Emerging Markets FundEMRCX

  • Daily Price   as of 06/24/16

    NAV DAILY CHANGE
    $10.90 $-0.47 / -4.1%
  • Class C Details: EMRCX

    INCEPTION DATE GROSS/NET EXPENSES1
    10/03/03 2.26%/2.26%
  • Country Weightings (%) as of 05/31/16

    Country % of Net Assets
    China
    29.2
    India
    15.4
    Taiwan
    7.4
    Brazil
    5.4
    South Africa
    5.3
    South Korea
    3.5
    Russia
    3.2
    Mexico
    2.4
    Peru
    2.4
    Turkey
    2.4
    Philippines
    2.1
    Thailand
    1.9
    Other EM
    12.5
    Cash
    6.9
  • Sector Weightings (%)
    as of 05/31/16

    Sector % of Net Assets
    Financials 25.2
    Consumer Discretionary 20.0
    Information Technology 16.8
    Health Care 12.2
    Consumer Staples 8.0
    Industrials 6.3
    Utilities 2.8
    Telecommunication Services 1.8
    Cash 6.9
  • Top 10 Holdings (%) 

    Holdings Sector % of Net Assets
    Naspers Limited Class N Consumer Discretionary 3.3
    Tencent Holdings Ltd. Information Technology 3.1
    Yes Bank Limited Financials 3.0
    JD.com Inc. Sponsored ADR Class A Consumer Discretionary 2.9
    Taiwan Semiconductor Manufacturing Co. Ltd. Information Technology 2.5
    Credicorp Ltd. Financials 2.4
    Axis Bank Limited Financials 2.1
    Robinsons Retail Holdings Inc. Consumer Staples 2.1
    Xinyi Solar Holdings Ltd. Information Technology 2.1
    Sinopharm Group Co. Ltd. Class H Health Care 1.9
    Top 10 Total 25.4
    Holdings Sector % of Net Assets
    Naspers Limited Class N Consumer Discretionary 3.4
    BB Seguridade Participacoes SA Financials 3.2
    JD.com Inc. Sponsored ADR Class A Consumer Discretionary 3.1
    Tencent Holdings Ltd. Information Technology 2.7
    Taiwan Semiconductor Manufacturing Co. Ltd. Information Technology 2.5
    Ping An Insurance (Group) Company of China Ltd. Class H Financials 2.5
    Catcher Technology Co. Ltd. Information Technology 2.4
    Credicorp Ltd. Financials 2.4
    Yes Bank Limited Financials 2.4
    Robinsons Retail Holdings Inc. Consumer Staples 2.2
    Top 10 Total 26.8

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

  • Fund Details 
    as of 05/31/16

    • Net Assets (All Classes)
      $910.8M
    • Number of Holdings
      82
    • Avg. Wtd. Market Cap
      $6.9B
    • Turnover Rate (2015)
      37.6%
    • P/E (LTM) / P/E (Forward)*
      16.7 / 15.0
    • P/B (LTM)*
      3.0
    • Benchmark Index
      MSCI EM 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 Breakdown (%) as of 05/31/16

    Market Capitalization % of Net Assets
    Large (>= $10 billion) 37.6%
    Mid (< $10 billion >= $2 billion) 40.9%
    Small (< $2 billion) 21.5%
    Average Weighted Market Cap $6.9B
    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 05/31/16

    Volatility (Standard Deviation) 16.16
    Sharpe Ratio -0.28
    Alpha vs. MSCI EM Index -0.18
    Beta vs. MSCI EM Index 0.90
    R-squared vs. MSCI EM Index 87.27
    Source: VanEck and FactSet.
    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.
  • 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 is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

    • The MSCI Emerging Markets Investable Market Index (IMI) is a free float adjusted market capitalization index that is designed to capture large-, mid- and small-cap representation across 23 emerging markets countries. Emerging Markets countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

    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 05/01/16: Class A: Gross 1.46% and Net 1.46%; Class C: Gross 2.26 and Net 2.26%; Class I: Gross 1.14% and Net 1.00%; and Class Y: Gross 1.23% and Net 1.10%. Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.60% for Class A, 2.50% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund’s average daily net assets per year until May 1, 2017. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.

    2The Morgan Stanley Capital International (MSCI) Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. The MSCI Emerging Markets Investable Market Index (IMI) is a free float adjusted market capitalization index that is designed to capture large-, mid- and small-cap representation across 23 emerging markets countries. Emerging Markets countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

    The views and opinions expressed are those of VanEck. 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.