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The VanEck VIP Global Gold Fund is an actively managed portfolio that invests in gold-mining equities. Geologist Joe Foster has been part of VanEck's gold investment team since 1996. The Fund offers exposure to gold — a distinct asset class typically fueled by robust investment and jewelry demand, as well as ongoing supply constraints. The Fund is managed by a specialized investment team that conducts continuous on- and under-the-ground research to access mining efficiencies and opportunities.
Fund Details
08/31/2023
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Net Assets | $50.5M | P/E (LTM) /P/E (Forward)* | 20.4/18.0 |
Number of Holdings | 54 | P/B (LTM)* | 1.7 |
Turnover Rate (2022) | 33.6% | Average Weighted Market Cap | $4.5B |
Fund Summary
The Fund seeks long-term capital appreciation by investing in common stocks of gold-mining companies. Income is a secondary consideration. The Fund's benchmarks are the NYSE Arca Gold Miners Index (GDM) and the S&P 500 Index. |
Country Weightings
08/31/2023
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Canada | 55.3 |
Australia | 20.5 |
United States | 9.7 |
Brazil | 5.2 |
United Kingdom | 4.2 |
South Africa | 1.5 |
Turkey | 1.2 |
Tanzania | 0.9 |
Mexico | 0.7 |
Chile | 0.1 |
Cash | 0.6 |
Sector Weightings (%)
08/31/2023
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Gold | 92.3 |
Silver | 2.9 |
Diversified Metals & Mining | 1.5 |
Precious Metals & Minerals | 0.3 |
Other | 2.4 |
Cash | 0.6 |
Top 10 Holdings (%)
08/31/2023
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Alamos Gold Inc. | 8.1 |
Agnico Eagle Mines Limited | 7.0 |
Kinross Gold Corporation | 7.0 |
Barrick Gold Corporation | 6.0 |
Royal Gold, Inc. | 5.9 |
Bellevue Gold Limited | 5.7 |
Wheaton Precious Metals Corp | 5.2 |
Franco-Nevada Corporation | 4.5 |
Northern Star Resources Ltd | 4.2 |
Endeavour Mining PLC | 4.2 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Production Level Breakdown (%)
08/31/2023
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Senior/Majors (1.5M - 6.0M oz.) | 40.2 |
Mid-Tiers (0.3M - 1.5M oz.) | 34.7 |
Juniors (<0.3M oz.) | 24.0 |
Gold Bullion | 1.0 |
Average Weighted Market Cap | $4.5B |
Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.