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VanEck VIP Global Gold Fund

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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

 

08/31/22
Net Assets $39.3M P/E (LTM) / P/E (Forward) 16.9/15.6
Number of Holdings 49 P/B (LTM) 1.3
Turnover Rate (2021) 36.8% Average Weighted Market Cap $3.6B

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 (%)

 

08/31/22
Canada 64.1
Australia 16.5
United States 9.7
United Kingdom 6.8
South Africa 1.3
Cash 1.7

Sector Weightings (%)

 

08/31/22
Gold 93.1
Diversified Metals & Mining 1.7
Silver 1.0
Precious Metals & Minerals 0.7
Other 1.8
Cash 1.7

Top 10 Holdings (%)

 

08/31/22
Franco-Nevada Corporation 9.1
Agnico Eagle Mines Limited 8.7
Endeavour Mining PLC 6.8
Barrick Gold Corporation 5.9
Newmont Corporation 5.4
Wheaton Precious Metals Corp 4.7
B2Gold Corp. 4.6
Kinross Gold Corporation 4.4
Yamana Gold Inc. 4.3
Northern Star Resources Ltd 3.7

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

Production Level Breakdown (%)

 

08/31/22
Senior/Majors (1.5M - 6.0M oz.) 44.0
Mid-Tiers (0.3M - 1.5M oz.) 27.7
Juniors (<0.3M oz.) 28.3
Gold Bullion 0.0
Average Weighted Market Cap $3.6B

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