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VanEck VIP Global Resources Fund

 

The VanEck VIP Global Resources Fund offers exposure to energy, precious and base metals, timber, agriculture, alternative energy and other resources. 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

 

08/31/2023
Net Assets $330.0M P/E (LTM) /P/E (Forward)* 9.4/11.9
Number of Holdings 72 P/B (LTM)* 1.7
Turnover Rate (2022) 53.7% Average Weighted Market Cap $20.3B

Fund Summary

 

The Fund seeks long-term capital appreciation through investments in stocks of companies involved in the exploration, production and distribution of resources and in other commodity-linked instruments. The Fund's benchmarks are the S&P Global Natural Resources (SPGNRUT) and the S&P 500 Index.

Country Weightings

 

08/31/2023
United States 51.0
Canada 9.3
United Kingdom 8.8
Italy 3.9
Zambia 3.8
Switzerland 3.5
Brazil 2.7
Spain 2.1
Australia 1.8
Norway 1.6
China 1.5
Netherlands 1.4
Ghana 1.0
France 0.9
Bermuda 0.8
Cayman Islands 0.7
Turkey 0.6
Finland 0.5
Cash 4.1

Sector Weightings (%)

 

08/31/2023
Oil & Gas 46.5
Base & Industrial Metals 16.0
Agriculture 11.7
Gold & Precious Metals 10.6
Renewables & Alternatives 7.2
Industrials & Utilities 3.9
Cash 4.1

Top 10 Holdings (%)

 

08/31/2023
Valero Energy Corporation 4.2
First Quantum Minerals Ltd. 3.8
Glencore plc 3.5
Bunge Limited 3.4
Hess Corporation 3.2
Shell Plc 3.0
ConocoPhillips 2.7
TechnipFMC plc 2.7
Freeport-McMoRan, Inc. 2.6
Vale S.A. 2.3

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

Market Capitalization Breakdown

 

08/31/2023
Large (>= $10 billion) 67.8
Mid (< $10 billion >= $2 billion) 27.4
Small (< $2 billion) 4.8
Average Weighted Market Cap $20.3B

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