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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
04/30/23
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Net Assets | $60.5M | P/E (LTM) /P/E (Forward)* | 26.7/20.1 |
Number of Holdings | 44 | P/B (LTM)* | 1.9 |
Turnover Rate (2022) | 33.6% | Average Weighted Market Cap | $5.1B |
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
04/30/23
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Canada | 55.8 |
Australia | 18.8 |
United States | 12.3 |
United Kingdom | 6.7 |
South Africa | 3.1 |
Mexico | 0.9 |
Cash | 2.5 |
Sector Weightings (%)
04/30/23
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Gold | 93.2 |
Precious Metals & Minerals | 1.2 |
Diversified Metals & Mining | 1.1 |
Silver | 0.7 |
Other | 1.3 |
Cash | 2.5 |
Top 10 Holdings (%)
04/30/23
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Agnico Eagle Mines Limited | 6.8 |
Endeavour Mining PLC | 6.7 |
Royal Gold, Inc. | 6.4 |
Alamos Gold Inc. | 6.3 |
Barrick Gold Corporation | 5.8 |
Wheaton Precious Metals Corp | 5.5 |
Kinross Gold Corporation | 5.3 |
Northern Star Resources Ltd | 4.7 |
Franco-Nevada Corporation | 4.4 |
B2Gold Corp. | 4.2 |
View All Holdings
These are not recommendations to buy or sell any security. Holdings may vary.
Production Level Breakdown (%)
04/30/23
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Senior/Majors (1.5M - 6.0M oz.) | 41.5 |
Mid-Tiers (0.3M - 1.5M oz.) | 37.2 |
Juniors (<0.3M oz.) | 21.3 |
Gold Bullion | 0.0 |
Average Weighted Market Cap | $5.1B |
Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.