ClearBridge Emerging Markets Fund Class I MCEIX

Morningstar Medalist Rating
  • NAV / 1-Day Return $18.51  /  +0.87 %
  • Fund Size $375.4M
  • Adjusted Expense Ratio 0.950%
  • Net Expense Ratio 0.960%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Diversified Emerging Markets
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 0.48%
  • Turnover Ratio 25%

Morningstar’s Analysis MCEIX

Will MCEIX outperform in the future?

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

Proven process and established team deliver as style tailwinds reward conviction.

 Cerise Bootsma

Cerise Bootsma

Summary

The ClearBridge Emerging Markets strategy, formerly branded under Martin Currie, is led by an experienced, tenured seven-person team that applies a consistent quality-growth process. Andrew Mathewson continues to lead the team from a people-management perspective. The team’s flat structure—where each member operates as both analyst and portfolio manager with equal voting rights—encourages rigorous debate and meaningfully mitigates key-person risk. Solid succession planning has been demonstrated in practice, with Robbie McNab joining in May 2026 as a deliberate, experience-matched replacement for retiring Paul Sloane. The strategy’s rebranding from Martin Currie to ClearBridge in 2025 has been smooth and provides the team with greater access to resources that is beneficial for investors.

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Portfolio Holdings MCEIX

  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 55.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

16.32 68M
Technology

Samsung Electronics Co Ltd

11.19 46M
Technology

SK hynix Inc

8.02 33M
Technology

Tencent Holdings Ltd

4.66 19M
Communication Services

MediaTek Inc

3.10 13M
Technology

Delta Electronics Inc

3.04 13M
Technology

Shinhan Financial Group Co Ltd

2.94 12M
Financial Services

Taiwan Semiconductor Manufacturing Co Ltd ADR

2.49 10M
Technology

Capitec Ltd

1.93 8M
Financial Services

ICICI Bank Ltd ADR

1.91 8M
Financial Services

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