CAUSEWAY EMERGING MARKETS FUND
CAUSEWAY CAPITAL MANAGEMENT TRUST · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
CAUSEWAY EMERGING MARKETS 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 Q1
The Funds investment objective is to seek long-term growth of capital.
The fund uses a proprietary quantitative model to select equity securities in emerging markets, analyzing stock-specific factors such as valuation, growth, and technical indicators alongside macroeconomic and country-sector considerations, with valuation receiving the highest weight. The fund maintains country exposures within 5 percentage points of the MSCI Emerging Markets Index and invests across ten or more emerging markets, with up to 10% permitted in less-developed frontier markets. Because security selection depends on the model's outputs, which may diverge from index weightings, fund performance will differ from the benchmark.
| Share class | Gross | Net | As of |
|---|---|---|---|
| CEMVX | 1.34% | 1.35% | 2025 Q1 |
| CEMIX | 1.09% | 1.10% | 2025 Q1 |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 92.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 93.10% |
| Cash & short-term | 3.32% |
| Bonds | 3.24% |
| Derivatives | 3.01% |
Look-through blends 1 underlying fund; 0.773% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q3, one or more quarters before the direct holdings (2026Q2).
Latest quarter
What changed since the fund's previous filing
Largest new: SK Square Co., Ltd., SAMSUNG ELECTRO-MECHANICS CO.,LTD, Saudi Arabian Oil Company, NTES, KASIKORNBANK PUBLIC COMPANY LIMITED, INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, VEDANTA ALUMINIUM METAL LIMITED, MediaTek Inc.
Largest exited: Ping An Insurance (Group) Company of China, Ltd., PDD Holdings Inc., JBS N.V., NEW CHINA LIFE INSURANCE COMPANY LTD., REC LIMITED, TURK HAVA YOLLARI ANONIM ORTAKLIGI, The People's Insurance Company (Group) of China Limited, INFOSYS LIMITED
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +29.36% | +70.47% | +35.27% | 17.96% | -10.38% | |
| +29.85% | +72.02% | +36.93% | 17.98% | -10.31% |
These classes hold the same portfolio, so the 1.66pp spread over 5 years is the cost difference between them — roughly 0.33pp a year — not a difference in what they own.
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.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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 |
|---|---|---|---|---|---|
| — | Taiwan Semiconductor Manufacturing Company Limited | 12.10% | $78.89 | $510.58M | 6.5M |
| — | Samsung Electronics Co., Ltd. | 10.40% | $221.90 | $438.60M | 2.0M |
| — | SK hynix Inc. | 4.55% | $1,764.58 | $192.14M | 108.9K |
| — | SK Square Co., Ltd. | 4.20% | $1,130.86 | $177.16M | 156.7K |
| — | N/A | 2.93% | — | $123.75M | — |
| — | Tencent Holdings Limited | 2.74% | $55.18 | $115.56M | 2.1M |
| — | N/A | 2.72% | — | $114.75M | — |
| — | CHINA CONSTRUCTION BANK CORPORATION | 2.39% | $1.03 | $100.98M | 97.9M |
| TSM | Taiwan Semiconductor Manufacturing Company LimitedTSM | 2.02% | $477.57 | $85.28M | 178.6K |
| — | DELTA ELECTRONICS, INC. | 1.77% | $62.80 | $74.74M | 1.2M |
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 45.83% of net assets, top 25 60.72%, across 175 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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