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EMBUX
Emerging Markets Bond Fund - Class I

Daily Price as of 09/20/21

NAV DAILY CHANGE
$6.48 $-0.02 / -0.31%

Class I Details: EMBUX

INCEPTION DATE GROSS/NET EXPENSES1
1.73%/0.95%
Why Invest?

Country Weightings (%) as of 08/31/21

Country % of Net Assets
Mexico
8.8
South Africa
5.0
Indonesia
4.9
Chile
4.3
China
4.2
Peru
4.0
Thailand
3.9
Colombia
3.5
Malaysia
3.3
Brazil
3.0
Argentina
2.5
Ecuador
2.5
Czech Republic
2.4
Hungary
2.3
Zambia
2.1
Philippines
2.1
Romania
2.1
Ghana
1.9
Georgia
1.7
Poland
1.7
Saudi Arabia
1.6
Turkey
1.6
UAE
1.6
Ukraine
1.6
Nigeria
1.6
El Salvador
1.6
Kazakhstan
1.5
South Korea
1.4
Qatar
1.3
Oman
1.3
Israel
1.2
Gabon
1.2
Uruguay
1.2
Uzbekistan
1.1
Cayman Islands
1.0
Egypt
0.9
India
0.9
Ireland
0.9
Panama
0.8
Costa Rica
0.7
Luxembourg
0.6
Singapore
0.6
Kuwait
0.5
Paraguay
0.5
Azerbaijan
0.5
Taiwan
0.4
Guatemala
0.3
Jordan
0.3
Kenya
0.3
Senegal
0.2
Mongolia
0.1
Armenia
0.1
Cash
4.4

Portfolio Weightings (%)
as of 08/31/21

% of Net Assets
Sovereign Bond 67.1
Corporate Bond 16.7
Quasi-Sovereign Bond 11.8
Cash 4.4

Fund Details
as of 08/31/21

  • Net Assets (All Classes)
    $31.3M
  • Number of Issues
    81
  • Dividend
    Monthly
  • Capital Gains
    Annual
  • Benchmark Index2
    50% GBI-EM/50% EMBI

Fund Statistics (Class A) 
as of 08/31/21

Effective Duration (Years) 5.29
Average Yield to Worst 5.28
Average Years to Maturity 7.56
Distribution Yield 5.46%

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

 

Gross Currency Exposure 
as of 08/31/21

U.S. Dollar 44.3
Mexican Peso 5.1
Chilean Peso 4.3
Indonesian Rupiah 4.1
South African Rand 4.1
Peruvian New Sol 4.0
Thailand Baht 3.9
Malaysian Ringgit 3.3
Chinese Renminbi 2.5
Czech Koruna 2.4
Hungarian Forint 2.3
Romanian Leu 2.1
Zambian Kwacha 2.1
Philippines Peso 2.1
Colombian Peso 2.0
Polish Zloty 1.7
Kazakhstan Tenge 1.5
Uruguay Peso 1.2
Ukraine Hryvnia 1.0
Singapore Dollar 0.6

Currency Exposure (%) 
as of 08/31/21

Local Currency 51.3
Hard Currency 44.3
Cash 4.4

Credit Quality Breakdown (%) as of 08/31/21

Composite Rating % of Net Assets
AAA 1.7
AA 8.7
A 10.8
BBB 30.2
BB 19.0
B 17.0
CCC 8.2
CC 0.0
C 0.0
NR 0.0
Other 0.0
Cash 4.4

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.