PIXEX — International Emerging Markets Fund
Data updated: 2026-09-25
PIXEX — International Emerging Markets Fund. Emerging Markets Mid Cap Blend / Core Materials Equity · $7.61B AUM. Holdings, fees, performance and SEC filings.
PIXEX Fund Overview
PIXEX — International Emerging Markets Fund is a US mutual fund managed by Principal Funds, Inc., categorised as Emerging Markets Mid Cap Blend / Core Materials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Funds, Inc.
- Category: Emerging Markets Mid Cap Blend / Core Materials Equity
- Assets under management: $7.61B
- 1-year return: 20.1%
- Ticker: PIXEX
- SEC CIK: 0000898745
- SEC series ID: S000007013
- Share class ID: C000019143
PIXEX Investment Objective and Strategy
International Emerging Markets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Funds, Inc..
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies at the time of purchase. The Fund considers a security to be tied economically to an emerging market country (an ""emerging market security"") if the issuer of the security has its principal place of business or principal office in an emerging market country, has its principal securities trading market in an emerging market country, or derives a majority of its revenue from emerging market countries. Here, ""emerging market country"" means any country which is considered to be an emerging country by the international financial community (including the MSCI Emerging Markets Index or Bloomberg Barclays Emerging Markets USD Aggregate Bond Index).
These countries generally exclude the United States, Canada, Japan, Australia, Hong Kong, Singapore, New Zealand, and most nations located in Western Europe. The Fund invests in equity securities regardless of market capitalization (small, medium or large) and style (growth or value)."
PIXEX Holdings
Top 10 holdings of International Emerging Markets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 17.64% |
| Samsung Electronics Co Ltd | 9.27% |
| Tencent Holdings Ltd | 3.84% |
| SK hynix Inc | 3.67% |
| Alibaba Group Holding Ltd | 2.88% |
| AIA Group Ltd | 2.25% |
| ICICI Bank Ltd | 2.04% |
| HDFC Bank Ltd | 1.93% |
| Piraeus Bank SA | 1.82% |
| Delta Electronics Inc | 1.73% |
PIXEX Portfolio Allocation
Asset-class allocation of International Emerging Markets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 1.6% |
PIXEX Performance
Total returns for PIXEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 20.1% |
| 3 years (annualised) | -2.8% |
| 5 years (annualised) | 3.6% |
PIXEX Risk Information
Risk metrics for PIXEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.7%
PIXEX Costs and Fees
PIXEX costs about $196 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.96%
- Gross expense ratio: 1.96%
- Portfolio turnover: 32%
- Brokerage commissions: 13.80 bps of average net assets (SEC N-CEN)
PIXEX Cashflows
Over the 12 months to 2026-04, International Emerging Markets Fund had net inflows of $3.54B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$120.65M |
| 2026-03 | $66.86M |
| 2026-02 | $669.66M |
| 2026-01 | $684.93M |
| 2025-12 | $121.87M |
| 2025-11 | −$3.10M |
PIXEX Debt Constituents
No individual debt constituents are reported in International Emerging Markets Fund's latest SEC N-PORT filing.
PIXEX Prospectus and SEC Filings
Official International Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-25
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Emerging Markets Mid Cap Blend / Core Materials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.