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EMRZX
Emerging Markets Fund - Class Z

Class Z Details: EMRZX

INCEPTION DATE GROSS/NET EXPENSES1
09/16/19 1.08%/0.90%
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India's Opportunities: Impossible to Ignore
India's Opportunities: Impossible to Ignore

Sector Weightings (%)
as of 02/28/23

SECTOR % OF NET ASSETS
Financials 22.3
Consumer Discretionary 21.7
Industrials 14.8
Information Technology 14.1
Health Care 8.1
Energy 5.5
Materials 4.3
Real Estate 3.9
Communication Services 2.8
Consumer Staples 1.8
Utilities 0.4
Cash 0.3

Country Weightings (%) as of 02/28/23

COUNTRY % OF NET ASSETS
■
China
27.4
■
India
13.4
■
Taiwan Region
10.1
■
Brazil
9.2
■
South Korea
5.9
■
Turkey
4.9
■
Georgia
4.3
■
Philippines
4.3
■
Argentina
3.9
■
Mexico
3.0
■
Kazakhstan
2.9
■
Indonesia
1.7
■
Egypt
1.6
■
Germany
1.3
■
Tanzania
1.3
■
Poland
1.1
■
Russia
1.0
■
Hungary
0.9
■
South Africa
0.5
■
Kuwait
0.5
■
United Arab Emirates
0.3
■
Greece
0.2
■
Cash
0.3

Top 10 Holdings (%)

HOLDINGS
SECTOR
 % OF NET ASSETS
Taiwan Semiconductor Manufacturing Co., Ltd.
Information Technology
5.6
Reliance Industries Limited
Energy
4.8
Prosus N.V. Class N
Consumer Discretionary
4.6
HDFC Bank Limited
Financials
4.6
MercadoLibre, Inc.
Consumer Discretionary
3.9
Bank of Georgia Group Plc
Financials
3.5
China Education Group Holdings Limited
Consumer Discretionary
3.3
Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA
Industrials
3.1
Kaspi.kz JSC Sponsored GDR RegS
Financials
2.9
International Container Terminal Services, Inc.
Industrials
2.9
Top 10 Total 39.2

View All Holdings

These are not recommendations to buy or sell any security. Holdings may vary.

Fund Details
as of 02/28/23

  • Net Assets (All Classes)
    $933.2M
  • Number of Holdings
    85
  • Avg. Wtd. Market Cap
    $11.5B
  • Turnover Rate (2022)
    11.1%
  • P/E (LTM) /  P/E (Forward)
    12.5 / 13.6
  • P/B (LTM)
    2.3
  • Benchmark Index
    MSCI EM IMI
*Price-to-Earnings (P/E) ratio is the price of a stock divided by its earnings per share. Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

Market Capitalization Breakdown (%) as of 02/28/23

MARKET CAPITALIZATION % OF NET ASSETS
Large (>= $10 billion) 46.5%
Mid (< $10 billion >= $2 billion) 30.3%
Small (< $2 billion) 23.2%
Average Weighted Market Cap $11.5B

Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.

Three-Year Risk Measures and Statistics
as of 02/28/23

Volatility (Standard Deviation) 24.34
Sharpe Ratio -0.35
Alpha vs. MSCI EM IMI -8.84
Beta vs. MSCI EM IMI 1.09
R-squared vs. MSCI EM IMI 87.88
Source: VanEck and FactSet. Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Five-Year Risk Measures and Statistics
as of 02/28/23

Volatility (Standard Deviation) 21.43
Sharpe Ratio -0.36
Alpha vs. MSCI EM IMI -4.31
Beta vs. MSCI EM IMI 1.06
R-squared vs. MSCI EM IMI 86.21
Source: VanEck and FactSet. Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Industry Benchmarks: Know Your Indices

  • The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sectors.

  • The Morgan Stanley Capital International (MSCI) Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan Region, Thailand, Turkey and United Arab Emirates.

  • The MSCI Emerging Markets Investable Market Index (IMI) is a free float adjusted market capitalization index that is designed to capture large-, mid- and small-cap representation across 23 emerging markets countries. Emerging Markets countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan Region, Thailand, Turkey and United Arab Emirates.

All indices listed are unmanaged and are not securities in which investments can be made.