IEMFX Performance — T. Rowe Price Institutional Emerging Markets Equity Fund
Data updated: 2026-09-25
IEMFX returned +21.31% year to date and +43.96% over one year to Jul 2026. Annualised returns are +14.44% over 3 years and +3.26% over 5 years. Against its Emerging Markets Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $150, against $164 for the category, and to $144 over one year, against $134. Volatility over the past three years was 17.28% a year. In the 12 months to Jul 2026 the fund lost a net $48.2M, and assets reached $612.65M.
IEMFX Growth of $100
What $100 invested in T. Rowe Price Institutional Emerging Markets Equity 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 | IEMFX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $144 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $150 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $117 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $144 | $188 |
IEMFX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +21.31% |
| 1 year | +43.96% |
| 3 years (annualised) | +14.44% |
| 5 years (annualised) | +3.26% |
IEMFX Annual Returns
Calendar-year total returns of T. Rowe Price Institutional Emerging Markets Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +21.31% |
| 2025 | +32.92% |
| 2024 | −1.59% |
| 2023 | +2.24% |
| 2022 | −23.36% |
| 2021 | −10.61% |
| 2020 | +17.80% |
| 2019 (Aug–Dec) | +9.82% |
IEMFX 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 | +8.0% | +5.7% | −10.3% | +13.7% | +9.6% | +1.9% | −6.6% | — | — | — | — | — |
| 2025 | +0.8% | −0.1% | +2.2% | +0.2% | +2.6% | +5.2% | +0.7% | +3.7% | +7.0% | +5.1% | −1.9% | +3.8% |
| 2024 | −5.8% | +5.1% | +0.5% | −2.2% | 0.0% | +2.8% | 0.0% | +0.9% | +4.8% | −3.8% | −2.4% | −0.9% |
| 2023 | +9.4% | −6.7% | +3.4% | −2.7% | −2.7% | +4.1% | +4.0% | −6.8% | −4.1% | −4.2% | +6.5% | +3.6% |
| 2022 | 0.0% | −7.3% | −4.2% | −7.0% | +1.3% | −3.9% | −1.4% | −1.4% | −11.3% | −2.9% | +17.0% | −2.7% |
| 2021 | +2.2% | +0.4% | −1.5% | −0.1% | +1.9% | −0.2% | −7.8% | +2.8% | −4.5% | +0.9% | −6.3% | +1.7% |
| 2020 | −4.6% | −3.8% | −16.7% | +8.0% | +1.7% | +7.6% | +9.0% | +1.0% | −0.7% | +1.9% | +9.2% | +7.3% |
| 2019 | — | — | — | — | — | — | — | −4.3% | +2.3% | +3.8% | +0.7% | +7.3% |
IEMFX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.28%
- 3-year Sharpe ratio: 0.58 (vs 4.5% risk-free rate)
- Best month: +13.66% (Apr 2026)
- Worst month: −10.34% (Mar 2026)
IEMFX Fund Flows
Monthly money in and out of T. Rowe Price Institutional Emerging Markets Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$48.2M
- 12-month gross sales (incl. reinvestments): $15.7M
- Sales ÷ redemptions: 0.25×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $11K | $3.6M | −$3.6M |
| Jun 2026 | $16K | $10.2M | −$10.2M |
| May 2026 | $5K | $330K | −$325K |
| Apr 2026 | $305K | $318K | −$13K |
| Mar 2026 | $6K | $1.3M | −$1.3M |
| Feb 2026 | $8K | $8.3M | −$8.3M |
| Jan 2026 | $3.5M | $16.1M | −$12.6M |
| Dec 2025 | $11.7M | $5.1M | $6.6M |
| Nov 2025 | $87K | $7.7M | −$7.6M |
| Oct 2025 | $22K | $1.4M | −$1.4M |
| Sep 2025 | $7K | $4.9M | −$4.9M |
| Aug 2025 | $12K | $4.7M | −$4.7M |
IEMFX Assets Under Management
Net assets of T. Rowe Price Institutional Emerging Markets Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $612.65M |
| 2026-04-30 | $600.25M |
| 2026-01-31 | $566.28M |
| 2025-10-31 | $540.53M |
| 2025-07-31 | $473.87M |
| 2025-04-30 | $488.21M |
| 2025-01-31 | $499.86M |
| 2024-10-31 | $552.94M |
| 2024-07-31 | $577.14M |
| 2024-04-30 | $585.65M |
| 2024-01-31 | $611.77M |
| 2023-10-31 | $663.17M |
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.