# Investment Performance (% net of fees) in USD
Cumulative (%)	Annualised (% p.a.)
1 M  3 M	YTD 1 YR	3 YR 5 YR 10 YR INCEPTION
Class A Shares	16.03  -3.55  -30.47 -31.01	--	--	--	-4.25
MSCI Emerging Markets Net Index	14.83  -1.78  -18.95 -17.43	--	--	--	-2.01
Calendar Year Returns (%)	
2021 2020 2019 2018 2017 2016 2015 2014 20132012
Total net assets	$ 111.32 million
Structure	Luxembourg SICAV
Charges (%)	
CLASS A
Ongoing Charges2.29
Max Entry Charge5.75
Management Fee2.00
Entry Charge is a maximum possible figure. In some cases you might pay less, you can find this out from your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the fund over the period. It includes fees paid for investment management (Management Fee), trustee/custodian, and administration charges. For more information please see the Charges and Expenses section of the prospectus.
Subscriptions (USD)	
CLASS A
Minimum initial investment0
Characteristics	
FUND INDEX
Active share (%)	89.78	-- Return on invested capital (%)	 39.5320.84
| Class A Shares | -19.78 57.38 | -- | -- | -- | -- | -- | -- | -- | -- |  | 5 year free cash flow growth (%) | 9.78 | 11.06 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| MSCI Emerging Markets Net Index | -2.54  18.31 | -- | -- | -- | -- | -- | -- | -- | -- |  | 5 year sales growth (%) | 15.53 | 11.78 |
| All performance data is calculated NAV to NAV, net of fees, and does not take account of |  | Net cash to equity (%)	36	-23 |

Return on assets (%)	3.074.72
Number of holdings	35  1,386
commissions and costs incurred on the issue and redemption of units. The sources for all performance and Index data is Morgan Stanley Investment Management.

### The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested.
Weighted average market capitalization ($B)
65.64  59.98
Please refer to the additional information and definitions section at the end of this document.

Translation (ENIT, 2022-11-30):
# Performance degli investimenti (% al netto delle commissioni) in USD
Cumulata (%)	Annualizzata (% p.a.)
DA INIZIO

## Prospetto.
Sottoscrizioni (USD)	
CLASSE A
Investimento iniziale minimo0
Investimento successivo minimo0
1 M  3 M	ANNO 1 ANNO	3 ANNI 5 ANNI 10 ANNI LANCIO
| Azioni di Classe A	16,03 | -3,55 | -30,47 | -31,01 | -- | -- | -- | -4,25 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| MSCI Emerging Markets Net Index	14,83 | -1,78 | -18,95 | -17,43 | -- | -- | -- | -2,01 |

Caratteristiche	
COMPARTO INDICE
Active share (%)	89,78	--
Rendimenti nell'Anno solare (%)  
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
| Azioni di Classe A | -19,78 57,38 | -- | -- | -- | -- | -- | -- | -- | -- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| MSCI Emerging Markets Net Index | -2,54 18,31 | -- | -- | -- | -- | -- | -- | -- | -- |

Tutti i dati di performance sono calcolati in base al valore del patrimonio netto (NAV), al netto delle spese, e non comprendono le commissioni e gli oneri relativi all’emissione e al rimborso delle quote. Tutti i dati relativi alle performance e agli indici sono tratti da Morgan Stanley Investment Management.

## Il valore degli investimenti e i proventi da essi derivanti possono aumentare come diminuire e un investitore può non recuperare l'importo investito.
Redditività del capitale investito (%)
Crescita del fatturato a 5 anni (%)
Capitalizzazione di mercato media ponderata ($ mld)
3,07	4,72
15,53	11,78
65,64  59,98
Numero di posizioni	35	1.386
Si rimanda alla sezione Informazioni supplementari e definizioni alla fine del presente documento.