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The VanEck 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

 

01/31/21
Net Assets $303.9M P/E (LTM) / P/E (Forward) 26.9/19.4
Number of Holdings 56 P/B (LTM) 2.2
Turnover Rate (2020) 41.6% Average Weighted Market Cap $12.7B

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 (%)

 

01/31/21
United States 63.0
Canada 13.3
South Africa 6.1
Zambia 4.2
Australia 3.3
Chile 2.3
Finland 1.2
Brazil 0.9
Norway 0.8
Russia 0.6
Cayman Islands 0.5
Spain 0.2
Other 0.1
Cash 3.5

Sector Weightings (%)

 

01/31/21
Metals & Mining 34.6
Oil Gas & Consumable Fuels 16.5
Chemicals 8.0
Food Products 6.2
Mortgage Real Estate Investment Trusts (REITs) 4.7
Semiconductors & Semiconductor Equipment 4.6
Electrical Equipment 4.3
Other 17.6
Cash 3.5

Top 10 Holdings (%)

 

01/31/21
Hannon Armstrong Sustainable Infrastructure Capital, Inc. 4.7
SolarEdge Technologies, Inc. 4.6
Freeport-McMoRan, Inc. 4.5
First Quantum Minerals Ltd. 4.2
Sunrun Inc. 4.1
Pioneer Natural Resources Company 3.3
Anglo American plc 3.3
Nutrien Ltd. 2.9
Newmont Corporation 2.9
Agnico Eagle Mines Limited 2.9

View All Holdings

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

Market Capitalization Breakdown

 

01/31/21
Large (>= $10 billion) 59.0
Mid (< $10 billion >= $2 billion) 34.1
Small (< $2 billion) 7.0
Average Weighted Market Cap $12.7B

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