Mirae Asset Asia I
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.4%
1 yr return
4.2%
3 Yr Avg Return
-3.7%
5 Yr Avg Return
-0.6%
Net Assets
$9.93 M
Holdings in Top 10
44.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.94%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 87.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MILAX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.70%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMirae Asset Asia Fund
-
Fund Family NameMirae Asset Global Investments
-
Inception DateSep 24, 2010
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRahul Chadha
Fund Description
MILAX - Performance
Return Ranking - Trailing
| Period | MILAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.4% | -23.5% | 33.1% | 59.14% |
| 1 Yr | 4.2% | -24.8% | 44.4% | 51.35% |
| 3 Yr | -3.7%* | -14.9% | 22.6% | 81.05% |
| 5 Yr | -0.6%* | -7.3% | 11.9% | 84.73% |
| 10 Yr | N/A* | -6.5% | 8.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MILAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.2% | -4.4% | 47.5% | 26.78% |
| 2022 | -34.3% | -47.1% | -10.4% | 95.48% |
| 2021 | 48.6% | -0.9% | 104.2% | 8.22% |
| 2020 | -4.2% | -18.0% | 17.9% | 90.34% |
| 2019 | -9.9% | -36.8% | 8.8% | 39.52% |
Total Return Ranking - Trailing
| Period | MILAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.4% | -23.5% | 33.1% | 59.14% |
| 1 Yr | 4.2% | -24.8% | 44.4% | 51.35% |
| 3 Yr | 2.1%* | -13.3% | 23.3% | 43.14% |
| 5 Yr | 4.2%* | -5.7% | 12.4% | 55.73% |
| 10 Yr | N/A* | -6.5% | 11.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MILAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.2% | -4.4% | 47.5% | 26.78% |
| 2022 | -21.6% | -47.1% | -8.6% | 81.29% |
| 2021 | 48.6% | 16.8% | 104.2% | 10.27% |
| 2020 | -4.2% | -18.0% | 19.9% | 91.72% |
| 2019 | -4.8% | -36.8% | 15.3% | 18.55% |
MILAX - Holdings
Concentration Analysis
| MILAX | Category Low | Category High | MILAX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.93 M | 3.77 M | 23.5 B | 84.82% |
| Number of Holdings | 48 | 2 | 5010 | 75.39% |
| Net Assets in Top 10 | 7.42 M | 259 K | 4.13 B | 84.82% |
| Weighting of Top 10 | 44.10% | 7.3% | 98.8% | 31.41% |
Top 10 Holdings
- Tencent Holdings Ltd 9.04%
- Samsung Electronics Co Ltd 6.04%
- Alibaba Group Holding Ltd ADR 5.63%
- ICICI Bank Ltd 3.99%
- Reliance Industries Ltd 3.62%
- Taiwan Semiconductor Manufacturing Co Ltd 3.45%
- Samsung Electronics Co Ltd Participating Preferred 3.42%
- Li Ning Co Ltd 3.16%
- TAL Education Group ADR 2.96%
- SBI Life Insurance Co Ltd 2.79%
Asset Allocation
| Weighting | Return Low | Return High | MILAX % Rank | |
|---|---|---|---|---|
| Stocks | 100.00% | 22.10% | 101.89% | 8.90% |
| Preferred Stocks | 0.00% | 0.00% | 0.06% | 46.07% |
| Other | 0.00% | -0.02% | 13.99% | 59.69% |
| Convertible Bonds | 0.00% | 0.00% | 9.45% | 48.69% |
| Cash | 0.00% | -3.19% | 71.02% | 84.82% |
| Bonds | 0.00% | 0.00% | 4.75% | 48.69% |
MILAX - Expenses
Operational Fees
| MILAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.94% | 0.35% | 11.85% | 31.35% |
| Management Fee | 0.95% | 0.00% | 1.34% | 61.26% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.02% | 0.01% | 0.50% | 5.63% |
Sales Fees
| MILAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.40% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| MILAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.40% | 2.00% | 40.91% |
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.
| MILAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 87.00% | 4.00% | 360.00% | 75.96% |
MILAX - Distributions
Dividend Yield Analysis
| MILAX | Category Low | Category High | MILAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.00% | 47.64% |
Dividend Distribution Analysis
| MILAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
| MILAX | Category Low | Category High | MILAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.70% | -1.71% | 5.25% | 65.41% |
Capital Gain Distribution Analysis
| MILAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
MILAX - Fund Manager Analysis
Managers
Rahul Chadha
Start Date
Tenure
Tenure Rank
Sep 24, 2010
9.77
9.8%
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
0.47
0.5%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.18 | 25.85 | 5.49 | 10.63 |