VanEck Global Hard Assets I
- GHAIX
- Price as of: Jan 25, 2021
-
$39.08
N/A N/A
- Primary Theme
- Natural Resources Industry Equity
- Fund Company
- VanEck
- Share Class
GHAIX - Snapshot
Vitals
- YTD Return 9.2%
- 3 Yr Annualized Return -1.8%
- 5 Yr Annualized Return 6.2%
- Net Assets $596 M
- Holdings in Top 10 42.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.09%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 33.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
Natural Resources Industry Equity
- Fund Type Open End Mutual Fund
- Investment Style Natural Resources
GHAIX - Profile
Distributions
- YTD Total Return 9.2%
- 3 Yr Annualized Total Return -1.8%
- 5 Yr Annualized Total Return 6.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.05%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameVanEck Global Hard Assets Fund
-
Fund Family NameVanEck
-
Inception DateMay 01, 2006
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerShawn Reynolds
Fund Description
Under normal conditions, the fund invests at least 80% of its net assets in securities of hard assets companies and instruments that derive their value from hard assets. Hard assets include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities. A hard assets company is a company that derives, directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to hard assets.
GHAIX - Performance
Return Ranking - Trailing
| Period | GHAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.2% | -0.8% | 17.8% | 8.11% |
| 1 Yr | 19.2% | -22.2% | 126.5% | 33.03% |
| 3 Yr | -1.8%* | -20.2% | 18.8% | 71.43% |
| 5 Yr | 6.2%* | -5.0% | 27.6% | 66.00% |
| 10 Yr | -3.5%* | -16.9% | 10.4% | 63.74% |
* Annualized
Return Ranking - Calendar
| Period | GHAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 18.2% | -23.4% | 126.4% | 23.85% |
| 2019 | 10.4% | -25.1% | 36.9% | 71.03% |
| 2018 | -29.3% | -46.3% | -6.8% | 79.21% |
| 2017 | -1.1% | -39.4% | 59.0% | 89.90% |
| 2016 | 43.7% | -8.0% | 446.7% | 6.52% |
Total Return Ranking - Trailing
| Period | GHAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.2% | -0.4% | 17.6% | 8.11% |
| 1 Yr | 19.2% | -25.9% | 126.5% | 29.36% |
| 3 Yr | -1.8%* | -21.1% | 18.8% | 70.48% |
| 5 Yr | 6.2%* | -5.3% | 27.6% | 66.00% |
| 10 Yr | -3.5%* | -16.9% | 10.4% | 63.74% |
* Annualized
Total Return Ranking - Calendar
| Period | GHAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 18.2% | -23.4% | 126.4% | 23.85% |
| 2019 | 10.4% | -25.1% | 36.9% | 71.03% |
| 2018 | -29.3% | -46.3% | -6.7% | 87.13% |
| 2017 | -1.1% | -3.9% | 59.0% | 93.94% |
| 2016 | 43.7% | -8.0% | 103.4% | 7.61% |
NAV & Total Return History
GHAIX - Holdings
Concentration Analysis
| GHAIX | Category Low | Category High | GHAIX % Rank | |
|---|---|---|---|---|
| Net Assets | 596 M | 913 K | 5.19 B | 27.68% |
| Number of Holdings | 61 | 4 | 354 | 40.18% |
| Net Assets in Top 10 | 253 M | 348 K | 3.44 B | 25.89% |
| Weighting of Top 10 | 42.06% | 18.8% | 99.5% | 56.25% |
Top 10 Holdings
- Sunrun Inc 5.97%
- SolarEdge Technologies Inc 5.87%
- Hannon Armstrong Sustainable Infrastructure Capital Inc 5.21%
- First Quantum Minerals Ltd 5.07%
- Freeport-McMoRan Inc 4.63%
- Kirkland Lake Gold Ltd 3.48%
- Anglo American PLC 3.30%
- Anglo American PLC 3.30%
- Anglo American PLC 3.30%
- Anglo American PLC 3.30%
Asset Allocation
| Weighting | Return Low | Return High | GHAIX % Rank | |
|---|---|---|---|---|
| Stocks | 97.96% | 83.56% | 100.10% | 70.54% |
| Cash | 2.04% | -0.10% | 12.26% | 30.36% |
| Preferred Stocks | 0.00% | 0.00% | 0.76% | 19.64% |
| Other | 0.00% | -5.09% | 2.30% | 17.86% |
| Convertible Bonds | 0.00% | 0.00% | 0.69% | 14.29% |
| Bonds | 0.00% | 0.00% | 6.69% | 25.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GHAIX % Rank | |
|---|---|---|---|---|
| Basic Materials | 46.07% | 0.00% | 100.00% | 47.32% |
| Energy | 17.22% | 0.00% | 84.83% | 54.46% |
| Technology | 14.42% | 0.00% | 14.42% | 1.79% |
| Consumer Defense | 6.54% | 0.00% | 38.40% | 18.75% |
| Industrials | 5.77% | 0.00% | 68.39% | 42.86% |
| Real Estate | 5.39% | 0.00% | 37.23% | 4.46% |
| Financial Services | 2.61% | 0.00% | 4.78% | 6.25% |
