Ninety One Emerging Markets Equity Fund
Data updated: 2025-03-31
C000205962 — Ninety One Emerging Markets Equity Fund. Emerging Markets Mid Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000205962 Fund Overview
Ninety One Emerging Markets Equity Fund is a US mutual fund managed by Advisors' Inner Circle Fund III, categorised as Emerging Markets Mid 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 III
- Category: Emerging Markets Mid Cap Blend / Core Equity
- Assets under management: $340.13M
- 1-year return: 19.3%
- SEC CIK: 0001593547
- SEC series ID: S000063565
- Share class ID: C000205962
C000205962 Investment Objective and Strategy
Ninety One Emerging Markets Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund III.
Investment objective
"The Investec Emerging Markets Equity Fund (the ""Fund"") seeks long-term capital growth."
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies, and in other instruments, such as shares of exchange-traded funds (""ETFs""), that have economic characteristics similar to such securities. This investment policy may be changed by the Fund upon 60 days' prior written notice to shareholders. The equity securities in which the Fund invests are primarily common stocks, but may also include preferred stock, American Depositary Receipts (""ADRs""), European Depositary Receipts (""EDRs"") and Global Depositary Receipts (""GDRs"" and, together with ADRs and EDRs, ""Depositary Receipts""). The Fund may invest in securities of companies with any market capitalization. The Fund typically invests in securities of approximately 70-100 companies.
Emerging market countries are countries that (i) major international financial institutions, such as the International Monetary Fund and the World Bank, consider to be less economically mature than developed nations, such as the United States or most nations in Western Europe or (ii) are represented in the MSCI Emerging Markets Index, the Fund's benchmark index. Emerging market countries can include every nation in the world except the United States, Canada, Japan, Australia, New Zealand and countries located in Western Europe with an average Gross Domestic Product per person of $20,000 or more at the time of investment, which as of the date of this prospectus includes Austria, Belgium, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, Malta, Netherlands, Norway, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom.
The Fund considers a company to be an emerging market company if: (i) its principal securities trading market is in an emerging market country, (ii) alone or on a consolidated basis it derives 50% or more of its annual revenue or profits from goods produced, sales made or services performed in emerging market countries or has at least 50% of its assets in emerging markets countries or (iii) it is organized under the laws of, or has a principal office in, an emerging market country. By applying this test, it is possible that a particular company could be deemed to be located in more than one country. A company that is deemed to be located in both an emerging market country and a non-emerging market country may be considered by the Fund to be an emerging market company. From time to time, the Fund may invest a significant amount of its assets in a particular country, such as the People's Republic of China (""China"").
The Fund may invest in A Shares of companies incorporated in China (""China A Shares"") that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai Hong Kong and Shenzhen Hong Kong Stock Connect programs (""Stock Connect""). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China. The Fund may also invest in China through H Shares, which are shares of companies incorporated in China that are traded on the Hong Kong Stock Exchange. In selecting investments to buy for the Fund, the Adviser combines a proprietary screening process with a fundamental research process to seek to identify high quality, attractively valued companies with improving operating performance that are receiving increasing investor attention as evidenced by stock price momentum which the Adviser measures by analyzing current stock price as compared to longer term moving averages of such stock price.
The Adviser may sell a stock if the investment case is no longer valid, the stock reaches its fair value or the Adviser identifies a better investment opportunity. The Fund is classified as ""non-diversified,"" which means that it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund."
C000205962 Holdings
Top 10 holdings of Ninety One Emerging Markets Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 11.83% |
| Tencent Holdings Limited | 5.34% |
| Xiaomi Corporation | 2.37% |
| Meituan | 2.25% |
| Reliance Industries Limited | 1.83% |
| SK hynix Inc. | 1.82% |
| China Construction Bank Corporation | 1.64% |
| MediaTek Inc. | 1.63% |
| Ping An Insurance (Group) Company of China, Ltd. | 1.59% |
| Samsung Electronics Co., Ltd. | 1.59% |
C000205962 Portfolio Allocation
Asset-class allocation of Ninety One Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
C000205962 Performance
Total returns for C000205962 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 19.3% |
| 3 years (annualised) | -0.4% |
C000205962 Risk Information
Risk metrics for C000205962, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
C000205962 Costs and Fees
C000205962 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 1.09%
- Portfolio turnover: 48%
- Brokerage commissions: 9.04 bps of average net assets (SEC N-CEN)
C000205962 Cashflows
Over the 12 months to 2025-01, Ninety One Emerging Markets Equity Fund had net inflows of $22.66M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-01 | $2.04M |
| 2024-12 | $9.24M |
| 2024-11 | −$670.80K |
| 2024-10 | $8.18M |
| 2024-09 | $2.19M |
| 2024-08 | −$3.18M |
C000205962 Debt Constituents
No individual debt constituents are reported in Ninety One Emerging Markets Equity Fund's latest SEC N-PORT filing.
C000205962 Prospectus and SEC Filings
Official Ninety One Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-28
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus supplement (497) — filed 2022-03-02
- Portfolio holdings (N-PORT) — filed 2025-03-31
- Portfolio holdings (N-PORT) — filed 2024-12-30
- Portfolio holdings (N-PORT) — filed 2024-09-30
- Annual census (N-CEN) — filed 2025-01-13
- Annual census (N-CEN) — filed 2024-01-12
Related Funds
Other Emerging Markets Mid 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.