PEMX

PEMX actively seeks long-term capital appreciation by investing in high-conviction ideas for stocks in emerging markets. The fund's geographic exposure excludes China, as well as its special administrative region, Hong Kong. The fund combines qualitative and quantitative analysis to identify high-quality companies with opportunities in perceived earnings growth mispricing and potential growth. Aspects such as financials, economic development, and market structure, along with various individual fundamental factors, such as a company's valuation, industry position, projected future earnings, cash flows, dividends, and balance sheets are taken into consideration. Non-emerging markets countries may be considered based on the fund manager's evaluation of their economic development and market structure. The fund may have significant investments in the information technology and financial sectors and is considered non-diversified, which means it may invest a greater percentage of its assets in fewer issuers.