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.
|Net Assets||$50.1M||P/E (LTM) / P/E (Forward)||14.2/12.9|
|Number of Holdings||48||P/B (LTM)||2.0|
|Turnover Rate (2020)||41.8%||Average Weighted Market Cap||$3.4B|
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 (%)
Sector Weightings (%)
|Precious Metals & Minerals||2.6|
|Diversified Metals & Mining||2.2|
Top 10 Holdings (%)
|Kirkland Lake Gold Ltd.||6.6|
|Kinross Gold Corporation||5.5|
|Wheaton Precious Metals Corp||5.3|
|Barrick Gold Corporation||5.3|
|Endeavour Mining PLC||4.8|
|Agnico Eagle Mines Limited||4.4|
|Evolution Mining Limited||4.4|
|West African Resources Ltd||3.7|
These are not recommendations to buy or sell any security. Holdings may vary.
Production Level Breakdown (%)
|Senior/Majors (1.5M - 6.0M oz.)||40.6|
|Mid-Tiers (0.3M - 1.5M oz.)||23.9|
|Juniors (<0.3M oz.)||35.5|
|Average Weighted Market Cap||$3.4B|
Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.