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EMBUX
Emerging Markets Bond Fund - Class I

Daily Price as of 03/05/21

NAV DAILY CHANGE
$6.55 $-0.03 / -0.5%

Class I Details: EMBUX

INCEPTION DATE GROSS/NET EXPENSES1
2.18%/0.96%

Country Weightings (%) as of 02/28/21

Country % of Net Assets
China
10.3
Mexico
8.7
South Africa
5.9
Russia
5.1
Indonesia
5.0
Turkey
4.3
Malaysia
4.1
Colombia
4.1
Philippines
3.5
Chile
3.4
Suriname
2.7
Thailand
2.6
Angola
2.5
Laos
2.2
Brazil
1.9
Nigeria
1.8
Poland
1.7
UAE
1.7
Peru
1.6
Saudi Arabia
1.6
Argentina
1.5
Dominican Republic
1.5
Georgia
1.4
Oman
1.4
Ukraine
1.4
Ecuador
1.3
Romania
1.1
Ghana
1.0
Burkina Faso
0.9
Netherlands
0.9
Israel
0.9
Moldova
0.8
Panama
0.8
Vietnam
0.8
Singapore
0.7
South Korea
0.7
Czech Republic
0.7
Egypt
0.7
Bahrain
0.5
United States
0.5
Uruguay
0.4
Gabon
0.4
Maldives
0.4
Mongolia
0.3
Jordan
0.3
Kenya
0.3
Guatemala
0.3
El Salvador
0.3
Cote D'Ivoire
0.2
Armenia
0.2
Senegal
0.2
Cash
2.5

Portfolio Weightings (%)
as of 02/28/21

% of Net Assets
Sovereign Bond 69.8
Corporate Bond 19.1
Quasi-Sovereign Bond 8.6
Cash 2.5

Fund Details
as of 02/28/21

  • Net Assets (All Classes)
    $27.7M
  • Number of Issues
    69
  • Dividend
    Monthly
  • Capital Gains
    Annual
  • Benchmark Index2
    50% GBI-EM/50% EMBI

Fund Statistics (Class A) 
as of 02/28/21

Effective Duration (Years) 4.80
Average Yield to Worst 7.23
Average Years to Maturity 6.96
Distribution Yield 5.10%

Source: VanEck, FactSet.
See Important Disclosure for more information.

 

Gross Currency Exposure 
as of 02/28/21

U.S. Dollar 41.7
Chinese Renminbi 7.1
South African Rand 5.9
Russian Ruble 5.1
Indonesian Rupiah 4.9
Mexican Peso 4.8
Turkish Lira 4.3
Malaysian Ringgit 4.1
Colombian Peso 4.1
Philippines Peso 3.5

Currency Exposure (%) 
as of 02/28/21

Local Currency 55.8
Hard Currency 41.7
Cash 2.5

Credit Quality Breakdown (%) as of 02/28/21

Composite Rating % of Net Assets
AAA 0.0
AA 12.8
A 4.1
BBB 33.1
BB 16.4
B 22.6
CCC 5.8
CC 0.0
C 0.0
NR 0.0
Other 2.7
Cash 2.5

Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Industry Benchmarks: Know Your Indices

  • The  J.P. Morgan Government Bond Index-Emerging Markets Global Diversified (GBI-EM) tracks local currency bonds issued by Emerging Markets governments. The index spans over 15 countries. 

  • The J.P. Morgan Emerging Markets Bond Index Global Diversified (EMBI) tracks returns for actively traded external debt instruments in emerging markets, and is also J.P. Morgan’s most liquid U.S-dollar emerging markets debt benchmark.

All indices listed are unmanaged and are not securities in which investments can be made.