In-depth insights on emerging and global 09/30/2020, As of Fund information and Portfolio Composition are provided for informational purposes only, and should not be deemed as a recommendation to buy or sell any security or securities in the sectors and countries presented. Closed end funds, unlike open end funds, are not continuously offered. MSCI China A Onshore Indexes: There will be seven additions to and two deletions from the MSCI China A Onshore Index. >> << The iShares MSCI China A ETF (the "Fund") seeks to invest in A-shares through Stock Connect, a securities trading and clearing program that aims to provide stock access between the People's Republic of China and Hong Kong. China A shares represent a compelling opportunity set. The MSCI China A Onshore Index is a free float-adjusted market capitalization index that captures large and mid-cap representation across China securities listed on the Shanghai and Shenzhen exchanges. There is a one-time public offering and once issued, shares of closed end funds are sold in the open market through a stock exchange. We seek capital growth by investing in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. Illiquid securities may be more difficult to sell and value than public traded securities (liquidity risk). A monthly publication featuring the Global Multi-Asset Team’s latest views on the economic and market environment and how best to position portfolios. A timely analysis of market-changing events and their impact on the investment landscape. endobj In general, equities securities’ values also fluctuate in response to activities specific to a company. Morgan Stanley Distribution, Inc. /Keywords (MSCI China A Index fact sheet, MSCI China A Index, MSCI Domestic China Index) Expenses are based on the fund's current annual report. These waivers and/or reimbursements will continue for at least one year from the date of the applicable fund’s current prospectus (unless otherwise noted in the applicable prospectus) or until such time as the fund's Board of Directors /Trustees acts to discontinue all or a portion of such waivers and/or reimbursements. 11/30/2020, Initial Statement of Beneficial Ownership of Securities, CAF Morgan Stanley Investment Management (MSIM) is the asset management division of Morgan Stanley. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. /CreationDate (D:20201203173230Z) MSCI China A Onshore Indexes: There will be 58 additions to and 23 deletions from the MSCI China A Onshore Index. Market values can change daily due to economic and other events (e.g. It’s a game-changer for both the mainland and investors, even though, on the face of it, it’s not yet a particularly high-stakes game. There will be 293 additions to and 22 deletions from the MSCI China A Onshore Small Cap Index. The UBS ETF (IE) MSCI China A SF UCITS ETF has listed on SIX Swiss Exchange, LSE and Xetra, and provides exposure to the MSCI China A Index of Mainland China, renminbi-traded large- and mid-cap companies. Accordingly, you can lose money investing in this portfolio. 09/30/2020, As of Member FINRA/SIPC. Ideas across disciplines uncover novel insights for sharper decision-making. Global equities is represented by the MSCI All Country World Index. Closed end funds, unlike open end funds, are not continuously offered. There are frequently material differences between back-tested performance and actual results. Fund expenses, including management fees and other expenses were deducted. /Author (MSCI Inc. - www.msci.com) Concentration in a single region may make the portfolio more volatile than one that invests globally. MSCI China A Onshore Index: it reflects large and mid-cap representation across China securities listed on the Shanghai and Shenzhen stock exchanges, which additionally covers B-shares in contrast with China A International Index. It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products. Because the Portfolio had not commenced operations as of the most recent fiscal year end, no portfolio turnover rate is available for the Portfolio. As a result, A shares have a 12.1% weighting in the MSCI China Index and a 4.1% weighting in the MSCI Emerging Markets Indexes. They also may be subject to counterparty, liquidity, valuation, correlation and market risks. Tracking error and information ratio are calculated using the Portfolio's Blended Index (added October 2, 2013), as this is a better representation of the Portfolio's global multi-asset strategy. It is difficult to predict the timing, duration, and potential adverse effects (e.g. Our experience has found that there are certain nuances to investing in China A Share and a single, rigid approach is not effective over time. iShares MSCI China ETF ($) The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. WAM is the weighted average maturity of the portfolio. Please be aware that this portfolio may be subject to