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GHAAX
Global Resources Fund - Class A

Daily Price as of 10/15/21

NAV DAILY CHANGE
$40.51 $0.09 / +0.22%

Class A Details: GHAAX

INCEPTION DATE GROSS/NET EXPENSES1
1.62%/1.38%
Why Invest?

Fund Summary and Key Points

The Global Resources Fund seeks long-term capital appreciation by investing primarily in global resource securities. Income is a secondary consideration.

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

Fund Details
as of 09/30/21

  • Net Assets (All Classes)
    $719.1M
  • Number of Holdings
    59
  • Avg. Wtd. Market Cap
    $14.7B
  • Turnover Rate (2020)
    39.0%
  • P/E (LTM) / P/E (Forward)*
    15.0 / 11.5
  • P/B (LTM)*
    2.0
  • 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
(11/02/94)
VanEck Global Resources Fund: Class A
At Net Asset Value -0.91 -6.97 10.65 36.52 3.76 1.09 -0.35 6.94
At Maximum 5.75% Sales Charge -6.61 -12.32 4.29 28.67 1.73 -0.10 -0.93 6.71
SPGINRTR Index2 3.97 -2.48 29.43 53.93 -1.91 0.68 1.83 --
MSCI ACWI Commodity Producers Index2 1.20 -1.81 21.27 51.57 0.41 5.83 2.21 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(11/02/94)
VanEck Global Resources Fund: Class A
At Net Asset Value -0.91 -6.97 10.65 36.52 3.76 1.09 -0.35 6.94
At Maximum 5.75% Sales Charge -6.61 -12.32 4.29 28.67 1.73 -0.10 -0.93 6.71
SPGINRTR Index2 3.97 -2.48 29.43 53.93 -1.91 0.68 1.83 --
MSCI ACWI Commodity Producers Index2 1.20 -1.81 21.27 51.57 0.41 5.83 2.21 --

Top 10 Holdings (%)

Holdings Sector % of Net Assets
Pioneer Natural Resources Company Oil & Gas Exploration & Production 4.1
Hannon Armstrong Sustainable Infrastructure Capital, Inc. Mortgage REITs 3.8
Freeport-McMoRan, Inc. Copper 3.6
Nutrien Ltd. Fertilizers & Agricultural Chemicals 3.5
First Quantum Minerals Ltd. Copper 3.4
Diamondback Energy, Inc. Oil & Gas Exploration & Production 3.2
Cimarex Energy Co. Oil & Gas Exploration & Production 3.2
SolarEdge Technologies, Inc. Semiconductor Equipment 3.1
Anglo American plc Diversified Metals & Mining 3.1
Devon Energy Corporation Oil & Gas Exploration & Production 2.9
Top 10 Total 33.9
Holdings Sector % of Net Assets
Pioneer Natural Resources Company Oil & Gas Exploration & Production 4.1
Hannon Armstrong Sustainable Infrastructure Capital, Inc. Mortgage REITs 3.8
Freeport-McMoRan, Inc. Copper 3.6
Nutrien Ltd. Fertilizers & Agricultural Chemicals 3.5
First Quantum Minerals Ltd. Copper 3.4
Diamondback Energy, Inc. Oil & Gas Exploration & Production 3.2
Cimarex Energy Co. Oil & Gas Exploration & Production 3.2
SolarEdge Technologies, Inc. Semiconductor Equipment 3.1
Anglo American plc Diversified Metals & Mining 3.1
Devon Energy Corporation Oil & Gas Exploration & Production 2.9
Top 10 Total 33.9

View All Holdings

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

Sector Weightings (%)
as of 09/30/21

Sector % of Net Assets
Oil & Gas 28.0
Renewables & Alternatives 17.6
Base & Industrial Metals 16.5
Agriculture 15.8
Gold & Precious Metals 13.3
Industrials & Utilities 5.6
Paper & Forest 1.1
Cash 2.1

Country Weightings (%) as of 09/30/21

Country % of Net Assets
United States
66.3
Canada
11.5
South Africa
5.2
Zambia
3.4
Australia
2.8
Norway
2.4
Chile
1.6
Brazil
1.5
Cayman Islands
1.2
United Kingdom
1.0
Finland
0.9
Spain
0.1
Cash
2.1