Skip directly to Accessibility Notice

VanEck VIP Global Resources Fund

 

The VanEck VIP Global Resources Fund offers exposure to energy, precious and base metals, timber, agriculture, alternative energy and other resources. It does this through the use of equities and commodity-linked derivative instruments. The Fund provides potential diversification benefits through low correlations to traditional asset classes and may enhance the risk-return profile of a more traditional stock and bond portfolio. It is managed by a dedicated team of investment professionals, among the industry’s largest, including three trained geologists and senior sector analysts who are well-versed in their respective fields.

Fund Details

 

04/30/2024
Net Assets $308.7M P/E (LTM) /P/E (Forward)* 13.9/13.1
Number of Holdings 70 P/B (LTM)* 1.7
Turnover Rate (2022) 43.2% Average Weighted Market Cap $26.0B

Fund Summary

 

The Fund seeks long-term capital appreciation through investments in stocks of companies involved in the exploration, production and distribution of resources and in other commodity-linked instruments. The Fund's benchmarks are the S&P Global Natural Resources (SPGNRUT) and the S&P 500 Index.

Country Weightings

 

04/30/2024
United States 54.1
Canada 15.1
United Kingdom 8.2
Australia 4.8
France 3.3
Brazil 2.8
China 2.3
Italy 2.1
Netherlands 1.9
South Africa 1.0
Turkey 0.9
Zambia 0.7
Liechtenstein 0.5
Spain 0.5
Cash 1.7

Sector Weightings (%)

 

04/30/2024
Oil & Gas 39.2
Base & Industrial Metals 19.3
Agriculture 17.4
Gold & Precious Metals 12.0
Renewables & Alternatives 5.4
Industrials & Utilities 4.0
Paper & Forest 1.0
Cash 1.7

Top 10 Holdings (%)

 

04/30/2024
Freeport-McMoRan, Inc. 3.7
Shell Plc 3.4
Exxon Mobil Corporation 3.3
Glencore plc 3.2
Valero Energy Corporation 2.8
BP p.l.c. 2.5
PetroChina Company Limited Class H 2.3
Kirby Corporation 2.3
Diamondback Energy, Inc. 2.2
Pilgrim's Pride Corporation 2.2

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

Market Capitalization Breakdown

 

04/30/2024
Large (>= $10 billion) 72.4
Mid (< $10 billion >= $2 billion) 25.9
Small (< $2 billion) 1.7
Average Weighted Market Cap $26.0B

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