Fund Evaluator:

VanEck Emerging Markets Y Overview

VanEck Emerging Markets Y (EMRYX) is an actively managed International Equity Diversified Emerging Mkts fund. VanEck launched the fund in 2010.

The investment seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world. 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.

About VanEck Emerging Markets Y (EMRYX)

There are 2 members of the management team with an average tenure of 9.42 years: Angus Shillington (2009), Ola El-Shawarby (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EM IMI NR USD index with a weighting of 100%. VanEck Emerging Markets Y has 92 securities in its portfolio. The top 10 holdings constitute 48.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

VanEck Emerging Markets Y is part of the Equity global asset class and is within the International Equity fund group. VanEck Emerging Markets Y has 98.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.8%. There is 98.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Emerging Markets Y has 1.1% of the portfolio in cash.

Assets Under Management

The fund has $242 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

EMRYX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Emerging Markets Y expense ratio is high compared to funds in the Diversified Emerging Mkts category. VanEck Emerging Markets Y has an expense ratio of 1.11%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Emerging Markets Y has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.

Recently, in the month of July 2026, VanEck Emerging Markets Y returned -5.3%, which earned it a grade of C, as the Diversified Emerging Mkts category had an average return of -4.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

VanEck Emerging Markets Y has a trailing yield of 0.96%, which is below the 1.72% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

VanEck Emerging Markets Y Grades

Year to date, the fund has returned 17.1%, 1.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 33.4% over the past year (grade of D), 15.1% over the past three years (grade of D) and 2.9% per year over the past five years (grade of F) and 6.6% per year over the past 10 years (grade of F).

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