VNIE

VNIE typically holds a portfolio of 4060 securities, focusing on international equities, including emerging markets. The selection process emphasizes companies with strong fundamentals such as healthy cash flow, low debt, and high returns on assets and equity. Positions are generally limited to around 7% of assets to ensure diversification across industries and countries. The fund employs bottom-up analysis to identify high-quality, stable companies that are attractively valued relative to their long-term earnings potential. ESG factors are central, securities involved in controversial activities or with poor ESG practices are excluded, and holdings are regularly reviewed and rebalanced based on company performance, valuation, and ESG considerations. The goal is to achieve long-term capital appreciation by investing in well-managed, financially sound companies with promising long-term growth prospects.