Fund Evaluator:

ARGA Emerging Markets Value Instl Overview

ARGA Emerging Markets Value Instl (ARMIX) is an actively managed International Equity Diversified Emerging Mkts fund. ARGA launched the fund in 2021.

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of emerging market companies and in other instruments, such as shares of exchange-traded funds ("ETFs"), that have economic characteristics similar to such securities. It mainly invests in common stocks and depositary receipts (including American Depositary Receipts ("ADRs"), European Depositary Receipts ("EDRs") and Global Depositary Receipts ("GDRs")), but may also invest in preferred stocks, ETFs and real estate investment trusts ("REITs").

About ARGA Emerging Markets Value Instl (ARMIX)

There are 3 members of the management team with an average tenure of 5.25 years: Takashi Ito (2021), A. Rama Krishna (2021), P. Sujith Kumar (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI EM Value NR USD index with a weighting of 100%. ARGA Emerging Markets Value Instl has 89 securities in its portfolio. The top 10 holdings constitute 27.8% 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.

ARGA Emerging Markets Value Instl is part of the Equity global asset class and is within the International Equity fund group. ARGA Emerging Markets Value Instl has 94.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 94.5% 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). ARGA Emerging Markets Value Instl has 5.5% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is above the $992 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.

ARMIX 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 ARGA Emerging Markets Value Instl expense ratio is high compared to funds in the Diversified Emerging Mkts category. ARGA Emerging Markets Value Instl has an expense ratio of 0.82%, which is 29% lower than its category average, making the fund expense ratio grade a A. 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. ARGA Emerging Markets Value Instl has a portfolio turnover rate of 33%, 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 August 2026, ARGA Emerging Markets Value Instl returned -0.1%, which earned it a grade of F, as the Diversified Emerging Mkts category had an average return of 3.9%. 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.

ARGA Emerging Markets Value Instl has a trailing yield of 2.12%, which is above the 1.65% category average. The fund normally distributes its income 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.

ARGA Emerging Markets Value Instl Grades

Year to date, the fund has returned 50.5%, 26.7 percentage points better than the category, which translates into a grade of A. The fund has returned 70.7% over the past year (grade of A), 35.6% over the past three years (grade of A) and 21.1% per year over the past five years (grade of A).

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