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INIVX
International Investors Gold Fund - Class A

Portfolio Manager Transition Plans Announced, Effective May 1, 2023

Beginning May 1, 2023, the Fund’s current Deputy Portfolio Manager, Imaru Casanova, will replace Joseph M. Foster as Portfolio Manager for the Fund. Mr. Foster is expected to remain a key member of the Fund’s investment team, serving as a Gold Strategist.


Please see our statement on these changes with thoughts from the Jan van Eck, Joe Foster, and Imaru Casanova. Additional information can also be found in the Gold Portfolio Management Transition FAQ. For more information, please refer to the prospectus.

Portfolio Manager Transition Plans Announced, Effective May 1, 2023

Beginning May 1, 2023, the Fund’s current Deputy Portfolio Manager, Imaru Casanova, will replace Joseph M. Foster as Portfolio Manager for the Fund. Mr. Foster is expected to remain a key member of the Fund’s investment team, serving as a Gold Strategist.


Please see our statement on these changes with thoughts from the Jan van Eck, Joe Foster, and Imaru Casanova. Additional information can also be found in the Gold Portfolio Management Transition FAQ. For more information, please refer to the prospectus.

Daily Price as of 03/28/23

NAV† DAILY CHANGE
$9.70 $0.16 / +1.68%

Class A Details: INIVX

INCEPTION DATE GROSS/NET EXPENSES1
02/10/56 1.34%/1.34%
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Fund Summary and Key Points

The VanEck International Investors Gold Fund (the "Fund") seeks long-term capital appreciation by investing in common stocks of gold-mining companies. Income is a secondary consideration.

  • An actively managed portfolio, with a 50 year track record, that invests in gold-mining equities; geologist Joe Foster has been part of the investment team since 1996
  • Offers exposure to gold — a distinct asset class typically fueled by robust investment and jewelry demand, as well as ongoing supply constraints
  • May provide a hedge against financial assets in volatile markets or inflationary periods
  • Managed by a specialized investment team that conducts continuous on- and under-the-ground research to access mining efficiencies and opportunities

Making the Investment Case for Gold and Precious Metals

Fund Details
as of 02/28/23

  • Net Assets (All Classes)
    $654.9M
  • Number of Holdings
    44
  • Avg. Wtd. Market Cap
    $3.8B
  • Turnover Rate (2022)
    36.9%
  • P/B (LTM)*
    1.5
  • Benchmark Index
    NYSE Arca Gold Miners (GDMNTR) Index
*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 International Investors Gold 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
(02/10/56)
VanEck International Investors Gold Fund: Class A
At Net Asset Value
 -13.22 -2.85 -4.05 -19.76 3.41 4.86 -0.98 --
At Maximum 5.75% Sales Charge
 -18.21 -8.43 -9.57 -24.37 1.39 3.63 -1.57 --
NYSE Arca Gold Miners Index2
 -14.29 -3.46 -4.53 -19.03 2.59 6.50 -1.90 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(02/10/56)
VanEck International Investors Gold Fund: Class A
At Net Asset Value 1.25 18.85 -13.77 -13.77 1.47 3.91 -2.73 --
At Maximum 5.75% Sales Charge -4.57 12.02 -18.73 -18.73 -0.51 2.69 -3.30 --
NYSE Arca Gold Miners Index2 1.12 21.48 -8.63 -8.63 0.80 5.68 -3.52 --

*Returns less than one year are not annualized.

The table presents 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 A: Gross 1.34% and Net 1.34%. Expenses are capped contractually through 05/01/23 at 1.45% for Class A. 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
Agnico Eagle Mines Limited
Gold
8.5
Royal Gold, Inc.
Gold
6.6
Endeavour Mining PLC
Gold
6.5
Barrick Gold Corporation
Gold
5.6
Wheaton Precious Metals Corp
Gold
5.3
Alamos Gold Inc.
Gold
4.9
Franco-Nevada Corporation
Gold
4.4
Kinross Gold Corporation
Gold
4.4
B2Gold Corp.
Gold
4.3
Newmont Corporation
Gold
4.2
Top 10 Total 54.7

View All Holdings

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

Sector Weightings (%)
as of 02/28/23

SECTOR % OF NET ASSETS
Gold 91.3
Precious Metals & Minerals 1.5
Diversified Metals & Mining 1.4
Silver 0.9
Other 2.2
Cash 2.6

Country Weightings (%) as of 02/28/23

COUNTRY % OF NET ASSETS
■
Canada
58.8
■
Australia
18.3
■
United States
12.8
■
United Kingdom
6.5
■
Mexico
1.1
■
Cash
2.6