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Trending ETFs

Emerging Markets Bond Fund

mutual fund
EMBUX
Payout Change
Pending
Price as of:
$5.17 +0.0 +0.0%
primary theme
Emerging Markets Bond
share class
I (EMBUX) Y (EMBYX) A (EMBAX)
EMBUX (Mutual Fund)

Emerging Markets Bond Fund

Payout Change
Pending
Price as of:
$5.17 +0.0 +0.0%
primary theme
Emerging Markets Bond
share class
I (EMBUX) Y (EMBYX) A (EMBAX)
EMBUX (Mutual Fund)

Emerging Markets Bond Fund

Payout Change
Pending
Price as of:
$5.17 +0.0 +0.0%
primary theme
Emerging Markets Bond
share class
I (EMBUX) Y (EMBYX) A (EMBAX)

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Emerging Markets Bond Fund

EMBUX | Fund

$5.17

$77.3 M

7.92%

$0.41

1.34%

Vitals

YTD Return

2.9%

1 yr return

3.3%

3 Yr Avg Return

2.0%

5 Yr Avg Return

2.6%

Net Assets

$77.3 M

Holdings in Top 10

25.8%

52 WEEK LOW AND HIGH

$5.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 218.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Emerging Markets Bond Fund

EMBUX | Fund

$5.17

$77.3 M

7.92%

$0.41

1.34%

EMBUX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.01%
DIVIDENDS
  • Dividend Yield 7.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Emerging Markets Bond Fund
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Jul 09, 2012
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Eric Fine

Fund Description

Under normal conditions, the Fund invests at least 80% of its net assets in emerging market debt securities. An instrument will qualify as an emerging market debt security if it is either (i) issued by an emerging market government, quasi-government or corporate entity (regardless of the currency in which it is denominated) or (ii) denominated in the currency of an emerging market country (regardless of the location of the issuer). The Fund may also invest in non-emerging market debt securities. The Fund may also invest in debt securities rated below investment grade (“junk bonds”). The Fund is considered to be “non-diversified” which means that it may invest a larger portion of its assets in a single issuer. The Fund may engage in active and frequent trading of portfolio securities.
The Fund invests in debt issued in emerging market and developed market currencies by governments and government-owned, controlled, or related entities (and their agencies and subdivisions), and by corporations. The Fund may invest in corporate bonds, debentures, notes, commercial paper, time deposits, and certificates of deposit, as well as debt obligations, which may have a call on a common stock or commodity by means of a conversion privilege or attached warrants.
The Fund may also invest in emerging market or developed market currencies. The Fund may use derivative instruments denominated in any currency to enhance return, hedge (or protect) the value of its assets against adverse movements in commodity prices, currency exchange rates, interest rates and movements in the securities markets, manage certain investment risks and/or as a substitute for the purchase or sale of securities, currencies or commodities. The Fund may also use derivative instruments to implement “cross-hedging” strategies, which involve the use of one currency to hedge against the decline in the value of another currency, or to hedge the value of a currency that is embedded in the value of another currency (for example, the value of the Euro that may be embedded in the Polish zloty). The Fund expects to use forward currency contracts; futures on securities, indices, currencies, commodities, swaps and other investments; options; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps. The Fund may also invest in credit-linked notes. Credit-linked notes are typically issued by a limited purpose trust or other vehicle that, in turn, invests in a derivative or basket of derivatives instruments, such as credit default swaps, interest rate swaps and/or other securities, in order to provide exposure to certain high yield, sovereign debt, emerging markets, or other fixed income markets. The notional value of a cash-settled forward currency contract or other derivative instrument on an emerging market currency (or a currency that is embedded in an emerging market currency) or security (including any security that is a reference security for a credit default swap) will be treated as an emerging market debt security for purposes of complying with the Fund’s policy of investing at least 80% of its net assets in emerging market debt securities.
The Adviser has broad discretion to identify countries that it considers to qualify as emerging markets. The Adviser selects emerging market countries and currencies that the Fund will invest in based on the Adviser’s evaluation of economic fundamentals, legal structure, political developments and other specific factors the Adviser believes to be relevant. The Fund’s investment strategy normalizes countries’ economic fundamentals and compares them to the valuations of the relevant asset prices, particularly the relevant currency’s valuation, the relevant currency’s interest rate, and the relevant hard-currency security’s credit spread. The analysis of financially material risks and opportunities related to ESG (i.e. Environmental, Social and Governance) factors is a component of the overall investment process. ESG considerations can affect the Adviser’s fundamental assessment of a company or country. The Fund may invest in instruments whose return is based on the return of an emerging market security such as a derivative instrument, rather than investing directly in emerging market securities.
The Fund’s holdings may include issues denominated in currencies of emerging countries, investment companies (like country funds) that invest in emerging countries, depositary receipts, and similar types of investments, representing emerging market securities. The Fund may purchase securities of any maturity or duration. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. By way of example, the price of a
bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by one percentage point.
The Fund may invest up to 20% of its net assets in securities issued by other investment companies (each an “Underlying Fund”), including exchange-traded funds (“ETFs”). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain exposure to, certain market sectors, or when direct investments in certain countries are not permitted or available. The Fund may also invest in restricted securities, including Rule 144A securities.
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EMBUX - Performance

