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INIIX
International Investors Gold Fund - Class I

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.

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.

Daily Price as of 05/07/21

NAV DAILY CHANGE
$16.74 $0.37 / +2.3%

Class I Details: INIIX

INCEPTION DATE GROSS/NET EXPENSES1
1.02%/1.00%

Gold/Precious Metals

VanEck has long been considered a thought leader in the gold-related investments, with a track record dating back to 1968. The Gold Investment Team employs a flexible, bottom-up approach to identify mining companies with attractive reserves and production levels. Joseph Foster has been the team's primary portfolio manager since 1996 and is a trained geologist, and he is supported by Imaru Casanova and Charl P. de M. Malan.

  • Joseph M. Foster, Portfolio Manager and Strategist

    • 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
    • Portfolio Manager for the active Gold and Precious Metals Strategy and Strategist for the active Natural Resources Equity Strategy
    • Oversees the Gold Investment Team including asset allocation, company research and security selection
    • Joined VanEck in 1996
    • Prior to VanEck, 14 years of dedicated experience in geology and mining; including serving as a Senior Geologist and Mine Exploration Geologist at Pinson Mining Company and Exploration Geologist at Lacana Gold Inc. (Reno, Nevada)
    • MBA, University of Nevada-Reno
    • MS, Geology, Mackey School of Mines
    • BS (magna cum laude), Geology, Tennessee Technological University
  • Imaru Casanova, Deputy Portfolio Manager

    • 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
    • Deputy Portfolio Manager for active Gold and Precious Metals Strategy and Senior Analyst for the active Natural Resources Equity Strategy
    • Joined VanEck in 2011
    • Prior to VanEck, Managing Director and Senior Equity Research Analyst at McNicoll Lewis & Vlak; established the firm's metals and mining research department
    • Previously, Equity Research Analyst at Barnard Jacobs Mellet USA and BMO Capital Markets and held positions as Production Technologist, Offshore Wellsite Supervisor and Petroleum Engineer for Shell Exploration and Production
    • MS, Mechanical Engineering, Case Western Reserve University
    • BS (magna cum laude), Mechanical Engineering, Case Western Reserve University
  • 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)
    • Senior Analyst for the active Natural Resources Equity Strategy and active Gold and Precious Metals Strategy specializing in base and industrial metals research
    • Joined VanEck in 2003
    • Prior to VanEck, Equity Research Sales Analyst specializing in South African mining, natural resources and financial research at JPMorgan Chase
    • Previously, Equity Research Analyst and Junior Portfolio Manager at Standard Corporate and Merchant Bank, Asset Management (South Africa)
    • MBA, University of Stellenbosch (South Africa)
    • Honours in Business Administration, University of Stellenbosch (South Africa)
    • BA, Arts, University of Pretoria (South Africa)