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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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04/30/2023
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| Net Assets | $100.7M | P/E (LTM) /P/E (Forward)* | 13.1/13.6 |
| Number of Holdings | 85 | P/B (LTM)* | 2.3 |
| Turnover Rate (2022) | 19.8% | Average Weighted Market Cap | $13.9B |
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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04/30/2023
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| China | 27.7 |
| India | 15.0 |
| Taiwan Region | 9.2 |
| Brazil | 8.4 |
| South Korea | 7.1 |
| Philippines | 4.9 |
| Argentina | 4.3 |
| Turkey | 4.2 |
| Georgia | 3.6 |
| Kazakhstan | 2.9 |
| Mexico | 2.6 |
| Egypt | 1.5 |
| Other | 7.6 |
| Cash | 1.1 |
Sector Weightings (%)
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04/30/2023
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| Financials | 21.9 |
| Consumer Discretionary | 21.6 |
| Industrials | 14.9 |
| Information Technology | 13.7 |
| Health Care | 6.9 |
| Energy | 5.6 |
| Materials | 4.3 |
| Real Estate | 3.9 |
| Communication Services | 3.1 |
| Consumer Staples | 2.3 |
| Utilities | 0.6 |
| Other | 0.0 |
| Cash | 1.1 |
Top 10 Holdings (%)
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04/30/2023
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| Taiwan Semiconductor Manufacturing Co., Ltd. | 5.5 |
| HDFC Bank Limited | 5.2 |
| Reliance Industries Limited | 5.1 |
| Prosus N.V. Class N | 4.6 |
| MercadoLibre, Inc. | 4.3 |
| Samsung Electronics Co Ltd Pfd Non-Voting | 3.4 |
| International Container Terminal Services, Inc. | 3.2 |
| Bank of Georgia Group Plc | 3.0 |
| Kaspi.kz JSC Sponsored GDR RegS | 2.9 |
| Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 2.7 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
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04/30/2023
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| Large (>= $10 billion) | 52.0 |
| Mid (< $10 billion >= $2 billion) | 28.9 |
| Small (< $2 billion) | 19.0 |
| Average Weighted Market Cap | $13.9B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.