Fund Evaluator:
Acadian Emerging Markets Investor (AEMGX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
| 55.1% | Invesco Emerging Markets ex-China Y (GTDYX) |
| 51.1% | WCM Focused Emerging Mkts Ex Chn Inv (WCFEX) |
| 47.2% | Matthews Emerging Markets Sust Fut Inv (MASGX) |
| 46.5% | Lazard Emerging Markets Equity Instl (LZEMX) |
| 46.5% | LSV Emerging Markets Equity Inv (LVAZX) |
Fund Details
Acadian Emerging Markets Investor Overview
Acadian Emerging Markets Investor (AEMGX) is an actively managed International Equity Diversified Emerging Mkts fund. Acadian Funds launched the fund in 1993.
The investment seeks long-term capital appreciation by investing primarily in common stocks of emerging market country issuers. The fund will invest primarily in common stocks but also may invest in other types of equity securities, including preferred stock. Under normal circumstances, it invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of issuers. The fund may also invest in securities of issuers located in industrialized countries.
About Acadian Emerging Markets Investor (AEMGX)
There are 2 members of the management team with an average tenure of 7.59 years: Brendan Bradley (2013), Fanesca Young (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Acadian Emerging Markets Investor has 645 securities in its portfolio. The top 10 holdings constitute 38.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Acadian Emerging Markets Investor is part of the Equity global asset class and is within the International Equity fund group. Acadian Emerging Markets Investor has 98.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.4%. There is 98.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Acadian Emerging Markets Investor has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $613 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AEMGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Acadian Emerging Markets Investor expense ratio is high compared to funds in the Diversified Emerging Mkts category. Acadian Emerging Markets Investor has an expense ratio of 1.31%, which is 13% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Acadian Emerging Markets Investor has a portfolio turnover rate of 75%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Acadian Emerging Markets Investor returned -7.1%, which earned it a grade of D, as the Diversified Emerging Mkts category had an average return of -4.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Acadian Emerging Markets Investor has a trailing yield of 1.56%, which is below the 1.72% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Acadian Emerging Markets Investor Grades
Year to date, the fund has returned 20.3%, 1.3 percentage points better than the category, which translates into a grade of B. The fund has returned 35.0% over the past year (grade of C), 21.7% over the past three years (grade of A) and 11.0% per year over the past five years (grade of A) and 10.4% per year over the past 10 years (grade of A).
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AEMGX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AEMGX Return (NAV) | -7.1% | 2.5% | 35.0% | 21.7% | 11.0% | 10.4% |
| AEMGX Grade | D | C | C | A | A | A |
| +/- Category | -2.2% | 0.1% | -0.9% | 3.8% | 4.5% | 1.7% |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| AEMGX Tax Cost Ratio | na | na | 1.3% | 1.4% | 1.6% | 1.1% |
AEMGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AEMGX Return (NAV) | 20.3% | 27.5% | 13.9% | 22.6% | -20.1% | 7.0% | 10.3% | 18.0% | -18.7% | 37.6% | 12.8% |
| AEMGX Grade | B | D | A | A | B | A | F | D | D | C | A |
| +/- Category | 1.3% | -3.9% | 7.7% | 10.5% | 2.5% | 7.2% | -11.3% | -3.8% | -2.3% | 1.0% | 4.2% |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 16.7% |
| Total Risk Index: | 1.36 - High |
| Category Risk Index: | 1.00 - Average |
| Category Risk Grade: | C (56% Rank) |
| Beta: | 1.03 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1727 Mil |
| Fund Total Assets: | $ 613 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 75% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.6 years | |||
| Average Tenure: 7.6 years | |||
| Managers (Year): Bradley Brendan (2013), Young Fanesca (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 645 |
| % in Top 10 Holdings: | 38.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.3% |
Portfolio Allocation |
|
| Domestic Stock: | 1.4% |
| Foreign Stock: | 98.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Fund Family: | Acadian Funds |
| Phone Number: | 866-226-6161 |
| Website: | www.acadian-asset.com |
| Status: | Open |
| Inception Date: | June 17, 1993 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.31% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Acadian Emerging Markets Investor |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