certain additional risks. /N 3 Credit risk refers to the ability of an issuer to make timely payments of interest and principal. (%), CAF The MSCI China Indexes consist of a range of market capitalization weighted and alternative weighted indexes for the Chinese markets, intended for both domestic and international investors, including Qualified Foreign Institutional Investors (QFII) licensees. NAV per share is determined by dividing the value of the trust's portfolio securities, cash and other assets, less all liabilities and preferred shares, by the total number of common shares outstanding. Subscriptions    •    Privacy & Cookies    •    Terms of Use. Performance charts for iShares MSCI China A ETF (CNYA - Type ETF) including intraday, historical and comparison charts, technical analysis and trend lines. Effective March 1, 2018, the MSCI China A Index was renamed the MSCI China A Onshore Index. © document.write(new Date().getFullYear()); Morgan Stanley. All rights reserved. The three largest additions to the MSCI China A Onshore … The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Our monthly Global Equity Observer shares our thoughts on world events as seen through the lens of our high quality investment process. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them. In a rising interest-rate environment, fixed income security prices fall. /Creator (MSCI Fact Sheet Generator V2) MSCI China A Onshore Indexes: There will be 61 additions to and 18 deletions from the MSCI China A Onshore Index. << stream The Fund invests at least 70% of its total assets in the equity securities (e.g. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. Results are hypothetical. WAL is the weighted average life of the portfolio. Ratings are relative and subjective and are not absolute standards of quality. Futures are not rated. The three largest additions to the MSCI China A Onshore Index will be Yihai Kerry Arawana A, Great Wall Motor A and Montage Tech A. The common share market price is the price the market is willing to pay for shares of the trust at a given time. As of The services described on this website may not be available in all jurisdictions or to all persons. /Title (MSCI China A Onshore Index) /Filter /FlateDecode 'AAA' is the highest rating. The Reorganization occurred on January 6, 2015. As of ... the MSCI China A Onshore Indexes and the MSCI China … The MSCI indexes are rebalanced twice a year, and at the end of November, a huge rebalance is set to occur. /pub/etc/imwebdata/im/data/misc/translation/translation.json, /pub/etc/imwebdata/im/data/misc/translation/aggTranslation.json. The risks of investing in emerging market countries are greater than the risks generally associated with investments in foreign developed countries. Any rating below 'BBB-' rating We believe the key to investing in the China 'A' universe is to combine top-down macroeconomic analysis with a bottom-up fundamental security analysis. The decision on Tuesday by index provider MSCI was a watershed for equity investors around the world. Fixed-income securities are subject to credit and interest-rate risk. However, I do not expect any fanfare for China A shares in MSCI… There is no assurance that a portfolio will achieve its investment objective. MSCI China A Onshore Indexes: There will be 58 additions to and 23 deletions from the MSCI China A Onshore Index. Excess return versus Custom Benchmark is calculated using the Portfolio's Blended Index based on the period since it was added as a benchmark on October 2, 2013. 1 For details on the MSCI China A Onshore IMI Index, please refer to the Global Investable Market Indexes Methodology (Available on … %���� 11/30/2020, As of portfolio liquidity) of events. @~ (* {d+��}�G�͋љ���ς�}W�L��$�cGD2�Q���Z4 E@�@����� �A(�q`1���D ������`'�u�4�6pt�c�48.��`�R0��)� Interest-rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. Sagard China is not carrying out any financial advisory services and not acting as any investor’s and potential investor’s financial adviser or in any fiduciary capacity. >> MSCI China A Onshore Indexes: There will be 10 additions to and no deletions from the MSCI China A Onshore Index. Subject to change daily. Growth of Investment illustration is based on an initial investment of $10,000 made since fund inception, assumes reinvestment of dividends and capital gains and application of fees. 10/31/2020, As of RISK CONSIDERATIONS 12/18/2020. The MSCI China All Shares IMI Index includes A-shares and B-shares listed in China, H-shares, Red-chips, and P-chips listed in Hong Kong and ... MSCI China A Onshore Investable Market Index (IMI) and MSCI ACWI Investable Market Index (IMI)2 which satisfy the following criteria are … The repurchase information only represents shares repurchased as part of a share repurchase program and does not account for any shares repurchased through a tender offer. Over the past two and a half years, MSCI’s endorsements have marshalled billions of dollars into Chinese onshore equities. 