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EMBUX
Emerging Markets Bond Fund - Class I

Daily Price as of 04/16/21

NAV DAILY CHANGE
$6.63 $0.02 / +0.3%

Class I Details: EMBUX

INCEPTION DATE GROSS/NET EXPENSES1
2.18%/0.96%

Country Weightings (%) as of 03/31/21

Country % of Net Assets
China
9.7
Mexico
9.0
South Africa
5.9
Indonesia
4.9
Colombia
4.9
Chile
4.3
Malaysia
4.0
Philippines
3.5
Suriname
2.8
Argentina
2.6
Angola
2.5
Ecuador
2.5
Laos
2.4
Thailand
2.4
Ghana
2.0
Czech Republic
2.0
Brazil
1.9
El Salvador
1.8
Israel
1.8
Nigeria
1.7
UAE
1.7
Saudi Arabia
1.7
Poland
1.6
Peru
1.6
Georgia
1.5
Dominican Republic
1.5
Oman
1.4
Ukraine
1.4
Qatar
1.2
Romania
1.1
United Kingdom
0.9
Netherlands
0.9
Hungary
0.9
Panama
0.8
Moldova
0.8
Cayman Islands
0.8
Egypt
0.7
South Korea
0.7
Singapore
0.6
Kazakhstan
0.6
Bahrain
0.5
Costa Rica
0.4
Uruguay
0.4
Kenya
0.3
Jordan
0.3
Guatemala
0.3
Mongolia
0.3
Cote D'Ivoire
0.2
Gabon
0.2
Senegal
0.2
Cash
1.9

Portfolio Weightings (%)
as of 03/31/21

% of Net Assets
Sovereign Bond 69.3
Corporate Bond 19.4
Quasi-Sovereign Bond 9.4
Cash 1.9

Fund Details
as of 03/31/21

  • Net Assets (All Classes)
    $27.2M
  • Number of Issues
    70
  • Dividend
    Monthly
  • Capital Gains
    Annual
  • Benchmark Index2
    50% GBI-EM/50% EMBI

Fund Statistics (Class A) 
as of 03/31/21

Effective Duration (Years) 4.38
Average Yield to Worst 9.19
Average Years to Maturity 8.25
Distribution Yield 5.91%

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

 

Gross Currency Exposure 
as of 03/31/21

U.S. Dollar 48.6
Chinese Renminbi 7.2
South African Rand 5.9
Mexican Peso 5.0
Indonesian Rupiah 4.9
Colombian Peso 4.9
Chilean Peso 4.3
Malaysian Ringgit 4.0
Philippines Peso 3.5
Czech Koruna 2.0
Polish Zloty 1.6
Israeli Shekel 1.5
Dominican Rep. Peso 1.5
Romanian Leu 1.1
Hungarian Forint 0.9
Thailand Baht 0.7
Uruguay Peso 0.4

Currency Exposure (%) 
as of 03/31/21

Local Currency 49.4
Hard Currency 48.7
Cash 1.9

Credit Quality Breakdown (%) as of 03/31/21

Composite Rating % of Net Assets
AAA 0.0
AA 9.7
A 11.5
BBB 30.4
BB 15.5
B 21.1
CCC 7.1
CC 0.0
C 0.0
NR 0.0
Other 2.8
Cash 1.9

Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Industry Benchmarks: Know Your Indices

  • 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. 

  • 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.

All indices listed are unmanaged and are not securities in which investments can be made.