The investment seeks total return, consisting of income and capital appreciation. The fund normally 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).

Nasdaq

EMBUX

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 the fund's manager considers to qualify as emerging markets.

GBFAX

Under normal conditions, the fund invests at least 80% of its net assets in securities of "global resource" companies and instruments that derive their value from "global resources". Global resources include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities. A global resource company is a company that derives, directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to global resources.

GHAAX

The fund normally invests at least 80% of its net assets in securities of companies principally engaged in gold-related activities, instruments that derive their value from gold, gold coins and bullion. A company principally engaged in gold-related activities is one that derives at least 50% of its revenues from gold-related activities, including the exploration, mining or processing of or dealing in gold. It concentrates its investments in the gold-mining industry and therefore invests 25% or more of its total assets in such industry.

INIVX

Under normal conditions, the fund invests at least 80% of its net assets in securities that comprise the index. The index is comprised of securities issued by companies that Morningstar, Inc. ("Morningstar") determines to have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors ("wide moat companies").

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
EMBUX	VanEck Emerging Markets Bond Fund	Emerging Markets Bonds	Jul 8, 2012	0.95%	—	—	3.58%	—
GBFAX	VanEck Emerging Markets Fund	Emerging Markets Diversified	Dec 19, 1993	1.53%	1.64%	5.35%	0.63%	71
GHAAX	VanEck Global Resources Fund	Energy Equities	Nov 1, 1994	1.38%	16.59%	8.52%	1.34%	90
INIVX	VanEck International Investors Gold Fund	Precious Metals	Feb 9, 1956	1.42%	14.16%	19.25%	5.27%	95
MWMIX	VanEck Morningstar Wide Moat Fund	Large Cap Blend Equities	Nov 6, 2017	0.59%	-6.93%	—	13.39%	18

VanEck Mutual Funds List

Risk vs. Return Scatterplot