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Daily Price as of 06/14/19

NAV DAILY CHANGE
$27.03 $-0.28 / -1.0%

Class A Details: GHAAX

INCEPTION DATE GROSS/NET EXPENSES1
11/02/94 1.59%/1.38%

Natural Resources

VanEck is a recognized natural resources specialist, and the Natural Resources Equity Team employs a fundamental, value-oriented approach within a strong risk-management culture. Natural Resources investing is our core competency, and it is supported by a dedicated team of investment professionals that includes two formally trained geologists (Reynolds and Foster).

  • Shawn Reynolds, Portfolio Manager

    • Industry Experience Since 1987
    • Joined VanEck in 2005
    • Exploration Geologist
    • MBA, Finance, Columbia University
    • MA, Petroleum Geology, University of Texas, Austin
    • BS, Engineering, Cornell University
    View full bio
  • Charles T. Cameron, Deputy Portfolio Manager

    • Industry Experience Since 1982
    • Joined VanEck in 1995
    • MBA, Finance, New York University Leonard N. Stern School of Business
    • BS, Finance, Boston College
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  • Joseph M. Foster, Senior Analyst

    • Industry Experience Since 1981
    • Joined VanEck in 1996
    • Exploration Geologist
    • MS, Geology, Mackey School of Mines
    • MBA, University of Reno-Nevada
    • BS, Geology, Tennessee Technological University
    View full bio
  • Imaru Casanova, Senior Analyst

    • Industry Experience Since 1998
    • Joined VanEck in 2011
    • MS, Mechanical Engineering, Case Western Reserve University
    • BS (magna cum laude), Mechanical Engineering, Case Western Reserve University
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  • Gregory F. Krenzer, CFA, Head of Active Trading

    • Industry Experience Since 1994
    • Joined VanEck in 1994
    • BS, Finance/Economics, Syracuse University
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  • Charl P. de M. Malan, Senior Analyst

    • Industry Experience Since 1995
    • Joined VanEck in 2003
    • MBA, University of Stellenbosch (South Africa)
    • Honours in Business Administration, University of Stellenbosch (South Africa)
    • BA, Arts, University of Pretoria (South Africa)
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  • Roland Morris Jr., Commodity Strategist

    • Industry Experience Since 1980
    • Joined VanEck in 2012
    • Commodity Strategist
    • BA, Economics, University of Vermont
    View full bio
  • Alan Shih, Analyst

    • Industry Experience Since 2007
    • Joined VanEck in 2012
    • MBA, Fordham University
    • BA, Rutgers University
    View full bio
  • Veronica Zhang, Analyst

    • Industry Experience Since 2011
    • Joined VanEck in 2013
    • BA, Columbia University
    View full bio
  • Christopher Mailloux, CFA, Trader

    • Industry Experience Since 2007
    • Joined VanEck in 2007
    • BS, Finance, Lehigh University
    View full bio
  • Wyatt Clarke, Trader

    • Industry Experience Since 2012
    • Joined VanEck in 2017
    • BA, International Relations and Government, Hamilton College
    View full bio

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 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 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 1.38% for Class A, 2.20% for Class C, 0.95% for Class I, and 1.13% for Class Y of the Fund’s average daily net assets per year until May 1, 2020. 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 S&P North American Natural Resources Sector (SPGINRTR) Index (the "Index") provides investors with a benchmark that represents U.S. traded securities that are classified under the GICS® energy and materials sector excluding the chemicals industry; and steel sub-industry. The MSCI ACWI Commodity Producers Index captures the global opportunity set of commodity producers in the energy, metal and agricultural sectors. 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 risks associated with concentrating its investments in Canadian issuers, commodities and commodity-linked derivatives, commodities and commodity-linked derivatives tax, derivatives, direct investments, emerging market securities, foreign currency transactions, foreign securities, other investment companies, management, market, operational, small- and medium-capitalization companies and hard assets sectors risks, including, precious metals and natural resources, that can be significantly affected by events relating to these industries, including international political and economic developments, inflation, and other factors. The Fund’s portfolio securities may experience substantial price fluctuations as a result of these factors, and may move independently of the trends of industrialized companies. 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, including the takeover of property without adequate compensation or imposition of prohibitive taxation.

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.