I invest in MAPIX, and not SFGIX. Unlike Ted, I won't whip you with a wet noodle for holding both funds.
In looking at the top 25 holdings of each fund as reported in Morningstar, I don't see that much overlap by security. How did you determine that there is appreciable overlap?

Hi Maurice, I was looking at region-specific holdings only, not specific securities.

I do hold them both. My MACSX holding followed Foster to SFGIX and when MSMLX disappointed, my small cap money went to Grandeur Peak. Decided to keep a fairly small position in MAPIX. It's a solid fund and my only Matthews position.

Based on M*'s X-ray tool I believe I could look at very close to if not all of the combined holdings. They appear to share 3 common investments- Samsung, Taiwan Semiconductor Mfg and Fuyao Glass Industry Group. These holdings represent 7.57% of SFGIX and 5.8% of MAPIX. As Maurice rightly pointed out I don't think I'd be too concerned about the overlap.

I hold both, MAPIX partly because I've held it for a long time and it's done well for me and partly because I don't have much exposure to Japan in other holdings. I hold SFGIX as my larger cap emerging markets fund and GPEOX as my small cap EM fund. I'm happy to hold all 3 to benefit from their specific expertise even if that sometimes leads them to the same place.

In your opinion, does it make sense to hold both funds? There seems to be some overlap with the predominantly Asia holdings, and both do hold emerging markets (SFGIX has a higher %). The differences appear to be the Japan (MAPIX) and Latin America (SFGIX) holdings. Thoughts?

It's doing ok so far compared to RIMIX, SFGIX, EEM, DREGX, WAEMX, HLEMX, MAPIX over the life of the fund, but I hear you on the comparison to ARTZX.
That's how they do it over there, scoot aside the poor performers, gather assets, keep shareholders happy...

BTW, SFGIX/SIGIX has no such mandate, but lands in the top 1% for "sustainability."

@Crash , Foster writes about that in his last letter to shareholders.
Seafarer’s Policy on Corporate Governance (or, “ESG Policy”)
http://www.seafarerfunds.com/letters-to-shareholders/2017/04/annual

Yes, I read that. Glad to see it. I read it very SLOWLY, due to the tiny print. Of course, when reading online, I can play with the type-size. :)

BTW, SFGIX/SIGIX has no such mandate, but lands in the top 1% for "sustainability."

@Crash , Foster writes about that in his last letter to shareholders.
Seafarer’s Policy on Corporate Governance (or, “ESG Policy”)
http://www.seafarerfunds.com/letters-to-shareholders/2017/04/annual

BTW, SFGIX/SIGIX has no such mandate, but lands in the top 1% for "sustainability."
http://www.morningstar.com/funds/XNAS/SFGIX/quote.html

Recent SFGIX performance is exactly what I expect; in fact, it's the very reason I own it as my primary EM exposure. @rforno hit the nail on the head: don't compare yourself (or a particular fund) to others, as long as it is accomplishing your objectives--and yours alone! If you feel impatient with one year EM performance, you probably shouldn't have an EM allocation. You're likely to make changes at the wrong time and lose out in the long run.

With all due respect, I don't put much weight behind the fact that the fund has struggled for a year. Given Foster's history, I would give him the benefit of the doubt for now. As Ted said, the fund's 3 and 5-year performance is very good. I would give Foster the benefit of the doubt that he will turn it around. In addition, I don't believe SFGIX is considered a total EM fund, so it may lag other EM funds that are more comprehensive.

Ya, I've been getting impatient, too. Longer term, the fund looks great. And I remember the lesson of the tortoise and the hare. But when the pack is almost ALL ahead of you, a point will be reached when "making your move" will simply be too late. SFGIX has done very well just over the past 2 DAYS...

@BenWP: No question SFGIX has had a difficult time of it YTD and 1-Year, putting it in the 85 and 93 percentile. However, its 3 & 5 year performance is excellent with a 5th and 7th percentile ranking. I guess its a question of what have you done for me lately. I recommend if thing don't improve significantly by the end of 2017, I'd dump Foester
Regards,
Ted
M*: SFGIX Performance:
http://performance.morningstar.com/fund/performance-return.action?t=SFGIX&region=usa&culture=en-US

http://updates.seafarerfunds.com/t/ViewEmail/r/ABC6E0301B01329A2540EF23F30FEDED/A8EFEBE0ED2CC0EB4D402EFBD42943A3
Shareholders of SFGIX, myself included, probably received an email with Andrew Foster's latest video. I did not watch the whole thing but I did listen carefully as Foster struggled to explain why the fund has failed to keep pace with its bogey for four quarters running. Not buying Chinese internet stocks did not sit well with me as good reasoning. I know many on the board own the fund and I, for one, believed we'd be rewarded in a year when EM stocks have been on a tear. Do others share my disappointment?

Currently, I hold SFGIX and FMIJX, which have been very good. I've looked at MAPIX but it seems like a bit of overlap because SFGIX is heavy in Asia as well.

For me ARTKX has been a core international fund for last several years. I tempted to split it across ARTKX and FMIJX in the 1-2 years, but controlled that urge. I bought VWIGX in my daughter's Education IRA a few years ago and it made good money in that account, and I added Vanguard International Dividend Growth index in my retirement account a few months ago.
SFGIX, ARTWX and GPEOX have been my EM funds. Though, sometimes I tempt to sell one of them and instead play with EM regions (Latin America, Asia and Emerging Euro) with TRow Price funds for a small part of my portfolio.

Yes I have been reading up on this fund over the past couple of weeks too and am intrigued by it. I have followed Jain over the past couple of years. I'm curious what % of your equity portfolios does EM currently represent. I'm around 5 %

I'm 10% foreign. And SFGIX is my only dedicated EM equity fund. It's 3% of total portfolio. I've not been adding much at all. Mostly just watching, lately. Rich valuations. I'm re-investing all pay-outs.

I sold HIEMX a few months back which he ran from 2006-2016 which had superior results during his tenure. I had a wait and see attitude after he left, and decided to opt for SFGIX about 6 months ago. His new fund is not currently offered at Fido, but time will tell. I would be happy to invest with him again when offered, Im still slightly underweight in intl despite my adding in second quarter to all my intl funds. I recently brought SFGIX up to 25K so I can convert to inst. shares which is in process.

Hi, guys. Yes, understood. When I actually DO buy-into PTIAX, it will be in a regular, taxable account, and at that time, I will have turned a corner, starting to take dividends and other pay-outs in cash for expenses, rather than re-investing it all--- which I'm currently doing. I'm still going to hold a good chunk in stocks to fight inflation and for growth. Once again, current holdings: MAPOX, MSCFX, PNM (single stock,) SFGIX, PRWCX, PREMX, PRSNX, PRIDX, PRDSX, and wife's 403b in VSCIX. Thanks!

Thanks TS; I like that fact that they responded expediently to your request.
I have a brokerage account with FIDO; I guess I could buy it "direct" and transfer it to FIDO and save the TF??? Not sure it's worth the effort though?
Do either of you have any other thoughts about the fund itself?
I would like to consolidate into two (2) funds and thought maybe CNRYX/RIMIX might help my quest. I currently hold BEXFX (Baron) and a very small amount of SFGIX/SIGIX (Seafarer) and a bit of MEASX (Matthews).
Do you have any suggestions on an EM fund that has solid returns and metrics. I'm not looking for the highest returning fund and I certainly do not want to "performance chase".