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VanEck International Investors Gold C (IIGCX)

8.35 -0.02 (-0.24%)
As of 8:05 AM EDT. Market Open.

Fund Summary

The fund normally invests at least 80% of its net assets in securities of companies principally engaged in gold-related activities, instruments that derive their value from gold, gold coins and bullion. A company principally engaged in gold-related activities is one that derives at least 50% of its revenues from gold-related activities, including the exploration, mining or processing of or dealing in gold. It concentrates its investments in the gold-mining industry and therefore invests 25% or more of its total assets in such industry. The fund is non-diversified.

VanEck International Investors Gold C

New York, NY 10017
666 Third Avenue

Fund Overview

Category Equity Precious Metals
Fund Family VanEck
Net Assets 697.92M
YTD Return 1.26%
Yield 0.00%
Morningstar Rating
Inception Date Oct 03, 2003

Fund Operations

Last Dividend 0.66
Last Cap Gain -25.00
Holdings Turnover 25.00%
Average for Category --

Fees & Expenses

Expense IIGCX Category Average
Annual Report Expense Ratio (net) 2.20% 1.17%
Prospectus Net Expense Ratio 2.20% --
Prospectus Gross Expense Ratio 2.21% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.21%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Joseph M. Foster, Lead Manager since December 31, 1998
Mr. Foster joined VanEck in 1996 as a precious metals mining analyst, and has been Portfolio Manager for VanEck’s Gold Strategy since 1998. He also serves as Strategist for VanEck’s Global Hard Assets Strategy. He covers gold mining equities ranging from small-cap exploration to senior producers. Mr. Foster also forecasts and monitors gold-related market conditions and models the asset bases of mining companies. Mr. Foster is one of the most experienced investment managers in the field of gold and gold stocks portfolio management, with approximately 35 years of experience in the industry as a geologist and investment manager. Mr. Foster has over 14 years of dedicated experience in geology and mining. From 1992 to 1996, he was a Senior Geologist at Pinson Mining Company, where he managed an on-site geology department and conceived and implemented a comprehensive exploration program on a 35 square-mile land position. His primary responsibility was to find new gold reserves that could extend the life of the mine. In addition, Mr. Foster established an AutoCAD-based geologic information system that incorporated geological, geo-chemical, geophysical, topographic, and drilling data compiled over a 20-year period. From 1988 to 1992, as a Mine Exploration Geologist, Mr. Foster planned and supervised up to 30,000 feet of exploration drilling per year. Prior to 1988, Mr. Foster was an Exploration Geologist with Lacana Gold Inc. in Reno, Nevada. Mr. Foster started his career in 1981 as a summer intern as a geologist for Atlas Mining, an underground uranium mine in Green River, Utah. Mr. Foster received an MS in Geology from the Mackey School of Mines and an MBA from the University of Nevada-Reno. He graduated Magna Cum Laude with a BS in Geology from Tennessee Technological University. Mr. Foster has appeared in The Wall Street Journal, Barron’s, The Wall Street Reporter, Reuters TV, CNBC, Fox News and Bloomberg TV. He has published articles in mining journals, including Mining Engineering, Society of Economic Geology, and Geological Society of Nevada.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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