HF Emerging Markets Fund - Managed Fund

Fund Objective

The Fund's objective is to provide a total return (before the deduction of fees, charges and tax) that exceeds the return from its benchmark, the Citigroup Global Emerging Market Sovereign Investment Grade USD Index, plus 5.0% p.a. over a period of 5 or more years.

Fund Strategy

The Fund provides a diversified exposure to listed emerging market equities (being equity securities listed on exchanges in emerging markets, or securities listed on exchanges in developed markets which have significant economic exposure to emerging markets) through a carefully selected portfolio of investments.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-2.65%	8.2%	14.25%	29%	15.67%	13.32%	10.06%	5.46%
Growth return	-2.65%	8.2%	9.84%	24.02%	-2.51%	0.99%	1.88%	-2.33%
Income return	0%	0%	4.41%	4.98%	18.18%	12.33%	8.18%	7.79%
Market index (MSCI EM NR AUD)
Total return	-2.56%	8.75%	17.05%	28.65%	21.03%	15.52%	7.54%	8.94%

As at 30 Nov 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

HF Emerging Markets Fund

International Equities: 96.27%

Cash: 3.73%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Average Allocation of Peers

International Equities: 94.66%

Cash: 2.14%

Australian Equities: 3.09%

Property & Infrastructure: 0.08%

Fixed Interest: 0.02%

General Information

Fund Details

Type	Description
Fund Name	HF Emerging Markets Fund
APIR Code	NRM0038AU
Sector/Asset Class	Equity Emerging Markets
Morningstar Rating	(as at 31 Oct 2025)
Legal Structure	Investment Fund
Fund Inception	5 Dec 2011
Fund Size	$4.44 million (as at 28 Jun 2024)
Entry Price	$1.00712 (as at 4 Dec 2025)
Exit Price	$1.0035 (as at 4 Dec 2025)
Fund Status	Open

Offer information

Type	Description
MER	1.24% (as at 29 Oct 2025)
Indirect Cost Ratio (ICR)	1.24% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0
Minimum initial investment	$25,000
Minimum additional investments	$5,000.00
Minimum redemption amount	$5,000.00

Top 10 holdings (as at 31 Mar 2025)

Holding (as at 31 Mar 2025)	Type	% of Portfolio
Equatorial SA	Equity	4.92%
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FAQs about the HF Emerging Markets Fund

What is the objective of the HF Emerging Markets Fund managed fund?

The objective of the HF Emerging Markets Fund managed fund is The Fund's objective is to provide a total return (before the deduction of fees, charges and tax) that exceeds the return from its benchmark, the Citigroup Global Emerging Market Sovereign Investment Grade USD Index, plus 5.0% p.a. over a period of 5 or more years.

What is the strategy for the HF Emerging Markets Fund managed fund?

The strategy of the HF Emerging Markets Fund managed fund is The Fund provides a diversified exposure to listed emerging market equities (being equity securities listed on exchanges in emerging markets, or securities listed on exchanges in developed markets which have significant economic exposure to emerging markets) through a carefully selected portfolio of investments.

What is the APIR code of the HF Emerging Markets Fund managed fund?

The APIR code of the HF Emerging Markets Fund managed fund is NRM0038AU.

What was HF Emerging Markets Fund’s total return last month?

HF Emerging Markets Fund’s total return last month was -2.65%. This was made up of a growth return of -2.65% and an income return of 0%. These returns were calculated as at 30 Nov 2025.

What was HF Emerging Markets Fund’s total return for the last three months?

HF Emerging Markets Fund’s total return for the last three months was 8.2%. This was made up of a growth return of 8.2% and an income return of 0%%. These returns were calculated as at 30 Nov 2025.

What is HF Emerging Markets Fund’s one-year total return?

HF Emerging Markets Fund’s one-year total return is 29%. This was made up of a growth return of 24.02% and an income return of 4.98%. These returns were calculated as at 30 Nov 2025.

What is HF Emerging Markets Fund’s three-year total return?

HF Emerging Markets Fund’s one-year total return is 13.32%. This was made up of a growth return of 0.99% and an income return of 12.33%. These returns were calculated as at 30 Nov 2025.

What is the asset allocation of the HF Emerging Markets Fund managed fund?

The asset allocation of the HF Emerging Markets Fund managed fund is :

International Equities: 96.27%

Cash: 3.73%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

What sector/asset class does the HF Emerging Markets Fund managed fund belong to?

The HF Emerging Markets Fund managed fund belongs to the Equity Emerging Markets sector/asset class.

What is the size of the HF Emerging Markets Fund managed fund?

As at 28 Jun 2024, the size of the HF Emerging Markets Fund managed fund was $4.44 million.

What is the inception date of the HF Emerging Markets Fund managed fund?

The HF Emerging Markets Fund managed fund has an inception date of 5 Dec 2011.

What is the current entry price of the HF Emerging Markets Fund managed fund?

The current entry price of the HF Emerging Markets Fund managed fund is $1.00712 per unit and the current exit price is $1.0035 per unit (as at 4 Dec 2025).

What is the current exit price of the HF Emerging Markets Fund managed fund?

The current exit price of the HF Emerging Markets Fund managed fund is $1.0035 per unit and the current entry price is $1.00712 per unit (as at 4 Dec 2025).

What is the minimum investment amount for the HF Emerging Markets Fund managed fund?

The minimum initial investment amount for the HF Emerging Markets Fund managed fund is $25,000. Minimum additional investment is $5000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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