Fund Overview
Share Class
I
NAV | as of 04/14/2021
$92.18+$0.61 (+0.67%)
Morningstar | Style Box
Overall Morningstar Rating
Rated against 576 Small Growth funds as of 03/31/2021
View Morningstar Details
Growth of $10,000 (Hypothetical)
Since Inception 05/03/2004 to 03/31/2021 = $53,572.21
The MSCI AC Asia Pacific ex Japan Index replaced the Russell 2000® Growth Index as the Fund’s benchmark on March 19, 2021 because the Investment Manager and Subadviser believe the new benchmark is more representative of the Fund’s current investment strategies. The benchmarks are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The Russell 2000 Growth Index is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market.
Objective
By focusing on long term real returns, the fund aims to deliver capital appreciation and to outperform the MSCI Asia ex Japan index.
Why Consider
- The Fund may be appropriate for investors looking to gain exposure to the Asia Pacific region
- Invests in a focused portfolio of Asian companies identified through a combination of top-down thematic drivers and bottom-up fundamental research
- Real return approach focused on protecting and growing capital
Performance
Performance
Read Important Investment DisclosuresReturns
The MSCI AC Asia Pacific ex Japan Index replaced the Russell 2000® Growth Index as the Fund’s benchmark on March 19, 2021 because the Investment Manager and Subadviser believe the new benchmark is more representative of the Fund’s current investment strategies. The benchmarks are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The Russell 2000 Growth Index is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market.
Expense Ratios
- Gross Expense Ratio: 1.17%
- Net Expense Ratio: 1.11%
- Expense Cap Expiration Date: 05/01/2021
Distributions & Pricing
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Calendar Year Distributions
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Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Mar 24, 2021 $69.043600 — $33.229400 $35.814200 Dec 16, 2020 $6.420900 — — $6.420900 Dec 16, 2019 $32.956200 — $5.012700 $27.943500 Dec 26, 2008 $5.838900 — $0.039900 $5.799000 Dec 26, 2007 $19.054500 — $1.230100 $17.824400 Dec 26, 2006 $13.560000 — — $13.560000 Dec 27, 2005 $7.280000 — — $7.280000
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Portfolio & Holdings
Portfolio & Holdings
Top Holdings (Equity)
As of: 03/31/2021
| Samsung Electronics Co Ltd GDR | 7.75% |
| Taiwan Semiconductor Manufacturing Co Ltd ADR | 6.41% |
| Alibaba Group Holding Ltd | 5.99% |
| Tencent Holdings Ltd | 4.92% |
| Sea Ltd ADR | 4.07% |
| HDFC Bank Ltd ADR | 3.82% |
| Meituan, Class B 144A | 3.47% |
| CSL Ltd | 3.36% |
| Goodman Group | 3.04% |
| Afterpay Ltd | 2.59% |
| % in Top 10 Holdings | 45.42% |
Investment Approach
Investment Approach
Veritas Asia Pacific Fund
Veritas combines top-down analysis, focused on identifying long-term themes and trends, with bottom-up fundamental company research that seeks to identify companies within those identified themes and trends that it believes have sound business models, strong management and disciplined financial controls. Veritas seeks to focus on quality companies in sectors that they believe show long term structural growth potential with emphasis on industry leaders or emerging leaders with durable competitiveness.
About
About Veritas Asset Management
Background
Founded in 2003, Veritas Asset Management is a leading Global and Asian equities manager. The firm manages both funds and segregated portfolios for institutional and retail investors globally. The focus is on identifying good quality, sustainable businesses and remaining patient to buy into these companies at the right entry point in order to achieve long term real returns.
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View Fund DetailsFounded
2003
Headquarters
London, England
Affiliate Since
2014
Funds to Consider
Discover how the boutique advantage helps generate alpha.
Learn More About AMGPerformance Details
Veritas Asia Pacific Fund (MSEIX)
Fund Inception
Fund Inception
The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indicies exclude expenses. Unlike the Fund, the Index listed is unmanaged, is not available for investment and does not incur expenses.
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