International Investors Gold FundINIVX

  • Daily Price   as of 05/24/16

    NAV DAILY CHANGE
    $9.86 $-0.59 / -5.7%
  • Class A Details: INIVX

    INCEPTION DATE GROSS/NET EXPENSES1
    02/10/56 1.43%/1.43%
  • Fund Summary and Key Points

    The VanEck International Investors Gold Fund seeks long-term capital appreciation by investing in common stocks of gold-mining companies. Income is a secondary consideration.

    • An actively managed portfolio, with a 40+ year track record, that invests in gold-mining equities; geologist Joe Foster has been part of the investment team since 1996
    • Offers exposure to gold — a distinct asset class typically fueled by robust investment and jewelry demand, as well as  ongoing supply constraints
    • May provide a hedge against financial assets in volatile markets or inflationary periods
    • Managed by a specialized investment team that conducts continuous on- and under-the-ground research to access mining efficiencies and opportunities

    Gold Funds and Gold ETFs: VanEck has been offering investors gold investment for more than five decades.

  • Fund Details 
    as of 04/30/16

    • Net Assets (All Classes)
      $816.1M
    • Number of Holdings
      59
    • Avg. Wtd. Market Cap
      $2.4B
    • Turnover Rate (2015)
      45.2%
    • P/B (LTM)*
      1.7
    • Benchmark Index2
      NYSE Arca Gold Miners Index (GDMNTR)

    *Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

  • Gold/Precious Metals Investment Team

    Gold Team

    Joseph Foster, Portfolio Manager and Strategist, with Senior Analysts Charl Malan and Imaru Casanova.

  • Investment Style Box

    IIG-Morningstar-Style-Box

    This investment style box is based on the Fund's overall targeted capitalization range and relative valuation as determined by VanEck.

  • Performance History: Average Annual Total Returns* (%)

    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    (02/10/56)
    VanEck International Investors Gold Fund: Class A
    At Net Asset Value33.5087.0381.7632.21-1.30-14.410.549.13
    At Maximum 5.75% Sales Charge25.8376.2171.2524.55-3.22-15.42-0.059.02
    NYSE Arca Gold Miners Index228.0881.2687.3428.51-4.33-15.19-4.06--
    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    (02/10/56)
    Van Eck International Investors Gold Fund: Class A
    At Net Asset Value7.6036.1536.158.45-15.65-18.76-1.148.62
    At Maximum 5.75% Sales Charge1.3628.2828.282.24-17.29-19.72-1.738.51
    NYSE Arca Gold Miners Index23.9946.2746.2710.69-18.18-18.75-5.29--
  • Top 10 Holdings (%) 

    Holdings Sector % of Net Assets
    B2Gold Corp. Gold 5.5
    Agnico-Eagle Mines Limited Gold 5.1
    Goldcorp Inc. Gold 4.5
    Randgold Resources Limited Gold 4.5
    Newmont Mining Corporation Gold 4.0
    Tahoe Resources Inc. Gold 3.6
    Fresnillo PLC Precious Metals & Minerals 3.2
    SEMAFO Inc. Gold 3.0
    Alamos Gold Inc. Gold 2.9
    Yamana Gold Inc. Gold 2.8
    Top 10 Total 39.1
    Holdings Sector % of Net Assets
    Agnico-Eagle Mines Limited Gold 6.9
    B2Gold Corp. Gold 5.5
    Randgold Resources Limited Gold 5.4
    Goldcorp Inc. Gold 4.7
    Newmont Mining Corporation Gold 4.1
    Fresnillo PLC Precious Metals & Minerals 3.6
    Tahoe Resources Inc. Precious Metals & Minerals 3.4
    SEMAFO Inc. Gold 3.1
    Newcrest Mining Limited Gold 3.0
    Evolution Mining Limited Gold 3.0
    Top 10 Total 42.7

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

  • Sector Weightings (%)
    as of 04/30/16

    Sector % of Net Assets
    Gold 87.8
    Silver 4.5
    Precious Metals & Minerals 3.9
    Diversified Metals & Mining 2.5
    Other 0.0
    Cash 1.3
  • Country Weightings (%) as of 04/30/16

    Country % of Net Assets
    Canada
    68.4
    United States
    11.7
    Australia
    10.9
    United Kingdom
    4.5
    Mexico
    3.2
    Cash
    1.3
  • Important Disclosure

    Portfolio facts and statistics are shown for Class A shares only unless otherwise noted; other classes may have different characteristics

    NAV: Unless you are eligible for a waiver, the public offering price you pay when you buy Class A shares of the Fund is the Net Asset Value (NAV) of the shares plus an initial sales charge. The initial sales charge varies depending upon the size of your purchase.  No sales charge is imposed where Class A or Class C shares are issued to you pursuant to the automatic investment of income dividends or capital gains distributions. It is the responsibility of the financial intermediary to ensure that the investor obtains the proper “breakpoint” discount. Class C, Class I and Class Y do not have an initial sales charge; however, Class C does charge a contingent deferred redemption charge.  See the prospectus and summary prospectus for more information.

    1Expenses are calculated for the 12-month period ending 05/01/16: Class A: Gross 1.43% and Net 1.43%; Class C: Gross 2.22 and Net 2.20%; Class I: Gross 1.07% and Net 1.00%; and Class Y: Gross 1.21% and Net 1.10%. Expenses are capped contractually through 05/01/17 at 1.45% for Class A; 2.20% for Class C; 1.00% for Class I; and 1.10% for Class Y. Caps exclude certain expenses, such as interest.

    2The NYSE Arca Gold Miners Index (GDMNTR) is a modified market capitalization-weighted index comprised of publicly traded companies involved primarily in mining for gold. The U.S. Dollar Index (DXY) indicates the general international value of the U.S. dollar. The DXY does this by averaging the exchange rates between the U.S. dollar and six major world currencies. All indices are unmanaged and include the reinvestment of all dividends, but do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Indices are not securities in which investments can be made.

    The views and opinions expressed are those of VanEck. Fund manager commentaries are general in nature and should not be construed as investment advice. Opinions are subject to change with market conditions. Any discussion of specific securities mentioned in the commentaries is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary.

    You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to the risks associated with concentrating its assets in the gold industry, which can be significantly affected by international economic, monetary and political developments. The Fund’s overall portfolio may decline in value due to developments specific to the gold industry. The Fund’s investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, or political, economic or social instability. The Fund is subject to risks associated with investments in debt securities, derivatives, commodity-linked instruments, illiquid securities, asset-backed securities, CMOs and small- or mid-cap companies. The Fund is also subject to inflation risk, short-sales risk, market risk, non-diversification risk, leverage risk, credit risk and counterparty risk. Please see the prospectus and summary prospectus for information on these as well as other risk considerations.

    Investing involves risk, including possible loss of principal. Please call 800.826.2333 or visit vaneck.com for a free prospectus and summary prospectus. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus and summary prospectus contain this and other information.  Please read the prospectus and summary prospectus carefully before investing.