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GHAIX
Global Hard Assets Fund - Class I

Daily Price as of 01/21/21

NAV† DAILY CHANGE
$39.15 $-0.05 / -0.1%

Class I Details: GHAIX

INCEPTION DATE GROSS/NET EXPENSES1
1.09%/0.95%

Fund Summary and Key Points

The Global Hard Assets Fund (the "Fund") seeks long-term capital appreciation by investing primarily in hard asset securities. Income is a secondary consideration.

  • Actively managed commodity-equities portfolio investing in companies involved in the exploration, production and distribution of hard assets
  • Offers exposure to energy, precious and base metals, agriculture, alternative energy and other hard assets
  • 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

Making the Investment Case for Hard Assets

Fund Details
as of 12/31/20

  • Net Assets (All Classes)
    $595.9M
  • Number of Holdings
    52
  • Avg. Wtd. Market Cap
    $12.9B
  • Turnover Rate (2019)
    31.5%
  • P/E (LTM) / P/E (Forward)*
    26.3 / 20.5
  • P/B (LTM)*
    2.2
  • Benchmark Index
    S&P North American Natural Resources Sector (SPGINRTR) Index
*Price-to-Earnings (P/E) ratio is the price of a stock divided by its earnings per share. Price-to-Book (P/B) ratio is the ratio of a stock's price to its book value.

Investment Style Box

image Investment style box diagram illustrating the investment strategy of the Global Hard Assets Fund

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 Hard Assets Fund: Class I
At Net Asset Value 10.40 23.51 19.23 19.23 -1.76 6.16 -3.54 0.66
SPGINRTR Index2 4.09 18.93 -19.01 -19.01 -9.06 -0.08 -2.83 -0.14
MSCI ACWI Commodity Producers Index2 7.81 24.99 -11.61 -11.61 -3.68 6.38 -1.94 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(04/20/06)
VanEck Global Hard Assets Fund: Class I
At Net Asset Value 10.40 23.51 19.23 19.23 -1.76 6.16 -3.54 0.66
SPGINRTR Index2 4.09 18.93 -19.01 -19.01 -9.06 -0.08 -2.83 -0.14
MSCI ACWI Commodity Producers Index2 7.81 24.99 -11.61 -11.61 -3.68 6.38 -1.94 --

*Returns less than one year are not annualized.

The tables present past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees1, investment returns would have been reduced. Expenses: Class I: Gross  1.09% and Net 0.95%. Expenses are capped contractually through 05/01/21 at 0.95% for Class I. Investment returns and Fund share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Sunrun Inc. Electrical Equipment 6.0
SolarEdge Technologies, Inc. Semiconductors & Semiconductor Equipment 5.9
Hannon Armstrong Sustainable Infrastructure Capital, Inc. Real Estate Investment Trusts (REITs) 5.3
First Quantum Minerals Ltd. Metals & Mining 5.1
Freeport-McMoRan, Inc. Metals & Mining 4.7
Anglo American plc Metals & Mining 3.4
Sibanye Stillwater Limited Metals & Mining 3.1
Newmont Corporation Metals & Mining 3.1
Agnico Eagle Mines Limited Metals & Mining 3.0
Nutrien Ltd. Chemicals 3.0
Top 10 Total 42.6
Holdings Sector % of Net Assets
Sunrun Inc. Electrical Equipment 6.0
SolarEdge Technologies, Inc. Semiconductors & Semiconductor Equipment 5.9
Hannon Armstrong Sustainable Infrastructure Capital, Inc. Real Estate Investment Trusts (REITs) 5.3
First Quantum Minerals Ltd. Metals & Mining 5.1
Freeport-McMoRan, Inc. Metals & Mining 4.7
Anglo American plc Metals & Mining 3.4
Sibanye Stillwater Limited Metals & Mining 3.1
Newmont Corporation Metals & Mining 3.1
Agnico Eagle Mines Limited Metals & Mining 3.0
Nutrien Ltd. Chemicals 3.0
Top 10 Total 42.6

View All Holdings

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

Sector Weightings (%)
as of 12/31/20

Sector % of Net Assets
Metals & Mining 36.7
Oil Gas & Consumable Fuels 15.2
Chemicals 8.2
Food Products 6.4
Electrical Equipment 6.3
Semiconductors & Semiconductor Equipment 5.9
Mortgage Real Estate Investment Trusts (REITs) 5.3
Independent Power and Renewable Electricity Producers 1.9
Electronic Equipment Instruments & Components 1.8
Machinery 1.7
Road & Rail 1.6
Energy Equipment & Services 1.5
Paper & Forest Products 1.4
Other 4.8
Cash 1.3

Country Weightings (%) as of 12/31/20

Country % of Net Assets
■
United States
63.1
■
Canada
14.1
■
South Africa
6.5
■
Zambia
5.1
■
Australia
3.2
■
Chile
2.4
■
Finland
1.3
■
Norway
0.8
■
Brazil
0.8
■
Russia
0.7
■
Cayman Islands
0.4
■
Spain
0.3
■
Cash
1.3