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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ARGA EMERGING MARKETS VALUE FUND

ARMIX | Fund

$20.99

$2.07 B

2.23%

$0.46

0.82%

Vitals

YTD Return

49.8%

1 yr return

91.5%

3 Yr Avg Return

36.2%

5 Yr Avg Return

20.1%

Net Assets

$2.07 B

Holdings in Top 10

31.7%

52 WEEK LOW AND HIGH

$20.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ARGA EMERGING MARKETS VALUE FUND

ARMIX | Fund

$20.99

$2.07 B

2.23%

$0.46

0.82%

ARMIX - Profile

Distributions

  • YTD Total Return 49.8%
  • 3 Yr Annualized Total Return 36.2%
  • 5 Yr Annualized Total Return 20.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.24%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ARGA EMERGING MARKETS VALUE FUND
  • Fund Family Name
    ARGA
  • Inception Date
    Jun 03, 2021
  • Shares Outstanding
    46674579
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Takashi Ito

Fund Description

p id="xdx_A8__eoef--StrategyNarrativeTextBlock_zMVKYyFjIIbF" style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of emerging market companies and in other instruments, such as shares of exchange-traded funds (“ETFs”), that have economic characteristics similar to such securities. This 80% investment policy can be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund may also invest up to 10% of its net assets, measured at the time of purchase, in frontier market countries. For this purpose, the Adviser will consider countries classified by Morgan Stanley Capital International (“MSCI”) as frontier market countries. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"The Fund mainly invests in common stocks and depositary receipts (including American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”)), but may also invest in master limited partnerships /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"(“MLPs”), preferred stocks, ETFs and real estate investment trusts (“REITs”). Depositary receipts are certificates typically issued by a bank or trust company that represent ownership interests in securities of non-U.S. companies. Typically, the Fund invests in securities of companies with a market capitalization of at least $500 million. The Fund may invest in securities denominated in any currency. The Fund may also invest in participation notes (“P-Notes”) or private placements to replicate equity exposure in certain emerging market countries where direct investment is either impossible or difficult due to local investment restrictions. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"For purposes of the Fund’s 80% investment policy, the Adviser generally considers an instrument to have economic characteristics similar to emerging market securities if, for instance, the value of the instrument is determined by the value of certain underlying emerging market securities (such as a P-Note); if the instrument is composed of, or invests in, certain emerging market securities (such as an ETF); or if the value of the instrument is otherwise correlated to the value of certain emerging market securities. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"The Fund considers a company to be an emerging market company if any of the following apply: (1) the company’s principal securities trading market is in an emerging market country; (2) while traded in any market, alone or on a consolidated basis, the company derives 50% or more of its business, revenues or profits from emerging market countries; (3) the company has 50% or more of its assets, employees or operations located in emerging market countries; or (4) the company is organized under the laws of, or has a principal office in, an emerging market country. The Adviser has discretion to determine which countries are “emerging market countries,” although those classified by MSCI as emerging market countries typically will be included, together with other countries deemed by the Adviser to be at a similar stage of economic development as such countries. From time to time, the Fund may focus its investments in a particular country, geographic region or sector. The Fund may invest in A-Shares of companies based in the People’s Republic of China (“China”) that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai – Hong Kong and Shenzhen – Hong Kong Stock Connect programs (“Stock Connect”). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"In seeking to achieve the Fund’s investment objective, the Adviser utilizes a “value style” of investing. The Adviser believes that investors overreact to short-term developments in companies, /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"leading to opportunities to generate gains as the companies recover. The Adviser’s valuation-focused process uses a dividend discount model to select stocks that trade at a discount to intrinsic value based on a company’s long-term earnings power and dividend-paying capability. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"In selecting securities to buy for the Fund, the Adviser combines quantitative screens with fundamental research. The Adviser first filters the Fund’s universe of investable companies to companies with market capitalization of at least $500 million. The Adviser’s quantitative screens then rank this filtered group of companies on key value metrics, including price-to-consensus forecast earnings, price-to-book value, dividend yield and normalized earnings yields (adjusted for return on invested capital). The Adviser then generally prioritizes the top 20% of the ranked companies for research. This enables the Adviser to focus its analysis on a “buy universe” of companies that appear statistically undervalued. Fundamental research is then used to develop fundamental forecasts to estimate long-term earnings power and dividend paying capability of the companies, such as revenue growth rates and operating margins. The research also considers various economic and company-specific scenarios that may affect these fundamental forecasts. These forecasts are then inputted in the Adviser’s dividend discount model, which estimates the present value of future forecast dividend payments by discounting them at an appropriate interest rate. In other words, the Adviser’s dividend discount model estimates what these forecasted dividend payments are worth in today’s dollars. The Adviser then selects securities from the buy universe that the Adviser perceives as trading at a discount to intrinsic value as estimated by the dividend discount model. Generally, the more attractive the Adviser views the valuation upside, after taking into consideration potential risks, the larger the position size. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"Further, the Adviser considers sustainability as encompassing broad environmental and other economic factors that may impact companies’ long-term earnings and valuations. Sustainability risks and opportunities are evaluated in the Adviser’s investment process similar to other fundamental factors. Where material and quantifiable, considerations such as sustainability impacts on costs, earnings, market share and competitive position, may affect the Adviser’s assessment of company valuations. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-left: 18pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"The Adviser will generally sell a security when it moves into the bottom half of the buy universe on valuation and has a relatively low expected return to intrinsic value. Additionally, the Adviser may sell a security if its fundamentals deteriorate or if the Adviser identifies another security that the Adviser believes has a relatively more attractive discount to intrinsic value. /p
Read More

