AEMRX Performance — Emerging Markets Fund, R Class
Data updated: 2026-07-29
AEMRX returned +33.03% year to date and +70.18% over one year to May 2026. Annualised returns are +28.85% over 3 years and +6.20% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $214, against $186 for the category, and to $170 over one year, against $149. Volatility over the past three years was 17.35% a year. In the 12 months to May 2026 the fund lost a net $681.8M, and assets reached $2.03B.
AEMRX Growth of $100
What $100 invested in Emerging Markets Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | AEMRX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $170 | $149 |
| 3 years (Jun 2023 – May 2026) | $214 | $186 |
| 5 years (Jun 2021 – May 2026) | $135 | $145 |
| Since data start (Sep 2019 – May 2026) | $195 | $202 |
AEMRX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +33.03% |
| 1 year | +70.18% |
| 3 years (annualised) | +28.85% |
| 5 years (annualised) | +6.20% |
AEMRX Annual Returns
Calendar-year total returns of Emerging Markets Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +33.03% |
| 2025 | +34.58% |
| 2024 | +10.92% |
| 2023 | +4.95% |
| 2022 | −28.56% |
| 2021 | −6.46% |
| 2020 | +24.42% |
| 2019 (Sep–Dec) | +12.28% |
AEMRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.6% | +5.6% | −9.8% | +17.3% | +8.7% | — | — | — | — | — | — | — |
| 2025 | +0.7% | 0.0% | −0.1% | +0.7% | +3.9% | +7.8% | +1.1% | +3.9% | +6.9% | +4.5% | −1.6% | +2.8% |
| 2024 | −2.3% | +4.7% | +2.9% | −2.0% | +2.1% | +4.6% | +0.1% | +1.5% | +4.2% | −3.4% | −1.8% | +0.2% |
| 2023 | +8.9% | −8.9% | +3.2% | −1.7% | −3.2% | +4.6% | +6.0% | −6.3% | −3.6% | −3.6% | +7.7% | +3.6% |
| 2022 | −3.6% | −6.7% | −4.1% | −8.7% | +0.8% | −5.7% | −1.5% | −0.9% | −11.9% | −1.3% | +14.6% | −2.0% |
| 2021 | +3.2% | 0.0% | −2.7% | +1.3% | +1.4% | +0.9% | −5.4% | +3.1% | −5.3% | +1.7% | −5.4% | +1.3% |
| 2020 | −4.1% | −3.4% | −17.1% | +9.1% | +2.3% | +8.6% | +10.5% | +1.6% | +0.2% | +2.5% | +6.7% | +8.7% |
| 2019 | — | — | — | — | — | — | — | — | +1.6% | +4.3% | −0.7% | +6.7% |
AEMRX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 17.35%
- 3-year Sharpe ratio: 1.40 (vs 4.5% risk-free rate)
- Best month: +17.26% (Apr 2026)
- Worst month: −9.80% (Mar 2026)
AEMRX Fund Flows
Monthly money in and out of Emerging Markets Fund, from SEC Form N-PORT.
- 12-month net flow: −$681.8M
- 12-month gross sales (incl. reinvestments): $334.2M
- Sales ÷ redemptions: 0.33×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $36.0M | $76.2M | −$40.2M |
| Apr 2026 | $21.0M | $56.2M | −$35.3M |
| Mar 2026 | $33.2M | $78.4M | −$45.2M |
| Feb 2026 | $33.9M | $126.7M | −$92.8M |
| Jan 2026 | $32.3M | $70.1M | −$37.8M |
| Dec 2025 | $70.2M | $72.1M | −$1.9M |
| Nov 2025 | $17.8M | $31.9M | −$14.2M |
| Oct 2025 | $20.4M | $77.3M | −$56.9M |
| Sep 2025 | $21.2M | $203.5M | −$182.3M |
| Aug 2025 | $11.5M | $100.3M | −$88.9M |
| Jul 2025 | $12.4M | $46.0M | −$33.6M |
| Jun 2025 | $24.4M | $77.2M | −$52.8M |
AEMRX Assets Under Management
Net assets of Emerging Markets Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.03B |
| 2026-02-28 | $1.87B |
| 2025-11-30 | $1.72B |
| 2025-08-31 | $1.79B |
| 2025-05-31 | $1.74B |
| 2025-02-28 | $1.71B |
| 2024-11-30 | $1.78B |
| 2024-08-31 | $1.90B |
| 2024-05-31 | $1.95B |
| 2024-02-29 | $2.11B |
| 2023-11-30 | $2.14B |
| 2023-08-31 | $2.31B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.