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Daily Price as of 03/18/19

NAV DAILY CHANGE
$16.30 $0.14 / +0.9%

Class A Details: GBFAX

INCEPTION DATE GROSS/NET EXPENSES1
12/20/93 1.47%/1.47%

EM Equity

VanEck's emerging markets investment team seeks secular growth trends, such as domestic consumption, that contribute materially to the economic health of the emerging markets. The strategy often results in portfolios of small- and mid-cap stocks. David Semple, a veteran of emerging markets investing, is the primary portfolio manager, and he is supported by Angus Shillington, Patricia Gonzalez, Ola El-Shawarby, CFA, and Dominic Jacobson.

  • David A. Semple, Portfolio Manager

    • 28 Years of Industry Experience
    • Joined VanEck in 1998
    • Bachelor of Law with Honors, University of Edinburgh, Scotland, 1985
    View full bio
  • Angus Shillington, Deputy Portfolio Manager

    • 25 Years of Industry Experience
    • Joined VanEck in 2009
    • Former Head of International Equity for ABN AMRO
    View full bio
  • Patricia Gonzalez, Senior Analyst

    • 10 Years of Industry Experience
    • Joined VanEck in 2014
    • MBA, Loyola University, 2000
    • BA, Economics, Universidad Catolica Andres Bello, Venezuela, 1995
    View full bio
  • Ola El-Shawarby, CFA, Senior Analyst

    • 11 Years of Industry Experience
    • Joined VanEck in 2017
    • MBA, Harvard Business School
    • BA, summa cum laude, Business Administration (concentration in Finance), The American University in Cairo; BS, Political Science (minor in Economics), Cairo University
    View full bio
  • Dominic Jacobson, Analyst

    • 3 years of Industry Experience
    • Joined VanEck in 2018
    • MA, Chemistry, Imperial College London; BS, Chemistry (with Honours), University of Edinburgh
    View full bio

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.

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 1.60% 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, 2019. 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.

2 The MSCI Emerging Markets Investment Market Index (MSCI EM IMI) is a free float-adjusted market capitalization index that is designed to capture large-, mid- and small-cap representation across 24 emerging markets countries. Emerging Markets countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. 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 24 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, 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 Chinese issuers, direct investments, emerging market securities which tends to be more volatile and less liquid than securities traded in developed countries, foreign currency transactions, foreign securities, other investment companies, Stock Connect, management, market, operational, sectors and small- and medium-capitalization companies risks. 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, or political, economic or social instability.

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.