VIT Fund Facts AS OF 10/30/2020
- CUSIP
- 60462F382
- Inception Date
- 11/13/2019
- Fund Assets
- $3.0M
- Net Expense Ratio
- 1.15%
- Gross Expense Ratio
- 7.34%
- Number of Holdings
- 49
- Asset Class
- Equity
- Benchmark
- MSCI Emerging Markets NR Index
Performance
| AS OF 10/30/2020 | AS OF 9/30/2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| As of: | 1 month (%) |
YTD (%) |
SI* (%) |
As of: | Quarterly (%) |
1 YEAR (%) |
3 YEARS (%) |
5 YEARS (%) |
10 YEARS (%) |
SI* (%) |
|
| at Nav | AS OF 10/30/2020 | 2.42 | 13.47 | 20.07 | AS OF 9/30/2020 | 10.17 | --- | --- | --- | --- | 6.41 |
| MSCI Emerging Markets NR Index | AS OF 10/30/2020 | 2.06 | 0.87 | 8.03 | AS OF 9/30/2020 | 9.56 | --- | --- | --- | --- | -3.38 |
Emerging Market Great Consumer VIT Fund: Total expense ratios: Class I=7.34%. Net expense ratios after fee waiver and reimbursement: Class I=1.15%.
*Inception date= 11/13/2019
The Fund has been in existence for less than one year; cumulative performance may not be indicative of the Fund's long term potential. The Fund returns will fluctuate over long and short-term periods. 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, 2021 do not exceed the "Net" values shown in the table above. The agreement may be terminated prior to August 31, 2021 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.
Past performance does not guarantee future results.
Portfolio Allocation AS OF 10/30/2020
- Top 10 Holdings
- Sector Allocation
- Country Allocation
- Market Cap
| Top Ten Holdings | ||
|---|---|---|
| Company | Weighting (%) | Country |
| Alibaba Group Holding Ltd. | 7.9 | China |
| Tencent Holdings Ltd. | 5.8 | China |
| New Oriental Education & Technology Group, Inc. Sponsored ADR | 5.0 | China |
| HDFC Bank Limited | 3.9 | India |
| NAVER Corp. | 3.5 | South Korea |
| Li Ning Company Limited | 3.3 | China |
| Asian Paints Ltd. | 3.2 | India |
| Hindustan Unilever Limited | 3.2 | India |
| Galaxy Entertainment Group Limited | 3.0 | Hong Kong |
| Nestle India Ltd. | 3.0 | India |
| Total | 41.8 | |
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
Annual Report Mirae VIT Funds Investors do not contact the Fund directly to purchase or redeem shares. Shares of the Fund are currently sold only to separate accounts of Participating Insurance Companies to fund benefits payable under the Policies. Shares are purchased or redeemed at the Fund’s next determined net asset value after orders are received from separate accounts in proper form on any business day. The Fund does not have initial and subsequent investment minimums. Please refer to the applicable policy prospectus for more information on purchasing and redeeming Fund shares.
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.