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EMBUX
Emerging Markets Bond Fund - Class I

Daily Price as of 06/08/2023

NAV† DAILY CHANGE
$5.34 $0.00 / +0.00%

Class I Details: EMBUX

INCEPTION DATE GROSS/NET EXPENSES1
07/09/12 2.51%/0.97%
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VanEck's Emerging Markets Bond Strategy Wins Awards in U.S. and Overseas
VanEck's Emerging Markets Bond Strategy Wins Awards in U.S. and Overseas

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 04/30/2023

  • Net Assets (All Classes)
    $38.5M
  • Number of Issues
    63
  • Dividend
    Monthly
  • Capital Gains
    Annual
  • Benchmark Index
    50% GBI-EM/50% EMBI

Holdings

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Fund Statistics (Class I)
as of 04/30/2023

Effective Duration (Years) 5.58
Average Yield to Worst 8.65
Average Years to Maturity 8.46
Distribution Yield 7.13%

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

 

30-Day SEC Yield*Class I as of 04/30/2023

30-Day SEC Yield * 6.67%

*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 6.17% as of 04/30/23.

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
 0.78 -0.53 4.22 5.93 7.64 1.71 0.50 --
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 I
At Net Asset Value 1.52 3.42 3.42 -0.04 8.60 1.14 0.63 --
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 --

*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 2.51% and Net 0.97%. Expenses are capped contractually through 05/01/24 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 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

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
EMBUX