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Emerging Markets Fund
GBFAX (Mutual Fund)
Emerging Markets Fund
Name
As of 10/11/2024Price
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
10.4%
1 yr return
20.7%
3 Yr Avg Return
-5.9%
5 Yr Avg Return
0.1%
Net Assets
$592 M
Holdings in Top 10
43.2%
52 WEEK LOW AND HIGH
$14.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.59%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
GBFAX - Profile
Distributions
- YTD Total Return 10.4%
- 3 Yr Annualized Total Return -5.9%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.19%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmerging Markets Fund
-
Fund Family NameVANECKFUND
-
Inception DateDec 20, 1993
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Semple
Fund Description
Under normal conditions, the Fund invests at least 80% of its net assets in securities of companies that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries. The Adviser has broad discretion to identify countries that it considers to qualify as emerging markets. The Adviser selects emerging market countries 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.
Utilizing qualitative and quantitative measures, the Adviser seeks to invest in reasonably-priced companies that have strong structural growth potential. The Adviser seeks attractive investment opportunities in all areas of emerging markets, and utilizes a flexible investment approach across all market capitalizations. The Adviser seeks to (i) integrate financially-material environmental, social and governance (“ESG”) factors into the Fund’s investment process and (ii) reduce material exposure to issuers that the Adviser deems controversial in the ESG universe.
The Fund’s holdings may include issues denominated in currencies of emerging market countries, investment companies (like country funds) that invest in emerging market countries, depositary receipts, and similar types of investments, representing emerging market securities.
The Fund may invest up to 20% of its net assets in securities issued by other investment companies, 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.
GBFAX - Performance
Return Ranking - Trailing
| Period | GBFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.4% | -12.4% | 33.6% | 80.93% |
| 1 Yr | 20.7% | -4.4% | 44.3% | 78.96% |
| 3 Yr | -5.9%* | -12.3% | 12.8% | 88.92% |
| 5 Yr | 0.1%* | -3.7% | 12.8% | 97.11% |
| 10 Yr | 1.8%* | -2.3% | 7.2% | 92.91% |
* Annualized
Return Ranking - Calendar
| Period | GBFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.3% | -6.5% | 35.5% | 44.83% |
| 2022 | -28.0% | -50.1% | -2.4% | 76.22% |
| 2021 | -18.8% | -33.1% | 22.5% | 94.21% |
| 2020 | 16.3% | -22.1% | 80.1% | 49.68% |
| 2019 | 27.5% | -0.7% | 42.0% | 7.11% |
Total Return Ranking - Trailing
| Period | GBFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.4% | -12.4% | 33.6% | 80.93% |
| 1 Yr | 20.7% | -4.4% | 44.3% | 78.96% |
| 3 Yr | -5.9%* | -12.3% | 12.8% | 88.92% |
| 5 Yr | 0.1%* | -3.7% | 12.8% | 97.11% |
| 10 Yr | 1.8%* | -2.3% | 7.2% | 92.91% |
* Annualized
Total Return Ranking - Calendar
| Period | GBFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.6% | -2.7% | 42.0% | 53.49% |
| 2022 | -25.2% | -42.2% | 1.9% | 70.17% |
| 2021 | -12.1% | -32.5% | 33.1% | 96.80% |
| 2020 | 16.4% | -20.0% | 81.6% | 60.70% |
| 2019 | 29.5% | 2.3% | 42.0% | 7.60% |
NAV & Total Return History
GBFAX - Holdings
Concentration Analysis
| GBFAX | Category Low | Category High | GBFAX % Rank | |
|---|---|---|---|---|
| Net Assets | 592 M | 682 K | 103 B | 45.05% |
| Number of Holdings | 72 | 10 | 7534 | 69.32% |
