Morningstar

Nomura Systematic Emerging Markets Equity Fund Class A IPOAX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub
  • NAV / 1-Day Return 26.23  /  +0.19 %
  • Total Assets 644.1M
  • Adj. Expense Ratio
    1.030%
  • Expense Ratio 1.050%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Diversified Emerging Mkts
  • Investment Style Large Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.73%
  • Turnover 39%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis IPOAX

Will IPOAX 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 IPOAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the IPOAX 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 IPOAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

No clear competitive advantage over its peers.

Director Eva Cook

Eva Cook

Director

Summary

Nomura Systematic Emerging Markets Equity strategy offers a good quantitative framework. However, the team’s limited cohesion, coupled with a process that has yet to deliver after undergoing fine-tuning, constrains its competitive edge.

by Eva Cook
Rated on Published on

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Portfolio Holdings IPOAX

More IPOAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 51.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

18.19 118M
Technology

Samsung Electronics Co Ltd

10.06 65M
Technology

SK hynix Inc

5.80 38M
Technology

Powszechny Zaklad Ubezpieczen SA

3.16 20M
Financial Services

Petroleo Brasileiro SA Petrobras

2.79 18M
Energy

Firstrand Ltd

2.53 16M
Financial Services

NetEase Inc Ordinary Shares

2.52 16M
Communication Services

Bank Of China Ltd Class H

2.34 15M
Financial Services

Industrial And Commercial Bank Of China Ltd Class H

1.91 12M
Financial Services

Hon Hai Precision Industry Co Ltd

1.87 12M
Technology

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