Van Eck Global - Since 1955

Van Eck VIP Global Hard Assets Fund

  • Van Eck VIP Global Hard Assets Fund

  • Ticker:- WWHA;false;;
  •  

    The Van Eck VIP Global Hard Assets Fund offers exposure to energy, precious and base metals, timber, agriculture, alternative energy and other hard assets. 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

     

    as of 10/31/14
    Net Assets $422.0M P/E (LTM) / P/E (Forward) 15.0/15.8
    Number of Holdings 59 P/B (LTM) 1.6
    Turnover Rate (2013) 31% Average Weighted Market Cap $13.4B
  • Fund Summary

     

    The Fund seeks long-term capital appreciation through investments in stocks of companies involved in the exploration, production and distribution of hard assets 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 (%)

     

    as of 10/31/14
    United States 72.3
    Canada 7.1
    Switzerland 5.9
    Zambia 2.7
    Kuwait 1.7
    United Kingdom 1.7
    Norway 1.6
    Nigeria 0.9
    Tanzania 0.6
    Marshall Islands 0.3
    Cash 5.1

  • Sector Weightings (%)

     

    as of 10/31/14
    Oil, Gas & Consumable Fuels 46.1
    Metals & Mining 21.3
    Energy Equipment & Services 20.7
    Unclassified 1.7
    Machinery 1.7
    Chemicals 1.6
    Paper & Forest Products 1.4
    Trading Companies & Distributors 0.3
    [Cash] 5.1
    Total 100.0
  • Top Ten Holdings (%)

     

    as of 10/31/14
    Glencore plc 5.3
    Schlumberger NV. 4.4
    Pioneer Natural Resources Company 4.0
    Halliburton Company 3.9
    CONSOL Energy Inc. 3.9
    Cimarex Energy Co. 3.8
    Concho Resources Inc. 3.7
    Anadarko Petroleum Corporation 3.7
    EOG Resources, Inc. 3.1
    Marathon Oil Corporation 2.8
    Subtotal 38.6

    View All Holdings

    These are not recommendations to buy or sell any security. Sectors and holdings may vary.
  • Market Capitalization (Cap) Breakdown

     

    as of 10/31/14
    Large (≥ $10 billion) 53.5%
    Mid (< $10 billion ≥ $2 billion) 43.0%
    Small (< $2 billion) 3.5%
    Average Weighted Market Cap $13.4B
  • Important Disclosure 

    You can lose money by investing in the Fund. Any investment in the Fund should be considered part of an overall investment program, not a complete program. The Fund is subject to risks associated with concentrating its investments in hard assets and the hard assets sector, including real estate, precious metals and natural resources, and can be significantly affected by events relating to these industries, including international political and economic developments, inflation, and other factors. The Fund’s portfolio securities may experience substantial price fluctuations as a result of these factors, and may move independently of the trends of industrialized companies. The Fund’s investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, including the takeover of property without adequate compensation or imposition of prohibitive taxation. The Fund is subject to risks associated with investments in debt securities, derivatives, commodity-linked instruments, illiquid securities, asset-backed securities and CMOs. The Fund is also subject to inflation risk, short-sales risk, market risk, non-diversification risk, leverage risk, credit risk and counterparty risk. Please see the prospectus for information on these and other risk considerations.

    The S&P North American Natural Resources Sector Index (SPGINRTR) includes mining, energy, paper and forest products, and plantation-owning companies. The S&P 500 Index, calculated with dividends reinvested, consists of 500 leading companies in leading industries of the U.S. economy.

    Indices are unmanaged and are not securities in which investments can be made.

    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. 

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor