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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 09/25/20

NAV DAILY CHANGE
$12.60 $0.01 / +0.1%

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 08/31/20

  • Net Assets (All Classes)
    $1200.6M
  • Number of Holdings
    58
  • Avg. Wtd. Market Cap
    $5.4B
  • Turnover Rate (2019)
    20.9%
  • P/B (LTM)*
    3.1
  • 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
(10/03/03)
VanEck International Investors Gold Fund: Class C
At Net Asset Value -0.80 28.09 54.96 51.88 18.95 23.39 -0.87 7.89
At Maximum 1% Sales Charge -1.79 27.09 53.96 50.88 18.95 23.39 -0.87 7.89
NYSE Arca Gold Miners Index2 -1.64 23.10 44.19 42.91 20.97 25.88 -1.27 --
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 11.03 73.24 34.32 51.55 16.15 15.52 -1.53 7.06
At Maximum 1% Sales Charge 10.03 72.24 33.32 50.55 16.15 15.52 -1.53 7.06
NYSE Arca Gold Miners Index2 6.38 55.78 24.61 44.12 19.54 16.67 -2.40 --

Top 10 Holdings (%)

Holdings Sector % of Net Assets
B2Gold Corp. Gold 7.9
Kirkland Lake Gold Ltd. Gold 7.8
Barrick Gold Corporation Gold 7.1
Newmont Corporation Gold 7.1
Wheaton Precious Metals Corp Gold 5.2
Agnico Eagle Mines Limited Gold 4.9
Evolution Mining Limited Gold 3.5
Kinross Gold Corporation Gold 3.4
Liberty Gold Corp Gold 3.4
Northern Star Resources Ltd Gold 3.3
Top 10 Total 53.6
Holdings Sector % of Net Assets
B2Gold Corp. Gold 7.7
Newmont Corporation Gold 7.5
Barrick Gold Corporation Gold 7.4
Kirkland Lake Gold Ltd. Gold 7.0
Wheaton Precious Metals Corp Gold 4.9
Agnico Eagle Mines Limited Gold 4.3
Liberty Gold Corp Gold 3.9
Evolution Mining Limited Gold 3.8
Northern Star Resources Ltd Gold 3.6
Kinross Gold Corporation Gold 3.2
Top 10 Total 53.3
These are not recommendations to buy or sell any security. Holdings may vary.

Sector Weightings (%)
as of 08/31/20

Sector % of Net Assets
Gold 92.2
Precious Metals & Minerals 3.1
Other 3.7
Cash 1.0

Country Weightings (%) as of 08/31/20

Country % of Net Assets
Canada
70.4
Australia
17.5
United States
7.1
South Africa
2.9
Monaco
1.1
Cash
1.0

Important Disclosure 

Portfolio facts and statistics are shown for Class A shares only unless otherwise noted; other classes may have different characteristics 

* The information presented does not involve the rendering of personalized investment, financial, legal, or tax advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. The information herein represents the opinion of the author(s), but not necessarily those of VanEck.

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 vaneck.com 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.