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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
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04/30/2024
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| Net Assets | $16.5M | ||
| Turnover Rate (2022) | 249.6 | Number of Issues | 110 |
Fund Summary
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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 (%)
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04/30/2024
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| U.S. Dollar | 47.0 |
| Brazilian Real | 7.2 |
| Chilean Peso | 4.2 |
| Mexican Peso | 4.0 |
| Indonesian Rupiah | 3.9 |
| Peruvian New Sol | 3.9 |
| South African Rand | 3.1 |
| Philippines Peso | 3.0 |
| Czech Koruna | 2.8 |
| Polish Zloty | 2.5 |
| Hungarian Forint | 2.4 |
| Zambian Kwacha | 2.0 |
| Euro | 1.8 |
| Colombian Peso | 1.7 |
| Turkish Lira | 1.6 |
| Dominican Rep. Peso | 1.5 |
| Singapore Dollar | 1.2 |
| Uruguay Peso | 1.0 |
| Kenyan Shilling | 0.6 |
| Ugandan Shilling | 0.5 |
| Taiwan Dollar | 0.0 |
Top Countries (%)
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04/30/2024
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| Mexico | 8.7 |
| Brazil | 8.6 |
| Indonesia | 4.6 |
| Chile | 4.2 |
| South Africa | 4.1 |
| Peru | 3.9 |
| Philippines | 3.0 |
| China | 2.9 |
| Poland | 2.9 |
| Colombia | 2.9 |
| Other | 49.9 |
| Cash | 4.3 |
Credit Quality Breakdown (%)
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04/30/2024
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| AAA | 1.2 |
| AA | 5.1 |
| A | 9.2 |
| BBB | 26.4 |
| BB | 24.0 |
| B | 9.0 |
| CCC | 4.7 |
| CC | 2.5 |
| C | 0.0 |
| NR | 13.2 |
| Other | 0.4 |
| Cash | 4.3 |
All Holdings (%)
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04/30/2024
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These are not recommendations to buy or sell any security. Sectors and holdings may vary.
Fund Statistics
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04/30/2024
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| Effective Duration (Years) | 5.01 |
| Average Years to Maturity | 7.83 |
Portfolio Weightings (%)
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04/30/2024
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| Sovereign Bond | 71.0 |
| Corporate Bond | 17.7 |
| Quasi-Sovereign Bond | 6.1 |
| Supranational Bond | 0.8 |
| Cash | 4.3 |
Regional Weightings (%)
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04/30/2024
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| Latin America | 38.6 |
| Asia | 27.8 |
| Africa | 12.2 |
| EU Europe | 10.9 |
| Non-EU Europe | 1.8 |
| North America | 1.1 |
| Other | 0.5 |
| Cash | 7.1 |