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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
12/31/22
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Net Assets | $102.5M | P/E (LTM) /P/E (Forward)* | 13.9/13.7 |
Number of Holdings | 84 | P/B (LTM)* | 2.4 |
Turnover Rate (2021) | 19.8% | Average Weighted Market Cap | $12.2B |
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
12/31/22
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China | 29.7 |
India | 15.0 |
Taiwan Region | 9.2 |
Brazil | 7.7 |
South Korea | 7.0 |
Turkey | 5.5 |
Philippines | 3.8 |
Georgia | 3.3 |
Argentina | 2.8 |
Mexico | 2.7 |
Kazakhstan | 2.2 |
Egypt | 1.8 |
Other | 8.1 |
Cash | 1.2 |
Sector Weightings (%)
12/31/22
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Financials | 21.5 |
Consumer Discretionary | 20.7 |
Information Technology | 14.4 |
Industrials | 13.4 |
Health Care | 9.1 |
Energy | 6.0 |
Materials | 4.5 |
Real Estate | 3.7 |
Communication Services | 3.2 |
Consumer Staples | 1.9 |
Utilities | 0.4 |
Cash | 1.2 |
Top 10 Holdings (%)
12/31/22
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Reliance Industries Limited | 5.4 |
HDFC Bank Limited | 5.1 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 4.8 |
Prosus N.V. Class N | 4.4 |
China Education Group Holdings Limited | 3.6 |
Samsung Electronics Co Ltd Pfd Non-Voting | 3.2 |
International Container Terminal Services, Inc. | 3.0 |
MLP Saglik Hizmetleri AS Class B | 3.0 |
MercadoLibre, Inc. | 2.8 |
Bank of Georgia Group Plc | 2.7 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
12/31/22
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Large (>= $10 billion) | 49.7 |
Mid (< $10 billion >= $2 billion) | 27.5 |
Small (< $2 billion) | 22.8 |
Average Weighted Market Cap | $12.2B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.