Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The Emerging Markets Fund seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.
Strategy. 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 Advisers 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 … 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 Advisers 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 Funds investment process and (ii) reduce material exposure to issuers that the Adviser deems controversial in the ESG universe. The Funds 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.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $41.58M | 13.20% |
| SAMSUNG ELE-PREF | — | $18.08M | 5.74% |
| SK HYNIX INC | — | $16.45M | 5.22% |
| CHROMA ATE | — | $14.88M | 4.72% |
| TENCENT HOLDINGS LTD | — | $13.18M | 4.18% |
| ALIBABA GROUP HOLDING LTD SPON ADR | — | $8.41M | 2.67% |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | — | $7.72M | 2.45% |
| INTL CONTAINER TERM SVCS INC COMMON STOCK | ICT | $6.12M | 1.94% |
| BYD COMPANY LTD H | — | $4.99M | 1.58% |
| HYUNDAI ELECTRIC | — | $4.93M | 1.56% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VanEck VIP Emerging Markets Fund | 98% | 1.29% |
| Harbor Emerging Markets Select ETF · EMES | 38% | 0.65% |
| abrdn Emerging Markets ex-China Fund, Inc. | 37% | — |
Advisers
| Firm | Role |
|---|---|
| Van Eck Associates Corporation | Adviser |
Footnotes
- Expense ratio as of April 26, 2024, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2024 (the latest prospectus does not yet chart this year).
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