Performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost. The Adviser has reimbursed certain Fund expenses and the Fund's transfer agency expenses may be reduced by expense offsets from an unaffiliated transfer agent, without which performance would have been lower. Current performance may be lower or higher than the performance data quoted above. For performance information current to the most recent month end, click on Total Returns By Month tab above.
*As of fiscal year ended 12/31/2012, the estimated gross expense of the Fund's Retail Shares was 4.01% but the estimated net expense ratio was 1.50% (net of the Adviser's fee waiver).
Definitions (provided by BAMCO, Inc.): The MSCI EM (Emerging Markets) IMI Index Net USD
and the MSCI EM (Emerging Markets) IMI Growth Index Net USD
are free float-adjusted market capitalization indexes designed to measure equity market performance of large-, mid- and small-cap securities in the emerging markets. The MSCI EM (Emerging Markets) IMI Growth Index Net USD screens for growth-style securities. The indexes and the Fund include reinvestment of dividends, net of withholding taxes, which positively impacts the performance results. The Morningstar Diversified Emerging Markets Average
is not weighted and represents the straight average of annualized returns of each of the funds in the Diversified Emerging Markets category. The Fund has been included in the category since inception. As of 6/30/13, the category consisted of 654, 645 and 578 funds for the 3-month, year-to-date and 1-year periods. © 2014 Morningstar, Inc. All Rights Reserved. The Morningstar 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.