VanEck VIP Global Gold Fund

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

06/30/2024
Net Assets	$56.8M	P/E (LTM) /P/E (Forward)*	23.9/16.5
Number of Holdings	58	P/B (LTM)*	2.1
Turnover Rate (2022)	36.2%	Average Weighted Market Cap	$4.4B

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

06/30/2024
Canada	53.8
Australia	16.4
United States	10.8
South Africa	7.7
Brazil	4.1
Turkey	1.6
United Kingdom	0.8
Côte D'Ivoire	0.6
Cash	4.1

Sector Weightings (%)

06/30/2024
Gold	84.1
Silver	7.5
Copper	1.9
Precious Metals & Minerals	0.8
Diversified Metals & Mining	0.2
Other	1.4
Cash	4.1

Top 10 Holdings (%)

06/30/2024
Kinross Gold Corporation	5.5
Alamos Gold Inc.	5.2
Agnico Eagle Mines Limited	5.1
Pan American Silver Corp.	4.9
Newmont Corporation	4.9
Osisko Gold Royalties Ltd	4.3
Wheaton Precious Metals Corp	4.1
Anglogold Ashanti PLC	4.0
Gold Bullion	3.8
Bellevue Gold Limited	3.8

View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.

Production Level Breakdown (%)

06/30/2024
Senior/Majors (1.5M - 6.0M oz.)	37.4
Mid-Tiers (0.3M - 1.5M oz.)	29.0
Juniors (<0.3M oz.)	29.8
Gold Bullion	3.8
Average Weighted Market Cap	$4.4B

Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.