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HIEMX Virtus Emerging Markets Opportunities I

  • Fund
  • HIEMX
  • Price as of: Dec 08, 2016
  • $9.15
  • + $0.04
  • + 0.44%
  • Category
  • Emerging Markets Equities

HIEMX - Profile

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return 1.7%
  • Net Assets $6.7 B
  • Holdings in Top 10 42.3%

52 WEEK LOW AND HIGH

$9.15
$8.20
$10.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

Emerging Markets Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.99%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Virtus Emerging Markets Opportunities Fund
  • Fund Family Name Virtus
  • Inception Date Oct 20, 1997
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Matthew Benkendorf

HIEMX - Performance

Return Ranking - Trailing

Period HIEMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.1% -29.2% 259.4% 78.22% 5
1 Yr 0.5% -38.0% 57.7% 75.00% 4
3 Yr -0.7% * -12.2% 16.7% 11.56% 1
5 Yr 1.7% * -11.8% 12.8% 30.75% 2
10 Yr 4.7% * -3.1% 7.1% 3.29% 1

* Annualized


Return Ranking - Calendar

Period HIEMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.4% -47.4% 3.3% 16.69% 1
2014 3.6% -40.7% 42.6% 3.57% 1
2013 -7.4% -30.3% 32.4% 79.27% 5
2012 18.5% -10.6% 37.9% 29.67% 2
2011 -4.4% -54.5% 1.7% 1.88% 1

Total Return Ranking - Trailing

Period HIEMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.1% -11.8% 259.4% 81.39% 5
1 Yr 0.5% -25.4% 55.8% 65.94% 4
3 Yr -0.7% * -12.7% 16.7% 9.36% 1
5 Yr 1.7% * -12.2% 12.8% 29.20% 2
10 Yr 4.7% * -3.1% 7.1% 3.29% 1

* Annualized


Total Return Ranking - Calendar

Period HIEMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -8.6% -24.6% 3.3% 16.31% 1
2014 4.7% -18.2% 60.9% 3.95% 1
2013 -6.5% -14.9% 60.9% 85.78% 5
2012 20.7% -8.7% 83.1% 44.70% 3
2011 -3.1% -39.8% 2.2% 1.90% 1

NAV & Total Return History

HIEMX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

HIEMX Category Low Category High HIEMX % Rank Quintile
Net Assets 6.7 B 272 64.2 B 1.74% 1
Number of Holdings 54 1 4452 20.00% 5
Net Assets in Top 10 3.13 B 0 10.5 B 1.01% 1
Weighting of Top 10 42.3% 0.0% 188.6% 2.75% 1

Top 10 Holdings

  1. British American Tobacco PLC 5.97%
  2. Housing Development Finance Corp Ltd 4.15%
  3. ITC Ltd 4.04%
  4. SABMiller Ltd 3.72%
  5. HDFC Bank Ltd 4.73%
  6. Fomento Economico Mexicano SAB de CV ADR 3.61%
  7. Tencent Holdings Ltd 4.26%
  8. Ambev SA ADR 3.86%
  9. Alibaba Group Holding Ltd ADR 4.89%
  10. Unilever NV DR 3.05%

Asset Allocation

Weighting Category Low Category High HIEMX % Rank Quintile
Stocks
97.46% 0.00% 102.26% 7.54% 2
Other
1.37% -2.96% 99.34% 14.20% 3
Cash
1.18% -94.93% 100.00% 17.97% 4
Convertible Bonds
0.00% 0.00% 9.01% 0.72% 3
Preferred Stocks
0.00% 0.00% 7.87% 11.59% 4
Bonds
0.00% 0.00% 93.68% 6.38% 4

Stock Sector Breakdown

Weighting Category Low Category High HIEMX % Rank Quintile
Consumer Defense
43.19% 0.00% 43.19% 0.15% 1
Financial Services
19.50% 0.00% 43.33% 16.59% 3
Technology
16.71% 0.00% 37.81% 18.63% 4
Consumer Cyclical
8.92% 0.00% 31.98% 23.00% 4
Communication Services
2.61% 0.00% 20.02% 19.94% 4
Healthcare
2.39% 0.00% 19.20% 18.49% 4
Real Estate
1.63% 0.00% 11.55% 17.61% 4
Industrials
1.49% 0.00% 33.10% 27.37% 5
Energy
1.01% 0.00% 23.51% 25.33% 5
Utilities
0.00% 0.00% 51.13% 24.02% 5
Basic Materials
0.00% 0.00% 16.02% 30.71% 5