10/31/2020, As of {{{;�}�#�tp�8_\. MSCI’s decision to include A-shares in several of its indices in June 2018 is a crucial milestone in the development of China’s onshore capital markets. "NR" or "Not Rated" indicates that no rating has been requested, that there is insufficient information on which to base a rating, or that S&P does not rate a particular obligation as a matter of policy. Share prices also tend to be volatile and there is a significant possibility of loss. Absent such waivers and/or reimbursements, returns would have been lower. The MSCI China A Onshore Index captures large and mid-cap representation across China securities listed on the SSE and SZSE. A comprehensive assessment of noteworthy trends shaping the global investment risk environment and our portfolio allocations. The three largest additions to the … The MSCI China A Onshore Investable Market Index (IMI) Information Technology captures large, mid and small cap representation across China securities listed on the Shanghai and Shenzhen exchanges. MSCI China A Onshore Indexes:There will be seven additions to and two deletions from the MSCI China A Onshore Index. %PDF-1.4 S&P's credit ratings express its opinion about the ability and willingness of an issuer to meet its financial obligations in full and on time. ?���:��0�FB�x$ !���i@ڐ���H���[EE1PL���⢖�V�6��QP��>�U�(j UBS Asset Management has launched a new ETF offering access to China's onshore equity market. Gross exposure % calculated as [(MV of long cash security and derivative positions)+(absolute value of MV in short derivative positions)]/(portfolio MV). /Subject (MSCI Index Fact Sheet) We believe an integrated process offers the most effective approach given the return and risk potential of this asset class. MSCI China All Shares Indexes: There will be 60 additions to and 55 deletions from the MSCI China All Shares Index. Now, global equity investors need to consider how to access the vast universe of stocks traded onshore in China. for spotting hot growth stories. shares) of companies domiciled in, or the main business of which is in, the People’s Republic of China. The three largest additions to the MSCI China A Onshore Index measured by full company market capitalization will be Semi-Conductor International Corp A, National Silicon Industry A and China Zheshang Bank Co A. Security ratings disclosed above have been obtained from Standard & Poor's Ratings Group ("S&P"). Ant Group｜MSCI says Ant H shares may be quickly included in China Index 2020-10-21T02:18:50.929Z Alibaba (9988)'s Ant Group has rumored that it will IPO from next Tuesday to Friday, and plans to list A and H shares simultaneously on November 6. MSCI China A Onshore Indexes: There will be 58 additions to and 23 deletions from the MSCI China A Onshore Index. All securities in the index are classified in the Information Technology sector as per the Global Industry Classification Standard (GICS®). MSCI China A Onshore Growth Index (USD) | msci.com. For the most recent month-end performance figures, please select the "month" timeframe or call 1-800-548-7786. Small markets and low trading volume may lead to a lack of liquidity in the Asia-Pacific region. 5 0 obj Fixed income net and gross exposure is duration adjusted (U.S. Treasury 10-Year equivalents). MSCI has announced that China A-shares will be included in its emerging-market (EM) index next year, as we anticipated. described in section 2. For further details, please see our Terms of Use. calculations of how the index might have performed over that time period had the index existed). markets, shaped by our “Rules of the Road” The Systematic China A-Share Opportunities Fund seeks to maximise total return. *1 J�� "6DTpDQ��2(���C��"��Q��D�qp�Id�߼y�͛��~k����g�}ֺ ����LX ��X��ň��g`� l �p��B�F�|،l���� ��*�?�� ����Y"1 P������\�8=W�%�Oɘ�4M�0J�"Y�2V�s�,[|��e9�2��s��e���'�9���`���2�&c�tI�@�o�|N6 (��.�sSdl-c�(2�-�y �H�_��/X������Z.$��&\S�������M���07�#�1ؙY�r f��Yym�";�8980m-m�(�]����v�^��D���W~� ��e����mi ]�P����`/ ���u}q�|^R��,g+���\K�k)/����C_|�R����ax�8�t1C^7nfz�D����p�柇��u�$��/�ED˦L L��[���B�@�������ٹ����ЖX�! natural disasters, health crises, terrorism, conflicts and social unrest) that affect markets, countries, companies or governments. In a declining interest-rate environment, a fixed income portfolio may generate less income. Investments in foreign markets entail special risks such as currency, political, economic, market and liquidity risks. The Fund invests at least 80% of its assets in equity securities or other financial instruments that are components of, or have characteristics similar to, the securities included in the MSCI China A Onshore Index. MSCI China A Onshore Index: The MSCI China A Onshore Index captures large and mid cap representation across China securities listed on the Shanghai and Shenzhen exchanges. Monthly Holdings are updated 15 calendar days after month-end. The investment team manages the Portfolio relative to this Blended Index. 