EMRZX Performance — Emerging Markets Fund, Class Z
Data updated: 2026-08-26
EMRZX returned +23.91% year to date and +39.55% over one year to Jun 2026. Annualised returns are +20.19% over 3 years and +2.94% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $174, against $179 for the category, and to $140 over one year, against $141. Volatility over the past three years was 16.56% a year. In the 12 months to Jun 2026 the fund lost a net $122.7M, and assets reached $364.66M.
EMRZX 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 | EMRZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $140 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $174 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $116 | $144 |
| Since data start (Sep 2019 – Jun 2026) | $152 | $203 |
EMRZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +23.91% |
| 1 year | +39.55% |
| 3 years (annualised) | +20.19% |
| 5 years (annualised) | +2.94% |
EMRZX 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–Jun) | +23.91% |
| 2025 | +31.07% |
| 2024 | +0.40% |
| 2023 | +11.35% |
| 2022 | −24.72% |
| 2021 | −11.65% |
| 2020 | +17.09% |
| 2019 (Sep–Dec) | +7.30% |
EMRZX 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 | +7.5% | +4.0% | −10.7% | +14.1% | +7.5% | +1.2% | — | — | — | — | — | — |
| 2025 | +1.1% | +0.9% | +0.1% | +2.3% | +4.7% | +6.5% | −1.1% | +3.4% | +5.8% | +4.7% | −2.3% | +1.9% |
| 2024 | −3.3% | +5.3% | +2.5% | −0.1% | +3.0% | +0.8% | −0.8% | +1.4% | +2.4% | −3.7% | −3.4% | −3.1% |
| 2023 | +9.4% | −7.0% | +0.2% | +0.2% | −1.9% | +4.2% | +7.1% | −3.7% | −4.7% | −4.4% | +9.8% | +3.2% |
| 2022 | −5.5% | −8.9% | −5.3% | −6.7% | +0.4% | −6.4% | +3.9% | −1.1% | −11.1% | +2.2% | +15.0% | −1.7% |
| 2021 | +4.7% | +0.4% | −4.2% | +2.9% | 0.0% | +0.9% | −6.2% | +2.6% | −4.6% | +0.5% | −6.6% | −2.0% |
| 2020 | −2.5% | −3.1% | −21.4% | +10.5% | +4.5% | +8.5% | +5.8% | +4.0% | −1.6% | +2.9% | +7.8% | +4.8% |
| 2019 | — | — | — | — | — | — | — | — | −1.8% | +2.8% | +1.3% | +4.9% |
EMRZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.56%
- 3-year Sharpe ratio: 0.95 (vs 4.5% risk-free rate)
- Best month: +14.07% (Apr 2026)
- Worst month: −10.66% (Mar 2026)
EMRZX Fund Flows
Monthly money in and out of Emerging Markets Fund, from SEC Form N-PORT.
- 12-month net flow: −$122.7M
- 12-month gross sales (incl. reinvestments): $51.0M
- Sales ÷ redemptions: 0.29×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.4M | $21.1M | −$18.7M |
| May 2026 | $4.4M | $7.7M | −$3.3M |
| Apr 2026 | $1.9M | $5.6M | −$3.7M |
| Mar 2026 | $4.4M | $9.8M | −$5.4M |
| Feb 2026 | $5.3M | $8.3M | −$3.0M |
| Jan 2026 | $11.7M | $9.5M | $2.2M |
| Dec 2025 | $5.8M | $7.1M | −$1.3M |
| Nov 2025 | $2.0M | $10.7M | −$8.8M |
| Oct 2025 | $4.1M | $4.6M | −$498K |
| Sep 2025 | $2.0M | $7.6M | −$5.6M |
| Aug 2025 | $1.3M | $59.7M | −$58.4M |
| Jul 2025 | $5.8M | $22.2M | −$16.4M |
EMRZX Assets Under Management
Net assets of Emerging Markets Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $364.66M |
| 2026-03-31 | $315.08M |
| 2025-12-31 | $321.49M |
| 2025-09-30 | $322.76M |
| 2025-06-30 | $377.87M |
| 2025-03-31 | $367.35M |
| 2024-12-31 | $406.05M |
| 2024-09-30 | $483.57M |
| 2024-06-30 | $512.08M |
| 2024-03-31 | $556.45M |
| 2023-12-31 | $785.01M |
| 2023-09-30 | $781.80M |
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.