SEARCH
 

LANGUAGE
  CONTACT US
Van Eck Global - Since 1955

Insurance Funds

Fund Related
Links



Financial
Professional Access
access exclusive materials including videos, sales ideas and conference calls
 
 

Register now

Forgot Password?

 

  • 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.

    Van Eck VIP Multi-Manager Alternatives Fund Information Statement, January 2012
     

  • Fund Details

     

    as of 12/31/2011
    Net Assets (Class I) $9.0M Turnover Rate (2010) 334%
    Number of Holdings 325

  • Fund Allocations (%) by Strategy

     

    Investment Strategy 4Q 2011 Allocation 3Q 2011 Allocation Implementation
    Arbitrage
    Blended Arbitrage 6.32% 6.39% AQR Diversified Arbitrage Fund
    Market Neutral 7.04% 6.81% TFS Market Neutral Fund
    Volatility Arbitrage 5.08% 0.86% Structured Note
    Volatility Arbitrage 5.32% 7.84% Sub-Adviser: Acorn
    Long/Short
    Emerging Markets 3.73% 7.48% ETFs, Other Securities
    Event Driven 6.45% -- Sub-Adviser: Tiburon
    Event Driven 9.18% 8.42% Sub-Adviser: Coe
    U.S Equity 7.39% 8.24% Sub-Adviser: Millrace
    U.S Equity 5.37% 8.32% Sub-Adviser: Primary
    Fixed Income 9.76% 11.94% Sub-Adviser: Medley
    Fixed Income 5.46% 2.03% Loomis Sales Bond Fund
    Global Macro
    Discretionary Macro 5.66% 3.18% Marketfield Fund
    Systematic Macro 11.59% 11.77% UCITS Fund: Statistical Value
    Tactical Overlay 3.00% 1.99% ETFs, Other Securities
    Cash/Equivalents 8.64% 13.67%
    Total 100% 100%

  • 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.

  • Market Exposures (%)

     

    as of 12/31/2011
    Long Positions 67.49%
    Short Positions 33.23%
    Net Exposure 34.26%

  • Approved Managers and Investment Strategy

     

    as of 12/31/2011
    Acorn Derivatives Management Corp. Volatitlity Arbitrage
    Coe Capital Management, LLC L/S Event Driven
    Dix Hills Partners, LLC Discretionary Macro
    Lazard Asset Mgmt. LLC Discretionary Macro
    Martingale Asset Mgmt L.P. L/S Equity
    Medley Credit Strategies LLC L/S (Fundamental) Fixed Income
    Millrace Asset Group, Inc. L/S Equity
    PanAgora Asset Mgmt, Inc. L/S (Quantitative) Fixed Income
    Primary Funds, LLC L/S Equity
    Tiburon Capital Management, LLC L/S Event Driven

  • NAV History (Class I)

     

    as of 12/31/2011
    12-Month High (01/12/11) $10.20
    12-Month Low (11/25/11) $9.57
    Quarter End 4Q11 $9.76

     

  • 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