Market Vectors ETFs
Van Eck Funds
06/02/15: In an interview with Hannes Huster from GoldSeek.com, Joe Foster opines on the current state of gold, how world events may influence its price, and what affect this may have on gold mining companies. “I think it [gold] will continue to struggle through the summer,” says Foster. “The Fed rate decision expected in the second half could be a turning point . . . . I expect gold to establish a more positive trend in 2016 and beyond.”
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02/23/15: ThinkAdvisor explores gold's performance and consults Joe Foster for his perspective on gold's future. "Gold is driven by financial stress and the longer-term driver that will make the most difference is financial stress in the U.S. economy," says Foster. "Things are still pretty okay in the U.S., but I feel that could change, if not this year, then next."
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11/20/14: Barron's speaks with Joe Foster about gold and gold stocks. "Evaluating gold stocks," says Joe, "is less about valuation metrics and more about the company’s ability to grow and develop mining properties."
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06/11/14: The Gold Report interviews Joe Foster on the prospects for gold in the second half of 2014. According to Foster, the outlook for gold may be positive in light of the potential loosening of import and tax restrictions in India and stabilization in ETFs. “I think the market is in the process of finding a bottom. Gold will probably struggle through the summer, but I think $1,200/oz. should prove to be a solid floor under the gold price,” says Foster. View article »
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Learn more on how to purchase shares of Van Eck Mutual Funds
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 constraintsMay provide a hedge against financial assets in volatile markets or inflationary periodsManaged by a specialized investment team that conducts continuous on- and under-the-ground research to access mining efficiencies and opportunitiesGold Funds and Gold ETFs: Van Eck Global has been offering investors gold investment for more than five decades.
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.
Gold Funds and Gold ETFs: Van Eck Global has been offering investors gold investment for more than five decades.
*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.
Joseph Foster, Portfolio Manager and Strategist, with Senior Analysts Charl Malan and Imaru Casanova.
Charl P. de M. Malan,
This investment style box is based on the Fund's overall targeted capitalization range and relative valuation as determined by Van Eck Global.
*Returns less than one year are not annualized.
The tables present past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees1, investment returns would have been reduced. Expenses: Class I: Gross 1.07% and Net 1.00%. Expenses are capped contractually through 05/01/16 at 1.00% for Class I. Investment returns and Fund share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.
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These are not recommendations to buy or sell any security. Sectors and holdings may vary.
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 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.
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