VanEck Vectors ETFs
06/02/15: In an interview with Hannes Huster from GoldSeek.com, Joe Foster opines on the current state of gold, how world events may influence its price, and what affect this may have on gold mining companies. “I think it [gold] will continue to struggle through the summer,” says Foster. “The Fed rate decision expected in the second half could be a turning point . . . . I expect gold to establish a more positive trend in 2016 and beyond.”
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02/23/15: ThinkAdvisor explores gold's performance and consults Joe Foster for his perspective on gold's future. "Gold is driven by financial stress and the longer-term driver that will make the most difference is financial stress in the U.S. economy," says Foster. "Things are still pretty okay in the U.S., but I feel that could change, if not this year, then next."
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11/20/14: Barron's speaks with Joe Foster about gold and gold stocks. "Evaluating gold stocks," says Joe, "is less about valuation metrics and more about the company’s ability to grow and develop mining properties."
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06/11/14: The Gold Report interviews Joe Foster on the prospects for gold in the second half of 2014. According to Foster, the outlook for gold may be positive in light of the potential loosening of import and tax restrictions in India and stabilization in ETFs. “I think the market is in the process of finding a bottom. Gold will probably struggle through the summer, but I think $1,200/oz. should prove to be a solid floor under the gold price,” says Foster. View article »
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1A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased after April 30, 2012, at or above the $1 million breakpoint level.
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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
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1Expenses are calculated for the 12-month period ending 05/01/16: Class A: Gross 1.43% and Net 1.43%; Class C: Gross 2.22 and Net 2.20%; Class I: Gross 1.07% and Net 1.00%; and Class Y: Gross 1.21% and Net 1.10%. Expenses are capped contractually through 05/01/17 at 1.45% for Class A; 2.20% for Class C; 1.00% for Class I; and 1.10% for Class Y. Caps exclude certain expenses, such as interest.
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.
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