiza Sa
2.8%
Itau Unibanco Hldng-Pref Adr
2.8%
Ogx Petroleo E Gas Participa
2.7%
Itau Unibanco Holding S-Pref
2.6%
Metalurgica Gerdau Sa-Pref
2.5%
Banco Bradesco-Adr
2.4%
Sul America Sa - Units
2.3%

Sector Allocation as of 03/31/2012


The portfolio holdings and allocations will change and the information provided should not be considered as a recommendation to purchase or sell a particular security. There is no assurance that the securities mentioned remain in the Fund's portfolio or that securities sold have not been repurchased.

Growth of $10,000 as of 03/31/2012


A hypothetical $10,000 investment in the fund's Class A shares on 9/24/10 would have been worth $7,363 on 12/31/11. This does not reflect the 5.75% maximum front-end sales load applicable to Class A shares which, if reflected, would have lowered performance. Assumes reinvestment of dividends and capital gains.

Past performance does not guarantee future results.

Performance for the fund's other share classes would vary.

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Managers

Brazil Sector Leader Fund

Young Hwan Kim

Young Hwan Kim


Chief Investment Officer - Latin America

São Paulo

11 years' investment experience

Young Hwan Kim, Chief Investment Officer, Latin America, manages a number of flagship Mirae Asset portfolios.

Mr Kim joined Mirae Asset in 2000, beginning as an analyst and eventually was promoted to the head of Korean Equity Division 2. He was Mirae Asset's Head of Latin American Equity in 2007 and 2008, based in the UK.

Mr. Kim holds a Master of Business Administration degree and a Bachelor of Politics and Diplomatic degree from Yonsei University, and is fluent in Korean.

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Downloads

Brazil Sector Leader Fund

Fund Literature, Documents, and Forms

Fund Literature
Prospectus
Commentary
Factsheet
Documents & Forms
Holdings (recent quarter)
Holdings (Form N-Q)
Annual Report
Seminnual Report
SAI

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Important Information

Risk Factors

EQUITY SECURITIES (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

EMERGING MARKET investing may be subject to additional economic, political, liquidity, and currency risks not associated with more developed countries.

GEOGRAPHIC CONCENTRATION RISK — A small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic or regulatory developments in that country or region.



 

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