Fund Evaluator:

American Century Emerging Markets Inv Overview

American Century Emerging Markets Inv (TWMIX) is an actively managed International Equity Diversified Emerging Mkts fund. American Century Investments launched the fund in 1997.

The investment seeks capital growth. The fund will invest at least 80% of its net assets in equity securities of companies located in emerging market countries. The fund's managers consider an emerging market country to be any country other than a developed country. The fund invests in securities denominated in foreign currencies and in foreign securities that are represented in the U.S. securities markets by American Depositary Receipts (ADRs) or similar depositary arrangements.

About American Century Emerging Markets Inv (TWMIX)

There are 2 members of the management team with an average tenure of 15.23 years: Patricia Ribeiro (2006), Sherwin Soo (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%. American Century Emerging Markets Inv has 90 securities in its portfolio. The top 10 holdings constitute 42.2% 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.

American Century Emerging Markets Inv is part of the Equity global asset class and is within the International Equity fund group. American Century Emerging Markets Inv has 97.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.8%. There is 97.6% 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). American Century Emerging Markets Inv has 1.7% of the portfolio in cash.

Assets Under Management

The fund has $431 million in total assets, which is below the $1 billion 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.

TWMIX 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 American Century Emerging Markets Inv expense ratio is high compared to funds in the Diversified Emerging Mkts category. American Century Emerging Markets Inv has an expense ratio of 1.26%, which is 9% 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. American Century Emerging Markets Inv has a portfolio turnover rate of 58%, 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 June 2026, American Century Emerging Markets Inv returned 1.5%, which earned it a grade of B, as the Diversified Emerging Mkts category had an average return of 0.2%. 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.

American Century Emerging Markets Inv has a trailing yield of 0.85%, which is below the 1.58% category average. The fund normally distributes its income annually and its capital gains quarterly.

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.

American Century Emerging Markets Inv Grades

Year to date, the fund has returned 35.3%, 9.6 percentage points better than the category, which translates into a grade of A. The fund has returned 61.0% over the past year (grade of A), 28.2% over the past three years (grade of A) and 6.8% per year over the past five years (grade of C) and 10.2% per year over the past 10 years (grade of C).

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