Value Partners Asia Dividend Fund  (AVADX)

Fund Overview

Fund Overview

Share Class

N

  • N

Morningstar | Style Box

V B G L M S

NAV | as of 02/15/2019

$10.54
-$0.09 (-0.85%)

Overall Morningstar Rating



Rated against 80 Pacific/Asia ex-Japan Stk funds as of 12/31/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 12/31/2018

Fund Inception 12/16/2015

YTD 1YR 3YR 5YR 10YR INCEP.
AVADX -12.71 -12.71 8.24 - - 8.34
MSCI AC Asia ex Japan Index -14.37 -14.37 8.56 4.02 10.09 8.85
View Monthly & Quarterly Performance Details

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Performance Data shown does not reflect the 2.00% redemption fee imposed on the shares held 90 days or less; otherwise, total returns would be reduced.

Expense Ratios

  • Gross Expense Ratio: 2.26%
  • Net Expense Ratio: 1.18%
  • Expense Cap Expiration Date: 03/01/2019

Read Important Investment Disclosures

Objective

The Fund seeks to provide capital appreciation and current income.

Why Consider

  • The Fund may be appropriate for investors looking to gain exposure to non-U.S. companies of all sizes primarily located in Asia
  • Benchmark agnostic approach to generate less market correlated performance
  • Managed by one of Asia’s largest asset management firms, dedicated to value investing with a focus on Asia and the Greater China region

Fund Managers

Norman Ho, CFA

Portfolio Manager

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Philip Li, CFA

Portfolio Manager

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Performance

Performance

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Returns & Distributions

As of 12/31/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2018 $0.771800 $0.003900 $0.291400 $0.476500
      Sep 26, 2018 $0.124000 $0.124000
      Jun 27, 2018 $0.103900 $0.103900
      Dec 27, 2017 $0.926300 $0.175200 $0.503900 $0.247200
      Sep 26, 2017 $0.119600 $0.119600
      Jun 27, 2017 $0.105300 $0.105300
      Dec 27, 2016 $0.480000 $0.183000 $0.297000
      Sep 23, 2016 $0.097500 $0.097500
      Jun 17, 2016 $0.104800 $0.104800

Growth of $10,000 (Hypothetical)

Since Inception 12/16/2015 to 01/31/2019 = $13,516.90

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Top Holdings (Equity)

As of: 12/31/2018

China Construction Bank Corp, Class H 5.50%
Longfor Group Holdings Ltd 4.25%
Ping An Insurance Group Co of China Ltd, Class H 3.80%
Far East Horizon Ltd 3.24%
China Resources Power Holdings Co Ltd 3.02%
Qingdao Port International Co Ltd 144A, Class H 2.87%
Fila Korea Ltd 2.56%
Far East Consortium International Ltd 2.52%
BGF retail Co Ltd 2.38%
CK Asset Holdings Ltd 2.23%
% in Top 10 Holdings 32.37%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 01/31/2019

View All Characteristics & Stats

Regional Allocation

As of: 12/31/2018

Investment Approach

Investment Approach

Value Partners Asia Dividend Fund

The Fund utilizes a research-driven approach that encompasses both quantitative screens as well as qualitative bottom-up company analysis. The Fund will hold between 100 and 130 high income securities of any market capitalization, agnostic of benchmark geographic or sector weightings. In addition, the Fund can own up to 30% fixed income securities and is able to use cash tactically for defensive purposes.

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About

About Value Partners

Background

Value Partners offers diversified asset management portfolios for both institutional and individual clients in the Asia Pacific region, Europe and the United States. The Firm employs a bottom-up approach to stock selection, one that is based on their value investing discipline and focuses on intensive fundamental research.

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Founded

1993


Headquarters

Hong Kong


AUM

$15.1B

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