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ELMIX
Emerging Markets Leaders Fund - Class I

Daily Price as of 06/06/2023

NAV† DAILY CHANGE
$21.84 $0.21 / +0.97%

Class I Details: ELMIX

INCEPTION DATE GROSS/NET EXPENSES1
02/28/22 4.55%/0.88%
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Fund Summary and Key Points

The VanEck Emerging Markets Leaders Fund (the “Fund”) seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.

  • Focuses on established large- and emerging mid-cap companies positioned to capture trends in consumption and innovation
  • Targets companies with strong sustainable and structural growth-at a reasonable price (“SGARP”) profiles based on an active, bottom-up, fundamental research process
  • Benefits from the experience, philosophy and process of a seasoned emerging markets investment team

The Investment Case for Emerging Markets

Fund Details
as of 04/30/2023

  • Net Assets (All Classes)
    $5.2M
  • Number of Holdings
    43
  • Avg. Wtd. Market Cap
    $28.0B
  • Turnover Rate (2022)
    17.8%
  • P/E (LTM) / P/E (Forward)*
    13.3 / 14.7
  • P/B (LTM)*
    2.5
  • Benchmark Index
    MSCI EM (NDUEEGF) 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.

Investment Style Box

image EML 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
(02/28/22)
VanEck Emerging Markets Leaders Fund: Class I
At Net Asset Value
 -1.24 -5.88 4.70 -1.12 -- -- -- -10.86
MSCI EM Index2
 -1.13 -4.74 2.78 -6.51 4.33 -1.05 1.80 -11.87
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(02/28/22)
VanEck Emerging Markets Leaders Fund: Class I
At Net Asset Value 1.67 6.01 6.01 -6.52 -- -- -- -10.61
MSCI EM Index2 3.03 3.96 3.96 -10.70 7.83 -0.91 2.00 -11.78

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees1, investment returns would have been reduced. Expenses: Class I: Gross 4.55% and Net 0.88%. Expenses are capped contractually through 05/01/24 at 0.85% for Class I. Investment returns and Fund share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

Top 10 Holdings (%)

HOLDINGS
SECTOR
 % OF NET ASSETS
Reliance Industries Limited
Energy
 6.8
Kaspi.kz JSC Sponsored GDR RegS
Financials
 6.8
Prosus N.V. Class N
--
5.6
Taiwan Semiconductor Manufacturing Co., Ltd.
Information Technology
 5.6
Samsung Electronics Co Ltd Pfd Non-Voting
Information Technology
 4.0
LG Chem Ltd.
Materials
 4.0
MercadoLibre, Inc.
--
3.7
HDFC Bank Limited
Financials
 3.6
KE Holdings, Inc. Class A
Real Estate
 3.5
KE Holdings, Inc. Class A
Real Estate
 3.5
Top 10 Total 47.1

View All Holdings

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

Sector Weightings (%)
as of 04/30/2023

SECTOR % OF NET ASSETS
Financials 21.5
Industrials 19.4
Information Technology 13.8
Consumer Discretionary 13.0
Materials 7.6
Energy 7.5
Health Care 5.5
Real Estate 3.5
Communication Services 3.1
Utilities 2.2
Consumer Staples 1.3
Cash 1.5

Country Weightings (%) as of 04/30/2023

COUNTRY % OF NET ASSETS
■
China
34.3
■
India
14.7
■
South Korea
9.2
■
Kazakhstan
6.8
■
Brazil
6.3
■
Taiwan Region
5.6
■
Argentina
4.5
■
Philippines
3.1
■
Turkey
3.0
■
Poland
2.7
■
Greece
1.9
■
Indonesia
1.9
■
Egypt
1.5
■
South Africa
1.3
■
Hungary
1.2
■
United Arab Emirates
0.7
■
Cash
1.5
Total
ELMIX