Return Ranking - Trailing

Period EMBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -9.6% 449.0% 61.43%
1 Yr 3.3% -9.1% 449.0% 61.43%
3 Yr 2.0%* -8.5% 57.9% 9.32%
5 Yr 2.6%* -8.1% 28.5% 6.30%
10 Yr 2.1%* -4.9% 14.5% 45.11%

* Annualized

Return Ranking - Calendar

Period EMBUX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -10.6% 17.8% 72.01%
2022 -14.5% -29.1% -2.4% 19.43%
2021 -9.2% -24.0% 2.7% 68.10%
2020 3.7% -14.0% 9.7% 8.15%
2019 4.5% -6.4% 13.0% 86.09%

Total Return Ranking - Trailing

Period EMBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -9.6% 449.0% 61.43%
1 Yr 3.3% -9.1% 449.0% 61.43%
3 Yr 2.0%* -8.5% 57.9% 9.32%
5 Yr 2.6%* -8.1% 28.5% 6.30%
10 Yr 2.1%* -4.9% 14.5% 45.11%

* Annualized

Total Return Ranking - Calendar

Period EMBUX Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -0.6% 20.0% 66.21%
2022 -7.2% -27.6% -1.7% 6.36%
2021 -4.3% -18.5% 7.4% 61.65%
2020 11.6% -7.8% 18.0% 2.96%
2019 12.5% -3.0% 23.0% 64.66%

NAV & Total Return History

EMBUX - Holdings

Concentration Analysis

EMBUX Category Low Category High EMBUX % Rank
Net Assets 77.3 M 565 K 14.9 B 67.92%
Number of Holdings 113 4 1860 87.71%
Net Assets in Top 10 21.2 M -134 M 1.25 B 59.04%
Weighting of Top 10 25.78% 5.8% 102.5% 27.59%

Top 10 Holdings

  1. Brazil Notas do Tesouro Nacional Serie F 4.09%
  2. Thailand Government Bond 3.35%
  3. Republic of South Africa Government Bond 3.18%
  4. Republic of South Africa Government Bond 3.11%
  5. Malaysia Government Bond 2.17%
  6. Thailand Government Bond 2.17%
  7. Republic of Poland Government Bond 1.99%
  8. State Street Navigator Securities Lending Government Money Market Portfolio 1.98%
  9. Mexican Bonos 1.87%
  10. Mexican Bonos 1.87%

Asset Allocation

Weighting Return Low Return High EMBUX % Rank
Bonds 		97.07% 0.00% 100.50% 21.16%
Cash 		1.98% 0.00% 29.76% 77.13%
Stocks 		1.10% -0.01% 96.78% 7.51%
Preferred Stocks 		0.00% 0.00% 2.24% 25.60%
Other 		0.00% -10.15% 91.74% 57.68%
Convertible Bonds 		0.00% 0.00% 8.47% 67.93%

Stock Sector Breakdown

Weighting Return Low Return High EMBUX % Rank
Utilities 		0.00% 0.00% 11.41% 57.00%
Technology 		0.00% 0.00% 30.64% 56.00%
Real Estate 		0.00% 0.00% 2.39% 55.00%
Industrials 		0.00% 0.00% 100.00% 59.00%
Healthcare 		0.00% 0.00% 12.25% 56.00%
Financial Services 		0.00% 0.00% 100.00% 58.00%
Energy 		0.00% 0.00% 100.00% 18.00%
Communication Services 		0.00% 0.00% 8.92% 60.00%
Consumer Defense 		0.00% 0.00% 24.66% 54.00%
Consumer Cyclical 		0.00% 0.00% 100.00% 56.00%
Basic Materials 		0.00% 0.00% 100.00% 75.00%

