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  • Van Eck VIP Multi-Manager Alternatives Fund

  • Ticker:- WWMMA;false;;
  •  

    The Van Eck VIP Multi-Manager Alternatives Fund (formerly Worldwide Absolute Return Fund) seeks to achieve consistent absolute (positive) returns in various market cycles. It pursues its objective by allocating its assets among investment sub-advisers with experience managing various investment strategies, including absolute return strategies, and by investing directly in open- and closed-end funds and ETFs. By allocating its assets across sub-advisers and funds that employ an assortment of investment strategies, the Fund seeks to achieve greater diversification and lower volatility than if it employed a single manager or single strategy. The Fund's benchmark is the HFRX global Hedge Fund (HFRXGL) Index.

  • Fund Details

     

    as of 03/31/14
    Net Assets (Class I) $10.2M Turnover Rate (2013) 255%
    Number of Holdings 352
  • Fund Allocations (%) by Strategy



    Investment Strategy March Allocation (%) Implementation
    Event Driven --
    Capital Structure 15.25 Sub-Adviser: Tiburon
    U.S. Equity 12.26 Sub-Adviser: Coe
    Volatility Arbitrage -- Structured Note
    Fixed Income --
    Global Credit Opportunity 1.02 Sub-Adviser: SW
    Opportunistic High Yield 9.04 Sub-Adviser: Horizon
    Global Macro --
    Managed Futures -- AQR Managed Futures Fund
    Long/Short Equity --
    U.S. Equity 11.14 Sub-Adviser: Millrace
    U.S. Equity 0.04 Sub-Adviser: RiverPark
    Tactical Overlay 19.81 Internally Managed
    Cash/Equivalents 31.44 --
    Total 100.00 --
    Investment Strategy February Allocation (%) Implementation
    Event Driven --
    Capital Structure 15.13 Sub-Adviser: Tiburon
    U.S. Equity 12.10 Sub-Adviser: Coe
    Volatility Arbitrage -- Structured Note
    Fixed Income --
    Global Credit Opportunity 10.62 Sub-Adviser: SW
    Opportunistic High Yield 8.98 Sub-Adviser: Horizon
    Global Macro --
    Managed Futures 7.52 AQR Managed Futures Fund
    Long/Short Equity --
    U.S. Equity 11.05 Sub-Adviser: Millrace
    U.S. Equity 9.84 Sub-Adviser: RiverPark
    Tactical Overlay 10.57 Internally Managed
    Cash/Equivalents 14.19 --
    Total 100.00 --
  • Fund Summary

     

    The Fund seeks to achieve absolute (positive) returns in various market cycles. The Fund's benchmark is the HFRX Global Hedge Fund (HFRXGL) Index.

  • Net Market Exposures (%)

     

    as of 03/31/14
    Equity 32.07
    Fixed Income 2.37
    Futures/Other 0.02
  • Approved Managers and Investment Strategy

     

    as of 03/31/14
    Acorn Derivatives Management Corp Volatility Arbitrage
    Coe Capital Management, LLC Event Driven
    Dix Hills Partners, LLC Discretionary Macro
    Horizon Asset Management, LLC Opportunistic High Yield
    Martingale Asset Management L.P. Long/Short Equity
    Millrace Asset Group, Inc Long/Short Equity
    RiverPark Advisors, LLC Long/Short Equity
    SW Asset Management, LLC Long/Short Fixed Income
    Tiburon Capital Management, LLC Event Driven

  • Important Disclosure 

    For a description of the Fund's investment strategies, please refer to the prospectus.

    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. Because the Fund implements a fund-of-funds strategy, an investor in the Fund will bear the operating expenses of the “Underlying Funds” in which the Fund invests. The total expenses borne by an investor in the Fund will be higher than if the investor invested directly in the Underlying Funds, and the returns may therefore be lower. The Fund, the Sub-Advisers and the Underlying Funds may use aggressive investment strategies, including absolute return strategies, which are riskier than those used by typical mutual funds. If the Fund and Sub-Advisers are unsuccessful in applying these investment strategies, the Fund and you may lose more money than if you had invested in another fund that did not invest aggressively. The Fund is subject to risks associated with the Sub-Advisers making trading decisions independently, investing in other investment companies, using a particular style or set of styles, basing investment decisions on historical relationships and correlations, trading frequently, using leverage, making short sales, being non-diversified and investing in securities with low correlation to the market. Please see the prospectus for information on these and other risk considerations.

    HFRX Global Hedge Fund Index is designed to be representative of the overall composition of the hedge fund universe, and includes convertible arbitrage, distressed securities, equity hedge, equity market neutral, event driven, macro, merger arbitrage, and relative value arbitrage strategies.

    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
     

     

© 2014 Van Eck Securities Corporation. All rights reserved.