KEMX

KEMX is a fairly straightforward portfolio of a specific geographic target. The fund focuses on emerging markets with the exception of China, taking mid- and large-cap stocks from these markets. KEMX selects and weights its constituents by market cap. When an issuer's securities are primarily listed outside of its country of incorporation, other factors are considered, such as the issuer's secondary listings, geographic distribution of shareholder base, location of headquarters, among others. The index is rebalanced quarterly.