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VanEck VIP Emerging Markets Fund

 

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

 

10/31/22
Net Assets $89.0M P/E (LTM) / P/E (Forward) 12.3/13.0
Number of Holdings 82 P/B (LTM) 2.3
Turnover Rate (2021) 41.1% Average Weighted Market Cap $9.8B

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 (%)

 

10/31/22
China 24.2
India 17.5
Brazil 11.8
Taiwan Region 9.4
South Korea 7.1
Turkey 4.8
Philippines 3.8
Argentina 3.4
Mexico 3.2
Georgia 3.0
Kazakhstan 2.3
Indonesia 2.2
Other 8.1
Cash -0.8

Sector Weightings (%)

 

10/31/22
Financials 22.5
Consumer Discretionary 16.4
Industrials 16.2
Information Technology 16.0
Health Care 7.9
Energy 7.1
Materials 4.9
Real Estate 3.6
Communication Services 3.6
Consumer Staples 2.1
Utilities 0.5
Cash -0.8

Top 10 Holdings (%)

 

10/31/22
Reliance Industries Limited 6.4
HDFC Bank Limited 5.4
Taiwan Semiconductor Manufacturing Co., Ltd. 4.9
Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA 3.9
MercadoLibre, Inc. 3.4
Prosus N.V. Class N 3.3
LG Chem Ltd. 3.0
International Container Terminal Services, Inc. 3.0
Samsung Electronics Co Ltd Pfd Non-Voting 2.8
MLP Saglik Hizmetleri AS Class B 2.6

View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.

Market Capitalization Breakdown

 

10/31/22
Large (>= $10 billion) 46.4
Mid (< $10 billion >= $2 billion) 26.6
Small (< $2 billion) 27.0
Average Weighted Market Cap $9.8B

Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.