Macquarie Pooled Emerging Markets
Name
As of 02/16/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.4%
1 yr return
-11.5%
3 Yr Avg Return
-2.0%
5 Yr Avg Return
-2.9%
Net Assets
$59.8 M
Holdings in Top 10
40.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 42.00%
Redemption Fee 0.45%
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/16/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DPEMX - Profile
Distributions
- YTD Total Return 7.4%
- 3 Yr Annualized Total Return -2.0%
- 5 Yr Annualized Total Return -2.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.86%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annually
Fund Details
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Legal NameMacquarie Pooled Trust Emerging Markets Portfolio
-
Fund Family NameMacquarie Investment Management
-
Inception DateApr 16, 1997
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAndrew Miller
Fund Description
Macquarie Emerging Markets Portfolio is an international fund. The Portfolio generally invests in equity securities of companies organized in, having a majority of their assets in, or deriving a majority of their operating income from, emerging countries. Equity securities include, but are not limited to, common stocks, preferred stocks, convertible securities, certain nontraditional equity securities, and warrants. To the extent that this Portfolio invests in convertible debt securities, those securities will be purchased on the basis of their equity characteristics, and ratings of those securities, if any, will not be an important factor in their selection.
Under normal circumstances, the Portfolio will invest at least 80% of its net assets, plus any borrowings for investment purposes, in investments of emerging market issuers (80% Policy). The Portfolio’s 80% Policy may be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any such change. Under normal circumstances, the Portfolio will invest at least 40% of its total assets in securities of non-US issuers. This policy is in addition to the 80% Policy.
The Portfolio considers an “emerging country” to be any country that is generally recognized to be an emerging or developing country by the international financial community, including the World Bank and the International Finance Corporation, as well as countries that are classified by the United Nations as developing. In addition, any country that is included in the International Finance Corporation Free Index or MSCI Emerging Markets Index will be considered to be an “emerging country.” There are more than 130 countries that are generally considered to be emerging or developing countries by the international financial community, approximately 40 of which currently have stock markets. Almost every nation in the world is included within this group of developing or emerging countries except the US, Canada, Japan, Australia, New Zealand, and nations located in Western Europe.
The Portfolio will focus its investments in those emerging countries where the Portfolio’s portfolio managers consider the economies to be developing strongly and where the markets are becoming more sophisticated. Currently, investing in many other emerging countries is not feasible, or may, in the portfolio managers’ opinion, involve unacceptable political risks. The portfolio managers believe that investment opportunities may result from an evolving long-term international trend favoring more market-oriented economies, a trend that may particularly benefit certain countries having developing markets. This trend may be facilitated by local or international political, economic, or financial developments that could benefit the capital markets in such countries.
In considering possible emerging countries in which the Portfolio may invest, the portfolio managers will place particular emphasis on factors such as economic conditions (including growth trends, inflation rates, and trade balances), regulatory and currency controls, accounting standards, and political and social conditions. The portfolio managers currently anticipate that the countries in which the Portfolio may invest will include, among others, Argentina, Brazil, Chile, China, Colombia, Croatia, the Czech Republic, Egypt, Estonia, Ghana, Greece, Hong Kong, Hungary, India, Indonesia, Jordan, Kazakhstan, Kenya, Malaysia, Mexico, Morocco, North Korea, Pakistan, Panama, Peru, the Philippines, Poland, Qatar, Romania, Russia, Saudi Arabia, Slovenia, South Africa, South Korea, Sri Lanka, Taiwan, Thailand, Turkey, Ukraine, United Arab Emirates, Venezuela, Vietnam, and Zimbabwe. As markets in other emerging countries develop, the portfolio managers expect to expand and further diversify the countries in which the Portfolio invests.
Although this is not an exhaustive list, the portfolio managers consider an emerging country equity security to be one that is issued by a company that exhibits one or more of the following characteristics: (1) its principal securities trading market is in an emerging country, as defined above; (2) while traded in any market, alone or on a consolidated basis, the company derives 50% or more of its annual revenues from either goods produced, sales made or services performed in emerging countries; or (3) it is organized under the laws of, and has a principal office in, an emerging country. The portfolio managers will determine eligibility based on publicly available information and inquiries made of the companies.
The Portfolio may invest in securities issued in any currency and may hold foreign currency. Securities of issuers within a given country may be denominated in the currency of another country or in multinational currency units, including the euro. For temporary defensive purposes, the Portfolio may invest all or a substantial portion of its assets in high-quality debt instruments.
Currency considerations carry a special risk for a portfolio of international securities. The portfolio managers use a purchasing power parity approach to evaluate currency risk. In this regard, the Portfolio may actively carry on hedging activities, and may invest in forward foreign currency contracts to hedge currency risks associated with the purchase of individual securities denominated in a particular currency.
The portfolio managers consider material ESG opportunities and risks as an integrated part of the investment process.
