MALAX: Mirae Asset Asia A

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MALAX Mirae Asset Asia A


Profile

MALAX - Profile

Vitals

  • YTD Return -3.8%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return -1.8%
  • Net Assets $24.4 M
  • Holdings in Top 10 42.1%

52 WEEK LOW AND HIGH

$10.50
$9.48
$11.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.02%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 129.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA $500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Pacific/Asia ex-Japan Stk

Distributions

  • YTD Total Return -3.8%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Mirae Asset Asia Fund
  • Fund Family Name
    Mirae Asset Global Investments
  • Inception Date
    Sep 24, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rahul Chadha

Fund Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities (i) of issuers in Asia, excluding Japan or (ii) that are tied economically to Asia, excluding Japan, provided that, in either case, the issuers of any such securities are deemed by the Investment Manager to be Sector Leaders. Equity securities consist of common stock and related securities, such as preferred stock and depositary receipts.


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Categories

Performance

MALAX - Performance

Return Ranking - Trailing

Period MALAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.8% -7.8% 2.7% 41.05%
1 Yr 6.1% -16.4% 25.3% 30.53%
3 Yr 0.8%* -11.6% 24.9% 71.60%
5 Yr -1.8%* -7.5% 7.3% 72.97%
10 Yr N/A* -6.3% 6.7% N/A

* Annualized

Return Ranking - Calendar

Period MALAX Return Category Return Low Category Return High Rank in Category (%)
2019 21.2% -4.4% 44.7% 41.49%
2018 -34.7% -47.1% -11.8% 93.02%
2017 48.3% -0.9% 104.2% 9.88%
2016 -4.5% -18.0% 17.1% 88.89%
2015 -10.1% -31.2% 8.8% 51.35%

Total Return Ranking - Trailing

Period MALAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.8% -7.8% 2.7% 41.05%
1 Yr 6.1% -16.4% 25.3% 30.53%
3 Yr 7.1%* -7.3% 25.6% 32.10%
5 Yr 3.0%* -7.5% 8.0% 43.24%
10 Yr N/A* -6.3% 9.5% N/A

* Annualized

Total Return Ranking - Calendar

Period MALAX Return Category Return Low Category Return High Rank in Category (%)
2019 21.2% -4.4% 44.7% 41.49%
2018 -21.7% -47.1% -9.5% 75.58%
2017 48.3% 16.8% 104.2% 12.35%
2016 -4.5% -18.0% 19.6% 91.36%
2015 -4.9% -31.0% 15.3% 31.08%

NAV & Total Return History


Holdings

MALAX - Holdings

Concentration Analysis

MALAX Category Low Category High MALAX % Rank
Net Assets 24.4 M 5.51 M 8.09 B 78.95%
Number of Holdings 47 2 208 69.47%
Net Assets in Top 10 11.2 M 2.67 M 2.92 B 81.05%
Weighting of Top 10 42.08% 21.2% 99.5% 47.37%

Top 10 Holdings

  1. Alibaba Group Holding Ltd ADR 9.04%
  2. Tencent Holdings Ltd 5.39%
  3. Samsung Electronics Co Ltd 4.84%
  4. ICICI Bank Ltd 4.63%
  5. Taiwan Semiconductor Manufacturing Co Ltd 3.82%
  6. SBI Life Insurance Co Ltd 3.19%
  7. IHH Healthcare Bhd 3.13%
  8. AIA Group Ltd 2.84%
  9. Samsung Electronics Co Ltd Participating Preferred 2.60%
  10. TAL Education Group ADR 2.60%

Asset Allocation

Weighting Return Low Return High MALAX % Rank
Stocks
99.27% 84.76% 100.63% 20.00%
Cash
0.73% -0.62% 14.89% 75.79%
Preferred Stocks
0.00% 0.00% 2.15% 89.47%
Other
0.00% 0.00% 3.48% 90.53%
Convertible Bonds
0.00% 0.00% 11.31% 87.37%
Bonds
0.00% 0.00% 4.46% 87.37%

Expenses

MALAX - Expenses

Operational Fees

MALAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.02% 0.30% 13.31% 38.30%
Management Fee 0.95% 0.60% 1.10% 63.16%
12b-1 Fee 0.25% 0.00% 1.00% 62.07%
Administrative Fee 0.02% 0.01% 0.25% 5.88%

Sales Fees

MALAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 46.67%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MALAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 70.45%

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.

MALAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 129.00% 1.00% 360.00% 93.68%

Distributions

MALAX - Distributions

Dividend Yield Analysis

MALAX Category Low Category High MALAX % Rank
Dividend Yield 0.00% 0.00% 8.42% 87.37%

Dividend Distribution Analysis

MALAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

MALAX Category Low Category High MALAX % Rank
Net Income Ratio 0.11% -1.69% 2.82% 72.63%

Capital Gain Distribution Analysis

MALAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MALAX - Fund Manager Analysis

Managers

Rahul Chadha


Start Date

Tenure

Tenure Rank

Sep 24, 2010

9.36

9.4%

Rahul Chadha is the Chief Investment Officer of Mirae Asset Global Investments (Hong Kong) and a key member of the firm’s investment committee. He is also a portfolio manager on the Emerging Markets Fund and Asia Fund, which he has managed since the funds’ inception. Prior to joining Mirae Asset in 2006, Mr. Chadha was a senior equity analyst for two years at Standard Chartered Mutual Funds, where he was responsible for sector coverage in India. He also served as a senior research analyst at Aviva Life Insurance from 2003 to 2005. Mr. Chadha began his career in financial services in 1999 as a research analyst covering Indian equities at Dundee Mutual Funds. Mr. Chadha holds a Master of Finance and Control degree and a Bachelor of Business Studies degree from the University of Delhi. He is based in Hong Kong and is fluent in Hindi.

Wei Wei Chua


Start Date

Tenure

Tenure Rank

Jan 09, 2020

0.06

0.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 20.1 5.14 10.21