EMBUX Fees and Costs — VanEck Emerging Markets Bond Fund, Class I
Data updated: 2025-11-21
The net expense ratio is 0.86%: a 0.80% management fee plus 0.57% other expenses, less a 0.51% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 206%.
EMBUX Fees and Expenses
Annual operating expenses and sales charges of EMBUX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.51% |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
EMBUX Costs Over Time
On $10,000 invested in EMBUX, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.86%) | $90 | $282 | $490 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
EMBUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $481.2M
- Portfolio turnover (prospectus): 206%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $6K (0.007% of average net assets)
EMBUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $160.4M | 40.32% |
| HSBC Securities (USA) Inc. | $54.8M | 13.77% |
| J.P. Morgan Securities LLC | $35.2M | 8.84% |
| Euroclear Bank | $28.4M | 7.14% |
| Morgan Stanley & Co. LLC | $23.8M | 5.98% |
| Citigroup Global Markets Inc. | $23.4M | 5.89% |
| Jefferies LLC | $20.7M | 5.20% |
| BNY Capital Markets, LLC | $19.7M | 4.94% |
| Barclays Capital Inc. | $18.1M | 4.54% |
| Itau International Securities Inc. | $13.5M | 3.38% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.