Low Duration Emerging Markets Fixed Income Fund

Investment Objective

The Fund’s investment objective is to seek long term total return.


The Fund seeks to construct an investment portfolio in emerging markets sovereign, quasi-sovereign and private (non-government) issuers with a dollar-weighted average effective duration of three years or less.

Fund Facts

Retail and Institutional Class
No Load Mutual Fund

Retail N-share Inst. I-share
Min Investment $2,000 $100,000
Min IRA Investment $500 $5,000
Gross Expense Ratio* 0.93% 0.68%
Net Expense Ratio* 0.84% 0.59%
Benchmark JPM CEMBI Broad Diversified Maturity 1-3 Year
Fund Inception Date 04/07/2014

* The Advisor has contractually agreed to waive fees and reimburse expenses through July 31, 2023.

Investment Description

The Fund normally invests primarily in debt obligations issued by sovereign, quasi-sovereign and private (non-government) emerging market issuers. Sovereign and quasi-sovereign emerging market issuers include governments of emerging market countries and governmental entities or agencies and issuers that are owned, in whole or in part, or whose obligations are guaranteed, in whole or in part, by a government or governmental entity or agency of an emerging market country. Private emerging market issuers include private emerging market issuers and corporate issuers domiciled or located in an emerging market country or an issuer deriving a substantial portion of its revenues or profits from goods produced or sold, investments made, or services performed in one or more emerging market countries or an issuer that has a substantial portion of its assets in one or more emerging market countries.

Although the Fund may invest in individual securities of any maturity or duration, the Advisor will normally seek to construct an investment portfolio for the Fund with a dollar-weighted average effective duration of three years or less.

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Mutual fund investing involves risk; Principal loss is possible. The Low Duration Emerging Markets Fixed Income Fund may invest in debt securities which typically decrease in value when interest rates rise. The risk is usually greater for longer-term debt securities. Investments in lower rated and non-rated securities present a greater risk of loss to principal and interest than higher rated securities. The Fund may invest in foreign securities which involve volatility and political, economic and currency risks different from, and in certain cases, greater than the risks presented by more traditional investments. These risks are greater for investments in emerging markets. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. ETF investments involve additional risks such as the market price trading at a discount to its net asset value, an active secondary trading market may not develop or be maintained or trading may be halted by the exchange in which they trade, which may impact the fund’s ability to sell its shares.

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory prospectus and summary prospectus (if available) contain this and other important information about the investment company and may be obtained by clicking here. In addition, a free hard-copy is available by calling 1 (877) 354-6311/1 (877) DLINE11. Please read the prospectuses carefully before investing.


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