VanEck Emerging Markets Fund

Under typical circumstances, the VanEck Emerging Markets Fund (GBFAX) commits a minimum of 80% of its total net assets to companies that demonstrate a strong connection to developing nations. This connection is defined by businesses either being headquartered in, having at least half of their assets located within, or generating a minimum of 50% of their income from these emerging market economies. The fund's adviser possesses significant latitude in designating which countries qualify as emerging markets for investment consideration.