ARMIX - Performance

Return Ranking - Trailing

Period ARMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 49.8% -18.5% 102.9% 1.90%
1 Yr 91.5% -14.2% 239.7% 1.74%
3 Yr 36.2%* -0.2% 66.1% 1.27%
5 Yr 20.1%* -11.3% 25.5% N/A
10 Yr N/A* 0.8% 21.5% N/A

* Annualized

Return Ranking - Calendar

Period ARMIX Return Category Return Low Category Return High Rank in Category (%)
2025 37.8% -39.1% 56.9% 9.94%
2024 4.6% -24.0% 31.7% 47.95%
2023 12.9% -6.5% 35.5% 19.12%
2022 -4.9% -50.1% -2.4% 0.65%
2021 N/A -33.1% 22.5% N/A

Total Return Ranking - Trailing

Period ARMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 49.8% -18.5% 102.9% 1.90%
1 Yr 91.5% -14.2% 239.7% 1.74%
3 Yr 36.2%* -0.2% 66.1% 1.27%
5 Yr 20.1%* -11.3% 25.5% N/A
10 Yr N/A* 0.8% 21.5% N/A

* Annualized

Total Return Ranking - Calendar

Period ARMIX Return Category Return Low Category Return High Rank in Category (%)
2025 47.2% 0.1% 87.2% 2.52%
2024 8.2% -16.6% 31.7% 27.92%
2023 16.7% -2.5% 42.0% 16.43%
2022 -1.2% -42.2% 1.9% 0.65%
2021 N/A -32.5% 33.1% N/A

NAV & Total Return History

ARMIX - Holdings

Concentration Analysis

ARMIX Category Low Category High ARMIX % Rank
Net Assets 2.07 B 682 K 160 B 31.86%
Number of Holdings 67 10 7640 77.13%
Net Assets in Top 10 522 M 290 K 47.3 B 37.85%
Weighting of Top 10 31.73% 2.9% 107.6% 78.04%

Top 10 Holdings

  1. SAMSUNG ELECTRONICS CO LTD COMMON STOCK 6.37%
  2. TENCENT HOLDINGS LTD COMMON STOCK 3.58%
  3. B3 SA-BRASIL BOLSA BALCAO COMMON STOCK 3.16%
  4. PRIO SA COMMON STOCK 2.83%
  5. MEDIATEK INC COMMON STOCK 2.78%
  6. SK HYNIX INC COMMON STOCK 2.76%
  7. YAGEO CORPORATION COMMON STOCK 2.74%
  8. TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK 2.54%
  9. XP INC - CLASS A COMMON STOCK 2.50%
  10. PETROLEO BRASILEIRO-SPON ADR DEPOSITARY RECEIPT 2.46%

Asset Allocation

Weighting Return Low Return High ARMIX % Rank
Stocks 		93.88% 0.00% 102.89% 80.13%
Cash 		6.08% -2.03% 17.54% 7.73%
Preferred Stocks 		0.05% 0.00% 12.21% 57.41%
Convertible Bonds 		0.00% 0.00% 7.40% 58.82%
Bonds 		0.00% 0.00% 138.18% 61.83%
Other 		0.00% -0.56% 10.07% 92.59%

