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The VanEck VIP Global Gold Fund is an actively managed portfolio that invests in gold-mining equities. Imaru Casanova has been a part of the VanEck gold investment team since 2011. 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
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01/31/2025
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| Net Assets | $67.3M | P/E (LTM) /P/E (Forward)* | 31.1/18.7 |
| Number of Holdings | 42 | P/B (LTM)* | 2.5 |
| Turnover Rate (2024) | 41.2% | Average Weighted Market Cap | $5.8B |
Fund Summary
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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
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01/31/2025
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| Canada | 58.7 |
| Australia | 11.6 |
| United States | 8.2 |
| South Africa | 8.1 |
| Gold Bullion | 4.3 |
| Brazil | 4.0 |
| Côte D'Ivoire | 1.5 |
| Turkey | 1.3 |
| Cash | 2.3 |
Sector Weightings (%)
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01/31/2025
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| Gold | 83.7 |
| Silver | 7.0 |
| Gold Bullion | 4.3 |
| Copper | 1.1 |
| Precious Metals & Minerals | 0.7 |
| Diversified Metals & Mining | 0.3 |
| Other | 0.6 |
| Cash | 2.3 |
Top 10 Holdings (%)
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01/31/2025
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| Alamos Gold Inc. | 7.1 |
| Agnico Eagle Mines Limited | 7.0 |
| Kinross Gold Corporation | 6.0 |
| G Mining Ventures Corp | 5.9 |
| Anglogold Ashanti PLC | 4.7 |
| Pan American Silver Corp. | 4.7 |
| Gold Bullion | 4.3 |
| Osisko Gold Royalties Ltd | 4.3 |
| Newmont Corporation | 4.1 |
| Wheaton Precious Metals Corp | 4.0 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Production Level Breakdown (%)
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01/31/2025
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| Senior/Majors (1.5M - 6.0M oz.) | 37.1 |
| Mid-Tiers (0.3M - 1.5M oz.) | 30.0 |
| Juniors (<0.3M oz.) | 28.5 |
| Gold Bullion | 4.3 |
| Average Weighted Market Cap | $5.8B |
Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.