Polunin Developing Countries A (FUND:B39MWN4) - Overview

Fund Report

Polunin Funds - Developing Countries Fund A

Key Stats
Morningstar® CategoryGlobal Emerging Markets Equity
Manager Name-
Inception Date31/10/2007
NAV 02/12/2016USD 837.49
Day Change-0.46%
12 Month Yield0.00%
ISINLU0327175351
SEDOLB39MWN4
Dividend Frequency-
Net Assets (mil) 31/10/2016353.33 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment- USD
Pricing FrequencyDaily
Dealing Cut off Time12:00:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.96%
AMC1.50%
Fund Rebate-

Morningstar Rating™

Not Rated

Benchmarks

Fund Benchmark

N/A

Morningstar® Benchmark

MSCI EM NR USD

Growth Of 10,000 (USD) 30/11/2016

How has this security performed
20122013201420152016
Fund19.415.704.31-16.4318.47
Category17.13-1.38-2.79-14.388.61
Benchmark18.22-2.60-2.19-14.9210.94
  • Fund: Polunin Funds - Developing Countries Fund A
  • Category: Global Emerging Markets Equity
  • Benchmark: MSCI EM NR USD
Trailing Returns % (USD) 02/12/2016
FundCatBmark
YTD18.068.399.81
3 Years Annualised1.05-3.66-2.80
5 Years Annualised4.090.21-0.02
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Polunin Funds – Developing Countries Fund is a UCITS SICAV incorporated in Luxembourg. The objective of the Fund is to outperform the MSCI EM Free Index over 3-5 year cycles. Using a propriety research database, the Fund employs a bottom up approach, selecting stocks from sectors valued at cyclical low points. A unique replacement cost valuation model ensures disciplined and objective implementation (of the investment approach).

Portfolio Profile31/10/2016

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
DecreaseVale SA ADR Basic Materials2.05
DecreaseGazprom PJSC ADR Energy2.00
DecreaseSK Hynix Inc Technology1.83
DecreasePJSC Lukoil ADR Energy1.78
DecreaseFederal Grid Company of Unified Energy System PJSC Utilities1.71
Asset Allocation %
LongShortNet
Stocks96.730.0096.73
Bonds0.000.000.00
Cash14.6311.932.70
Other0.580.000.58
Top Stock Regions
Region%
Asia - Emerging37.08
Asia - Developed30.29
Europe - Emerging20.13
Latin America4.98
Africa3.43
Top Stock Sectors
Stock Sector%
Basic Materials20.38
Technology18.78
Financial Services15.70
Industrials13.93
Energy13.28
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
© Copyright 2016 Morningstar. All rights reserved.