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  • Ticker:- EMF;false;;

  • Van Eck Emerging Markets Fund

  •  

    The Van Eck Emerging Markets Fund (GBFAX | EMRCX | EMRIX | EMRYX) may offer greater potential for growth than other emerging markets funds by focusing on small- and mid-cap companies in Eastern Europe, Latin America, Africa, Asia, the Middle East and other emerging markets. These markets are often characterized by a rapidly expanding middle class and an increasingly skilled and competitive workforce. The Fund is managed by a specialized team of investment professionals that has developed proprietary methodologies to identify and capitalize on new opportunities.

    Emerging Markets Manager Commentary: 4Q'11  | PDF Tiny Morningstar Interviews Angus Shillington, Sept. 28, 2011
    A Comparison of Returns: Emerging Markets Equity (2010)  

  • Fund Details

     

    as of 12/31/11
    Net Assets (Class A, C, I, Y) $83.7M P/E (LTM) 9.3
    Number of Holdings 101 P/B (LTM) 1.4
    Turnover Rate (2010) 112% Avg. Weighted Market Cap (09/30/11) $3.5B

  • Fund Prices

     

    as of 02/03/2012
    FundTickerNAVDaily ChangeYTD ChangeHistorical PricesExpense Ratio
    Gross     Net
    Class A: NAV GBFAX $11.64 $0.18 +1.6% +17.3% Chart 1.74%         1.74%
    Class C: NAV EMRCX $10.97 $0.16 +1.5% +17.2% Chart 2.61%         2.50%
    Class I: NAV EMRIX $11.98 $0.17 +1.4% +17.3% Chart 2.23%         1.25%
    Class Y: NAV EMRYX $11.64 $0.17 +1.5% +17.3% Chart 1.73%         1.70%

  • Performance History: Average Annual Total Returns (%)

    as of 12/31/2011
    1 MO
    3 MO
    YTD1
    1 YR1
    3 YR
    5 YR
    10 YR
    LIFE
    Class A: NAV (Inception 12/20/93) -5.54 1.12 -26.58 -26.58 27.52 -2.16 9.78 6.85
    Class A: Maximum 5.75% load -10.97 -4.73 -30.83 -30.83 25.00 -3.31 9.14 6.50
    Class C: NAV (Inception 10/3/03) -5.56 1.08 -27.05 -27.05 26.70 -2.85 -- 9.41
    Class C: 1.00 % redemption fee -6.49 0.08 -27.77 -27.77 26.70 -2.85 -- 9.41
    Class I: NAV (Inception 12/31/07) -5.47 1.28 -26.19 -26.19 28.21  -- -- -9.21
    Class Y: NAV (Inception 4/30/10) -5.54 1.22 -26.58 -26.58 -- -- -- -6.62
    MSCI EM Index -1.20 4.45 -18.17 -18.17 20.42 2.70 14.20 --
    MSCI EM Small Cap Index -1.31 -0.64 -26.96 -29.96 25.90 3.58 15.05 --
    as of 09/30/2011
    1 MO
    3 MO
    YTD1
    1 YR1
    3 YR
    5 YR
    10 YR
    LIFE
    Class A: NAV (Inception 12/20/93) -18.52 -25.88 -27.39 -20.58 7.99 0.93 10.84 6.88
    Class A: Maximum 5.75% load -23.18 -30.15 -31.59 -25.18 5.89 -0.26 10.20 6.53
    Class C: NAV (Inception 10/3/03) -18.56 -26.12 -27.82 -21.27 7.20 0.18 -- 9.58
    Class C: 1.00 % redemption fee -19.37 -26.86 -28.55 -22.05 7.20 0.18 -- 9.58
    Class I: NAV (Inception 12/31/07) -18.45 -25.75 -27.12 -20.21 8.80  -- -- -10.09
    Class Y: NAV (Inception 4/30/10) -18.54 -25.90 -27.47 -20.73 -- -- -- -8.53
    MSCI EM Index -14.56 -22.46 -21.66 -15.89 6.59 5.17 16.41 --
    MSCI EM Small Cap Index -15.94 -23.75 -26.49 -20.65 14.21 7.53 17.33 --


     

    1Year-to-date and one-year returns are not annualized.

    Expenses are calculated for the 12-month period ended 05/01/12: Class A: Gross 1.74% and Net 1.74%; Class C: Gross 2.61% and Net 2.50%; Class I: Gross 2.23% and Net 1.25%; and Class Y: Gross 1.73% and Net 1.70%. Expenses are capped contractually through 05/01/12 at 1.95% for Class A; 2.50% for Class C; 1.25% for Class I; and 1.70% for Class Y. Caps exclude certain expenses, such as interest.

