Purchase Restrictions: Class F-2 shares are available through certain registered investment advisor and fee-based programs, but are not available for purchase in most employer-sponsored retirement plans. See the prospectus for details.
Notice: Effective January 1, 2026, the fund’s benchmark will be MSCI Emerging Markets
Notice: Effective January 1, 2026, the fund’s benchmark will be MSCI Emerging Markets
Summary
Internal Prompt
A flexible approach to developing markets.
Seeks broad exposure to emerging markets opportunities, principally by investing in emerging markets companies as well as multinational companies with material emerging markets exposure.
Price at NAV
$90.69
as of 12/18/2025 (updated daily)
Fund Assets (millions)
$75,169.3
Portfolio Managers
12
Expense Ratio
(Gross/Net %)
0.68 / 0.68%
(Gross/Net %)
Asset Mix
| U.S. Equities17.1% | |
| Non-U.S. Equities77.5% | |
| U.S. Bonds0.0% | |
| Non-U.S. Bonds3.1% | |
| Cash & Equivalents |
As of 11/30/2025
(updated monthly)
Morningstar Ownership ZoneTM
Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as
of 9/30/25
(updated quarterly)
Returns
Internal Prompt
Growth of 10K
Read important investment disclosures
NFFFX
MSCI All Country World Index (ACWI)
For Class F-2 Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2024.
High & Low Prices
Ratings & Risk
Morningstar Rating TM
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Overall Morningstar RatingTM
Funds rated(693)
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3-yr. Morningstar RatingTM
(693 funds rated)
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5-yr. Morningstar RatingTM
(616 funds rated)
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10-yr. Morningstar RatingTM
(456 funds rated)
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| Overall Morningstar Risk |
Below Average
HIGH
LOW
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| Category | Diversified Emerging Mkts |
Ratings are based on risk-adjusted returns as of 11/30/2025 (updated monthly).
Lipper Leader Scorecard
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Expense Within Category Funds Rated |
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Preservation Within Category Funds Rated |
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Tax Efficiency Within Category Funds Rated |
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Category | Emerging Markets Funds |
KEY
HIGHEST
LOWEST
LOWEST
As of 11/30/2025
(updated monthly)
Holdings
Equities Breakdown
Equity Fund Holdings
| Information technology 21.9% | |
| Financials 17.0% | |
| Consumer discretionary 12.9% | |
| Industrials 12.2% | |
| Communication services 10.0% | |
| Materials 5.8% | |
| Health care 5.4% | |
| Consumer staples 4.5% | |
| Energy 2.2% | |
| Real estate 1.6% | |
| Utilities 1.2% |
% of net assets as of 11/30/2025 (updated monthly)
The New Geography of Investing ®
| Regions | Fund |
MSCI All Country World Index (ACWI)
|
|
| United States | 18.1% | 64.7% | |
| Canada | 2.0% | 3.0% | |
| Europe & Middle East | 15.6% | 14.4% | |
| Japan | 3.6% | 4.9% | |
| Asia-Pacific ex. Japan | 2.5% | 2.2% | |
| China | 14.8% | 3.1% | |
| Emerging markets ex. China | 42.5% | 7.7% | |
| Other | 0.9% | 0.0% |
% of net assets as of 11/30/2025 (updated monthly)
Fund Breakdown by Domicile
| Regions | Fund |
MSCI All Country World Index (ACWI)
|
| United States | 17.1% | 64.7% |
| Canada | 1.9% | 3.0% |
| Europe & Middle East | 14.7% | 14.4% |
| Japan | 3.4% | 4.9% |
| Asia-Pacific ex. Japan | 2.3% | 2.2% |
| China | 13.9% | 3.1% |
| Emerging markets ex. China | 40.1% | 7.7% |
| Other | 0.9% | 0.0% |
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Cash & equivalents
|
2.6% | -- |
| Fixed Income | 3.0% | -- |
% of net assets as of 11/30/2025 (updated monthly)