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IIGCX
International Investors Gold Fund - Class C

Latest Market Updates*

  • We believe there is a compelling opportunity in the space today with gold reaching all-time highs and companies healthier than they’ve been at any time in the last 10-20 years.
  • In our view, financial market risks – including extreme monetary policies, negative real rates and unsustainable debt levels – remain persistent and pervasive and may continue to support higher gold prices for the foreseeable future.
  • Notable, too, is the historical performance of mid-tier and junior gold mining companies during similar periods of rising gold prices in the past, where such support levels have helped fuel outperformance of these companies relative to their larger-cap, senior/major mining peers.

Learn More | Miners Remain Undervalued Despite Gold’s Run

Latest Market Updates*

  • We believe there is a compelling opportunity in the space today with gold reaching all-time highs and companies healthier than they’ve been at any time in the last 10-20 years.
  • In our view, financial market risks – including extreme monetary policies, negative real rates and unsustainable debt levels – remain persistent and pervasive and may continue to support higher gold prices for the foreseeable future.
  • Notable, too, is the historical performance of mid-tier and junior gold mining companies during similar periods of rising gold prices in the past, where such support levels have helped fuel outperformance of these companies relative to their larger-cap, senior/major mining peers.

Learn More | Miners Remain Undervalued Despite Gold’s Run

Daily Price as of 11/27/20

NAV† DAILY CHANGE
$11.49 $0.22 / +2.0%

Class C Details: IIGCX

INCEPTION DATE GROSS/NET EXPENSES1
2.31%/2.20%

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 10/31/20

  • Net Assets (All Classes)
    $1092.6M
  • Number of Holdings
    59
  • Avg. Wtd. Market Cap
    $4.7B
  • Turnover Rate (2019)
    20.9%
  • P/B (LTM)*
    2.8
  • 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.

Photo L to R

Imaru Casanova , Charl P. de M. Malan , Joseph Foster

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
(10/03/03)
VanEck International Investors Gold Fund: Class C
At Net Asset Value -4.58 -10.22 40.25 48.14 19.78 20.37 -2.92 7.18
At Maximum 1% Sales Charge -5.53 -11.12 39.25 47.14 19.78 20.37 -2.92 7.18
NYSE Arca Gold Miners Index2 -4.20 -12.63 28.08 35.22 19.79 21.35 -3.08 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(10/03/03)
VanEck International Investors Gold Fund: Class C
At Net Asset Value -5.15 9.42 46.98 60.66 19.50 23.19 -2.24 7.52
At Maximum 1% Sales Charge -6.10 8.42 45.98 59.66 19.50 23.19 -2.24 7.52
NYSE Arca Gold Miners Index2 -7.28 7.30 33.70 47.25 20.66 24.57 -2.45 --

*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 C: Gross 2.31% and Net 2.20%. Expenses are capped contractually through 05/01/21 at 2.20% for Class C. 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.

Top 10 Holdings (%)

Holdings Sector % of Net Assets
B2Gold Corp. Gold 8.3
Kirkland Lake Gold Ltd. Gold 7.4
Newmont Corporation Gold 7.1
Barrick Gold Corporation Gold 6.8
Kinross Gold Corporation Gold 5.9
Agnico Eagle Mines Limited Gold 5.0
Wheaton Precious Metals Corp Gold 4.8
Northern Star Resources Ltd Gold 3.7
Evolution Mining Limited Gold 3.6
Liberty Gold Corp Gold 3.1
Top 10 Total 55.7
Holdings Sector % of Net Assets
B2Gold Corp. Gold 7.9
Kirkland Lake Gold Ltd. Gold 7.4
Barrick Gold Corporation Gold 6.8
Newmont Corporation Gold 6.8
Kinross Gold Corporation Gold 6.2
Wheaton Precious Metals Corp Gold 4.8
Agnico Eagle Mines Limited Gold 4.7
Liberty Gold Corp Gold 3.6
Evolution Mining Limited Gold 3.6
West African Resources Ltd Gold 3.3
Top 10 Total 55.1

View All Holdings

These are not recommendations to buy or sell any security. Holdings may vary.

Sector Weightings (%)
as of 10/31/20

Sector % of Net Assets
Gold 91.8
Precious Metals & Minerals 2.7
Diversified Metals & Mining 0.6
Other 3.5
Cash 1.4

Country Weightings (%) as of 10/31/20

Country % of Net Assets
■
Canada
69.6
■
Australia
17.8
■
United States
7.6
■
South Africa
2.6
■
Monaco
1.0
■
Cash
1.4