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EMRIX
Emerging Markets Fund - Class I

Market Updates*

  • Going into 2021, we believe vaccination success on top of a benign cocktail of low rates, low inflation and ample liquidity may create a favorable atmosphere for emerging markets.
  • At a minimum, we believe style and emphasis change in China/U.S. relations will help headline risk for the asset class.
  • Acceleration of digital trends should maintain momentum, but performance may broaden out into a wider landscape of smaller companies and countries, creating potential compelling stock specific opportunities for the true all-cap VanEck Emerging Markets Equity Strategy.
  • As COVID-19 unfolded, significant market turbulence disproportionately affected small- and mid-cap stocks in emerging markets, as is often the case in times of heightened risk. As markets normalize, we believe it is reasonable to expect relative outperformance from these smaller stocks.

Learn More | The Disruption of Fintech Across Emerging Markets

Market Updates*

  • Going into 2021, we believe vaccination success on top of a benign cocktail of low rates, low inflation and ample liquidity may create a favorable atmosphere for emerging markets.
  • At a minimum, we believe style and emphasis change in China/U.S. relations will help headline risk for the asset class.
  • Acceleration of digital trends should maintain momentum, but performance may broaden out into a wider landscape of smaller companies and countries, creating potential compelling stock specific opportunities for the true all-cap VanEck Emerging Markets Equity Strategy.
  • As COVID-19 unfolded, significant market turbulence disproportionately affected small- and mid-cap stocks in emerging markets, as is often the case in times of heightened risk. As markets normalize, we believe it is reasonable to expect relative outperformance from these smaller stocks.

Learn More | The Disruption of Fintech Across Emerging Markets

Click here to read the EME White paper - The Disruption of Fintech Across Emerging Markets
Click here to read the EME Whitepaper - The Disruption of Fintech Across Emerging Markets

Daily Price as of 03/05/21

NAV DAILY CHANGE
$23.20 $0.13 / +0.6%

Class I Details: EMRIX

INCEPTION DATE GROSS/NET EXPENSES1
1.16%/1.00%

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

Country % of Net Assets
China
38.9
India
10.8
Taiwan
8.9
South Korea
8.6
Brazil
5.5
South Africa
3.1
Philippines
2.8
Russia
2.8
Mexico
2.5
Turkey
2.4
Egypt
2.0
Germany
1.9
Other EM
8.4
Cash
1.4

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Tencent Holdings Ltd. Communication Services 6.8
Alibaba Group Holding Ltd. Consumer Discretionary 6.2
HDFC Bank Limited Financials 4.8
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology 3.4
Prosus N.V. Class N Consumer Discretionary 3.1
Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 2.7
Samsung SDI Co., Ltd Information Technology 2.4
Meituan Class B Consumer Discretionary 2.2
China Education Group Holdings Limited Consumer Discretionary 1.9
Reliance Industries Limited Energy 1.9
Top 10 Total 35.4
Holdings Sector % of Net Assets
Tencent Holdings Ltd. Communication Services 6.1
Alibaba Group Holding Ltd. Consumer Discretionary 6.0
HDFC Bank Limited Financials 4.8
Samsung SDI Co., Ltd Information Technology 3.0
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology 3.0
Prosus N.V. Class N Consumer Discretionary 2.9
Delivery Hero SE Consumer Discretionary 2.3
Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 2.2
Wuxi Biologics (Cayman) Inc. Health Care 2.2
Meituan Class B Consumer Discretionary 2.1
Top 10 Total 34.6

View All Holdings

These are not recommendations to buy or sell any security. Holdings may vary.

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

Sector % of Net Assets
Consumer Discretionary 29.0
Financials 20.2
Information Technology 15.7
Communication Services 15.1
Industrials 7.0
Health Care 5.2
Real Estate 2.1
Energy 2.0
Consumer Staples 1.3
Materials 1.0
Cash 1.4

Fund Details
as of 02/28/21

  • Net Assets (All Classes)
    $3004.2M
  • Number of Holdings
    89
  • Avg. Wtd. Market Cap
    $27.6B
  • Turnover Rate (2020)
    29.7%
  • P/E (LTM) / P/E (Forward)*
    26.0 / 21.8
  • P/B (LTM)*
    4.2
  • Benchmark Index
    MSCI EM IMI
*Price-to-Earnings (P/E) ratio is the price of a stock divided by its earnings per share. Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

Market Capitalization Breakdown (%) as of 02/28/21

Market Capitalization % of Net Assets
Large (>= $10 billion) 61.5%
Mid (< $10 billion >= $2 billion) 26.4%
Small (< $2 billion) 12.1%
Average Weighted Market Cap $27.6B

Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.

Three-Year Risk Measures and Statistics 
as of 02/28/21

Volatility (Standard Deviation) 21.44
Sharpe Ratio 0.20
Alpha vs. MSCI EME IMI -0.13
Beta vs. MSCI EME IMI 1.03
R-squared vs. MSCI EME IMI 88.37
Source: VanEck and FactSet.
Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Five-Year Risk Measures and Statistics 
as of 02/28/21

Volatility (Standard Deviation) 18.52
Sharpe Ratio 0.78
Alpha vs. MSCI EME IMI 0.80
Beta vs. MSCI EME IMI 1.00
R-squared vs. MSCI EME IMI 87.69
Source: VanEck and FactSet.
Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Industry Benchmarks: Know Your Indices

  • The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sectors.

  • The Morgan Stanley Capital International (MSCI) Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

  • The MSCI Emerging Markets Investable Market Index (IMI) is a free float adjusted market capitalization index that is designed to capture large-, mid- and small-cap representation across 23 emerging markets countries. Emerging Markets countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

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