# Virtus SGA Emerging Markets Equity I (HIEMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hiemx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Thematic · Inception: 1997-10-20 This investment vehicle provides individuals with an opportunity to participate in the economic growth of developing nations. It achieves this by focusing on established and robust companies within those regions. Under normal operating conditions, a substantial portion—at least 80%—of its capital is committed to equities or instruments tied to equity from issuers located in emerging market countries. These issuers can be of any size. For defining "emerging markets," the fund generally includes all global nations, with the notable exceptions of the United States, Canada, Japan, Australia, Ne... ## Key Facts | Metric | Value | |---|---| | Price | $7.23 | | Expense Ratio | 1.21% | | Assets Under Management | $382.4M | | NAV | $7.23 | | Holdings Count | — | | Distribution Yield (TTM) | 2.21% | | Annual Distribution (TTM) | $0.16 /share | | Distribution Frequency | Irregular | | 52-Week Range | $7.23 – $8.90 | | Beta | 0.86 | ## Latest Distribution - Amount: $0.1598 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-16 ## Frequently Asked Questions ### What does HIEMX invest in? This investment vehicle provides individuals with an opportunity to participate in the economic growth of developing nations. It achieves this by focusing on established and robust companies within those regions. Under normal operating conditions, a substantial portion—at least 80%—of its capital is committed to equities or instruments tied to equity from issuers located in emerging market countries. These issuers can be of any size. For defining "emerging markets," the fund generally includes all global nations, with the notable exceptions of the United States, Canada, Japan, Australia, New Zealand, and the majority of Western European states. ### What is the expense ratio of HIEMX? Virtus SGA Emerging Markets Equity I (HIEMX) charges an expense ratio of 1.21%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is HIEMX? Virtus SGA Emerging Markets Equity I (HIEMX) manages $382.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is HIEMX actively managed or an index fund? HIEMX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was HIEMX launched? Virtus SGA Emerging Markets Equity I (HIEMX) launched in October 1997 and is managed by the fund issuer. ### How has HIEMX performed? HIEMX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does HIEMX pay a dividend? Virtus SGA Emerging Markets Equity I (HIEMX) currently distributes little or no income. Trailing-twelve-month yield is 2.21%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HIEMX pay dividends? Virtus SGA Emerging Markets Equity I pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HIEMX's dividend yield? HIEMX's trailing-twelve-month yield is 2.21%, calculated from the sum of dividends over the past year divided by the current price. ### When is HIEMX's next ex-dividend date? The most recently announced ex-dividend date for HIEMX was 2025-12-16. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will HIEMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.21% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HIEMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from HIEMX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HIEMX cost more than a fund like VOO? HIEMX's strategy (current expense ratio 1.21%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where HIEMX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to HIEMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as HIEMX (1.21%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hiemx - Distribution history: https://www.dividenddata.com/funds/hiemx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hiemx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hiemx/expenses - Peer comparison: https://www.dividenddata.com/funds/hiemx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.