Stock Geographic Breakdown

Weighting Category Low Category High HIEMX % Rank Quintile
Non US
95.82% 0.00% 101.92% 10.58% 2
US
1.64% -5.38% 100.02% 8.55% 2

HIEMX - Expenses

Operational Fees

HIEMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.32% 0.08% 935.74% 32.12% 2
Management Fee 0.95% 0.03% 2.00% 5.36% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.00% 0.55% 4.90% 3

Sales Fees

HIEMX Fees (% of AUM) Category Low Category High HIEMX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

HIEMX Fees (% of AUM) Category Low Category High HIEMX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HIEMX Fees (% of AUM) Category Low Category High HIEMX Rank Quintile
Turnover 27.00% 0.00% 947.00% 15.70% 2

HIEMX - Distributions

Dividend Yield Analysis

HIEMX Category Low Category High HIEMX % Rank Quintile
Dividend Yield 0.1% 0.00% 3.56% 65.11% 4

Dividend Distribution Analysis

HIEMX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

HIEMX Category Low Category High HIEMX % Rank Quintile
Net Income Ratio 0.99% -1.67% 5.97% 22.09% 3

Capital Gain Distribution Analysis

HIEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

HIEMX - Managers

Matthew Benkendorf

Lead Manager

Start Date

Mar 08, 2016

Tenure

0.73

Tenure Rank

11.5%

Mr. Matthew Benkendorf, Managing Director, Chief Investment Officer, Portfolio Manager, Senior Research Analyst - Mr. Benkendorf joined Vontobel Asset Management, Inc. in October 1999 in trade support. After being promoted to trader in 2000, Mr. Benkendorf became a research analyst in 2002 and moved into portfolio management in 2006 as deputy portfolio manager of Vontobel’s European Equity Strategy.


Jin Zhang

Manager

Start Date

Jun 01, 2016

Tenure

0.5

Tenure Rank

11.8%

Mr. Jin Zhang, Director, Portfolio Manager, Senior Research Analyst Mr. Zhang joined Vontobel Asset Management, Inc. in November 2005 as a senior research analyst and was promoted to deputy portfolio manager of the firm’s Emerging Markets Equity Strategy in June 2016. In additional to his portfolio management responsibilities Mr. Zhang maintains his research responsibilities focusing on the consumer staples and financial sectors. Prior to joining Vontobel, from 2000 to 2005, he was an equity analyst at Lehman Brothers. He began his financial career in 1995 working in the finance department of General Electric (China) where he graduated from the Financial Management Program in 1998. Mr. Zhang received an M.B.A. in financial management from the MIT Sloan School of Management and a B.A. in economics from Beijing University. Jin Zhang is a CFA® charterholder.


Brian Bandsma

Manager

Start Date

Jun 01, 2016

Tenure

0.5

Tenure Rank

11.8%

Mr. Brian Bandsma, Director, Portfolio Manager, Senior Research Analyst Mr. Bandsma joined Vontobel Asset Management, Inc., in November 2002 as a senior research analyst. Mr. Bandsma focuses on researching companies in the Information Technology, Financial, Telecom Services and Consumer Discretionary sectors. In 2013, in addition to his research responsibilities he was promoted to deputy portfolio manager of the Vontobel Far East Equity Strategy and became the lead portfolio manager of the strategy in 2016 while also becoming deputy portfolio manager on the firm’s Emerging Markets Equity Strategy. In addition to his portfolio management duties, Mr. Bandsma continues to conduct research analysis on individual stocks which may be included in the firm’s other strategies. This is consistent with the investment team structure at Vontobel. Prior to joining Vontobel, Mr. Bandsma began his financial career in 1998 at Sanford C. Bernstein & Co where he was a senior associate and analyst until 2002. He received an M.B.A. in finance and accounting from NYU Stern School of Business and a B.A. in finance from Grand Valley State University.


Tenure Analysis

Category Low

0.0

Category High

25.1

Category Average

5.02

Category Mode

1.9