Van Eck Global - Since 1955

Long/Short Equity Index FundLSNYX

  • Daily Price   as of 09/30/2014

    NAV DAILY CHANGE
    $9.08  $-0.03 / -0.3%
  • Class Y Details: LSNYX

    INCEPTION DATE GROSS/NET EXPENSES1
    12/12/2013 1.11%/0.89%
  • Fees & Charges

    CLASSTICKERMAXIMUM
    SALES
    CHARGE
    MAXIMUM
    DEFERRED
    SALES
    CHARGE
    SERVICE
    FEES
    12B-1
    ALSNAX5.75%0.00%10.25%
    ILSNIX0.00%0.00%0.00%
    YLSNYX0.00%0.00%0.00%

    1A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.

  • Account Minimums

    ACCOUNT TYPE MINIMUM
    INITIAL
    INVESTMENT
    SUBSEQUENT
    INVESTMENTS
    Regular Accounts
    Class A and Y Shares $1,000 $100
    Class I Shares $1,000,000 $0
    Automatic Investment Plans/
    Periodic Purchase Plans
    $0 $0
    Third Party Accounts
    Including a retirement or pension
    plan account, or any “wrap fee”
    account or similar program
    $0 $0
  • Current Annual Fund Operating Expenses 

    CLASS A CLASS I CLASS Y
    Management Fees 0.65% 0.65% 0.65%
    Distribution and/or Service (12B-1) Fees 0.25% 0.00% 0.00%
    Other Expenses 0.42% 0.39% 0.36%
       Dividends and Interest Payments on Securities Sold Short 0.09% 0.09% 0.09%
       Remainder of Other Expenses 0.33% 0.30% 0.27%
    Acquired Fund Fees and Expenses (AFFE) 0.10% 0.10% 0.10%
    Total Annual Fund Operating Expenses (Gross)1 1.42% 1.14% 1.11%
    Fees/Expenses Waived or Reimbursed1 -0.28% -0.30% -0.22%
    Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement* (Net)1 1.14% 0.84% 0.89%

  • How to Purchase Van Eck Mutual Fund Shares

    You may purchase shares of Van Eck Mutual Funds indirectly through a broker/agent or directly through the Funds’ transfer agent, DST. The prospectus includes more detailed information regarding how to buy, sell, exchange or transfer shares, including how to reduce sales charges and how to choose a class of shares, plus various services for your convenience. Please read the appropriate prospectus carefully before investing.

    Regular Mutual Fund Accounts Application
    Traditional/Roth IRA Accounts Application
    SEP IRA Accounts Application
  • 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 shares are issued to you pursuant to the automatic investment of income dividends or capital gains distribution. It is the responsibility of the financial intermediary to ensure that the investor obtains the proper “breakpoint” discount. Class I and Class Y do not have an initial sales charge. See the prospectus for more information.

    1Other expenses and acquired fund fees and expenses are based on estimated amounts for the current fiscal year. Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 0.95% for Class A, 0.65% for Class I, and 0.70% for Class Y of the Fund’s average daily net assets per year until May 1, 2015. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.

    2 The Market Vectors North America Long/Short Equity Index seeks to capture the systematic returns (beta) of North American focused long/short equity hedge funds. The index employs a patented rating and ranking system that filters out funds with low beta as compared to their hedge fund peer group. The index is constructed using transparent, liquid ETFs to produce hedge fund-style returns. The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sectors.

    Market Vectors North America Long/Short Equity Index (the “Index”) is the exclusive property of Market Vectors Index Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards Market Vectors Index Solutions GmbH, Solactive AG has no obligation to point out errors in the Index to third parties.

    Market Vectors Index Solutions GmbH does not sponsor, endorse or promote the Long/Short Equity Fund and makes no representation regarding the advisability of investing in the Fund.

    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 rather than a complete program. All mutual funds are subject to market risk, including possible loss of principal. Because the Fund is "fund-of-funds," an investor will indirectly bear the principal risks of the exchange-traded products in which it invests, including but not limited to, risks associated with smaller companies, foreign securities, emerging markets, debt securities, commodities, and derivatives, as well as risk of tracking error. With respect to derivatives, the use of leverage may magnify losses. The Fund will bear its share of the fees and expenses of the exchange-traded products. Consequently, an investment in the Fund entails more direct and indirect expenses than a direct investment in an exchange-traded product. Because the Fund invests in exchange-traded products, it is subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an exchange-traded product's shares may be higher or lower than the value of its underlying assets, there may be a lack of liquidity in the shares of the exchange-traded product, or trading may be halted by the exchange on which they trade. Debt securities may be subject to credit risk and interest rate risk. Investments in debt securities typically decrease in value when interest rates rise. The Fund may actively engage in short selling, which entails special risks. If the Fund makes short sales in securities that increase in value, the fund will lose value. Because the Adviser relies heavily on proprietary quantitative models, the Fund is also subject to Model and Data Risk. For a description of these and other risk considerations, please refer to the Fund’s prospectus, which should be read carefully before you invest.

    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.  

    Not FDIC Insured — No Bank Guarantee — May Lose Value 

    Van Eck Securities Corporation, Distributor
    335 Madison Avenue, 19th Floor
    New York, NY 10017
    800.826.2333