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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

 

09/30/21
Net Assets $331.0M P/E (LTM) / P/E (Forward) 15.0/11.5
Number of Holdings 59 P/B (LTM) 2.0
Turnover Rate (2020) 41.6% Average Weighted Market Cap $14.8B

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 North American Natural Resources Index (SPGINRTR) and the S&P 500 Index.

Country Weightings (%)

 

09/30/21
United States 66.8
Canada 11.5
South Africa 5.3
Zambia 3.4
Australia 2.8
Norway 2.4
Chile 1.7
Brazil 1.5
Cayman Islands 1.1
United Kingdom 1.0
Finland 0.9
Spain 0.1
Cash 1.5

Sector Weightings (%)

 

09/30/21
Oil & Gas 28.1
Renewables & Alternatives 17.7
Base & Industrial Metals 16.6
Agriculture 15.9
Gold & Precious Metals 13.4
Industrials & Utilities 5.7
Paper & Forest 1.1
Cash 1.5

Top 10 Holdings (%)

 

09/30/21
Pioneer Natural Resources Company 4.1
Hannon Armstrong Sustainable Infrastructure Capital, Inc. 3.8
Freeport-McMoRan, Inc. 3.6
Nutrien Ltd. 3.5
First Quantum Minerals Ltd. 3.4
Anglo American plc 3.2
Diamondback Energy, Inc. 3.2
Cimarex Energy Co. 3.2
SolarEdge Technologies, Inc. 3.1
Bunge Limited 2.9

View All Holdings

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

Market Capitalization Breakdown

 

09/30/21
Large (>= $10 billion) 62.6
Mid (< $10 billion >= $2 billion) 35.2
Small (< $2 billion) 2.2
Average Weighted Market Cap $14.8B

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