VanEck VIP Global Gold Fund

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.

Fund Details

06/30/21
Net Assets	$50.1M	P/E (LTM) / P/E (Forward)	14.2/12.9
Number of Holdings	48	P/B (LTM)	2.0
Turnover Rate (2020)	41.8%	Average Weighted Market Cap	$3.4B

Fund Summary

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.

Country Weightings (%)

06/30/21
Canada	67.6
Australia	16.5
United States	8.5
Monaco	4.8
South Africa	2.4
Cash	0.2

Sector Weightings (%)

06/30/21
Gold	90.2
Precious Metals & Minerals	2.6
Diversified Metals & Mining	2.2
Silver	1.4
Other	3.4
Cash	0.2

Top 10 Holdings (%)

06/30/21
Newmont Corporation	7.4
Kirkland Lake Gold Ltd.	6.6
B2Gold Corp.	5.7
Kinross Gold Corporation	5.5
Wheaton Precious Metals Corp	5.3
Barrick Gold Corporation	5.3
Endeavour Mining PLC	4.8
Agnico Eagle Mines Limited	4.4
Evolution Mining Limited	4.4
West African Resources Ltd	3.7

View All Holdings

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

Production Level Breakdown (%)

06/30/21
Senior/Majors (1.5M - 6.0M oz.)	40.6
Mid-Tiers (0.3M - 1.5M oz.)	23.9
Juniors (<0.3M oz.)	35.5
Average Weighted Market Cap	$3.4B

Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.