Nasdaq - Delayed Quote USD

Nile Frontier and Emerging Institutional (NFRNX)

7.68 0.00 (0.00%)
At close: December 31 at 6:45 PM EST

Fund Summary

The investment seeks to provide long term capital appreciation. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of Frontier market issuers or Emerging market issuers directly or through ETFs that invest primarily in securities of Frontier or Emerging market issuers. It seeks to achieve its investment objective by investing opportunistically in a focused portfolio of investments in the equity, fixed income, cash and cash equivalent asset classes. It is non-diversified.

Nile Frontier and Emerging Institutional

Nile Capital Investment Trust116 Village Blvd, Suite 200Princeton, NJ 8540
877-682-3742

Fund Overview

Category Diversified Emerging Mkts
Fund Family Nile Capital Investment Trust
Net Assets 388.56k
YTD Return -16.22%
Yield 0.00%
Morningstar Rating --
Inception Date Dec 31, 2013

Fund Operations

Last Dividend 0.00
Last Cap Gain 0.00
Holdings Turnover 275.00%
Average for Category --

Fees & Expenses

Expense NFRNX Category Average
Annual Report Expense Ratio (net) 2.25% 1.23%
Prospectus Net Expense Ratio 2.27% --
Prospectus Gross Expense Ratio 12.15% --
Max 12b1 Fee 0.00% --
Max Front End Sales Load -- 5.18%
Max Deferred Sales Load -- 1.16%
3 Yr Expense Projection 2,550 --
5 Yr Expense Projection 4,551 --
10 Yr Expense Projection 8,428 --

Management Information

Larry Seruma, Lead Manager since December 31, 2013
Larry Seruma is the Managing Principal of Nile Capital Management LLC, the Advisor of the Nile Africa Funds. Mr. Seruma has over 20 years of experience in portfolio management, investment research and quantitative investment strategies. In 2004, Mr. Seruma founded Nile Capital Management, where he began his tenure as Portfolio Manager for the Nile Master Fund, a global long/short equity hedge fund. In 2005, the Nile Fund was integrated into Proxima Alfa Investments (USA) LLC (formerly VegaPlus Capital Partners), a subsidiary of Banco Bilbao Vizcaya Argentaria, and Mr. Seruma was named one of the firm's Managing Directors. Currently, Nile Capital Management serves as the Advisor for the Nile Africa Funds, which seek opportunities for investment across the Africa continent. Prior to founding Nile Capital Management, Mr. Seruma was a Principal at Barclays Global Investors (BGI), a division of Barclays Capital. He was a member of the Active Strategies Group there and also a member of BGI Investment Process Committee. Early in his career, Mr. Seruma was an Options Market Maker in the Exchange pits at the Chicago Board of Options Exchange. Mr. Seruma has authored several articles on investments in Africa and other emerging/frontier markets, and has been featured in many leading financial publications. He is also the author of www.moneywatchafrica.com, a financial blog focused on understanding Africa investment opportunities. He received an MBA in Analytic Finance and Statistics from the Booth School of Business, The University of Chicago, in 1996.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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