Fund Facts As of 3/31/2023
- Ticker
- MICGX
- CUSIP
-
60462F820
- Inception Date
- 09/24/2010
- Fund Assets
- $449.0M
- Net Expense Ratio
- 1.15 %
- Gross Expense Ratio
- 1.19%
- Number of Holdings
- 68
- Asset Class
- Equity
- Benchmark
- MSCI Emerging Markets NR Index
Performance
________ EMGC Fund ________ MSCI EM IndexThis is a hypothetical $10,000 investment in the Fund. Assumes reinvestment of dividends and capital gains.
Past performance does not guarantee future results. Performance for the Fund’s other share classes would vary.
| As of 3/31/2023 | As of 3/31/2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| As of: | 1 month (%) |
YTD (%) |
SI* (%) |
As of: | Quarterly (%) |
1 YEAR (%) |
3 YEARS (%) |
5 YEARS (%) |
10 YEARS (%) |
SI* (%) |
|
| at NAV | As of 3/31/2023 | 1.38 | -0.69 | 2.95 | As of 3/31/2023 | -0.69 | -12.50 | -0.39 | -2.53 | 1.52 | 2.95 |
| at Max Load | As of 3/31/2023 | 1.38 | -0.69 | 2.95 | As of 3/31/2023 | -0.69 | -12.50 | -0.39 | -2.53 | 1.52 | 2.95 |
| MSCI Emerging Markets NR Index | As of 3/31/2023 | 3.03 | 3.96 | 1.91 | As of 3/31/2023 | 3.96 | -10.70 | 7.83 | -0.91 | 2.00 | 1.91 |
Emerging Market Great Consumer Fund: Total expense ratios: Class A=1.44%; Class C=2.19%; Class I=1.19%. Net expense ratios after fee waiver and reimbursement: Class A=1.40%; Class C=2.15%; Class I=1.15%.
*SI = Since Inception. Inception Date (Emerging Markets Great Consumer Fund): Class I= 9/24/2010; Class A&C= 11/04/2010.
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.
The Fund's investment manager, Mirae Asset Global Investments (USA) LLC ("Mirae Asset USA" or the "Investment Manager"), has contractually agreed to forego its management fee and, if necessary, to reimburse the Fund so that total operating expenses (excluding interest expense, taxes, brokerage commissions and certain other Fund expenses) of the Fund through August 31, 2023 do not exceed the "Net" values shown in the table above. The agreement may be terminated prior to August 31, 2023 upon 90 days' prior written notice by a majority of the non-interested trustees of the Trust or by a majority of the outstanding voting securities of the Fund.
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%.
Past performance does not guarantee future results. Performance for the Fund’s other share classes would vary.
Portfolio Allocation As of 3/31/2023
- Top 10 Holdings
- Sector Allocation
- Country Allocation
- Market Cap
| Top Ten Holdings | ||
|---|---|---|
| Company | Weighting (%) | Country |
| Alibaba Group Holding Limited | 6.6 | China |
| Tencent Holdings Ltd. | 4.3 | China |
| BYD Company Limited Class H | 3.6 | China |
| HDFC Bank Limited | 3.5 | India |
| Meituan Class B | 3.1 | China |
| China Tourism Group Duty Free Corporation Limited Class A | 3.1 | China |
| Li Ning Company Limited | 3.0 | China |
| China Merchants Bank Co., Ltd. Class H | 2.9 | China |
| Trip.com Group Ltd. Sponsored ADR | 2.8 | China |
| Galaxy Entertainment Group Limited | 2.8 | Hong Kong |
| Total | 35.7 | |
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. Totals may not equal 100% due to rounding.
Management Team
Fund Documents
Factsheet ©2022 Morningstar, Inc. 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. The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) 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. Past performance does not guarantee future results.
The MSCI Emerging Markets NR 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.
For shares of those Funds that have been in existence for less than one year, cumulative performance is utilized.
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, legal, 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.