International Investors Gold FundINIIX

  • Daily Price   as of 02/05/16

    NAV DAILY CHANGE
    $8.36 $0.24 / +3.0%
  • Class I Details: INIIX

    INCEPTION DATE GROSS/NET EXPENSES1
    10/02/06 1.07%/1.00%
  • Fund Summary & Key Points

    The Van Eck 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: Van Eck Global has been offering investors gold investment for more than five decades.

    • Fund Details 
      as of 12/31/15

      • Net Assets (All Classes)
        $457.4M
      • Number of Holdings
        55
      • Turnover Rate (2014)
        43%
      • P/E (last 12 months)*
        26.7
      • P/B (last 12 months)*
        0.8
      • Benchmark Indices2
        NYSE ARCA Gold Miners Index (GDM)
        S&P® 500 Index

      *Price-to-Earnings (P/E) ratio is the price of a stock divided by its earnings per share. Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

    • Gold and Precious Metals Investment Team

      Gold Team

      Joseph Foster, Portfolio Manager, 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 Van Eck Global.

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

      1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
      (10/02/06)
      Van Eck International Investors Gold Fund: Class I
      At Net Asset Value1.34-0.40-24.22-24.22-28.39-23.50---2.41
      NYSE Arca Gold Miners Index20.900.84-24.79-24.79-32.56-24.99----
      1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
      (10/02/06)
      Van Eck International Investors Gold Fund: Class I
      At Net Asset Value1.34-0.40-24.22-24.22-28.39-23.50---2.41
      NYSE Arca Gold Miners Index20.900.84-24.79-24.79-32.56-24.99----
    • Top 10 Holdings (%) 

      HOLDING SECTOR % OF
      NET ASSETS
      Agnico-Eagle Mines Limited Gold 7.7
      Randgold Resources Limited Gold 6.0
      Goldcorp Inc. Gold 5.6
      B2Gold Corp. Gold 5.5
      Eldorado Gold Corporation Gold 4.7
      Tahoe Resources Inc. Precious Metals & Minerals 4.3
      Newcrest Mining Limited Gold 4.2
      Silver Wheaton Corp. Silver 3.7
      Alamos Gold Inc. Gold 3.6
      Royal Gold Inc. Gold 3.4
      Top 10 Total 48.7
      HOLDING SECTOR % OF
      NET ASSETS
      Agnico-Eagle Mines Limited Gold 7.7
      Randgold Resources Limited Gold 6.0
      Goldcorp Inc. Gold 5.6
      B2Gold Corp. Gold 5.5
      Eldorado Gold Corporation Gold 4.7
      Tahoe Resources Inc. Precious Metals & Minerals 4.3
      Newcrest Mining Limited Gold 4.2
      Silver Wheaton Corp. Silver 3.7
      Alamos Gold Inc. Gold 3.6
      Royal Gold Inc. Gold 3.4
      Top 10 Total 48.7

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

    • Sector Weightings (%)
      as of 12/31/15

      % OF NET ASSETS
      Gold 83.8
      Precious Metals & Minerals 8.0
      Silver 5.0
      Diversified Metals & Mining 1.5
      Cash 1.7
    • Country Weightings (%) as of 12/31/15

      COUNTRY % OF NET ASSETS
      Canada
      65.9
      Australia
      11.8
      United States
      10.9
      United Kingdom
      6.3
      Mexico
      3.4
      Cash
      1.7
    • Important Disclosure

       Unless otherwise stated, portfolio facts and statistics are shown for Class A shares; 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 05/01/15: Class A: Gross 1.47% and Net 1.45%; Class C: Gross 2.34 and Net 2.20%; Class I: Gross 1.07% and Net 1.00%; and Class Y: Gross 1.31% and Net 1.13%. Expenses are capped contractually through 05/01/16 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 (GDM) is a modified market capitalization-weighted index comprised of publicly traded companies involved primarily in mining for gold. The S&P® 500 Index, calculated with dividends reinvested, consists of 500 leading companies in leading industries of the U.S. economy. 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 Van Eck Global. 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, including the takeover of property without adequate compensation or imposition of prohibitive taxation. 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 and leverage 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. 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 them carefully before investing.