Daily Price as of 02/06/23
NAV† | DAILY CHANGE |
---|---|
$22.63 |
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Class I Details: ELMIX
INCEPTION DATE | GROSS/NET EXPENSES1 |
---|---|
02/28/22 | 1.07%/0.85% |
Fund Literature
Fund Summary and Key Points
The VanEck Emerging Markets Leaders Fund (the “Fund”) seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.
- Focuses on established large- and emerging mid-cap companies positioned to capture trends in consumption and innovation
- Targets companies with strong sustainable and structural growth-at a reasonable price (“SGARP”) profiles based on an active, bottom-up, fundamental research process
- Benefits from the experience, philosophy and process of a seasoned emerging markets investment team
The Investment Case for Emerging Markets
Fund Details
as of 12/31/22
-
Net Assets (All Classes)$5.0M
-
Number of Holdings44
-
Avg. Wtd. Market Cap$26.2B
-
Turnover Rate (2022)17.8%
-
P/E (LTM) / P/E (Forward)*14.3 / 14.1
-
P/B (LTM)*2.5
-
Benchmark IndexMSCI EM (GDUEEGF) Index
*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.
Investment Style Box
This investment style box is based on the Fund's overall targeted capitalization range and relative valuation as determined by VanEck.
Performance History: Average Annual Total Returns* (%)
|
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE (02/28/22) |
---|---|---|---|---|---|---|---|---|
VanEck Emerging Markets Leaders Fund: Class I | ||||||||
At Net Asset Value
|
-3.29 | 13.35 | -- | -- | -- | -- | -- | -16.48 |
MSCI EM Index2
|
-1.41 | 9.70 | -20.09 | -20.09 | -2.69 | -1.40 | 1.44 | -16.04 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE (02/28/22) |
|
---|---|---|---|---|---|---|---|---|
VanEck Emerging Markets Leaders Fund: Class I | ||||||||
At Net Asset Value | -3.29 | 13.35 | -- | -- | -- | -- | -- | -16.48 |
MSCI EM Index2 | -1.41 | 9.70 | -20.09 | -20.09 | -2.69 | -1.40 | 1.44 | -16.04 |
Top 10 Holdings (%)
HOLDINGS |
SECTOR
|
% OF NET ASSETS |
---|---|---|
Reliance Industries Limited |
Energy
|
7.4 |
Kaspi.kz JSC Sponsored GDR RegS |
Financials
|
6.1 |
Prosus N.V. Class N |
Consumer Discretionary
|
5.4 |
Taiwan Semiconductor Manufacturing Co., Ltd. |
Information Technology
|
5.2 |
Samsung Electronics Co Ltd Pfd Non-Voting |
Information Technology
|
4.0 |
LG Chem Ltd. |
Materials
|
3.6 |
Koc Holding A.S. |
Industrials
|
3.6 |
HDFC Bank Limited |
Financials
|
3.5 |
Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA |
Industrials
|
3.3 |
Shenzhou International Group Holdings Limited | 3.2 | |
Top 10 Total | 45.3 |
Sector Weightings (%)
as of 12/31/22
SECTOR | % OF NET ASSETS |
---|---|
Industrials | 20.4 |
Financials | 19.3 |
Information Technology | 17.2 |
Consumer Discretionary | 11.7 |
Energy | 8.1 |
Health Care | 8.0 |
Materials | 7.6 |
Real Estate | 3.0 |
Communication Services | 2.8 |
Utilities | 1.8 |
Consumer Staples | 1.2 |
Cash | -1.0 |
Country Weightings (%) as of 12/31/22
COUNTRY | % OF NET ASSETS |
---|---|
■
China
|
39.3 |
■
India
|
14.5 |
■
South Korea
|
9.0 |
■
Taiwan Region
|
6.8 |
■
Kazakhstan
|
6.1 |
■
Brazil
|
5.8 |
■
Turkey
|
3.6 |
■
Argentina
|
3.5 |
■
Philippines
|
2.9 |
■
Poland
|
2.2 |
■
Indonesia
|
1.8 |
■
Greece
|
1.6 |
■
Egypt
|
1.5 |
■
South Africa
|
1.2 |
■
Hungary
|
1.1 |
■
United Arab Emirates
|
0.2 |
■
Cash
|
-1.0 |