# Portfolio overlap — ZEMAX vs MACEX

Comparing **American Beacon Ninety One Emerging Markets Equity Fund** (2026-02-28) and **ClearBridge Emerging Markets Fund** (2026-03-31).

- Shared positions: 17
- American Beacon Ninety One Emerging Markets Equity Fund covered by ClearBridge Emerging Markets Fund: 0.4606574558054884182837135508
- ClearBridge Emerging Markets Fund covered by American Beacon Ninety One Emerging Markets Equity Fund: 0.4606574558054884182837135507

## American Beacon Ninety One Emerging Markets Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.143074 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.085984 | ✓ |
| SK HYNIX INC | 0.050013 | ✓ |
| TENCENT HOLDINGS LTD | 0.042397 | ✓ |
| American Beacon U.S. Government Money Market Fund | 0.030550 |  |
| BABA-W | 0.026835 | ✓ |
| GRUPO MEXICO-B | 0.016601 |  |
| DELTA ELEC | 0.016561 | ✓ |
| ASELSAN | 0.015797 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.015271 | ✓ |
| KIA CORP | 0.014152 |  |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.013915 | ✓ |
| HDFC BANK LTD | 0.013730 |  |
| ACCTON TECH | 0.013387 |  |
| LG CHEM LTD | 0.012819 |  |
| VALTERRA PLATINU | 0.012737 |  |
| MEDIATEK | 0.012606 | ✓ |
| CCB-H | 0.011742 |  |
| SUNGROW POWER -A | 0.011308 |  |
| CREDICORP LTD | 0.011085 |  |
| BEONE MEDICINE-H | 0.011012 |  |
| SAMSUNG C&T CORP | 0.010547 |  |
| WUXI APPTEC CO-A | 0.010544 |  |
| SHINHAN FINANCIA | 0.010521 | ✓ |
| NASPERS NPV | 0.010468 |  |
| ASE Technology Holding Company Ltd. ADR | 0.010459 |  |
| ICICI Bank Ltd | 0.010285 | ✓ |
| MTN GROUP LTD | 0.010104 |  |
| NETEASE INC | 0.010087 |  |
| ERSTE GROUP BANK | 0.010016 |  |
| VEDANTA LTD | 0.009991 |  |
| SAUDI NATIONAL B | 0.009868 |  |
| CAPITEC BANK HOLDINGS LTD COMMON STOCK | 0.009771 | ✓ |
| XP, Inc., Class A | 0.009708 |  |
| BHARTI AIRTEL LIMITED | 0.009551 |  |
| KASIKORNBANK-FOR | 0.009352 |  |
| AIA Group Ltd | 0.009316 | ✓ |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.008494 | ✓ |
| LARSEN and TOUBRO LTD | 0.008375 |  |
| SANLAM LTD COMMON STOCK | 0.008371 |  |
| ANJI MICROELEC-A | 0.008335 |  |
| BCO BTG PAC-UNIT | 0.008166 |  |
| EMAAR PROP PJSC | 0.008120 |  |
| SABESP | 0.008068 |  |
| EICHER MOTORS LTD COMMON STOCK | 0.007651 |  |
| RAIADROGASIL | 0.007513 | ✓ |
| JL MAG RARE-EA-A | 0.007355 |  |
| NATL BANK GREECE | 0.007349 |  |
| SANY HEAVY IND-A | 0.007148 |  |
| HKEX | 0.006749 |  |

## ClearBridge Emerging Markets Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.147105 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.085885 | ✓ |
| TENCENT HOLDINGS LTD | 0.063905 | ✓ |
| SK HYNIX INC | 0.054900 | ✓ |
| DELTA ELEC | 0.030183 | ✓ |
| SHINHAN FINANCIA | 0.026546 | ✓ |
| HDFC BANK LTD SPON ADR | 0.023155 |  |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.022507 |  |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.021324 | ✓ |
| CAPITEC BANK HOLDINGS LTD COMMON STOCK | 0.021303 | ✓ |
| ICICI Bank Ltd | 0.021245 | ✓ |
| SIEYUAN ELECTR-A | 0.020863 |  |
| CHINA MERCHANTS BANK-H COMMON STOCK | 0.019643 |  |
| ALIBABA GROUP HOLDING LTD SPON ADR | 0.019158 |  |
| TITAN CO LTD | 0.018672 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.017906 | ✓ |
| APOLLO HOSPITALS | 0.016872 |  |
| GOLD FIELDS LTD | 0.016295 |  |
| ANTOFAGASTA PLC | 0.015484 |  |
| AL RAJHI BANK | 0.014951 |  |
| AIA Group Ltd | 0.014598 | ✓ |
| BABA-W | 0.014330 | ✓ |
| PING AN-H | 0.013574 |  |
| GRUPO F BANORT-O | 0.012956 |  |
| WEG SA | 0.012480 |  |
| MAHINDRA & MAHIN | 0.012312 |  |
| QUANTA COMPUTER | 0.012090 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.011887 | ✓ |
| HYUNDAI ELECTRIC | 0.011778 |  |
| MEDIATEK | 0.011772 | ✓ |
| LOCALIZA RENT A CAR SA | 0.011457 |  |
| PKOBP | 0.011227 | ✓ |
| RAIADROGASIL | 0.011044 | ✓ |
| BYD COMPANY LTD H | 0.010666 |  |
| DR SULAIMAN AL H | 0.010030 |  |
| SHENZHEN INOVA-A | 0.009999 |  |
| KOTAK MAHINDRA BANK LTD | 0.009873 |  |
| ULTRATECH CEMENT | 0.009809 |  |
| TRIP.COM GROUP LTD ADR | 0.009568 |  |
| SAMSUNG HEAVY IN | 0.009280 |  |
| WALMART DE MEXIC | 0.007686 |  |
| BANK CENTRAL ASI | 0.007420 |  |
| ETIHAD ETISALAT | 0.007359 |  |
| Western Asset Institutional U.S. Treasury Reserves | 0.006989 |  |
| EASTROC BEVERA-A | 0.006867 | ✓ |
| MERCADOLIBRE INC | 0.006399 |  |
| MINTH GROUP LTD | 0.006188 |  |
| CLICKS GROUP LTD COMMON STOCK | 0.006121 |  |
| TATA CONSULTANCY VSS LTD | 0.005945 |  |
| DINO POLSKA SA | 0.004996 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-038369` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/809593/000141036826038369/0001410368-26-038369-index.htm>
- N-PORT (fund B) — accession `0000940400-26-020731` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1474103/000094040026020731/0000940400-26-020731-index.htm>

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