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EMRYX
Emerging Markets Fund - Class Y

Market Updates*

  • Acceleration of digitalization across emerging markets throughout 2020 and into 2021 is creating opportunity for investing in forward-looking, sustainable and structural growth companies in this space.
  • Many aspects of economic activity in emerging markets are returning to a semblance of normality, despite varying COVID-19 experiences.
  • Vaccination availability is improving though will generally be behind the pace of developed markets, but we believe conventional monetary policy and lower fiscal support, compared to developed markets, bodes well for economic growth over the next several years.

Learn More | Structural Growth to Regain Luster, After Style Rotation Calms

Market Updates*

  • Acceleration of digitalization across emerging markets throughout 2020 and into 2021 is creating opportunity for investing in forward-looking, sustainable and structural growth companies in this space.
  • Many aspects of economic activity in emerging markets are returning to a semblance of normality, despite varying COVID-19 experiences.
  • Vaccination availability is improving though will generally be behind the pace of developed markets, but we believe conventional monetary policy and lower fiscal support, compared to developed markets, bodes well for economic growth over the next several years.

Learn More | Structural Growth to Regain Luster, After Style Rotation Calms

Click here to read the EME White paper - The Electric Vehicle
Revolution and ESG Charge Ahead
Click here to read the EME Whitepaper - The Electric Vehicle
Revolution and ESG Charge Ahead

Daily Price as of 06/24/21

NAV DAILY CHANGE
$22.17 $0.15 / +0.7%

Class Y Details: EMRYX

INCEPTION DATE GROSS/NET EXPENSES1
1.14%/1.10%

Country Weightings (%) as of 05/31/21

Country % of Net Assets
China
37.8
India
10.4
Taiwan
10.2
South Korea
8.9
Brazil
5.2
Russia
4.2
South Africa
3.0
Mexico
2.5
Philippines
2.4
Germany
2.2
Turkey
2.0
Egypt
1.8
Other EM
8.5
Cash
0.9

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Tencent Holdings Ltd. Communication Services 5.4
HDFC Bank Limited Financials 4.9
Alibaba Group Holding Ltd. Consumer Discretionary 4.5
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology 3.8
Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 3.1
China Education Group Holdings Limited Consumer Discretionary 2.8
Prosus N.V. Class N Consumer Discretionary 2.7
Reliance Industries Limited Energy 2.4
Delivery Hero SE Consumer Discretionary 2.2
A-Living Smart City Services Co., Ltd. Class H Industrials 2.2
Top 10 Total 34.0
Holdings Sector % of Net Assets
Tencent Holdings Ltd. Communication Services 6.4
Alibaba Group Holding Ltd. Consumer Discretionary 6.1
HDFC Bank Limited Financials 4.8
Taiwan Semiconductor Manufacturing Co., Ltd. Information Technology 3.7
Prosus N.V. Class N Consumer Discretionary 3.0
Samsung Electronics Co Ltd Pfd Non-Voting Information Technology 2.9
Samsung SDI Co., Ltd Information Technology 2.5
Meituan Class B Consumer Discretionary 2.0
Delivery Hero SE Consumer Discretionary 1.9
Naspers Limited Class N Consumer Discretionary 1.9
Top 10 Total 35.2

View All Holdings

These are not recommendations to buy or sell any security. Holdings may vary.

Sector Weightings (%)
as of 05/31/21

Sector % of Net Assets
Consumer Discretionary 26.3
Financials 19.5
Information Technology 17.0
Communication Services 13.0
Industrials 8.9
Health Care 6.3
Consumer Staples 2.6
Energy 2.4
Materials 1.7
Real Estate 1.4
Cash 0.9

Fund Details
as of 05/31/21

  • Net Assets (All Classes)
    $3005.5M
  • Number of Holdings
    85
  • Avg. Wtd. Market Cap
    $27.4B
  • Turnover Rate (2020)
    29.7%
  • P/E (LTM) / P/E (Forward)*
    24.2 / 18.5
  • 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.

Market Capitalization Breakdown (%) as of 05/31/21

Market Capitalization % of Net Assets
Large (>= $10 billion) 63.0%
Mid (< $10 billion >= $2 billion) 22.6%
Small (< $2 billion) 14.4%
Average Weighted Market Cap $27.4B

Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.

Three-Year Risk Measures and Statistics 
as of 05/31/21

Volatility (Standard Deviation) 21.49
Sharpe Ratio 0.28
Alpha vs. MSCI EME IMI -2.00
Beta vs. MSCI EME IMI 1.04
R-squared vs. MSCI EME IMI 88.26
Source: VanEck and FactSet.
Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Five-Year Risk Measures and Statistics 
as of 05/31/21

Volatility (Standard Deviation) 18.16
Sharpe Ratio 0.62
Alpha vs. MSCI EME IMI -1.10
Beta vs. MSCI EME IMI 1.03
R-squared vs. MSCI EME IMI 87.13
Source: VanEck and FactSet.
Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Industry Benchmarks: Know Your Indices

  • The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sectors.

  • 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 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.

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