Daily Price as of 03/22/23
NAV† | DAILY CHANGE |
---|---|
$12.11 |
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Class A Details: GBFAX
INCEPTION DATE | GROSS/NET EXPENSES1 |
---|---|
12/20/93 | 1.45%/1.45% |
Fund Literature
Fund Summary and Key Points
The VanEck Emerging Markets Fund (the "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
Making the Investment Case for Emerging Markets
Fund Details
as of 02/28/23
-
Net Assets (All Classes)$933.2M
-
Number of Holdings85
-
Avg. Wtd. Market Cap$11.5B
-
Turnover Rate (2022)11.1%
-
P/E (LTM) / P/E (Forward)12.5 / 13.6
-
P/B (LTM)2.3
-
Benchmark IndexMSCI 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.
Investment 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 YR | 3 YR | 5 YR | 10 YR |
LIFE (12/20/93) |
---|---|---|---|---|---|---|---|---|
VanEck Emerging Markets Fund: Class A | ||||||||
At Net Asset Value
|
-7.01 | -0.20 | 1.71 | -11.52 | -6.23 | -5.52 | 0.51 | -- |
At Maximum 5.75% Sales Charge
|
-12.36 | -5.94 | -4.13 | -16.61 | -8.06 | -6.63 | -0.09 | -- |
MSCI EM IMI2
|
-6.02 | -0.21 | 1.16 | -14.56 | 2.01 | -1.48 | 1.71 | -- |
MSCI EM Index2
|
-6.48 | -0.52 | 0.90 | -15.28 | 0.97 | -1.87 | 1.52 | -- |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE (12/20/93) |
|
---|---|---|---|---|---|---|---|---|
VanEck Emerging Markets Fund: Class A | ||||||||
At Net Asset Value | -1.88 | 15.27 | -25.23 | -25.23 | -8.55 | -5.35 | 0.87 | -- |
At Maximum 5.75% Sales Charge | -7.52 | 8.65 | -29.53 | -29.53 | -10.34 | -6.46 | 0.27 | -- |
MSCI EM IMI2 | -1.36 | 9.50 | -19.83 | -19.83 | -1.82 | -1.10 | 1.64 | -- |
MSCI EM Index2 | -1.41 | 9.70 | -20.09 | -20.09 | -2.69 | -1.40 | 1.44 | -- |
Top 10 Holdings (%)
HOLDINGS |
SECTOR
|
% OF NET ASSETS |
---|---|---|
Taiwan Semiconductor Manufacturing Co., Ltd. |
Information Technology
|
5.6 |
Reliance Industries Limited |
Energy
|
4.8 |
Prosus N.V. Class N |
Consumer Discretionary
|
4.6 |
HDFC Bank Limited |
Financials
|
4.6 |
MercadoLibre, Inc. |
Consumer Discretionary
|
3.9 |
Bank of Georgia Group Plc |
Financials
|
3.5 |
China Education Group Holdings Limited |
Consumer Discretionary
|
3.3 |
Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA |
Industrials
|
3.1 |
Kaspi.kz JSC Sponsored GDR RegS |
Financials
|
2.9 |
International Container Terminal Services, Inc. |
Industrials
|
2.9 |
Top 10 Total | 39.2 |
Sector Weightings (%)
as of 02/28/23
SECTOR | % OF NET ASSETS |
---|---|
Financials | 22.3 |
Consumer Discretionary | 21.7 |
Industrials | 14.8 |
Information Technology | 14.1 |
Health Care | 8.1 |
Energy | 5.5 |
Materials | 4.3 |
Real Estate | 3.9 |
Communication Services | 2.8 |
Consumer Staples | 1.8 |
Utilities | 0.4 |
Cash | 0.3 |
Country Weightings (%) as of 02/28/23
COUNTRY | % OF NET ASSETS |
---|---|
■
China
|
27.4 |
■
India
|
13.4 |
■
Taiwan Region
|
10.1 |
■
Brazil
|
9.2 |
■
South Korea
|
5.9 |
■
Turkey
|
4.9 |
■
Georgia
|
4.3 |
■
Philippines
|
4.3 |
■
Argentina
|
3.9 |
■
Mexico
|
3.0 |
■
Kazakhstan
|
2.9 |
■
Indonesia
|
1.7 |
■
Egypt
|
1.6 |
■
Germany
|
1.3 |
■
Tanzania
|
1.3 |
■
Poland
|
1.1 |
■
Russia
|
1.0 |
■
Hungary
|
0.9 |
■
South Africa
|
0.5 |
■
Kuwait
|
0.5 |
■
United Arab Emirates
|
0.3 |
■
Greece
|
0.2 |
■
Cash
|
0.3 |