Unconstrained Emerging Markets Bond FundEMBCX

  • Daily Price   as of 05/02/16

    NAV DAILY CHANGE
    $6.72 $0.00 / +0.0%
  • Class C Details: EMBCX

    INCEPTION DATE GROSS/NET EXPENSES1
    07/09/12 2.68%/1.95%
  • Performance History: Average Annual Total Returns* (%)

    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    (07/09/12)
    Van Eck Unconstrained Emerging Markets Bond Fund: Class C
    At Net Asset Value3.214.134.13-9.59-5.95-----1.51
    At Maximum 1% Sales Charge2.213.133.13-10.44-5.95-----1.51
    50% GBI-EM/50% EMBI26.168.038.031.33-1.70------
    GBI-EM Index29.0611.0211.02-1.65-6.72------
    EMBI Index23.275.045.044.193.44------
    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    (07/09/12)
    Van Eck Unconstrained Emerging Markets Bond Fund: Class C
    At Net Asset Value3.214.134.13-9.59-5.95-----1.51
    At Maximum 1% Sales Charge2.213.133.13-10.44-5.95-----1.51
    50% GBI-EM/50% EMBI26.168.038.031.33-1.70------
    GBI-EM Index29.0611.0211.02-1.65-6.72------
    EMBI Index23.275.045.044.193.44------
  • Distribution History (Class C)

    RECORD DATE DECLARATION DATE
    EX-DATE
    REINVEST DATE
    PAYABLE DATE
    DIVIDEND
    INCOME*
    SHORT-TERM
    CAPITAL GAINS
    LONG-TERM
    CAPITAL GAINS
    RETURN
    OF
    CAPITAL
    TOTAL
    DISTRIBUTIONS
    04/21/16 04/22/16 $0.0280 -- -- -- $0.0280
    03/21/16 03/22/16 $0.0180 -- -- -- $0.0180
    02/22/16 02/23/16 $0.0150 -- -- -- $0.0150
    01/21/16 01/22/16 $0.0120 -- -- -- $0.0120
    12/21/15 12/22/15 -- -- -- $0.0440 $0.0440
    11/20/15 11/23/15 -- -- -- $0.0390 $0.0390
    10/21/15 10/22/15 -- -- -- $0.0370 $0.0370
    09/21/15 09/22/15 -- -- -- $0.0410 $0.0410
    08/20/15 08/21/15 -- -- -- $0.0600 $0.0600
    07/21/15 07/22/15 -- -- -- $0.0660 $0.0660
    06/22/15 06/23/15 -- -- -- $0.0610 $0.0610
    05/21/15 05/22/15 -- -- -- $0.0330 $0.0330
    04/21/15 04/22/15 -- -- -- $0.0180 $0.0180
    03/20/15 03/23/15 -- -- -- $0.0180 $0.0180
    02/20/15 02/23/15 -- -- -- $0.0220 $0.0220
    01/22/15 01/23/15 -- -- -- $0.0200 $0.0200
    12/22/14 12/23/14 $0.0330 -- -- $0.0130 $0.0460
    11/19/14 11/20/14 $0.0250 -- -- $0.0100 $0.0350
    10/23/14 10/24/14 $0.0310 -- -- $0.0130 $0.0440
    09/22/14 09/23/14 $0.0340 -- -- $0.0140 $0.0480
    08/21/14 08/22/14 $0.0300 -- -- $0.0120 $0.0420
    07/23/14 07/24/14 $0.0330 -- -- $0.0130 $0.0460
    06/20/14 06/23/14 $0.0310 -- -- $0.0130 $0.0440
    05/21/14 05/22/14 $0.0330 -- -- $0.0130 $0.0460
    04/22/14 04/23/14 $0.0360 -- -- $0.0140 $0.0500
    03/21/14 03/24/14 $0.0350 -- -- $0.0140 $0.0490
    02/19/14 02/20/14 $0.0310 -- -- $0.0120 $0.0430
    01/23/14 01/24/14 $0.0360 -- -- $0.0150 $0.0510
    12/20/13 12/23/13 $0.0140 -- -- $0.0420 $0.0560
    11/20/13 11/21/13 $0.0138 -- -- $0.0413 $0.0550
    10/21/13 10/22/13 $0.0138 -- -- $0.0413 $0.0550
    09/20/13 09/23/13 $0.0140 -- -- $0.0400 $0.0540
    08/20/13 08/21/13 $0.0100 -- -- $0.0310 $0.0410
    07/22/13 07/23/13 $0.0100 -- -- $0.0300 $0.0400
    06/20/13 06/21/13 $0.0100 -- -- $0.0300 $0.0400
    05/20/13 05/21/13 $0.0110 -- -- $0.0320 $0.0430
    04/22/13 04/23/13 $0.0090 -- -- $0.0270 $0.0360
    03/20/13 03/21/13 $0.0130 -- -- $0.0380 $0.0510
    02/20/13 02/21/13 $0.0130 -- -- $0.0370 $0.0500
    01/22/13 01/23/13 $0.0090 -- -- $0.0260 $0.0350
    12/20/12 12/21/12 $0.0590 $0.0760 -- -- $0.1350
    11/20/12 11/21/12 $0.0610 -- -- -- $0.0610
    10/22/12 10/23/12 $0.0420 -- -- -- $0.0420
    09/20/12 09/21/12 $0.0300 -- -- -- $0.0300
    08/20/12 08/21/12 $0.0440 -- -- -- $0.0440

    All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck 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 VanEck Funds on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

    Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

    The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

    Click here to access more detailed yearend tax information.

  • Fund Statistics (Class A) 
    as of 3/31/16

    Effective Duration (Years) 6.33
    Average Yield to Worst 7.20
    Average Years to Maturity 13.74
    Distribution Yield 3.12%

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

     
  • NAV History Class A as of 03/31/16

    TIME PERIOD
    12-Month High (04/14/15) 8.14
    12-Month Low (01/20/16) 6.54

    MONTH END
    March 2016 6.87
    February 2016 6.67
    January 2016 6.59
    December 2015 6.64
    November 2015 6.82
    October 2015 6.85
    September 2015 6.69
    August 2015 6.99
    July 2015 7.34
    June 2015 7.66
    May 2015 7.90
    April 2015 8.10
  • 30-Day SEC Yield* Class C 
    as of 03/31/16

    30-Day SEC Yield 3.67%

    * 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 EMBCX would have been 2.75% as of 03/31/16.

  • 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.

    1Expenses are calculated for the 12-month period ending 05/01/16: Class A: Gross 1.44% and Net 1.25%; Class C: Gross 2.68% and Net 1.95%; Class I: Gross 0.94% and Net 0.94%; and Class Y: Gross 1.07% and Net 1.00%. 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 1.25% 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, 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 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. The 50/50 benchmark (“the Index”) is a blended index consisting of 50% J.P Morgan Emerging Markets Bond Index (EMBI) Global Diversified and 50% J.P. Morgan Government Bond Index-Emerging Markets Global Diversified (GBI-EM). The 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. J.P Morgan Emerging Markets Bond Index (EMBI) Global Diversified 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. Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The index may not be copied, used or distributed without J.P. Morgan’s written approval. Copyright 2014, J.P. Morgan Chase & Co. All rights reserved.

    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.