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EMBUX
Emerging Markets Bond Fund - Class I

Daily Price as of 01/21/21

NAV† DAILY CHANGE
$6.71 $-0.04 / -0.1%

Class I Details: EMBUX

INCEPTION DATE GROSS/NET EXPENSES1
2.18%/0.96%

Fund Summary and Key Points

The VanEck Emerging Markets Bond Fund (the "Fund") seeks total return, consisting of income and capital appreciation. The Fund can invest in debt securities that are issued by governments, quasi-government entities or corporations in emerging market countries. These securities may be denominated in any currency, including those of emerging markets. By investing in emerging markets debt securities, the Fund offers exposure to emerging markets fundamentals, generally characterized by lower debts and deficits, higher growth rates and independent central banks. Lead Portfolio Manager, Eric Fine, has over 25 years of experience in emerging markets.

Making the Investment Case for EM Bonds

Fund Details
as of 12/31/20

  • Net Assets (All Classes)
    $25.7M
  • Number of Issues
    51
  • Dividend
    Monthly
  • Capital Gains
    Annual
  • Benchmark Index2
    50% GBI-EM/50% EMBI

Holdings

View All Holdings

30-Day SEC Yield* Class I 
as of 12/31/20

30-Day SEC Yield 5.03%

* 30-Day SEC Yield is a standard calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund's expenses for the period. In the absence of temporary fee waivers, the 30-Day SEC Yield for EMBUX would have been 4.05% as of 12/31/20.

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(07/09/12)
VanEck Emerging Markets Bond Fund: Class I
At Net Asset Value 3.30 8.20 11.60 11.60 5.79 7.13 -- 3.39
50% GBI-EM/50% EMBI2 2.69 7.70 4.04 4.04 4.10 6.97 -- 3.39
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(07/09/12)
VanEck Emerging Markets Bond Fund: Class I
At Net Asset Value 3.30 8.20 11.60 11.60 5.79 7.13 -- 3.39
50% GBI-EM/50% EMBI2 2.69 7.70 4.04 4.04 4.10 6.97 -- 3.39

*Returns less than one year are not annualized.

The tables present past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees1, investment returns would have been reduced. Expenses: Class I Gross  2.18% and Net 0.96%. Expenses are capped contractually through 05/01/21 at 0.95% for Class I. Investment returns and Fund share values will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

Country Weightings (%) as of 12/31/20

Country % of Net Assets
■
China
12.6
■
Mexico
9.4
■
Indonesia
7.9
■
South Africa
5.9
■
Brazil
4.8
■
Peru
4.6
■
Russia
4.2
■
Philippines
3.4
■
Turkey
3.1
■
Suriname
2.8
■
Thailand
2.7
■
Ukraine
2.5
■
Romania
2.5
■
Jordan
2.4
■
Laos
2.4
■
Malaysia
2.2
■
Colombia
2.1
■
Czech Republic
2.0
■
Egypt
1.6
■
Chile
1.6
■
UAE
1.6
■
Poland
1.5
■
Hungary
1.5
■
Dominican Republic
1.5
■
Nigeria
1.4
■
Uruguay
1.3
■
Vietnam
1.3
■
Burkina Faso
1.3
■
Georgia
1.2
■
Moldova
1.2
■
Sri Lanka
1.1
■
Ghana
0.9
■
Panama
0.9
■
South Korea
0.7
■
Maldives
0.4
■
Cash
1.5

Portfolio Weightings (%)
as of 12/31/20

% of Net Assets
Sovereign Bond 71.2
Corporate Bond 18.6
Quasi-Sovereign Bond 8.7
Cash 1.5

Regional Weightings (%)
as of 12/31/20

% of Net Assets
Asia 38.8
Latin America 29.0
Non-EU Europe 12.2
Africa 11.0
EU Europe 7.5
Cash 1.5
Regional Total (%) 100