The VanEck Emerging Markets Bond Fund Class Y (EMBYX) is a mutual fund that focuses on investing in fixed-income securities issued by emerging market countries. This fund seeks to provide investors with exposure to the potential growth and diversification benefits of emerging market debt. With a focus on high-quality bonds, the fund aims to generate income and capital appreciation for its investors. EMBYX is managed by VanEck, a global investment management firm with a strong track record in emerging markets.