Morningstar

T. Rowe Price Institutional Emerging Markets Equity Fund IEMFX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $46.87  /  +0.54 %
  • Fund Size $570.1M
  • Adjusted Expense Ratio 1.000%
  • Net Expense Ratio 1.000%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Diversified Emerging Mkts
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 0.84%
  • Turnover Ratio 70%
NAV and 1-Day Return as of

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 48.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

16.95 106M
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Samsung Electronics Co Ltd

9.82 61M
Technology

SK hynix Inc

7.52 47M
Technology

Tencent Holdings Ltd

2.60 16M
Communication Services

Unimicron Technology Corp

2.39 15M
Technology

MediaTek Inc

1.95 12M
Technology

Alibaba Group Holding Ltd Ordinary Shares

1.88 12M
Consumer Cyclical

ASE Technology Holding Co Ltd

1.83 11M
Technology

ICICI Bank Ltd

1.74 11M
Financial Services

Itau Unibanco Holding SA ADR

1.63 10M
Financial Services

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