Daily Price as of 06/08/2023
NAV† | DAILY CHANGE |
---|---|
$38.65 |
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Class A Details: GHAAX
INCEPTION DATE | GROSS/NET EXPENSES1 |
---|---|
11/02/94 | 1.47%/1.38% |
Fund Literature
Fund Summary and Key Points
The Global Resources Fund seeks long-term capital appreciation by investing primarily in global resource securities. Income is a secondary consideration.
- Actively managed commodity-equities portfolio investing in companies involved in the exploration, production and distribution of resources
- Offers exposure to energy, precious and base metals, agriculture, alternative energy and other resources
- Expertly managed by an extensive investment team that is among the industry’s largest, and includes trained geologists and engineers as well as senior analysts with deep sector experience
- Investment approach focuses on company research and skillful stock selection, as well as disciplined risk management
- No K-1s – Access to resource equities without burdensome K-1 tax reporting
Making the Investment Case for Resources
Fund Details
as of 04/30/2023
-
Net Assets (All Classes)$901.6M
-
Number of Holdings74
-
Avg. Wtd. Market Cap$19.7B
-
Turnover Rate (2022)34.0%
-
P/E (LTM) / P/E (Forward)*7.3 / 10.2
-
P/B (LTM)*1.7
-
Benchmark IndexS&P Global Natural Resources (SPGNRUT) Index
Investment Style Box

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 (11/02/94) |
---|---|---|---|---|---|---|---|---|
VanEck Global Resources Fund: Class A | ||||||||
At Net Asset Value
|
-1.18 | -9.53 | -4.25 | -8.03 | 25.08 | 2.79 | -0.23 | -- |
At Maximum 5.75% Sales Charge
|
-6.86 | -14.74 | -9.75 | -13.31 | 22.63 | 1.58 | -0.82 | -- |
S&P Global Natural Resources Index2
|
-0.21 | -6.68 | 0.36 | -0.89 | 22.25 | 6.73 | 5.23 | -- |
S&P North American Natural Resources Sector Index2
|
1.78 | -5.77 | -1.07 | 5.87 | 28.28 | 6.62 | 3.57 | -- |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE (11/02/94) |
|
---|---|---|---|---|---|---|---|---|
VanEck Global Resources Fund: Class A | ||||||||
At Net Asset Value | -1.16 | -3.11 | -3.11 | -14.19 | 34.80 | 4.17 | -0.55 | -- |
At Maximum 5.75% Sales Charge | -6.85 | -8.68 | -8.68 | -19.12 | 32.17 | 2.94 | -1.14 | -- |
S&P North American Natural Resources Sector Index2 | -0.08 | -2.80 | -2.80 | 0.72 | 38.08 | 7.85 | 3.04 | -- |
S&P Global Natural Resources Index2 | -1.06 | 0.57 | 0.57 | -5.01 | 27.73 | 7.82 | 5.11 | -- |
Top 10 Holdings (%)
HOLDINGS |
SECTOR
|
% OF NET ASSETS |
---|---|---|
Glencore plc |
Base & Industrial Metals |
3.9 |
Valero Energy Corporation |
Oil & Gas |
3.7 |
First Quantum Minerals Ltd. |
Base & Industrial Metals |
3.5 |
Hess Corporation |
Oil & Gas |
3.1 |
SolarEdge Technologies, Inc. |
Renewables & Alternatives |
2.9 |
Bunge Limited |
Agriculture |
2.8 |
Corteva Inc |
Agriculture |
2.7 |
Freeport-McMoRan, Inc. |
Base & Industrial Metals |
2.5 |
Vale S.A. |
-- |
2.5 |
ConocoPhillips |
Oil & Gas |
2.4 |
Top 10 Total | 30.0 |
Performance Attribution
Sector Weightings (%)
as of 04/30/2023
SECTOR | % OF NET ASSETS |
---|---|
Oil & Gas | 40.2 |
Base & Industrial Metals | 17.9 |
Gold & Precious Metals | 13.4 |
Agriculture | 12.4 |
Renewables & Alternatives | 10.4 |
Industrials & Utilities | 3.7 |
Cash | 2.0 |
Country Weightings (%) as of 04/30/2023
COUNTRY | % OF NET ASSETS |
---|---|
■
United States
|
53.0 |
■
Canada
|
10.4 |
■
United Kingdom
|
5.7 |
■
Switzerland
|
3.9 |
■
South Africa
|
3.6 |
■
Zambia
|
3.5 |
■
Italy
|
3.2 |
■
Brazil
|
3.0 |
■
Spain
|
2.1 |
■
Norway
|
1.6 |
■
China
|
1.5 |
■
Netherlands
|
1.4 |
■
France
|
1.0 |
■
Australia
|
1.0 |
■
Ghana
|
0.9 |
■
Cayman Islands
|
0.8 |
■
Turkey
|
0.7 |
■
Finland
|
0.7 |
■
Cash
|
2.0 |
Total |
30-Day SEC Yield*Class A as of 04/30/2023
30-Day SEC Yield * | 1.25% |
*30-Day SEC Yield is a standard calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund's expenses for the period. In the absence of temporary fee waivers, the 30-Day SEC Yield for GHAAX would have been 1.14% as of 04/30/23.