Daily Price as of 06/08/2023
NAV†| DAILY CHANGE |
---|---|
$5.29 |
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Class A Details: EMBAX
INCEPTION DATE | GROSS/NET EXPENSES1 |
---|---|
07/09/12 | 2.55%/1.27% |
Fund Literature
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.
Making the Investment Case for EM Bonds
Fund Details
as of 04/30/2023
-
Net Assets (All Classes)$38.5M
-
Number of Issues63
-
DividendMonthly
-
Capital GainsAnnual
-
Benchmark Index50% GBI-EM/50% EMBI
Holdings
View All Holdings |
Fund Statistics (Class A) as of 04/30/2023
Effective Duration (Years) | 5.58 |
Average Yield to Worst | 8.65 |
Average Years to Maturity | 8.46 |
Distribution Yield | 6.83% |
Source: VanEck, FactSet.
See Important Disclosure for more information.
30-Day SEC Yield*Class A as of 04/30/2023
30-Day SEC Yield * | 6.00% |
*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 5.27% as of 04/30/23.
Portfolio Weightings (%)
as of 04/30/2023
% of Net Assets | |
---|---|
Sovereign Bond | 81.4 |
Corporate Bond | 8.5 |
Quasi-Sovereign Bond | 3.2 |
Supranational Bond | 0.5 |
Cash | 6.5 |
Regional Weightings (%)
as of 04/30/2023
Region | % of Net Assets |
---|---|
Asia | 42.6 |
Latin America | 25.1 |
Africa | 12.2 |
EU Europe | 9.9 |
Non-EU Europe | 2.9 |
Supranational | 0.5 |
Other | 0.3 |
Cash | 6.5 |
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
|
0.57 | -0.81 | 4.17 | 5.48 | 7.26 | 1.38 | 0.19 | -- |
At Maximum 5.75% Sales Charge
|
-5.21 | -6.52 | -1.82 | -0.59 | 5.16 | 0.18 | -0.40 | -- |
50% GBI-EM/50% EMBI2
|
0.70 | 0.48 | 4.23 | 2.83 | -0.30 | -0.85 | 0.05 | -- |
GBI-EM Index2
|
0.86 | 1.70 | 6.06 | 6.56 | -0.13 | -1.62 | -1.77 | -- |
EMBI Index2
|
0.53 | -0.74 | 2.40 | -0.89 | -0.58 | -0.20 | 1.77 | -- |
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 | 1.50 | 3.58 | 3.58 | -0.38 | 8.30 | 0.85 | 0.33 | -- |
At Maximum 5.75% Sales Charge | -4.34 | -2.38 | -2.38 | -6.11 | 6.19 | -0.34 | -0.26 | -- |
50% GBI-EM/50% EMBI2 | 2.54 | 3.51 | 3.51 | -3.81 | 0.48 | -1.43 | 0.29 | -- |
GBI-EM Index2 | 4.12 | 5.16 | 5.16 | -0.72 | 0.87 | -2.37 | -1.52 | -- |
EMBI Index2 | 0.96 | 1.86 | 1.86 | -6.92 | -0.02 | -0.60 | 2.01 | -- |
Country Weightings (%) as of 04/30/2023
COUNTRY | % OF NET ASSETS |
---|---|
■
Indonesia
|
8.5 |
■
Malaysia
|
6.9 |
■
Thailand
|
6.2 |
■
South Africa
|
4.8 |
■
Chile
|
4.4 |
■
Mexico
|
4.2 |
■
Poland
|
4.1 |
■
Peru
|
4.0 |
■
Brazil
|
3.7 |
■
Turkey
|
2.9 |
■
UAE
|
2.6 |
■
Czech Republic
|
2.5 |
■
Colombia
|
2.5 |
■
Zambia
|
2.3 |
■
Romania
|
2.3 |
■
Philippines
|
2.1 |
■
South Korea
|
2.0 |
■
Argentina
|
2.0 |
■
Congo
|
1.9 |
■
Bahrain
|
1.8 |
■
Pakistan
|
1.7 |
■
Saudi Arabia
|
1.6 |
■
Israel
|
1.5 |
■
Singapore
|
1.5 |
■
India
|
1.5 |
■
Qatar
|
1.4 |
■
Sri Lanka
|
1.2 |
■
Angola
|
1.2 |
■
Mozambique
|
1.1 |
■
Dominican Republic
|
1.0 |
■
Hungary
|
1.0 |
■
Uruguay
|
0.9 |
■
Panama
|
0.8 |
■
Oman
|
0.7 |
■
Guatemala
|
0.6 |
■
Paraguay
|
0.5 |
■
Kuwait
|
0.5 |
■
Supranational
|
0.5 |
■
Costa Rica
|
0.4 |
■
Jordan
|
0.4 |
■
Morocco
|
0.3 |
■
Uzbekistan
|
0.3 |
■
Jamaica
|
0.3 |
■
China
|
0.3 |
■
Cote D'Ivoire
|
0.2 |
■
Rwanda
|
0.2 |
■
Gabon
|
0.2 |
■
Cash
|
6.5 |
Total |