<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"><channel><title>EMCS filings -- what changed, from SEC Form N-PORT | Mulden</title><description>Each N-PORT filing of EMCS compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.</description><link>https://themulden.com/</link><language>en</language><item><title>EMCS: filing for 2026-05-29 -- 7 added, 8 dropped, turnover 15.1%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>56 positions became 55: 7 added (6.63% of the fund), 8 dropped (5.5%). Turnover proxy 15.1%. Largest increases: SK HYNIX INC 5.29% to 9.26%; SAMSUNG ELECTRONICS CO LTD 9.8% to 11.45%; MEDIATEK INC 1.55% to 2.41%; TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 18.53% to 19.27%; DELTA ELECTRONICS INC 1.63% to 2.25%; DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES 0.41% to 0.6%. Largest decreases: TENCENT HOLDINGS LTD 5.74% to 4.41%; ALIBABA GROUP HOLDING LTD 4.06% to 3.01%; PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD 2.12% to 1.49%; ITAUSA SA 1.68% to 1.13%; RELIANCE INDUSTRIES LTD 1.58% to 1.11%; WOORI FINANCIAL GROUP INC 1.09% to 0.66%. New: ITAU UNIBANCO HOLDING SA (1.31%), ASE TECHNOLOGY HOLDING CO LTD (1.23%), SK SQUARE CO LTD (1.18%), HYUNDAI MOTOR COMPANY (1.15%), TELEFONICA BRASIL SA (0.82%), FIBRA UNO ADMINISTRACION SA DE CV (0.82%). Gone: Industrial Bank of Korea (1.13%), America Movil S.A.B. de C.V. (1.03%), SCB X PCL (0.91%), Tata Consultancy Services Ltd. (0.76%), Motiva Infraestrutura De Mobilidade SA (0.74%), Centrais Elet Bras Sa Eletrobras (0.7%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Wed, 29 Jul 2026 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2026-02-27 -- 3 added, 4 dropped, turnover 14%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>57 positions became 56: 3 added (2.35% of the fund), 4 dropped (2.21%). Turnover proxy 14%. Largest increases: Samsung Electronics Co Ltd. 5.3% to 9.8%; Taiwan Semiconductor Manufacturing Co., Ltd. 15.85% to 18.53%; SK Hynix Inc. 3.08% to 5.29%; Southern Copper Corporation 1.35% to 1.85%; Delta Electronics Inc. 1.26% to 1.63%; Anglogold Ashanti PLC 1.21% to 1.51%. Largest decreases: TENCENT HOLDINGS LTD 8.12% to 5.74%; ALIBABA GROUP HOLDING LTD 5.16% to 4.06%; HDFC Bank Ltd. 2.42% to 1.76%; Reliance Industries Ltd. 2.15% to 1.58%; Meituan LLC 1.51% to 1%; XIAOMI CORP 1.68% to 1.19%. New: Piraeus Bank SA (1.28%), SCB X PCL (0.91%), Centrais Elet Bras Sa Eletrobras (0.16%). Gone: Piraeus Financial Holdings SA (1.3%), SCB X PCL (0.92%), EUREX CLEARING AKTIENGESELLSCHAFT (0%), BTS GROUP HOLDINGS PCL-NVDR (0%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Wed, 29 Apr 2026 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2025-11-28 -- 16 added, 11 dropped, turnover 19.1%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>52 positions became 57: 16 added (15.45% of the fund), 11 dropped (13.6%). Turnover proxy 19.1%. Largest increases: SK hynix Inc 2.11% to 3.08%; TSMC 14.95% to 15.85%; Samsung Electronics Co Ltd 4.67% to 5.3%; Alibaba Group Holding Ltd 4.6% to 5.16%; Itausa SA 1.43% to 1.63%; Southern Copper Corp 1.17% to 1.35%. Largest decreases: Tencent Holdings Ltd 8.92% to 8.12%; Xiaomi Corp 2.3% to 1.68%; DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES 0.96% to 0.38%; E.Sun Financial Holding Co Ltd 1.45% to 1.02%; PING AN 2.43% to 2.11%; Hon Hai Precision Industry Co 2% to 1.71%. New: Delta Electronics Inc (1.26%), Anglogold Ashanti Plc (1.21%), NetEase Inc (1.19%), Chang Hwa Commercial Bank Ltd (1.19%), NEPI Rockcastle NV (1.18%), China Life Insurance Co Ltd (1.11%). Gone: Itau Unibanco Holding SA (1.65%), TS Financial Holding Co Ltd (1.35%), Standard Bank Group Ltd (1.34%), Hindustan Unilever Ltd (1.32%), China Merchants Bank Co Ltd (1.3%), Naspers Ltd (1.27%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Tue, 27 Jan 2026 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2025-08-29 -- 0 added, 3 dropped, turnover 4.8%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>55 positions became 52: 0 added (0% of the fund), 3 dropped (0.03%). Turnover proxy 4.8%. Largest increases: TSMC 13.62% to 14.95%; Tencent Holdings Ltd 7.94% to 8.92%; Samsung Electronics Co Ltd 4.07% to 4.67%; SK Hynix Inc 1.73% to 2.11%; Hon Hai Precision Industry Co 1.68% to 2%; PING AN 2.12% to 2.43%. Largest decreases: Meituan 2.19% to 1.53%; Reliance Industries Ltd 2.42% to 2.09%; HDFC Bank Ltd 2.81% to 2.49%; BYD Co Ltd 1.62% to 1.33%; ICICI Bank Ltd 2.27% to 1.99%; Axis Bank Ltd 1.26% to 1%. Gone: Itausa SA (0.02%), EUREX CLEARING AKTIENGESELLSCHAFT (0.01%), Minor International PCL (0%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Wed, 22 Oct 2025 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2025-05-30 -- 5 added, 5 dropped, turnover 9%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>55 positions became 55: 5 added (3.49% of the fund), 5 dropped (4.02%). Turnover proxy 9%. Largest increases: Tata Consultancy Services Ltd 0.92% to 1.33%; HDFC Bank Ltd 2.45% to 2.81%; ICICI Bank Ltd 1.92% to 2.27%; Itausa SA 1.07% to 1.41%; Itau Unibanco Holding SA 1.32% to 1.63%; DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES 0.58% to 0.89%. Largest decreases: Alibaba Group Holding Ltd 5.72% to 4.82%; TSMC 14.15% to 13.62%; JD.com Inc 1.87% to 1.36%; Tencent Holdings Ltd 8.35% to 7.94%; Xiaomi Corp 2.72% to 2.36%; PDD Holdings Inc 1.74% to 1.41%. New: Piraeus Financial Holdings SA (1.3%), CTBC Financial Holding Co Ltd (1.2%), PETROBRAS (0.97%), Itausa SA (0.02%), EUREX CLEARING AKTIENGESELLSCHAFT (0.01%). Gone: Ambev SA (1.42%), CHINA OVERSEAS (1.35%), Kotak Mahindra Bank Ltd (1.25%), Itausa SA (0%), Hanwha Solutions Corp (0%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Fri, 25 Jul 2025 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2025-02-28 -- 2 added, 0 dropped, turnover 6.5%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>53 positions became 55: 2 added (0.01% of the fund), 0 dropped (0%). Turnover proxy 6.5%. Largest increases: Alibaba Group Holding Ltd 3.97% to 5.72%; Xiaomi Corp 1.54% to 2.72%; Tencent Holdings Ltd 7.35% to 8.35%; DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES 0.02% to 0.58%; BYD Co Ltd 1.37% to 1.9%; China Merchants Bank Co Ltd 1.21% to 1.48%. Largest decreases: Samsung Electronics Co Ltd 4.53% to 4.1%; Reliance Industries Ltd 2.66% to 2.25%; Power Grid Corp of India Ltd 1.34% to 0.93%; Infosys Ltd 2.04% to 1.65%; ICICI Bank Ltd 2.26% to 1.92%; TSMC 14.48% to 14.15%. New: ICE FUTURES U.S., INC. (0.01%), Itausa SA (0%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Fri, 25 Apr 2025 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2024-11-29 -- 16 added, 443 dropped, turnover 53.1%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>480 positions became 53: 16 added (28.85% of the fund), 443 dropped (49.21%). Turnover proxy 53.1%. Largest increases: Taiwan Cooperative Financial H 0.2% to 1.78%; First Financial Holding Co Ltd 0.23% to 1.75%; Taishin Financial Holding Co L 0.15% to 1.44%; E.Sun Financial Holding Co Ltd 0.29% to 1.52%; SinoPac Financial Holdings Co 0.2% to 1.41%; Mega Financial Holding Co Ltd 0.34% to 1.55%. Largest decreases: TSMC 16.93% to 14.48%; DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES 0.72% to 0.02%; Infosys Ltd 0.55% to 0.03%; Tencent Holdings Ltd 7.48% to 7.35%; Minor International PCL 0.06% to 0%; Hanwha Solutions Corp 0.05% to 0%. New: Samsung Electronics Co Ltd (4.53%), Meituan (2.74%), ICICI Bank Ltd (2.26%), PING AN (1.94%), Hon Hai Precision Industry Co (1.85%), SK Hynix Inc (1.6%). Gone: NetEase Inc (0.75%), Saudi Arabian Oil Co (0.64%), Delta Electronics Inc (0.59%), KB Financial Group Inc (0.58%), Kuwait Finance House KSCP (0.57%), Baidu Inc (0.57%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Fri, 24 Jan 2025 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2024-08-30 -- 14 added, 17 dropped, turnover 7%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>483 positions became 480: 14 added (1.63% of the fund), 17 dropped (0.81%). Turnover proxy 7%. Largest increases: TSMC 16% to 16.93%; HDFC Bank Ltd 1.31% to 1.94%; DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES 0.14% to 0.72%; Infosys Ltd 0.98% to 1.25%; Bharti Airtel Ltd 0.95% to 1.13%; FirstRand Ltd 0.45% to 0.56%. Largest decreases: Tencent Holdings Ltd 7.78% to 7.48%; Grupo Financiero Banorte SAB d 0.63% to 0.43%; Kuaishou Technology 0.43% to 0.27%; China Construction Bank Corp 1.74% to 1.58%; Fomento Economico Mexicano SAB 0.56% to 0.43%; CTBC Financial Holding Co Ltd 0.5% to 0.37%. New: Wal-Mart de Mexico SAB de CV (0.38%), B3 SA - Brasil Bolsa Balcao (0.29%), ZTO Express Cayman Inc (0.22%), Banco do Brasil SA (0.2%), Grupo Aeroportuario del Pacifi (0.16%), NIO Inc (0.14%). Gone: ZTO Express Cayman Inc (0.25%), NIO Inc (0.18%), Lojas Renner SA (0.06%), Motor Oil Hellas Corinth Refin (0.05%), Universal Robina Corp (0.04%), Hygeia Healthcare Holdings Co (0.04%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Mon, 28 Oct 2024 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2024-05-31 -- 56 added, 56 dropped, turnover 12.7%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>483 positions became 483: 56 added (6.29% of the fund), 56 dropped (6.39%). Turnover proxy 12.7%. Largest increases: TSMC 14.36% to 16%; Tencent Holdings Ltd 6.24% to 7.78%; ACWA Power Co 0.18% to 0.4%; JD.com Inc 0.7% to 0.86%; China Construction Bank Corp 1.59% to 1.74%; Mahindra &amp;amp; Mahindra Ltd 0.57% to 0.7%. Largest decreases: Li Auto Inc 0.71% to 0.31%; NetEase Inc 1.15% to 0.86%; Bank Rakyat Indonesia Persero 0.71% to 0.47%; Infosys Ltd 1.21% to 0.98%; Alibaba Group Holding Ltd 4.04% to 3.82%; Reliance Industries Ltd 2.85% to 2.66%. New: HDFC Bank Ltd (1.31%), KE Holdings Inc (0.28%), Trent Ltd (0.25%), SHENZHOU INTL (0.21%), Samsung C&amp;amp;T Corp (0.21%), BeiGene Ltd (0.2%). Gone: Tata Consultancy Services Ltd (1.19%), Bank Central Asia Tbk PT (0.92%), Bajaj Finance Ltd (0.58%), WEG SA (0.33%), OTP Bank Nyrt (0.28%), Emirates NBD Bank PJSC (0.25%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Mon, 29 Jul 2024 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2024-02-29 -- 23 added, 29 dropped, turnover 7.5%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>489 positions became 483: 23 added (2.06% of the fund), 29 dropped (1.26%). Turnover proxy 7.5%. Largest increases: TSMC 12.62% to 14.36%; Reliance Industries Ltd 2.4% to 2.85%; MediaTek Inc 1.21% to 1.44%; Infosys Ltd 1.07% to 1.21%; Tata Consultancy Services Ltd 1.06% to 1.19%; Zomato Ltd 0.2% to 0.32%. Largest decreases: Tencent Holdings Ltd 7.73% to 6.24%; Wuxi Biologics Cayman Inc 0.59% to 0.25%; JD.com Inc 0.88% to 0.7%; Alibaba Group Holding Ltd 4.2% to 4.04%; Baidu Inc 0.92% to 0.77%; Naspers Ltd 0.95% to 0.8%. New: LG Energy Solution Ltd (0.36%), Nestle India Ltd (0.28%), Cipla Ltd/India (0.24%), Max Healthcare Institute Ltd (0.19%), Innovent Biologics Inc (0.17%), InterGlobe Aviation Ltd (0.15%). Gone: Nestle India Ltd (0.28%), Celltrion Healthcare Co Ltd (0.17%), Xtrackers Emerging Markets Carbon Reduction and Climate Impr (0.15%), COSCO SHIPPING Holdings Co Ltd (0.09%), Zai