These 10 Mutual Funds Have the Most Exposure to Russia

They may not have Russia in their name, but a number of popular mutual funds have significant exposure to the country, with one nearing 17% of assets.

The U.S.-based equity mutual fund with the highest exposure to Russia in percentage terms is the $8.8 billion GQG Partners Emerging Markets Equity Fund, which had 16.6% of assets, or about $1.5 billion in U.S. dollar terms, exposed to Russian securities at the end of September, according to data provided by Morningstar Direct. Sberbank of Russia PJSC is among the fund’s top 10 holdings.