Emerging Markets Fund

American Century World Mutual Funds, Inc. · 9 share classes

Actively managed emerging-markets equity fund
One fund, 9 share classes:TWMIXAEMMXAMKIXACECXAEMRXAEDMXAEYMXAEGMXACADX
$2.03B NAV
88 positions · as of 2026-05-31 · filed 2026-07-29

Fund classification

Classified from what the fund holds · as of 2026 Q2

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 fund seeks capital growth.

Strategy · summarised

The fund invests at least 80% of its net assets in equity securities of companies located in emerging market countries, generally focusing on those in the MSCI Emerging Markets Index, and seeks stocks whose earnings, revenues, or business fundamentals are growing at an accelerating pace. The portfolio managers base decisions on analysis of individual companies rather than economic forecasts, considering factors such as headquarters location, principal operations, revenue sources, and trading market to determine country classification. Because the fund's returns depend on the portfolio managers' stock selections, performance will diverge from any index benchmark.

Expenses
0.01% 2.26%across 9 share classes
Share classGrossNet
TWMIX1.26%1.26%
AEMMX1.51%1.51%
AMKIX1.06%1.06%
ACECX2.26%2.26%
AEMRX1.76%1.76%
AEDMX0.91%0.91%
AEYMX0.91%0.91%
AEGMX1.06%1.06%
ACADX0.91%0.01%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 58.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.45%
of net assets
Stocks99.88%
Cash & short-term0.57%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 17 new15 exited

Largest new: Han's Laser Technology Industry Group Co Ltd, Ganfeng Lithium Group Co Ltd, Cummins India Ltd, Vista Energy SAB de CV, PTT Exploration & Production PCL, Aluminum Corp of China Ltd, Hiwin Technologies Corp, TVS Motor Co Ltd

Largest exited: Mahindra & Mahindra Ltd, HYBE Co Ltd, NetEase Inc, Multiplan Empreendimentos Imobiliarios SA, Beijing Geekplus Technology Co Ltd, Falabella SA, Vishal Mega Mart Ltd, Xiaomi Corp

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+63.32%+93.42%+29.15%22.42%-12.85%
+62.95%+91.87%+27.61%22.40%-12.94%
+63.73%+94.53%+30.49%22.49%-12.79%
+61.75%+87.76%+22.93%22.40%-13.05%
+62.60%+90.52%+25.98%22.48%-12.98%
+63.98%+95.39%+31.39%22.46%-12.78%
+63.95%+95.49%+31.42%22.43%-12.85%
+63.68%+94.43%+30.47%22.39%-12.78%
+65.36%+100.82%22.48%-12.58%

These classes hold the same portfolio, so the 13.06pp spread over 3 years is the cost difference between them — roughly 4.35pp a year — not a difference in what they own.

Cumulative return· Jun 2023 – Apr 2026

May 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.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Taiwan Semiconductor Manufacturing Co Ltd15.27%$309.28M
Samsung Electronics Co Ltd9.95%$201.60M
SK hynix Inc8.23%$166.66M
Tencent Holdings Ltd3.19%$64.55M
Delta Electronics Inc2.39%$48.34M
Alibaba Group Holding LtdBABA2.26%$45.69M
Samsung Electro-Mechanics Co Ltd2.07%$41.84M
China Construction Bank Corp1.84%$37.24M
Zhongji Innolight Co Ltd1.59%$32.22M
Unimicron Technology Corp1.55%$31.40M
Showing 10 of 88Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 48.33% of net assets, top 25 65.28%, across 88 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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