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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
06/30/2024
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Net Assets | $100.0M | P/E (LTM) /P/E (Forward)* | 14.3/13.5 |
Number of Holdings | 72 | P/B (LTM)* | 2.6 |
Turnover Rate (2022) | 22.2% | Average Weighted Market Cap | $23.4B |
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
06/30/2024
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China | 19.6 |
India | 19.2 |
Brazil | 11.8 |
Taiwan Region | 11.2 |
South Korea | 8.4 |
Philippines | 5.7 |
Turkey | 5.5 |
Kazakhstan | 3.5 |
Georgia | 2.7 |
Mexico | 2.4 |
Poland | 2.1 |
Greece | 2.1 |
Other | 6.5 |
Cash | -0.6 |
Sector Weightings (%)
06/30/2024
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Financials | 21.7 |
Consumer Discretionary | 21.1 |
Information Technology | 18.7 |
Industrials | 15.4 |
Energy | 6.0 |
Health Care | 5.6 |
Real Estate | 5.5 |
Communication Services | 3.8 |
Consumer Staples | 2.8 |
Cash | -0.6 |
Top 10 Holdings (%)
06/30/2024
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Taiwan Semiconductor Manufacturing Co., Ltd. | 8.1 |
Reliance Industries Limited | 6.0 |
MercadoLibre, Inc. | 5.3 |
Samsung Electronics Co Ltd Pfd Non-Voting | 5.1 |
International Container Terminal Services, Inc. | 4.0 |
Prosus N.V. Class N | 3.8 |
Kaspi.kz Joint Stock Company Sponsored ADR RegS | 3.5 |
MLP Saglik Hizmetleri AS Class B | 3.3 |
HDFC Bank Limited | 3.1 |
Phoenix Mills Ltd. | 2.7 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
06/30/2024
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Large (>= $10 billion) | 60.5 |
Mid (< $10 billion >= $2 billion) | 26.2 |
Small (< $2 billion) | 13.3 |
Average Weighted Market Cap | $23.4B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.