Fund Evaluator:

UBS Emerging Markets Equity Opp P2 Overview

UBS Emerging Markets Equity Opp P2 (EMPTX) is an actively managed International Equity Diversified Emerging Mkts fund. UBS Asset Management launched the fund in 2018.

The investment seeks to maximize capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in equity securities that are tied economically to emerging market countries. It may invest in stocks of companies of any size. The fund will generally hold the stocks of between 20 to 40 issuers. The fund may, but is not required to, use exchange-traded or over-the-counter derivative instruments for risk management purposes or as part of its investment strategies.

About UBS Emerging Markets Equity Opp P2 (EMPTX)

There are 4 members of the management team with an average tenure of 10.73 years: Gabriel Csendes (2015), Shou-Pin Choo (2015), Urs Antonioli (2015), Manish Modi (2015). 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%. UBS Emerging Markets Equity Opp P2 has 56 securities in its portfolio. The top 10 holdings constitute 47.7% 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.

UBS Emerging Markets Equity Opp P2 is part of the Equity global asset class and is within the International Equity fund group. UBS Emerging Markets Equity Opp P2 has 95.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.3%. There is 95.9% 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). UBS Emerging Markets Equity Opp P2 has 2.5% of the portfolio in cash.

Assets Under Management

The fund has $390 million in total assets, which is below 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.

EMPTX 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 UBS Emerging Markets Equity Opp P2 expense ratio is below average compared to funds in the Diversified Emerging Mkts category. UBS Emerging Markets Equity Opp P2 has an expense ratio of 0.33%, which is 71% 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. UBS Emerging Markets Equity Opp P2 has a portfolio turnover rate of 57%, 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, UBS Emerging Markets Equity Opp P2 returned 3.7%, which earned it a grade of C, 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.

UBS Emerging Markets Equity Opp P2 has a trailing yield of 1.52%, which is below 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.

UBS Emerging Markets Equity Opp P2 Grades

Year to date, the fund has returned 25.8%, 2.0 percentage points better than the category, which translates into a grade of B. The fund has returned 45.5% over the past year (grade of A), 25.1% over the past three years (grade of B) and 7.2% per year over the past five years (grade of C).

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