AEMGX — Acadian Emerging Markets Portfolio, Investor Class
Data updated: 2026-09-28
AEMGX — Acadian Emerging Markets Portfolio, Investor Class. 1.31% expense ratio · since 1993. Holdings, fees, performance and SEC filings.
AEMGX Fund Overview
AEMGX — Acadian Emerging Markets Portfolio, Investor Class is a US mutual fund managed by Advisors' Inner Circle Fund, categorised as Emerging Markets Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors' Inner Circle Fund
- Category: Emerging Markets Large Cap Blend / Core Equity
- Assets under management: $1.73B
- 1-year return: 35.0%
- Ticker: AEMGX
- SEC CIK: 0000878719
- SEC series ID: S000005712
- Share class ID: C000015706
AEMGX Investment Objective and Strategy
Acadian Emerging Markets Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund.
Investment objective
"The Acadian Emerging Markets Portfolio (the ""Fund"") seeks long-term capital appreciation by investing primarily in common stocks of emerging market country issuers."
Principal investment strategy
"The Fund will invest primarily in common stocks but also may invest in other types of equity securities, including preferred stock. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of issuers that at the time of initial purchase: Have their principal securities trading market in an emerging market country; Alone or on a consolidated basis derive 50% or more of annual revenue from goods produced, sales made or services performed in emerging market countries; or Are organized under the laws of, and have a principal office in, an emerging market country. This investment policy may be changed by the Fund upon 60 days' prior written notice to shareholders. An ""emerging market country"" is any country that is included in the Morgan Stanley Capital International Emerging Markets Index (the ""Index"") or that is publicly announced to be added to the Index.
The Fund may also invest in securities of issuers located in industrialized countries. Foreign securities include securities of companies located outside the United States, American Depositary Receipts (""ADRs""), Global Depositary Receipts (""GDRs"") and exchange traded funds that invest in foreign securities. ADRs are certificates evidencing ownership of shares of a foreign issuer that are issued by depositary banks and traded on U.S. exchanges. GDRs are similar to ADRs, except that European banks or trust companies typically issue them. The Fund also may invest in securities issued by small capitalization companies. In selecting investments for the Fund, Acadian Asset Management LLC (the ""Adviser"" or ""Acadian"") pursues an active, disciplined investment approach that forecasts markets and securities using a range of quantitative factors related to valuation, earnings, quality, price patterns, economic data and risk.
Buy and sell decisions are made objectively and driven by changes in expected returns on investments. In making buy and sell decisions, Acadian analyzes the risk and expected return characteristics of the portfolio's current holdings as compared to the entire universe of institutionally investable companies with sufficient liquidity and data availability. Less attractive securities are discarded from the portfolio while more attractive securities are added, provided that the cost of the purchase and sale of such securities do not exceed the expected value added to the portfolio of such investment decisions."
AEMGX Holdings
Top 10 holdings of Acadian Emerging Markets Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 13.79% |
| Samsung Electronics Co., Ltd. | 6.57% |
| SK hynix Inc. | 4.09% |
| MediaTek Inc. | 2.18% |
| China Construction Bank Corporation | 2.08% |
| Delta Electronics, Inc. | 1.63% |
| iShares MSCI Emerging Markets ETF | 1.51% |
| Hana Financial Group Inc. | 1.28% |
| Petroleo Brasileiro S.A. (Petrobras) | 1.12% |
| KB Financial Group Inc. | 1.07% |
AEMGX Portfolio Allocation
Asset-class allocation of Acadian Emerging Markets Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.5% |
| Cash & Equivalents | 0.4% |
AEMGX Performance
Total returns for AEMGX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.15% |
| 1 year | 35.04% |
| 3 years (annualised) | 21.74% |
| 5 years (annualised) | 10.95% |
AEMGX Risk Information
Risk metrics for AEMGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.41%
AEMGX Costs and Fees
AEMGX costs about $131 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.31%
- Gross expense ratio: 1.32%
- Portfolio turnover: 75%
- Brokerage commissions: 4.18 bps of average net assets (SEC N-CEN)
AEMGX Cashflows
Over the 12 months to 2026-07, Acadian Emerging Markets Portfolio had net inflows of $198.65M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $7.25M |
| 2026-06 | $30.72M |
| 2026-05 | $53.57M |
| 2026-04 | −$3.60M |
| 2026-03 | $41.95M |
| 2026-02 | $19.69M |
AEMGX Debt Constituents
Largest debt holdings of Acadian Emerging Markets Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Vale S.a. | 0.00% |
AEMGX Prospectus and SEC Filings
Official Acadian Emerging Markets Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-29
- Portfolio holdings (N-PORT) — filed 2026-04-01
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Emerging Markets Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.