us en false false

VNM

VanEck
Vietnam ETF

As of October 31, 2024

Fund Details

Fund Ticker VNM
Intraday NAV (IIV) VNMIV
Index Ticker MVVNMLTR
Total Net Assets ($M) 469.98
Options No
Exchange BATS
Inception Date 08/11/09

Fund Data

Number of Holdings 48
Currency USD
Price/Earnings Ratio* 14.31
Price/Book Ratio* 1.49
Weighted Avg. Market Cap ($M) $4,046
30-Day SEC Yield * 0.77%
NAV: 52 Week High/Low $13.79/$11.47
*30-Day SEC Yield is based on the most recent 30-day period and reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time. A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security. 

Fees and Expenses

Management Fee 0.50%
Other Expenses 0.20%
Acquired Fund Fees and Expenses --
Gross Expense Ratio 0.70%
Fee Waivers and
Expense Reimbursement		 --
Net Expense Ratio 0.70%

Fees and ExpensesExpenses for VNM are capped contractually at 0.76% until May 1, 2025. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Fund Description

VanEck Vietnam ETF (VNM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MarketVector™ Vietnam Local Index (MVVNMLTR), which tracks securities of publicly traded companies that are locally incorporated in Vietnam.

Top 10 Holdings

Holding Name
Ticker
 % of Net Assets
Vingroup Jsc
VIC VN
 7.80
Vinhomes Jsc
VHM VN
 7.78
Hoa Phat Group Jsc
HPG VN
 6.95
Bank For Foreign Trade Of Vietnam Jsc
VCB VN
 6.41
Vietnam Dairy Products Jsc
VNM VN
 6.26
Ssi Securities Corp
SSI VN
 5.43
Masan Group Corp
MSN VN
 5.14
Vndirect Securities Corp
VND VN
 3.56
Duc Giang Chemicals Jsc
DGC VN
 2.88
Vietcap Securities Jsc
VCI VN
 2.86
Top 10 Total 55.07
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History:

Average Annual Total Returns* (%)

Month End as of 10/31/24 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/11/09
VNM (NAV) -5.98 -0.80 -7.10 8.97 -14.36 -4.54 -3.83 -3.04
VNM (Share Price) -6.81 -1.33 -7.82 8.53 -14.41 -4.51 -3.92 -3.11
MVVNMLTR (Index) -5.81 -0.10 -6.30 10.51 -13.41 -3.57 -2.86 -2.18
Performance Differential (NAV - Index) -0.17 -0.70 -0.80 -1.54 -0.95 -0.97 -0.97 -0.86
Quarter End as of 09/30/24 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/11/09
VNM (NAV) 1.32 4.87 -1.19 -1.31 -10.98 -3.43 -3.53 -2.66
VNM (Share Price) 1.83 5.01 -1.08 -0.57 -10.84 -3.26 -3.47 -2.67
MVVNMLTR (Index) 1.63 5.05 -0.52 -0.51 -10.14 -2.44 -2.57 -1.80
Performance Differential (NAV - Index) -0.31 -0.18 -0.67 -0.80 -0.84 -0.99 -0.96 -0.86

*Returns less than one year are not annualized.

Index data prior to March 17, 2023 reflects that of the MVIS Vietnam Index (MVVNMTR). From March 17, 2023 forward, the index data reflects that of the Fund's underlying index, the MarketVector Vietnam Local Index (MVVNMLTR), and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The Fund’s prospectus has not been submitted for approval to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten / Autorité des Services et Marchés Financiers) and, accordingly, the shares may not be distributed by way of public offering in Belgium and may only be offered to a maximum of 99 investors or to institutional and professional investors (as defined in Article 5, §3 of the Law of July 20, 2004, and as extended by the provisions of the Belgian Royal Decree of September 26, 2006 . These materials may be distributed in Belgium only to such prospective investors for their personal use and may not be used for any other purpose or passed on to any other person in Belgium. Shares will only be offered to such qualifying prospective investors.

In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vietnam ETF would have been 0.77% on 10/31/24.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

VNM

VanEck
Vietnam ETF

As of October 31, 2024

Top 10 Countries

Country % of Net Assets
Vietnam 99.84
Other/Cash 0.16
Top 10 Total 100.00

Sector Weightings

Sector % of Net Assets
■ Financials 27.6
■ Real Estate 27.0
■ Consumer Staples 17.6
■ Materials 12.8
■ Industrials 11.2
■ Energy 2.2
■ Utilities 1.2
■ n/a 0.2
■ Other/Cash 0.2

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Index returns assume that dividends have been reinvested.

An investment in the Fund may be subject to risks which include, but are not limited to, special risk considerations of investing in Vietnamese issuers, foreign securities, emerging and frontier market issuers, foreign currency, depositary receipts, real estate sector, consumer staples sector, financials sector, basic materials sector, micro-,small- and medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, issuer-specific changes, non-diversified and index-related concentration risks, all of which may adversely affect the Fund. Emerging and frontier market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Micro-, small- and medium-capitalization companies may be subject to elevated risks.

The MarketVector Vietnam Local Index tracks the performance of publicly traded companies that are locally incorporated in Vietnam.

MarketVector Vietnam Local Index is the exclusive property of MarketVector Indexes GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector Indexes GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. The VanEck Vietnam ETF is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH and MarketVector Indexes GmbH makes no representation regarding the advisability of investing in the Fund.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017

FUND TICKER: VNM 800.826.2333 VANECK.COM