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Emerging Markets Bond Fund
EMBUX (Mutual Fund)
Emerging Markets Bond Fund
Name
As of 11/29/2024Price
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
Vitals
YTD Return
4.8%
1 yr return
8.4%
3 Yr Avg Return
2.5%
5 Yr Avg Return
3.7%
Net Assets
$78 M
Holdings in Top 10
25.8%
52 WEEK LOW AND HIGH
$5.3
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 11/29/2024Price
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
EMBUX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.01%
- Dividend Yield 9.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameEmerging Markets Bond Fund
-
Fund Family NameVANECKFUND
-
Inception DateJul 09, 2012
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric 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.
EMBUX - Performance
Return Ranking - Trailing
| Period | EMBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -5.8% | 461.6% | 60.41% |
| 1 Yr | 8.4% | -4.4% | 478.4% | 58.70% |
| 3 Yr | 2.5%* | -7.2% | 59.6% | 10.25% |
| 5 Yr | 3.7%* | -7.1% | 29.2% | 5.56% |
| 10 Yr | 1.9%* | -5.5% | 14.4% | 47.83% |
* 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 | 4.8% | -5.8% | 461.6% | 60.41% |
| 1 Yr | 8.4% | -4.4% | 478.4% | 58.70% |
| 3 Yr | 2.5%* | -7.2% | 59.6% | 10.25% |
| 5 Yr | 3.7%* | -7.1% | 29.2% | 5.56% |
| 10 Yr | 1.9%* | -5.5% | 14.4% | 47.83% |
* 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 | 78 M | 565 K | 14.8 B | 67.24% |
| Number of Holdings | 113 | 4 | 1860 | 87.37% |
| Net Assets in Top 10 | 21.2 M | -134 M | 1.25 B | 59.39% |
| Weighting of Top 10 | 25.78% | 5.8% | 102.5% | 28.97% |
Top 10 Holdings
- Brazil Notas do Tesouro Nacional Serie F 4.09%
- Thailand Government Bond 3.35%
- Republic of South Africa Government Bond 3.18%
- Republic of South Africa Government Bond 3.11%
- Malaysia Government Bond 2.17%
- Thailand Government Bond 2.17%
- Republic of Poland Government Bond 1.99%
- State Street Navigator Securities Lending Government Money Market Portfolio 1.98%
- Mexican Bonos 1.87%
- Mexican Bonos 1.87%
Asset Allocation
| Weighting | Return Low | Return High | EMBUX % Rank | |
|---|---|---|---|---|
| Bonds | 97.07% | 0.00% | 100.50% | 19.80% |
| Cash | 1.98% | 0.00% | 29.76% | 79.86% |
| Stocks | 1.10% | -0.01% | 96.78% | 7.85% |
| Preferred Stocks | 0.00% | 0.00% | 2.24% | 9.56% |
| Other | 0.00% | -10.15% | 86.73% | 51.88% |
| Convertible Bonds | 0.00% | 0.00% | 8.47% | 61.72% |
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% | 4.78% |
| Non US | 0.00% | -0.01% | 88.26% | 13.65% |
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% | -3.00% | 13.76% | 44.71% |
| Municipal | 0.00% | 0.00% | 0.00% | 4.14% |
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% | 99.16% | 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% | 78.16% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 0.74% |