    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 fees, investment returns would have been reduced. 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.  

  • Fund Summary

     

    The Fund seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world. The Fund's benchmark is the Morgan Stanley Capital International Emerging Markets (EM) Index.

  • Country Weightings (%)

     

    as of 12/31/11
    China/H.K. 25.1%
    South Korea 13.6%
    Brazil 12.3%
    Taiwan 6.7%
    Russia 5.6%
    Indonesia 5.0%
    Thailand 3.5%
    South Africa 3.4%
    India 2.9%
    Turkey 2.5%
    Singapore 2.0%
    Mexico 1.5%
    Other 12.4%
    Cash 3.5%

  • Sector Weightings (%)

     

    as of 12/31/11
    Consumer Discretionary 25.7%
    Financials 20.3%
    Information Technology 12.1%
    Materials 12.0%
    Energy 10.0%
    Industrials 8.9%
    Consumer Staples 3.3%
    Telecommunication Services 1.8%
    Other 5.9%

  • Three-Year Risk Measures and Statistics

     

    as of 12/31/11
    Volatility (Standard Deviation) 31.92
    Sharpe Ratio 0.92
    Alpha vs. MSCI EM 3.55
    Beta vs. MSCI EM 1.17
    R squared vs. MSCI EM 0.92

  • Share Class Details

     

    Share ClassTickerInception DateMaximum Sales ChargeMaximum Deferred Sales ChargeService Fees 12b-1
    AGBFAX12/20/19935.75%0.00%0.25%
    CEMRCX10/03/20030.00%1.00%1.00%
    IEMRIX12/31/20070.00%0.00%0.00%
    YEMRYX04/30/20100.00%0.00%0.00%

  • Top Ten Holdings (%)

     

    as of 11/30/11
    Samsung Electronics Co. Ltd. 4.4%
    China Minsheng Banking Corp Ltd. 2.3%
    Tisco Financial Group PCL 2.1%
    Localiza Rent a Car 2.0%
    Hyundai Mobis 2.0%
    Kia Motors Corp. 1.9%
    Vale SA 1.8%
    BR Malls Participacoes SA 1.8%
    Koza Altin Isletmeleri AS 1.7%
    Dah Chong Hong Holdings Ltd. 1.7%
    Top Ten Subtotal 21.7%
    These are not recommendations to buy or sell any security. Sectors and holdings may vary.

  • Class A NAV History

     

    as of 12/31/2011
    12-Month High (04/28/11) $14.13
    12-Month Low (10/03/11) $9.49
    Current Month End $9.92
    November 2011 Month End $10.64
    October 2011 Month End $11.18
    September 2011 Month End $9.94
    August 2011 Month End $12.20
    July 2011 Month End $13.44
    June 2011 Month End $13.41
    May 2011 Month End $13.75
    April 2011 Month End $14.13
    March 2011 Month End $13.37
    February 2011 Month End $12.89
    January 2011 Month End $13.23
    December 2010 Month End $13.69
    November 2010 Month End $13.18
    October 2010 Month End $13.19
    September 2010 Month End $12.55
    August 2010 Month End $11.20
    July 2010 Month End $11.29
    June 2010 Month End $10.38
    May 2010 Month End $10.24

  • Market Capitalization (Cap) Breakdown (%)

     

    as of 09/30/11
    Large (≥ $10.2 billion) 52.5
    Mid (< $10.2 billion ≥ $2.2 billion) 27.3
    Small (< $2.2 billion) 20.2
    Average Weighted Market Cap $3.5B

  • Important Disclosure

    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 the risks associated with its investments in emerging market securities, which tend to be more volatile and less liquid than securities traded in developed countries. The Fund’s investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, including the takeover of property without adequate compensation or imposition of prohibitive taxation. The Fund is subject to risks associated with investments in debt securities, derivatives, commodity-linked instruments, illiquid securities, asset-backed securities, CMOs and small or mid-cap companies. The Fund is also subject to inflation risk, short-sales risk, market risk, non-diversification risk and leverage risk. Please see the prospectus for information on these and other risk considerations.

    The Morgan Stanley Capital International (MSCI) Emerging Markets Index, calculated with dividends reinvested, captures 60% of the publicly traded equities in each industry for approximately 25 emerging markets. The Morgan Stanley Capital International (MSCI) Emerging Markets Small Cap Index, calculated with dividends reinvested, targets companies that are not in the standard emerging markets index.

    All indices are unmanaged and include the reinvestment of all dividends, but do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Indices are not securities in which investments can be made. Results reflect past performance and do not guarantee future results.

    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. The  prospectus and summary prospectus  contain this and other information.  Please read the prospectus and summary prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor