Fortress Emerging Markets Fund
Objective and Fund Details
Who should invest in this fund?
Investors with US$100,000+ seeking long term returns through exposure to Emerging Market equities.
This Fund is offered by prospectus only. It may not be sold to US persons.
What does this fund invest in?
The Emerging Markets Fund aims to achieve long term returns while minimizing risk exposure and significant price volatility by investing in approximately 30, non-US, International, value-type equities. There is no short selling nor any use of leverage. This fund holds 30 emerging market companies. Geographic distribution is Asia centric.
The Fund aims to provide long term growth with limited risk through emerging market equity exposure. Its valued-based investment style results in a portfolio of high quality, reasonably priced shares of public companies in emerging market territories, mainly Asia. In general, the Fund’s portfolio is focused on investments with some combination of the following characteristics, depending on market conditions:
- Attractive levels of profitability, earnings growth and/or quality;
- Attractive price relative to other companies with similar operations;
- Balance sheet and leverage appropriate to the company’s operations.
What happens when you invest in this fund?
The Fund has bi-monthly dealing. At the middle and end of the month, a valuation of the market value of the Fund’s investments, and a net asset value (NAV) per share is calculated and published on our website. Investors may purchase shares of the Fund (invest) at any time for that week’s NAV. Similarly, if you are selling shares (redeeming), you would do so at that period’s NAV and you would receive payment the following week.
The Fund provides quarterly and annual reports to investors, detailing fund performance and positioning of the investment portfolio. Statements reflecting the number of shares you hold, the net asset value per share and current market value, are made available to shareholders quarterly.
How much does it cost to invest in this fund?
Initial investment: USD $100,000
For subsequent investments: USD $10,000
Fees and expenses paid by the Fund (Quoted returns are net of these fees.):
Manager: 1.00% per annum of net assets
Administrator: 0.10% per annum of net assets
Investor Redemption Charge:
Within 6 months of purchase: 2%
All other times: 0.5%