WCM Focused Emerging Markets Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
13.1%
1 yr return
17.5%
3 Yr Avg Return
-8.0%
5 Yr Avg Return
3.3%
Net Assets
$952 M
Holdings in Top 10
43.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 35.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$100,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WCMEX - Profile
Distributions
- YTD Total Return 13.1%
- 3 Yr Annualized Total Return -8.0%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.79%
- Dividend Yield 0.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWCM Focused Emerging Markets Fund
-
Fund Family NameINVESTMENT MANAGERS SERIES TRUST
-
Inception DateJun 28, 2013
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Hunkel
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of companies in emerging or frontier countries or markets. Emerging and frontier countries or markets are those countries or markets with low- to middle-income economies as classified by the World Bank or included in any of the Morgan Stanley Capital International (MSCI) emerging markets or frontier markets indices. The Fund’s advisor considers a company to be located in a country if the company has been organized under the laws of, has its principal offices in, or has its securities principally traded in, the country, or if the company derives at least 50% of its revenues or net profits from, or has at least 50% of its assets or production capacities in, the country.
The Fund’s advisor expects the Fund to primarily invest in equity securities under normal circumstances. The Fund’s equity investments include common stock, common stock that is offered in initial public offerings (“IPOs”) and depositary receipts. The Fund’s investments in depositary receipts may include American, European, Canadian and Global Depositary Receipts (“ADRs”, “EDRs”, “CDRs” and “GDRs”, respectively).
The Fund’s advisor uses a bottom-up approach that seeks to identify companies with attractive fundamentals, such as long-term historical growth in revenue and earnings, and/or a strong probability for superior future growth. The advisor’s investment process seeks companies that are industry leaders with strengthening competitive advantages; corporate cultures emphasizing strong, quality and experienced management; low or no debt; and attractive relative valuations. The Fund’s advisor also considers other factors including political risk, monetary policy risk, and regulatory risk in selecting securities.
The Fund may invest in securities of any size companies. The Fund generally invests in the securities of companies domiciled in at least three different countries. However, from time to time, the Fund may have a significant portion of its assets invested in the securities of companies domiciled in one or a few countries or regions. The Fund may make significant investments in certain sectors or group of sectors within a particular industry or industries from time to time.
WCMEX - Performance
Return Ranking - Trailing
| Period | WCMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.1% | -12.0% | 32.8% | 16.15% |
| 1 Yr | 17.5% | -7.2% | 35.4% | 19.12% |
| 3 Yr | -8.0%* | -14.3% | 11.2% | 89.12% |
| 5 Yr | 3.3%* | -5.5% | 11.3% | 50.24% |
| 10 Yr | 4.9%* | -2.1% | 6.5% | 16.79% |
* Annualized
Return Ranking - Calendar
| Period | WCMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -6.5% | 35.5% | 91.26% |
| 2022 | -31.0% | -50.1% | -2.4% | 87.92% |
| 2021 | -5.8% | -33.1% | 22.5% | 53.93% |
| 2020 | 35.3% | -22.1% | 80.1% | 6.92% |
| 2019 | 37.0% | -0.7% | 42.0% | 0.67% |
Total Return Ranking - Trailing
| Period | WCMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.1% | -12.0% | 32.8% | 16.15% |
| 1 Yr | 17.5% | -7.2% | 35.4% | 19.12% |
| 3 Yr | -8.0%* | -14.3% | 11.2% | 89.12% |
| 5 Yr | 3.3%* | -5.5% | 11.3% | 50.24% |
| 10 Yr | 4.9%* | -2.1% | 6.5% | 16.79% |
* Annualized
Total Return Ranking - Calendar
| Period | WCMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -2.7% | 42.0% | 94.92% |
| 2022 | -30.7% | -42.2% | 1.9% | 91.70% |
| 2021 | -1.7% | -32.5% | 33.1% | 52.85% |
| 2020 | 36.5% | -20.0% | 81.6% | 7.09% |
| 2019 | 37.6% | 2.3% | 42.0% | 0.67% |
NAV & Total Return History
WCMEX - Holdings
Concentration Analysis
| WCMEX | Category Low | Category High | WCMEX % Rank | |
|---|---|---|---|---|
| Net Assets | 952 M | 682 K | 103 B | 36.90% |
| Number of Holdings | 49 | 9 | 7534 | 91.27% |
| Net Assets in Top 10 | 438 M | 290 K | 23.8 B | 33.66% |
| Weighting of Top 10 | 43.67% | 2.9% | 101.1% | 14.81% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co., Ltd. 12.54%
- Naspers Ltd. - N Shares 5.03%
- NU Holdings Ltd./Cayman Islands - Class A 4.58%
- Celestica, Inc. 4.08%
- SK Hynix, Inc. 3.63%
- ICICI Bank Ltd. 3.32%
- Sea Ltd. - ADR 2.95%
- Jentech Precision Industrial Co., Ltd. 2.61%
- Bharat Electronics Ltd. 2.51%
- MediaTek, Inc. 2.41%
Asset Allocation
| Weighting | Return Low | Return High | WCMEX % Rank | |
|---|---|---|---|---|
| Stocks | 90.92% | 0.00% | 107.82% | 93.52% |
| Cash | 1.66% | -2.03% | 98.08% | 50.85% |
| Other | 0.00% | -1.11% | 26.93% | 24.79% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 90.00% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 77.02% |
