IPOAX Mutual Fund

NAV$26.11

AUM$143M

TER1.05%

Holdings87

See how much of IPOAX you already own

Just $25 once·$69/mo·Download sample

X-ray my portfolio free

IPOAX Mutual Fund

NAV$26.11

Nomura Systematic Emerging Markets Equity Fund Class A

AUM$143M

TER1.05%

Holdings87

See how much of IPOAX you already own

Just $25 once·$69/mo·Download sample

X-ray my portfolio free

Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Showing top 50 of 86 holdings · as of Mar 31, 2026

IPOAX holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Share chg	Sector	Industry
1	TSM	Taiwan Semiconductor Manufacturing Co. Ltd.	16.62%	16.6%	1,764,404	$102.04M	-	-	-
2	SSNLF	Samsung Electronics LtdInfo Tech · Semiconductors	7.09%	23.7%	372,278	$43.54M	-67.4K	Info Tech	Semiconductors
Share changes, sector and industry · Pro
3	—	Tencent Holdings Ltd Ordinary Shares	4.19%	27.9%	408,020	$25.73M
4	PBR	Petroleo Brasileiro Sa:Pfd 0.000	3.19%	31.1%	2,088,474	$19.59M
5	PZU	Powszechny Zaklad Ubezpieczen S.A. Powszechny Zaklad Ubezpieczen Sa	2.91%	34.0%	1,027,354	$17.88M
6	—	Sk Hynix Inc Common Stock KRW 5000	2.66%	36.7%	28,811	$16.35M
7	NTES	Netease Inc -	2.42%	39.1%	665,800	$14.88M
8	—	Bank Of China Ltd Class H	2.41%	41.5%	23,188,000	$14.81M
9	—	Pan-international Industrial Corp	2.36%	43.8%	7,880,000	$14.51M
10	FSR	Firstrand Ltd	2.21%	46.1%	2,648,052	$13.56M
11	—	Geely Automobile Holdings Ltd	2.15%	48.2%	4,937,000	$13.17M
12	Debt	Mtn Group Ltd Common Stock Zar.0001	2.14%	50.3%	1,127,346	$13.16M
13	—	Lg Uplus Corp	2.00%	52.3%	1,178,009	$12.25M
14	—	Industrial & Commercial Bank Of China Ltd	1.84%	54.2%	12,798,000	$11.28M
15	—	China Construction Bank Corp. Class A	1.77%	56.0%	10,075,000	$10.87M
16	BPCL	Bharat Petroleum Corp Ltd	1.59%	57.6%	3,255,003	$9.76M
17	EMAAR	Emaar Properties Pjsc	1.53%	59.1%	2,862,474	$9.37M
18	—	Hon Hai Precision Industry Co	1.53%	60.6%	1,536,000	$9.39M
19	—	Citic Ltd	1.52%	62.1%	6,128,000	$9.33M
20	—	Korea Shipbuilding & Offshore Engineering Co Ltd	1.51%	63.6%	40,056	$9.28M
21	—	Emaar Development Pjsc	1.41%	65.1%	2,292,518	$8.68M
22	—	Zhengzhou Yutong Bus Co. Ltd. Class A	1.32%	66.4%	1,555,800	$8.08M
23	—	Banco Bradesco Sa Preferred	1.30%	67.7%	2,152,180	$7.97M
24	—	Delta Electronics Inc	1.30%	69.0%	177,000	$7.98M
25	IOC	Indian Oil Corp Ltd	1.26%	70.2%	5,398,427	$7.71M
26	—	Accton Technology Corp	1.25%	71.5%	155,000	$7.65M
27	INFY	Infosys Ltd	1.21%	72.7%	551,743	$7.44M
28	BBD	Banco Bradesco SA	1.17%	73.9%	2,216,013	$7.16M
29	HROM	Hero Motocorp Ltd	1.14%	75.0%	129,398	$6.99M
30	BABA	Alibaba Group Holding Limited Ordinary Shares	1.08%	76.1%	423,200	$6.63M
31	KEP	Korea Electric Power Corporation (Kepco)	1.08%	77.2%	233,178	$6.63M
32	KB	Kb Financial Group, Inc.	0.94%	78.1%	59,067	$5.80M
33	MOLB	Mol Hungarian Oil & Gas Plc.	0.94%	79.0%	481,648	$5.77M
34	TKC	Turkcell Iletisim Hizmetleri As	0.88%	79.9%	2,263,001	$5.41M
35	—	Asustek Computer Inc	0.74%	80.7%	260,000	$4.57M
36	—	China Taiping Insurance Holdings Co. Ltd.	0.74%	81.4%	1,715,200	$4.53M
37	—	Eva Airways Corp	0.72%	82.1%	2,507,400	$4.43M
38	—	Bb Seguridade	0.71%	82.8%	644,408	$4.33M
39	HPCL	Hindustan Petroleum Corp Ltd	0.65%	83.5%	1,117,100	$3.98M
40	—	Weichai Power Co., Ltd. (Class H)	0.64%	84.1%	1,098,894	$3.91M
41	—	Kia Motors Corp	0.62%	84.7%	38,471	$3.80M
42	—	Porto Seguro Sa	0.58%	85.3%	365,390	$3.56M
43	PGE	PGE Polska Grupa Energetyczna S.A. Pge Polska Grupa Energetyczna Sa	0.56%	85.9%	1,205,238	$3.42M
44	—	China Airlines Ltd	0.56%	86.4%	6,093,000	$3.45M
45	HMY	Harmony Gold Mining Company Limite	0.55%	87.0%	220,666	$3.37M
46	SKM	Sk Telecom Co Ltd	0.54%	87.5%	63,941	$3.31M
47	PKO	Powszechna Kasa Oszczednosci Bank Polski S.A. Powszechna Kasa Oszczednosci Bank Polski Sa	0.54%	88.1%	139,896	$3.31M
48	CNBK	Canara Bank	0.54%	88.6%	2,523,204	$3.32M
49	—	Vale Sa	0.53%	89.1%	204,603	$3.26M
50	—	Hana Financial Group Inc	0.52%	89.7%	43,441	$3.17M
More holdings · Pro

FundXLS Pro

See the other 36 holdings of IPOAX

X-ray every fund you own at once, ETFs and mutual funds that hold stocks directly, and see how much of your money lands on the same stocks twice.

Unlock FundXLS Pro$45/quarter Pro · Cancel anytime

IPOAX Mutual Fund All Holdings

IPOAX holdings total 87 positions. The top 10 holdings account for 46.1% of the fund, led by Taiwan Semiconductor Manufacturing Co. Ltd. at 16.6%, Samsung Electronics Ltd at 7.1%, Tencent Holdings Ltd Ordinary Shares at 4.2%.

IPOAX portfolio concentration is moderate, with the top 10 representing 46.1% of total assets. The largest sector exposure is Financials at 8.8%.

IPOAX sectors provide a detailed breakdown. IPOAX overlap shows how holdings compare to other funds in your portfolio.