Fed Waiting Game: An EM Debt Perspective

mattjeacock/E+ via Getty Images

As we wait on the Fed and watch the US fiscal rise, emerging markets are showing why they deserve a deeper look from investors.

The VanEck Emerging Markets Bond Fund was down 1.5%, compared to down

Average Annual Total Returns* (%) as of April 30, 2024
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR
Class A: NAV (Inception 07/09/12) -1.43 -0.69 -1.71 4.64 -1.15 2.56 0.99
Class A: Maximum 0.0575% load -7.09 -6.40 -7.37 -1.37 -3.09 1.36 0.39
Class I: NAV (Inception 07/09/12) -1.48 -0.67 -1.51 4.87 -0.82 2.88 1.30
Class Y: NAV (Inception 07/09/12) -1.51 -0.54 -1.56 4.72 -0.91 2.81 1.24
50% GBI-EM/50% EMBI -2.10 -0.90 -2.16 5.09 -2.87 0.04 1.09

Average Annual Total Returns* (%) as of March 31, 2024
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR
Class A: NAV (Inception 07/09/12) 0.68 -0.29 -0.29 6.76 0.35 2.90 1.39
Class A: Maximum 5.75% load -5.11 -6.02 -6.02 0.62 -1.62 1.69 0.79
Class I: NAV (Inception 07/09/12) 0.76 -0.03 -0.03 7.28 0.69 3.26 1.71
Class Y: NAV (Inception 07/09/12) 0.73 -0.05 -0.05 7.14 0.57 3.19 1.64
50% GBI-EM/50% EMBI 1.03 -0.05 -0.05 8.10 -1.45 0.48 1.42

* Returns less than one year are not annualized.

Expenses: Class A: Gross 2.55%, Net 1.22%; Class I: Gross 2.51%, Net 0.87%; Class Y: Gross 2.91%, Net 0.97%. Expenses are capped contractually until 05/01/24 at 1.25% for Class A, 0.95% for Class I, 1.00% for Class Y. Caps excluding acquired fund fees and expenses, interest, trading, dividends, and interest payments of securities sold short, taxes, and extraordinary expenses.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The “Net Asset Value” (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. Investors should not expect to buy or sell shares at NAV.

[colabot3]

Leave a Comment