RS Emerging Markets Fund

Scorecard
2 / 5 Stars
Lipper
3 2 1 4 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
TheStreet.com
E (Sell)

Fund Holdings

Twenty-five percent of the fund’s assets are packed into its top ten holdings. Its top holding is an emerging markets index fund. Financials make up a quarter of the fund’s assets, which isn’t unusual for its category. Management is not afraid to invest in frontier markets, such as Mozambique, where it owns a sizable share of industrial company Kenmare Resources. Also, the fund flirts with arbitrage and derivatives by holding more than 12 million Hong Kong Dollars as of June 30, 2010.

Asset Allocation

% Long % Short % Net
Cash 1.48 0.0 1.48
Stocks 0.0 0.0 0.0
Bonds 0.0 0.0 0.0
Other 1.17 0.02 1.16
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 95.61 0.0 95.61
Convertible 0.0 0.0 0.0
Preferred 1.76 0.0 1.76

Updated 12.31.2012

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 12.31.2012

Ticker YTD Return % % Net Assets
Samsung Electronics Co Ltd SSNLF 0.0 5.23
China Mobile Ltd. 00941 --- 4.5
Dragon Oil PLC DGO --- 3.93
Taiwan Semiconductor Manufacturing 2330 --- 3.54
Hon Hai Precision Ind. Co., Ltd. 2317 --- 2.54
Sberbank of Russia OJSC ADR SBRCY 2.39 2.4
America Movil, S.A.B. de C.V. ADR AMX -10.11 2.26
Tullow Oil PLC TUWLF -26.1 2.2
Mahindra & Mahindra Ltd. M&M --- 2.16
China Life Insurance Co., Ltd. 2823 --- 2.01

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