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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
02/29/2024
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Net Assets | $107.7M | P/E (LTM) /P/E (Forward)* | 13.5/13.0 |
Number of Holdings | 72 | P/B (LTM)* | 2.5 |
Turnover Rate (2022) | 22.2% | Average Weighted Market Cap | $18.6B |
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
02/29/2024
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India | 17.4 |
China | 15.0 |
Brazil | 13.0 |
Taiwan Region | 10.9 |
South Korea | 6.4 |
Philippines | 5.9 |
Georgia | 4.6 |
Turkey | 4.0 |
Mexico | 3.7 |
South Africa | 3.2 |
Kazakhstan | 2.9 |
Hungary | 2.0 |
Other | 9.1 |
Cash | 2.0 |
Sector Weightings (%)
02/29/2024
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Financials | 24.0 |
Consumer Discretionary | 20.5 |
Information Technology | 16.7 |
Industrials | 15.3 |
Energy | 6.4 |
Real Estate | 4.9 |
Health Care | 4.0 |
Communication Services | 3.2 |
Consumer Staples | 2.2 |
Utilities | 0.7 |
Materials | 0.0 |
Cash | 2.0 |
Top 10 Holdings (%)
02/29/2024
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Taiwan Semiconductor Manufacturing Co., Ltd. | 7.6 |
Reliance Industries Limited | 6.1 |
MercadoLibre, Inc. | 5.6 |
Samsung Electronics Co Ltd Pfd Non-Voting | 4.8 |
Bank of Georgia Group Plc | 4.0 |
International Container Terminal Services, Inc. | 3.7 |
HDFC Bank Limited | 3.7 |
Prosus N.V. Class N | 3.2 |
Regional, S.A.B. de C.V. Class A | 3.0 |
Kaspi.kz Joint Stock Company Sponsored ADR RegS | 2.9 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
02/29/2024
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Large (>= $10 billion) | 57.6 |
Mid (< $10 billion >= $2 billion) | 26.7 |
Small (< $2 billion) | 15.7 |
Average Weighted Market Cap | $18.6B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.