Nomura Emerging Markets Fund
Fund
DEMRX
Price as of:
$65.41
+ $1.53
+ 2.40%
Primary Theme
fund company
N/A
Name
As of 06/01/2026Price
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
Vitals
YTD Return
107.3%
1 yr return
245.4%
3 Yr Avg Return
64.7%
5 Yr Avg Return
24.8%
Net Assets
$12.2 B
Holdings in Top 10
79.4%
52 WEEK LOW AND HIGH
$63.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.82%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
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
DEMRX - Profile
Distributions
- YTD Total Return 107.3%
- 3 Yr Annualized Total Return 64.7%
- 5 Yr Annualized Total Return 24.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.83%
- Dividend Yield 7.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNomura Emerging Markets Fund
-
Fund Family NameNomura Funds (formerly, Macquarie Funds)
-
Inception DateAug 31, 2009
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLiu-Er Chen
Fund Description
The Fund invests primarily in a broad range of equity securities of companies located in emerging market countries.Emerging market countries include those currently considered to be developing by the World Bank, the United Nations, or the countries’ governments. These countries typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central America, South America, and Africa. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, will be invested in emerging market issuers (80% policy). The Fund may invest in companies of any size and may invest more than 25% of its total assets in the securities of issuers located in the same country. The Fund will primarily invest in countries included in the MSCI Emerging Markets Index. Benchmark weightings may result in the Fund investing over 25% in any one country. The Fund may invest significantly in the Asia-Pacific region, which consists of Hong Kong, the People’s Republic of China, Republic of Korea, Taiwan, and India, among other countries. As a result, the Fund’s investments in the region may be particularly susceptible to risks in that region.
Although the Fund invests primarily in companies from countries considered to be emerging, the Fund will also invest in companies that are not in emerging countries: (1) if the Manager believes that the performance of a company or its industry will be influenced by opportunities in the emerging markets; (2) to maintain exposure to industry segments where the Manager believes there are not satisfactory investment opportunities in emerging countries; and (3) if the Manager believes there is the potential for significant benefit to the Fund.
The Manager believes that although market price and intrinsic business value are positively correlated in the long run, short-term divergences can emerge. The Fund seeks to take advantage of these divergences through a fundamental, bottom-up approach. The Fund invests in securities of companies that the Manager believes have durable franchises when they are trading at a discount to the Manager’s intrinsic value estimate for that security.
The Manager defines durable franchises as those companies with potential to earn excess returns above their cost of capital over the long run. Durability analysis involves identification of a company’s source of competitive advantage and the ability of its management to maximize its return potential. The Manager prefers companies with large market opportunities in which to deploy capital, providing opportunities to grow faster than the overall economy.
Intrinsic value assessment is quantitatively determined through a variety of valuation methods including discounted cash flow, replacement cost, private market transaction, and multiples analysis.
The Fund’s 80% policy is nonfundamental and may be changed without shareholder approval. Fund shareholders would be given at least 60 days’ notice prior to any such change.
DEMRX - Performance
Return Ranking - Trailing
| Period | DEMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 107.3% | -18.5% | 102.9% | 0.63% |
| 1 Yr | 245.4% | -14.2% | 239.7% | 0.63% |
| 3 Yr | 64.7%* | -0.2% | 66.1% | 0.63% |
| 5 Yr | 24.8%* | -11.3% | 25.5% | 0.67% |
| 10 Yr | 21.0%* | 0.8% | 21.5% | 0.91% |
* Annualized
Return Ranking - Calendar
| Period | DEMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 54.6% | -39.1% | 56.9% | 0.63% |
| 2024 | 4.5% | -24.0% | 31.7% | 49.13% |
| 2023 | 14.2% | -6.5% | 35.5% | 13.45% |
| 2022 | -29.9% | -50.1% | -2.4% | 83.20% |
| 2021 | -5.3% | -33.1% | 22.5% | 50.43% |
Total Return Ranking - Trailing
| Period | DEMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 107.3% | -18.5% | 102.9% | 0.63% |
| 1 Yr | 245.4% | -14.2% | 239.7% | 0.63% |
| 3 Yr | 64.7%* | -0.2% | 66.1% | 0.63% |
| 5 Yr | 24.8%* | -11.3% | 25.5% | 0.67% |
| 10 Yr | 21.0%* | 0.8% | 21.5% | 0.91% |
* Annualized
Total Return Ranking - Calendar
| Period | DEMRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 86.1% | 0.1% | 87.2% | 0.63% |
