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GBFAX
Emerging Markets Fund - Class A

Market Updates*

  • Acceleration of digitalization across emerging markets throughout 2020 and into 2021 is creating opportunity for investing in forward-looking, sustainable and structural growth companies in this space.
  • Many aspects of economic activity in emerging markets are returning to a semblance of normality, despite varying COVID-19 experiences.
  • Vaccination availability is improving though will generally be behind the pace of developed markets, but we believe conventional monetary policy and lower fiscal support, compared to developed markets, bodes well for economic growth over the next several years.

Learn More | Structural Growth to Regain Luster, After Style Rotation Calms

Market Updates*

  • Acceleration of digitalization across emerging markets throughout 2020 and into 2021 is creating opportunity for investing in forward-looking, sustainable and structural growth companies in this space.
  • Many aspects of economic activity in emerging markets are returning to a semblance of normality, despite varying COVID-19 experiences.
  • Vaccination availability is improving though will generally be behind the pace of developed markets, but we believe conventional monetary policy and lower fiscal support, compared to developed markets, bodes well for economic growth over the next several years.

Learn More | Structural Growth to Regain Luster, After Style Rotation Calms

Click here to read the EME White paper - The Electric Vehicle Revolution and ESG Charge Ahead
Click here to read the EME Whitepaper - The Electric Vehicle Revolution and ESG Charge Ahead

Daily Price as of 07/23/21

NAV† DAILY CHANGE
$21.04 $-0.21 / -0.99%

Class A Details: GBFAX

INCEPTION DATE GROSS/NET EXPENSES1
1.47%/1.47%
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Fund Summary and Key Points

The VanEck Emerging Markets Fund (the "Fund") seeks long-term capital appreciation by investing in equity securities in emerging markets around the world.

  • A global emerging markets equity portfolio focused on companies with growth potential at a reasonable price (“GARP”)
  • A bottom-up investment process driven by fundamental research into the sustainability of a company’s growth drivers
  • Growth is oriented toward strong secular stories, many of which reflect domestic demand themes and are often found in smaller-capitalization stocks

Fund Details
as of 06/30/21

  • Net Assets (All Classes)
    $3021.3M
  • Number of Holdings
    84
  • Avg. Wtd. Market Cap
    $25.6B
  • Turnover Rate (2020)
    29.7%
  • P/E (LTM) / P/E (Forward)*
    23.3 / 18.1
  • P/B (LTM)*
    3.8
  • 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.

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Tencent Holdings Ltd. Communication Services 5.2
HDFC Bank Limited Financials 4.7
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology 3.9
Alibaba Group Holding Ltd. Consumer Discretionary 3.7
Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 3.2
LG Chem Ltd. Materials 2.5
Prosus N.V. Class N Consumer Discretionary 2.5
Reliance Industries Limited Energy 2.5
China Education Group Holdings Limited Consumer Discretionary 2.4
A-Living Smart City Services Co., Ltd. Class H Industrials 2.3
Top 10 Total 32.9
Holdings Sector % of Net Assets
Tencent Holdings Ltd. Communication Services 5.2
HDFC Bank Limited Financials 4.7
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology 3.9
Alibaba Group Holding Ltd. Consumer Discretionary 3.7
Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 3.2
LG Chem Ltd. Materials 2.5
Prosus N.V. Class N Consumer Discretionary 2.5
Reliance Industries Limited Energy 2.5
China Education Group Holdings Limited Consumer Discretionary 2.4
A-Living Smart City Services Co., Ltd. Class H Industrials 2.3
Top 10 Total 32.9

View All Holdings

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

Country Weightings (%) as of 06/30/21

Country % of Net Assets
■
China
35.2
■
Taiwan
10.4
■
India
10.0
■
South Korea
9.5
■
Brazil
6.2
■
Russia
4.6
■
South Africa
2.8
■
Mexico
2.4
■
Philippines
2.3
■
Argentina
2.2
■
Germany
2.1
■
Turkey
2.0
■
Other EM
9.1
■
Cash
1.3

Investment Style Box

image Investment style box diagram illustrating the investment strategy of the Emerging Markets Fund

This investment style box is based on the Fund's overall targeted capitalization range and relative valuation as determined by VanEck.

Sector Weightings (%)
as of 06/30/21

Sector % of Net Assets
Consumer Discretionary 24.6
Financials 18.8
Information Technology 16.6
Communication Services 12.6
Industrials 9.9
Health Care 7.2
Consumer Staples 2.7
Energy 2.6
Materials 2.5
Real Estate 1.2
Cash 1.3

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/20/93)
VanEck Emerging Markets Fund: Class A
At Net Asset Value 0.88 3.70 4.25 30.96 9.49 12.24 5.40 --
At Maximum 5.75% Sales Charge -4.92 -2.26 -1.75 23.43 7.35 10.92 4.77 --
MSCI EM IMI2 0.42 5.73 8.75 43.21 11.38 12.86 4.31 --
MSCI EM Index2 0.17 5.05 7.45 40.90 11.27 13.03 4.28 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/20/93)
VanEck Emerging Markets Fund: Class A
At Net Asset Value 0.88 3.70 4.25 30.96 9.49 12.24 5.40 --
At Maximum 5.75% Sales Charge -4.92 -2.26 -1.75 23.43 7.35 10.92 4.77 --
MSCI EM IMI2 0.42 5.73 8.75 43.21 11.38 12.86 4.31 --
MSCI EM Index2 0.17 5.05 7.45 40.90 11.27 13.03 4.28 --

*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 A: Gross 1.47% and Net 1.47%. Expenses are capped contractually through 05/01/22 at 1.60% for Class A. 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.

^The Fund's inception date was December 20, 1993, but prior to December 18, 2002, it operated with a substantially different investment strategy. Specifically, it invested primarily in the common stocks and other equity securities of global large-cap growth companies and could invest no more than 10% of its assets in emerging markets securities.