4/22/13: Looking into the future beyond the Fed’s easing policy, Barron’s considers ways to hedge against rising inflation. Eric Fine advises bond investors to “own inflation-linked securities in countries with a relatively high degree of rule of law” and to “have currency exposure in countries that will defend against inflation.”View article >>
4/12/13: Van Eck’s Eric Fine writes for Institutional Investor about what investors can learn from the ways certain emerging markets have successfully dealt with financial crises. Foreign central banks, he attests, are “buying the bonds of countries that share their policy frameworks” for reserve assets. View article >>
4/01/13: Bloomberg Businessweek shines a light on the terms of the Argentine government’s proposal to pay defaulted debtholders and consults Eric Fine. “The Argentines made no compromises,” he says. “[They are] playing for either delay or confrontation, neither of which is positive.”View article >>
3/01/13: Weighing the risks and rewards of investing in local-currency emerging-markets debt vs. hard currency debt, The WSJ consults Eric Fine. “Currencies will depreciate against currencies of countries with independent, well-managed [central] banks,” Fine says in reference to the U.S., the U.K. and Japan. View article >>
3/01/13: ETF Daily News highlights Van Eck’s actively managed EMBAX, which is overseen by lead Portfolio Manager Eric Fine. The article also emphasizes Van Eck’s overall growth in emerging markets, much of which is “attributable to its Market Vectors ETFs that are focused on emerging markets debt. This includes the Emerging Markets Local Currency Bond ETF (EMLC; $1.5 billion) and Emerging Markets High Yield Bond ETF (HYEM; $43 million).”View article >>
Register now
Forgot Password?
Learn more on how to purchase shares of Van Eck Mutual Funds
*Returns less than one year are not annualized.
The tables present 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 Y Gross 1.74% and Net 1.00%. Expenses are capped contractually through 05/01/14 at 1.00% for Class Y. Investment returns and Fund share values will fluctuate so that investor’s 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.
More distribution info >>
All registered investment companies, including Van Eck Associates, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading Van Eck Funds will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant Van Eck Fund on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.
Source: Van Eck Global, FactSet. Average Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Effective duration takes into account that expected cash flows will fluctuate as interest rates change. Effective maturity is the length of time until a fixed income investment returns its original investment. Distribution Yield is the amount of cash flow paid out and is calculated by dividing the annual income (interest or dividends) by the current price of the security. Averages are market weighted. These statistics do not take into account fees and expenses associated with investments or the Fund.
* 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.
© 2013 Van Eck Securities Corporation. All rights reserved.
Important Disclosure
Unless otherwise stated, portfolio facts and statistics are shown for Class A shares; other classes may have different characteristics.
†NAV: Unless you are eligible for a waiver, the public offering price you pay when you buy Class A shares of the Fund is the Net Asset Value (NAV) of the shares plus an initial sales charge. The initial sales charge varies depending upon the size of your purchase. No sales charge is imposed where Class A or Class C shares are issued to you pursuant to the automatic investment of income dividends or capital gains distribution. It is the responsibility of the financial intermediary to ensure that the investor obtains the proper “breakpoint” discount. Class C, Class I and Class Y do not have an initial sales charge; however, Class C does charge a contingent deferred redemption charge. See the prospectus and summary prospectus for more information.
1Expenses are calculated for the 12-month period ending 05/01/14: Class A: Gross 1.67% and Net 1.25%; Class C: Gross 2.81% and Net 1.95%; Class I: Gross 1.03% and Net 0.95%; Class Y: Gross 1.74% and Net 1.00%. Expenses are capped contractually until 05/01/14 at 1.25% for Class A, 1.95% for Class C, 0.95% for Class I and 1.00% for Class Y. Caps exclude certain expenses, such as interest.
2The 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.
The views and opinions expressed are those of Van Eck Global. Fund manager commentaries are general in nature and should not be construed as investment advice. Opinions are subject to change with market conditions. Any discussion of specific securities mentioned in the commentaries is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary.
You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to risks associated with its investments in emerging markets securities. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. As the Fund may invest in securities denominated in foreign currencies and some of the income received by the Fund will be in foreign currencies, changes in currency exchange rates may negatively impact the Fund’s return. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. The Fund may also be subject to credit risk, interest rate risk, sovereign debt risk, tax risk, non-diversification risk and risks associated with non-investment grade securities. Please see the prospectus and summary prospectus for information on these and other risk considerations.
Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. Bond and bond funds will decrease in value as interest rates rise. The prospectus and summary prospectus contain this and other information. Please read them carefully before investing.
Not FDIC Insured — No Bank Guarantee — May Lose Value
Van Eck Securities Corporation, Distributor335 Madison Avenue, 19th FloorNew York, NY 10017800.826.2333
© 2012 Van Eck Securities Corporation. All rights reserved.