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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
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
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 (%)
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 (%)
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 (%)
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
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.