An Innovative Blend
Opposing yet complementary
investment approaches
to help you achieve your financial goals
Opposing yet complementary
investment approaches
to help you achieve your financial goals
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ActivePassive Emerging Markets Equity Fund Ticker Share Class A: APERX
Investment Objective & Strategy The ActivePassive Emerging Markets Equity Fund seeks long term capital appreciation. It invests at least 80% of its net assets directly in equity securities of companies located in countries designated by the World Bank or the United Nations to be a developing country or an emerging market, such as most countries in Africa, Asia, Latin America and the Middle East and through other investment companies, such as mutual funds or exchange traded funds (ETFs), which invest primarily in those types of equity securities. Current Optimal Ratio*  *The Advisor allocates between 50% and 95% of the Fund's net assets to the subadvisor for active management and between 5% and 50% of the Fund's net assets for passive management. Within these guidelines, the portfolio managers establish the fund's Current Optimal Ratio (COR). The COR is based on the advisor's proprietary and ongoing analysis for each investment category and may change over time. Featured Investments Active Component Hansberger Global Investors, Inc. (HGI) is an international investment management firm focused on international and global equity mandates. Established in 1994, HGI has more than $12 billion in assets under advisement. This emphasis on mature international experience puts some of the brightest minds in the global arena to work. The team is comprised of 72 employees, including 23 investment professionals, representing 18 nationalities. Integrated global communications, trading and research systems allow HGI to operate fluidly, virtually 24-hours-a-day, investing in over 40 markets worldwide. View Investment Strategy Summary Passive Component Vanguard Emerging Markets ETF (VWO) is an exchange-traded share class of Vanguard® Emerging Markets Stock Index Fund, which employs a "passive management"—or indexing—investment approach by investing substantially all (normally about 95%), of its assets in the common stocks included in the MSCI® Emerging Markets Index. The MSCI Emerging Markets Index is made up of common stocks of companies located in emerging markets around the world.
Disclosures Mutual fund investing involves risk. Principal loss is possible. The fund is non-diversified, meaning that it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore the fund is more exposed to individual stock volatility than a diversified fund. Investments in smaller companies involve additional risks such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks and difference in accounting methods. These risks can be significantly greater for investments in emerging markets. The fund will bear its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than would be the case if making direct investments in the underlying ETFs. Because the fund invests in ETFs, it is subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares. References to other funds should not be interpreted as an offer of these securities. The fund charges a maximum 5.75% sales load. The sales load is waived for investors purchasing shares through the Advisor's wrap program. Speak with your Investment Advisor for more details.
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