30 October 2026 Ashoka WhiteOak Emerging Markets Trust plc (the `Company') Monthly Update - September 2026 The Company's monthly factsheet as at 30 September 2026 is now available: https://awemtrust.com/factsheet/ The Fund was down 0.53% in 3Q 2026, underperforming the benchmark by 0.06%. The key contributors include Jentech Precision Industrial (+99.5%), OCBC (+32.5%), and MediaTek (+16.6%), whereas Accton Technology (-28.3%), NAURA Technology ( -29.5%), and Infineon Technologies (-27.7%) were the key detractors. Market Review In 3Q 2026, the MSCI EM index was down 0.46%. It underperformed other global indices like the US equities (S&P 500) and MSCI World which returned 2.12% and 1.78% respectively. For the quarter, Health Care, Energy and Financials outperformed, while, Industrials, Information Technology and Communication Services underperformed. Large caps underperformed Mid and Small caps this quarter. Among major EM markets, Brazil, Taiwan and China outperformed, while South Korea, India and Mexico underperformed. Top 10 Holdings +-----------------------------------------+-----------+--------+ |Top 10 holdings (as at 30 September 2026)|Country |% of NAV| +-----------------------------------------+-----------+--------+ | |Taiwan |13.0 | | 1. TSMC | | | +-----------------------------------------+-----------+--------+ | |South Korea|8.8 | | 2. Samsung Electronics | | | +-----------------------------------------+-----------+--------+ | |South Korea|6.6 | | 3. SK Hynix | | | +-----------------------------------------+-----------+--------+ | |China/HK |3.1 | | 4. Tencent Holdings | | | +-----------------------------------------+-----------+--------+ | |Taiwan |2.0 | | 5. MediaTek Inc | | | +-----------------------------------------+-----------+--------+ | |China/HK |1.9 | | 6. Alibaba Group Holding | | | +-----------------------------------------+-----------+--------+ | |Taiwan |1.6 | | 7. Delta Electronics | | | +-----------------------------------------+-----------+--------+ | |China/HK |1.0 | | 8. China Merchants Bank | | | +-----------------------------------------+-----------+--------+ | |Singapore |0.9 | | 9. OCBC | | | +-----------------------------------------+-----------+--------+ | |China/HK |0.9 | |10. Hong Kong Exchanges | | | +-----------------------------------------+-----------+--------+ |Total | |39.8% | +-----------------------------------------+-----------+--------+ Key Contributors 3Q 2026 Ending Total Contribution to Key Contributors Weight (%) Return (%) Return (bps) TSMC 12.8 +3.2 +41 Jentech Precision Industrial 0.7 +99.5 +40 OCBC 1.3 +32.5 +33 MediaTek 2.0 +16.6 +30 Alibaba Group 1.9 +14.6 +28 Key Detractors September 2026 Ending Total Contribution to Key Detractors Weight (%) Return (%) Return (bps) SK Hynix 6.4 -23.3 -213 Samsung Electronics 8.5 -7.9 -77 Accton Technology 0.6 -28.3 -24 NAURA Technology 0.4 -29.5 -21 Infineon Technologies 0.5 -27.7 -19 Source: Factset. Past performance does not predict future returns. The performance calculation is based on GBP. Currency fluctuations will also affect the value of an investment. About Ashoka WhiteOak Emerging Markets Trust plc Ashoka WhiteOak Emerging Markets Trust plc (AWEMT) is a UK investment trust seeking to achieve long-term capital appreciation primarily through investing in a multi-cap portfolio of equities that provide exposure to global emerging markets. Advised by White Oak Capital Pte. Ltd, founded by Prashant Khemka with leading Emerging Markets investment experience. White Oak Capital Group has delivered an exceptional track record for its other strategies, and has £6.13 billion in assets under management or advisory4. Analytical approach integral to disciplined research process underpinned by proprietary frameworks OpcoFinco™ for valuation and ABLEx™ for ESG research. The team at WhiteOak believes that emerging markets present potential for higher alpha. EM markets remain under -researched and inefficient. AWEM leverages WhiteOak's investment approach to capture the higher alpha potential in these markets. No fixed management fee. Manager remuneration is aligned with alpha generation and hence shareholders' interest. The Investment Manager is remunerated solely as a function of outperformance over the benchmark. 4Data as at 30 September 2026. AUM data refers to aggregate assets under management or investment advisory for WhiteOak Group. Further Information For further information on the Company's investment strategy and portfolio construction approach as well as details of the portfolio market cap, regional and sector composition please refer to the latest factsheet. Investment Objective To achieve long-term capital appreciation, primarily investing in equity and equity-related securities that provide exposure to global emerging markets. Summary of Investment Policy The Company shall invest primarily in securities admitted to trading on any stock exchange (which may include stock exchanges in Developed Markets) that provide exposure to companies that are domiciled in Global Emerging Markets (EMs), or that are domiciled in Developed Markets but at the time of investment, derive a majority of their economic value, revenues or profits from, or whose assets or cost base are mainly located in EMs. The Company's LEI is 254900Z4X5Y7NTODRI75 - Ends - For further information: Company Secretary [email protected] Tel: +44 (0) 20 7409 0181 Ashoka WhiteOak Capital Pte. Ltd Prashant Khemka Via Burson Buchanan Hiren Dasani Fadrique Balmaseda Ben Hayward Deutsche Numis Hugh Jonathan Tel: +44 (0) 20 7545 8000 Matt Goss Burson Buchanan Henry Harrison-Topham Tel: +44 (0) 20 7466 5000 Henry Wilson [email protected] This information was brought to you by Cision http://news.cision.com https://news.cision.com/ashoka-whiteoak-emerging-markets-trust-plc/r/monthly-update---september-2026,c4417902
Ashoka WhiteOak Emerging Markets Trust Plc - Monthly Update - September 2026
Summary by 6ix AI
Ashoka WhiteOak Emerging Markets Trust plc, a UK investment trust that invests in emerging markets shares, said its fund was down 0.53% in the third quarter of 2026, underperforming its benchmark by 0.06%. Performance is calculated in GBP.
Key details
- Key contributors for the quarter included Jentech Precision Industrial (+99.5%), OCBC (+32.5%) and MediaTek (+16.6%); TSMC added the most to returns, at +41 basis points (hundredths of a percentage point).
- Key detractors named included Accton Technology (-28.3%), NAURA Technology (-29.5%) and Infineon Technologies (-27.7%); the detractors table also lists SK Hynix (-23.3% return, -213 basis points) and Samsung Electronics (-7.9%, -77 basis points).
- As at September 30, 2026, the largest holdings were TSMC at 13.0% of net asset value, Samsung Electronics at 8.8% and SK Hynix at 6.6%; the top 10 holdings totalled 39.8%.
- The MSCI EM index, which tracks emerging markets shares, was down 0.46% in the third quarter of 2026, while the S&P 500 returned 2.12% and the MSCI World returned 1.78%.
6ix AI wrote this summary from the release below and checked it against the release.
Ashoka WhiteOak Emerging Markets Trust plc on 6ix
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