Walter Scott Emerging Markets No. 2 I - Managed Fund

Fund Objective

The Fund provides exposure to a concentrated portfolio of emerging market equities by investing in the Walter Scott Emerging Markets Fund (Underlying Fund). The Underlying Fund invests in securities principally listed in emerging markets and may also provide exposure to equities where the majority of their business or assets are located in emerging markets but are listed on exchanges outside of the emerging markets (excluding the Australian Securities Exchange).

Fund Strategy

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	-7.98%	-2.41%	1.21%	21.32%	11.95%	-%	-%	-%
Growth return	-0.11%	3.7%	10.75%	25.67%	-%	-%	-%	-%
Income return	-7.87%	-6.11%	-9.54%	-4.35%	-%	-%	-%	-%
Market index (MSCI EM NR AUD)
Total return	-13.06%	-0.17%	3.91%	21.06%	17.05%	15.01%	6.49%	9.35%

As at 31 Mar 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Walter Scott Emerging Markets No. 2 I

International Equities: 95.35%

Cash: 4.65%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

International Equities: 94.52%

Cash: 2.40%

Australian Equities: 2.99%

Property & Infrastructure: 0.08%

Fixed Interest: 0.01%

Alternatives: 0%

General Information

Fund Details

Type	Description
Fund Name	Walter Scott Emerging Markets No. 2 I
Responsible Entity	Macquarie Investment Management Aus Ltd.
APIR Code	MAQ7783AU
Sector/Asset Class	Equity Emerging Markets
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	8 Feb 2024
Fund Size	$15.36 million (as at 31 Mar 2026)
Entry Price	$1.357 (as at 22 Apr 2026)
Exit Price	$1.3497 (as at 22 Apr 2026)
Fund Status	Open

Offer information

Type	Description
MER	0.75% (as at 14 Nov 2025)
Minimum initial investment	$20,000,000

Top 10 holdings (as at 31 Mar 2026)

Holding (as at 31 Mar 2026)	Type	% of Portfolio
Taiwan Semiconductor Manufacturing Co Ltd		8.76%
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FAQs about the Walter Scott Emerging Markets No. 2 I

What is the objective of the Walter Scott Emerging Markets No. 2 I managed fund?

The objective of the Walter Scott Emerging Markets No. 2 I managed fund is The Fund provides exposure to a concentrated portfolio of emerging market equities by investing in the Walter Scott Emerging Markets Fund (Underlying Fund). The Underlying Fund invests in securities principally listed in emerging markets and may also provide exposure to equities where the majority of their business or assets are located in emerging markets but are listed on exchanges outside of the emerging markets (excluding the Australian Securities Exchange).

What is the strategy for the Walter Scott Emerging Markets No. 2 I managed fund?

The strategy of the Walter Scott Emerging Markets No. 2 I managed fund is The Fund provides exposure to a concentrated portfolio of emerging market equities by investing in the Walter Scott Emerging Markets Fund (Underlying Fund). The Underlying Fund invests in securities principally listed in emerging markets and may also provide exposure to equities where the majority of their business or assets are located in emerging markets but are listed on exchanges outside of the emerging markets (excluding the Australian Securities Exchange).

What is the APIR code of the Walter Scott Emerging Markets No. 2 I managed fund?

The APIR code of the Walter Scott Emerging Markets No. 2 I managed fund is MAQ7783AU.

What was Walter Scott Emerging Markets No. 2 I’s total return last month?

Walter Scott Emerging Markets No. 2 I’s total return last month was -7.98%. This was made up of a growth return of -0.11% and an income return of -7.87%. These returns were calculated as at 31 Mar 2026.

What was Walter Scott Emerging Markets No. 2 I’s total return for the last three months?

Walter Scott Emerging Markets No. 2 I’s total return for the last three months was -2.41%. This was made up of a growth return of 3.7% and an income return of -6.11%%. These returns were calculated as at 31 Mar 2026.

What is Walter Scott Emerging Markets No. 2 I’s one-year total return?

Walter Scott Emerging Markets No. 2 I’s one-year total return is 21.32%. This was made up of a growth return of 25.67% and an income return of -4.35%. These returns were calculated as at 31 Mar 2026.

What is Walter Scott Emerging Markets No. 2 I’s three-year total return?

Walter Scott Emerging Markets No. 2 I’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Mar 2026.

What is the asset allocation of the Walter Scott Emerging Markets No. 2 I managed fund?

The asset allocation of the Walter Scott Emerging Markets No. 2 I managed fund is :

International Equities: 95.35%

Cash: 4.65%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Walter Scott Emerging Markets No. 2 I managed fund?

The Responsible Entity for the Walter Scott Emerging Markets No. 2 I managed fund is Macquarie Investment Management Aus Ltd..

What sector/asset class does the Walter Scott Emerging Markets No. 2 I managed fund belong to?

The Walter Scott Emerging Markets No. 2 I managed fund belongs to the Equity Emerging Markets sector/asset class.

What is the size of the Walter Scott Emerging Markets No. 2 I managed fund?

As at 31 Mar 2026, the size of the Walter Scott Emerging Markets No. 2 I managed fund was $15.36 million.

What is the inception date of the Walter Scott Emerging Markets No. 2 I managed fund?

The Walter Scott Emerging Markets No. 2 I managed fund has an inception date of 8 Feb 2024.

What is the current entry price of the Walter Scott Emerging Markets No. 2 I managed fund?

The current entry price of the Walter Scott Emerging Markets No. 2 I managed fund is $1.357 per unit and the current exit price is $1.3497 per unit (as at 22 Apr 2026).

What is the current exit price of the Walter Scott Emerging Markets No. 2 I managed fund?

The current exit price of the Walter Scott Emerging Markets No. 2 I managed fund is $1.3497 per unit and the current entry price is $1.357 per unit (as at 22 Apr 2026).

What is the minimum investment amount for the Walter Scott Emerging Markets No. 2 I managed fund?

The minimum initial investment amount for the Walter Scott Emerging Markets No. 2 I managed fund is $20,000,000.

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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