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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

 

06/30/21
Net Assets $184.0M P/E (LTM) / P/E (Forward) 23.1/18.0
Number of Holdings 84 P/B (LTM) 3.8
Turnover Rate (2020) 28.5% Average Weighted Market Cap $25.5B

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 (%)

 

06/30/21
China 34.9
Taiwan 10.4
India 10.3
South Korea 9.5
Brazil 6.0
Russia 4.6
South Africa 2.8
Mexico 2.5
Philippines 2.3
Turkey 2.2
Argentina 2.1
Germany 2.1
Other EM 9.2
Cash 1.0

Sector Weightings (%)

 

06/30/21
Consumer Discretionary 24.5
Financials 19.4
Information Technology 16.7
Communication Services 12.7
Industrials 9.7
Health Care 7.1
Consumer Staples 2.6
Energy 2.6
Materials 2.5
Real Estate 1.2
Cash 1.0

Top 10 Holdings (%)

 

06/30/21
Tencent Holdings Ltd. 5.1
HDFC Bank Limited 5.0
Taiwan Semiconductor Manufacturing Co., Ltd. 3.9
Alibaba Group Holding Ltd. 3.7
Samsung Electronics Co Ltd Pfd Non-Voting 3.2
LG Chem Ltd. 2.5
Prosus N.V. Class N 2.5
Reliance Industries Limited 2.5
China Education Group Holdings Limited 2.4
A-Living Smart City Services Co., Ltd. Class H 2.3

View All Holdings

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

Market Capitalization Breakdown

 

06/30/21
Large (>= $10 billion) 63.2
Mid (< $10 billion >= $2 billion) 20.6
Small (< $2 billion) 16.2
Average Weighted Market Cap $25.5B

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