| 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 | 9.26% | 0.00% | 22.22% | 84.98% |
Dividend Distribution Analysis
| EMBUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| EMBUX | Category Low | Category High | EMBUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.01% | -2.28% | 8.00% | 12.24% |
Capital Gain Distribution Analysis
| EMBUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 22, 2024 | $0.041 | OrdinaryDividend |
| Oct 24, 2024 | $0.042 | OrdinaryDividend |
| Sep 25, 2024 | $0.037 | OrdinaryDividend |
| Aug 27, 2024 | $0.035 | OrdinaryDividend |
| Jul 25, 2024 | $0.038 | OrdinaryDividend |
| Apr 24, 2024 | $0.031 | OrdinaryDividend |
| Mar 21, 2024 | $0.031 | OrdinaryDividend |
| Feb 22, 2024 | $0.033 | OrdinaryDividend |
| Jan 25, 2024 | $0.034 | OrdinaryDividend |
| Dec 20, 2023 | $0.041 | OrdinaryDividend |
| Nov 21, 2023 | $0.040 | OrdinaryDividend |
| Oct 25, 2023 | $0.036 | OrdinaryDividend |
| Sep 21, 2023 | $0.032 | OrdinaryDividend |
| Aug 24, 2023 | $0.035 | OrdinaryDividend |
| Jul 20, 2023 | $0.028 | OrdinaryDividend |
| Jun 22, 2023 | $0.031 | OrdinaryDividend |
| May 24, 2023 | $0.020 | OrdinaryDividend |
| Apr 20, 2023 | $0.032 | OrdinaryDividend |
| Mar 23, 2023 | $0.031 | OrdinaryDividend |
| Feb 22, 2023 | $0.027 | OrdinaryDividend |
| Jan 25, 2023 | $0.022 | OrdinaryDividend |
| Dec 21, 2022 | $0.015 | ReturnOfCapital |
| Dec 21, 2022 | $0.015 | OrdinaryDividend |
| Nov 17, 2022 | $0.017 | ReturnOfCapital |
| Nov 17, 2022 | $0.016 | OrdinaryDividend |
| Oct 20, 2022 | $0.018 | ReturnOfCapital |
| Oct 20, 2022 | $0.018 | OrdinaryDividend |
| Sep 22, 2022 | $0.020 | ReturnOfCapital |
| Sep 22, 2022 | $0.020 | OrdinaryDividend |
| Aug 25, 2022 | $0.020 | ReturnOfCapital |
| Aug 25, 2022 | $0.019 | OrdinaryDividend |
| Jul 21, 2022 | $0.018 | ReturnOfCapital |
| Jul 21, 2022 | $0.018 | OrdinaryDividend |
| Jun 23, 2022 | $0.020 | ReturnOfCapital |
| Jun 23, 2022 | $0.019 | OrdinaryDividend |
| May 19, 2022 | $0.024 | ReturnOfCapital |
| May 19, 2022 | $0.023 | OrdinaryDividend |
| Apr 21, 2022 | $0.019 | ReturnOfCapital |
| Apr 21, 2022 | $0.018 | OrdinaryDividend |
| Mar 24, 2022 | $0.020 | ReturnOfCapital |
| Mar 24, 2022 | $0.020 | OrdinaryDividend |
| Feb 17, 2022 | $0.013 | ReturnOfCapital |
| Feb 17, 2022 | $0.012 | OrdinaryDividend |
| Jan 20, 2022 | $0.015 | ReturnOfCapital |
| Jan 20, 2022 | $0.014 | OrdinaryDividend |
| Dec 22, 2021 | $0.008 | ReturnOfCapital |
| Dec 22, 2021 | $0.023 | OrdinaryDividend |
| Nov 18, 2021 | $0.010 | ReturnOfCapital |
| Nov 18, 2021 | $0.029 | OrdinaryDividend |
| Oct 21, 2021 | $0.007 | ReturnOfCapital |
| Oct 21, 2021 | $0.021 | OrdinaryDividend |
| Sep 23, 2021 | $0.007 | ReturnOfCapital |
| Sep 23, 2021 | $0.019 | OrdinaryDividend |
| Aug 26, 2021 | $0.008 | ReturnOfCapital |
| Aug 26, 2021 | $0.023 | OrdinaryDividend |
| Jul 22, 2021 | $0.007 | ReturnOfCapital |
