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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

 

08/31/22
Net Assets $386.0M P/E (LTM) / P/E (Forward) 9.8/7.9
Number of Holdings 68 P/B (LTM) 2.0
Turnover Rate (2021) 26.8% Average Weighted Market Cap $21.1B

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 North American Natural Resources Index (SPGINRTR) and the S&P 500 Index.

Country Weightings (%)

 

08/31/22
United States 67.5
Canada 6.5
Norway 3.7
South Africa 3.5
Switzerland 2.9
Brazil 2.4
Zambia 2.4
United Kingdom 1.7
Cayman Islands 1.4
Italy 1.2
Spain 1.1
Netherlands 1.0
Finland 0.6
Australia 0.6
Turkey 0.3
Cash 3.2

Sector Weightings (%)

 

08/31/22
Oil & Gas 43.4
Agriculture 14.9
Renewables & Alternatives 13.8
Base & Industrial Metals 13.2
Gold & Precious Metals 7.5
Industrials & Utilities 3.9
Cash 3.2

Top 10 Holdings (%)

 

08/31/22
Devon Energy Corporation 3.9
EQT Corporation 3.7
Equinor ASA 3.7
Coterra Energy Inc. 3.6
SolarEdge Technologies, Inc. 3.5
Valero Energy Corporation 3.5
Pioneer Natural Resources Company 3.4
Nutrien Ltd. 3.4
ConocoPhillips 3.0
Diamondback Energy, Inc. 2.9

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

Market Capitalization Breakdown

 

08/31/22
Large (>= $10 billion) 77.4
Mid (< $10 billion >= $2 billion) 18.8
Small (< $2 billion) 3.8
Average Weighted Market Cap $21.1B

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