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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

 

01/31/2024
Net Assets $280.1M P/E (LTM) /P/E (Forward)* 10.2/11.4
Number of Holdings 69 P/B (LTM)* 1.5
Turnover Rate (2022) 43.2% Average Weighted Market Cap $21.9B

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 Global Natural Resources (SPGNRUT) and the S&P 500 Index.

Country Weightings

 

01/31/2024
United States 49.8
Canada 12.0
United Kingdom 7.8
Brazil 5.1
Italy 3.6
France 3.3
Switzerland 2.9
China 2.4
Australia 2.3
Netherlands 2.2
Norway 1.7
Zambia 1.1
Turkey 0.8
Bermuda 0.7
Finland 0.5
Spain 0.1
Cash 3.6

Sector Weightings (%)

 

01/31/2024
Oil & Gas 41.7
Base & Industrial Metals 16.6
Agriculture 14.7
Gold & Precious Metals 11.9
Renewables & Alternatives 7.5
Industrials & Utilities 3.4
Paper & Forest 0.6
Cash 3.6

Top 10 Holdings (%)

 

01/31/2024
Shell Plc 3.4
Freeport-McMoRan, Inc. 3.3
Valero Energy Corporation 3.2
Exxon Mobil Corporation 3.2
Glencore plc 2.9
Vale S.A. 2.6
ConocoPhillips 2.6
Eni S.p.A. 2.5
PetroChina Company Limited Class H 2.4
OCI NV 2.2

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

Market Capitalization Breakdown

 

01/31/2024
Large (>= $10 billion) 67.7
Mid (< $10 billion >= $2 billion) 30.1
Small (< $2 billion) 2.2
Average Weighted Market Cap $21.9B

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