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.
|Net Assets||$51.2M||P/E (LTM) / P/E (Forward)||12.5/14.3|
|Number of Holdings||49||P/B (LTM)||1.8|
|Turnover Rate (2020)||41.8%||Average Weighted Market Cap||$3.5B|
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 (%)
Sector Weightings (%)
|Diversified Metals & Mining||1.8|
|Precious Metals & Minerals||1.3|
Top 10 Holdings (%)
|Kinross Gold Corporation||5.2|
|Endeavour Mining PLC||5.1|
|Wheaton Precious Metals Corp||5.1|
|Barrick Gold Corporation||5.0|
|Evolution Mining Limited||4.1|
|Agnico Eagle Mines Limited||4.0|
|Kirkland Lake Gold Ltd.||3.4|
These are not recommendations to buy or sell any security. Holdings may vary.
Production Level Breakdown (%)
|Senior/Majors (1.5M - 6.0M oz.)||38.3|
|Mid-Tiers (0.3M - 1.5M oz.)||26.3|
|Juniors (<0.3M oz.)||30.4|
|Average Weighted Market Cap||$3.5B|
Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.