Emerging Markets Value

as of 04/17/14
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Daily Price (04/17/14) $9.56 Daily Change: $+0.06 (+0.63%)  
Investment Objective: Growth Ticker Symbol: AEVVX
Fund Type: International Stock Funds Fund Code: 899
Share Class: Investor Inception Date: 10/31/13
Total Assets: $2,362,687.65 Newspaper Symbol: EmgMktVal  
PerformanceG1

Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent month end. For additional share class information, consult the prospectus.

  Total Return Average Annual Total Return as of 03/31/2014
Expense
Ratio*
Inception
Date
as of
04/17/2014
YTD
as of
03/31/2014
1 yr
3 yr 5 yr 10 yr 20 yr Life
  -1.04% --% --% --% --% --% -5.90% 1.53% 10/31/13
Morningstar
Ratings
M1:(as of 03/31/2014)
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Funds rated in category:--------------
Morningstar Category:
Lipper Quartiles & Rankings:L1 ------------
 

M1For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics. Past performance is no guarantee of future results. Morningstar Rating™ is for Investor share class only; other classes may have difference performance characteristics.

Morningstar Info

Overall Rating
Stars
(as of 03/31/2014 )

The fund's current expense ratio is 1.53%

Investment Strategy:
  • Using a quantitative investing approach, seeks foreign companies in emerging markets that exhibit value-style characteristics.K1,K2,K3
For Investors who:
  • Seek long-term capital growth.
  • Want portfolio diversification outside the United States, and particularly diversification within emerging markets.K1
  • can tolerate high share price fluctuation.K2
Risk Factors:

International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

Fund Management

Vinod Chandrashekaran, Ph.D.
Vinod Chandrashekaran, Ph.D.
Senior Vice President, Portfolio Manager
Director of Quantitative Research

Yulin Long, Ph.D.
Yulin Long, Ph.D.
Vice President, Portfolio Manager

Elizabeth Xie, Ph.D., CFA
Elizabeth Xie, Ph.D., CFA
Portfolio Manager, Senior Quantitative Analyst

Objective

Long-term capital growth



Footnotes

(*) The annual expense ratio is based on expenses incurred by the fund, as stated in the most recent prospectus.

Returns or yields for the fund would have been lower if a portion of the management fee had not been waived. Review the annual or semi-annual report for the most current information.

G1Fund performance may be subject to substantial short-term changes due to market volatility or other factors.

K1International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.

K2Historically, small-cap stocks have been more volatile than the stock of larger, more established companies.

K3The portfolio managers use an approach to stock investing that relies heavily on quantitative tools to identify companies, regardless of size, industry type or geographic location, whose share price patterns suggest their stocks are likely to increase in value. Among the risks associated with the fund, is the reliance on the fundís computer-based investment process. If the investment style embedded in this process falls out of favor with the market, the fundís performance may suffer.

L1Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Reuters Company, subject to the following: Copyright © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.

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