| Net Assets in Top 10 | 221 M | 290 K | 23.8 B | 43.24% |
| Weighting of Top 10 | 43.24% | 2.9% | 100.2% | 15.36% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 7.94%
- Reliance Industries Ltd 5.41%
- Samsung Electronics Co Ltd 4.90%
- MercadoLibre Inc 4.40%
- Prosus NV 4.01%
- International Container Terminal Services Inc 3.83%
- Kaspi.KZ JSC 3.51%
- SK Hynix Inc 3.28%
- MLP Saglik Hizmetleri AS 3.11%
- JSL SA 2.85%
Asset Allocation
| Weighting | Return Low | Return High | GBFAX % Rank | |
|---|---|---|---|---|
| Stocks | 96.09% | 0.00% | 107.82% | 63.04% |
| Preferred Stocks | 4.90% | 0.00% | 13.31% | 3.91% |
| Other | 0.00% | -0.46% | 26.93% | 44.91% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 23.60% |
| Cash | 0.00% | -2.03% | 16.88% | 95.12% |
| Bonds | 0.00% | 0.00% | 88.10% | 31.10% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GBFAX % Rank | |
|---|---|---|---|---|
| Technology | 20.77% | 0.00% | 47.50% | 60.03% |
| Financial Services | 17.53% | 0.00% | 48.86% | 74.86% |
| Industrials | 15.75% | 0.00% | 43.53% | 4.80% |
| Communication Services | 9.67% | 0.00% | 39.29% | 41.38% |
| Consumer Cyclical | 9.62% | 0.00% | 48.94% | 81.64% |
| Healthcare | 9.12% | 0.00% | 16.53% | 12.43% |
| Energy | 6.05% | 0.00% | 24.80% | 23.45% |
| Basic Materials | 4.54% | 0.00% | 30.03% | 76.55% |
| Real Estate | 3.74% | 0.00% | 17.15% | 12.85% |
| Consumer Defense | 2.91% | 0.00% | 25.90% | 90.82% |
| Utilities | 0.29% | 0.00% | 39.12% | 65.96% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GBFAX % Rank | |
|---|---|---|---|---|
| Non US | 77.83% | 0.00% | 101.28% | 75.73% |
| US | 18.26% | 0.00% | 100.13% | 20.22% |
GBFAX - Expenses
Operational Fees
| GBFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.59% | 0.03% | 29.98% | 34.13% |
| Management Fee | 0.75% | 0.00% | 2.00% | 26.82% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 28.10% |
| Administrative Fee | N/A | 0.01% | 0.85% | 87.44% |
Sales Fees
| GBFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 3.50% | 5.75% | 4.49% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GBFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| GBFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.00% | 0.00% | 189.00% | 41.61% |
GBFAX - Distributions
Dividend Yield Analysis
| GBFAX | Category Low | Category High | GBFAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.07% | 0.00% | 9.74% | 71.13% |
Dividend Distribution Analysis
| GBFAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GBFAX | Category Low | Category High | GBFAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.19% | -1.98% | 17.62% | 82.20% |
Capital Gain Distribution Analysis
| GBFAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.157 | OrdinaryDividend |
| Dec 21, 2022 | $0.471 | OrdinaryDividend |
| Dec 22, 2021 | $1.377 | CapitalGainLongTerm |
| Dec 22, 2020 | $0.031 | OrdinaryDividend |
| Dec 23, 2019 | $0.282 | OrdinaryDividend |
| Dec 21, 2018 | $0.004 | OrdinaryDividend |
| Dec 21, 2017 | $0.018 | OrdinaryDividend |
| Dec 22, 2016 | $0.016 | OrdinaryDividend |
| Dec 22, 2015 | $0.001 | OrdinaryDividend |
| Dec 23, 2013 | $0.063 | OrdinaryDividend |
| Dec 21, 2011 | $0.131 | OrdinaryDividend |
| Dec 21, 2010 | $0.036 | OrdinaryDividend |
| Dec 22, 2008 | $0.095 | CapitalGainShortTerm |
| Dec 22, 2008 | $0.294 | CapitalGainLongTerm |
| Dec 22, 2008 | $0.005 | OrdinaryDividend |
| Dec 31, 2007 | $0.312 | CapitalGainShortTerm |
| Dec 31, 2007 | $1.200 | CapitalGainLongTerm |
| Dec 29, 2006 | $0.870 | CapitalGainShortTerm |
| Dec 29, 2006 | $1.120 | CapitalGainLongTerm |
| Dec 30, 2005 | $0.580 | CapitalGainShortTerm |
