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EMBAX
Emerging Markets Bond Fund - Class A

Daily Price as of 12/08/22

NAV DAILY CHANGE
$5.21 $0.03 / +0.58%

Class A Details: EMBAX

INCEPTION DATE GROSS/NET EXPENSES1
07/09/12 2.33%/1.28%

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.

Fund Details
as of 11/30/22

  • Net Assets (All Classes)
    $9.9M
  • Number of Issues
    77
  • Dividend
    Monthly
  • Capital Gains
    Annual
  • Benchmark Index
    50% GBI-EM/50% EMBI

Holdings

View All Holdings

Fund Statistics (Class A)
as of 10/31/22

Effective Duration (Years) 6.47
Average Yield to Worst 11.25
Average Years to Maturity 13.54
Distribution Yield 7.56%

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

 

30-Day SEC Yield*Class A as of 10/31/22

30-Day SEC Yield 7.71%

*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 EMBAX would have been 6.21% as of 10/31/22.

Portfolio Weightings (%)
as of 10/31/22

% of Net Assets
Sovereign Bond 68.8
Corporate Bond 15.8
Quasi-Sovereign Bond 11.5
Cash 4.0

Regional Weightings (%)
as of 10/31/22

Region % of Net Assets
Asia 38.9
Latin America 31.7
Africa 15.8
EU Europe 4.3
Non-EU Europe 3.2
Other 2.1
Cash 4.0

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 A
At Net Asset Value
-2.51 -7.32 -18.46 -20.00 -3.36 -1.91 -0.58 --
At Maximum 5.75% Sales Charge
-8.11 -12.65 -23.15 -24.60 -5.25 -3.07 -1.17 --
50% GBI-EM/50% EMBI2
-0.36 -6.47 -21.55 -22.21 -7.65 -3.04 -0.73 --
GBI-EM Index2
-0.88 -5.84 -19.29 -20.27 -8.21 -3.54 -2.56 --
EMBI Index2
0.15 -7.11 -23.83 -24.19 -7.19 -2.66 1.00 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(07/09/12)
VanEck Emerging Markets Bond Fund: Class A
At Net Asset Value -6.31 -2.20 -16.36 -17.99 -2.45 -1.34 -0.12 --
At Maximum 5.75% Sales Charge -11.70 -7.82 -21.17 -22.70 -4.35 -2.50 -0.71 --
50% GBI-EM/50% EMBI2 -5.62 -4.63 -21.27 -22.44 -7.06 -3.21 -0.63 --
GBI-EM Index2 -4.87 -4.73 -18.57 -20.63 -7.06 -3.92 -2.43 --
EMBI Index2 -6.36 -4.57 -23.95 -24.28 -7.15 -2.62 1.08 --

Country Weightings (%) as of 10/31/22

COUNTRY % OF NET ASSETS
China
6.1
Mexico
6.1
Indonesia
6.1
Brazil
4.1
South Africa
3.8
Thailand
3.8
Peru
3.7
Uruguay
3.0
Philippines
3.0
Congo
2.9
Israel
2.7
Colombia
2.7
Zambia
2.6
Czech Republic
2.4
Malaysia
2.2
Hungary
2.2
Romania
2.1
UAE
2.1
Cayman Islands
2.0
Argentina
1.7
Qatar
1.6
Ecuador
1.6
Nigeria
1.6
Turkey
1.4
Bahamas
1.4
Singapore
1.3
Uzbekistan
1.3
Poland
1.2
Angola
1.2
Austria
1.2
Sri Lanka
1.1
Panama
0.9
Chile
0.9
Dominican Republic
0.9
Mauritius
0.8
Kenya
0.8
Bahrain
0.7
Ghana
0.7
Oman
0.7
Tunisia
0.7
Jamaica
0.5
Paraguay
0.5
El Salvador
0.4
South Korea
0.4
Jordan
0.4
Costa Rica
0.4
Cote D'Ivoire
0.3
Guatemala
0.2
Senegal
0.1
Cash
9.3