---

Description

Asset class
Equity
Investment objective
The Fund’s investment objective is long-term capital appreciation. The Fund invests primarily in common stocks of companies with significant exposure to countries with developing economies and/or markets. Many of these countries may be referred to as emerging countries or emerging markets. The Fund may also invest in debt securities of issuers, including issuers of lower rated bonds (rated Ba1 or below and BB+ or below by NRSROs designated by the Investment Adviser or unrated but determined by the Investment Adviser to be of equivalent quality), with exposure to these countries. Qualified developing countries in which the fund may invest currently include, but are not limited to, Argentina, Bahrain, Bangladesh, Barbados, Belarus, Belize, Bolivia, Botswana, Brazil, Bulgaria, Chile, China, Colombia, Costa Rica, Croatia, Czech Republic, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Gabon, Ghana, Greece, Hungary, India, Indonesia, Iraq, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Latvia, Lebanon, Lithuania, Malaysia, Maldives, Mauritius, Mexico, Montenegro, Morocco, Namibia, Oman, Pakistan, Panama, Paraguay, Peru, Philippines, Poland, Qatar, Romania, Russia, Saudi Arabia, Serbia, Slovakia, South Africa, Sri Lanka, Thailand, Trinidad and Tobago, Tunisia, Turkey, Ukraine, United Arab Emirates, Uruguay, Venezuela, Vietnam and Zambia

Countries registered
Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland
Domicile
Luxembourg

As at 30 April 2026 (updated monthly)
Number of holdings	414
Total expense ratioA measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and additional operating expenses, such as custody, fund administration, legal, fund registration, regulatory services and auditor fees, and other related operational expenses. Data is likely to evolve over time and does not constitute a commitment from the management company. Past results are not a guarantee of future results.	1.75 %

---

Fund Facts

Fund launch date	28 October 2016
Share class launch date	28 October 2016
Fund size	$ 854.51m in base currency
Base currency	USD
Dealing frequency	Daily
Dealing cut off time	1:00pm CET on every Valuation Date
Distribution policyAny income generated from a fund is automatically invested back into it and reflected by an increase in the share price.	Accumulating
IndexThe information in relation to the index is provided for context and illustration only. This fund is an actively managed UCITS. It is not managed in reference to a benchmark index.	MSCI EM Index with net dividends reinvested MSCI AC World Index with net dividends reinvested
Management fee (pa.)The charges that are collected by the management company in order to compensate the Investment Advisers for their investment advisory services, as well as, where applicable, Distributors and other intermediaries, for services to investors or similar services in relation to investments made with their assistance. Additionally, entry charges may apply according to provisions described in the Prospectus.	1.600 %

Vehicle	SICAV Part 1 (UCITS V)
ISA eligibility	Yes
ISIN	LU1481180195
CUSIP	L14079625
SEDOL	BD07603
Bloomberg	CGNWFBU LX
Lipper	68385893
WKN	A2AQ39

---

Investment team

Bradford F. Freer London32 years with Capital	Matt Hochstetler San Francisco12 years with Capital	Saurav Jain London18 years with Capital	Dawid Justus London21 years with Capital
Carl Kawaja San Francisco34 years with Capital	Winnie Kwan Hong Kong26 years with Capital	Piyada Phanaphat Hong Kong18 years with Capital	Akira Shiraishi Los Angeles22 years with Capital
Kirstie Spence London30 years with Capital	Tomonori Tani San Francisco21 years with Capital	Lisa Thompson New York31 years with Capital	Christopher Thomsen London28 years with Capital
Research Portfolio Research analysts are allocated part of the fund assets to manage

---

Risk indicator

1 2 3 4 5 6 7
Lower risk	Higher risk

The risk indicator assumes you keep the product for 5 years. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 4 out of 7, which is a medium risk class. This figure rates the likelihood of losing money in the future, based on the Net Asset Value of this Share Class over the last ten years as a medium risk. Be aware of currency risk. If you select a foreign currency share class, you will be exposed to currency risk, receive payments in a different currency to your local currency and your final return will depend on the exchange rate between these two currencies. This risk is not considered in the indicator shown above.