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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


Net Assets $16.5M
Turnover Rate (2022) 249.6 Number of Issues 110

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 (%)


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 (%)


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 (%)


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
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 (%)


View All Holdings

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

Fund Statistics


Effective Duration (Years) 5.01
Average Years to Maturity 7.83
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 (%)


Sovereign Bond 71.0
Corporate Bond 17.7
Quasi-Sovereign Bond 6.1
Supranational Bond 0.8
Cash 4.3

Regional Weightings (%)


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