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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

 

01/31/2024
Net Assets $16.8M
Turnover Rate (2022) 249.6 Number of Issues 100

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 (%)

 

01/31/2024
U.S. Dollar 42.5
Brazilian Real 6.4
Mexican Peso 4.9
Polish Zloty 4.7
Malaysian Ringgit 4.6
Indonesian Rupiah 4.1
Peruvian New Sol 3.9
Chilean Peso 3.6
Colombian Peso 3.6
Czech Koruna 2.9
Philippines Peso 2.5
Hungarian Forint 2.5
Uruguay Peso 2.3
Zambian Kwacha 1.8
Euro 1.8
Sri Lankan Rupee 1.6
Dominican Rep. Peso 1.5
South Korean Won 1.0
Turkish Lira 1.0
Ugandan Shilling 0.5

Top Countries (%)

 

01/31/2024
Mexico 9.6
Brazil 7.8
China 5.4
Colombia 4.8
Indonesia 4.8
Poland 4.7
Malaysia 4.6
Peru 3.9
Chile 3.6
Czech Republic 2.9
Other 45.8
Cash 2.1

Credit Quality Breakdown (%)

 

01/31/2024
AAA 0.0
AA 5.3
A 7.7
BBB 27.4
BB 22.0
B 7.4
CCC 4.1
CC 1.8
C 0.0
NR 22.2
Other 0.0
Cash 2.1
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 (%)

 

01/31/2024
View All Holdings

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

Fund Statistics

 

01/31/2024
Effective Duration (Years) 5.68
Average Years to Maturity 8.85
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 (%)

 

01/31/2024
Sovereign Bond 75.5
Corporate Bond 19.7
Quasi-Sovereign Bond 1.9
Supranational Bond 0.7
Cash 2.1

Regional Weightings (%)

 

01/31/2024
Latin America 37.1
Asia 32.6
Africa 12.1
EU Europe 11.8
Non-EU Europe 2.8
North America 1.1
Other 0.5
Cash 2.1