DEMRX Performance — Nomura Emerging Markets Fund, Class R
Data updated: 2026-07-27
DEMRX returned +102.42% year to date and +237.63% over one year to May 2026. Annualised returns are +65.06% over 3 years and +24.73% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $450, against $186 for the category, and to $338 over one year, against $149. Volatility over the past three years was 36.59% a year. In the 12 months to May 2026 the fund lost a net $1.5B, and assets reached $14.45B.
DEMRX Growth of $100
What $100 invested in Nomura 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 | DEMRX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $338 | $149 |
| 3 years (Jun 2023 – May 2026) | $450 | $186 |
| 5 years (Jun 2021 – May 2026) | $302 | $145 |
| Since data start (Sep 2019 – May 2026) | $471 | $202 |
DEMRX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +102.42% |
| 1 year | +237.63% |
| 3 years (annualised) | +65.06% |
| 5 years (annualised) | +24.73% |
DEMRX Annual Returns
Calendar-year total returns of Nomura Emerging Markets Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +102.42% |
| 2025 | +86.07% |
| 2024 | +5.97% |
| 2023 | +17.02% |
| 2022 | −29.02% |
| 2021 | −2.54% |
| 2020 | +25.23% |
| 2019 (Sep–Dec) | +16.34% |
DEMRX 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 | +25.3% | +10.6% | −17.7% | +36.6% | +29.9% | — | — | — | — | — | — | — |
| 2025 | +5.4% | −1.5% | −0.5% | −0.1% | +8.1% | +17.0% | −2.1% | +0.1% | +15.0% | +15.8% | −1.1% | +10.5% |
| 2024 | −3.4% | +7.7% | +5.1% | −2.4% | +3.4% | +8.0% | −3.5% | −1.4% | +2.9% | −4.5% | −3.7% | −1.2% |
| 2023 | +10.8% | −7.2% | +4.2% | −4.0% | +1.1% | +3.5% | +5.7% | −5.8% | −2.9% | −2.0% | +10.2% | +4.3% |
| 2022 | −1.8% | −7.5% | −5.2% | −6.2% | +1.8% | −8.4% | −0.7% | −0.7% | −12.2% | −4.1% | +17.1% | −3.1% |
| 2021 | +3.1% | +2.6% | −2.9% | +2.8% | +1.4% | +0.2% | −9.6% | −0.2% | −1.3% | +0.6% | −2.0% | +3.5% |
| 2020 | −5.5% | −5.9% | −17.3% | +12.7% | +3.0% | +9.8% | +12.6% | +1.4% | −0.9% | +0.7% | +7.7% | +8.7% |
| 2019 | — | — | — | — | — | — | — | — | +1.8% | +4.6% | +1.3% | +7.8% |
DEMRX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 36.59%
- 3-year Sharpe ratio: 1.65 (vs 4.5% risk-free rate)
- Best month: +36.59% (Apr 2026)
- Worst month: −17.66% (Mar 2026)
DEMRX Fund Flows
Monthly money in and out of Nomura Emerging Markets Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.5B
- 12-month gross sales (incl. reinvestments): $4.1B
- Sales ÷ redemptions: 0.74×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $391.3M | $1.7B | −$1.3B |
| Apr 2026 | $323.0M | $428.9M | −$105.9M |
| Mar 2026 | $366.2M | $446.0M | −$79.8M |
| Feb 2026 | $477.7M | $614.8M | −$137.1M |
| Jan 2026 | $349.8M | $660.8M | −$311.0M |
| Dec 2025 | $1.4B | $459.1M | $971.4M |
| Nov 2025 | $156.7M | $394.0M | −$237.3M |
| Oct 2025 | $164.0M | $290.6M | −$126.6M |
| Sep 2025 | $164.0M | $146.5M | $17.5M |
| Aug 2025 | $88.8M | $151.4M | −$62.5M |
| Jul 2025 | $129.0M | $172.1M | −$43.1M |
| Jun 2025 | $93.1M | $129.8M | −$36.7M |
DEMRX Assets Under Management
Net assets of Nomura Emerging Markets Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $14.45B |
| 2026-02-27 | $11.05B |
| 2025-11-28 | $7.98B |
| 2025-08-29 | $6.32B |
| 2025-05-30 | $5.63B |
| 2025-02-28 | $5.29B |
| 2024-11-29 | $5.24B |
| 2024-08-30 | $5.54B |
| 2024-05-31 | $5.34B |
| 2024-02-29 | $5.15B |
| 2023-11-30 | $4.82B |
| 2023-08-31 | $4.71B |
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.