Macquarie Systematic Emerging Markets Equity Fund A
IPOAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 6300 Lamar Ave Overland Park KS United States of America 66202
- IPO Date
- Oct 22, 1993
- CIK
- 0000883622
- Website
- macquarie.com
- Similar Companies
- Business
- Macquarie Systematic Emerging Markets Equity Fund A (IPOAX) is an open-end mutual fund that seeks growth of capital by investing at least 80% of its net assets in equity securities, primarily common stocks, of companies from emerging market countries or those economically linked to such markets; it may invest up to 100% in foreign securities, including depositary receipts, and up to 20% in companies not tied to emerging markets. The fund emphasizes a large-cap blend investment style within the diversified emerging markets category, with key sector allocations including technology (approximately 27%), financials (22%), consumer discretionary (15%), and communication services (14%); top holdings typically feature leading firms such as Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, ICICI Bank Ltd, NetEase Inc, and Alibaba Group Holding Ltd, representing nearly 29% of the portfolio. Geographically, it diversifies across emerging Asia (50%), developed Asia (33%), Latin America (5%), Africa (4%), and the Middle East (3%), with total net assets of around $669 million for the Class A shares and an inception date of October 25, 1993; the fund is domiciled in the United States and managed under Macquarie Asset Management, part of Macquarie Group Limited, headquartered in Philadelphia, Pennsylvania. In a significant recent development effective August 15, 2024, Benjamin Leung serves as Head of Systematic Investments and portfolio manager, while Samir Vanza acts as Head of Quantitative Research and co-portfolio manager, reflecting an operational shift in leadership for the fund's systematic equity strategies. The fund maintains a net expense ratio of 1.05%, a front-end load of 5.75%, and a portfolio turnover of 28%, targeting institutional and retail investors seeking exposure to emerging markets equities through Class A shares with a minimum initial investment of $1,000.