PRIAX Performance — Global Emerging Markets Fund, Class A
Data updated: 2026-09-25
PRIAX returned +16.25% year to date and +31.97% over one year to Jul 2026. Annualised returns are +18.57% over 3 years and +7.07% over 5 years. Against its Emerging Markets Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $167, against $164 for the category, and to $132 over one year, against $134. Volatility over the past three years was 15.25% a year. In the 12 months to Jul 2026 the fund took in a net $3.2B, and assets reached $7.61B.
PRIAX 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 | PRIAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $132 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $167 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $141 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $192 | $188 |
PRIAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.25% |
| 1 year | +31.97% |
| 3 years (annualised) | +18.57% |
| 5 years (annualised) | +7.07% |
PRIAX 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 |
|---|---|
| 2026 (Jan–Jul) | +16.25% |
| 2025 | +36.44% |
| 2024 | +5.81% |
| 2023 | +12.54% |
| 2022 | −22.87% |
| 2021 | +0.43% |
| 2020 | +19.34% |
| 2019 (Aug–Dec) | +9.85% |
PRIAX 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 | +8.3% | +4.5% | −9.3% | +12.0% | +6.4% | +0.6% | −5.6% | — | — | — | — | — |
| 2025 | +2.3% | +0.3% | +2.0% | −0.4% | +5.6% | +6.6% | +2.4% | +2.2% | +7.3% | +2.7% | −1.8% | +2.6% |
| 2024 | −3.0% | +4.4% | +2.9% | −0.6% | +0.4% | +4.0% | −0.6% | 0.0% | +5.6% | −3.7% | −2.4% | −0.7% |
| 2023 | +8.6% | −6.4% | +3.3% | −1.0% | −1.1% | +5.1% | +4.9% | −4.9% | −2.8% | −2.7% | +7.0% | +3.2% |
| 2022 | −1.6% | −6.8% | −3.7% | −5.0% | +0.8% | −6.1% | −0.6% | −0.8% | −9.9% | −2.6% | +15.4% | −2.8% |
| 2021 | +4.4% | +1.3% | −0.8% | +2.0% | +2.0% | +1.2% | −5.9% | +1.6% | −4.5% | +1.3% | −4.5% | +2.9% |
| 2020 | −4.8% | −4.0% | −17.2% | +9.3% | +2.5% | +6.7% | +9.7% | +2.9% | −1.3% | +2.4% | +7.5% | +7.6% |
| 2019 | — | — | — | — | — | — | — | −2.7% | +1.5% | +3.5% | +0.2% | +7.3% |
PRIAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.25%
- 3-year Sharpe ratio: 0.92 (vs 4.5% risk-free rate)
- Best month: +12.00% (Apr 2026)
- Worst month: −9.29% (Mar 2026)
PRIAX 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 |
PRIAX 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.