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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

 

10/31/2023
Net Assets $15.8M
Turnover Rate (2021) 279.7% Number of Issues 110

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 (%)

 

10/31/2023
U.S. Dollar 50.9
Brazilian Real 5.5
Malaysian Ringgit 5.0
South African Rand 4.1
Peruvian New Sol 4.1
Colombian Peso 3.5
Mexican Peso 3.5
Philippines Peso 2.5
Indonesian Rupiah 2.4
Hungarian Forint 2.4
South Korean Won 2.4
Dominican Rep. Peso 2.4
Zambian Kwacha 2.3
Uruguay Peso 2.1
Euro 1.8
Sri Lankan Rupee 1.4
Czech Koruna 1.1
Chilean Peso 1.1
Turkish Lira 1.0
Cash 0.4

Top Countries (%)

 

10/31/2023
Mexico 8.6
Brazil 6.9
Malaysia 5.0
Colombia 4.8
China 4.2
South Africa 4.1
Peru 4.1
Indonesia 3.2
Sri Lanka 2.7
Turkey 2.7
Other 53.3
Cash 0.4

Credit Quality Breakdown (%)

 

10/31/2023
AAA 0.0
AA 3.0
A 12.5
BBB 23.3
BB 29.3
B 8.3
CCC 6.8
CC 2.6
C 0.0
NR 11.9
Other 1.7
Cash 0.4
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 (%)

 

10/31/2023
View All Holdings

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

Fund Statistics

 

10/31/2023
Effective Duration (Years) 4.07
Average Years to Maturity 6.10
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 (%)

 

10/31/2023
Sovereign Bond 75.0
Corporate Bond 20.9
Quasi-Sovereign Bond 3.0
Supranational Bond 0.6
Cash 0.4

Regional Weightings (%)

 

10/31/2023
Latin America 34.9
Asia 34.3
Africa 15.7
EU Europe 9.4
Non-EU Europe 2.7
North America 1.7
Other 0.9
Cash 0.4