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The VanEck VIP Global Hard Assets Fund offers exposure to energy, precious and base metals, timber, agriculture, alternative energy and other hard assets. 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
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02/28/19
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| Net Assets | $254.6M | P/E (LTM) / P/E (Forward) | 13.4/15.2 |
| Number of Holdings | 49 | P/B (LTM) | 1.3 |
| Turnover Rate (2018) | 14.5% | Average Weighted Market Cap | $10.7B |
Fund Summary
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The Fund seeks long-term capital appreciation through investments in stocks of companies involved in the exploration, production and distribution of hard assets and in other commodity-linked instruments. The Fund's benchmarks are the S&P North American Natural Resources Index (SPGINRTR) and the S&P 500 Index. |
Country Weightings (%)
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02/28/19
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| United States | 58.8 |
| Canada | 20.2 |
| Switzerland | 4.6 |
| Zambia | 4.3 |
| Australia | 3.6 |
| Kuwait | 2.2 |
| Bermuda | 1.9 |
| South Africa | 1.6 |
| Kazakhstan | 1.0 |
| Cash | 1.8 |
Sector Weightings (%)
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02/28/19
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| Oil Gas & Consumable Fuels | 36.0 |
| Metals & Mining | 34.1 |
| Chemicals | 8.3 |
| Energy Equipment & Services | 6.8 |
| Food Products | 3.0 |
| Electrical Equipment | 1.7 |
| Marine | 1.7 |
| Other | 6.6 |
| Cash | 1.8 |
Top 10 Holdings (%)
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02/28/19
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| Diamondback Energy, Inc. | 5.1 |
| Teck Resources Limited Class B | 4.8 |
| Glencore plc | 4.6 |
| First Quantum Minerals Ltd. | 4.3 |
| Concho Resources Inc. | 4.3 |
| Pioneer Natural Resources Company | 4.1 |
| Barrick Gold Corporation | 3.8 |
| Nutrien Ltd. | 3.8 |
| Rio Tinto plc | 3.6 |
| CF Industries Holdings, Inc. | 3.4 |
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
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02/28/19
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| Large (>= $10 billion) | 50.2 |
| Mid (< $10 billion >= $2 billion) | 40.6 |
| Small (< $2 billion) | 9.2 |
| Average Weighted Market Cap | $10.7B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.
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Important Disclosure
You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to risks associated with concentrating its investments in Canadian issuers, commodities and commodity-linked derivatives, commodities and commodity-linked derivatives tax, derivatives, direct investments, emerging market securities, foreign currency transactions, foreign securities, other investment companies, management, market, operational, small- and medium-capitalization companies and hard assets sectors risks, including, precious metals and natural resources, that can be significantly affected by events relating to these industries, including international political and economic developments, inflation, and other factors. The Fund’s portfolio securities may experience substantial price fluctuations as a result of these factors, and may move independently of the trends of industrialized companies. The Fund’s investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, including the takeover of property without adequate compensation or imposition of prohibitive taxation.
The S&P North American Natural Resources Sector (SPGINRTR) Index (the “Index”) provides investors with a benchmark that represents U.S. traded securities that are classified under the GICS® energy and materials sector excluding the chemicals industry; and steel sub-industry. The S&P 500 Index, calculated with dividends reinvested, consists of 500 leading companies in leading industries of the U.S. economy.
Indices are unmanaged and are not securities in which investments can be made.
The Fund is only available as an option under various insurance contracts issued by life insurance and annuity companies. These contracts offer life and tax benefits to the beneficial owners of the Fund. The insurance or annuity company charges, fees and expenses for these benefits are not included in Fund performance. A review of the particular life and/or annuity contract will provide you with much greater detail regarding these costs and benefits.
The Fund is not available directly to the general public. For more complete information on variable life/annuity products, including all charges and expenses, please obtain a prospectus from a licensed insurance agent/registered representative. The prospectus includes information about the investment objective, risks and charges and expenses. Please read the prospectus carefully before investing.
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