YTD Total Return As of 01/21/2026 | 6.27% |
Nav As of 01/21/2026 | $15.77 |
Nav Change ($0.20) | 1.28% |
Emerging Markets Fund seeks to invest in all-cap, emerging markets companies exhibiting accelerating earnings growth.
Distinct All-Cap Approach
A pure-play growth strategy in emerging markets (EM) investing across the full capitalization range.
Differentiated Philosophy
Guided by a proprietary process which expands the investable universe, we look for companies with accelerating and sustainable growth characteristics.
Emphasizing Stock Selection
Our active approach seeks to deliver performance above the benchmark through stock picking, not macro or sector factors.
Emerging Markets Capabilities
Key Facts
Investment Objective | Seeks capital growth |
Inception Date | 09/30/1997 |
Morningstar Category | Diversified Emerging Mkts |
Benchmark | MSCI Emerging Markets (Net) IndexA |
Total Assets | $1,736,294,648 As of 12/31/2025 |
Total Holdings | 80 As of 11/30/2025 |
Distribution Frequency | Annual |
Morningstar Overall Rating Based on risk-adjusted return | Out of 704 funds. Diversified Emerging Mkts category As of 12/31/2025 |
Fees
| Gross Expense Ratio | 1.27% |
Trading Information
| Ticker | TWMIX |
| CUSIP | 025086885 |
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
Fees
| Gross Expense Ratio | 1.27% |
Trading Information
| Ticker | TWMIX |
| CUSIP | 025086885 |
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized. For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized. Index performance does not represent the fund's performance. It is not possible to invest directly in an index.
Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
FREQUENCY
Yearly
| Total Paid | Ordinary Dividends | Reinvest Price | |
|---|---|---|---|
| 12/16/2025 | $0.1699 | $0.1699 | $14.27 |
| 03/25/2025 | -- | -- | $11.50 |
| Overall | Out of 704 funds. Diversified Emerging Mkts category |
| 3 Year | Out of 704 funds |
| 5 Year | Out of 620 funds |
| 10 Year | Out of 460 funds |
Investment Style
Morningstar ratings vary among share classes and are based on historical risk-adjusted total returns.
| Risk Measures | |
|---|---|
| Alpha | 0.25 |
| Beta | 1.00 |
| R-Squared | 0.92 |
| Standard Deviation | 14.27 |
| Sharpe Ratio | 0.71 |
Relative to the MSCI Emerging Markets (Net) Index
Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.
As of 12/31/2025
| Foreign Stock | 99% |
| Cash and Cash Equivalents | 1% |
| Domestic Stock | 1% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital stock
trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 11/30/2025
80 Equity Issues
As of 12/31/2025
| Information Technology | 33% |
| Financials | 23% |
| Consumer Discretionary | 13% |
| Communication Services | 12% |
| Industrials | 8% |
| Materials | 3% |
| Energy | 3% |
| Health Care | 2% |
| Real Estate | 2% |
| Consumer Staples | 1% |
| Utilities | 1% |
Due to rounding, these values may exceed 100%
As of 12/31/2025
| Taiwan Semiconductor Manufacturing Co Ltd | 12.62% |
| Tencent Holdings Ltd | 6.53% |
| Samsung Electronics Co Ltd | 5.63% |
| Alibaba Group Holding Ltd | 3.38% |
| SK hynix Inc | 3.34% |
| HDFC Bank Ltd | 2.31% |
| Reliance Industries Ltd | 2.04% |
| China Construction Bank Corp | 2.00% |
| Bharti Airtel Ltd | 1.77% |
| NetEase Inc | 1.73% |
| % of Top Portfolio Holdings | 41.35% |
Due to rounding, these values may exceed 100%.
Negative weights may be due to open security or capital
stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period
end.
As of 12/31/2025
Due to rounding, these values may exceed 100%
How to Buy
Individual investors: Open a new account or use an existing account registration.
Open New Account Log In NowFinancial Advisors: Contact your wholesaler at 1-800-345-6488 for more information.
Returns or yields for the fund would have been lower if a portion of the management fee had not been waived. Review the annual or semiannual report for the most current information.
International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.
Please see the prospectus for details about sales charges.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Investor Class Shares: Minimum initial investment is $1,000 for IRA and CESA accounts, and $2,500 for non-retirement accounts, but these minimums are waived with an initial investment of at least $500 per account and automatic investments of at least $100 per month. Non-Retirement Accounts: If your account balance falls below the minimum, or if you cancel your automatic monthly investment plan prior to reaching the minimum, American Century Investments may redeem the account and send the proceeds to you. Prior to doing so, we will notify you and give you 90 days to meet the minimum or reinstate your automatic monthly investment plan.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.
A free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets.
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Source: MSCI. Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.