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IIGCX
International Investors Gold Fund - Class C

Market Updates*

  • Vaccine news and the stimulus bill has created an outlook for strong economic growth, which dampens our near-term outlook for gold.
  • We expect catalysts to emerge in the second half of 2021, which may include excessive inflationary expectations, continued Central Bank asset purchases and rising commodity prices. Our long-term bull market view for gold remains intact.
  • Gold companies remain a compelling value buy, in our view. Balance sheets continue to get stronger and miners are remaining disciplined in their capital investment.

Learn More | Gold Heats Up on Warming Inflation

Market Updates*

  • Vaccine news and the stimulus bill has created an outlook for strong economic growth, which dampens our near-term outlook for gold.
  • We expect catalysts to emerge in the second half of 2021, which may include excessive inflationary expectations, continued Central Bank asset purchases and rising commodity prices. Our long-term bull market view for gold remains intact.
  • Gold companies remain a compelling value buy, in our view. Balance sheets continue to get stronger and miners are remaining disciplined in their capital investment.

Learn More | Gold Heats Up on Warming Inflation

Daily Price as of 09/24/21

NAV† DAILY CHANGE
$8.41 $-0.11 / -1.29%

Class C Details: IIGCX

INCEPTION DATE GROSS/NET EXPENSES1
2.12%/2.12%
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Why Invest?
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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

Fund Details
as of 08/31/21

  • Net Assets (All Classes)
    $905.9M
  • Number of Holdings
    49
  • Avg. Wtd. Market Cap
    $3.4B
  • Turnover Rate (2020)
    36.0%
  • P/B (LTM)*
    1.9
  • 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.

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 -5.53 -16.18 -14.87 -22.91 19.83 4.57 -5.47 5.88
At Maximum 1% Sales Charge -6.48 -17.02 -15.72 -23.59 19.83 4.57 -5.47 5.88
NYSE Arca Gold Miners Index2 -6.65 -16.85 -9.16 -22.08 21.73 6.05 -5.32 --
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 -13.09 6.34 -11.73 -7.79 14.61 3.90 -4.02 6.16
At Maximum 1% Sales Charge -13.96 5.34 -12.61 -8.60 14.61 3.90 -4.02 6.16
NYSE Arca Gold Miners Index2 -13.59 4.94 -5.60 -6.29 16.15 5.13 -3.62 --

*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 2.12% and Net 2.12%. Expenses are capped contractually through 05/01/22 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
Kirkland Lake Gold Ltd. Gold 6.8
Newmont Corporation Gold 6.0
Endeavour Mining PLC Gold 5.2
Wheaton Precious Metals Corp Gold 5.1
Kinross Gold Corporation Gold 5.1
B2Gold Corp. Gold 4.9
Barrick Gold Corporation Gold 4.9
Agnico Eagle Mines Limited Gold 3.9
Evolution Mining Limited Gold 3.7
West African Resources Ltd Gold 3.5
Top 10 Total 49.1
Holdings Sector % of Net Assets
Newmont Corporation Gold 7.2
Kirkland Lake Gold Ltd. Gold 6.7
Kinross Gold Corporation Gold 5.5
B2Gold Corp. Gold 5.4
Barrick Gold Corporation Gold 5.2
Wheaton Precious Metals Corp Gold 5.1
Endeavour Mining PLC Gold 4.7
Evolution Mining Limited Gold 4.5
Agnico Eagle Mines Limited Gold 4.2
West African Resources Ltd Gold 3.7
Top 10 Total 52.2

View All Holdings

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

Sector Weightings (%)
as of 08/31/21

Sector % of Net Assets
Gold 84.7
Precious Metals & Minerals 2.1
Diversified Metals & Mining 2.0
Silver 1.1
Other 3.2
Cash 6.9

Country Weightings (%) as of 08/31/21

Country % of Net Assets
■
Canada
63.4
■
Australia
15.3
■
United States
6.8
■
Monaco
5.2
■
South Africa
2.4
■
Cash
6.9