VanEck – Unconstrained Emerging Markets Bond UCITS

Daily Price as of 02/04/20

BLOOMBERGNAVDAILY CHANGE
VAEMBR1 $57.05 $-0.16-0.3%
VAUMUI1 $63.38 $-0.18-0.3%
VAUMUI2 $62.68 $-0.17-0.3%
VAEMI1H €43.21 €-0.13-0.3%
VAEMEI2 €65.55 €-0.21-0.3%

Details

DOMICILE FUND STRUCTURE
Ireland       ICAV
 

Fund Summary & Key Points

The Unconstrained Emerging Markets Bond UCITS (“Sub-Fund”) seeks total return, consisting of income and capital appreciation. The Sub-Fund’s benchmark is a blended index consisting of 50% J.P Morgan Emerging Markets Bond Index (EMBI) Global Diversified and 50% J.P. Morgan Government Bond Index-Emerging Markets Global Diversified (GBI-EM).

The Sub-Fund can invest in debt securities that are issued by governments, quasi-government entities or corporations in emerging markets 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.

Fund Details
as of 29/02/20

  • Net Assets (All Classes)
    $144.7M
  • Number of Issues
    59
  • Liquidity
    Daily
  • Countries Registered
    AT, CH, DE, DK, FI, IE, IT, LU, NL, NO, SE, UK
  • Distribution Policy
    Income
  • Cut Off Time
    1pm IST
  • Close of Financial Year
    31 December
  • Benchmark Index2
    50% GBI-EM/50% EMBI

Distribution Yield*
as of 31/12/19

USD R1 Inc 5.78%
USD I1 Inc 6.65%
USD I2 Inc 6.73%
EUR Hedged I1 Inc 235.38%
EUR Hedged I2 Inc 6.99%

*Distribution Yield is the dividend income distributions made by the fund over the previous quarter divided by the Net Asset Value of the fund, which is then annualized.

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Performance History: Average Annual Total Returns (%)

1 MO1 3 MO1 YTD1 1 YR 3 YR 5 YR 10 YR LIFE
Unconstrained Emerging Markets Bond UCITS Fund
USD R1 Inc (Inception 12/06/14) -1.45 3.16 -1.01 4.84 2.87 0.52 -- -0.67
USD I1 Inc (Inception 20/08/13) -1.39 3.39 -0.85 5.83 3.71 1.40 -- 2.27
USD I2 Inc (Inception 20/08/13) -1.37 3.41 -0.83 5.92 3.89 1.55 -- 2.41
EUR Hedged I1 Inc (Inception 06/10/15) -1.52 2.74 -1.11 2.84 1.10 -- -- 2.88
EUR Hedged I2 Inc (Inception 22/08/17) -1.52 2.66 -1.17 2.91 -- -- -- -0.01
50% GBI-EM/50% EMBI - USD2 -2.19 0.94 -2.07 6.73 4.87 4.05 -- 3.56
J.P. Morgan GBI-EM Index2 -3.41 -0.71 -4.65 3.73 3.95 2.01 -- 0.55
J.P. Morgan EMBI Index2 -0.97 2.57 0.54 9.68 5.67 5.98 -- 6.48
1 MO1 3 MO1 YTD1 1 YR 3 YR 5 YR 10 YR LIFE
Unconstrained Emerging Markets Bond UCITS Fund
USD R1 Inc (Inception 12/06/14) 4.21 4.35 11.49 11.49 4.76 0.82 -- -0.51
USD I1 Inc (Inception 20/08/13) 4.28 4.60 12.52 12.52 5.62 1.70 -- 2.47
USD I2 Inc (Inception 20/08/13) 4.28 4.61 12.62 12.62 5.80 1.84 -- 2.61
EUR Hedged I1 Inc (Inception 06/10/15) 3.89 3.77 9.14 9.14 2.96 -- -- 3.26
EUR Hedged I2 Inc (Inception 22/08/17) 3.88 3.79 9.21 9.21 -- -- -- 0.49
50% GBI-EM/50% EMBI - USD2 3.07 3.51 14.31 14.31 6.92 4.57 -- 4.00
J.P. Morgan GBI-EM Index2 4.13 5.20 13.47 13.47 7.03 2.78 -- 1.32
J.P. Morgan EMBI Index2 2.01 1.81 15.04 15.04 6.69 6.24 -- 6.56

Share Class Details

SHARE CLASS ISIN CUSIP Bloomberg Reuters WKN SEDOL SIX TELEKURS
USD R1 Inc IE00BYXQSJ74 G7417D 221 VAEMBR1 68211929 A2DLGV BYXQSJ7 36845145
USD I1 Inc IE00BYXQSF37 G7417D 197 VAUMUI1 68211930 A2DLGS BYXQSF3 36845151
USD I2 Inc IE00BYXQSG44 G7417D 205 VAUMUI2 68211931 A2DLGT BYXQSG4 36845156
EUR Hedged I1 Inc IE00BYXQSD13 G7417D 189 VAEMI1H 68211935 A2DLGR BYXQSD1 36845162
EUR Hedged I2 Inc IE00BYX22V58 G7417D 288 VAEMEI2 ID 68436883 A2DVBF BYX22V5 37654637

Management Company and Agents

Investment Manager (by delegation of the Management Company) Van Eck Associates Corporation
Management Company VanEck Investments Ltd
Central Administration (by delegation of the Management Company), Custodian and Depositary State Street Ireland
Global Distributor – VanEck Investments Ltd VanEck Investments Ltd
Auditor KPMG Ireland

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Performance data for the Irish domiciled funds is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Performance data for the Dutch domiciled ETFs include income distributions gross of Dutch withholding tax, net of fees and assume that the Dutch dividend withholding tax levied from the dividend payment of the ETF will be deducted or reclaimed with the Dutch tax authority and is reinvested. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. Brokerage or transaction fees will apply. The Dutch domiciled ETFs use a gross reinvestment index. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors deduct or reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. For more information please be referred to the respective fund’s performance section on this website.

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