ARGA Emerging Markets Value Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, ARGA Emerging Markets Value Fund held 87 positions with $2.11B in net assets. Its ten largest holdings made up 27.8% of the fund. The ARMVX share class costs 1.22% a year. Over the 12 months to May 2026, ARMVX returned 51.6%, with dividends reinvested. In 2026 Q2 it added 30 new positions and exited 10.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Tencent Holdings Limited | 4.02% | $84.79M | 1.5M | $55.18 |
CHINA JUSHI CO., LTD | 2.99% | $63.07M | 5.8M | $10.82 |
Inner Mongolia Yili Industrial Group Co., Ltd. | 2.93% | $61.73M | 17.5M | $3.53 |
Banco do Brasil S.A | 2.76% | $58.24M | 15.1M | $3.86 |
Haier Smart Home Co., Ltd. | 2.72% | $57.27M | 19.0M | $3.02 |
Taiwan Semiconductor Manufacturing Company Limited | 2.71% | $57.04M | 723.0K | $78.89 |
YAGEO CORPORATION | 2.57% | $54.13M | 1.5M | $36.48 |
Samsung Electronics Co., Ltd. | 2.43% | $51.29M | 231.2K | $221.90 |
State Bank of India | 2.42% | $51.07M | 4.7M | $10.86 |
HDFC BANK LIMITED | 2.25% | $47.41M | 5.6M | $8.44 |
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.
All 87 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| 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%.
How it has done
ARMIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 23.95%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
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
- Expense ratio, by class
- 0.82% – 1.22%· ARMVX 1.22%
- Portfolio turnover
- 33.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
30 new· the largest 8
10 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — ARMVX, QQQ and the fund in my 401(k)?”
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