Fund Evaluator:

Redwheel Global Emerging Equity Ins Overview

Redwheel Global Emerging Equity Ins (RWCEX) is an actively managed International Equity Diversified Emerging Mkts fund. Redwheel launched the fund in 2016.

The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies, and in other instruments, principally derivatives and shares of investment companies (including exchange-traded funds ("ETFs")), that have economic characteristics similar to such securities. It invests in at least three emerging or frontier market countries. The fund may also invest in "out-of-the-money" convertible securities and may invest in securities of companies with any market capitalization.

About Redwheel Global Emerging Equity Ins (RWCEX)

There are 1 members of the management team with an average tenure of 9.59 years: John Malloy (2016). 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%. Redwheel Global Emerging Equity Ins has 79 securities in its portfolio. The top 10 holdings constitute 35.1% 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.

Redwheel Global Emerging Equity Ins is part of the Equity global asset class and is within the International Equity fund group. Redwheel Global Emerging Equity Ins has 94.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.3%. There is 94.7% 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). Redwheel Global Emerging Equity Ins has 1.0% of the portfolio in cash.

Assets Under Management

The fund has $112 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.

RWCEX 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 Redwheel Global Emerging Equity Ins expense ratio is high compared to funds in the Diversified Emerging Mkts category. Redwheel Global Emerging Equity Ins has an expense ratio of 1.09%, which is 6% lower than its category average, making the fund expense ratio grade a C. 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. Redwheel Global Emerging Equity Ins has a portfolio turnover rate of 101%, 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, Redwheel Global Emerging Equity Ins returned -1.7%, which earned it a grade of B, 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.

Redwheel Global Emerging Equity Ins has a trailing yield of 0.92%, 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.

Redwheel Global Emerging Equity Ins Grades

Year to date, the fund has returned 4.0%, 15.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 22.4% over the past year (grade of F), 10.6% over the past three years (grade of F) and 1.6% per year over the past five years (grade of F).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Redwheel Global Emerging Equity Ins, including its riskiness, submit your email to unlock the rest of the article.