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VanEck VIP Emerging Markets Bond Fund*

 

The VanEck VIP Emerging Markets Bond Fund can invest in debt securities that are issued by governments, quasi-government entities or corporations in emerging markets countries. These securities may be denominated in any currency, including those of emerging markets. By investing in emerging markets debt securities, the Fund offers exposure to emerging markets fundamentals, generally characterized by lower debts and deficits, higher growth rates and independent central banks. Lead Portfolio Manager, Eric Fine, has over 25 years of experience in emerging markets.

 

Fund Details

 

05/31/22
Net Assets $16.9M
Turnover Rate (2021) 239.1% Number of Issues 88

Fund Summary

 

The Fund seeks high total return — income plus capital appreciation — by investing globally, primarily in a variety of debt securities. The Fund's benchmark is 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.

Gross Currency Exposure (%)

 

05/31/22
U.S. Dollar 76.0
Indonesian Rupiah 4.1
Philippines Peso 2.7
Zambian Kwacha 2.6
Mexican Peso 2.1
Czech Koruna 1.8
Peruvian New Sol 1.8
Kazakhstan Tenge 1.5
Polish Zloty 1.4
Hungarian Forint 0.9
Uruguay Peso 0.7
Georgia Lari 0.5
Uzbekistan Sum 0.4
Armenia Dram 0.1

Top Countries (%)

 

05/31/22
Mexico 9.9
Indonesia 4.8
Malaysia 4.5
Colombia 4.3
Brazil 4.2
Saudi Arabia 4.0
Peru 3.9
Ukraine 3.1
South Africa 2.9
Ecuador 2.8
Other 52.2
Cash 3.6

Credit Quality Breakdown (%)

 

05/31/22
AAA 0.0
AA 7.8
A 12.9
BBB 27.1
BB 21.1
B 13.0
CCC 7.8
CC 4.3
C 0.2
NR 1.1
Other 1.2
Cash 3.6
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.

All Holdings (%)

 

05/31/22
View All Holdings

These are not recommendations to buy or sell any security. Sectors and holdings may vary.

Fund Statistics

 

05/31/22
Effective Duration (Years) 7.93
Average Years to Maturity 14.83
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.

Portfolio Weightings (%)

 

05/31/22
Sovereign Bond 67.5
Corporate Bond 16.7
Quasi-Sovereign Bond 12.2
Cash 3.6

Regional Weightings (%)

 

05/31/22
Asia 37.8
Latin America 33.2
Africa 9.4
EU Europe 7.8
Non-EU Europe 6.7
Other 1.6
Cash 3.6