Emerging Markets FundEMRIX

  • Daily Price   as of 09/23/16

    NAV DAILY CHANGE
    $14.32 $-0.13 / -0.9%
  • Class I Details: EMRIX

    INCEPTION DATE GROSS/NET EXPENSES1
    12/31/07 1.14%/1.00%
  • Fund Summary and Key Points

    The VanEck Emerging Markets 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 08/31/16

    • Net Assets (All Classes)
      $1121.8M
    • Number of Holdings
      86
    • Avg. Wtd. Market Cap
      $7.6B
    • Turnover Rate (2015)
      37.6%
    • P/E (LTM) / P/E (Forward)*
      18.4 / 17.4
    • P/B (LTM)*
      3.2
    • 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.

  • EM Equity Investment Team

    Van Eck Emerging Markets Investment Team Photo

    David Semple, Portfolio Manager, with Angus Shillington, David Feygenson, and Patricia Gonzalez

  • Investment Style Box

    EMF-Morningstar-Style-Box

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

  • Performance History: Average Annual Total Returns* (%)

    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    (12/31/07)
    VanEck Emerging Markets Fund: Class I
    At Net Asset Value2.868.777.765.502.832.64---0.75
    MSCI EM Index22.5212.1514.8412.251.48-0.07----
    MSCI EM IMI22.4311.7113.8412.131.700.08----
    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    (12/31/07)
    VanEck Emerging Markets Fund: Class I
    At Net Asset Value2.022.651.08-15.37-0.73-0.55---1.51
    MSCI EM Index24.100.806.60-11.71-1.21-3.44----
    MSCI EM IMI23.880.755.86-11.83-1.01-3.26----
  • Top 10 Holdings (%) 

    Holdings Sector % of Net Assets
    Tencent Holdings Ltd. Information Technology 3.4
    Yes Bank Limited Financials 3.4
    Naspers Limited Class N Consumer Discretionary 3.0
    Taiwan Semiconductor Manufacturing Co. Ltd. Information Technology 2.8
    JD.com Inc. Sponsored ADR Class A -- 2.8
    Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 2.5
    Credicorp Ltd. Financials 2.3
    CP All Public Co. Ltd.(Alien Mkt) Consumer Staples 2.2
    BB Seguridade Participacoes SA Financials 1.9
    Robinsons Retail Holdings Inc. Consumer Staples 1.9
    Top 10 Total 26.2
    Holdings Sector % of Net Assets
    Naspers Limited Class N Consumer Discretionary 3.2
    Yes Bank Limited Financials 3.1
    Tencent Holdings Ltd. Information Technology 3.0
    Credicorp Ltd. Financials 2.6
    Taiwan Semiconductor Manufacturing Co. Ltd. Information Technology 2.6
    JD.com Inc. Sponsored ADR Class A Consumer Discretionary 2.4
    Robinsons Retail Holdings Inc. Consumer Staples 2.2
    Axis Bank Limited Financials 2.0
    BB Seguridade Participacoes SA Financials 1.9
    Sinopharm Group Co. Ltd. Class H Health Care 1.9
    Top 10 Total 24.9

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

  • Sector Weightings (%)
    as of 08/31/16

    Sector % of Net Assets
    Financials 23.1
    Consumer Discretionary 22.6
    Information Technology 17.3
    Health Care 11.5
    Consumer Staples 9.4
    Industrials 4.6
    Utilities 2.3
    Real Estate 2.3
    Telecommunication Services 1.9
    Materials 0.6
    Cash 4.4
  • Country Weightings (%) as of 08/31/16

    Country % of Net Assets
    China
    28.2
    India
    14.6
    Taiwan
    7.2
    South Korea
    6.3
    Brazil
    5.4
    South Africa
    4.9
    Mexico
    4.1
    Russia
    3.1
    Turkey
    2.7
    Thailand
    2.4
    Peru
    2.4
    Philippines
    1.9
    Other EM
    12.4
    Cash
    4.4
  • 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.