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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
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03/31/21
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| Net Assets | $182.8M | P/E (LTM) / P/E (Forward) | 24.2/19.9 |
| Number of Holdings | 89 | P/B (LTM) | 3.9 |
| Turnover Rate (2020) | 28.5% | Average Weighted Market Cap | $27.6B |
Fund Summary
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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 (%)
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03/31/21
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| China | 37.1 |
| India | 11.3 |
| Taiwan | 9.0 |
| South Korea | 8.5 |
| Brazil | 4.6 |
| Russia | 3.8 |
| South Africa | 3.4 |
| Mexico | 2.6 |
| Philippines | 2.5 |
| Turkey | 2.3 |
| Egypt | 2.0 |
| Germany | 1.9 |
| Other EM | 9.1 |
| Cash | 1.9 |
Sector Weightings (%)
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03/31/21
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| Consumer Discretionary | 28.5 |
| Financials | 22.0 |
| Information Technology | 15.4 |
| Communication Services | 14.4 |
| Industrials | 6.9 |
| Health Care | 4.7 |
| Energy | 2.0 |
| Real Estate | 1.9 |
| Consumer Staples | 1.4 |
| Materials | 0.9 |
| Cash | 1.9 |
Top 10 Holdings (%)
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03/31/21
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| Tencent Holdings Ltd. | 6.6 |
| Alibaba Group Holding Ltd. | 6.0 |
| HDFC Bank Limited | 5.2 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3.7 |
| Samsung Electronics Co Ltd Pfd Non-Voting | 2.9 |
| Prosus N.V. Class N | 2.8 |
| Samsung SDI Co., Ltd | 2.4 |
| Meituan Class B | 2.0 |
| China Education Group Holdings Limited | 1.9 |
| Naspers Limited Class N | 1.9 |
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
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03/31/21
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| Large (>= $10 billion) | 62.0 |
| Mid (< $10 billion >= $2 billion) | 23.1 |
| Small (< $2 billion) | 14.9 |
| Average Weighted Market Cap | $27.6B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.