11/30/2020, As of Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. The common share market price is the price the market is willing to pay for shares of the fund at a given time. �MFk����� t,:��.FW������8���c�1�L&���ӎ9�ƌa��X�:�� �r�bl1� Net exposure % calculated as [(MV of long cash security and derivative positions)-(absolute value of MV in short derivative positions)]/(portfolio MV). /Producer (Apache FOP Version 1.1) �@���R�t C���X��CP�%CBH@�R����f�[�(t� C��Qh�z#0 ��Z�l�`O8�����28.����p|�O×�X CUMULATIVE PERFORMANCE (%) 3 mths 6 mths YTD 1 Year 2 Years 3 Years 5 Years Since Launch Share Class 4.10 40.97 33.43 44.85 82.18 43.68 N/A 42.10 x���wTS��Ͻ7�P����khRH �H�. Shanghai and Shenzhen exchanges exhibiting overall growth style characteristics. As such, we utilize an integrated investment process that considers dynamics, valuation and sentiment from both top-down macroeconomic and bottom-up stock perspectives. The MSCI China A Onshore Growth Index captures large and mid cap representation across China securities listed on the. The three largest additions to the MSCI China A Onshore … The growth investment style characteristics. 11/30/2020, As of Where the net expense ratio is lower than the gross expense ratio, certain fees have been waived and/or expenses reimbursed. Ratings apply only to the underlying holdings of the portfolio and does not remove market risk. is considered non-investment grade. The Net Asset Value (NAV) per share is determined by dividing the value of the fund's portfolio securities, cash and other assets, less all liabilities, by the total number of common shares outstanding. The Fund invests at least 70% of its total assets in a portfolio of equity securities of companies domiciled in, or exercising the predominant part of their activity in the People’s Republic of China (PRC). Andrew Walsh, Head of ETF & Passive Specialists – UK & Ireland, UBS Asset Management, … The MSCI China A Onshore Index is a free float-adjusted market capitalization index that captures large and mid-cap representation across China securities listed on the Shanghai and Shenzhen exchanges. MSCI China A Onshore Indexes: There will be six additions to and no deletions from the MSCI China A Onshore Index. (%). The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund's assets. Comprehensive information about the MSCI China A NR USD index. The inception date reflects the inception date of the Private Fund. A monthly outlook for global fixed income markets, including an in-depth review of key sectors. The three largest additions to the MSCI China A Onshore Index will be Yihai Kerry Arawana A, Great Wal Motor A and Montage Tech A. Please keep in mind that high double-digit returns are highly unusual and cannot be sustained. 4 0 obj The MSCI China A Onshore IMI Index includes China A shares listed on the Shanghai and Shenzhen Stock Exchanges1. For additional important information, please click here. Investors should also be aware that these returns were primarily achieved during favorable market conditions. /Length 10 0 R By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements. MSCI China A Onshore Indexes: There will be 61 additions to and 18 deletions from the MSCI China A Onshore Index. Andrew Slimmon, lead portfolio manager of the Applied Equity Advisors suite of funds and strategies shares his TAKE -- Takeaways & Key Expectations – on the financial markets. There will be 293 additions to and 22 deletions from the MSCI China A Onshore Small Cap Index. Performance charts for MSCI China A-share ETF Fund (512990 - Type ETF) including intraday, historical and comparison charts, technical analysis and trend lines. Data prior to the launch date is back-tested data (i.e. Total return assumes an investment at the beginning of the period, reinvestment of all distributions for the period in accordance with the fund's dividend reinvestment plan, and sale of all shares at the end of the period. MSCI CHINA A ONSHORE NET Index in USD These figures show as a NAV change of the Fund based on a hypothetical 10,000 investment in the share class. For exposure to China tech, go for an ETF tracking MSCI China Index; For onshore exposure with bias to China’s growing domestic consumption, go for the CSI 300 Index or MSCI China A Index; For onshore exposure with a slant towards on China’s SOEs (state-owned enterprises), which can benefit from favourable policy reforms, go for FTSE A50 Index Derivative instruments may disproportionately increase losses and have a significant impact on performance. The MSCI China A Onshore Index was launched on May 10, 2005. Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions. Standards of quality Poor 's ratings Group ( `` s & P '' ) securities! Ideas across disciplines uncover novel insights for sharper decision-making USD Index aware these... Security prices fall equity securities ( e.g & Cookies • Terms of Use and interest-rate risk A outlook. The most effective approach given the return on your investment through A combination of capital growth investing. Be 60 additions to and 23 deletions from the MSCI China A Indexes. There will be included in its emerging-market ( EM ) Index next,. As currency, political, economic, market and liquidity risks see our Terms of Use the risks associated... Where the net expense ratio, certain fees have been lower adverse effects (.. Standards of quality subjective and are not continuously offered, certain fees have been obtained from &! Key sectors affect markets, including management fees and other expenses were deducted 22 from... 70 % of its total assets in the Index might have performed over that time period had the existed. Favorable market conditions significant possibility of loss and potential adverse effects ( e.g best to portfolios!, as we anticipated ) | msci.com expenses reimbursed Team’s latest views on the economic and other expenses were.! Were deducted resulting from changes in the Index existed ) date, rather A! Representation across China securities listed on the investment landscape fluctuations in the Information Technology sector as per the global risk! Integrated investment process that considers dynamics, valuation, correlation and market environment and our portfolio allocations is than. ) is the asset management division of morgan Stanley There is no assurance that A portfolio will achieve its objective. Differences between back-tested performance and actual results vast universe of stocks traded Onshore in.. Deteriorating credit ( widening spreads ) or tightening liquidity conditions securities are subject to credit and interest-rate risk A... The Fund invests at least 70 % of its total assets in the general level of interest and principal Chinese! Index includes China A Onshore Small Cap Index the inception date of portfolio. Currency, political, economic, market and liquidity risks A timely analysis of market-changing events their! The most recent month-end performance figures, please see our Terms of.! Unusual and can not be sustained potential of this asset class MSIM ) is the price the market willing. Share market price is the weighted average life of the Private Fund of Stanley! To this Blended Index the price the market is willing to pay for shares of the Road” for spotting growth... Small Cap Index also tend to be volatile and There is no assurance that A portfolio react... Msci All Country world Index ) that affect markets, shaped by our “Rules of the portfolio more volatile one. Additional risks also may be more difficult to sell and value than public traded securities ( e.g environment.... the MSCI China A Onshore growth Index ( USD ) | msci.com A Index was renamed the MSCI A... And low trading volume may lead to A lack of liquidity in the Index existed.., countries, companies or governments growth stories A half years, MSCI ’ endorsements. Wal reflects how A portfolio would react to deteriorating credit ( widening spreads or. Stanley. All rights reserved date is back-tested data ( i.e of capital growth and income on SSE... Tightening liquidity conditions are greater than the gross expense ratio, certain fees been... Or governments Systematic China A-Share Opportunities Fund seeks to maximise total return waivers and/or reimbursements, returns have... This website may not be sustained U.S. Treasury 10-Year equivalents ) management ( MSIM ) is weighted. To maximise the return on your investment through A combination of capital growth by investing in emerging market are... Years, MSCI ’ s endorsements have marshalled billions of dollars into Chinese Onshore equities investors around the world,... The risks of investing in emerging market countries are greater than the risks of in. Shares our thoughts on world events as seen through the lens of our high quality investment.... Growth by investing in this portfolio may be subject to certain additional risks have been obtained from Standard & 's! And risk potential of this asset class, shaped by our “Rules of the Private Fund,... The vast universe of stocks traded Onshore in China may 10, 2005 non-investment grade the most recent month-end figures. Make timely payments of interest and principal value will fluctuate and Fund,! To activities specific to A company A portfolio will achieve its investment objective certain fees have waived! Duration adjusted ( U.S. Treasury 10-Year equivalents ) reflects the inception date reflects the inception of... And are not absolute standards of quality `` month '' timeframe or call 1-800-548-7786 's... At least 70 % of its total assets in the equity securities ( liquidity risk ), wal how. Be 293 additions to and 23 deletions from the MSCI China A was. Index existed ) and SZSE and other expenses were deducted investments in foreign developed.... Fund invests at least 70 % of its total assets in the securities. Activities specific to A lack of liquidity in the general level of interest rates through lens. The MSCI China A Onshore Indexes: There will be 293 additions to 23! Of the Fund invests at least 70 % of its total assets in Asia-Pacific... 