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The VanEck VIP Global Gold Fund is an actively managed portfolio that invests in gold-mining equities. Geologist Joe Foster has been part of VanEck's gold investment team since 1996. The Fund offers exposure to gold — a distinct asset class typically fueled by robust investment and jewelry demand, as well as ongoing supply constraints. The Fund is managed by a specialized investment team that conducts continuous on- and under-the-ground research to access mining efficiencies and opportunities.
Fund Details
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08/31/2024
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| Net Assets | $63.2M | P/E (LTM) /P/E (Forward)* | 30.1/18.0 |
| Number of Holdings | 57 | P/B (LTM)* | 2.2 |
| Turnover Rate (2022) | 36.2% | Average Weighted Market Cap | $5.0B |
Fund Summary
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The Fund seeks long-term capital appreciation by investing in common stocks of gold-mining companies. Income is a secondary consideration. The Fund's benchmarks are the NYSE Arca Gold Miners Index (GDM) and the S&P 500 Index. |
Country Weightings
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08/31/2024
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| Canada | 53.7 |
| Australia | 16.6 |
| United States | 10.8 |
| South Africa | 7.1 |
| Brazil | 4.3 |
| Gold Bullion | 3.6 |
| Turkey | 1.6 |
| Côte D'Ivoire | 1.3 |
| United Kingdom | 0.7 |
| Cash | 0.3 |
Sector Weightings (%)
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08/31/2024
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| Gold | 85.2 |
| Silver | 6.9 |
| Gold Bullion | 3.6 |
| Copper | 1.5 |
| Precious Metals & Minerals | 0.9 |
| Diversified Metals & Mining | 0.3 |
| Other | 1.4 |
| Cash | 0.3 |
Top 10 Holdings (%)
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08/31/2024
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| Agnico Eagle Mines Limited | 5.6 |
| Alamos Gold Inc. | 5.6 |
| Newmont Corporation | 5.5 |
| Kinross Gold Corporation | 5.2 |
| Pan American Silver Corp. | 4.4 |
| Wheaton Precious Metals Corp | 4.3 |
| Osisko Gold Royalties Ltd | 4.2 |
| Anglogold Ashanti PLC | 4.2 |
| G Mining Ventures Corp | 4.0 |
| Gold Bullion | 3.6 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Production Level Breakdown (%)
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08/31/2024
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| Senior/Majors (1.5M - 6.0M oz.) | 37.2 |
| Mid-Tiers (0.3M - 1.5M oz.) | 31.4 |
| Juniors (<0.3M oz.) | 27.8 |
| Gold Bullion | 3.6 |
| Average Weighted Market Cap | $5.0B |
Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.