Global Emerging Markets Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, Global Emerging Markets Fund held 77 positions with $7.75B in net assets. Its ten largest holdings made up 46.0% of the fund. The PEAPX share class costs 1.56% a year. Over the 12 months to May 2026, PEAPX returned 51.4%, with dividends reinvested. In 2026 Q3 it added 7 new positions and exited 11.
The Fund seeks long-term growth of capital.
The fund seeks long-term growth of capital and is non-diversified, meaning it may concentrate a higher percentage of assets in individual issuers than a diversified fund would. Because the fund's holdings are concentrated in fewer issuers, changes in the value of a single investment could produce greater fluctuations in share price.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 16.40% | $1.27B | 18.3M | $69.42 |
Samsung Electronics Co Ltd | 8.14% | $631.47M | 4.2M | $150.59 |
SK hynix Inc | 4.41% | $342.10M | 383.6K | $891.77 |
Tencent Holdings Ltd | 3.79% | $294.01M | 4.8M | $60.73 |
Delta Electronics Inc | 2.57% | $198.95M | 2.8M | $70.13 |
Alibaba Group Holding Ltd | 2.50% | $193.55M | 11.7M | $16.48 |
HDFC Bank Ltd | 2.25% | $174.06M | 21.3M | $8.18 |
AIA Group Ltd | 2.22% | $172.15M | 15.7M | $10.98 |
Banco BTG Pactual SA | 1.88% | $146.09M | 12.2M | $12.00 |
ICICI Bank Ltd | 1.82% | $140.89M | 10.5M | $13.42 |
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.
All 77 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 | 99.68% |
| Cash & short-term | 0.15% |
How it has done
PEAPX share class · total returns with dividends reinvested
Volatility over the last 12 months: 18.81%. 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.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.56% | +51.35% | +92.54% | +40.04% | -10.12% | |
| — | — | — | — | — | |
| 1.25% | +51.80% | +94.15% | +42.15% | -10.06% | |
| — | — | — | — | — | |
| 1.11% | +52.08% | +95.37% | +43.53% | -10.02% | |
| 1.31% | +51.77% | +94.19% | +42.13% | -10.07% | |
| 1.45% | +51.59% | +93.43% | +41.15% | -10.07% | |
| 1.00% | +52.22% | +95.89% | +44.22% | -10.02% |
Fees & fund details
Global 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
- Features
- Non-diversified
- Expense ratio, by class
- 1.00% – 1.56%· PEAPX 1.56%
- Portfolio turnover
- 32.30% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
7 new
11 exited· the largest 8
Understand how this fund fits with the rest.
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