Stock Sector Breakdown

Weighting Return Low Return High ARMIX % Rank
Financial Services 		30.17% 0.00% 48.86% 4.96%
Consumer Cyclical 		24.54% 0.00% 48.94% 2.08%
Technology 		11.53% 0.00% 47.50% 93.92%
Communication Services 		9.72% 0.00% 39.29% 40.00%
Industrials 		5.67% 0.00% 43.53% 57.44%
Consumer Defense 		5.40% 0.00% 25.90% 67.84%
Energy 		5.36% 0.00% 24.80% 32.96%
Basic Materials 		3.01% 0.00% 30.03% 87.52%
Real Estate 		1.94% 0.00% 17.15% 40.80%
Healthcare 		1.39% 0.00% 16.53% 85.76%
Utilities 		1.29% 0.00% 39.12% 50.56%

Stock Geographic Breakdown

Weighting Return Low Return High ARMIX % Rank
Non US 		82.32% 0.00% 100.93% 59.62%
US 		11.55% 0.00% 96.45% 42.11%

ARMIX - Expenses

Operational Fees

ARMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.02% 26.99% 81.49%
Management Fee 0.70% 0.00% 1.50% 23.54%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

ARMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ARMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

ARMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 189.00% N/A

ARMIX - Distributions

Dividend Yield Analysis

ARMIX Category Low Category High ARMIX % Rank
Dividend Yield 2.23% 0.00% 9.74% 17.82%

Dividend Distribution Analysis

ARMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

ARMIX Category Low Category High ARMIX % Rank
Net Income Ratio 4.24% -1.98% 17.62% 1.31%

Capital Gain Distribution Analysis

ARMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Distributions History

View More +

ARMIX - Fund Manager Analysis

Managers

Takashi Ito

Start Date

Tenure

Tenure Rank

Jun 03, 2021

0.99

1.0%

Before joining ARGA in 2012, Mr. Ito was Director of Business Development at Vestec, a Canadian voice-recognition company. At Vestec from 2011 to 2012, he founded Highview Research, an advisor to the Silverstone Fund, a global long-short, market-neutral fund focused on the Automotive sector. Working for the Silverstone Fund in Tokyo from 2004 to 2011, Mr. Ito was responsible for Asian and Japanese investments, and designed processes for risk control and position sizing. The Silverstone Fund was nominated for Best Global Equity Fund award in 2008 by London’s Eurohedge. Previously at UBS Global Asset Management and Citigroup Asset Management, Mr. Ito covered global and Japanese consumer durable and capital goods companies. Mr. Ito graduated from Sophia University, Toyko, with a degree in International Economics in 1993 and is a Chartered Financial Analyst.

P. Sujith Kumar

Start Date

Tenure

Tenure Rank

Jun 03, 2021

0.99

1.0%

Before joining ARGA in 2010, Mr. Kumar was Analyst at ICRA Ltd., a leading credit rating agency in India. At ICRA, he worked with the corporate ratings division, handling credit rating assignments across multiple industries including Auto Ancillaries, Hotels and Textiles. Mr. Kumar earned an M.B.A from Indian Institute of Management (IIM), Lucknow, in 2009, graduating in the top 5% of his class. At IIM, he was Fund Manager at Credence Capital, a student-run fund of IIM that invested in Indian equity markets, and received the Apeejay Trust Scholarship for academic excellence. He received a B. Tech. in Computer Science from National Institute of Technology, Calicut, India, in 2007.

A. Rama Krishna

Start Date

Tenure

Tenure Rank

Jun 03, 2021

0.99

1.0%

Mr. Krishna has over 25 years’ experience in managing international equities. Before founding ARGA in 2010, Mr. Krishna was President, International of Pzena Investment Management (NYSE: PZN) and Managing Principal, Member of Executive Committee, and Portfolio Manager of its operating company in New York. While at Pzena from 2003 to 2010, he led development of the International Value and Global Value strategies, co-managed the Emerging Markets Value strategy, and managed the US Large Cap Value strategy. Mr. Krishna was previously at Citigroup Asset Management, where he was Chief Investment Officer and Head of Institutional and International. He also represented the asset management business on the Citigroup Management Committee and directly managed the Global Emerging Markets Equity strategy. Before that, Mr. Krishna was Director of International Equity Research, Portfolio Manager, International Equities and Chief Investment Officer, Emerging Markets Equities at AllianceBernstein in New York, London and Tokyo. Earlier, he worked at Credit Suisse First Boston in New York, Tokyo and Singapore, first as Equity Research Analyst and later as Chief Investment Strategist and Director - Equity Research. Mr. Krishna earned a joint M.B.A./M.A. in Asian Studies with a Japan Specialization from the University of Michigan in 1987 and a B.A. (Honors) in Economics from St. Stephen’s College, The University of Delhi in 1984. He received University of Michigan’s Prize Fellowship in Japanese Business and University Fellowship, and Middlebury College Scholarship. He was on the MSCI Editorial Advisory Board and is a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.79 13.42

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