| Jul 22, 2021 | $0.019 | OrdinaryDividend |
| Jun 24, 2021 | $0.001 | ReturnOfCapital |
| Jun 24, 2021 | $0.003 | OrdinaryDividend |
| May 20, 2021 | $0.007 | ReturnOfCapital |
| May 20, 2021 | $0.021 | OrdinaryDividend |
| Apr 22, 2021 | $0.008 | ReturnOfCapital |
| Apr 22, 2021 | $0.023 | OrdinaryDividend |
| Mar 25, 2021 | $0.008 | ReturnOfCapital |
| Mar 25, 2021 | $0.025 | OrdinaryDividend |
| Feb 18, 2021 | $0.007 | ReturnOfCapital |
| Feb 18, 2021 | $0.022 | OrdinaryDividend |
| Jan 21, 2021 | $0.008 | ReturnOfCapital |
| Jan 21, 2021 | $0.024 | OrdinaryDividend |
| Dec 22, 2020 | $0.005 | ReturnOfCapital |
| Dec 22, 2020 | $0.012 | OrdinaryDividend |
| Nov 20, 2020 | $0.008 | ReturnOfCapital |
| Nov 20, 2020 | $0.022 | OrdinaryDividend |
| Oct 23, 2020 | $0.008 | ReturnOfCapital |
| Oct 23, 2020 | $0.021 | OrdinaryDividend |
| Sep 23, 2020 | $0.008 | ReturnOfCapital |
| Sep 23, 2020 | $0.021 | OrdinaryDividend |
| Aug 21, 2020 | $0.008 | ReturnOfCapital |
| Aug 21, 2020 | $0.022 | OrdinaryDividend |
| Jul 23, 2020 | $0.009 | ReturnOfCapital |
| Jul 23, 2020 | $0.024 | OrdinaryDividend |
| Jun 23, 2020 | $0.009 | ReturnOfCapital |
| Jun 23, 2020 | $0.024 | OrdinaryDividend |
| May 21, 2020 | $0.008 | ReturnOfCapital |
| May 21, 2020 | $0.021 | OrdinaryDividend |
| Apr 23, 2020 | $0.010 | ReturnOfCapital |
| Apr 23, 2020 | $0.027 | OrdinaryDividend |
| Mar 23, 2020 | $0.015 | ReturnOfCapital |
| Mar 23, 2020 | $0.040 | OrdinaryDividend |
| Feb 21, 2020 | $0.017 | ReturnOfCapital |
| Feb 21, 2020 | $0.045 | OrdinaryDividend |
| Jan 23, 2020 | $0.017 | ReturnOfCapital |
| Jan 23, 2020 | $0.046 | OrdinaryDividend |
| Dec 23, 2019 | $0.059 | OrdinaryDividend |
| Nov 21, 2019 | $0.051 | OrdinaryDividend |
| Oct 23, 2019 | $0.049 | OrdinaryDividend |
| Sep 23, 2019 | $0.042 | OrdinaryDividend |
| Aug 23, 2019 | $0.042 | OrdinaryDividend |
| Jul 23, 2019 | $0.011 | OrdinaryDividend |
| Jun 21, 2019 | $0.047 | OrdinaryDividend |
| May 23, 2019 | $0.047 | OrdinaryDividend |
| Apr 23, 2019 | $0.031 | OrdinaryDividend |
| Mar 22, 2019 | $0.035 | OrdinaryDividend |
| Feb 21, 2019 | $0.023 | OrdinaryDividend |
| Jan 23, 2019 | $0.042 | OrdinaryDividend |
| Dec 21, 2018 | $0.044 | OrdinaryDividend |
| Nov 21, 2018 | $0.031 | OrdinaryDividend |
| Oct 23, 2018 | $0.033 | OrdinaryDividend |
| Sep 21, 2018 | $0.037 | OrdinaryDividend |
| Aug 23, 2018 | $0.040 | OrdinaryDividend |
| Jul 23, 2018 | $0.044 | OrdinaryDividend |
| Jun 22, 2018 | $0.028 | OrdinaryDividend |
| May 23, 2018 | $0.048 | OrdinaryDividend |
| Apr 23, 2018 | $0.034 | OrdinaryDividend |
| Mar 22, 2018 | $0.045 | OrdinaryDividend |
| Feb 21, 2018 | $0.046 | OrdinaryDividend |
| Jan 23, 2018 | $0.023 | OrdinaryDividend |
| Dec 21, 2017 | $0.061 | OrdinaryDividend |
| Nov 21, 2017 | $0.044 | OrdinaryDividend |
| Oct 24, 2017 | $0.078 | OrdinaryDividend |
