JPMorgan Emerging Markets Equity Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, JPMorgan Emerging Markets Equity Fund held 94 positions with $10.94B in net assets. Its ten largest holdings made up 42.8% of the fund. The JEMSX share class costs 0.94% a year. Over the 12 months to May 2026, JEMSX returned 64.4%, with dividends reinvested. In 2026 Q3 it added 10 new positions and exited 14.
The Fund seeks to provide high total return.
The fund invests at least 80% of assets in equity securities of emerging-market companies and those deriving at least half their revenues or assets from emerging markets, with the adviser emphasizing undervalued securities identified through a five-year forward return analysis and longer-term business growth assessment. The fund may overweight or underweight countries relative to the MSCI Emerging Markets Index based on individual security selection rather than country allocation decisions. Because security selection drives returns and country weightings are secondary, the fund's performance may diverge materially from the index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co. Ltd. | 12.12% | $1.33B | 19.1M | $69.42 |
SK Hynix, Inc. | 8.73% | $955.37M | 1.1M | $891.77 |
Samsung Electronics Co. Ltd. | 5.14% | $562.47M | 3.7M | $150.59 |
TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 3.62% | $395.38M | 998.3K | $396.06 |
Tencent Holdings Ltd. | 3.40% | $371.87M | 6.1M | $60.73 |
Hanwha Aerospace Co. Ltd. | 2.60% | $284.73M | 298.0K | $955.37 |
Delta Electronics, Inc. | 1.91% | $208.62M | 3.0M | $70.13 |
BABAAlibaba Group Holding Ltd. | 1.84% | $201.15M | 1.5M | $131.88 |
Elite Material Co. Ltd. | 1.73% | $189.22M | 1.3M | $149.00 |
Banco Bilbao Vizcaya Argentaria SA | 1.71% | $186.90M | 8.5M | $22.08 |
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 94 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 | 100.10% |
| Cash & short-term | 1.86% |
How it has done
JEMSX share class · total returns with dividends reinvested
Volatility over the last 12 months: 21.23%. 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 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.94% | +64.40% | +97.77% | +31.70% | -12.69% | |
| 0.91% | +64.59% | +98.37% | +32.34% | -12.69% | |
| 1.19% | +64.00% | +96.32% | +30.04% | -12.75% | |
| 1.69% | +63.23% | +93.39% | +26.85% | -12.88% | |
| 0.74% | +64.72% | +98.97% | +33.01% | -12.67% | |
| 0.84% | +64.56% | +98.39% | +32.33% | -12.67% | |
| 1.49% | +63.51% | +94.54% | +28.11% | -12.80% | |
| 1.24% | +63.93% | +95.98% | +29.72% | -12.76% | |
| 0.99% | +64.34% | +97.48% | +31.35% | -12.69% |
These classes hold the same portfolio, so the 6.15pp spread over 5 years is the cost difference between them — roughly 1.23pp a year — not a difference in what they own.
Fees & fund details
JPMorgan Emerging Markets Equity 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
- 0.74% – 1.69%· JEMSX 0.94%
- Portfolio turnover
- 55.00% 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.
10 new· the largest 8
14 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 — JEMSX, QQQ and the fund in my 401(k)?”
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