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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

 

06/30/21
Net Assets $20.1M    
Turnover Rate (2020) 233.1% Number of Issues 63

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 (%)

 

06/30/21
U.S. Dollar 34.7
Chinese Renminbi 6.6
South African Rand 6.2
Brazilian Real 6.1
Colombian Peso 5.8
Polish Zloty 4.7
Chilean Peso 4.6
Indonesian Rupiah 4.0
Malaysian Ringgit 3.3
Mexican Peso 3.1
Czech Koruna 2.4
Hungarian Forint 2.3
Romanian Leu 2.1
Thailand Baht 2.0
Dominican Rep. Peso 1.5
Uruguay Peso 1.3
Philippines Peso 1.2
Kazakhstan Tenge 0.7
Singapore Dollar 0.6
Zambian Kwacha 0.4
Israeli Shekel 0.3
Cash 5.9

Top Countries (%)

 

06/30/21
Brazil 8.1
China 7.3
South Africa 6.2
Mexico 5.9
Colombia 5.8
Poland 4.7
Chile 4.6
Indonesia 4.0
Malaysia 3.3
Ecuador 2.5
Other EM 41.7
Cash 5.9
    

Credit Quality Breakdown (%)

 

06/30/21
AAA 0.6
AA 9.1
A 13.7
BBB 27.2
BB 19.8
B 19.6
CCC 3.6
CC 0.0
C 0.5
NR 0.0
Other 0.0
Cash 5.9
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 (%)

 

06/30/21

View All Holdings

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

Fund Statistics

 

06/30/21
Effective Duration (Years) 5.21
Average Years to Maturity 7.36
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 (%)

 

06/30/21
Sovereign Bond 71.0
Corporate Bond 13.1
Quasi-Sovereign Bond 10.0
Cash 5.9

Regional Weightings (%)

 

06/30/21
Latin America 33.2
Asia 32.1
Africa 12.7
EU Europe 12.5
Non-EU Europe 3.1
Other 0.5
Cash 5.9