VanEck Indonesia Index ETF
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- VanEck Indonesia Index ETF (IDX) is an exchange-traded fund that seeks to replicate the price and yield performance of the MVIS Indonesia Index, a market cap-weighted index comprising the largest and most liquid publicly traded companies in Indonesia. The ETF provides diversified exposure primarily to Indonesian equities across financials (approximately 26%), materials (21%), energy (15%), communication services, consumer staples, utilities, industrials, and other sectors; top holdings include PT Bank Central Asia Tbk (BBCA IJ, 7.4%), PT Bank Mandiri (Persero) Tbk (BMRI IJ, 7.1%), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI IJ, 6.9%), PT Telkom Indonesia (Persero) Tbk (TLK US, 6.1%), PT Dian Swastatika Sentosa Tbk (DSSA IJ, 6.1%), PT Barito Renewables Energy Tbk (BREN IJ, 5.7%), PT Astra International Tbk (ASII IJ, 5.4%), and others, with individual constituent weights capped at 8% to mitigate concentration risk. It targets investors seeking pure-play access to Indonesia, Southeast Asia's largest economy with favorable demographics (over 40% of the population under age 25), requiring index companies to be incorporated in Indonesia or derive at least 50% of revenues or assets from the country; country weightings are dominated by Indonesia (83%), with minor allocations to China, Singapore, Thailand, and others. Launched on January 15, 2009 and issued by VanEck ETF Trust, a product of global investment manager VanEck headquartered at 666 Third Avenue, New York, NY, the ETF trades on the NYSE Arca exchange with a net expense ratio of 0.57% and total net assets of approximately $55 million as of December 2025. Geographically, IDX focuses exclusively on Indonesian market exposure while listed and accessible to U.S. and international investors through VanEck's global platform spanning North America, Europe, Asia-Pacific, and Latin America. The fund distributes annual dividends, with the latest ex-date on December 23, 2024, paying $0.59 per share, yielding around 3.5%. In recent developments, IDX has benefited from Indonesia's strengthening external accounts through labor reforms and mineral export value chain advancements, alongside broader ASEAN economic resilience amid global supply chain diversification; no major acquisitions, partnerships, funding rounds, or structural changes specific to IDX were reported in 2024-2025, though VanEck executed portfolio adjustments across its ETF lineup, including a 5-for-1 forward stock split for the unrelated VanEck Environmental Services ETF (EVX) effective February 2025 and closures of other non-IDX products. The ETF maintained steady operations amid U.S.-Indonesia trade framework discussions, including tariff reductions on over 99% of bilateral trade, enhancing Indonesia's export outlook for IDX constituents in commodities, manufacturing, and consumer sectors. IDX continues to position as a cost-effective alternative for Southeast Asian equity exposure, with year-to-date returns of 13.5% as of December 17, 2025.