. At the end of April, around a quarter of the I-AM Vision Microfinance Fund's portfolio comprised the top 3 positions Uzbekistan, Mongolia and India and around 20% of the I-AM Vision Microfinance Local Currency Fund's portfolio was distributed over the top 3 countries India, Uzbekistan and Costa Rica. The fund managers follow the current volatile development closely and share with you the expected effects on the most important countries in the portfolio.