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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

 

12/31/22
Net Assets $102.5M P/E (LTM) /P/E (Forward)* 13.9/13.7
Number of Holdings 84 P/B (LTM)* 2.4
Turnover Rate (2021) 19.8% Average Weighted Market Cap $12.2B

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

 

12/31/22
China 29.7
India 15.0
Taiwan Region 9.2
Brazil 7.7
South Korea 7.0
Turkey 5.5
Philippines 3.8
Georgia 3.3
Argentina 2.8
Mexico 2.7
Kazakhstan 2.2
Egypt 1.8
Other 8.1
Cash 1.2

Sector Weightings (%)

 

12/31/22
Financials 21.5
Consumer Discretionary 20.7
Information Technology 14.4
Industrials 13.4
Health Care 9.1
Energy 6.0
Materials 4.5
Real Estate 3.7
Communication Services 3.2
Consumer Staples 1.9
Utilities 0.4
Cash 1.2

Top 10 Holdings (%)

 

12/31/22
Reliance Industries Limited 5.4
HDFC Bank Limited 5.1
Taiwan Semiconductor Manufacturing Co., Ltd. 4.8
Prosus N.V. Class N 4.4
China Education Group Holdings Limited 3.6
Samsung Electronics Co Ltd Pfd Non-Voting 3.2
International Container Terminal Services, Inc. 3.0
MLP Saglik Hizmetleri AS Class B 3.0
MercadoLibre, Inc. 2.8
Bank of Georgia Group Plc 2.7

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

Market Capitalization Breakdown

 

12/31/22
Large (>= $10 billion) 49.7
Mid (< $10 billion >= $2 billion) 27.5
Small (< $2 billion) 22.8
Average Weighted Market Cap $12.2B

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