| Dec 30, 2005 | $1.070 | CapitalGainLongTerm |
| Jun 30, 2005 | $0.050 | OrdinaryDividend |
| Dec 31, 2004 | $0.390 | CapitalGainLongTerm |
| Sep 12, 2001 | $0.050 | CapitalGainLongTerm |
| Dec 28, 2000 | $1.290 | CapitalGainLongTerm |
| Jun 29, 2000 | $0.325 | CapitalGainLongTerm |
| Dec 30, 1999 | $0.790 | CapitalGainLongTerm |
| Mar 31, 1999 | $0.030 | OrdinaryDividend |
| Nov 27, 1998 | $1.610 | CapitalGainLongTerm |
| Sep 29, 1998 | $0.030 | OrdinaryDividend |
| Jun 29, 1998 | $0.020 | OrdinaryDividend |
| Mar 30, 1998 | $0.030 | OrdinaryDividend |
| Dec 30, 1997 | $0.110 | CapitalGainShortTerm |
| Dec 30, 1997 | $1.320 | CapitalGainLongTerm |
| Sep 29, 1997 | $0.040 | OrdinaryDividend |
| Jun 24, 1997 | $0.040 | OrdinaryDividend |
| Mar 27, 1997 | $0.010 | OrdinaryDividend |
| Dec 30, 1996 | $1.100 | CapitalGainLongTerm |
| Sep 27, 1996 | $0.050 | OrdinaryDividend |
| Jun 27, 1996 | $0.050 | OrdinaryDividend |
| Mar 28, 1996 | $0.010 | OrdinaryDividend |
| Dec 29, 1995 | $0.085 | OrdinaryDividend |
| Oct 31, 1995 | $0.010 | OrdinaryDividend |
| Jul 31, 1995 | $0.020 | OrdinaryDividend |
| Apr 28, 1995 | $0.020 | OrdinaryDividend |
| Dec 30, 1994 | $0.050 | OrdinaryDividend |
| Oct 24, 1994 | $0.030 | OrdinaryDividend |
| Jul 29, 1994 | $0.010 | OrdinaryDividend |
GBFAX - Fund Manager Analysis
Managers
David Semple
Start Date
Tenure
Tenure Rank
Dec 18, 2002
19.46
19.5%
Mr. Semple joined VanEck in 1998. He serves as Portfolio Manager for VanEck’s Emerging Markets Equity Strategy and oversees the Emerging Markets Equity Team. He is responsible for company research, stock selection, and portfolio construction. Mr. Semple is a veteran of emerging markets investing, with over 25 years of experience. From 1996 to 1998, Mr. Semple was a portfolio manager for Asian-focused funds and served on the team sub-advising VanEck’s VIP Emerging Markets Fund at Peregrine Asset Management (Hong Kong). From 1993 to 1996, he served as sales director and regional strategist at Peregrine Brokerage. Prior to 1993, Mr. Semple was a portfolio manager specializing in Asia equity markets at Murray Johnstone (Glasgow). Mr. Semple is a member of the CFA Institute and the Association of Investment Management and Research. He received a Bachelor of Law with Honours from the University of Edinburgh, Scotland. He has had numerous media appearances, including CNBC, Bloomberg, and NPR. Additionally, he was quoted in Financial Times, The Wall Street Journal, and Barron’s, among others.
Angus Shillington
Start Date
Tenure
Tenure Rank
Dec 31, 2009
12.42
12.4%
Mr. Shillington joined VanEck in 2009. He serves as Deputy Portfolio Manager for VanEck’s Emerging Markets Equity Strategy. With extensive experience in Asia and broad emerging markets equity, his current responsibilities include company and macroeconomic research relating to these regions, with a particular emphasis on Asia. Prior to joining VanEck, Mr. Shillington was Head of International Equity for ABN AMRO in New York with, among other things, oversight for equity sales and trading. Prior to moving to New York in 2001 to become Managing Director and head of Asian equity and derivatives distribution in the U.S. at BNP Paribas, he held senior management positions as a Director at both Paribas in Los Angeles and, internationally, at UBS Securities in Hong Kong, and in private client management at Hill Samuel/BLW in Edinburgh, Scotland. In his roles in both research and portfolio management, Mr. Shillington has developed a specialized focus on many Asian markets, a region in which he continues to be deeply involved.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.64 | 13.42 |
