Low Duration Emerging Markets Fund
Investment Objective
The Fund’s investment objective is to seek long term total return.
Philosophy
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 | |
| Ticker | DELNX | DBLLX |
| Min Investment | $2,000 | $100,000 |
| Min IRA Investment | $500 | $5,000 |
| Gross Expense Ratio* | 1.00% | 0.75% |
| 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, 2018.
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.
