- ISIN
- US52471E6133
- Issuer
- Legg Mason
- Inception Date
- May 28, 2015
- Category
- Emerging Markets Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MCEMX Performance Chart
Martin Currie Emerging Markets Fund (MCEMX) is up 14.9% since the beginning of the year. MCEMX is currently trading at $20 per share. Investors who bought $1,000 worth of MCEMX shares 5 years ago would now be looking at an investment worth $1,195.
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Returns By Period
Martin Currie Emerging Markets Fund (MCEMX) has returned 14.88% so far this year and 39.17% over the past 12 months. Over the last ten years, MCEMX has returned 8.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Martin Currie Emerging Markets Fund
- 1D
- 4.75%
- 1M
- -4.57%
- 6M
- 6.11%
- YTD
- 14.88%
- 1Y
- 39.17%
- 3Y*
- 14.95%
- 5Y*
- 3.62%
- 10Y*
- 8.73%
- ALL TIME*
- 9.84%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MCEMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, MCEMX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +17.3%, while the worst month was Mar 2020 at -16.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MCEMX closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +8.1%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.26% | 5.95% | -10.73% | 13.27% | 8.89% | 0.97% | -9.92% | 14.88% | |||||
| 2025 | 2.70% | -0.54% | 1.09% | 0.15% | 4.31% | 5.61% | 0.56% | 1.74% | 8.88% | 6.09% | -2.31% | 3.99% | 36.77% |
| 2024 | -5.53% | 4.05% | 3.06% | -1.77% | 0.82% | 4.30% | -0.78% | 1.18% | 5.73% | -3.22% | -2.95% | -1.36% | 2.89% |
| 2023 | 10.23% | -7.97% | 4.12% | -1.78% | -0.66% | 4.47% | 5.07% | -8.67% | -4.62% | -4.15% | 7.67% | 4.50% | 6.28% |
| 2022 | -0.99% | -9.95% | -2.57% | -7.70% | 0.23% | -7.09% | 1.41% | -1.06% | -12.16% | -1.60% | 17.32% | -3.67% | -26.82% |
| 2021 | 3.35% | 0.74% | -2.76% | 0.99% | 1.15% | 2.50% | -5.65% | 0.29% | -4.63% | 4.42% | -4.94% | 0.05% | -5.00% |
Benchmark Metrics
Martin Currie Emerging Markets Fund has an annualized alpha of -0.24%, beta of 0.85, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 94.06% of S&P 500 Index downside but only 82.85% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.85 and R2 of 0.54, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.24%
- Beta
- 0.85
- R²
- 0.54
- Upside Capture
- 82.85%
- Downside Capture
- 94.06%
Expense Ratio
MCEMX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MCEMX ranks 48 for risk / return — above 48% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Martin Currie Emerging Markets Fund (MCEMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MCEMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.00 | +0.13 |
| Martin ratioReturn relative to average drawdown | 7.44 | 8.49 | -1.05 |
Dividends
Dividend History
Martin Currie Emerging Markets Fund provided a 0.53% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.12 | $0.08 | $0.17 | $0.08 | $0.04 | $0.09 | $0.34 | $0.11 | $0.02 | $0.18 |
Dividend yield | 0.53% | 0.68% | 0.62% | 1.41% | 0.70% | 0.23% | 0.54% | 2.54% | 1.03% | 0.17% | 2.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Martin Currie Emerging Markets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Martin Currie Emerging Markets Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Martin Currie Emerging Markets Fund was 46.45%, occurring on Oct 24, 2022. Recovery took 816 trading sessions.
The current Martin Currie Emerging Markets Fund drawdown is 13.23%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-46.45%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 | Bear market2022 |
-32.63%Mar 2020 | 2y 1mo | 4mo 15d | 2y 6moJan 2018 - Aug 2020 | COVID crash2020 |
-17.17%Jul 2026 | 1mo 6d | — | 1mo 10dJun 2026 - now | — |
-14.34%Mar 2026 | 1mo 2d | 25d | 1mo 27dFeb 2026 - Apr 2026 | — |
-10.42%Feb 2016 | 1mo 6d | 22d | 1mo 28dJan 2016 - Mar 2016 | — |
Drawdown Indicators
| MCEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.45% | -56.78% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -17.17% | -9.10% | -8.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -18.90% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -40.96% | -25.43% | -15.53% |
Max Drawdown (10Y)Largest decline over 10 years | -46.45% | -33.92% | -12.53% |
Current DrawdownCurrent decline from peak | -13.23% | -1.58% | -11.65% |
Average DrawdownAverage peak-to-trough decline | -16.97% | -10.70% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 2.14% | +2.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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