Martin Currie Emerging Markets Fund Class I
MCEIX
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
- 100 International Drive Baltimore MD United States of America 21202
- IPO Date
- May 29, 2015
- CIK
- 0001474103
- Similar Companies
- Business
- ClearBridge Emerging Markets Fund Class I (MCEIX), formerly known as Martin Currie Emerging Markets Fund, is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities and related investments of companies tied to emerging market and developing countries, including Asia, the Indian subcontinent, Latin America and Central America, the Middle East, Eastern and Central Europe, and Africa. The fund employs a fundamentals-based, high-conviction, risk-aware investment approach with embedded environmental, social, and governance (ESG) analysis; its portfolio features concentrated holdings in large-cap growth stocks across sectors such as information technology (33.38%), financials (23.00%), and consumer discretionary (13.44%), with key geographic allocations to China (26.07%), Taiwan (20.43%), India (17.87%), and South Korea (14.91%). It benchmarks performance against the MSCI Emerging Markets Index-NR, maintains low portfolio turnover of 19%, and distributes dividends annually alongside capital gains in December; top holdings as of recent data include Tencent Holdings Ltd., Taiwan Semiconductor Manufacturing Co. Ltd., Samsung Electronics Co. Ltd., and HDFC Bank Ltd. Incepted on May 29, 2015, with Class I shares launched concurrently, the fund is domiciled in the United States, classified under the Lipper Emerging Markets Funds category and Morningstar Diversified Emerging Markets style (large growth), and managed by a team at ClearBridge Investments with experience dating back to 2015-2022; it is part of the Franklin Templeton family, with total net assets of approximately $307-501 million and a net expense ratio of 0.93-0.94%. Effective September 30, 2025, the fund underwent a significant rebranding from Martin Currie Emerging Markets Fund to ClearBridge Emerging Markets Fund, coinciding with Franklin Templeton's global integration of the Martin Currie brand into ClearBridge Investments, following the 2020 acquisition of Legg Mason; this operational shift includes the renaming of Martin Currie Investment Management Limited to ClearBridge Investment Management Limited. Related changes encompass a merger of the U.K.-based FTF Martin Currie Emerging Markets Fund into the FTF Templeton Global Emerging Markets Fund effective March 14, 2025, aimed at cost efficiencies and scale, as well as broader Franklin Templeton restructurings like the Martin Currie Global Portfolio becoming Franklin Global Trust earlier in 2025. These developments reflect strategic consolidation within Franklin Templeton's $1.4 trillion+ asset management platform to enhance capabilities in emerging markets equity.