Unconstrained Emerging Markets Bond FundEMBCX

  • Daily Price   as of 05/21/2015

    $7.89  $0.01 / +0.1%
  • Class C Details: EMBCX

    07/09/12 2.60%/1.95%
  • Performance History: Average Annual Total Returns (%) 

    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    Van Eck Unconstrained Emerging Markets Bond Fund: Class C
    At Net Asset Value1.12-1.50-0.15-4.91------1.98
    With 1.00% Redemption Fee0.12-2.48-1.14-5.81------1.98
    GBI-EM Index22.92-1.49-1.16-9.35--------
    EMBI Index21.632.723.686.06--------
    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    Van Eck Unconstrained Emerging Markets Bond Fund: Class C
    At Net Asset Value-1.65-1.25-1.25-3.66------1.63
    With 1.00% Redemption Fee-2.63-2.23-2.23-4.58------1.63
    GBI-EM Index2-2.98-3.96-3.96-11.14--------
    EMBI Index20.

    *Returns less than one year are not annualized.

    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 fees1, investment returns would have been reduced. Expenses: Class C: Gross 2.60% and Net 1.95%. Expenses are capped contractually through 05/01/16 at 1.95% for Class C. 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. 

  • Growth of Hypothetical $10,000 Investment as of 04/30/2015

    The graph above illustrates a hypothetical $10,000 investment in Class A shares of the Van Eck Unconstrained Emerging Markets Bond Fund invested at NAV versus its benchmark and other Indices. Returns reflect capital appreciation and the reinvestment of dividends and capital gains, if any, as well as all fees and expenses, but do not reflect any sales load. 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.

  • Distribution History (Class C)

    04/21/15 $0.018 None None 04/22/15
    03/20/15 $0.018 None None 03/23/15
    02/20/15 $0.022 None None 02/23/15
    01/22/15 $0.020 None None 01/23/15
    12/22/14 $0.046 None None 12/23/14
    11/19/14 $0.035 None None 11/20/14
    10/23/14 $0.044 None None 10/24/14
    09/22/14 $0.048 None None 09/23/14
    08/21/14 $0.042 None None 08/22/14
    07/23/14 $0.046 None None 07/24/14
    06/20/14 $0.044 None None 06/23/14
    05/21/14 $0.046 None None 05/22/14
    04/22/14 $0.050 None None 04/23/14
    03/21/14 $0.049 None None 03/24/14
    02/19/14 $0.043 None None 02/20/14
    01/23/14 $0.051 None None 01/24/14
    12/20/13 $0.056 None None 12/23/13
    11/20/13 $0.055 None None 11/21/13
    10/21/13 $0.055 None None 10/22/13
    09/20/13 $0.054 None None 09/23/13
    08/20/13 $0.041 None None 08/21/13
    07/22/13 $0.040 None None 07/23/13
    06/20/13 $0.040 None None 06/21/13
    05/20/13 $0.043 None None 05/21/13
    04/22/13 $0.036 None None 04/23/13
    03/20/13 $0.051 None None 03/21/13
    02/20/13 $0.050 None None 02/21/13
    01/22/13 $0.035 None None 01/23/13
    12/20/12 $0.059 $0.076 None 12/21/12
    11/20/12 $0.061 None None 11/21/12
    10/22/12 $0.042 None None 10/23/12
    09/20/12 $0.030 None None 09/21/12
    08/20/12 $0.044 None None 08/21/12

    All registered investment companies, including Van Eck Associates, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading Van Eck Funds will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant Van Eck Fund on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

  • Fund Statistics (Class A) 
    as of 04/30/15

    Effective Duration (yrs) 6.29
    Average Yield to Worst 5.48
    Average Years to Maturity 10.71
    Distribution Yield 2.65%

    Source: Van Eck Global, FactSet.
    See Important Disclosure for more information.

  • NAV History Class A as of 04/30/15

    12-Month High (07/11/14) 9.17
    12-Month Low (03/17/15) 7.90

    April 2015 8.10
    March 2015 8.02
    February 2015 8.17
    January 2015 8.28
    December 2014 8.18
    November 2014 8.62
    October 2014 8.65
    September 2014 8.73
    August 2014 9.01
    July 2014 9.04
    June 2014 9.08
    May 2014 9.07
  • 30-Day SEC Yield* Class C 
    as of 04/30/15

    30-Day SEC Yield 1.98%

    * 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 EMBCX would have been 1.29% as of 04/30/15.

  • 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 distribution. 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.

    1Van 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 1.25% for Class A, 1.95% for Class C, 0.95% for Class I, and 1.00% for Class Y of the Fund’s average daily net assets per year until May 1, 2016. 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 J.P. Morgan Government Bond Index-Emerging Markets Global Diversified (GBI-EM) tracks local currency bonds issued by Emerging Markets governments. The index spans over 15 countries. The J.P. Morgan Emerging Markets Bond Index Global Diversified (EMBI) tracks returns for actively traded external debt instruments in emerging markets, and is also J.P. Morgan’s most liquid U.S-dollar emerging markets debt benchmark.

    3Average Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Effective duration takes into account that expected cash flows will fluctuate as interest rates change. Effective maturity is the length of time until a fixed income investment returns its original investment. Distribution Yield is the amount of cash flow paid out and is calculated by dividing the annual income (interest or dividends) by the current price of the security. Averages are market weighted. These statistics do not take into account fees and expenses associated with investments or the Fund.

    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 risks associated with its investments in emerging markets securities. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. As the Fund may invest in securities denominated in foreign currencies and some of the income received by the Fund will be in foreign currencies, changes in currency exchange rates may negatively impact the Fund’s return. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. The Fund may also be subject to credit risk, interest rate risk, sovereign debt risk, tax risk, non-diversification risk and risks associated with non-investment grade securities. 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. Bond and bond funds will decrease in value as interest rates rise. The prospectus and summary prospectus contain this and other information.  Please read them carefully before investing. 

    Van Eck Securities Corporation, Distributor
    335 Madison Avenue, 19th Floor
    New York, NY 10017