| Utilities | 1.98% | 0.00% | 39.26% | 38.39% |
| Healthcare | 0.00% | 0.00% | 24.82% | 28.57% |
| Communication Services | 0.00% | 0.00% | 0.30% | 14.29% |
| Consumer Cyclical | 0.00% | 0.00% | 40.38% | 65.18% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GHAIX % Rank | |
|---|---|---|---|---|
| US | 62.67% | 8.49% | 99.92% | 33.04% |
| Non US | 35.29% | 0.00% | 91.47% | 59.82% |
GHAIX - Expenses
Operational Fees
| GHAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.09% | 0.07% | 7.25% | 46.85% |
| Management Fee | 1.00% | 0.00% | 1.25% | 91.07% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.66% |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| GHAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.30% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GHAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.30% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GHAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 3.00% | 134.00% | 41.07% |
GHAIX - Distributions
Dividend Yield Analysis
| GHAIX | Category Low | Category High | GHAIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 2.87% | 33.04% |
Dividend Distribution Analysis
| GHAIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| GHAIX | Category Low | Category High | GHAIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.05% | -1.04% | 4.94% | 63.06% |
Capital Gain Distribution Analysis
| GHAIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 21, 2018 | $0.094 |
| Dec 22, 2016 | $0.011 |
| Dec 22, 2015 | $0.132 |
| Dec 23, 2014 | $0.042 |
| Dec 23, 2013 | $0.015 |
| Dec 21, 2012 | $0.246 |
| Dec 21, 2010 | $0.220 |
GHAIX - Fund Manager Analysis
Managers
Shawn Reynolds
Start Date
Tenure
Tenure Rank
Sep 30, 2010
10.26
10.3%
Mr. Reynolds joined VanEck in 2005. He serves as Portfolio Manager for VanEck’s Global Hard Assets Strategy, and oversees the Global Hard Assets Team. He is responsible for company research and portfolio construction. Prior to joining VanEck, he was employed at Petrie Parkman & Co. as an energy analyst covering North American oil and gas exploration and production companies. From 1991 to 2001, Mr. Reynolds served as an equity research analyst, covering North American, European, and global energy companies out of New York, London, and Australia with Goldman Sachs, Lehman Brothers, and Credit Suisse First Boston. Prior to his career in finance, Mr. Reynolds worked at Tenneco Oil Company from 1987 to 1989 as an exploration geologist. Mr. Reynolds was previously a board member of several private Latin American oil and gas exploration companies. He is a Member of the Riverview Medical Center Board of Trustees and Meridian Health Pension and Investment Committee; Former President of the Board of Trustees at the Rumson Country Day School. Mr. Reynolds received an MBA in Finance (Beta Gamma Sigma) from Columbia Business School, an MA in Petroleum Geology from the University of Texas, Austin (Phi Kappa Kappa), and a BS in Engineering from Cornell University. In 2000, he was chosen as The Wall Street Journal’s “Best on the Street” for E&P stock selection. Mr. Reynolds has also authored several technical geology articles in periodicals published by the American Association of Petroleum Geologists. He has appeared on CNBC and has been quoted in The Wall Street Journal, New York Times, and Bloomberg Businessweek, among other notable media outlets.
Charles Cameron
Start Date
Tenure
Tenure Rank
May 01, 2016
4.67
4.7%
Mr. Cameron joined VanEck in 1995. He currently serves as Deputy Portfolio Manager for VanEck’s Global Hard Assets Strategy, focusing on macroeconomic research and trading oversight. He has over 35 years of experience in international and financial markets. From 1989 to 1995, he was a trader in both Eurobond and emerging markets fixed income for Standard Chartered. Prior to that, he held trading positions at various sell-side firms, specializing in commodity and fixed income securities. Mr. Cameron received an MBA in Finance from the New York University Leonard N. Stern School of Business and a BS in Finance from Boston College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.11 | 22.77 | 6.8 | 10.82 |