Van Eck Global - Since 1955

International Investors Gold FundINIVX

  • Daily Price   as of 07/28/2014

    NAV DAILY CHANGE
    $11.81  $0.11 / +0.9%
  • Class A Details: INIVX

    INCEPTION DATE GROSS/NET EXPENSES1
    02/10/56 1.46%/1.45%
  • Country Weightings (%) as of 06/30/14

    COUNTRY % OF NET ASSETS
    Canada
    75.8
    United Kingdom
    8.3
    Australia
    6.4
    United States
    4.8
    Mexico
    2.0
    South Africa
    1.9
    Gold Bullion
    0.0
    Cash
    0.8
  • Sector Weightings (%)
    as of 06/30/14

    % OF NET ASSETS
    Gold 82.5
    Precious Metals & Minerals 8.4
    Silver 5.1
    Diversified Metals & Mining 2.1
    Other 1.1
    Gold Bullion 0.0
    Cash 0.8
  • Top 10 Holdings (%) 

    HOLDING SECTOR % OF
    NET ASSETS
    Randgold Resources Limited Gold 8.0
    Eldorado Gold Corporation Gold 7.0
    Yamana Gold Inc. Gold 6.2
    New Gold Inc. Gold 5.9
    Agnico-Eagle Mines Limited Gold 5.2
    Tahoe Resources Inc. Precious Metals & Minerals 5.0
    Franco-Nevada Corporation Gold 4.9
    Royal Gold Inc. Gold 4.8
    B2Gold Corp. Gold 4.7
    Goldcorp Inc. Gold 4.7
    Top 10 Total 56.4
    HOLDING SECTOR % OF
    NET ASSETS
    Randgold Resources Limited Gold 8.0
    Eldorado Gold Corporation Gold 7.0
    Yamana Gold Inc. Gold 6.2
    New Gold Inc. Gold 5.9
    Agnico-Eagle Mines Limited Gold 5.2
    Tahoe Resources Inc. Precious Metals & Minerals 5.0
    Franco-Nevada Corporation Gold 4.9
    Royal Gold Inc. Gold 4.8
    B2Gold Corp. Gold 4.7
    Goldcorp Inc. Gold 4.7
    Top 10 Total 56.4

    These are not recommendations to buy or sell any security. Sectors and holdings may vary.

  • Fund Details 
    as of 06/30/14

    • Net Assets (All Classes)
      $829.5M
    • Number of Holdings
      52
    • Turnover Rate (2013)
      40%
    • P/E (last 12 months)*
      33.6
    • P/B (last 12 months)*
      1.4
    • Benchmark Indices2
      NYSE ARCA Gold Miners Index (GDM)
      S&P® 500 Index

    *Price-to-Earnings (P/E) ratio is the price of a stock divided by its earnings per share. Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

  • Market Capitalization (%) as of 06/30/14

    MARKET CAPITALIZATION % OF NET ASSETS
    Large 21.3%
    Mid 45.5%
    Small 32.1%
    Other 1.1%
    MARKET CAPITALIZATION % OF NET ASSETS

    Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock. Market capitalization ranges listed above are specific to the gold mining industry.

  • Three-Year Risk Measures & Statistics 
    as of 06/30/14

    Volatility (Standard Deviation) 35.52
    Sharpe Ratio -0.52
    Alpha vs. NYSE Arca Gold Miners Index 4.75
    Beta vs. NYSE Arca Gold Miners Index 1.06
    R-squared vs. NYSE Arca Gold Miners Index 94.85
    Source: Van Eck Global, Morningstar.
    Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.
  • Narrowing the Universe

    Narrowing the Gold Equities Universe 
    Data as of June 30, 2014. This graphic is for illustrative purposes only, and the Fund's portfolio construction process may change over time.
  • Gold Fund Portfolio Construction

    Type of Company Target Number of Holdings Individual Holding Range Target Fund Allocations
    Medium- to Large-Cap Gold Top 10 3.5% to 10% 50%
    Small-Cap Gold or Silver 20-40 0.5% to 3% 10-40%
    Medium- to Large-Cap
    Gold, Silver (non-top 10)
    20-30 0.5% to 3.5% 10-40%

    This table is for illustrative purposes only, and the Fund's portfolio construction process may change over time. This table shows the typical holding and allocation range for Van Eck International Investors Gold Fund. We employ a bottom-up process that searches for: 1) organic growth; 2) value; 3) acquisition targets; and 4) strong Management. In addition, we then employ our top-down macro process that: 1) adjusts weightings to match gold price outlook; 2) seeks to increase beta with positive outlook (unhedged producers, high-cost producers, juniors); and 3) seeks to decrease gold beta with negative outlook (hedged producers, large-cap stocks, gold vehicles including bullion, ETFs, structured notes)

  • Gold-Mining Industry Discoveries

     Gold-Mining Industry Discoveries 
    Joe Foster, Portfolio Manager: "One of our key themes for Van Eck International Investors Gold Fund is that we believe that decreasing mine production and gold deposit discoveries, coupled with the potential for inflationary pressures (particularly among emerging markets), as well as investment and jewelry demand, should further support gold equities."
    Data Source: CIBC, Van Eck Research. Data as of December 31, 2013. This chart is for illustrative purposes only. Historical information is not indicative of future results; current data may differ from data quoted.
  • Industry Benchmarks: Know Your Indices

    • The NYSE Arca Gold Miners Index (GDM) is a modified market capitalization-weighted index comprised of publicly traded companies involved primarily in mining for gold.
    • The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sectors.
    • All indices listed are unmanaged and are not securities in which investments can be made.
  • Important Disclosure 

     Unless otherwise stated, portfolio facts and statistics are shown for Class A shares; 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 prospectus and summary prospectus for more information.

    1Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.45% for Class A, 2.20% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund’s average daily net assets per year until May 1, 2015. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.

    Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.45% for Class A, 2.20% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund’s average daily net assets per year until May 1, 2015. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.

    2The NYSE Arca Gold Miners Index (GDM) is a modified market capitalization-weighted index comprised of publicly traded companies involved primarily in mining for gold. The S&P® 500 Index, calculated with dividends reinvested, consists of 500 leading companies in leading industries of the U.S. economy. 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.

    The views and opinions expressed are those of Van Eck Global. Fund manager commentaries are general in nature and should not be construed as investment advice. Opinions are subject to change with market conditions. Any discussion of specific securities mentioned in the commentaries is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary.

    You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program.  The Fund is subject to the risks associated with concentrating its assets in the gold industry, which can be significantly affected by international economic, monetary and political developments. The Fund’s overall portfolio may decline in value due to developments specific to the gold industry. The Fund’s investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, including the takeover of property without adequate compensation or imposition of prohibitive taxation. The Fund is subject to risks associated with investments in debt securities, derivatives, commodity-linked instruments, illiquid securities, asset-backed securities, CMOs and small- or mid-cap companies. The Fund is also subject to inflation risk, short-sales risk, market risk, non-diversification risk and leverage risk. Please see the prospectus and summary prospectus for information on these as well as other risk considerations.

    Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus and summary prospectus contain this and other information.  Please read them carefully before investing. 

    Not FDIC Insured — No Bank Guarantee — May Lose Value 

    Van Eck Securities Corporation, Distributor
    335 Madison Avenue, 19th Floor
    New York, NY 10017
    800.826.2333