Daily Price as of 03/27/23
NAV† | DAILY CHANGE |
---|---|
$40.11 |
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Class I Details: GHAIX
INCEPTION DATE | GROSS/NET EXPENSES1 |
---|---|
04/20/06 | 1.11%/0.95% |
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 02/28/23
-
Net Assets (All Classes)$949.1M
-
Number of Holdings71
-
Avg. Wtd. Market Cap$20.3B
-
Turnover Rate (2022)34.0%
-
P/E (LTM) / P/E (Forward)*7.9 / 9.3
-
P/B (LTM)*1.8
-
Benchmark IndexS&P North American Natural Resources Sector (SPGINRTR) 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 (04/20/06) |
---|---|---|---|---|---|---|---|---|
VanEck Global Resources Fund: Class I | ||||||||
At Net Asset Value
|
-7.35 | -9.43 | -1.89 | -3.57 | 22.05 | 4.74 | 0.08 | -- |
S&P North American Natural Resources Sector Index2
|
-7.34 | -6.78 | -2.72 | 10.19 | 22.44 | 8.26 | 3.29 | -- |
S&P Global Natural Resources Index2
|
-5.48 | -1.42 | 1.65 | 3.19 | 19.92 | 7.72 | 5.55 | -- |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE (04/20/06) |
|
---|---|---|---|---|---|---|---|---|
VanEck Global Resources Fund: Class I | ||||||||
At Net Asset Value | -7.68 | 9.15 | 8.19 | 8.19 | 15.40 | 4.09 | 0.43 | -- |
S&P North American Natural Resources Sector Index2 | -4.17 | 18.25 | 34.07 | 34.07 | 14.97 | 7.13 | 4.05 | -- |
S&P Global Natural Resources Index2 | -3.02 | 17.23 | 10.32 | 10.32 | 11.62 | 9.03 | 5.40 | -- |
Top 10 Holdings (%)
HOLDINGS |
SECTOR
|
% OF NET ASSETS |
---|---|---|
Valero Energy Corporation |
Oil & Gas
|
4.2 |
Glencore plc |
Base & Industrial Metals
|
3.9 |
SolarEdge Technologies, Inc. |
Renewables & Alternatives
|
3.5 |
First Quantum Minerals Ltd. |
Base & Industrial Metals
|
3.1 |
Vale S.A. | 2.8 | |
Bunge Limited |
Agriculture
|
2.8 |
Hess Corporation |
Oil & Gas
|
2.8 |
Corteva Inc |
Agriculture
|
2.7 |
Diamondback Energy, Inc. |
Oil & Gas
|
2.7 |
Freeport-McMoRan, Inc. |
Base & Industrial Metals
|
2.6 |
Top 10 Total | 31.1 |
Performance Attribution
Sector Weightings (%)
as of 02/28/23
SECTOR | % OF NET ASSETS |
---|---|
Oil & Gas | 38.8 |
Base & Industrial Metals | 18.4 |
Agriculture | 13.3 |
Renewables & Alternatives | 11.2 |
Gold & Precious Metals | 11.0 |
Industrials & Utilities | 3.7 |
Other | 1.0 |
Cash | 2.6 |
Country Weightings (%) as of 02/28/23
COUNTRY | % OF NET ASSETS |
---|---|
■
United States
|
57.5 |
■
Canada
|
8.9 |
■
United Kingdom
|
4.3 |
■
Switzerland
|
3.9 |
■
South Africa
|
3.7 |
■
Brazil
|
3.4 |
■
Zambia
|
3.1 |
■
Italy
|
2.7 |
■
Spain
|
2.2 |
■
Netherlands
|
1.8 |
■
Norway
|
1.6 |
■
Cayman Islands
|
1.1 |
■
China
|
1.0 |
■
Australia
|
0.9 |
■
Finland
|
0.6 |
■
Turkey
|
0.6 |
■
Cash
|
2.6 |
30-Day SEC Yield*Class I as of 02/28/23
30-Day SEC Yield * | 1.88% |
*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 GHAIX would have been 1.76% as of 02/28/23.