Fund Performance

All performance data shows average annualized returns, except for periods of one year or less, which are actual returns.

MONTHLY PERFORMANCE THROUGH 02/29/2024
Fund
Inception Date
Calendar YTD 1 Year 3 Years 5 Years 10 Years Inception Expense Ratio
Alternative Energy Fund
03/31/2006
-4.37% -11.63% -4.85% 12.92% 2.26% -3.78% 1.10% (net)
1.70%(gross)*
Asia Focus Fund
04/29/1996
-1.62% 1.16% -13.06% 0.13% 2.97% 2.64% 1.98% (net)
2.36%(gross)*
China & Hong Kong Fund
06/30/1994
-4.66% -20.28% -19.31% -5.26% 0.17% 4.83% 1.71%
Global Energy Fund
06/30/2004
0.64% 5.34% 18.93% 5.21% -1.60% 5.58% 1.46% (net)
1.91% (gross)*
Global Innovators, Investor Class
12/15/1998
10.30% 42.85% 8.65% 16.40% 12.31% 9.21% 1.24% (net)
1.27% (gross)*
Global Innovators, Institutional Class
12/31/2015
10.33% 43.20% 8.92% 16.69% 12.54% 9.29% 0.99% (net)
1.10% (gross)
Renminbi Yuan & Bond Fund
06/30/2011
-0.09% -1.05% -2.52% 0.18% 0.48% 1.02% 0.90% (net)
2.70% (gross)*
QUARTERLY PERFORMANCE THROUGH 12/31/2023
Fund
Inception Date
Calendar YTD 1 Year 3 Years 5 Years 10 Years Inception Expense Ratio
Alternative Energy Fund
03/31/2006
-2.39% -2.39% -2.60% 17.54% 3.71% -3.57% 1.10% (net)
1.70%(gross)*
Asia Focus Fund
04/29/1996
5.95% 5.95% -10.61% 3.05% 2.96% 2.72% 1.98% (net)
2.36% (gross)*
China & Hong Kong Fund
06/30/1994
-14.51% -14.51% -15.24% -1.94% 0.04% 5.03% 1.71%
Global Energy Fund
06/30/2004
2.60% 2.60% 26.24% 7.88% -1.34% 5.59% 1.46% (net)
1.91% (gross)*
Global Innovators, Investor Class
12/15/1998
39.34% 39.34% 5.99% 17.31% 11.52% 8.84% 1.24% (net)
1.27% (gross)*
Global Innovators, Institutional Class
12/31/2015
39.70% 39.70% 6.26% 17.60% 11.75% 8.93% 0.99% (net)
1.10% (gross)*
Renminbi Yuan & Bond Fund
06/30/2011
-0.09% -0.09% -2.24% 1.08% 0.39% 1.05% 0.90% (net)
2.70% (gross)*

Performance data shown for Global Innovators, Institutional Class (GINNX), prior to its launch date on 12/31/15, uses performance data from the Global Innovators, Investor Class (IWIRX).

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. Total returns reflect a fee waiver in effect and in the absence of this waiver, the total returns which reflect fee waivers would be lower. Performance data does not reflect the 2% redemption fee for shares held less than 30 days and if deducted the fee would reduce the performance quoted.

* The Advisor has contractually agreed to waive fees through June 30, 2026.

Morning Star logo MORNINGSTAR RATINGS THROUGH 02/29/2024
Fund Fund Category Overall 3-Year 5-Year 10-Year
Alternative Energy Fund Global Small/Mid Stock 2
(135 funds)
2
(135 funds)
5
(119 funds)
1
(77 funds)
Asia Focus Fund Pacific/Asia ex-Japan St 2
(47 funds)
2
(47 funds)
1
(46 funds)
2
(33 funds)
China & Hong Kong Fund China Region 3
(95 funds)
3
(95 funds)
3
(75 funds)
3
(51 funds)
Global Energy Fund Equity Energy 3
(69 funds)
3
(69 funds)
3
(68 funds)
3
(60 funds)
Global Innovators Fund Global Large-Stock Growth 5
(324 funds)
4
(324 funds)
5
(279 funds)
5
(191 funds)
Renminbi Yuan & Bond Fund Emerging Markets Local Currency Bond 4
(72 funds)
3
(72 funds)
4
(67 funds)
4
(59 funds)

Global Innovators Fund ratings shown were given for the Investor Share Class.

Morningstar RatingTM is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category 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 managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

 The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. 

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