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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

 

08/31/22
Net Assets $16.4M
Turnover Rate (2021) 239.1% Number of Issues 87

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 (%)

 

08/31/22
U.S. Dollar 56.7
South African Rand 5.5
Indonesian Rupiah 4.1
Brazilian Real 3.5
Peruvian New Sol 3.1
Thailand Baht 3.0
Philippines Peso 2.9
Malaysian Ringgit 2.5
Chinese Renminbi 2.4
Zambian Kwacha 2.4
Romanian Leu 2.3
Chilean Peso 1.6
Polish Zloty 1.5
Hungarian Forint 0.9
Czech Koruna 0.8
Uruguay Peso 0.6
Georgia Lari 0.5
Euro 0.5
Uzbekistan Sum 0.4
Armenia Dram 0.1

Top Countries (%)

 

08/31/22
South Africa 7.3
China 6.9
Mexico 5.3
Indonesia 4.8
Thailand 4.1
Peru 4.1
Brazil 3.5
Philippines 2.9
Turkey 2.8
Colombia 2.7
Other 51.2
Cash 4.6

Credit Quality Breakdown (%)

 

08/31/22
AAA 0.0
AA 3.1
A 10.2
BBB 23.6
BB 22.7
B 13.3
CCC 9.4
CC 2.7
C 0.2
NR 9.0
Other 1.1
Cash 4.6
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 (%)

 

08/31/22
View All Holdings

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

Fund Statistics

 

08/31/22
Effective Duration (Years) 4.86
Average Years to Maturity 7.53
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 (%)

 

08/31/22
Sovereign Bond 59.7
Corporate Bond 20.6
Quasi-Sovereign Bond 12.7
Supranational Bond 2.4
Cash 4.6

Regional Weightings (%)

 

08/31/22
Asia 33.1
Latin America 27.0
Africa 16.3
EU Europe 7.1
Non-EU Europe 4.2
North America 2.4
Other 5.3
Cash 4.6