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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
04/30/2023
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Net Assets | $100.7M | P/E (LTM) /P/E (Forward)* | 13.1/13.6 |
Number of Holdings | 85 | P/B (LTM)* | 2.3 |
Turnover Rate (2022) | 19.8% | Average Weighted Market Cap | $13.9B |
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
04/30/2023
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China | 27.7 |
India | 15.0 |
Taiwan Region | 9.2 |
Brazil | 8.4 |
South Korea | 7.1 |
Philippines | 4.9 |
Argentina | 4.3 |
Turkey | 4.2 |
Georgia | 3.6 |
Kazakhstan | 2.9 |
Mexico | 2.6 |
Egypt | 1.5 |
Other | 7.6 |
Cash | 1.1 |
Sector Weightings (%)
04/30/2023
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Financials | 21.9 |
Consumer Discretionary | 21.6 |
Industrials | 14.9 |
Information Technology | 13.7 |
Health Care | 6.9 |
Energy | 5.6 |
Materials | 4.3 |
Real Estate | 3.9 |
Communication Services | 3.1 |
Consumer Staples | 2.3 |
Utilities | 0.6 |
Other | 0.0 |
Cash | 1.1 |
Top 10 Holdings (%)
04/30/2023
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Taiwan Semiconductor Manufacturing Co., Ltd. | 5.5 |
HDFC Bank Limited | 5.2 |
Reliance Industries Limited | 5.1 |
Prosus N.V. Class N | 4.6 |
MercadoLibre, Inc. | 4.3 |
Samsung Electronics Co Ltd Pfd Non-Voting | 3.4 |
International Container Terminal Services, Inc. | 3.2 |
Bank of Georgia Group Plc | 3.0 |
Kaspi.kz JSC Sponsored GDR RegS | 2.9 |
Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 2.7 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
04/30/2023
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Large (>= $10 billion) | 52.0 |
Mid (< $10 billion >= $2 billion) | 28.9 |
Small (< $2 billion) | 19.0 |
Average Weighted Market Cap | $13.9B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.