DPEMX - Performance
Return Ranking - Trailing
Period | DPEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.4% | -32.7% | 14.6% | 5.31% |
1 Yr | -11.5% | -50.4% | 9.7% | 14.51% |
3 Yr | -2.0%* | -18.5% | 65.3% | 29.59% |
5 Yr | -2.9%* | -14.0% | 31.7% | 31.13% |
10 Yr | -3.0%* | -12.3% | 11.5% | 91.10% |
* Annualized
Return Ranking - Calendar
Period | DPEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -16.8% | -50.1% | 15.9% | 13.16% |
2022 | -3.2% | -26.9% | 16.3% | 55.29% |
2021 | 3.2% | -7.2% | 79.7% | 80.47% |
2020 | 3.5% | -14.2% | 9.4% | 77.99% |
2019 | -3.3% | -11.5% | 24.0% | 21.30% |
Total Return Ranking - Trailing
Period | DPEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.4% | -50.8% | 14.6% | 5.31% |
1 Yr | -11.5% | -50.4% | 30.2% | 14.83% |
3 Yr | -2.0%* | -18.5% | 65.3% | 29.88% |
5 Yr | -2.5%* | -14.0% | 31.7% | 26.41% |
10 Yr | -0.4%* | -12.3% | 11.5% | 62.57% |
* Annualized
Total Return Ranking - Calendar
Period | DPEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -16.8% | -50.1% | 15.9% | 13.16% |
2022 | -3.2% | -18.2% | 16.3% | 55.29% |
2021 | 3.2% | -7.2% | 79.7% | 80.47% |
2020 | 3.5% | -14.2% | 10.3% | 77.99% |
2019 | -2.9% | -9.7% | 24.0% | 13.12% |
NAV & Total Return History
DPEMX - Holdings
Concentration Analysis
DPEMX | Category Low | Category High | DPEMX % Rank | |
---|---|---|---|---|
Net Assets | 59.8 M | 717 K | 102 B | 76.75% |
Number of Holdings | 58 | 2 | 6734 | 83.55% |
Net Assets in Top 10 | 23.2 M | 565 | 19.3 B | 76.09% |
Weighting of Top 10 | 40.60% | 2.8% | 100.0% | 23.63% |
Top 10 Holdings
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
- Alibaba Group Holding Ltd Ordinary Shares 10.07%
Asset Allocation
Weighting | Return Low | Return High | DPEMX % Rank | |
---|---|---|---|---|
Stocks | 99.32% | 0.90% | 110.97% | 20.09% |
Cash | 0.68% | -23.67% | 20.19% | 75.86% |
Preferred Stocks | 0.00% | 0.00% | 2.67% | 76.09% |
Other | 0.00% | -1.48% | 9.95% | 72.54% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 70.18% |
Bonds | 0.00% | -0.03% | 55.68% | 74.11% |
DPEMX - Expenses
Operational Fees
DPEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.25% | 0.01% | 2.69% | 38.16% |
Management Fee | 1.00% | 0.00% | 2.00% | 79.12% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
DPEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DPEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 0.45% | 0.40% | 2.00% | 96.83% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DPEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 42.00% | 0.00% | 190.00% | 46.39% |
DPEMX - Distributions
Dividend Yield Analysis
DPEMX | Category Low | Category High | DPEMX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.42% | 0.00% | 13.36% | 85.63% |
Dividend Distribution Analysis
DPEMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Semi-Annually |
Net Income Ratio Analysis
DPEMX | Category Low | Category High | DPEMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.86% | -1.98% | 17.62% | 45.39% |
Capital Gain Distribution Analysis
DPEMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 16, 2021 | $0.209 | OrdinaryDividend |
Dec 15, 2020 | $0.109 | OrdinaryDividend |
Dec 18, 2019 | $0.171 | OrdinaryDividend |
Dec 20, 2018 | $0.160 | OrdinaryDividend |
Dec 20, 2017 | $0.339 | OrdinaryDividend |
Dec 20, 2016 | $0.262 | OrdinaryDividend |
Dec 18, 2015 | $0.180 | OrdinaryDividend |
Dec 19, 2014 | $0.221 | OrdinaryDividend |
Dec 19, 2013 | $0.178 | OrdinaryDividend |
Dec 19, 2012 | $0.239 | OrdinaryDividend |
Dec 22, 2010 | $0.330 | OrdinaryDividend |
Dec 17, 2009 | $0.212 | OrdinaryDividend |
Dec 18, 2003 | $0.260 | OrdinaryDividend |
Dec 18, 2002 | $0.225 | OrdinaryDividend |
Dec 19, 2001 | $0.183 | OrdinaryDividend |
Dec 20, 2000 | $0.114 | OrdinaryDividend |
Dec 22, 1999 | $0.104 | OrdinaryDividend |
Dec 28, 1998 | $0.130 | OrdinaryDividend |
Dec 23, 1997 | $0.025 | OrdinaryDividend |
DPEMX - Fund Manager Analysis
Managers
Andrew Miller
Start Date
Tenure
Tenure Rank
Feb 28, 2012
10.26
10.3%
Mr. Miller has a BA (Hons) degree in History from the University of Birmingham. Prior to joining Mondrian in 2000, he worked in the Investment Management department of PricewaterhouseCoopers, where he was responsible for the analysis and audit of various investment vehicles. Whilst at Mondrian, Mr. Miller has specialized in Emerging Markets and he is now the Chief Investment Officer for this product. Mr. Miller holds the ASIP designation and is a member of the CFA Institute and the CFA Society of the UK.
Ginny Chong
Start Date
Tenure
Tenure Rank
Feb 28, 2012
10.26
10.3%
Prior to joining Mondrian in 2000, Ms. Chong worked for PricewaterhouseCoopers in Vancouver, within the Corporate Finance and Investment Banking Division where she qualified as a Canadian Chartered Accountant. Ms. Chong has a degree in Commerce from the University of British Columbia, Vancouver. Ms. Chong is presently a senior portfolio manager within the Emerging Markets Team. Ms. Chong is a CFA Charterholder and a member of the CFA Institute and the CFA Society of the UK.
Gregory Halton
Start Date
Tenure
Tenure Rank
Jul 11, 2013
8.89
8.9%
Having graduated from St Catherine’s College, Oxford in 2000 with a MEng (Hons) in Engineering Science, Mr. Halton worked in the global equity division of Deutsche Asset Management before joining Mondrian in 2004. Mr. Halton is a senior portfolio manager within the Emerging Markets Team. Mr. Halton is a CFA Charterholder and a member of the CFA Institute and the CFA Society of the UK.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.42 | 13.42 |