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VanEck VIP Emerging Markets Bond Fund*

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The VanEck VIP Emerging Markets Bond Fund can invest in debt securities that are issued by governments, quasi-government entities or corporations in emerging markets countries. These securities may be denominated in any currency, including those of emerging markets. By investing in emerging markets debt securities, the Fund offers exposure to emerging markets fundamentals, generally characterized by lower debts and deficits, higher growth rates and independent central banks. Lead Portfolio Manager, Eric Fine, has over 25 years of experience in emerging markets.

 

Fund Details

 

03/31/21
Net Assets $19.2M    
Turnover Rate (2020) 233.1% Number of Issues 67

Fund Summary

 

The Fund seeks high total return — income plus capital appreciation — by investing globally, primarily in a variety of debt securities. The Fund's benchmark is 50% J.P Morgan Emerging Markets Bond Index (EMBI) Global Diversified and 50% J.P. Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversified.

Gross Currency Exposure (%)

 

03/31/21
U.S. Dollar 49.7
Chinese Renminbi 7.1
South African Rand 6.0
Mexican Peso 5.3
Indonesian Rupiah 5.0
Colombian Peso 5.0
Chilean Peso 4.5
Malaysian Ringgit 4.1
Philippines Peso 3.5
Czech Koruna 1.9
Polish Zloty 1.8
Israeli Shekel 1.5
Dominican Rep. Peso 1.5
Romanian Leu 1.0
Hungarian Forint 0.9
Thailand Baht 0.7
Uruguay Peso 0.5

Top Countries (%)

 

03/31/21
China 9.8
Mexico 9.1
South Africa 6.0
Indonesia 5.0
Colombia 5.0
Chile 4.5
Malaysia 4.1
Philippines 3.5
Suriname 3.2
Ecuador 2.6
Other EM 47.1
Cash 0.1
    

Credit Quality Breakdown (%)

 

03/31/21
AAA 0.0
AA 9.7
A 11.5
BBB 31.2
BB 15.0
B 22.1
CCC 7.2
CC 0.0
C 0.0
NR 0.0
Other 3.2
Cash 0.1
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

All Holdings (%)

 

01/31/21

View All Holdings

These are not recommendations to buy or sell any security. Sectors and holdings may vary.

Fund Statistics

 

03/31/21
Effective Duration (Years) 2.57
Average Years to Maturity 8.32
Effective duration takes into account that expected cash flows will fluctuate as interest rates change. Average years to maturity is the average amount of time until the bonds mature.

Portfolio Weightings (%)

 

03/31/21
Sovereign Bond 70.6
Corporate Bond 19.8
Quasi-Sovereign Bond 9.5
Cash 0.1

Regional Weightings (%)

 

03/31/21
Asia 38.7
Latin America 36.7
Africa 14.0
EU Europe 7.3
Non-EU Europe 3.2
Cash 0.1