Lab Ltd (0.06%), Dialog Group Bhd (0.04%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Tue, 23 Apr 2024 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2023-11-30 -- 13 added, 20 dropped, turnover 6.5%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>496 positions became 489: 13 added (1.67% of the fund), 20 dropped (1.63%). Turnover proxy 6.5%. Largest increases: TSMC 11.7% to 12.62%; MediaTek Inc 0.88% to 1.21%; Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.01% to 0.15%; China Construction Bank Corp 1.42% to 1.54%; Itau Unibanco Holding SA 0.73% to 0.85%; Bharti Airtel Ltd 0.64% to 0.76%. Largest decreases: Alibaba Group Holding Ltd 5.19% to 4.2%; DEUTSCHE GOV MM SER INST 0.76% to 0.15%; Baidu Inc 1.1% to 0.92%; JD.com Inc 1.06% to 0.88%; Samsung SDI Co Ltd 0.71% to 0.56%; YUM CHINA HOLDINGS INC 0.62% to 0.49%. New: Naspers Ltd (0.95%), Power Grid Corp of India Ltd (0.32%), China Yangtze Power Co Ltd (0.13%), Prologis Property Mexico SA de (0.08%), MINISO Group Holding Ltd (0.07%), Bangkok Expressway &amp;amp; Metro PCL (0.05%). Gone: Naspers Ltd (0.91%), Taiwan Cement Corp (0.18%), MINISO Group Holding Ltd (0.07%), Grupo Televisa SAB (0.06%), Growthpoint Properties Ltd (0.05%), Bangkok Expressway &amp;amp; Metro PCL (0.05%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Fri, 26 Jan 2024 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2023-08-31 -- 18 added, 18 dropped, turnover 6.5%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>496 positions became 496: 18 added (1.87% of the fund), 18 dropped (0.32%). Turnover proxy 6.5%. Largest increases: Tencent Holdings Ltd 7.03% to 7.62%; Alibaba Group Holding Ltd 4.69% to 5.19%; Li Auto Inc 0.46% to 0.64%; NetEase Inc 0.95% to 1.11%; XPeng Inc 0.12% to 0.27%; Baidu Inc 0.98% to 1.1%. Largest decreases: TSMC 12.71% to 11.7%; America Movil SAB de CV 0.96% to 0.5%; China Construction Bank Corp 1.75% to 1.42%; MediaTek Inc 1.11% to 0.88%; Reliance Industries Ltd 2.59% to 2.44%; Samsung SDI Co Ltd 0.85% to 0.71%. New: DEUTSCHE GOV MM SER INST (0.76%), Doosan Enerbility Co Ltd (0.17%), Pidilite Industries Ltd (0.12%), Petronas Chemicals Group Bhd (0.11%), Supreme Industries Ltd (0.09%), Ashok Leyland Ltd (0.08%). Gone: MultiChoice Group (0.04%), Foschini Group Ltd/The (0.04%), Terna Energy SA (0.04%), Top Glove Corp Bhd (0.04%), CJ Corp (0.03%), China Lesso Group Holdings Ltd (0.03%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Fri, 27 Oct 2023 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2023-05-31 -- 89 added, 38 dropped, turnover 14.3%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>445 positions became 496: 89 added (11.04% of the fund), 38 dropped (8.05%). Turnover proxy 14.3%. Largest increases: TSMC 12.16% to 12.71%; Kotak Mahindra Bank Ltd 0.35% to 0.76%; BYD Co Ltd 0.65% to 0.85%; Gold Fields Ltd 0.24% to 0.38%; POSCO Future M Co Ltd 0.13% to 0.23%; Li Auto Inc 0.39% to 0.46%. Largest decreases: Tencent Holdings Ltd 8.03% to 7.03%; Naspers Ltd 1.13% to 0.84%; Wuxi Biologics Cayman Inc 0.74% to 0.55%; Infosys Ltd 0.67% to 0.51%; Baidu Inc 1.12% to 0.98%; Alibaba Group Holding Ltd 4.81% to 4.69%. New: JD.com Inc (1.07%), America Movil SAB de CV (0.96%), ICBC (0.86%), Bank Rakyat Indonesia Persero (0.72%), Bajaj Finance Ltd (0.66%), Bharti Airtel Ltd (0.65%). Gone: Meituan (2.59%), Housing Development Finance Co (1.61%), America Movil SAB de CV (0.84%), State Bank of India (0.33%), Chailease Holding Co Ltd (0.32%), Shanghai Commercial &amp;amp; Savings (0.18%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Thu, 27 Jul 2023 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2023-02-28 -- 6 added, 13 dropped, turnover 5.8%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>452 