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WWEM

VanEck VIP Emerging Markets Fund

As of February 28, 2026

Fund Details

Net Assets $81.9M
Number of Holdings 74
Avg. Wtd. Market Cap $64.8B
Turnover Rate (2024) 33.6%
P/E (LTM) / P/E (Forward) 19.5/13.6
P/B (LTM) 3.4
Benchmark Index MSCI Emerging Markets Investable Markets (M1EFIM) Index (IMI)
Inception Date 12/21/95
CUSIP 921082608
*Price-to-Earnings (P/E) ratio is the price of a stock divided by its earnings per share. Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

Top 10 Holdings

Holdings % of Net Assets
Taiwan Semiconductor Manufacturing Co L 12.1
Sk Hynix Inc 8.1
Samsung Electronics Co Ltd 6.0
Chroma Ate Inc 4.0
Tencent Holdings Ltd 3.5
Alibaba Group Holding Ltd 2.7
Hdfc Bank Ltd 2.3
Reliance Industries Ltd 2.3
International Container Terminal Servic 2.0
Bank Of Georgia Group Plc 1.9
These are not recommendations to buy or sell any security. Holdings may vary.

Fund Expense Ratios

Class Gross Net
I 1.29% 1.29%
S 3.09% 1.57%
Expenses are capped contractually until 05/01/26 at 1.30% for Class I, 1.55% for Class S. Caps excluding acquired fund fees and expenses, interest, trading, dividends, and interest payments of securities sold short, taxes, and extraordinary expenses.

Fund Description

The VanEck VIP Emerging Markets Fund seeks long-term capital appreciation by investing in equity securities in emerging markets around the world. The Fund's benchmark is the Morgan Stanley Capital International Emerging Markets Investment Market Index (MSCI EM IMI). The Fund focuses on companies with potential for growth at a reasonable price (GARP). This strategy utilizes a bottom-up investment process driven by fundamental research into the sustainability of a company's growth drivers. Stock selection is oriented toward strong secular stories, many of which reflect domestic demand themes often found in smaller-capitalization stocks.

Performance History: Average Annual Total Returns* (%) (In USD)

Month End as of February 28, 2026 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
Class I: NAV (Inception 12/21/95) 3.77 13.68 11.67 42.13 16.45 0.42 8.00 --
MSCI Emerging Markets Investable Markets Index (IMI) 5.32 17.52 14.43 48.59 21.13 6.66 10.63 --
MSCI Emerging Markets Index 5.50 18.27 14.83 49.96 21.53 6.31 10.69 --
Quarter End as of December 31, 2025 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
Class I: NAV (Inception 12/21/95) 1.81 3.50 29.92 29.92 13.01 -0.77 5.48 --
MSCI Emerging Markets Investable Markets Index (IMI) 2.70 4.31 31.38 31.38 16.25 4.66 8.37 --
MSCI Emerging Markets Index 2.99 4.73 33.57 33.57 16.40 4.20 8.42 --

*Returns less than one year are not annualized.

Three-Year Risk Measures and Statistics

Volatility (Standard Deviation) 11.71
Sharpe Ratio 0.76
Alpha vs. MSCI EM IMI -1.51
Beta vs. MSCI EM IMI 0.76
R2 vs. MSCI EM IMI 68.61

Five-Year Risk Measures and Statistics

Volatility (Standard Deviation) 16.49
Sharpe Ratio -0.17
Alpha vs. MSCI EM IMI -6.57
Beta vs. MSCI EM IMI 0.95
R2 vs. MSCI EM IMI 79.26
Source: VanEck and FactSet. Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Performance may be lower or higher than performance data quoted.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. Investors should not expect to buy or sell shares at NAV.

The Fund is only available through variable annuity and variable life insurance products.


 

WWEM

VanEck VIP Emerging Markets Fund

As of February 28, 2026

Sector Weightings

Sector % of Net Assets
Information Technology 31.9
Financials 20.6
Consumer Discretionary 13.5
Industrials 10.3
Communication Services 7.1
Real Estate 6.3
Health Care 5.2
Energy 2.7
Consumer Staples 1.3
Cash 1.1

Market Capitalization Breakdown

Market Capitalization % of Net Assets
Large (>= $10 billion) 77.6
Mid (< $10 billion >= $2 billion) 18.5
Small (< $2 billion) 3.9
Average Weighted Market Cap $64.8B

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

Country Weightings (%)

Country % of Net Assets
China 20.7
South Korea 17.3
Taiwan Region 16.9
India 13.6
Brazil 5.9
Greece 2.2
Mexico 2.2
Saudi Arabia 2.1
United Arab Emirates 2.1
Philippines 2.0
Singapore 2.0
United Kingdom 1.9
Other 10.1
Cash 1.1

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets countries. The MSCI Emerging Markets Investable Market Index (IMI) is a free float adjusted market capitalization index that is designed to capture large-, mid-and small-cap representation across emerging markets countries. MSCI Emerging Markets Investable Market Index (IMI) captures large, mid and small cap representation across emerging markets (EM) countries. The index covers approximately 99% of the free float-adjusted market capitalization in each country.

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors cannot invest directly in the Index. Index returns assume that dividends have been reinvested.

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 risks which may include, but are not limited to, risks associated with active management, consumer discretionary sector, direct investments, emerging market issuers, ESG investing strategy, financials sector, foreign currency, foreign securities, information technology sector, industrials sector, market, operational, restricted securities, investing in other funds, small- and medium-capitalization companies risks, special purpose acquisition companies, special risk considerations of investing in Chinese, Indian and Latin American issuers, and Stock Connect risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks. Investments in Chinese issuers may entail additional risks that include, among others, lack of liquidity and price volatility, currency devaluations and exchange rate fluctuations, intervention by the Chinese government, nationalization or expropriation, limitations on the use of brokers, and trade limitations.

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.

FINANCIAL PROFESSIONALS ONLY. Not for use with the general public. This material is for financial professional use only and has not been reviewed by FINRA. If this material is distributed outside of your firm, you are responsible for ensuring that the distribution complies with applicable laws, rules and regulations.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation, 666 Third Avenue, New York, NY 100017

The MSCI Emerging Markets Investment Market Index (MSCI EM IMI) is a free float-adjusted market capitalization index that is designed to capture large-, mid- and small-cap representation across emerging markets countries. The Morgan Stanley Capital International (MSCI) Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets.

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, direct investments, emerging market securities which tends to be more volatile and less liquid than securities traded in developed countries, ESG investing, foreign currency transactions, foreign securities, communication services sectors, consumer discretionary sector, financial services sector, information technology sector, other investment companies, Stock Connect, Latin American issuers, management, market, operational, restricted securities, sectors, small- and medium-capitalization companies risks and special purpose acquisition companies. 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 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.  

FINANCIAL PROFESSIONALS ONLY. Not for use with the general public. This material is for financial professional use only and has not been reviewed by FINRA. If this material is distributed outside of your firm, you are responsible for ensuring that the distribution complies with applicable laws, rules and regulations.

Van Eck Securities Corporation, Distributor, 666 Third Avenue, New York, NY 100017

800.826.2333 VANECK.COM