Fund Facts  

Inception Date: May 1, 1997
Ticker Symbol: GBEMX
Morningstar Category:Diversified Emerging Mkts
As of Mar 31, 2014
Fund Net Assets ($millions) $442

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital appreciation.

Principal Investment Strategies  

The fund normally invests at least 80% of its net assets in securities of emerging market companies, which may include common stocks, preferred stocks, or other securities convertible into common stock. It defines an emerging market country as one whose economy or markets are considered by the International Finance Corporation and the World Bank to be emerging or developing, as well as any country classified by the United Nations as developing. The fund also may invest in foreign issuers through American Depositary Receipts, European Depositary Receipts, Global Depositary Receipts, etc.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2015
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
RS Emerging Markets Aa2.34%4.30%-3.15%1.32%1.68%8.14%7.44%
MSCI Emerging Markets Index (Gross)a,b5.75%5.75%-11.70%-4.15%-3.80%3.34%N/A
Morningstar Diversified Emerging Mktsa,c3.87%3.87%-11.44%-4.50%-3.84%2.43%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa1.69%
Fee waiver and/or expense reimbursement0.04%
Total expenses1.65%

A contractual expense waiver exists for this fund and will expire on 04-30-2016.

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The MSCI Emerging Markets Index (Gross) is a free float-adjusted market capitalization index of equity securities that is designed to measure the equity market performance of emerging markets. Gross total return indexes reinvest as much as possible of a company’s dividend distributions. The reinvested amount is equal to the total dividend amount distributed to persons residing in the country of the dividend-paying company. Gross total return indexes do not, however, include any tax credits.

c. The Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 18, 2014Dec 18, 2014$1.418500000
Dec 19, 2013Dec 19, 2013$0.016500000
May 30, 2013May 30, 2013$3.385300000
Dec 13, 2012Dec 13, 2012$0.051100000
Dec 16, 2010Dec 16, 2010$0.552200000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2014
Period Stars Category Size
Overall 2 Stars591
3-Year 1 Stars591
5-Year 2 Stars410
10-Year 3 Stars179

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2014
Equity Stylebox
Large Blend
Allocation of Assets As of Dec 31, 2013
Type of Asset Percent
Equity94%
Fixed Income2%
Cash/Other4%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Dec 31, 2013
Asset ClassPercent
Domestic Stock0.6%
Foreign Stock93.2%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred1.8%
Convertible0.0%
Cash0.5%
Other4.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Dec 31, 2013
SectorPercent
Technology20.1%
Financial Services18.5%
Energy9.1%
Basic Materials8.9%
Communication Services7.8%
Consumer Defensive7.3%
Consumer Cyclical6.7%
Industrials6.2%
Utilities3.7%
Real Estate2.8%
Healthcare1.7%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Country Exposure As of Dec 31, 2013
CountryPercent
China19.8%
South Korea16.9%
Taiwan12.7%
Russia7.9%
Brazil7.0%
India6.1%
Mexico4.4%
South Africa4.3%
Malaysia2.2%
Hong Kong1.6%
Top Ten Holdings As of Dec 31, 2013
Holding NamePercent
Samsung Electronics Co Ltd4.3%
China Construction Bank Corp H Shares2.4%
Taiwan Semiconductor Manufacturing Co Ltd2.3%
JSFC Sistema GDR2.0%
Hyundai Motor Co Ltd1.9%
OAO Gazprom ADR1.8%
Naspers Ltd1.6%
Itau Unibanco Holding S.A.1.6%
Tencent Holdings Ltd.1.6%
KB Financial Group Inc1.6%
 

Statistics

Portfolio Statistics As of Mar 31, 2014
Statistic3-Year5-Year
Beta1.041.09
Alpha-2.74-1.46
Standard Deviation20.8824.01
 
 

Trading Restrictions

Purchase, Sale, and Transfer Restrictions

 

Fund-to-Fund transfers involving the RS Emerging Markets Fund A Class will be limited to reduce excessive trading and its adverse effects on the fund. If you transfer assets out of the RS Emerging Markets Fund A Class to another investment option, you must wait at least 61 days before transferring assets back into the same fund.

 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.