- Constraints
- "…people who take the traditional approach of investing in less industrialized nations will be disappointed by their returns." —Bloomberg, 2020
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The investment team seeks to build, preserve and reinforce a stream of compounded business value. It defines this emphasis as follows:
Build: Pair low penetration domestic demand with scalable and enduring businesses.
Preserve: Create a differentiated correlation experience, manage currency volatility and limit risk of investment impairment.
Reinforce: Reinforce a compounding outcome through methodical portfolio improvement.
As of 31 December 2020 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Investor Class: ARTYX | 20.05 | 81.22 | 81.22 | 29.37 | 26.72 | — | 21.09 |
MSCI Emerging Markets Index | 19.70 | 18.31 | 18.31 | 6.17 | 12.81 | — | 8.04 |
As of 31 December 2020 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Investor Class: ARTYX | 20.05 | 81.22 | 81.22 | 29.37 | 26.72 | — | 21.09 |
MSCI Emerging Markets Index | 19.70 | 18.31 | 18.31 | 6.17 | 12.81 | — | 8.04 |
2016 | 2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|---|
Investor Class: ARTYX | 11.74 | 35.06 | -15.68 | 41.67 | 81.22 |
MSCI Emerging Markets Index | 11.19 | 37.28 | -14.57 | 18.42 | 18.31 |
As of 31 December 2020 | Average Up Month | Average Down Month |
Investor Class: ARTYX | 477bps | -280bps |
MSCI Emerging Markets Index | 406bps | -414bps |
Difference | 71bps | +134bps |
Based on monthly returns for ARTYX (Investor Shares) beginning with July 2015, the first full month since inception. Upside/Downside Capture represents average monthly returns during months when the index was positive and negative, respectively.
Morningstar Rating and Analyst Rating Disclosure
Star ratings are based on risk-adjusted returns. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-year, 5-year, and 10-year Morningstar Ratings metrics. 697 funds in the Diversified Emerging Mkts category. View full Fund ratings.
The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. View Important Disclosures below for further details.
Annual Report 30 September 2020 | 1.28% |
---|---|
Prospectus 30 September 2019 | 1.36% |
See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 31 December 2020) |
|
---|---|
Visa Inc (United States) | 6.2 |
Sea Ltd (Singapore) | 6.2 |
Alibaba Group Holding Ltd (China) | 6.1 |
MercadoLibre Inc (Argentina) | 5.0 |
Uber Technologies Inc (United States) | 4.6 |
NVIDIA Corp (United States) | 4.6 |
Wuxi Biologics Cayman Inc (China) | 4.5 |
Meituan (China) | 4.4 |
Unity Software Inc (United States) | 4.3 |
TAL Education Group (China) | 4.3 |
Total | 50.1% |
Portfolio Statistics (as of 31 December 2020) |
|
---|---|
Median Market Cap (Billions) | $89.8 |
Weighted Avg. Market Cap (Billions) | $196.2 |
Number of Securities | 31 |
Number of Countries | 10 |
Cash (% of total portfolio) | 0.7% |
Region Allocation (% of total portfolio equities as of 31 December 2020) |
|
---|---|
|
|
Asia | 48.7 |
Developed Markets | 42.0 |
Latin America | 7.4 |
Europe, Middle East and Africa | 1.9 |
Total | 100.0% |
Top 10 Countries (% of total portfolio equities as of 31 December 2020) |
|
---|---|
China | 38.4 |
United States | 30.8 |
Netherlands | 7.3 |
Singapore | 6.2 |
Argentina | 5.0 |
France | 4.0 |
India | 3.1 |
Brazil | 2.4 |
Russia | 1.9 |
Hong Kong | 1.0 |