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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
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03/31/21
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| Net Assets | $48.0M | P/E (LTM) / P/E (Forward) | 13.4/9.7 |
| Number of Holdings | 48 | P/B (LTM) | 2.0 |
| Turnover Rate (2020) | 41.8% | Average Weighted Market Cap | $3.3B |
Fund Summary
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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 (%)
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03/31/21
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| Canada | 64.7 |
| Australia | 15.1 |
| United States | 7.8 |
| Monaco | 4.1 |
| South Africa | 2.6 |
| Cash | 5.7 |
Sector Weightings (%)
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03/31/21
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| Gold | 85.3 |
| Precious Metals & Minerals | 4.0 |
| Diversified Metals & Mining | 2.0 |
| Silver | 0.7 |
| Other | 2.3 |
| Cash | 5.7 |
Top 10 Holdings (%)
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03/31/21
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| Newmont Corporation | 7.2 |
| Kirkland Lake Gold Ltd. | 6.3 |
| Kinross Gold Corporation | 5.9 |
| B2Gold Corp. | 5.9 |
| Barrick Gold Corporation | 5.2 |
| Wheaton Precious Metals Corp | 4.6 |
| Evolution Mining Limited | 4.3 |
| Agnico Eagle Mines Limited | 4.2 |
| Endeavour Mining Corporation | 4.1 |
| Liberty Gold Corp | 3.3 |
These are not recommendations to buy or sell any security. Holdings may vary.
Production Level Breakdown (%)
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03/31/21
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| Senior/Majors (1.5M - 6.0M oz.) | 41.5 |
| Mid-Tiers (0.3M - 1.5M oz.) | 25.1 |
| Juniors (<0.3M oz.) | 33.4 |
| Average Weighted Market Cap | $3.3B |
Portfolio production level classifications are determined by VanEck’s Gold and Precious Metals Investment Team.