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EP Emerging Markets Small Companies Fund


 

 

 

Investment Objective

Capital Appreciation

Benchmark: MSCI Emerging Markets Small Cap Index

Inception Date: 12/1/2010

Ticker Symbol: EPASX, EPEIX

CUSIP: 461418550

Minimum Investment: $2,500

Portfolio Manager: Russell E. Hoss, CFA; Richard Hoss

 

Long term Capital Appreciation

Strategy: The EP Emerging Markets Small Companies Fund is driven by bottom-up fundamental analysis that aims to identify growing companies trading with attractive valuations relative to anticipated growth in revenue and earnings.

Reasons to Invest:

Geographic Diversification: The Fund is able to invest in smaller economies such as Indonesia, Thailand and the Philippines which have strong economic fundamentals. Generally the region is associated with a reliance on exports, but many Emerging Market countries have strong domestic trends and infrastructure programs that may provide a buffer to slowing exports.

Small Company Focus: Given our small company focus, we seek companies with dominant positions within a specific industry that still meet our market cap mandate; yet are under owned by larger institutional investors whose focus is on larger capitalization companies. Many of these companies have strong growth profiles but are still reasonably valued.

Bottom-up Analysis: Although our investment process is based from the bottom-up, the Fund typically has been overweight in the following sectors: consumer discretionary, consumer staples, industrial and healthcare stocks, given that is where we believe we have found the best value.

 

    PERFORMANCE THROUGH MARCH 31, 2017
1 Mo. 3 Mo. 6 Mo. YTD 1 Yr 2 Yr (Ann) 3 Yr (Ann) 5 Yr (Ann) Annuallzed Since Inception
with impact of maximum sales charge -0.24% 7.67% 1.47% 7.67% 12.31% -2.03% -2.27% 5.42% 3.62% 25.22%
without impact of maimum sales charge 4.44% 12.73% 6.25% 12.73% 17.64% 0.26% -0.76% 6.39% 4.37% 31.10%
EP Emerging Markets Small Companies Fund (I Share)(EPEIX)** 4.49% 12.69% 6.27% 12.69% 17.88% 0.50% -0.52% 6.66% 4.64% 33.21%
MSCI Emerging Markets Small Cap Index *** 2.63% 13.02% 5.98% 13.02% 14.49% 1.96% 1.66% 2.87% 0.32% 2.04%

 

* Inception Date: Nov 30, 2010.
** Inception Date: July 16, 2013.
*** Reflects no deduction for fees, expenses or taxes. Clients cannot invest directly in the MSCI Emerging Markets Small Cap Index.

 

 


 

 

 

The Fund’s gross and net expense ratio for the A share is 2.25% and 1.75%, respectively. The Fund’s gross and net expense ratio for the I share is 2.00% and 1.50%, respectively. The performance data quoted here represents past performance. Past performance does not guarantee future results. The investment return and principal will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. Investors may obtain performance information current to the most recent monthend, within 7 business days, by calling +1 (888) 949-9940. A redemption fee of 2.00% may be imposed on redemptions of shares you have owned for 30 days or less. Please see the prospectus for more information.The performance data reflects payment of the 4.50% maximum sales charge at the beginning of the stated periods.

The Fund’s advisor has contractually agreed to waive its fees and/or absorb expenses of the Fund to ensure that total annual fund operating expenses do not exceed 1.75% and 1.50% of the average daily net assets of the Fund for the A share and I share, respectively. This agreement is effective until March 1, 2018, and may be terminated by the Trust’s Board of Trustees (the “Board”). The Fund’s advisor is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid. The advisor is permitted to seek reimbursement from the Fund for a period of three fiscal years following the fiscal year in which fees were waived or reimbursed.

 

Carefully consider the risks and special considerations associated with investing in the fund. You may lose money by investing in the fund. Foreign investments also present risks due to currency fluctuations, economic and political factors, lower liquidity, government regulations, differences in securities regulations and accounting standards, possible changes in taxation, limited public information and other factors. The risks are magnified in countries with emerging markets, since these countries may have relatively unstable governments and less established markets and economies. More information about these risks and others can be found in the fund’s prospectus.

 

 Fund Facts

 Summary Prospectus

 Statutory Prospectus

 Statement of Additional Information

 Annual Report

 Semi-Annual Report

 Euro Pacific Funds Report in XBRL format

 


 




    © 2015 Euro Pacific Asset Management, LLC

Risks of Investment: Please read about the Risks of investing in the Fund.

You should carefully consider the Fund’s investment objectives, risk, charges, and expenses before investing.
To obtain a prospectus that contains this and other information about the Fund, please click here or call +1 (888) 558-5851. Please read the prospectus carefully before investing.

Euro Pacific Funds are distributed by IMST Distributors, LLC.