| Sep 22, 2017 | $0.051 | OrdinaryDividend |
| Aug 23, 2017 | $0.047 | OrdinaryDividend |
| Jul 21, 2017 | $0.032 | OrdinaryDividend |
| Jun 23, 2017 | $0.037 | OrdinaryDividend |
| May 23, 2017 | $0.053 | OrdinaryDividend |
| Apr 21, 2017 | $0.048 | OrdinaryDividend |
| Mar 23, 2017 | $0.041 | OrdinaryDividend |
| Feb 22, 2017 | $0.034 | OrdinaryDividend |
| Jan 23, 2017 | $0.020 | OrdinaryDividend |
| Dec 22, 2016 | $0.022 | OrdinaryDividend |
| Nov 22, 2016 | $0.012 | OrdinaryDividend |
| Oct 21, 2016 | $0.017 | OrdinaryDividend |
| Sep 22, 2016 | $0.023 | OrdinaryDividend |
| Aug 23, 2016 | $0.027 | OrdinaryDividend |
| Jul 22, 2016 | $0.016 | OrdinaryDividend |
| Jun 23, 2016 | $0.046 | OrdinaryDividend |
| May 23, 2016 | $0.035 | OrdinaryDividend |
| Apr 22, 2016 | $0.028 | OrdinaryDividend |
| Mar 22, 2016 | $0.018 | OrdinaryDividend |
| Feb 23, 2016 | $0.015 | OrdinaryDividend |
| Jan 22, 2016 | $0.012 | OrdinaryDividend |
| Dec 22, 2015 | $0.044 | OrdinaryDividend |
| Nov 23, 2015 | $0.039 | OrdinaryDividend |
| Oct 22, 2015 | $0.037 | OrdinaryDividend |
| Sep 22, 2015 | $0.041 | OrdinaryDividend |
| Aug 21, 2015 | $0.060 | OrdinaryDividend |
| Jul 22, 2015 | $0.066 | OrdinaryDividend |
| Jun 23, 2015 | $0.061 | OrdinaryDividend |
| May 22, 2015 | $0.033 | OrdinaryDividend |
| Apr 22, 2015 | $0.018 | OrdinaryDividend |
| Mar 23, 2015 | $0.018 | OrdinaryDividend |
| Feb 23, 2015 | $0.022 | OrdinaryDividend |
| Jan 23, 2015 | $0.020 | OrdinaryDividend |
| Dec 23, 2014 | $0.046 | OrdinaryDividend |
| Nov 20, 2014 | $0.035 | OrdinaryDividend |
| Oct 24, 2014 | $0.044 | OrdinaryDividend |
| Sep 23, 2014 | $0.048 | OrdinaryDividend |
| Aug 22, 2014 | $0.042 | OrdinaryDividend |
| Jul 24, 2014 | $0.046 | OrdinaryDividend |
| Jun 23, 2014 | $0.044 | OrdinaryDividend |
| May 22, 2014 | $0.046 | OrdinaryDividend |
| Apr 23, 2014 | $0.050 | OrdinaryDividend |
| Mar 24, 2014 | $0.049 | OrdinaryDividend |
| Feb 20, 2014 | $0.043 | OrdinaryDividend |
| Jan 24, 2014 | $0.051 | OrdinaryDividend |
| Dec 23, 2013 | $0.056 | OrdinaryDividend |
| Nov 21, 2013 | $0.055 | OrdinaryDividend |
| Oct 22, 2013 | $0.055 | OrdinaryDividend |
| Sep 23, 2013 | $0.054 | OrdinaryDividend |
| Aug 21, 2013 | $0.041 | OrdinaryDividend |
| Jul 23, 2013 | $0.040 | OrdinaryDividend |
| Jun 21, 2013 | $0.040 | OrdinaryDividend |
| May 21, 2013 | $0.043 | OrdinaryDividend |
| Apr 23, 2013 | $0.036 | OrdinaryDividend |
| Mar 21, 2013 | $0.051 | OrdinaryDividend |
| Feb 21, 2013 | $0.050 | OrdinaryDividend |
| Jan 23, 2013 | $0.035 | OrdinaryDividend |
| Dec 21, 2012 | $0.076 | CapitalGainShortTerm |
| Dec 21, 2012 | $0.059 | OrdinaryDividend |
| Nov 21, 2012 | $0.061 | OrdinaryDividend |
| Oct 23, 2012 | $0.042 | OrdinaryDividend |
| Sep 21, 2012 | $0.030 | OrdinaryDividend |
| Aug 21, 2012 | $0.044 | OrdinaryDividend |
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 |
