Fund Evaluator:

Polar Capital Emerging Market Strs Instl Overview

Polar Capital Emerging Market Strs Instl (POLEX) is an actively managed International Equity Diversified Emerging Mkts fund. Polar Capital LLP launched the fund in 2020.

The investment seeks long term capital growth. Under normal market conditions, the fund invests at least 80% of its net assets for investment purposes in equity securities of issuers located in Emerging Markets countries. It may also invest in global, American and European depository receipts for the purpose of gaining exposure to underlying equity securities. The fund may utilize various derivative instruments and related strategies to gain exposure to one or more issuers or other assets. It is non-diversified.

About Polar Capital Emerging Market Strs Instl (POLEX)

There are 1 members of the management team with an average tenure of 5.59 years: Jorry Rask Nøddekær (2020). 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%. Polar Capital Emerging Market Strs Instl has 62 securities in its portfolio. The top 10 holdings constitute 45.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Polar Capital Emerging Market Strs Instl is part of the Equity global asset class and is within the International Equity fund group. Polar Capital Emerging Market Strs Instl has 96.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.7%. There is 96.9% 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). Polar Capital Emerging Market Strs Instl has 1.5% of the portfolio in cash.

Assets Under Management

The fund has $201 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.

POLEX 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 Polar Capital Emerging Market Strs Instl expense ratio is high compared to funds in the Diversified Emerging Mkts category. Polar Capital Emerging Market Strs Instl has an expense ratio of 1.00%, which is 13% lower than its category average, making the fund expense ratio grade a B. 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. Polar Capital Emerging Market Strs Instl has a portfolio turnover rate of 54%, 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, Polar Capital Emerging Market Strs Instl returned -8.9%, which earned it a grade of F, 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.

Polar Capital Emerging Market Strs Instl has a trailing yield of 0.66%, which is below the 1.72% 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.

Polar Capital Emerging Market Strs Instl Grades

Year to date, the fund has returned 14.8%, 4.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 34.6% over the past year (grade of C), 15.3% over the past three years (grade of D) and 3.9% per year over the past five years (grade of F).

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