ARGA Emerging Markets Value Fund
ADVISORS' INNER CIRCLE III · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
ARGA Emerging Markets Value Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The ARGA Emerging Markets Value Fund (the Fund) seeks long-term capital appreciation.
The fund invests at least 80% of assets in emerging and frontier market equities selected through a value screen: the adviser ranks companies by price-to-earnings, price-to-book, dividend yield, and earnings yield, then applies fundamental research using a dividend discount model to identify securities trading at a discount to intrinsic value. The fund's returns depend on the adviser's forecasts of long-term earnings power and dividend capacity, which may prove inaccurate.
| Share class | Expense ratio |
|---|---|
| ARMVX | 1.22% |
| ARMIX | 0.82% |
Portfolio turnover 33.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 94.23% |
| Cash & short-term | 0.00% |
These positions come to 94.23% of net assets. Not everything a fund owns is reported as a holding — uninvested cash is collected at fund level instead — so the total is not expected to reach 100%.
Latest quarter
What changed since the fund's previous filing
Largest new: Inner Mongolia Yili Industrial Group Co., Ltd., Haier Smart Home Co., Ltd., State Bank of India, CHINA RESOURCES LAND LIMITED, Itau Unibanco Holding S.A., Zoomlion Heavy Industry Science And Technology Co., Ltd, Realtek Semiconductor Corporation, PICC Property and Casualty Company Limited
Largest exited: MediaTek Inc., SK hynix Inc., HENGLI PETROCHEMICAL CO., LTD., LVS, SK Square Co., Ltd., GLOBANT S.A., MTN GROUP LIMITED, BROWN BROTHERS HARRIMAN & CO.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Tencent Holdings Limited | 4.02% | $55.18 | $84.79M | 1.5M |
| — | CHINA JUSHI CO., LTD | 2.99% | $10.82 | $63.07M | 5.8M |
| — | Inner Mongolia Yili Industrial Group Co., Ltd. | 2.93% | $3.53 | $61.73M | 17.5M |
| — | Banco do Brasil S.A | 2.76% | $3.86 | $58.24M | 15.1M |
| — | Haier Smart Home Co., Ltd. | 2.72% | $3.02 | $57.27M | 19.0M |
| — | Taiwan Semiconductor Manufacturing Company Limited | 2.71% | $78.89 | $57.04M | 723.0K |
| — | YAGEO CORPORATION | 2.57% | $36.48 | $54.13M | 1.5M |
| — | Samsung Electronics Co., Ltd. | 2.43% | $221.90 | $51.29M | 231.2K |
| — | State Bank of India | 2.42% | $10.86 | $51.07M | 4.7M |
| — | HDFC BANK LIMITED | 2.25% | $8.44 | $47.41M | 5.6M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 27.80% of net assets, top 25 53.54%, across 77 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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