EMERGING MARKETS CORE EQUITY 2 PORTFOLIO
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, EMERGING MARKETS CORE EQUITY 2 PORTFOLIO held 7,635 positions with $37.86B in net assets. Its ten largest holdings made up 23.1% of the fund. The DFCEX share class costs 0.39% a year. Over the 12 months to May 2026, DFCEX returned 46.5%, with dividends reinvested. In 2026 Q3 it added 103 new positions and exited 312.
The investment objective of the Emerging Markets Core Equity 2 Portfolio (the Portfolio) is to achieve long-term capital appreciation.
The fund purchases a broad portfolio of emerging-market equity securities with meaningfully increased exposure to smaller-capitalization companies, those trading at low prices relative to book value, and those with high profitability. The Advisor adjusts these core positions based on shorter-term factors including price momentum and investment characteristics, and uses flexible trading to manage costs. Because the fund's selection criteria and the factors used to assess relative price and profitability are subject to change, the fund's holdings and performance may diverge from its long-term design.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 7.36% | $2.79B | 40.1M | $69.42 |
Samsung Electronics Co Ltd | 4.28% | $1.62B | 10.8M | $150.59 |
SK hynix Inc | 2.34% | $886.47M | 994.1K | $891.77 |
TSMTaiwan Semiconductor Manufacturing Co Ltd | 2.30% | $869.71M | 2.2M | $396.06 |
Tencent Holdings Ltd | 1.81% | $687.26M | 11.3M | $60.73 |
Dimensional Holdings Inc. | 1.41% | $533.95M | — | — |
The DFA Investment Trust Company | 1.39% | $525.56M | 45.4M | $11.57 |
Alibaba Group Holding Ltd | 1.03% | $390.00M | 23.7M | $16.48 |
Petroleo Brasileiro SA - Petrobras | 0.58% | $218.07M | 22.0M | $9.91 |
MediaTek Inc | 0.57% | $216.87M | 2.6M | $83.48 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 7,635 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 | 101.12% |
| Cash & short-term | 1.41% |
| Derivatives | 0.07% |
Derivatives are shown at market value, not notional exposure.
How it has done
DFCEX share class · total returns with dividends reinvested
Volatility over the last 12 months: 18.41%. Past returns are a record, not a forecast.
Jun 2026 and Jul 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.
Fees & fund details
EMERGING MARKETS CORE EQUITY 2 PORTFOLIO 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
- 0.39%· DFCEX 0.39%
- Portfolio turnover
- 5.00% a year · as of 2026 Q1
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.
103 new· the largest 7
312 exited· the largest 8
Understand how this fund fits with the rest.
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