Address And Details

One Franklin Pkwy , San Mateo, CA 94403
Fund Manager Michael Lai
Manager Tenure 2 Years 1 Months

Strategy And Objective

Long-term capital appreciation.Under normal market conditions, the Fund invests at least 80% of its net assets in securities of "China companies." The Fund invests primarily in the equity securities of China companies, which are those:that are organized under the laws of, or with a principal office in, the People's Republic of China (China), Hong Kong or Taiwan; or for which the principal trading market is in China, Hong Kong or Taiwan; or that derive at least 50% of their revenues from goods or services sold or produced, or have at least 50% of their assets, in China.The equity securities in which the Fund invests are primarily common stock. The Fund also invests in American, Global and European Depositary Receipts. China companies may be any size across the entire market capitalization spectrum, including midsize companies and smaller, newly organized and relatively unseasoned issuers. In addition to the Fund's main investments, the Fund may invest up to 20% of its net assets in securities that do not qualify as China company securities, but whose issuers, in the judgment of the investment manager, are expected to benefit from developments in the economy of China, Hong Kong or Taiwan. The Fund is a "non-diversified" fund, which means it generally invests a greater proportion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund.When choosing equity investments for the Fund, the investment manager applies a fundamental research, value-oriented, long-term approach,focusing on the market price of a companys securities relative to the investment managers evaluation of the companys long-term earnings, asset value and cash flow potential. The investment manager also considers a companys profit and loss outlook, balance sheet strength, cash flow trends and asset value in relation to the current price of the company's securities.

Net Asset Value

as of 5:45 PM ET 09/17/2021

Performance

  • 1 Week
  • -3.39%
  • 1 Month
  • +1.58%
  • 3 Months
  • -15.52%
  • 1 Yr Return
  • -24.84%
  • 5 Yr Return
  • -29.36%

Equity Sector Breakdown

RetailTrade 26.11%
Technology 14.52%
Health 11.84%
Finance 9.45%
NonDurables 7.01%
Services 3.09%
IndustrialCyclical 2.79%
ConsumerDurables 2.70%
Energy n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 99.43%
ForeignStocks 92.13%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 151.65 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.30 0.60 -6.04
Beta 0.56 0.58 0.77
R Squared 0.25 0.24 0.33
Std Deviation 20.99 17.82 18.07
Sharpe Ratio 0.36 0.61 n/a

Purchase Information

as of 5:57 PM ET 09/16/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • -5.79%
  • +31.64%
-5.79% +31.64%
3 Year
  • +6.43%
  • +13.42%
+6.43% +13.42%
10 Year
  • +4.83%
  • +6.03%
+4.83% +6.03%
Life Of Fund
  • +9.94%
  • +11.23%
+9.94% +11.23%

Top 10 Holdings

Symbol Company Name % Of Assets
BABA.N ALIBABA GROUP HOLDING LTD 9.66%
3690:HK MEITUAN DIANPING 4.33%
2269.HK WUXI BIOLOGICS CAYMAN INC 4.17%
600036.S CHINA MERCHANTS BANK COMPANY 3.95%
000568.S LUZHOU LAOJIAO CO LTD 3.65%
2020:HK ANTA SPORTS PRODUCTS LTD 3.36%
JD JD COM INC 2.93%
601318.S PING AN INSURANCE GROUP 2.54%
3319 A-LIVING SERVICES CO LTD 2.32%
NTES NETEASE.COM - ADR 2.29%

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