Morningstar

T. Rowe Price Institutional Emerging Markets Equity Fund IEMFX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 50.84  /  +0.28 %
  • Total Assets 636.6M
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Diversified Emerging Mkts
  • Investment Style Large Growth
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 0.81%
  • Turnover 70%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis IEMFX

Will IEMFX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IEMFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the IEMFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of IEMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still early days.

Senior Principal Mathieu Caquineau

Mathieu Caquineau

Senior Principal

Summary

An unproven duo took this strategy over in June 2025. They have some useful experience, but restoring the strategy to full strength is a long way off, while the broader team supporting them has experienced turnover. The strategy keeps its People and Process ratings of Average.

by Mathieu Caquineau
Rated on Published on

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Portfolio Holdings IEMFX

More IEMFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 45.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

14.52 86M
Technology

Samsung Electronics Co Ltd

8.79 52M
Technology

SK Hynix Inc

6.16 37M
Technology

Tencent Holdings Ltd

4.21 25M
Communication Services

Trp Government Reserve

3.26 19M
Cash and Equivalents

Alibaba Group Holding Ltd Ordinary Shares

2.44 14M
Consumer Cyclical

Unimicron Technology Corp

2.38 14M
Technology

Delta Electronics Inc

2.14 13M
Technology

Hon Hai Precision Industry Co Ltd

1.76 10M
Technology

ICICI Bank Ltd

1.59 9M
Financial Services

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