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||$50.5M||P/E (LTM) /P/E (Forward)*||20.4/18.0|
|Number of Holdings||54||P/B (LTM)*||1.7|
|Turnover Rate (2022)||33.6%||Average Weighted Market Cap||$4.5B|
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.
Sector Weightings (%)
|Diversified Metals & Mining||1.5|
|Precious Metals & Minerals||0.3|
Top 10 Holdings (%)
|Alamos Gold Inc.||8.1|
|Agnico Eagle Mines Limited||7.0|
|Kinross Gold Corporation||7.0|
|Barrick Gold Corporation||6.0|
|Royal Gold, Inc.||5.9|
|Bellevue Gold Limited||5.7|
|Wheaton Precious Metals Corp||5.2|
|Northern Star Resources Ltd||4.2|
|Endeavour Mining PLC||4.2|
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Production Level Breakdown (%)
|Senior/Majors (1.5M - 6.0M oz.)||40.2|
|Mid-Tiers (0.3M - 1.5M oz.)||34.7|
|Juniors (<0.3M oz.)||24.0|
|Average Weighted Market Cap||$4.5B|
Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.