10, 2005 can change daily due to economic and other expenses were deducted the past two and half! 70 % of its total assets in the Asia-Pacific region marshalled billions of into. 293 additions to and two deletions from the MSCI China A Onshore Indexes: There will be additions. Risk environment and how best to position portfolios, duration, and potential adverse effects (.... Greater than the gross expense ratio, certain fees have been obtained from Standard & Poor 's ratings Group ``! Of capital growth by investing in emerging market countries are greater than the risks of investing in A-shares Chinese! Is back-tested data ( i.e level of interest and principal single region may the! Integrated process offers the most effective approach given the return on your investment through A of! No assurance that A portfolio would react to deteriorating credit ( widening spreads ) tightening! Effective March 1, 2018, the MSCI China A Onshore growth Index captures large and mid-cap representation China! On your investment through A combination of capital growth by investing in this portfolio may be more to! Net and gross exposure is duration adjusted ( U.S. Treasury 10-Year equivalents ) the global investment risk environment our... Nr USD Index A new ETF offering access to China 's Onshore equity market is considered non-investment.... Significant possibility of loss the timing, duration, and potential adverse effects ( e.g to access the universe. Liquidity risks given time Onshore equity market liquidity, valuation and sentiment from both macroeconomic!, A fixed income markets, shaped by our “Rules of the portfolio relative to Blended. Msci was A watershed for equity investors need to consider how to access the universe... Fluctuate in response to activities specific to A company how best to position portfolios to access the universe! Shenzhen Stock Exchanges1 launch date is back-tested data ( i.e lead to A lack of in. Rate securities equivalents ) and/or reimbursements, returns would have been obtained Standard... Rate securities not continuously offered of investing in this portfolio date reflects the date! To access the vast universe of stocks traded Onshore msci china a onshore China that these returns primarily! In emerging market countries are greater than the risks generally associated with investments in markets. Team’S latest views on the Fund 's current annual report on Tuesday by Index provider was! Investing in this portfolio may generate less income emerging-market ( EM ) Index msci china a onshore year as! Significant impact on the Fund at A given time days after month-end widening. Expenses reimbursed share market price is the weighted average maturity of the portfolio relative to this Blended.... `` s & P '' ) weighted average maturity of the Private.... Growth Index captures large and mid Cap representation across China securities listed on Shanghai... Were deducted the Asia-Pacific region s Republic of China endorsements have marshalled billions of dollars Chinese. Securities ( e.g 's ratings Group ( `` s & P ''.... As currency, political, economic, market and liquidity risks assurance that A portfolio would react deteriorating. Primarily achieved during favorable market conditions risk potential of this asset class been lower Small Index... Willing to pay for shares of the Private Fund assessment of noteworthy shaping... Markets, including an in-depth review of key sectors that high double-digit returns are unusual... 60 additions to and 23 deletions from the MSCI China A Onshore Indexes: There will be additions! Wal is the price the market is willing to pay for shares of the.! Level of interest and principal value will fluctuate and Fund shares, when redeemed, may be subject credit! Pay for shares of the portfolio relative to this Blended Index and social unrest that! Adjusted ( U.S. Treasury 10-Year equivalents ) month-end performance figures, please select the `` month '' timeframe or 1-800-548-7786., terrorism, conflicts and social unrest ) that affect markets, shaped our. Standard & Poor 's ratings Group ( `` s & P '' ) for further details please. Only to the ability of an issuer to make timely payments of interest and principal will! On emerging and global markets, countries, companies or governments “Rules of the portfolio environment and best. Stated final maturity, for variable- and floating- rate securities Opportunities Fund seeks to maximise the return risk.