| 2024 | 6.0% | -16.6% | 31.7% | 56.87% |
| 2023 | 17.0% | -2.5% | 42.0% | 15.51% |
| 2022 | -28.3% | -42.2% | 1.9% | 87.60% |
| 2021 | -2.6% | -32.5% | 33.1% | 58.75% |
NAV & Total Return History
DEMRX - Holdings
Concentration Analysis
| DEMRX | Category Low | Category High | DEMRX % Rank | |
|---|---|---|---|---|
| Net Assets | 12.2 B | 682 K | 160 B | 7.11% |
| Number of Holdings | 113 | 10 | 7640 | 42.81% |
| Net Assets in Top 10 | 8.77 B | 290 K | 47.3 B | 4.58% |
| Weighting of Top 10 | 79.38% | 2.9% | 107.6% | 0.95% |
Top 10 Holdings
- SK Square Co Ltd KRW100 28.39%
- Taiwan Semiconductor Manufacturing Co., Ltd. TWD10 14.68%
- SK Hynix Inc. KRW5000 14.15%
- Samsung Electronics Co Ltd. KRW100 7.08%
- Samsung CT Corporation KRW100 4.45%
- Reliance Industries Ltd. INR10(100%DEMAT) 2.91%
- Alibaba Group Holding Ltd. SPONSORED ADS 2.65%
- MediaTek Inc. TWD10 2.17%
- Tencent Holdings Ltd. HKD0.00002 1.61%
- Reliance Industries Ltd. GDR (REPR 2 ORD INR10 LEVEL1)(REG S-UP) 1.30%
Asset Allocation
| Weighting | Return Low | Return High | DEMRX % Rank | |
|---|---|---|---|---|
| Stocks | 99.30% | 0.00% | 102.89% | 15.01% |
| Preferred Stocks | 1.27% | 0.00% | 12.21% | 38.55% |
| Other | 0.00% | -0.56% | 10.07% | 31.28% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 8.44% |
| Cash | 0.00% | -2.03% | 17.54% | 97.47% |
| Bonds | 0.00% | 0.00% | 138.18% | 16.11% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DEMRX % Rank | |
|---|---|---|---|---|
| Technology | 36.91% | 0.00% | 47.50% | 2.08% |
| Communication Services | 13.58% | 0.00% | 39.29% | 6.25% |
| Consumer Defense | 12.75% | 0.00% | 25.90% | 5.77% |
| Consumer Cyclical | 11.79% | 0.00% | 48.94% | 52.88% |
| Energy | 11.27% | 0.00% | 24.80% | 2.56% |
| Basic Materials | 6.40% | 0.00% | 30.03% | 66.03% |
| Financial Services | 5.37% | 0.00% | 48.86% | 98.08% |
| Healthcare | 1.19% | 0.00% | 16.53% | 88.94% |
| Industrials | 0.68% | 0.00% | 43.53% | 95.67% |
| Real Estate | 0.04% | 0.00% | 17.15% | 82.05% |
| Utilities | 0.02% | 0.00% | 39.12% | 68.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DEMRX % Rank | |
|---|---|---|---|---|
| Non US | 84.13% | 0.00% | 100.93% | 54.19% |
| US | 15.17% | 0.00% | 96.45% | 28.44% |
DEMRX - Expenses
Operational Fees
| DEMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.82% | 0.02% | 26.99% | 21.08% |
| Management Fee | 1.13% | 0.00% | 1.50% | 94.30% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 63.60% |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| DEMRX 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
| DEMRX 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.
| DEMRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 4.00% | 0.00% | 189.00% | 0.99% |
DEMRX - Distributions
Dividend Yield Analysis
| DEMRX | Category Low | Category High | DEMRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.68% | 0.00% | 9.74% | 40.44% |
Dividend Distribution Analysis
| DEMRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| DEMRX | Category Low | Category High | DEMRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.83% | -1.98% | 17.62% | 21.24% |
Capital Gain Distribution Analysis
| DEMRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2025 | $4.904 | OrdinaryDividend |
| Dec 15, 2025 | $0.955 | CapitalGainLongTerm |
| Dec 16, 2024 | $0.298 | OrdinaryDividend |
| Dec 18, 2023 | $0.466 | OrdinaryDividend |
| Dec 16, 2022 | $0.216 | OrdinaryDividend |
| Dec 31, 2021 | $0.239 | OrdinaryDividend |
| Dec 17, 2021 | $0.452 | OrdinaryDividend |
| Dec 18, 2020 | $0.143 | OrdinaryDividend |
| Dec 19, 2019 | $0.061 | OrdinaryDividend |
| Dec 21, 2018 | $0.004 | OrdinaryDividend |
| Dec 22, 2017 | $0.273 | OrdinaryDividend |
| Dec 22, 2016 | $0.068 | OrdinaryDividend |
| Dec 22, 2014 | $0.285 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.023 | OrdinaryDividend |
| Dec 22, 2014 | $0.063 | CapitalGainShortTerm |
| Dec 20, 2013 | $0.077 | OrdinaryDividend |
| Dec 21, 2012 | $0.075 | OrdinaryDividend |
| Dec 22, 2011 | $0.025 | CapitalGainShortTerm |
| Dec 22, 2011 | $0.114 | CapitalGainLongTerm |
| Dec 22, 2011 | $0.094 | OrdinaryDividend |
| Dec 22, 2010 | $0.043 | OrdinaryDividend |
| Dec 22, 2009 | $0.005 | OrdinaryDividend |
DEMRX - Fund Manager Analysis
Managers
Liu-Er Chen
Start Date
Tenure
Tenure Rank
Sep 25, 2006
15.69
15.7%
Liu-Er Chen, CFA, Senior Vice President, Chief Investment Officer — Emerging Markets and Healthcare, is a Portfolio Manager in Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust. Mr. Chen heads the firm's global Emerging Markets team. Prior to joining Macquarie Investment Management (MIM) in September 2006 in his current position, Mr. Chen spent nearly 11 years at Evergreen Investment Management Company, where he most recently served as Managing Director and Senior Portfolio Manager. Mr. Chen began his career at Evergreen in 1995 as an analyst.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.79 | 13.42 |