PIXEX Performance — Global Emerging Markets Fund, Class R-1
Data updated: 2026-09-25
PIXEX returned +20.05% over one year to Oct 2024. Annualised returns are −2.79% over 3 years and +3.59% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $92, against $95 for the category, and to $120 over one year, against $122. Volatility over the past three years was 17.37% a year. In the 12 months to Jul 2026 the fund took in a net $3.2B, and assets reached $7.61B.
PIXEX Growth of $100
What $100 invested in Global 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 | PIXEX | Category average |
|---|---|---|
| 1 year (Nov 2023 – Oct 2024) | $120 | $122 |
| 3 years (Nov 2021 – Oct 2024) | $92 | $95 |
| 5 years (Nov 2019 – Oct 2024) | $119 | $125 |
| Since data start (Aug 2019 – Oct 2024) | $122 | $126 |
PIXEX Trailing Returns
Total returns to Oct 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +20.05% |
| 3 years (annualised) | −2.79% |
| 5 years (annualised) | +3.59% |
PIXEX Annual Returns
Calendar-year total returns of Global Emerging Markets Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Oct) | +8.80% |
| 2023 | +11.95% |
| 2022 | −23.22% |
| 2021 | +0.03% |
| 2020 | +18.76% |
| 2019 (Aug–Dec) | +9.57% |
PIXEX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −3.1% | +4.4% | +2.9% | −0.7% | +0.4% | +3.9% | −0.7% | 0.0% | +5.5% | −3.8% | — | — |
| 2023 | +8.6% | −6.4% | +3.2% | −1.0% | −1.2% | +5.0% | +4.9% | −5.0% | −2.8% | −2.8% | +7.0% | +3.2% |
| 2022 | −1.7% | −6.8% | −3.7% | −5.1% | +0.8% | −6.1% | −0.7% | −0.8% | −10.0% | −2.6% | +15.4% | −2.8% |
| 2021 | +4.4% | +1.2% | −0.8% | +1.9% | +2.0% | +1.2% | −5.9% | +1.5% | −4.5% | +1.3% | −4.5% | +2.8% |
| 2020 | −4.9% | −4.1% | −17.3% | +9.4% | +2.4% | +6.7% | +9.6% | +2.9% | −1.3% | +2.3% | +7.5% | +7.6% |
| 2019 | — | — | — | — | — | — | — | −2.7% | +1.4% | +3.5% | +0.2% | +7.2% |
PIXEX Risk
Risk measures from monthly returns over Nov 2021 – Oct 2024.
- 3-year volatility (annualised): 17.37%
- 3-year Sharpe ratio: -0.42 (vs 4.5% risk-free rate)
- Best month: +15.38% (Nov 2022)
- Worst month: −9.97% (Sep 2022)
PIXEX Fund Flows
Monthly money in and out of Global Emerging Markets Fund, from SEC Form N-PORT.
- 12-month net flow: $3.2B
- 12-month gross sales (incl. reinvestments): $4.3B
- Sales ÷ redemptions: 3.96×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $36.0M | $161.2M | −$125.1M |
| Jun 2026 | $45.5M | $62.3M | −$16.8M |
| May 2026 | $63.1M | $165.8M | −$102.7M |
| Apr 2026 | $59.1M | $179.7M | −$120.6M |
| Mar 2026 | $169.4M | $102.6M | $66.9M |
| Feb 2026 | $715.2M | $45.5M | $669.7M |
| Jan 2026 | $809.2M | $124.3M | $684.9M |
| Dec 2025 | $174.7M | $52.8M | $121.9M |
| Nov 2025 | $19.9M | $23.0M | −$3.1M |
| Oct 2025 | $867.8M | $41.5M | $826.3M |
| Sep 2025 | $1.0B | $88.2M | $942.6M |
| Aug 2025 | $265.9M | $29.3M | $236.7M |
PIXEX Assets Under Management
Net assets of Global Emerging Markets Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $7.61B |
| 2026-04-30 | $7.75B |
| 2026-01-31 | $6.70B |
| 2025-10-31 | $5.54B |
| 2025-07-31 | $3.06B |
| 2025-04-30 | $2.54B |
| 2025-01-31 | $2.45B |
| 2024-10-31 | $2.42B |
| 2024-07-31 | $263.82M |
| 2024-04-30 | $239.41M |
| 2024-01-31 | $230.18M |
| 2023-10-31 | $212.49M |
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.