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Daily Price as of 01/25/21

NAV DAILY CHANGE
$37.31 $-0.67 / -1.8%

Class Y Details: GHAYX

INCEPTION DATE GROSS/NET EXPENSES1
1.24%/1.13%

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

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

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.

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.

Market Capitalization Breakdown (%) as of 12/31/20

Market Capitalization % of Net Assets
Large (>= $10 billion) 60.9%
Mid (< $10 billion >= $2 billion) 34.2%
Small (< $2 billion) 4.9%
Average Weighted Market Cap $12.9B

Market capitalization (cap) is the value of a corporation as determined by the market price of its issued and outstanding common stock.

Three-Year Risk Measures and Statistics 
as of 12/31/20

Volatility (Standard Deviation) 31.71
Sharpe Ratio -0.12
Alpha vs. SPGINRTR Index 6.57
Beta vs. SPGINRTR Index 0.89
R-squared vs. SPGINRTR Index 86.14
Source: VanEck and FactSet.
Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Five-Year Risk Measures and Statistics 
as of 12/31/20

Volatility (Standard Deviation) 27.76
Sharpe Ratio 0.16
Alpha vs SPGINRTR Index 6.07
Beta vs. SPGINRTR Index 0.93
R-squared vs. SPGINRTR Index 85.33
Source: VanEck and FactSet.
Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Industry Benchmarks: Know Your Indices

  • The S&P® North American Natural Resources Sector (SPGINRTR) Index (the “Index”) provides investors with a benchmark that represents U.S. traded securities that are classified under the GICS® energy and materials sector excluding the chemicals industry; and steel sub-industry.

  • S&P® Global Natural Resources Index (SPGNRUP) includes 90 of the largest publicly traded companies in natural resources and commodities businesses that meet specific investability requirements, offering investors diversified and investable equity exposure across three primary commodity-related sectors: agribusiness, energy, and metals & mining which tracks the global natural resources and commodities businesses.

  • The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sectors.

  • The S&P® Goldman Sachs Commodity Index (SPGSCITR) is a composite index of commodity sector returns, representing an unleveraged, long-only investment in commodity futures. High energy concentration; limited diversification. The index benefits when energy is strong, and suffers when energy is weak.

  • The Bloomberg Commodity Index (BCOM) is composed of futures contracts on 20 physical commodities covering seven sectors, specifically energy, petroleum, precious metals, industrial metals, grains, livestock and softs. Energy exposure is limited to no more than 33%; the manager cannot invest above that level no matter how favorable the energy market.

All indices listed are unmanaged and are not securities in which investments can be made.

Sector Weights (%): Fund vs. Industry Benchmarks
as of 12/31/17

VANECK GLOBAL HARD ASSETS FUND (CLASS A) INDUSTRY BENCHMARKS
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 SPGINRTR SPGNRUP BCOM SPGSCITR
Energy 59.0 63.0 65.6 57.4 58.8 72.1 59.1 63.7 64.7 53.5 81.5 34.3 30.2 62.6
Precious Metals 20.3 13.7 12.3 15.3 13.4 6.6 9.4 12.9 9.7 12.6 5.9 5.4 15.6 4.1
Base Metals 9.3 14.7 15.6 13.4 15.4 10.5 14.3 8.5 14.4 19.6 2.9 27.7 19.7 11.2
Agriculture/Timber 2.5 2.6 0.9 3.6 1.2 3.2 4.8 9.2 6.6 10.0 5.2 30.5 34.6 22.0
Other 2.8 2.0 0.9 1.5 4.0 3.1 4.8 2.4 1.8 2.4 4.4 2.1 -- --
Cash/Equivalents 6.1 4.0 4.7 8.8 7.2 4.5 7.6 3.3 2.7 1.9 -- -- -- --

This table is updated once annually. Please note the information in this table represents the Fund’s current implementation of its investment strategy and this implementation may change at any time and from time to time. It is not intended to be a forecast of future events, a guarantee of future results or investment advice.

SPGINRTR sector weightings shown are month-end weightings as of December 31, 2017.

SPGNRUP sector weightings shown are month-end weightings as of December 31, 2017.

BCOM sector weightings shown here are approximate weightings as of December 31, 2017.

SPGSCITR sector weightings shown here are month-end weightings as of December 31, 2017.