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VanEck VIP Emerging Markets Bond Fund*

 

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

 

09/30/2024
Net Assets $18.1M
Turnover Rate (2022) 249.6 Number of Issues 109

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 (%)

 

09/30/2024
U.S. Dollar 35.8
Mexican Peso 7.4
South African Rand 6.2
Thailand Baht 5.5
Malaysian Ringgit 5.4
Brazilian Real 5.3
Indonesian Rupiah 5.1
Polish Zloty 2.9
Philippines Peso 2.9
Turkish Lira 2.6
Czech Koruna 2.5
Colombian Peso 2.5
Peruvian New Sol 2.4
Chilean Peso 2.0
Hungarian Forint 1.8
Zambian Kwacha 1.8
Euro 1.3
South Korean Won 1.0
Ugandan Shilling 0.5
Uruguay Peso 0.5
Singapore Dollar 0.3

Top Countries (%)

 

09/30/2024
Mexico 7.4
South Africa 7.2
Thailand 6.2
Indonesia 5.7
China 5.5
Malaysia 5.4
Brazil 5.3
Colombia 3.6
Peru 3.4
Chile 3.0
Other 42.8
Cash 4.4

Credit Quality Breakdown (%)

 

09/30/2024
AAA 0.3
AA 4.9
A 9.7
BBB 28.3
BB 20.8
B 11.1
CCC 4.6
CC 2.9
C 0.0
NR 12.4
Other 0.7
Cash 4.4
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 (%)

 

09/30/2024
View All Holdings

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

Fund Statistics

 

09/30/2024
Effective Duration (Years) 6.58
Average Years to Maturity 11.47
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 (%)

 

09/30/2024
Sovereign Bond 80.1
Corporate Bond 13.6
Quasi-Sovereign Bond 1.9
Cash 4.4

Regional Weightings (%)

 

09/30/2024
Asia 34.5
Latin America 32.4
Africa 14.8
EU Europe 11.2
Non-EU Europe 1.3
Other 1.4
Cash 4.4