Thomas White Emerging Markets Fund
Data updated: 2020-06-18
C000118139 — Thomas White Emerging Markets Fund. Europe Blend / Core Equity · $1.27M AUM · 1.10% expense ratio. Holdings, fees, performance and SEC filings.
C000118139 Fund Overview
Thomas White Emerging Markets Fund is a US mutual fund managed by Lord Asset Management Trust, categorised as Europe Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Lord Asset Management Trust
- Category: Europe Blend / Core Equity
- Assets under management: $1.27M
- SEC CIK: 0000918949
- SEC series ID: S000029285
- Share class ID: C000118139
C000118139 Investment Objective and Strategy
Thomas White Emerging Markets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Lord Asset Management Trust.
Investment objective
"The investment objective of the Thomas White Emerging Markets Fund (the ""Fund"") is long-term capital growth."
Principal investment strategy
"The Fund invests primarily (at least 80% of its net assets plus borrowings for investment purposes, if any) in securities of companies located in or whose businesses are closely associated with the world's emerging markets countries. In determining whether a company is located in or associated with an emerging market country, the Advisor will consider any one of the following four factors when making its determination: (i) country of organization; (ii) primary securities trading market; (iii) location of assets; or (iv) country where the company derives at least half of its revenue or profits. An ""emerging markets"" country includes: (i) any country having an economy or market that is considered by the International Monetary Fund or World Bank to be developing or (ii) is a recent (within 2 years) or current index member in the Morgan Stanley Capital International Emerging Markets Index (the ""MSCI Emerging Markets Index""), the Fund's benchmark.
Shareholders will be given at least 60 days' advance notice of any change to the 80% policy regarding investments in emerging markets countries. The Fund may invest up to 20% of its net assets in securities of companies located in or whose businesses are closely associated with countries that do not meet the above qualifications for an emerging markets country, which may include other less developed countries (sometimes known as ""frontier market"" countries) as well as developed market countries, including the U.S. With respect to the Fund's investments in equity securities (which consist principally of common stocks, preferred stocks and convertible securities), the Fund will principally invest in a diversified portfolio of stocks from large capitalization emerging market companies, but may invest across all market capitalizations.
In addition to purchasing equity securities on exchanges where the companies are located, the Fund may purchase equity securities on exchanges other than where their companies are domiciled (often traded as dual listed securities) or in the form of ""Depositary Receipts,"" which include American Depositary Receipts (""ADRs""), European Depositary Receipts (""EDRs""), Global Depositary Receipts (""GDRs""), Non-Voting Depositary Receipts (""NVDRs"") or similar securities. The Advisor stresses bottom-up stock selection in fully invested portfolios whose regional and industrial sector weights are normally relatively close to the Fund's benchmark, the MSCI Emerging Markets Index. The Advisor adheres to a stock selection approach that emphasizes buying a stock when the Advisor's research suggests the stock is trading below the company's long-term business value, and then selling the stock when it is no longer deemed undervalued.
This valuation oriented approach is expected to produce a Fund portfolio whose average valuation ratios, such as price-to-earnings and price-to-cash flow, are below its asset class average. The Fund may lend portfolio securities to increase the Fund's returns."
C000118139 Holdings
Top 1 holdings of Thomas White Emerging Markets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Northern Institutional Treasur | 2.55% |
C000118139 Portfolio Allocation
Asset-class allocation of Thomas White Emerging Markets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 2.5% |
C000118139 Costs and Fees
C000118139 costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.64%
- Portfolio turnover: 29%
- Brokerage commissions: 8.19 bps of average net assets (SEC N-CEN)
C000118139 Cashflows
Over the 12 months to 2020-04, Thomas White Emerging Markets Fund had net inflows of $28.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-04 | $2.93M |
| 2020-03 | $1.88M |
| 2020-02 | $23.30M |
C000118139 Debt Constituents
No individual debt constituents are reported in Thomas White Emerging Markets Fund's latest SEC N-PORT filing.
C000118139 Prospectus and SEC Filings
Official Thomas White Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Europe Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.