Van Eck Global - Since 1955

Emerging Markets FundGBFAX

  • Daily Price   as of 04/17/2014

    NAV DAILY CHANGE
    $14.45000000  $0.11 / +0.8%
  • Class A Details: GBFAX

    INCEPTION DATE GROSS/NET EXPENSES1
    12/20/93 1.67%/1.67%
  • Country Weightings (%) as of 03/31/14

    COUNTRY % OF NET ASSETS
    China 27.6
    India 12.0
    South Korea 9.4
    Brazil 5.7
    Russia 5.1
    Taiwan 4.8
    Saudi Arabia 2.8
    Singapore 2.8
    Nigeria 2.8
    Switzerland 2.6
    Thailand 2.0
    Mexico 1.5
    Other 10.9
    Cash 10.0
    Total 100.0
  • Sector Weightings (%)
    as of 03/31/14

    % OF NET ASSETS
    Financials 20.5
    Consumer Discretionary 20.2
    Information Technology 13.2
    Industrials 12.4
    Energy 6.8
    Consumer Staples 6.0
    Health Care 5.8
    Materials 5.1
    Cash 10.0
    Total 100.0
  • Top 10 Holdings (%) 

    HOLDING SECTOR % OF
    NET ASSETS
    Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 3.2
    Glencore Xstrata plc Materials 2.4
    Glenmark Pharmaceuticals Limited Health Care 2.1
    Tencent Holdings Ltd. Information Technology 2.1
    Ezion Holdings Limited Energy 2.1
    Magnit JSC Consumer Staples 2.1
    Estacio Participacoes S.A. Consumer Discretionary 1.9
    Great Wall Motor Co. Ltd. Class H Consumer Discretionary 1.8
    Jammu & Kashmir Bank Ltd. Financials 1.7
    Adani Ports & Special Economic Zone Ltd. Industrials 1.7
    Top 10 Total 21.1
    HOLDING SECTOR % OF
    NET ASSETS
    Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 3.2
    Glencore Xstrata plc Materials 2.4
    Glenmark Pharmaceuticals Limited Health Care 2.1
    Tencent Holdings Ltd. Information Technology 2.1
    Ezion Holdings Limited Energy 2.1
    Magnit JSC Consumer Staples 2.1
    Estacio Participacoes S.A. Consumer Discretionary 1.9
    Great Wall Motor Co. Ltd. Class H Consumer Discretionary 1.8
    Jammu & Kashmir Bank Ltd. Financials 1.7
    Adani Ports & Special Economic Zone Ltd. Industrials 1.7
    Top 10 Total 21.1

    These are not recommendations to buy or sell any security. Sectors and holdings may vary.

  • Fund Details 
    as of 03/31/14

    • Net Assets (All Classes)
      $193.8M
    • Number of Holdings
      85
    • Avg. Wtd. Market Cap
      $5.2B
    • Turnover Rate (2013)
      81%
    • P/E (last 12 months)*
      13.4
    • P/B (last 12 months)*
      2.2
    • Benchmark Indices2
      MSCI EM Index
      MSCI EM Small Cap Index

    *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.

  • Market Capitalization (Cap) Breakdown (%) as of 03/31/14

    MARKET CAPITALIZATION % OF NET ASSETS
    Large (>= $10 billion) 33.9%
    Mid (<$10 billion >=2 billion) 43.3%
    Small (< $2 billion) 22.8%
    Average Weighted Market Cap $5.2B
    MARKET CAPITALIZATION % OF NET ASSETS

    Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.

  • Three-Year Risk Measures and Statistics 
    as of 03/31/14

    Volatility (Standard Deviation) 21.18
    Sharpe Ratio 0.14
    Alpha vs. MSCI EM Index 6.00
    Beta vs. MSCI EM Index 1.03
    R-squared vs. MSCI EM Index 89.56
    Source: Van Eck Global, Morningstar.
    Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.
  • A Comparison of Annual Returns: Emerging Markets Equities

    EM Quilt 2 View in detail >> 

    This graphic shows the annual returns (%) for the eight best performing country indices (1993-2012) ranked in descending order of performance. Source: MSCI, Bloomberg, Van Eck Global. Past performance does not guarantee future results. The indices’ past performance is historical and is provided to illustrate market trends. Such performance does not represent the performance of any Van Eck Fund. Indices do not charge management fees or brokerage expenses and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in an index. The performance shown for the indices does not reflect fees and charges, which are assessed with the purchase and ownership of a fund. For the calendar years from 1993 to 2012, the table shows the top eight returning country indices that, in part, comprise the MSCI Emerging Markets Index. For full description of the index, see below.

     
  • Industry Benchmarks: Know Your Indices

    • The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sectors.

    • 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 21 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 listed are unmanaged and are not securities in which investments can be made.

  • 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 distributions. 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 12/31/13: Class A: Gross 1.67% and Net 1.67%; Class C: Gross 2.61% and Net 2.50%; Class I: Gross 2.31% and Net 1.00%; and Class Y: Gross 1.51% and Net 1.51%. Expenses are capped contractually through 05/01/15 at 1.95% for Class A; 2.50% for Class C; 1.00% for Class I; and 1.70% for Class Y. Caps exclude certain expenses, such as interest.

    2The Morgan Stanley Capital International (MSCI) Emerging Markets Index, calculated with dividends reinvested, captures 60% of the publicly traded equities in each industry for approximately 21 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.

    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 the risks associated with its investments in emerging markets 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 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. 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, Distributor
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    New York, NY 10017
    800.826.2333