Stock Geographic Breakdown

Weighting Return Low Return High EMBUX % Rank
US 		1.10% 0.00% 95.74% 5.46%
Non US 		0.00% -0.01% 88.26% 30.03%

Bond Sector Breakdown

Weighting Return Low Return High EMBUX % Rank
Government 		72.01% 0.00% 99.79% 36.90%
Corporate 		24.26% 0.00% 91.26% 31.38%
Cash & Equivalents 		1.98% 0.00% 23.23% 57.34%
Securitized 		0.97% 0.00% 2.41% 3.79%
Derivative 		0.00% -1.67% 7.50% 50.51%
Municipal 		0.00% 0.00% 0.00% 20.69%

Bond Geographic Breakdown

Weighting Return Low Return High EMBUX % Rank
Non US 		60.93% 0.00% 132.49% 23.21%
US 		36.13% -42.31% 99.43% 74.74%

EMBUX - Expenses

Operational Fees

EMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.02% 32.92% 42.81%
Management Fee 0.80% 0.00% 1.10% 81.23%
12b-1 Fee 0.00% 0.00% 1.00% 3.70%
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

EMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% 93.75%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 218.00% 0.00% 218.00% 99.22%

EMBUX - Distributions

Dividend Yield Analysis

EMBUX Category Low Category High EMBUX % Rank
Dividend Yield 7.92% 0.00% 22.22% 84.98%

Dividend Distribution Analysis

EMBUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

EMBUX Category Low Category High EMBUX % Rank
Net Income Ratio 5.01% -2.28% 8.00% 12.59%

Capital Gain Distribution Analysis

EMBUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

EMBUX - Fund Manager Analysis

Managers

Eric Fine

Start Date

Tenure

Tenure Rank

Jul 09, 2012

9.9

9.9%

Mr. Fine joined VanEck in 2009. He serves as the Portfolio Manager for VanEck’s Unconstrained Emerging Markets Bond Strategy and oversees the Emerging Markets Fixed Income team. He is responsible for portfolio strategy, credit and market analysis, and security selection. Mr. Fine has been conducting business in emerging markets for over 25 years. Prior to joining VanEck, Mr. Fine founded and managed Morgan Stanley’s Emerging Markets Proprietary Trading group from 2004 to 2008. Mr. Fine worked at Morgan Stanley for 14 years, including 6 years running the firm’s Europe/Middle East/Africa (EMEA) research group, and 4 years running the Global Emerging Markets Economics and Strategy research group, winning numerous research awards (including from Institutional Investor and Euromoney) and outperforming indices with his model portfolios. While at Morgan Stanley, he advised numerous governments on economic policies and debt profiles and rescheduled sovereign debts in countries such as Turkey and the Dominican Republic. Prior to Morgan Stanley, Mr. Fine started and led a telecommunications company in Russia for the Harvard Institute for International Development that built the country’s first securities clearing system. Mr. Fine received an MPA in International Trade and Finance from Harvard University’s Kennedy School of Government, and earned a BA in Public Policy from Duke University. He has made numerous media appearances, has been frequently quoted in popular media, and is a contributing author for Institutional Investor and Barron’s.

David Austerweil

Start Date

Tenure

Tenure Rank

May 01, 2014

8.09

8.1%

Mr. Austerweil joined VanEck in 2012. He serves as the Deputy Portfolio Manager for VanEck’s Unconstrained Emerging Markets Bond Strategy and is responsible for portfolio management, trade execution, and quantitative investment frameworks; originate both sovereign and corporate investment ideas and research. Prior to joining VanEck, he served as Vice President at ING Financial Services on the Emerging Markets Credit Trading & Structuring desk. Mr. Austerweil previously was a member of the Portfolio Management team at The Rohatyn Group, covering global emerging markets credit, including sovereign bonds, corporate bonds and CDS. He specialized in building quantitative frameworks for the investment process. Previously, Mr. Austerweil served as a Director in the Quantitative Financial Research group at Fitch Ratings, building among the first industry models to statistically quantify the credit risk of U.S. commercial real estate loans. Mr. Austerweil’s earlier career experience includes an analyst position in the Municipal Finance Department at Goldman Sachs. Mr. Austerweil received an MS in Financial Engineering from Columbia University and a BA in Computer Science from Columbia University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 23.87 6.5 6.11

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