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WWBD

VanEck VIP Emerging Markets Bond Fund

As of September 30, 2024

Fund Details

Net Assets $18.1M
Number of Issues 109
Benchmark Index 50% GBI-EM/50% EMBI
Inception Date 09/01/89
CUSIP 921082509

30-Day SEC Yield (%)

Class I 6.50%

30-Day SEC Yield is a standard calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund’s expenses for the period. Some statistics do not take into account fees and expenses associated with investments or the Fund. In the absence of temporary fee waivers, the 30-Day SEC Yield for 09/30/24 would have been 5.62%

Fund Expense Ratios

Class Gross Net
I 1.98% 1.13%
Expenses are capped contractually until 05/01/25 at 1.10% for Class I. Caps excluding acquired fund fees and expenses, interest, trading, dividends, and interest payments of securities sold short, taxes, and extraordinary expenses.

Fund Description

The VanEck VIP Emerging Markets Bond Fund (the “Fund”) seeks total return, consisting of income and capital appreciation. The Fund can invest in debt securities that are issued by governments, quasi-government entities or corporations in emerging market countries. These securities may be denominated in any currency, including those of emerging markets. The Fund’s benchmark (“the Index”) is a blended index consisting of 50% J.P Morgan Emerging Markets Bond Index (EMBI) Global Diversified and 50% J.P. Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversified.

Performance History: Average Annual Total Returns* (%) (In USD)

Month End as of September 30, 2024 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
Class I: NAV (Inception 09/01/89) 3.21 7.69 8.12 17.02 3.24 4.07 2.03 --
50% GBI-EM/50% EMBI 2.62 7.57 6.80 16.02 0.15 0.78 1.98 --
Quarter End as of June 30, 2024 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
Class I: NAV (Inception 09/01/89) 0.39 0.53 0.39 5.07 -0.19 2.20 1.04 --
50% GBI-EM/50% EMBI -0.23 -0.66 -0.72 4.91 -2.88 -0.61 0.91 --

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Performance may be lower or higher than performance data quoted.

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. Investors should not expect to buy or sell shares at NAV.

The Fund is only available through variable annuity and variable life insurance products.


 

WWBD

VanEck VIP Emerging Markets Bond Fund

As of September 30, 2024

Regional Weightings

Region % of Net Assets
Asia 34.5
Latin America 32.4
Africa 14.8
EU Europe 11.2
Non-EU Europe 1.3
Other 1.4
Cash 4.4

Portfolio Weightings

Bond Type % of Net Assets
Sovereign Bond 80.1
Corporate Bond 13.6
Quasi-Sovereign Bond 1.9
Cash 4.4

Quasi-Sovereign Bonds are defined by VanEck as public sector entities or corporations whose debt can be explicitly or implicitly guaranteed by a sovereign government.

Country Weightings

Country Currency % of Net Assets
Mexico Hard & Local 7.4
South Africa Hard & Local 7.2
Thailand Hard & Local 6.2
Indonesia Hard & Local 5.7
China Hard 5.5
Malaysia Local 5.4
Brazil Local 5.3
Colombia Hard & Local 3.6
Peru Hard & Local 3.4
Chile Hard & Local 3.0
Other -- 42.8
Cash -- 4.4

Credit Quality Breakdown

Composite Rating % of Net Assets
AAA 0.3
AA 4.9
A 9.7
BBB 28.3
BB 20.8
B 11.1
CCC 4.6
CC 2.9
C 0.0
NR 12.4
Other 0.7
Cash 4.4
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Gross Currency Exposure

Sector % of Net Assets
U.S. Dollar 35.8
Mexican Peso 7.4
South African Rand 6.2
Thailand Baht 5.5
Malaysian Ringgit 5.4
Brazilian Real 5.3
Indonesian Rupiah 5.1
Polish Zloty 2.9
Philippines Peso 2.9
Turkish Lira 2.6
Czech Koruna 2.5
Colombian Peso 2.5
Peruvian New Sol 2.4
Chilean Peso 2.0
Hungarian Forint 1.8
Zambian Kwacha 1.8
Euro 1.3
South Korean Won 1.0
Ugandan Shilling 0.5
Uruguay Peso 0.5
Singapore Dollar 0.3

Fund Statistics

Effective Duration (Years) 6.58
Average Years to Maturity 11.47
Effective duration takes into account that expected cash flows will fluctuate as interest rates change. Average years to maturity is the average amount of time until the bonds mature.

