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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

 

10/31/19
Net Assets $156.7M P/E (LTM) / P/E (Forward) 18.0/17.1
Number of Holdings 84 P/B (LTM) 3.4
Turnover Rate (2018) 33.6% Average Weighted Market Cap $12.5B

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 (%)

 

10/31/19
China 33.0
India 11.6
Brazil 8.4
South Africa 6.1
Philippines 5.1
Mexico 3.2
Turkey 3.1
Russia 3.0
Indonesia 2.7
Taiwan 2.7
Thailand 2.6
South Korea 2.4
Other EM 13.2
Cash 2.8

Sector Weightings (%)

 

10/31/19
Financials 30.9
Consumer Discretionary 26.9
Communication Services 12.0
Industrials 9.8
Health Care 5.3
Real Estate 3.7
Consumer Staples 3.6
Information Technology 3.6
Energy 0.9
Utilities 0.5
Materials 0.0
Cash 2.8

Top 10 Holdings (%)

 

10/31/19
Ping An Insurance (Group) Company of China, Ltd. Class H 5.8
Tencent Holdings Ltd. 5.2
Alibaba Group Holding Ltd. Sponsored ADR 5.1
HDFC Bank Limited 4.8
A-Living Services Co. Ltd. Class H 3.5
Naspers Limited Class N 2.9
Ayala Land Inc. 2.3
Baozun Inc Sponsored ADR Class A 2.0
CIE Automotive, S.A. 1.7
Sberbank Russia PJSC 1.7

View All Holdings

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

Market Capitalization Breakdown

 

10/31/19
Large (>= $10 billion) 47.9
Mid (< $10 billion >= $2 billion) 30.8
Small (< $2 billion) 21.3
Average Weighted Market Cap $12.5B

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

Important Disclosure 

You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to the risks associated with its investments in Chinese issuers, communication services sectors, direct investments, emerging market securities which tends to be more volatile and less liquid than securities traded in developed countries, foreign currency transactions, foreign securities, other investment companies, Stock Connect, management, market, operational, sectors and small- and medium-capitalization companies risks . The Fund’s investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, or political, economic or social instability.

The Morgan Stanley Capital International Emerging Markets Investment Market Index (MSCI EM IMI) is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

Indices are unmanaged and are not securities in which investments can be made.

The Fund is only available as an option under various insurance contracts issued by life insurance and annuity companies. These contracts offer life and tax benefits to the beneficial owners of the Fund. The insurance or annuity company charges, fees and expenses for these benefits are not included in Fund performance. A review of the particular life and/or annuity contract will provide you with much greater detail regarding these costs and benefits.

The Fund is not available directly to the general public. For more complete information on variable life/annuity products, including all charges and expenses, please obtain a prospectus from a licensed insurance agent/registered representative. The prospectus includes information about the investment objective, risks and charges and expenses. Please read the prospectus carefully before investing.