positions became 445: 6 added (0.97% of the fund), 13 dropped (0.36%). Turnover proxy 5.8%. Largest increases: Tencent Holdings Ltd 6.78% to 8.03%; TSMC 11.53% to 12.16%; Alibaba Group Holding Ltd 4.47% to 4.81%; Baidu Inc 0.85% to 1.12%; Infosys Ltd 0.96% to 1.12%; Naspers Ltd 1% to 1.13%. Largest decreases: DEUTSCHE GOV MM SER INST 0.64% to 0.1%; Reliance Industries Ltd 3.01% to 2.52%; Infosys Ltd 1.06% to 0.67%; Adani Total Gas Ltd 0.37% to 0.07%; Adani Green Energy Ltd 0.24% to 0.06%; Meituan 2.73% to 2.59%. New: America Movil SAB de CV (0.84%), Orbia Advance Corp SAB de CV (0.06%), Xtrackers MSCI China A Inclusion Equity ETF (0.04%), Terna Energy SA (0.04%), SinoPac Financial Holdings Co (0%), Localiza Rent a Car SA (0%). Gone: China Gas Holdings Ltd (0.12%), SPAR Group Ltd/The (0.04%), Americanas SA (0.04%), Baoshan Iron &amp;amp; Steel Co Ltd (0.03%), Globe Telecom Inc (0.03%), ICE FUTURES U.S., INC. (0.03%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Mon, 24 Apr 2023 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2022-11-30 -- 22 added, 31 dropped, turnover 7.9%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>461 positions became 452: 22 added (2.33% of the fund), 31 dropped (1.4%). Turnover proxy 7.9%. Largest increases: Reliance Industries Ltd 2.68% to 3.01%; Housing Development Finance Co 1.42% to 1.69%; Axis Bank Ltd 0.57% to 0.75%; Samsung SDI Co Ltd 0.73% to 0.9%; Kuwait Finance House KSCP 0.45% to 0.61%; Grupo Financiero Banorte SAB d 0.45% to 0.61%. Largest decreases: Tencent Holdings Ltd 7.73% to 6.78%; Alibaba Group Holding Ltd 5.42% to 4.47%; TSMC 12.12% to 11.53%; Meituan 3.14% to 2.73%; Baidu Inc 1.18% to 0.85%; NetEase Inc 1.11% to 0.81%. New: DEUTSCHE GOV MM SER INST (0.64%), China Resources Land Ltd (0.43%), Li Auto Inc (0.34%), ZTO Express Cayman Inc (0.31%), COSCO SHIPPING Holdings Co Ltd (0.1%), XPeng Inc (0.08%). Gone: Li Auto Inc (0.47%), XPeng Inc (0.23%), Wharf Holdings Ltd/The (0.14%), NEPI Rockcastle S.A. (0.07%), Polskie Gornictwo Naftowe i Ga (0.06%), Eve Energy Co Ltd (0.04%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Fri, 27 Jan 2023 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2022-08-31 -- 29 added, 10 dropped, turnover 6.9%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>442 positions became 461: 29 added (2.14% of the fund), 10 dropped (1.61%). Turnover proxy 6.9%. Largest increases: Meituan 2.6% to 3.14%; Alibaba Group Holding Ltd 4.96% to 5.42%; Naspers Ltd 0.65% to 0.92%; Wuxi Biologics Cayman Inc 0.72% to 0.95%; Infosys Ltd 0.69% to 0.82%; Adani Total Gas Ltd 0.23% to 0.35%. Largest decreases: TSMC 12.72% to 12.12%; MediaTek Inc 1.28% to 0.99%; China Construction Bank Corp 1.89% to 1.76%; MTN Group Ltd 0.49% to 0.37%; NAVER Corp 0.81% to 0.71%; Evergreen Marine Corp Taiwan L 0.34% to 0.23%. New: Baidu Inc (1.18%), Saudi Electricity Co (0.15%), ACWA Power Co (0.1%), Voltronic Power Technology Cor (0.1%), Cia de Saneamento Basico do Es (0.09%), Turk Hava Yollari AO (0.06%). Gone: Baidu Inc (1.05%), Saudi Arabian Mining Co (0.2%), Walsin Lihwa Corp (0.1%), DEUTSCHE GOV MM SER INST (0.09%), Piramal Enterprises Ltd (0.07%), SK Telecom Co Ltd (0.03%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Thu, 27 Oct 2022 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2022-05-31 -- 58 added, 108 dropped, turnover 14.1%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>492 positions became 442: 58 added (9.54% of the fund), 108 dropped (10.52%). Turnover proxy 14.1%. Largest increases: Reliance Industries Ltd 2.23% to 2.75%; Meituan 2.25% to 2.6%; BYD Co Ltd 0.6% to 0.79%; Sociedad Quimica y Minera de C 0.22% to 0.39%; Banco Bradesco SA 0.47% to 