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VanEck VIP Emerging Markets Fund

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The VanEck VIP Emerging Markets Fund seeks long-term capital appreciation by investing in equity securities in emerging markets around the world. The Fund is a global emerging markets equity portfolio focused on companies with growth potential at a reasonable price (“GARP”). Our bottom-up investment process is driven by fundamental research into the sustainability of a company’s growth drivers, and is oriented toward strong secular stories, many of which reflect domestic demand themes and are often found in smaller-capitalization stocks.

 

Fund Details

 

10/31/2023
Net Assets $90.5M P/E (LTM) /P/E (Forward)* 11.7/12.9
Number of Holdings 76 P/B (LTM)* 2.3
Turnover Rate (2022) 19.8% Average Weighted Market Cap $15.0B

Fund Summary

 

The Fund seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world. The Fund's benchmark is the Morgan Stanley Capital International Emerging Markets Index.

Country Weightings

 

10/31/2023
China 20.7
India 16.9
Taiwan Region 9.6
Brazil 7.7
South Korea 6.0
Turkey 5.5
Argentina 5.0
Philippines 5.0
Georgia 3.9
South Africa 3.7
Kazakhstan 3.2
Mexico 2.9
Other 9.4
Cash 0.5

Sector Weightings (%)

 

10/31/2023
Financials 24.4
Consumer Discretionary 21.7
Information Technology 14.8
Industrials 13.2
Health Care 7.1
Energy 5.8
Real Estate 4.5
Communication Services 3.4
Consumer Staples 2.3
Materials 1.6
Utilities 0.7
Cash 0.5

Top 10 Holdings (%)

 

10/31/2023
Taiwan Semiconductor Manufacturing Co., Ltd. 6.2
Reliance Industries Limited 5.4
HDFC Bank Limited 5.3
MercadoLibre, Inc. 5.0
Samsung Electronics Co Ltd Pfd Non-Voting 4.3
Prosus N.V. Class N 3.7
Bank of Georgia Group Plc 3.4
Kaspi.kz JSC Sponsored GDR RegS 3.2
International Container Terminal Services, Inc. 3.2
MLP Saglik Hizmetleri AS Class B 2.9

View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.

Market Capitalization Breakdown

 

10/31/2023
Large (>= $10 billion) 52.6
Mid (< $10 billion >= $2 billion) 26.4
Small (< $2 billion) 21.0
Average Weighted Market Cap $15.0B

Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.