Skip directly to Accessibility Notice

EMBUX
Emerging Markets Bond Fund - Class I

Daily Price as of 03/24/23

NAV† DAILY CHANGE
$5.32 $0.00 / +0.00%

Class I Details: EMBUX

INCEPTION DATE GROSS/NET EXPENSES1
07/09/12 1.74%/0.96%
Schedule a Call
Fund FAQ
How to Buy
Why Invest in Emerging Markets Bonds in 2023
Why Invest in Emerging Markets Bonds in 2023

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 02/28/23

  • Net Assets (All Classes)
    $23.7M
  • Number of Issues
    73
  • Dividend
    Monthly
  • Capital Gains
    Annual
  • Benchmark Index
    50% GBI-EM/50% EMBI

Holdings

View All Holdings

Fund Statistics (Class I)
as of 02/28/23

Effective Duration (Years) 5.85
Average Yield to Worst 9.24
Average Years to Maturity 9.92
Distribution Yield 6.15M

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

 

30-Day SEC Yield*Class I as of 02/28/23

30-Day SEC Yield * 6.57%

*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 5.71% as of 02/28/23.

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
 -2.78 4.85 1.87 -2.36 0.35 1.19 0.45 --
50% GBI-EM/50% EMBI2
 -2.69 2.20 0.95 -7.33 -4.68 -1.80 -0.02 --
GBI-EM Index2
 -3.16 3.17 0.99 -6.11 -4.30 -2.96 -1.97 --
EMBI Index2
 -2.21 1.22 0.89 -8.64 -5.17 -0.73 1.85 --
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 2.93 10.43 -7.21 -7.21 -0.30 1.00 0.59 --
50% GBI-EM/50% EMBI2 1.24 8.30 -14.73 -14.73 -5.64 -1.85 -0.17 --
GBI-EM Index2 2.16 8.45 -11.69 -11.69 -6.11 -2.51 -2.03 --
EMBI Index2 0.33 8.11 -17.78 -17.78 -5.28 -1.31 1.59 --

*Returns less than one year are not annualized.

The table presents 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 1.74% and Net 0.96%. Expenses are capped contractually through 05/01/23 at 0.95% for Class I. Investment returns and Fund share values will fluctuate so that investors' 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 02/28/23

COUNTRY % OF NET ASSETS
■
Indonesia
8.2
■
South Africa
6.8
■
Brazil
5.5
■
Thailand
5.0
■
Malaysia
4.7
■
Mexico
4.5
■
Peru
3.9
■
Poland
3.5
■
China
3.1
■
Turkey
2.8
■
Chile
2.8
■
Czech Republic
2.6
■
Sri Lanka
2.6
■
Romania
2.4
■
Argentina
2.2
■
Uruguay
2.1
■
South Korea
2.1
■
Colombia
2.1
■
Zambia
2.0
■
Congo
1.8
■
Philippines
1.8
■
Pakistan
1.6
■
UAE
1.5
■
Saudi Arabia
1.5
■
Qatar
1.5
■
India
1.4
■
Senegal
1.4
■
Singapore
1.3
■
Hungary
1.1
■
Israel
1.1
■
Mozambique
1.0
■
Angola
1.0
■
Dominican Republic
0.8
■
Jamaica
0.7
■
Panama
0.7
■
Austria
0.6
■
Bahrain
0.6
■
Luxembourg
0.5
■
Uzbekistan
0.5
■
Oman
0.5
■
Guatemala
0.5
■
Supranational
0.4
■
Paraguay
0.4
■
Kuwait
0.4
■
Cote D'Ivoire
0.4
■
Jordan
0.3
■
Costa Rica
0.2
■
Morocco
0.1
■
Rwanda
0.1
■
Gabon
0.1
■
Cash
5.3

Portfolio Weightings (%)
as of 02/28/23

% of Net Assets
Sovereign Bond 80.5
Corporate Bond 10.2
Quasi-Sovereign Bond 3.0
Supranational Bond 1.0
Cash 5.3

Regional Weightings (%)
as of 02/28/23

Region % of Net Assets
Asia 39.7
Latin America 25.6
Africa 14.6
EU Europe 10.9
Non-EU Europe 2.8
Supranational 0.4
Other 0.7
Cash 5.3