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VanEck VIP Emerging Markets Fund

 

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

 

03/31/2024
Net Assets $100.6M P/E (LTM) /P/E (Forward)* 14.4/12.8
Number of Holdings 72 P/B (LTM)* 2.5
Turnover Rate (2022) 22.2% Average Weighted Market Cap $19.0B

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

 

03/31/2024
India 17.6
China 16.2
Brazil 12.6
Taiwan Region 10.5
South Korea 7.5
Philippines 5.8
Turkey 4.1
Mexico 3.8
Kazakhstan 3.5
Georgia 3.4
South Africa 3.3
Greece 2.1
Other 9.5
Cash 0.2

Sector Weightings (%)

 

03/31/2024
Financials 23.8
Consumer Discretionary 20.9
Information Technology 17.2
Industrials 15.6
Energy 6.2
Real Estate 5.1
Health Care 4.3
Communication Services 3.7
Consumer Staples 2.3
Utilities 0.7
Cash 0.2

Top 10 Holdings (%)

 

03/31/2024
Taiwan Semiconductor Manufacturing Co., Ltd. 7.2
Reliance Industries Limited 5.8
MercadoLibre, Inc. 5.1
Samsung Electronics Co Ltd Pfd Non-Voting 4.7
International Container Terminal Services, Inc. 3.8
Kaspi.kz Joint Stock Company Sponsored ADR RegS 3.5
Prosus N.V. Class N 3.3
Bank of Georgia Group Plc 2.9
Regional, S.A.B. de C.V. Class A 2.9
HDFC Bank Limited 2.7

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

Market Capitalization Breakdown

 

03/31/2024
Large (>= $10 billion) 57.9
Mid (< $10 billion >= $2 billion) 26.9
Small (< $2 billion) 15.2
Average Weighted Market Cap $19.0B

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