DFEMX Performance — Emerging Markets Portfolio, Institutional Class Shares
Data updated: 2026-09-24
DFEMX returned +19.35% year to date and +36.32% over one year to Jul 2026. Annualised returns are +19.19% over 3 years and +9.61% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $169, against $164 for the category, and to $136 over one year, against $134. Volatility over the past three years was 16.25% a year. In the 12 months to Jul 2026 the fund took in a net $548.0M, and assets reached $8.14B.
DFEMX Growth of $100
What $100 invested in Emerging Markets Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | DFEMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $136 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $169 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $158 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $204 | $188 |
DFEMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.35% |
| 1 year | +36.32% |
| 3 years (annualised) | +19.19% |
| 5 years (annualised) | +9.61% |
DFEMX Annual Returns
Calendar-year total returns of Emerging Markets Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +19.35% |
| 2025 | +33.56% |
| 2024 | +6.89% |
| 2023 | +13.10% |
| 2022 | −16.88% |
| 2021 | +2.53% |
| 2020 | +13.89% |
| 2019 (Aug–Dec) | +9.02% |
DFEMX 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 | +8.2% | +6.4% | −10.0% | +13.2% | +8.2% | +0.4% | −6.3% | — | — | — | — | — |
| 2025 | +1.4% | +0.2% | +1.2% | +0.5% | +4.7% | +6.6% | +1.4% | +2.2% | +6.1% | +4.0% | −1.6% | +3.0% |
| 2024 | −4.0% | +4.5% | +2.3% | +0.2% | +2.0% | +2.7% | +0.9% | +0.8% | +5.3% | −4.3% | −1.9% | −1.2% |
| 2023 | +8.4% | −5.9% | +3.2% | −0.4% | −1.7% | +4.3% | +5.9% | −5.8% | −2.1% | −3.7% | +7.6% | +4.0% |
| 2022 | +0.1% | −2.1% | −1.8% | −5.5% | +0.9% | −6.9% | 0.0% | −0.6% | −11.0% | −1.6% | +15.1% | −2.9% |
| 2021 | +2.0% | +2.3% | +0.3% | +2.1% | +2.3% | +0.6% | −5.5% | +2.3% | −3.6% | +0.4% | −3.6% | +3.4% |
| 2020 | −6.1% | −4.9% | −18.4% | +10.4% | +1.7% | +6.6% | +8.3% | +1.0% | −0.7% | +1.5% | +9.9% | +7.8% |
| 2019 | — | — | — | — | — | — | — | −4.0% | +2.6% | +4.0% | −0.5% | +7.0% |
DFEMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.25%
- 3-year Sharpe ratio: 0.90 (vs 4.5% risk-free rate)
- Best month: +13.17% (Apr 2026)
- Worst month: −9.95% (Mar 2026)
DFEMX Fund Flows
Monthly money in and out of Emerging Markets Portfolio, from SEC Form N-PORT.
- 12-month net flow: $548.0M
- 12-month gross sales (incl. reinvestments): $2.1B
- Sales ÷ redemptions: 1.35×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $272.5M | $117.5M | $154.9M |
| Jun 2026 | $224.9M | $212.2M | $12.7M |
| May 2026 | $135.4M | $211.1M | −$75.7M |
| Apr 2026 | $134.5M | $155.3M | −$20.7M |
| Mar 2026 | $138.6M | $149.6M | −$11.0M |
| Feb 2026 | $200.7M | $94.5M | $106.2M |
| Jan 2026 | $320.0M | $133.8M | $186.2M |
| Dec 2025 | $228.0M | $128.3M | $99.7M |
| Nov 2025 | $143.1M | $107.2M | $35.9M |
| Oct 2025 | $83.2M | $91.0M | −$7.9M |
| Sep 2025 | $108.4M | $91.3M | $17.1M |
| Aug 2025 | $126.8M | $76.3M | $50.5M |
DFEMX Assets Under Management
Net assets of Emerging Markets Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $8.14B |
| 2026-04-30 | $7.94B |
| 2026-01-31 | $7.26B |
| 2025-10-31 | $6.37B |
| 2025-07-31 | $5.64B |
| 2025-04-30 | $5.14B |
| 2025-01-31 | $5.15B |
| 2024-10-31 | $5.28B |
| 2024-07-31 | $5.19B |
| 2024-04-30 | $4.97B |
| 2024-01-31 | $4.61B |
| 2023-10-31 | $4.33B |
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.