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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

 

01/31/2025
Net Assets $16.5M
Turnover Rate (2024) 226.9 Number of Issues 99

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 (%)

 

01/31/2025
U.S. Dollar 47.9
South African Rand 6.7
Malaysian Ringgit 4.3
Indonesian Rupiah 4.3
Chilean Peso 3.7
Turkish Lira 3.4
Czech Koruna 3.0
Colombian Peso 3.0
Hungarian Forint 2.5
Philippines Peso 2.5
Zambian Kwacha 2.1
Mexican Peso 2.0
Brazilian Real 1.5
Uruguay Peso 1.4
Thailand Baht 1.3
South Korean Won 1.0
Ugandan Shilling 0.5
Singapore Dollar 0.3
Euro 0.3
Cash 8.1

Top Countries (%)

 

01/31/2025
South Africa 6.7
Mexico 5.3
Indonesia 5.0
Colombia 4.8
Malaysia 4.3
Saudi Arabia 4.3
Chile 4.0
Peru 3.5
UAE 3.4
Czech Republic 3.0
Other 47.5
Cash 8.1

Credit Quality Breakdown (%)

 

01/31/2025
AAA 0.3
AA 8.2
A 13.9
BBB 19.7
BB 16.6
B 10.8
CCC 7.7
CC 2.1
C 0.0
NR 12.4
Other -0.0
Cash 8.3
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 (%)

 

01/31/2025
View All Holdings

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

Fund Statistics

 

01/31/2025
Effective Duration (Years) 6.30
Average Years to Maturity 14.13
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 (%)

 

01/31/2025
Sovereign Bond 77.6
Corporate Bond 11.5
Quasi-Sovereign Bond 2.2
Supranational Bond 0.5
Cash 8.3

Regional Weightings (%)

 

01/31/2025
Asia 32.4
Latin America 26.9
EU Europe 14.8
Africa 14.5
Non-EU Europe 2.4
Other 0.8
Cash 8.3