Nile Global Frontier Fund

Experience makes the difference.

Frontier countries are among the fastest growing countries in the world. As frontier economies keep growing and their standards of living keep rising, high-growth public companies are emerging across these countries. We have the knowledge, experience and process to help you identify and participate in them.
  • Class I

    • Nile Global Frontier Fund (NFRNX)

    • NAV

    • NAV Daily Change

    • % YTD Return


  • Investment Strategy

    Nile Global Frontier Fund ("the Fund") seeks to provide long term capital appreciation by investing in stocks of Frontier country-based companies. The Fund is advised by Nile Capital Management, LLC, and its Portfolio Manager is Larry Seruma, Chief Investment Officer.

    In normal markets, the Fund expects to invest at least 80% of its assets in stocks of public companies that have the majority of their assets in Frontier countries, and/or derive a majority of their revenues from Frontier countries. The Fund diversifies broadly among what we believe to be the most attractive regions and countries in the Frontier, identified through top-down macroeconomic analysis. This analysis evaluates and ranks each country on the basis of economic growth, inflation, interest rates, currency, regulatory framework and political stability.

    The Portfolio Manager also employs bottom-up fundamental analysis to identify what we believe to be the most attractive companies in selected markets. This analysis draws upon proprietary research and "on-the-ground" contacts and resources. It will focus on such factors as:

    • • Cash flow return on investment
    • • Return on invested capital
    • • Sound balance sheets with reasonable debts
    • • Strong products with competitive advantages
    • • Strength and stability of company management
    • • Sound accounting policies and corporate governance
    • • Prospects for sustained earnings growth

    Average Annual Returns


    Through 12/31/2015

    Average Annual Returns

    Through 12/31/2015
    Fund Name(4)NAVNAV Daily Change% Daily Change(1)% YTD Return(2)One MonthThree MonthsSix MonthsSince InceptionOne YearFive YearInception
    Nile Frontier & Emerging Fund Class I7.680.000.00%-20.66%-5.30%-5.65%-17.42%-12.22%-20.66%N/A-12.22%
    • (1) Represents the percentage increase/decrease in the net asset value from the prior trading day.
    • (2) Performance for periods less than one year is not annualized.
    • (3) Inception date of the Nile Global Frontier Fund is December 31, 2013
    • Nile Global Frontier Fund - Gross Expense Ratio: 12.15%

    The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. The Fund's investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until July 31, 2014, to ensure that the Total Annual Fund Operating Expenses After Fee Waiver (exclusive of any acquired fund fees and expenses, borrowing costs, taxes and extraordinary expenses) will not exceed 2.25%, subject to possible recoupment from the Fund in future years. Please review the Fund's prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower.

    A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month-end, please call toll-free 1-877-682-3742.

    The MSCI Frontier Markets Index is a market-capitalization weighted index of frontier market country indices.
    Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.

    Growth of a Hypothetical Investment of $10,000 in Nile Global Frontier Fund

    (Assuming reinvestment of all dividends and distributions)
  • Security Holdings

    Through 01/01/1970
    Security DescriptionPercentage

    The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund's current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.

    Fees and Expenses

    For a complete list of fees and expenses click below.

    Check Historical NAV