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VanEck’s International Investors Gold Fund Wins Lipper Fund Award for Sixth Consecutive Year
VanEck’s International Investors Gold Fund Wins Lipper Fund Award for Sixth Consecutive Year

Daily Price as of 04/07/20

$8.90 $0.02 / +0.2%

Class A Details: INIVX

02/10/56 1.47%/1.45%

Fund Summary and Key Points

The VanEck International Investors Gold Fund (the "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 50 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 02/29/20

  • Net Assets (All Classes)
  • Number of Holdings
  • Avg. Wtd. Market Cap
  • Turnover Rate (2019)
  • P/B (LTM)*
  • Benchmark Index2
    NYSE Arca Gold Miners (GDMNTR) Index
*Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

Gold/Precious Metals Investment Team

Photo of The Gold and Precious Metals Investment Team

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

Investment Style Box

image Investment style box diagram illustrating the investment strategy of the International Investors Gold Fund

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 YR 3 YR 5 YR 10 YR LIFE
VanEck International Investors Gold Fund: Class A
At Net Asset Value -9.62 1.50 -9.35 15.60 2.28 4.77 -3.12 8.56
At Maximum 5.75% Sales Charge -14.80 -4.38 -14.56 8.89 0.30 3.54 -3.69 8.46
NYSE Arca Gold Miners Index2 -8.13 -0.97 -9.45 20.64 6.16 5.62 -3.83 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
VanEck International Investors Gold Fund: Class A
At Net Asset Value 11.97 9.42 38.03 38.03 9.43 8.63 -2.49 8.75
At Maximum 5.75% Sales Charge 5.49 3.12 30.04 30.04 7.28 7.35 -3.06 8.65
NYSE Arca Gold Miners Index2 9.36 10.14 40.89 40.89 13.00 10.84 -3.35 --

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Kirkland Lake Gold Ltd. Gold 8.1
Newmont Corporation Gold 8.1
B2Gold Corp. Gold 8.0
Barrick Gold Corporation Gold 7.8
Northern Star Resources Ltd Gold 4.9
Agnico Eagle Mines Limited Gold 4.8
Wheaton Precious Metals Corp Silver 4.7
Evolution Mining Limited Gold 4.3
Kinross Gold Corporation Gold 3.3
Yamana Gold Inc. Gold 3.0
Top 10 Total 57.0
Holdings Sector % of Net Assets
Kirkland Lake Gold Ltd. Gold 8.6
B2Gold Corp. Gold 7.5
Barrick Gold Corporation Gold 7.1
Agnico Eagle Mines Limited Gold 5.8
Newmont Goldcorp Corporation Gold 5.0
Wheaton Precious Metals Corp Silver 4.6
Evolution Mining Limited Gold 4.1
Northern Star Resources Ltd Gold 3.6
Kinross Gold Corporation Gold 2.9
Yamana Gold Inc. Gold 2.9
Top 10 Total 52.1
These are not recommendations to buy or sell any security. Holdings may vary.

Sector Weightings (%)
as of 02/29/20

Sector % of Net Assets
Gold 89.2
Silver 4.7
Precious Metals & Minerals 2.6
Diversified Metals & Mining 0.2
Other 0.7
Cash 2.6

Country Weightings (%) as of 02/29/20

Country % of Net Assets
United States
South Africa

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.

1Van 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 1.45% for Class A, 2.20% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund’s average daily net assets per year until May 1, 2021. 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.

2The NYSE Arca Gold Miners (GDMNTR) Index (the "Index") is a Net Total Return modified market capitalization weighted index comprised of publicly traded companies primarily involved in the mining of gold and silver in locations around the world. 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 Canadian issuers, commodities and commodity-linked derivatives, commodities and commodity-linked derivatives tax, gold-mining industry, derivatives, direct investments, emerging market securities, foreign currency transactions, foreign securities, other investment companies, management, market, non-diversification, operational, regulatory, small- and medium-capitalization companies and subsidiary risks.

Investing involves risk, including possible loss of principal. Please call 800.826.2333 or visit 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.