GEM holdings

Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 96.85% at a quoted market price (level 1), 34 issuer countries.

GEM's largest investment is Taiwan Semiconductor Manufacturing Company Ltd Twd10 at 14.33% of net assets. Samsung Electronics Co Ltd Krw100 and SK Hynix Inc Krw5000 follow; the three together are 27.76%. Ten companies are 38.28% of the fund; the other 735 share the rest. Among the 721 equity funds measured here, GEM behaves like 31.3 holdings against a median of 42.4 — close to the median. Across 27 quarterly filings GEM has become more concentrated: it behaved like 114.1 at 2019-11-29 and 31.3 at 2026-05-31. Between the 2026-02-28 and 2026-05-31 filings 90 positions were added and 76 dropped; 16.2% of the weight moved. Taiwan is the largest country at 23.97% of the portfolio, across 34 countries in the filing.

Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.

Between 2019-11-29 and 2026-05-31, GEM went from behaving like 114.1 equally weighted positions to 31.3 — 73% fewer, while its top ten went from 21.28% to 38.28% of net assets. Read across the funds on the concentration-over-time table.

One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.

GEM's filing lists 746 positions including 1.17% of net assets in securities-lending cash collateral. Counted as filed the fund reads 30.5 effective holdings with a top ten of 39.14%; on its own investments — the figure above — it reads 31.3 with a top ten of 38.28%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.

The 15 largest of 745 positions in GEM's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: GEM.csv.gz.

Share of GEM's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.

Monthly total returns from Item B.5 of GEM's own filings, 81 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference 0.58 percentage points over 81 months, which is roughly the distributions. Every month with the filing it came from: GEM.json · all funds.

The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-05-31, $16m was out to 14 borrowers, 0.97% of net assets. The largest, CITIGROUP GLOBAL MARKETS LIMITED, held 20.6% of it.

Cash collateral reported against the loan: 1.17% of net assets, 121.1% of the amount lent. That is a floor on the collateral, not the whole of it — collateral the fund does not hold as a position is not in this filing, so a figure under 100% is not evidence of under-collateralisation. How that figure behaves across all funds. Every quarter GEM has filed, with each borrower: GEM.json · all funds.

729 positions became 743: 90 added (3.6% of the fund at the later date), 76 dropped (3.3% at the earlier date). Half the sum of all weight changes, a turnover proxy: 16.2%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of GEM compared this way, as a feed: changes.xml · all funds: filings received.

New: ICE FUTURES U.S. (0.14%), XINYI SOLAR HOLDINGS LTD (0.10%), NATIONAL ALUMINIUM COMPANY LTD (0.07%), SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD (0.06%), SAMSUNG SDI COMPANY LTD (0.06%), MPI CORP (0.06%). Gone: SK Biopharmaceuticals Co Ltd (0.15%), Far Eastern New Century Corp. (0.14%), Compal Electronics Inc. (0.12%), Totvs SA (0.10%), Taiwan High Speed Rail Corp. (0.09%), Grupo Comercial Chedraui S.A.B. de C.V. (0.09%).

96.8% of GEM is carried at a quoted market price (fair-value level 1); 0.1% at level 3, priced from the filer's own inputs. Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.

A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $1.67B. Notional of an interest-rate or currency swap is not equity exposure.

Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).

Every measured equity fund lined up by how many holdings it behaves like; these sit either side of GEM (31.3). Same filings, same arithmetic. Position in this list says nothing about which fund is better.