Fund Evaluator:

WCM Focused Emerging Mkts Ex Chn Inv Overview

WCM Focused Emerging Mkts Ex Chn Inv (WCFEX) is an actively managed International Equity Diversified Emerging Mkts fund. WCM Investment Management launched the fund in 2022.

The investment seeks long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of companies in emerging or frontier countries or markets, excluding companies in China. The fund may invest in securities of any size companies. The fund generally invests in the securities of companies domiciled in at least three different countries. However, from time to time, the fund may have a significant portion of its assets invested in the securities of companies domiciled in one or a few countries or regions.

About WCM Focused Emerging Mkts Ex Chn Inv (WCFEX)

There are 2 members of the management team with an average tenure of 3.50 years: Gregory Ise (2022), Michael Tian (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EM ex China NR USD index with a weighting of 100%. WCM Focused Emerging Mkts Ex Chn Inv has 43 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.

WCM Focused Emerging Mkts Ex Chn Inv is part of the Equity global asset class and is within the International Equity fund group. WCM Focused Emerging Mkts Ex Chn Inv has 91.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.5%. There is 91.2% 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). WCM Focused Emerging Mkts Ex Chn Inv has 7.4% of the portfolio in cash.

Assets Under Management

The fund has $36 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.

WCFEX 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 WCM Focused Emerging Mkts Ex Chn Inv expense ratio is high compared to funds in the Diversified Emerging Mkts category. WCM Focused Emerging Mkts Ex Chn Inv has an expense ratio of 1.50%, which is 30% higher than its category average, making the fund expense ratio grade a F. 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. WCM Focused Emerging Mkts Ex Chn Inv has a portfolio turnover rate of 66%, 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, WCM Focused Emerging Mkts Ex Chn Inv returned 3.9%, which earned it a grade of A, 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.

WCM Focused Emerging Mkts Ex Chn Inv has a trailing yield of 0.00%, which is below the 1.58% category average. The fund normally distributes its income annually and its capital gains 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.

WCM Focused Emerging Mkts Ex Chn Inv Grades

Year to date, the fund has returned 49.2%, 23.5 percentage points better than the category, which translates into a grade of A. The fund has returned 66.8% over the past year (grade of A) and 38.0% over the past three years (grade of A).

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