VanEck – Unconstrained Emerging Markets Bond UCITS

Daily Price as of 13/12/18

BLOOMBERGNAVDAILY CHANGE
VAEMBR1 $71.92 $+0.12+0.2%
VAUMUI1 $80.08 $+0.13+0.2%
VAUMUI2 $79.17 $+0.13+0.2%
VAUEMMI $74.38 $+0.12+0.2%
VAEMI1H €89.14 €+0.12+0.1%
VAEMEI2 €86.63 €+0.11+0.1%

Details

DOMICILE FUND STRUCTURE
Ireland       ICAV
 

Fund Summary & Key Points

The Unconstrained Emerging Markets Bond UCITS (“Sub-Fund”) seeks total return, consisting of income and capital appreciation. The Sub-Fund’s benchmark 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 Sub-Fund can invest in debt securities that are issued by governments, quasi-government entities or corporations in emerging markets countries. These securities may be denominated in any currency, including those of emerging markets. By investing in emerging markets debt securities, the Fund offers exposure to emerging markets fundamentals, generally characterized by lower debts and deficits, higher growth rates and independent central banks. Lead Portfolio Manager, Eric Fine, has over 25 years of experience in emerging markets.

Fund Details
as of 30/11/18

  • Net Assets (All Classes)
    $117.8M
  • Number of Issues
    72
  • Liquidity
    Daily
  • Countries Registered
    AT, CH, DE, DK, FI, IE, IT, LU, NL, NO, SE, UK
  • Distribution Policy
    Income
  • Cut Off Time
    1pm IST
  • Close of Financial Year
    31 December
  • Benchmark Index2
    50% GBI-EM/50% EMBI

Distribution Yield*
as of 30/09/18

USD R1 Inc 5.45%
USD I1 Inc 6.42%
USD I2 Inc 6.55%
USD M Inc 6.21%
EUR Hedged I1 Inc 6.52%
EUR Hedged I2 Inc 6.34%

*Distribution Yield is the dividend income distributions made by the fund over the previous quarter divided by the Net Asset Value of the fund, which is then annualized.

Performance History: Average Annual Total Returns (%)

1 MO1 3 MO1 YTD1 1 YR 3 YR 5 YR 10 YR LIFE
Unconstrained Emerging Markets Bond UCITS Fund
USD R1 Inc (Inception 12/06/14) -1.47 -1.21 -7.53 -6.24 2.09 -- -- -3.09
USD I1 Inc (Inception 20/08/13) -1.39 -0.99 -6.73 -5.29 2.93 -0.19 -- 0.63
USD I2 Inc (Inception 20/08/13) -1.38 -0.97 -6.76 -5.38 3.11 -0.04 -- 0.77
USD M Inc (Inception 18/09/14) -1.42 -1.04 -6.90 -5.55 2.85 -- -- -2.23
EUR Hedged I1 Inc (Inception 06/10/15) -1.59 -1.59 -9.06 -7.96 0.94 -- -- 1.52
EUR Hedged I2 Inc (Inception 22/08/17) -1.58 -1.62 -9.08 -8.05 -- -- -- -5.88
50% GBI-EM/50% EMBI - USD2 1.19 1.14 -6.39 -5.10 4.51 1.68 -- 1.97
J.P. Morgan GBI-EM Index2 2.81 3.41 -7.42 -5.55 4.66 -1.32 -- -1.05
J.P. Morgan EMBI Index2 -0.42 -1.10 -5.53 -4.84 4.20 4.62 -- 4.88
1 MO1 3 MO1 YTD1 1 YR 3 YR 5 YR 10 YR LIFE
Unconstrained Emerging Markets Bond UCITS Fund
USD R1 Inc (Inception 12/06/14) 1.27 1.21 -5.21 -5.38 3.82 -- -- -2.65
USD I1 Inc (Inception 20/08/13) 1.32 1.44 -4.55 -4.43 4.68 0.46 -- 1.10
USD I2 Inc (Inception 20/08/13) 1.32 1.47 -4.60 -4.52 4.86 0.61 -- 1.25
USD M Inc (Inception 18/09/14) 1.31 1.41 -4.68 -4.68 4.60 -- -- -1.75
EUR Hedged I1 Inc (Inception 06/10/15) 1.13 0.73 -6.54 -6.97 -- -- -- 2.54
EUR Hedged I2 Inc (Inception 22/08/17) 1.13 0.80 -6.55 -7.02 -- -- -- -4.39
50% GBI-EM/50% EMBI - USD2 2.05 0.25 -5.55 -4.60 5.68 1.86 -- 2.21
J.P. Morgan GBI-EM Index2 2.59 -1.83 -8.15 -7.40 5.17 -1.68 -- -1.23
J.P. Morgan EMBI Index2 1.51 2.30 -3.04 -1.92 6.04 5.38 -- 5.58

Share Class Details

SHARE CLASS ISIN CUSIP Bloomberg Reuters WKN SEDOL SIX TELEKURS
USD R1 Inc IE00BYXQSJ74 G7417D 221 VAEMBR1 68211929 A2DLGV BYXQSJ7 36845145
USD I1 Inc IE00BYXQSF37 G7417D 197 VAUMUI1 68211930 A2DLGS BYXQSF3 36845151
USD I2 Inc IE00BYXQSG44 G7417D 205 VAUMUI2 68211931 A2DLGT BYXQSG4 36845156
USD M Inc IE00BYXQSH50 G7417D 213 VAUEMMI 68277572 A2DLGU BYXQSH5 36845158
EUR Hedged I1 Inc IE00BYXQSD13 G7417D 189 VAEMI1H 68211935 A2DLGR BYXQSD1 36845162
EUR Hedged I2 Inc IE00BYX22V58 G7417D 288 VAEMEI2 ID 68436883 A2DVBF BYX22V5 37654637

Management Company and Agents

Investment Manager (by delegation of the Management Company) Van Eck Associates Corporation
Management Company VanEck Investments Limited
Central Administration (by delegation of the Management Company), Custodian and Depositary State Street Ireland
Global Distributor (by delegation of the Management Company) VanEck Investments Limited
Auditor KPMG Ireland

Important Disclosure  

VanEck® only serves professional clients in countries where funds are registered or where funds can be sold in accordance with local private placement rules. VanEck generally does not serve semi-professional or retail investors. VanEck may only publically market in jurisdictions where funds are registered for sale to the public. The funds are not available for sale in the U.S. or to U.S. persons.  

This website should not be regarded as an offer for the purchase and the sale of the fund's shares. This website is for informational/advertisement purposes only and does not constitute any legal or investment advice. All data is sourced by VanEck Investments Limited as at the date stated and is subject to change.

You can lose money by investing in the Sub-Funds. The value of the investments may go up or down and the investor may not get back the amount invested. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. Any investment in a fund should be part of an overall investment program, not a complete program. An investor should consider investment objectives, risks, charges, and expenses of the investment carefully before investing.

Investment fund investing involves risk, including possible loss of principal. Investors should consult the prospectus and key investor information document (“KIID”) before subscribing to any fund. The prospectus, the key investor information documents and the financial reports can be obtained free of charge from this website and upon request from the funds’ registered office and the offices of all local information agents. The documents, except for KIIDs, are only available in English and Swiss German.

Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12 month performance to the most recent Quarter end for each of the last 5yrs where available. E.g. '1st year' shows the most recent of these 12-month periods and '2nd year' shows the previous 12 month period and so on. Performance data is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than their original cost when redeemed.

The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

Not Insured — No Bank Guarantee — May Lose Value