Benchmark: MSCI AC World Ex US Value Net Index
Ticker Symbol: EPIVX (A Share), EPVIX (I Share)
Inception Date: 4/7/2010
Minimum Investment: $2,500
Portfolio Manager: James R. Nelson, CFA
Income and Capital Appreciation
Strategy: The EuroPac International Value Fund employs a top-down and bottom-up investment process in order to target countries and sectors with solid fundamentals, and undervalued firms with the potential to perform in varied market conditions.
Reasons to Invest
Targeted Geographic Exposure: Because the fund focuses on countries with favorable fundamentals, it may be underweight in Japan, the UK and the Euro block countries; however, the fund does not focus exclusively on emerging markets. This allows investors targeted developed and emerging market exposure where equity markets may outperform based on growth prospects and potential for currency appreciation.
Themes: The fund focuses on sectors in each country, where companies may have a long-term comparative advantage versus their peers world-wide.
Quality Security Selection: The fund strives not only to select companies that are trading below their intrinsic value, but that are also quality companies with solid management teams and balance sheets. The investment process is value oriented, with low portfolio turnover.
|PERFORMANCE||THROUGH DECEMBER 31, 2016||Since Inception*|
|1 Mo.||3 Mo.||6 Mo.||YTD||1 Yr||2 Yr (Ann)||3 Yr (Ann)||5 Yr (Ann)||Cumulative Annualized||Cumulative|
|EuroPac International Value Fund (A Share)(EPIVX)*|
|with impact of maximum sales charge||-2.98%||-13.49%||-14.13%||12.67%||12.67%||-8.89%||-9.49%||-3.72%||-3.40%||-20.78%|
|without impact of maximum sales charge||1.56%||-9.43%||-10.13%||17.99%||17.99%||-6.75%||-8.08%||-2.82%||-2.74%||-17.06%|
|EuroPac International Value Fund (I Share)(EPVIX)**||1.60%||-9.26%||-10.08%||18.34%||18.34%||-6.52%||-7.87%||-2.59%||-2.50%||-15.69%|
|MSCI AC World Ex US Value Net Index***||3.60%||3.29%||11.34%||8.92%||8.92%||-1.02%||-2.40%||4.58%||1.96%||13.94%|
*Inception Date: April 7, 2010
**Inception Date: July 16, 2013
***Reflects no deduction for fees, expenses or taxes. Clients cannot invest directly in the MSCI AC World Ex US Value Net Index.
The gross and net expense ratios of the EuroPac International Value Fund A Share Class are 1.90% and 1.75%, respectively. The gross and net expense ratios of the EuroPac International Value Fund Institutional Share Class are 1.64% 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 month-end, within 7 business days, by calling +1 (888) 558-5851. 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 (excluding acquired fund fees and 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 in effect until March 1, 2017, and it may be terminated before that date only by the Trust’s Board of Trustees. The Fund’s advisor is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid for three years from the date of any such waiver or payment.
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.
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.