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Emerging Markets Equity Fund - Institutional (JMIEX)

Emerging Markets Equity Fund - Institutional (JMIEX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

The Fund seeks to provide high total return from a portfolio of equity securities from emerging market issuers.

Strategy/Investment process

  • Invests in companies from various emerging markets around the globe.
  • Minimizes emerging market risks through stock selection, country allocation and currency management.
  • Employs an emerging market analyst network to seek the most promising investment opportunities.
  • Forecasts company earnings to help determine a stock's long-term potential.
Performance basics
  Annualized returns (as of 3/31/2014)
  1 Year 3 Year 5 Year 10 Year
at NAV -1.92% -1.21% 14.15% 10.62%
MSCI Emerging Markets Index (net of foreign withholding taxes) -1.43% -2.86% 14.48% 10.11%
Lipper Emerging Markets Funds Index -1.16% -1.50% 15.69% 9.66%

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Annual operating expenses (%)
Expense cap expiration date 02/28/2015
Expense cap 1.30%
Total annual operating expenses 1.40%
Fee waivers and/or expense reimbursements 0.09%
Net expenses 1.31%

Net Expenses,Fee waivers and/or expense reimbursements
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Ratings (as of 3/31/2014)
Morningstar overall rating: (424 funds)
Morningstar category: Diversified Emerging Mkts

Overall rating Institutional Shares; Diversified Emerging Mkts Category; 424 funds. Three year rating 4 stars; 424 funds. Five year rating 3 stars; 317 funds. Ten year rating 4 stars; 156 funds.

2014, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $3M Regular No Minimum.
IRA $3M IRA No Minimum.
Daily stats (as of 4/22/2014)
NAV YTD
$23.59 3.92%
$0.02 | -0.08%  
 
NAV as of:
  • Thu
    Mar 13
    2014
    $21.63
     
  • Fri
    Mar 14
    2014
    $21.83
     
  • Mon
    Mar 17
    2014
    $22.11
     
  • Tue
    Mar 18
    2014
    $22.27
     
  • Wed
    Mar 19
    2014
    $22.05
     
  • Thu
    Mar 20
    2014
    $22.01
     
  • Fri
    Mar 21
    2014
    $21.93
     
  • Mon
    Mar 24
    2014
    $22.10
     
  • Tue
    Mar 25
    2014
    $22.39
     
  • Wed
    Mar 26
    2014
    $22.45
     
  • Thu
    Mar 27
    2014
    $22.65
     
  • Fri
    Mar 28
    2014
    $22.96
     
  • Mon
    Mar 31
    2014
    $23.21
     
  • Tue
    Apr 01
    2014
    $23.47
     
  • Wed
    Apr 02
    2014
    $23.45
     
  • Thu
    Apr 03
    2014
    $23.34
     
  • Fri
    Apr 04
    2014
    $23.29
     
  • Mon
    Apr 07
    2014
    $23.37
     
  • Tue
    Apr 08
    2014
    $23.55
     
  • Wed
    Apr 09
    2014
    $23.75
     
  • Thu
    Apr 10
    2014
    $23.41
     
  • Fri
    Apr 11
    2014
    $23.38
     
  • Mon
    Apr 14
    2014
    $23.56
     
  • Tue
    Apr 15
    2014
    $23.31
     
  • Wed
    Apr 16
    2014
    $23.36
     
  • Thu
    Apr 17
    2014
    $23.59
     
  • Mon
    Apr 21
    2014
    $23.61
     
  • Tue
    Apr 22
    2014
    $23.59
     
 
52 Week High $24.79
(5/08/2013)
52 Week Low $20.47
(2/03/2014)
Net Asset Class $976,145,831.08
Net Asset Fund $2,692,192,636.41
Basics
Ticker JMIEX
CUSIP 4812A0631
Share Class Inception Date 11/15/1993
Fund Number 1389
Asset Class International Equity
Cut-off time1 4:00 P.M.

International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. The Fund's investments in emerging markets could lead to more volatility in the value of the Fund's shares. As mentioned above, the normal risks of investing in foreign countries are heightened when investing in emerging markets. In addition, the small size of securities markets and the low trading volume may lead to a lack of liquidity, which leads to increased volatility. Also, emerging markets may not provide adequate legal protection for private or foreign investment or private property.

1Please refer to the prospectus for additional information about cut-off times.

The MSCI Emerging Markets Index (net of foreign withholding taxes) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of emerging markets. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. Total return figures assume the reinvestment of dividends. The dividend is reinvested after deduction of withholding tax, applying the maximum rate to nonresident individual investors who do not benefit from double taxation treaties. An individual cannot invest directly in an index.

The performance of the Lipper Emerging Markets Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund. An individual cannot invest directly in an index.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.

©2014, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.