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Overview

Global Emerging Markets Sector Leader Fund

Objective

The Global Emerging Markets Sector Leader Fund seeks to achieve long-term capital growth.

Fund Description

The Global Emerging Markets Sector Leader Fund seeks to achieve its investment objective by investing its net assets in equity securities (a) of issuers in emerging markets or that are tied economically to emerging markets and (b) of issuers that are deemed by the Investment 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

Global Emerging Markets Sector Leader Fund

As of 03/31/2012

Benchmark
MSCI Emerging Markets Index 1
Fund Assets (mm)
$15.5
Number of Holdings
51


1 The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. An investor cannot invest directly in an index.

Share Classes

Class
Ticker
CUSIP
Inception Date
A
MALGX
60462F101
09/24/10
C
MCLGX
60462F200
09/24/10
I
MILGX
60462F309
09/24/10

Questions?

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

877-MIRAE-01 (877-647-2301)
 

Performance

Global Emerging Markets 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 MALGX 09/24/2010 9.35 at NAV 0.29 13.47 -1.48 13.15 -10.01 -1.74
with sales charge -5.48 6.95 -5.06 6.64 -15.18 -5.51
C MCLGX 09/24/2010 9.23 at NAV 0.22 13.18 -2.19 12.93 -10.68 -2.45
with sales charge -0.78 12.05 -2.19 11.80 -11.58 -2.45
I MILGX 09/24/2010 9.39 at NAV 0.31 13.56 -1.17 13.21 -9.80 -1.43
with sales charge 0.31 13.56 -1.17 13.21 -9.80 -1.43



* 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, 2012 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 8.06%; Class C 8.75%; Class I 4.64%. (Net expense ratios after fee waiver and reimbursement: Class A 1.85%; Class C 2.60%; Class I 1.60%).

Portfolio

Global Emerging Markets Sector Leader Fund

Top Ten Holdings as of 03/31/2012

Holdings
Portfolio Weightings (%)
Country
Avi Ltd
3.5%
South Africa
Vale Sa-Sp Pref Adr
2.9%
Brazil
Br Properties Sa
2.8%
Brazil
The Foschini Group Ltd
2.8%
South Africa
Banco Bradesco S.A.
2.8%
Brazil
Samsung Electronics Co Ltd
2.7%
South Korea
Capitec Bank Holdings Ltd
2.6%
South Africa
Lsr Group Ojsc-Gdr Regs
2.5%
Russia
Itau Unibanco Hldng-Pref Adr
2.4%
Brazil
Magazine Luiza Sa
2.3%
Brazil

Country Allocation as of 03/31/2012

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 $8,236 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

Global Emerging Markets Sector Leader Fund

José Gerardo Morales, CFA

Jose Gerardo Morales


Chief Investment Officer - U.S. and EMEA

New York

22 years' investment experience

José Gerardo Morales, Chief Investment Officer, U.S. and EMEA, heads the portfolio management team responsible for investments in Eastern Europe, Russia, the Middle East and Africa.

Before joining Mirae Asset in 2007, Mr. Morales was Head of Emerging European Equities at Pictet Asset Management. Prior to Pictet, he was Head of EMEA Emerging Markets at WestLB Asset Management and lead manager of the award-winning WestAM Compass European Convergence Fund. He also worked at HSBC Asset Management, where he gained extensive experience managing EMEA, Latin America and Asia Pacific equity portfolios.

Mr. Morales holds a Master of Business Administration degree from Georgetown University and a Bachelor of Finance degree from George Mason University and is fluent in Spanish. He is a CFA charterholder.

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.

Rahul Chadha

Rahul Chadha


Head of Asia Pacific Investment Division

Hong Kong

12 years' investment experience

Rahul Chadha is the Head of Asia Pacific Investment Division for Mirae Asset Global Investments (Hong Kong) and manages investments in India and other Asian markets. He is responsible for research coverage in the financials, industrials and materials sectors for India equities, and also manages the India Sector Leader Equity strategy.

Mr. Chadha began his career in 1999 as a research analyst with Dundee Mutual Funds, where he spent four years covering India equities. He subsequently joined Aviva Life Insurance in 2003 as a senior research analyst on their India team. During his tenure, Aviva's Unit-Linked Balanced and Growth India Funds were consistently ranked among the best-performing funds in their respective categories. Mr. Chadha joined Standard Chartered Mutual Funds in 2005 as a senior equity analyst responsible for sector coverage in India.

He holds a Master of Finance and Control degree and a Bachelor of Business Studies degree from the University of Delhi, and is fluent in Hindi.

Byung-Ha Kim

Byung-Ha Kim


Head of China Investment Team

Hong Kong

12 years' investment experience

Byung-Ha Kim is a Senior Portfolio Manager for Mirae Asset Global Investments (Hong Kong).

He manages investments in China and other Asian markets. He has twelve years of experience in capital markets and fund management in Korea. Prior to joining Mirae Asset, he served as a strategist at the research entity of Mirae Asset Global Investments in Seoul. He began his professional career as an Analyst and Portfolio Manager covering the Korean stock market.

Mr. Kim graduated with a Bachelor of Business Administration degree from Seoul National 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

Global Emerging Markets 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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