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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
04/30/22
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Net Assets | $117.2M | P/E (LTM) / P/E (Forward) | 13.8/14.3 |
Number of Holdings | 83 | P/B (LTM) | 2.6 |
Turnover Rate (2021) | 41.1% | Average Weighted Market Cap | $14.7B |
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 (%)
04/30/22
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China | 28.5 |
India | 15.4 |
Taiwan Region | 11.6 |
Brazil | 9.6 |
South Korea | 8.6 |
Philippines | 4.0 |
Mexico | 3.2 |
Argentina | 2.9 |
Turkey | 2.6 |
Egypt | 2.2 |
Indonesia | 2.1 |
Kazakhstan | 1.7 |
Other EM | 7.6 |
Cash | 0.0 |
Sector Weightings (%)
04/30/22
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Financials | 20.5 |
Information Technology | 18.2 |
Consumer Discretionary | 15.6 |
Industrials | 12.9 |
Energy | 7.6 |
Health Care | 7.4 |
Communication Services | 7.0 |
Materials | 4.7 |
Real Estate | 3.6 |
Consumer Staples | 2.2 |
Utilities | 0.3 |
[Unassigned] | 0.1 |
Other | 0.0 |
Cash | 0.0 |
Top 10 Holdings (%)
04/30/22
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Taiwan Semiconductor Manufacturing Co., Ltd. | 6.0 |
Reliance Industries Limited | 5.8 |
HDFC Bank Limited | 5.5 |
Samsung Electronics Co Ltd Pfd Non-Voting | 3.5 |
MediaTek Inc | 3.3 |
MercadoLibre, Inc. | 3.3 |
International Container Terminal Services, Inc. | 3.2 |
Prosus N.V. Class N | 2.8 |
LG Chem Ltd. | 2.6 |
NAVER Corp. | 2.2 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
04/30/22
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Large (>= $10 billion) | 53.3 |
Mid (< $10 billion >= $2 billion) | 26.3 |
Small (< $2 billion) | 20.3 |
Average Weighted Market Cap | $14.7B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.