Value Partners Asia Dividend Fund  (AVADX)

Fund Overview

Fund Overview

Share Class


  • N

Morningstar | Style Box


NAV | as of 09/18/2017

+$0.10 (+0.80%)

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2017

Fund Inception 12/16/2015

AVADX 20.40 23.80 - - - 16.94
MSCI AC Asia ex Japan Index 22.81 26.73 5.02 7.97 4.19 19.20

Expense Ratios

  • Gross Expense Ratio: 2.71%
  • Net Expense Ratio: 1.41%
  • Expense Cap Expiration Date: 02/28/2018

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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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Returns & Distributions

as of 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      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

Regional Allocation

Quarter Ending: 06/30/2017

Top Holdings (Equity)

Quarter Ending: 06/30/2017

Samsung Electronics Co Ltd Preferred 5.37%
China Construction Bank Corp 4.67%
Longfor Properties Co Ltd 4.25%
PetroChina Co Ltd 2.71%
iShares MSCI India ETF 2.31%
China State Construction International Holdings Ltd 2.03%
China Resources Power Holdings Co Ltd 2.00%
Ping An Insurance Group Co of China Ltd 1.95%
Skyworth Digital Holdings Ltd 1.93%
Yangtze Optical Fibre and Cable Joint Stock Ltd Co 144A 1.84%
% in Top 10 Holdings 29.06%
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Characteristics & Stats

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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.

Time to Rebalance International Equities?

Diversified investors may be frustrated by the underperformance of their international equity returns relative to their domestic equity returns over the last seven years.
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AMG Funds: A Consultative Partner to Investment Advisors

Jeffrey Cerutti, CEO, describes the breadth of AMG Funds’ product offerings. He discusses how the diverse manager array enables the firm to be diagnostic and consultative in representing strategies to advisors.
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About Value Partners


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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Hong Kong



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River Road Dividend All Cap Value Fund

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Fund Detail Read Important Investment Disclosures


DoubleLine Core Plus Bond Fund

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Fund Detail Read Important Investment Disclosures

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