Investment objective & strategy
As of Dec. 27, 2023 · prospectusObjective. The Fund seeks long-term growth of capital.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies at the time of purchase. The Fund considers a security to be tied economically to an emerging market if one or more of the following criteria is present: (i) the issuer or guarantor of the security has its principal place of business or principal office in an emerging market; (ii) the principal trading market for the security is in an emerging market; (iii) the issuer or guarantor of the security derives a majority of its revenue from emerging markets; or (iv) the currency of settlement of the security is the currency of an emerging … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies at the time of purchase. The Fund considers a security to be tied economically to an emerging market if one or more of the following criteria is present: (i) the issuer or guarantor of the security has its principal place of business or principal office in an emerging market; (ii) the principal trading market for the security is in an emerging market; (iii) the issuer or guarantor of the security derives a majority of its revenue from emerging markets; or (iv) the currency of settlement of the security is the currency of an emerging market. Emerging market means any market that is considered to be an emerging market by the international financial community (including the MSCI Emerging Markets Index or Bloomberg Emerging Markets USD Aggregate Bond Index). The Fund invests in equity securities of small, medium, and large market capitalization companies and in growth and value stocks.
Top holdings
As of Nov. 30, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $27.18M | 12.15% |
| TENCENT HOLDINGS LTD | — | $15.65M | 7.00% |
| ICICI BANK LTD | — | $7.32M | 3.27% |
| STATE BANK IND | — | $6.46M | 2.89% |
| XIAOMI CORP-W | — | $6.33M | 2.83% |
| KIA CORP | — | $4.67M | 2.09% |
| BHARAT ELECTRON | — | $4.51M | 2.02% |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | — | $4.31M | 1.93% |
| MAHINDRA & MAHIN | — | $3.92M | 1.75% |
| POP MART INTERNA | — | $3.58M | 1.60% |
Portfolio moves
Aug 31, 2024 → Nov 30, 2024How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| SSGA Emerging Markets Enhanced Index Portfolio II | 34% | 0.96% |
| Ninety One Emerging Markets Equity Fund | 34% | 0.85% |
| Victory Sophus Emerging Markets Fund | 32% | 0.89% |
Advisers
| Firm | Role |
|---|---|
| Principal Global Investors, LLC | Adviser |
| Origin Asset Management LLP | Sub-adviser |
Footnotes
- Expense ratio as of December 27, 2023, from the fund's prospectus.
- Net assets and holdings count as of November 30, 2024, from the fund's N-PORT filing.
- Total return for calendar year 2023, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2023 (the latest prospectus does not yet chart this year).
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