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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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03/31/21
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| Net Assets | $342.2M | P/E (LTM) / P/E (Forward) | 20.2/14.2 |
| Number of Holdings | 56 | P/B (LTM) | 2.2 |
| Turnover Rate (2020) | 41.6% | Average Weighted Market Cap | $13.7B |
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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03/31/21
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| United States | 66.0 |
| Canada | 11.5 |
| South Africa | 6.8 |
| Zambia | 4.1 |
| Australia | 3.6 |
| Chile | 2.4 |
| Cote D'Ivoire | 1.0 |
| Finland | 0.9 |
| Norway | 0.9 |
| Brazil | 0.9 |
| Cayman Islands | 0.9 |
| Spain | 0.2 |
| Cash | 0.8 |
Sector Weightings (%)
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03/31/21
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| Metals & Mining | 34.4 |
| Oil Gas & Consumable Fuels | 21.8 |
| Chemicals | 8.1 |
| Food Products | 6.8 |
| Mortgage Real Estate Investment Trusts (REITs) | 4.2 |
| Electrical Equipment | 3.5 |
| Semiconductors & Semiconductor Equipment | 3.5 |
| Other | 16.9 |
| Cash | 0.8 |
Top 10 Holdings (%)
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03/31/21
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| Freeport-McMoRan, Inc. | 4.4 |
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 4.2 |
| First Quantum Minerals Ltd. | 4.1 |
| Pioneer Natural Resources Company | 4.1 |
| Anglo American plc | 3.6 |
| SolarEdge Technologies, Inc. | 3.5 |
| Sunrun Inc. | 3.3 |
| Sibanye Stillwater Limited | 3.1 |
| Nutrien Ltd. | 3.0 |
| Valero Energy Corporation | 2.8 |
These are not recommendations to buy or sell any security. Holdings may vary.
Market Capitalization Breakdown
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03/31/21
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| Large (>= $10 billion) | 66.0 |
| Mid (< $10 billion >= $2 billion) | 27.3 |
| Small (< $2 billion) | 6.7 |
| Average Weighted Market Cap | $13.7B |
Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.