HCEMX Performance — The Emerging Markets Portfolio
Data updated: 2026-09-10
HCEMX returned +24.33% year to date and +44.13% over one year to Jun 2026. Annualised returns are +23.13% over 3 years and +7.63% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $187, against $179 for the category, and to $144 over one year, against $141. Volatility over the past three years was 15.11% a year. In the 12 months to Jun 2026 the fund lost a net $150.6M, and assets reached $862.03M.
HCEMX Growth of $100
What $100 invested in The 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 | HCEMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $144 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $187 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $144 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $192 | $195 |
HCEMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +24.33% |
| 1 year | +44.13% |
| 3 years (annualised) | +23.13% |
| 5 years (annualised) | +7.63% |
HCEMX Annual Returns
Calendar-year total returns of The Emerging Markets Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +24.33% |
| 2025 | +33.72% |
| 2024 | +6.91% |
| 2023 | +11.04% |
| 2022 | −20.33% |
| 2021 | −1.56% |
| 2020 | +15.88% |
| 2019 (Jul–Dec) | +7.04% |
HCEMX 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 | +7.6% | +5.1% | −9.0% | +12.3% | +7.1% | +0.3% | — | — | — | — | — | — |
| 2025 | +1.7% | +0.9% | +1.4% | +0.3% | +4.3% | +6.0% | +1.4% | +3.1% | +6.3% | +3.4% | −1.8% | +2.8% |
| 2024 | −4.6% | +4.7% | +2.2% | −0.2% | +1.5% | +3.2% | +0.5% | +1.0% | +5.6% | −3.6% | −2.6% | −0.5% |
| 2023 | +8.9% | −6.4% | +3.5% | −1.1% | −2.5% | +4.0% | +6.0% | −6.2% | −2.9% | −3.5% | +7.0% | +5.3% |
| 2022 | −0.8% | −3.7% | −3.2% | −7.1% | +1.6% | −5.2% | −1.0% | −0.6% | −11.2% | −2.7% | +15.5% | −2.1% |
| 2021 | +3.1% | +1.4% | −1.5% | +1.8% | +1.6% | +0.7% | −6.4% | +2.1% | −3.9% | +1.4% | −3.8% | +2.6% |
| 2020 | −5.3% | −3.9% | −16.0% | +8.4% | +1.5% | +7.3% | +8.2% | +2.3% | −1.3% | +1.7% | +8.4% | +6.6% |
| 2019 | — | — | — | — | — | — | −2.0% | −4.2% | +1.7% | +4.2% | +0.2% | +7.4% |
HCEMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.11%
- 3-year Sharpe ratio: 1.23 (vs 4.5% risk-free rate)
- Best month: +12.29% (Apr 2026)
- Worst month: −8.97% (Mar 2026)
HCEMX Fund Flows
Monthly money in and out of The Emerging Markets Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$150.6M
- 12-month gross sales (incl. reinvestments): $73.0M
- Sales ÷ redemptions: 0.33×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.7M | $13.7M | −$12.0M |
| May 2026 | $545K | $12.7M | −$12.2M |
| Apr 2026 | $1.7M | $9.2M | −$7.5M |
| Mar 2026 | $6.0M | $18.9M | −$12.9M |
| Feb 2026 | $3.5M | $105.9M | −$102.4M |
| Jan 2026 | $3.0M | $12.1M | −$9.1M |
| Dec 2025 | $31.1M | $7.8M | $23.3M |
| Nov 2025 | $2.1M | $10.0M | −$7.9M |
| Oct 2025 | $8.4M | $11.0M | −$2.6M |
| Sep 2025 | $12.7M | $6.5M | $6.1M |
| Aug 2025 | $1.2M | $12.3M | −$11.1M |
| Jul 2025 | $992K | $3.3M | −$2.3M |
HCEMX Assets Under Management
Net assets of The Emerging Markets Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $862.03M |
| 2026-03-31 | $741.61M |
| 2025-12-31 | $835.94M |
| 2025-09-30 | $830.75M |
| 2025-06-30 | $754.38M |
| 2025-03-31 | $682.07M |
| 2024-12-31 | $657.38M |
| 2024-09-30 | $736.60M |
| 2024-06-30 | $711.15M |
| 2024-03-31 | $694.25M |
| 2023-12-31 | $703.56M |
| 2023-09-30 | $667.00M |
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.