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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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10/31/21
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| Net Assets | $166.7M | P/E (LTM) / P/E (Forward) | 18.0/17.0 |
| Number of Holdings | 80 | P/B (LTM) | 3.4 |
| Turnover Rate (2020) | 28.5% | Average Weighted Market Cap | $22.5B |
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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10/31/21
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| China | 29.1 |
| India | 11.9 |
| Taiwan Region | 11.8 |
| South Korea | 9.8 |
| Russia | 5.7 |
| Brazil | 5.1 |
| Turkey | 2.9 |
| Argentina | 2.8 |
| Philippines | 2.6 |
| Germany | 2.3 |
| Egypt | 2.2 |
| Mexico | 2.1 |
| Other EM | 10.1 |
| Cash | 1.6 |
Sector Weightings (%)
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10/31/21
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| Consumer Discretionary | 21.7 |
| Financials | 21.2 |
| Information Technology | 17.2 |
| Communication Services | 10.2 |
| Industrials | 7.4 |
| Health Care | 7.1 |
| Energy | 4.2 |
| Materials | 3.5 |
| Real Estate | 3.4 |
| Consumer Staples | 2.5 |
| Cash | 1.6 |
Top 10 Holdings (%)
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10/31/21
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| HDFC Bank Limited | 5.0 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 4.4 |
| Reliance Industries Limited | 3.9 |
| Prosus N.V. Class N | 3.4 |
| LG Chem Ltd. | 3.2 |
| Samsung Electronics Co Ltd Pfd Non-Voting | 3.0 |
| Tencent Holdings Ltd. | 2.8 |
| MercadoLibre, Inc. | 2.8 |
| MediaTek Inc | 2.6 |
| Sea Ltd. (Singapore) Sponsored ADR Class A | 2.4 |
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
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10/31/21
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| Large (>= $10 billion) | 61.2 |
| Mid (< $10 billion >= $2 billion) | 22.6 |
| Small (< $2 billion) | 16.2 |
| Average Weighted Market Cap | $22.5B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.