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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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08/31/2024
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| Net Assets | $85.2M | P/E (LTM) /P/E (Forward)* | 15.1/13.1 |
| Number of Holdings | 71 | P/B (LTM)* | 2.6 |
| Turnover Rate (2022) | 22.2% | Average Weighted Market Cap | $23.2B |
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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08/31/2024
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| China | 21.9 |
| India | 21.8 |
| Brazil | 15.7 |
| Taiwan Region | 11.6 |
| South Korea | 9.6 |
| Philippines | 7.2 |
| Turkey | 5.3 |
| Kazakhstan | 4.1 |
| Georgia | 3.2 |
| Mexico | 2.7 |
| Poland | 2.6 |
| Greece | 2.5 |
| Other | 8.1 |
| Cash | -16.4 |
Sector Weightings (%)
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08/31/2024
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| Consumer Discretionary | 25.5 |
| Financials | 25.1 |
| Information Technology | 19.8 |
| Industrials | 19.0 |
| Real Estate | 6.7 |
| Energy | 6.5 |
| Health Care | 6.4 |
| Communication Services | 4.3 |
| Consumer Staples | 3.1 |
| Cash | -16.4 |
Top 10 Holdings (%)
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08/31/2024
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| Taiwan Semiconductor Manufacturing Co., Ltd. | 8.3 |
| MercadoLibre, Inc. | 7.4 |
| Reliance Industries Limited | 6.5 |
| Samsung Electronics Co Ltd Pfd Non-Voting | 6.1 |
| International Container Terminal Services, Inc. | 5.5 |
| Prosus N.V. Class N | 4.7 |
| Kaspi.kz Joint Stock Company Sponsored ADR RegS | 4.2 |
| Phoenix Mills Ltd. | 3.3 |
| MLP Saglik Hizmetleri AS Class B | 3.3 |
| Bank of Georgia Group Plc | 3.2 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
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08/31/2024
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| Large (>= $10 billion) | 60.7 |
| Mid (< $10 billion >= $2 billion) | 26.8 |
| Small (< $2 billion) | 12.5 |
| Average Weighted Market Cap | $23.2B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.