| Bonds | 0.00% | 0.00% | 88.10% | 79.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WCMEX % Rank | |
|---|---|---|---|---|
| Technology | 26.51% | 0.00% | 47.50% | 25.53% |
| Financial Services | 19.14% | 0.00% | 48.86% | 66.05% |
| Consumer Cyclical | 12.92% | 0.00% | 48.94% | 38.52% |
| Industrials | 12.50% | 0.00% | 43.53% | 9.84% |
| Consumer Defense | 9.88% | 0.00% | 25.90% | 14.27% |
| Healthcare | 9.03% | 0.00% | 16.53% | 13.55% |
| Communication Services | 7.89% | 0.00% | 39.29% | 61.20% |
| Basic Materials | 2.13% | 0.00% | 30.03% | 92.01% |
| Utilities | 0.00% | 0.00% | 39.12% | 94.15% |
| Real Estate | 0.00% | 0.00% | 17.15% | 96.15% |
| Energy | 0.00% | 0.00% | 24.80% | 97.86% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WCMEX % Rank | |
|---|---|---|---|---|
| Non US | 73.52% | 0.00% | 100.18% | 87.18% |
| US | 17.40% | 0.00% | 100.95% | 22.25% |
WCMEX - Expenses
Operational Fees
| WCMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.27% | 0.03% | 29.98% | 53.11% |
| Management Fee | 1.00% | 0.00% | 2.00% | 83.22% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | 65.38% |
Sales Fees
| WCMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| WCMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 91.51% |
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.
| WCMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 35.00% | 0.00% | 189.00% | 34.66% |
WCMEX - Distributions
Dividend Yield Analysis
| WCMEX | Category Low | Category High | WCMEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.41% | 0.00% | 9.74% | 85.49% |
Dividend Distribution Analysis
| WCMEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
| WCMEX | Category Low | Category High | WCMEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.79% | -1.98% | 17.62% | 94.01% |
Capital Gain Distribution Analysis
| WCMEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 06, 2023 | $0.062 | OrdinaryDividend |
| Dec 07, 2022 | $0.060 | OrdinaryDividend |
| Dec 08, 2021 | $0.816 | OrdinaryDividend |
| Dec 09, 2020 | $0.173 | OrdinaryDividend |
| Dec 05, 2019 | $0.035 | OrdinaryDividend |
| Dec 05, 2019 | $0.020 | CapitalGainLongTerm |
| Dec 06, 2018 | $0.081 | OrdinaryDividend |
| Dec 08, 2017 | $0.094 | OrdinaryDividend |
| Dec 09, 2016 | $0.067 | OrdinaryDividend |
| Dec 10, 2015 | $0.037 | OrdinaryDividend |
| Dec 10, 2014 | $0.000 | CapitalGainShortTerm |
WCMEX - Fund Manager Analysis
Managers
Peter Hunkel
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
Pete has been working with WCM since 2001; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since he began his investment career in 1998, Pete’s experience includes positions as Portfolio Analyst, Templeton Private Client Group, and as Managing Director at Centurion Alliance. He earned his B.A. (with honors) in Communications from San Jose State University (California), and his J.D. at the Monterey College of Law (California).
Michael Trigg
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
Mike joined WCM in 2006; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since he began his investment career in 2000, Mike’s experience includes positions as Equity Analyst at Morningstar, Inc. (Chicago) where he produced the Model Growth Portfolio (a live portfolio and newsletter), and as Analyst at the Motley Fool, the online investment service. He earned his B.S. (with honors) in Finance from Saint Louis University (Missouri).
Sanjay Ayer
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
Sanjay joined WCM in 2007; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since he began his investment career in 2002, Sanjay’s experience includes positions as Equity Analyst at Morningstar, Inc. (Chicago), and at J. & W. Seligman & Co. (New York). Sanjay graduated Phi Beta Kappa from Johns Hopkins University (Maryland) with a B.A. in Economics, and a B.S. in Applied Mathematics. He is also a CFA® charterholder.
Gregory Ise
Start Date
Tenure
Tenure Rank
Jun 30, 2018
3.92
3.9%
Greg joined WCM in 2014; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since the start of his investment career in 2001, Greg’s experience includes positions as Senior International Research Analyst at Rainier Investment Management (Seattle), as Vice President / Analyst at Allianz Global Investors (San Diego), as Research Analyst at San Francisco-based hedge fund Osmium Partners, and as Investment Banking Analyst at UBS in New York. Greg earned a B.S. (with honors) in Business Administration from the University of Kansas, and an M.B.A. from the University of California, Berkeley. He is also a CFA® charterholder.
Michael Tian
Start Date
Tenure
Tenure Rank
Jun 30, 2018
3.92
3.9%
Mike joined WCM in 2012; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since the start of his investment career in 2006, Mike’s experience includes a position as Senior Equity Analyst / Equity Strategist at Morningstar, Inc. (Chicago), where he produced the Morningstar Opportunistic Investor (a live portfolio and newsletter), and was instrumental in the development of Morningstar’s economic moat trend methodology. He earned his B.S. in Finance from the University of Illinois at Urbana-Champaign. Mike is also a CFA® charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.65 | 13.42 |