All indices are unmanaged and include the reinvestment of all dividends, but do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Indices are not securities in which investments can be made. The Fund's benchmark index (50% GBI-EM/50% EMBI) is a blended index consisting of 50% J.P. Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversify and 50% J.P. Morgan Emerging Markets Bond Index (EMBI). The J.P. Morgan GBI-EM Global Diversified tracks local currency bonds issued by Emerging Markets governments. The J.P. Morgan EMBI Global Diversified tracks returns for actively traded external debt instruments in emerging markets, and is also J.P. Morgan’s most liquid U.S-dollar emerging markets debt benchmark. Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The index may not be copied, used or distributed without J.P. Morgan’s written approval. Copyright 2023, J.P. Morgan Chase & Co. All rights reserved.

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 cannot invest directly in the Index. Index returns assume that dividends have been reinvested.

You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to risks which may include, but are not limited to, risks associated with active management, credit, credit-linked notes, currency management strategies, derivatives, emerging market issuers, energy sector, ESG investing strategy, foreign currency, foreign securities, hedging, high portfolio turnover, high yield securities, interest rate, LIBOR replacement, market, non-diversified, operational, restricted securities, investing in other funds, sovereign bond and special risk considerations of investing in Latin American issuers, all of which may adversely affect the Fund. Emerging 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. Derivatives may involve certain costs and risks such as liquidity, interest rate, and the risk that a position could not be closed when most advantageous.

The Fund is only available as an option under various insurance contracts issued by life insurance and annuity companies. These contracts offer life and tax benefits to the beneficial owners of the Fund. The insurance or annuity company charges, fees and expenses for these benefits are not included in Fund performance. A review of the particular life and/or annuity contract will provide you with much greater detail regarding these costs and benefits.

The Fund is not available directly to the general public. For more complete information on variable life/annuity products, including all charges and expenses, please obtain a prospectus from a licensed insurance agent/registered representative. The prospectus includes information about the investment objective, risks and charges and expenses. Please read the prospectus carefully before investing.

FINANCIAL PROFESSIONALS ONLY. Not for use with the general public. This material is for financial professional use only and has not been reviewed by FINRA. If this material is distributed outside of your firm, you are responsible for ensuring that the distribution complies with applicable laws, rules and regulations.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation, 666 Third Avenue, New York, NY 100017

All indices are unmanaged and include the reinvestment of all dividends, but do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Indices are not securities in which investments can be made. The Fund's benchmark index (50% GBI-EM/50% EMBI) is a blended index consisting of 50% J.P. Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversify and 50% J.P. Morgan Emerging Markets Bond Index (EMBI). The J.P. Morgan GBI-EM Global Diversified tracks local currency bonds issued by Emerging Markets governments. The J.P. Morgan EMBI Global Diversified tracks returns for actively traded external debt instruments in emerging markets, and is also J.P. Morgan’s most liquid U.S-dollar emerging markets debt benchmark. Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The index may not be copied, used or distributed without J.P. Morgan’s written approval. Copyright 2014, J.P. Morgan Chase & Co. All rights reserved. Indices are unmanaged and are not securities in which investements can be made.

You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to risks associated with its investments in below investment grade securities, credit, credit-linked notes, currency management strategies, debt securities, derivatives, emerging market securities, foreign currency transactions, foreign securities, hedging, other investment companies, Latin American issuers, management, market, non-diversification, operational, portfolio turnover, restricted securities, energy sector, sectors and sovereign bond risks. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. As the Fund may invest in securities denominated in foreign currencies and some of the income received by the Fund will be in foreign currencies, changes in currency exchange rates may negatively impact the Fund’s return. Derivatives may involve certain costs and risks such as liquidity, interest rate, and the risk that a position could not be closed when most advantageous. The Fund may also be subject to risks associated with non-investment grade securities.

The Fund is only available as an option under various insurance contracts issued by life insurance and annuity companies. These contracts offer life and tax benefits to the beneficial owners of the Fund. The insurance or annuity company charges, fees and expenses for these benefits are not included in Fund performance. A review of the particular life and/or annuity contract will provide you with much greater detail regarding these costs and benefits.

The Fund is not available directly to the general public. For more complete information on variable life/annuity products, including all charges and expenses, please obtain a prospectus from a licensed insurance agent/registered representative. The prospectus includes information about the investment objective, risks and charges and expenses. Please read the prospectus carefully before investing.  

FINANCIAL PROFESSIONALS ONLY. Not for use with the general public. This material is for financial professional use only and has not been reviewed by FINRA. If this material is distributed outside of your firm, you are responsible for ensuring that the distribution complies with applicable laws, rules and regulations.

Van Eck Securities Corporation, Distributor, 666 Third Avenue, New York, NY 100017

800.826.2333 VANECK.COM