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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
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09/30/21
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| Net Assets | $164.9M | P/E (LTM) / P/E (Forward) | 18.6/17.0 |
| Number of Holdings | 80 | P/B (LTM) | 3.4 |
| Turnover Rate (2020) | 28.5% | Average Weighted Market Cap | $21.1B |
Fund Summary
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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 (%)
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09/30/21
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| China | 28.5 |
| India | 11.9 |
| Taiwan | 11.1 |
| South Korea | 9.5 |
| Brazil | 6.2 |
| Russia | 5.6 |
| Turkey | 3.1 |
| Argentina | 3.1 |
| Philippines | 2.7 |
| Mexico | 2.5 |
| Germany | 2.3 |
| Egypt | 2.0 |
| Other EM | 9.7 |
| Cash | 1.8 |
Sector Weightings (%)
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09/30/21
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| Consumer Discretionary | 21.4 |
| Financials | 20.5 |
| Information Technology | 16.4 |
| Communication Services | 10.8 |
| Industrials | 8.1 |
| Health Care | 7.8 |
| Energy | 3.9 |
| Real Estate | 3.5 |
| Materials | 3.1 |
| Consumer Staples | 2.7 |
| Cash | 1.8 |
Top 10 Holdings (%)
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09/30/21
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| HDFC Bank Limited | 5.1 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 4.1 |
| Reliance Industries Limited | 3.8 |
| Samsung Electronics Co Ltd Pfd Non-Voting | 3.2 |
| Prosus N.V. Class N | 3.1 |
| MercadoLibre, Inc. | 3.0 |
| LG Chem Ltd. | 2.9 |
| Tencent Holdings Ltd. | 2.8 |
| Delivery Hero SE | 2.3 |
| MediaTek Inc | 2.3 |
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
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09/30/21
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| Large (>= $10 billion) | 60.1 |
| Mid (< $10 billion >= $2 billion) | 22.7 |
| Small (< $2 billion) | 17.2 |
| Average Weighted Market Cap | $21.1B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.