TBMIX — TOBAM Emerging Markets Fund
Data updated: 2023-08-21
TBMIX — TOBAM Emerging Markets Fund. Latin America Real Estate · $18.12M AUM · 1.10% expense ratio. Holdings, fees, performance and SEC filings.
TBMIX Fund Overview
TBMIX — TOBAM Emerging Markets Fund is a US mutual fund managed by FundVantage Trust, categorised as Latin America Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: FundVantage Trust
- Category: Latin America Real Estate
- Assets under management: $18.12M
- 1-year return: -7.1%
- Ticker: TBMIX
- SEC CIK: 0001388485
- SEC series ID: S000054486
- Share class ID: C000171063
TBMIX Investment Objective and Strategy
TOBAM Emerging Markets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
"The TOBAM Emerging Markets Fund (the ""Fund"") seeks long-term capital appreciation."
Principal investment strategy
"To pursue its goal, the Fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks and other equity securities (or derivative or other strategic instruments with similar economic characteristics) of companies organized or with their principal place of business, or majority of assets or business, in emerging market countries. The Fund considers emerging market countries to be all countries represented in the Morgan Stanley Capital International Emerging Markets Net Total Return Index (""MSCI EM Net TR Index""). The MSCI EM Net TR Index is a free float-adjusted, market capitalization-weighted index designed to measure the equity performance of emerging market countries in Africa, Asia, Europe, Latin America and the Middle East. The Fund may invest in equity securities of companies with any market capitalization as well as preferred stock, exchange-traded funds (ETFs) and the securities of real estate investment trusts (REITs).
The Adviser seeks to achieve its investment objective by investing in a diversified portfolio of various risk metrics by applying a systematic, quantitative investment approach. This investment approach designed to identify securities of emerging market issuers included in the MSCI EM Net TR Index that have the lowest possible correlation to each other for inclusion in the Fund's portfolio. The Adviser uses its patented Anti-Benchmark Maximum Diversification model to construct a portfolio consisting of securities of emerging market issuers that it believes offers the most diversification potential and avoids the concentration risk that exists in traditional market capitalization-weighted indices. The Fund's portfolio managers focus on stock selection as opposed to making proactive decisions as to country, industry or sector exposure.
As a result of the Adviser's stock selection and portfolio construction methodologies, the Fund may hold both growth-oriented and value-oriented securities. Under normal market conditions, the Fund typically holds 100-300 securities. Securities are bought or sold in relation to their relative diversification benefits within the Fund's portfolio. A security will be removed from the portfolio when the portfolio managers believe it no longer provides a benefit in terms of diversification relative to the other securities in the Fund's portfolio. Conversely, a new security will be added to the Fund's portfolio when the portfolio managers believe it presents a meaningful diversification benefit. The Fund may use derivative instruments including contracts for difference, forward contracts (including forward foreign currency exchange contracts) and swap agreements (including total return swaps) as a substitute for investing directly in an underlying asset, to increase returns, to manage foreign currency risk as part of a hedging strategy if any or for other purposes related to the management of the Fund.
During periods of significant redemptions or subscriptions of Fund shares, the Fund may use options, futures and options on futures to obtain investment exposure to the Funds strategy. Subject to the limitations and requirements of the Investment Company Act of 1940, as amended (the ""1940 Act""), and the rules thereunder, there is no limit to the amount of the Fund's assets that may be invested in derivative instruments. To the extent such instruments have similar economic characteristics to equity securities as described in the Fund's policy with respect to the investment of at least 80% of its net assets, these investments will be considered investments included within such policy."
TBMIX Performance
Total returns for TBMIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -7.1% |
| 3 years (annualised) | -4.4% |
TBMIX Risk Information
Risk metrics for TBMIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.5%
TBMIX Costs and Fees
TBMIX costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.19%
- Portfolio turnover: 43%
- Brokerage commissions: 3.31 bps of average net assets (SEC N-CEN)
TBMIX Cashflows
Over the 12 months to 2023-06, TOBAM Emerging Markets Fund had net inflows of $74.99M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $73.62M |
| 2023-05 | $0 |
| 2023-04 | $0 |
| 2023-03 | $0 |
| 2023-02 | $0 |
| 2023-01 | $77.87K |
TBMIX Debt Constituents
No individual debt constituents are reported in TOBAM Emerging Markets Fund's latest SEC N-PORT filing.
TBMIX Prospectus and SEC Filings
Official TOBAM Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-31
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus supplement (497) — filed 2023-02-06
- Portfolio holdings (N-PORT) — filed 2023-08-21
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-24
- Annual census (N-CEN) — filed 2022-12-14
- Annual census (N-CEN) — filed 2021-12-13
Related Funds
Related 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.