# Portfolio overlap — IPOCX vs VCGEX

Comparing **Nomura Systematic Emerging Markets Equity Fund** (2026-03-31) and **Emerging Economies Fund** (2026-02-28).

- Shared positions: 56
- Nomura Systematic Emerging Markets Equity Fund covered by Emerging Economies Fund: 0.4052599165914895261998061353
- Emerging Economies Fund covered by Nomura Systematic Emerging Markets Equity Fund: 0.4052599165914895261998061352

## Nomura Systematic Emerging Markets Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.166716 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.071138 | ✓ |
| TENCENT HOLDINGS LTD | 0.042045 | ✓ |
| PETROBRAS-PREF | 0.032001 | ✓ |
| PZU | 0.029217 | ✓ |
| SK HYNIX INC | 0.026706 | ✓ |
| NETEASE INC | 0.024306 | ✓ |
| BANK OF CHINA-H | 0.024190 | ✓ |
| PICC P&C-H | 0.023698 | ✓ |
| FIRSTRAND LTD | 0.022148 | ✓ |
| GEELY AUTOMOBILE | 0.021520 | ✓ |
| MTN GROUP LTD | 0.021506 | ✓ |
| LG UPLUS CORP | 0.020015 |  |
| ICBC-H | 0.018430 | ✓ |
| CCB-H | 0.017764 | ✓ |
| BHARAT PETROL | 0.015945 | ✓ |
| HON HAI | 0.015340 | ✓ |
| EMAAR PROP PJSC | 0.015304 | ✓ |
| CITIC | 0.015246 | ✓ |
| KOREA SHIPBUILDI | 0.015167 | ✓ |
| EMAAR DEVELOPMENT PJSC COMMON STOCK AED1.0 | 0.014178 | ✓ |
| YUTONG BUS CO-A | 0.013194 |  |
| DELTA ELEC | 0.013039 | ✓ |
| BRADESCO SA-PREF | 0.013020 | ✓ |
| INDIAN OIL CORP | 0.012591 | ✓ |
| ACCTON TECH | 0.012494 | ✓ |
| INFOSYS LTD COMMON STOCK | 0.012158 | ✓ |
| BRADESCO SA | 0.011700 |  |
| HERO MOTOCORP LT | 0.011427 | ✓ |
| BABA-W | 0.010838 | ✓ |
| KOREA ELEC POWER | 0.010831 | ✓ |
| KB FINANCIAL GRO | 0.009474 | ✓ |
| MOL | 0.009427 |  |
| TURKCELL | 0.008840 |  |
| ASUSTEK COMPUTER | 0.007461 | ✓ |
| CHINA TAIPING IN | 0.007400 |  |
| JD LOGISTICS INC | 0.007232 | ✓ |
| BB SEGURIDADE PA | 0.007081 |  |
| CHINA CONST BA-A | 0.006902 | ✓ |
| HINDUSTAN PETRO | 0.006504 | ✓ |
| WEICHAI POWER-A | 0.006380 | ✓ |
| KIA CORP | 0.006206 | ✓ |
| PORTO SEGURO SA | 0.005808 |  |
| Receive CHINA AIRLINES Pay Overnight Rate -2.75 | 0.005644 | ✓ |
| PGE SA | 0.005586 | ✓ |
| HARMONY GOLD MNG | 0.005508 | ✓ |
| CANARA BANK | 0.005431 |  |
| PKOBP | 0.005406 | ✓ |
| SK TELECOM | 0.005405 |  |
| VALE SA | 0.005322 | ✓ |

## Emerging Economies Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.133261 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.064938 | ✓ |
| TENCENT HOLDINGS LTD | 0.040761 | ✓ |
| SK HYNIX INC | 0.038957 | ✓ |
| BABA-W | 0.024037 | ✓ |
| State Street Navigator Securities Lending Portfolio II | 0.016468 |  |
| HON HAI | 0.011260 | ✓ |
| HDFC BANK LTD | 0.010032 |  |
| DELTA ELEC | 0.009045 | ✓ |
| CCB-H | 0.008489 | ✓ |
| ICICI BANK LTD | 0.007413 |  |
| MEDIATEK | 0.007285 | ✓ |
| PING AN-H | 0.007170 |  |
| ITAU UNIBAN-PREF | 0.007062 |  |
| AL RAJHI BANK | 0.006864 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.006191 |  |
| FIRSTRAND LTD | 0.006062 | ✓ |
| MALAYAN BANKING | 0.006011 |  |
| CAPITEC BANK HOLDINGS LTD COMMON STOCK | 0.005791 |  |
| ANGLOGOLD ASHANTI PLC | 0.005728 |  |
| BHARTI AIRTEL LIMITED | 0.005651 |  |
| SAMSUNG ELEC VTG GDR REGS | 0.005478 |  |
| ZIJIN MINING-H | 0.005418 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.005346 |  |
| OTP BANK (REG) | 0.005128 |  |
| ICBC-H | 0.005053 | ✓ |
| EMAAR PROP PJSC | 0.004987 | ✓ |
| INFOSYS LTD COMMON STOCK | 0.004956 | ✓ |
| PZU | 0.004945 | ✓ |
| GRUPO MEXICO-B | 0.004890 |  |
| BANK OF CHINA-H | 0.004816 | ✓ |
| PDD HOLDINGS INC ADR | 0.004491 |  |
| SAMSUNG SECS CO | 0.004484 |  |
| PETROBRAS-PREF | 0.004420 | ✓ |
| GRUPO F BANORT-O | 0.004417 |  |
| XIAOMI CORP-W | 0.004313 |  |
| ASE TECHNOLOGY H | 0.004266 |  |
| LARSEN and TOUBRO LTD | 0.004216 |  |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.004122 |  |
| BANK CENTRAL ASI | 0.004081 |  |
| QATAR NATIONAL B | 0.003997 |  |
| VALE SA | 0.003907 | ✓ |
| PETROCHINA-H | 0.003876 |  |
| KB FINANCIAL GRO | 0.003848 | ✓ |
| JIANGSU HENGRU-A | 0.003805 |  |
| GOLD FIELDS LTD | 0.003795 |  |
| TRIPOD TECH CORP | 0.003718 |  |
| BAOSHAN IRON &-A | 0.003590 |  |
| VEDANTA LTD | 0.003540 |  |
| PING AN INSURA-A | 0.003450 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-022038` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/883622/000094040026022038/0000940400-26-022038-index.htm>
- N-PORT (fund B) — accession `0001410368-26-041616` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/719423/000141036826041616/0001410368-26-041616-index.htm>

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