Skip directly to Accessibility Notice

EMRYX
Emerging Markets Fund - Class Y

Latest Market Updates*

  • The VanEck Emerging Equity Strategy outperformed the MSCI EM IMI Index YTD and over 3YR, 5YR and 10YR time periods ending September 30, 2020. The Strategy slightly underperformed the benchmark during 3Q and 1YR time periods.
  • The global pandemic has accelerated growth in certain sectors and industries such as digital payments, e-commerce, data centers, telemedicine and video gaming.
  • This acceleration trend is positive for our active Emerging Markets Equity Strategy, as we have always been forward looking, focused on many of these structural growth areas and, as a result, we currently see that positive prospects for many of our portfolio companies actually accelerated.
  • As COVID-19 unfolded, significant market turbulence disproportionately affected small- and mid-cap stocks in emerging markets, as is often the case in times of heightened risk. As markets normalize, we believe it is reasonable to expect relative outperformance from these smaller stocks.

Latest Market Updates*

  • The VanEck Emerging Equity Strategy outperformed the MSCI EM IMI Index YTD and over 3YR, 5YR and 10YR time periods ending September 30, 2020. The Strategy slightly underperformed the benchmark during 3Q and 1YR time periods.
  • The global pandemic has accelerated growth in certain sectors and industries such as digital payments, e-commerce, data centers, telemedicine and video gaming.
  • This acceleration trend is positive for our active Emerging Markets Equity Strategy, as we have always been forward looking, focused on many of these structural growth areas and, as a result, we currently see that positive prospects for many of our portfolio companies actually accelerated.
  • As COVID-19 unfolded, significant market turbulence disproportionately affected small- and mid-cap stocks in emerging markets, as is often the case in times of heightened risk. As markets normalize, we believe it is reasonable to expect relative outperformance from these smaller stocks.

Daily Price as of 11/27/20

NAV DAILY CHANGE
$20.67 $0.27 / +1.3%

Class Y Details: EMRYX

INCEPTION DATE GROSS/NET EXPENSES1
1.18%/1.10%

Fund Summary and Key Points

The VanEck Emerging Markets Fund (the "Fund") seeks long-term capital appreciation by investing in equity securities in emerging markets around the world.

  • A global emerging markets equity portfolio focused on companies with growth potential at a reasonable price (“GARP”)
  • A bottom-up investment process driven by fundamental research into the sustainability of a company’s growth drivers
  • Growth is oriented toward strong secular stories, many of which reflect domestic demand themes and are often found in smaller-capitalization stocks

Fund Details
as of 10/31/20

  • Net Assets (All Classes)
    $2387.1M
  • Number of Holdings
    88
  • Avg. Wtd. Market Cap
    $23.4B
  • Turnover Rate (2019)
    23.0%
  • P/E (LTM) / P/E (Forward)*
    22.6 / 23.8
  • P/B (LTM)*
    3.8
  • Benchmark Index
    MSCI EM IMI
*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.

EM Equity Investment Team

Photo of the Emerging Markets Equity Investment Team

David Semple, Portfolio Manager, with Angus Shillington, Patricia Gonzalez and Ola El-Shawarby, CFA

Photo L to R (Not Pictured - Dominic Jacobson)

Patricia Gonzalez , David A. Semple , Angus Shillington , Ola El-Shawarby , Dominic Jacobson

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Alibaba Group Holding Ltd. Consumer Discretionary 8.5
Tencent Holdings Ltd. Communication Services 7.2
HDFC Bank Limited Financials 4.4
Ping An Insurance (Group) Company of China, Ltd. Class H Financials 3.3
Prosus N.V. Class N Consumer Discretionary 2.9
Samsung SDI Co., Ltd Information Technology 2.7
Meituan Class B Consumer Discretionary 2.5
Wuxi Biologics (Cayman) Inc. Health Care 2.3
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology 1.9
POYA International Co., Ltd. Consumer Discretionary 1.9
Top 10 Total 37.6
Holdings Sector % of Net Assets
Alibaba Group Holding Ltd. Consumer Discretionary 8.7
Tencent Holdings Ltd. Communication Services 6.7
HDFC Bank Limited Financials 4.1
Ping An Insurance (Group) Company of China, Ltd. Class H Financials 3.5
Prosus N.V. Class N Consumer Discretionary 2.9
Samsung SDI Co., Ltd Information Technology 2.7
A-Living Services Co. Ltd. Class H Industrials 2.2
Meituan Dianping Class B Consumer Discretionary 2.2
Wuxi Biologics (Cayman) Inc. Health Care 2.1
GDS Holdings Ltd. Sponsored ADR Class A Information Technology 2.0
Top 10 Total 37.1
These are not recommendations to buy or sell any security. Holdings may vary.

Country Weightings (%) as of 10/31/20

Country % of Net Assets
China
43.4
India
9.6
Taiwan
6.9
South Korea
5.8
Brazil
5.4
Philippines
3.4
Russia
2.6
South Africa
2.6
Egypt
2.2
Mexico
2.1
Turkey
2.0
Indonesia
1.9
Other EM
8.6
Cash
3.6

Investment Style Box

image Investment style box diagram illustrating the investment strategy of the Emerging Markets Fund

This investment style box is based on the Fund's overall targeted capitalization range and relative valuation as determined by VanEck.

Sector Weightings (%)
as of 10/31/20

Sector % of Net Assets
Consumer Discretionary 32.7
Financials 19.2
Communication Services 15.3
Information Technology 11.1
Industrials 6.3
Health Care 5.7
Real Estate 2.3
Energy 1.8
Consumer Staples 1.5
Materials 0.5
Cash 3.6

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(04/30/10)
VanEck Emerging Markets Fund: Class Y
At Net Asset Value 2.88 5.29 3.45 9.93 2.74 8.25 4.20 5.54
MSCI EM IMI2 1.80 2.57 0.49 7.64 1.47 7.36 2.21 3.08
MSCI EM Index2 2.06 2.64 0.87 8.25 1.94 7.92 2.42 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(04/30/10)
VanEck Emerging Markets Fund: Class Y
At Net Asset Value -1.61 8.31 0.55 9.79 2.95 8.91 4.41 5.30
MSCI EM IMI2 -1.61 9.79 -1.29 10.14 2.03 8.43 2.34 2.93
MSCI EM Index2 -1.60 9.56 -1.16 10.54 2.42 8.97 2.50 --