0.62%; China Construction Bank Corp 1.8% to 1.89%. Largest decreases: TSMC 13.24% to 12.72%; MediaTek Inc 1.47% to 1.28%; China Merchants Bank Co Ltd 0.82% to 0.67%; Hindalco Industries Ltd 0.3% to 0.19%; Saudi Arabian Mining Co 0.3% to 0.2%; Infosys Ltd 1.14% to 1.03%. New: NetEase Inc (1.2%), Baidu Inc (1.05%), Saudi Arabian Oil Co (0.72%), Itau Unibanco Holding SA (0.71%), Sasol Ltd (0.4%), Telkom Indonesia Persero Tbk P (0.38%). Gone: PING AN (1.22%), NIO Inc (0.74%), Li Ning Co Ltd (0.55%), B3 SA - Brasil Bolsa Balcao (0.43%), Gazprom PJSC (0.43%), SHENZHOU INTL (0.35%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Wed, 27 Jul 2022 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2022-02-28 -- 13 added, 8 dropped, turnover 8.7%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>487 positions became 492: 13 added (0.93% of the fund), 8 dropped (0.75%). Turnover proxy 8.7%. Largest increases: TSMC 12.44% to 13.24%; China Construction Bank Corp 1.47% to 1.8%; PING AN 1.02% to 1.22%; MediaTek Inc 1.29% to 1.47%; B3 SA - Brasil Bolsa Balcao 0.28% to 0.43%; Impala Platinum Holdings Ltd 0.25% to 0.39%. Largest decreases: Gazprom PJSC 1.27% to 0.43%; Alibaba Group Holding Ltd 5.85% to 5.03%; Meituan 2.95% to 2.25%; LUKOIL PJSC 0.86% to 0.18%; NIO Inc 1.26% to 0.74%; Wuxi Biologics Cayman Inc 1.16% to 0.74%. New: Hapvida Participacoes e Invest (0.25%), JD.com Inc (0.24%), Grupo Televisa SAB (0.13%), Petro Rio SA (0.09%), Hypera SA (0.06%), Public Power Corp SA (0.05%). Gone: DEUTSCHE GOV MM SER INST (0.49%), Notre Dame Intermedica Partici (0.13%), Wistron Corp (0.06%), Via S/A (0.03%), SK Square Co Ltd (0.02%), Liaoning Cheng Da Co Ltd (0.01%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Thu, 21 Apr 2022 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2021-11-30 -- 17 added, 26 dropped, turnover 6%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>496 positions became 487: 17 added (0.65% of the fund), 26 dropped (0.9%). Turnover proxy 6%. Largest increases: TSMC 11.87% to 12.44%; Emirates Telecommunications Gr 0.25% to 0.72%; Tencent Holdings Ltd 7.75% to 8.01%; Reliance Industries Ltd 1.92% to 2.15%; MediaTek Inc 1.07% to 1.29%; Gazprom PJSC 1.08% to 1.27%. Largest decreases: Alibaba Group Holding Ltd 7.03% to 5.85%; Kakao Corp 0.9% to 0.75%; iShares Inc iShares ESG Aware MSCI EM ETF 0.29% to 0.16%; DEUTSCHE GOV MM SER INST 0.59% to 0.49%; Natura &amp;amp; Co Holding SA 0.2% to 0.1%; NAVER Corp 1.02% to 0.93%. New: Gerdau SA (0.13%), Northam Platinum Holdings Ltd (0.12%), Raia Drogasil SA (0.1%), Kunlun Energy Co Ltd (0.09%), TOTVS SA (0.07%), Turkiye Sise ve Cam Fabrikalar (0.03%). Gone: Globant SA (0.29%), Northam Platinum Ltd (0.11%), Pidilite Industries Ltd (0.09%), Gulf Energy Development PCL (0.08%), Fila Holdings Corp (0.04%), Baozun Inc (0.03%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Thu, 27 Jan 2022 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2021-08-31 -- 22 added, 15 dropped, turnover 15.8%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>489 positions became 496: 22 added (8.49% of the fund), 15 dropped (9.14%). Turnover proxy 15.8%. Largest increases: TSMC 11.11% to 11.87%; Infosys Ltd 0.95% to 1.17%; Li Ning Co Ltd 0.43% to 0.64%; Tata Consultancy Services Ltd 0.85% to 1.04%; Kakao Corp 0.72% to 0.9%; Meituan 2.61% to 2.79%. Largest decreases: Tencent Holdings Ltd 9.52% to 7.75%; Naspers Ltd 2.03% to 0.82%; PING AN 1.46% to 1.07%; SK Telecom Co Ltd 0.24% to 0.05%; China Construction Bank Corp 1.68% to 1.51%; MediaTek Inc 1.17% to 1.07%. New: Alibaba Group Holding Ltd (7.03%), DEUTSCHE GOV MM SER INST (0.59%), Yang Ming Marine Transport Cor (0.17%), Rede D&apos;Or Sao Luiz SA (0.12%), Wan Hai Lines Ltd (0.11%), Adani Total Gas Ltd (0.08%). Gone: Alibaba Group Holding Ltd (8.65%), Ayala Corp (0.1%), Via Varejo S/A (0.07%), Ambuja Cements Ltd (0.07%), B2W Cia Digital (0.06%), Indofood Sukses Makmur Tbk PT (0.05%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Mon, 25 Oct 2021 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2021-05-28 -- 104 added, 58 dropped, turnover 15%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>443 positions became 489: 104 added (10.61% of the fund), 58 dropped (6.58%). Turnover proxy 15%. Largest increases: iShares Inc iShares ESG Aware MSCI EM ETF 0.04% to 0.22%; Wuxi Biologics Cayman Inc 0.88% to 1.05%; First Abu Dhabi Bank PJSC 0.25% to 0.42%; Banco Bradesco SA 0.41% to 0.56%; China Feihe Ltd 0.08% to 0.21%; Gazprom PJSC 0.78% to 0.9%. Largest decreases: Tencent Holdings Ltd 11.07% to 9.52%; Alibaba Group Holding Ltd 10.16% to 8.65%; TSMC 12.09% to 11.11%; Meituan 3.56% to 2.61%; NIO Inc 1.33% to 1.06%; Naspers Ltd 2.27% to 2.03%. New: PING AN (1.46%), Kakao Corp (0.72%), Yum China Holdings Inc (0.61%), SHENZHOU INTL (0.46%), Li Ning Co Ltd (0.43%), Novatek PJSC (0.39%). Gone: DWS Government Money Market Series (1.2%), Itau Unibanco Holding SA (0.48%), Bank Rakyat Indonesia Persero (0.43%), Bharti Airtel Ltd (0.42%), Hana Financial Group Inc (0.22%), Quanta Computer Inc (0.22%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Mon, 26 Jul 2021 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2021-02-26 -- 39 added, 35 dropped, turnover 8.1%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>439 positions became 443: 39 added (2.17% of the fund), 35 dropped (1.6%). Turnover proxy 8.1%. Largest increases: TSMC 10.65% to 12.09%; DWS Government Money Market Series 0.37% to 1.2%; Tencent Holdings Ltd 10.66% to 11.07%; Bharti Airtel Ltd 0.21% to 0.42%; MediaTek Inc 0.95% to 1.1%; NAVER Corp 0.79% to 0.93%. Largest decreases: Alibaba Group Holding Ltd 12.68% to 10.16%; Itau Unibanco Holding SA 0.66% to 0.48%; China Construction Bank Corp 1.94% to 1.76%; LG Chem Ltd 0.85% to 0.76%; Reliance Industries Ltd 1.91% to 1.82%; Banco Bradesco SA 0.5% to 0.41%. New: Longfor Group Holdings Ltd (0.23%), Hansoh Pharmaceutical Group Co (0.14%), Adani Green Energy Ltd (0.14%), Capitec Bank Holdings Ltd (0.12%), Microport Scientific Corp (0.12%), WEIGAO GROUP (0.1%). Gone: Astra International Tbk PT (0.18%), Divi&apos;s Laboratories Ltd (0.16%), China Shenhua Energy Co Ltd (0.16%), Tenaga Nasional Bhd (0.14%), Sasol Ltd (0.11%), United Tractors Tbk PT (0.08%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Fri, 23 Apr 2021 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2020-11-30 -- 10 added, 23 dropped, turnover 7.3%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>452 positions became 439: 10 added (1.32% of the fund), 23 dropped (1.83%). Turnover proxy 7.3%. Largest increases: NIO Inc 0.48% to 1.38%; TSMC 9.96% to 10.65%; BYD Co Ltd 0.21% to 0.45%; Housing Development Finance Co 1.13% to 1.33%; United Microelectronics Corp 0.24% to 0.43%; MediaTek Inc 0.79% to 0.95%. Largest decreases: Alibaba Group Holding Ltd 14.95% to 12.68%; Reliance Industries Ltd 2.24% to 1.91%; Tencent Holdings Ltd 10.89% to 10.66%; NAVER Corp 0.93% to 0.79%; Gold Fields Ltd 0.3% to 0.18%; CSPC Pharmaceutical Group Ltd 0.33% to 0.21%. New: Wuxi Biologics Cayman Inc (0.77%), Ayala Land Inc (0.16%), Mobile TeleSystems PJSC (0.1%), Telefonica Brasil SA (0.1%), Richter Gedeon Nyrt (0.08%), TIM SA/Brazil (0.05%). Gone: Wuxi Biologics Cayman Inc (0.73%), iShares Inc iShares ESG Aware MSCI EM ETF (0.22%), Telefonica Brasil SA (0.11%), CEZ AS (0.09%), Inter RAO UES PJSC (0.08%), Exxaro Resources Ltd (0.07%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Wed, 27 Jan 2021 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2020-08-31 -- 18 added, 11 dropped, turnover 9.5%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>445 positions became 452: 18 added (1.14% of the fund), 11 dropped (0.47%). Turnover proxy 9.5%. Largest increases: TSMC 8.26% to 9.96%; Alibaba Group Holding Ltd 13.4% to 14.95%; Meituan Dianping 2.3% to 3.28%; Tencent Holdings Ltd 10.46% to 10.89%; NIO Inc 0.11% to 0.48%; Reliance Industries Ltd 1.9% to 2.24%. Largest decreases: China Construction Bank Corp 2.59% to 1.9%; Bharti Airtel Ltd 0.61% to 0.26%; Gazprom PJSC 1.15% to 0.81%; LUKOIL PJSC 1.04% to 0.77%; Naspers Ltd 2.42% to 2.21%; Fomento Economico Mexicano SAB 0.44% to 0.31%. New: iShares Inc iShares ESG Aware MSCI EM ETF (0.22%), CD Projekt SA (0.2%), Via Varejo S/A (0.13%), Eicher Motors Ltd (0.11%), KWG Group Holdings Ltd (0.07%), Logan Group Co Ltd (0.07%). Gone: RMB Holdings Ltd (0.09%), Eicher Motors Ltd (0.08%), Tatung Co Ltd (0.05%), BR Malls Participacoes SA (0.05%), PSG Group Ltd (0.05%), Pick n Pay Stores Ltd (0.04%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Tue, 27 Oct 2020 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2020-05-29 -- 52 added, 50 dropped, turnover 12.4%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>443 positions became 445: 52 added (6.19% of the fund), 50 dropped (3.3%). Turnover proxy 12.4%. Largest increases: Meituan Dianping 0.46% to 2.3%; Alibaba Group Holding Ltd 12.5% to 13.4%; Tencent Holdings Ltd 9.82% to 10.46%; DWS Government Money Market Series 0.02% to 0.29%; Saudi Basic Industries Corp 0.53% to 0.69%; MediaTek Inc 0.63% to 0.78%. Largest decreases: TSMC 8.89% to 8.26%; Itau Unibanco Holding SA 1.18% to 0.7%; Housing Development Finance Co 1.71% to 1.24%; Banco Bradesco SA 0.93% to 0.54%; Axis Bank Ltd 0.69% to 0.36%; B3 SA - Brasil Bolsa Balcao 0.77% to 0.59%. New: Gazprom PJSC (1.15%), NAVER Corp (0.78%), Emirates Telecommunications Gr (0.24%), Samba Financial Group (0.21%), Samsung Electro-Mechanics Co L (0.18%), Impala Platinum Holdings Ltd (0.17%). Gone: Novatek PJSC (0.46%), SHENZHOU INTL (0.33%), Pinduoduo Inc (0.24%), Bajaj Auto Ltd (0.12%), Guangzhou Automobile Group Co (0.11%), Coway Co Ltd (0.1%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Tue, 28 Jul 2020 12:00:00 GMT</pubDate></item><item><title>EMCS: filing for 2020-02-28 -- 23 added, 8 dropped, turnover 6.6%</title><link>https://themulden.com/funds/emcs/</link><guid isPermaLink="true">https://themulden.com/funds/emcs/</guid><description>428 positions became 443: 23 added (1.62% of the fund), 8 dropped (0.44%). Turnover proxy 6.6%. Largest increases: Tencent Holdings Ltd 8.35% to 9.82%; Alibaba Group Holding Ltd 11.64% to 12.5%; TSMC 8.45% to 8.89%; Bharti Airtel Ltd 0.43% to 0.63%; Naspers Ltd 2.14% to 2.32%; Wuxi Biologics Cayman Inc 0.21% to 0.38%. Largest decreases: Reliance Industries Ltd 2.12% to 1.81%; Itau Unibanco Holding SA 1.37% to 1.18%; Banco Bradesco SA 1.09% to 0.93%; Novatek PJSC 0.62% to 0.46%; Shinhan Financial Group Co Ltd 0.56% to 0.42%; Kasikornbank PCL 0.37% to 0.24%. New: Natura &amp;amp; Co Holding SA (0.23%), China Gas Holdings Ltd (0.22%), CITIC Ltd (0.21%), China Resources Gas Group Ltd (0.14%), Grasim Industries Ltd (0.09%), Gulf Energy Development PCL (0.08%). Gone: DWS Government Money Market Series (0.18%), Natura Cosmeticos SA (0.11%), China Aoyuan Group Ltd (0.07%), Huaneng Renewables Corp Ltd (0.06%), ICE FUTURES US INC (0.01%), YIWU CCC (0.01%). Weights are shares of the fund&apos;s own investments, securities-lending collateral excluded; positions matched on identifiers.</description><pubDate>Mon, 27 Apr 2020 12:00:00 GMT</pubDate></item></channel></rss>