INIIX: VanEck International Investors Gold I - MutualFunds.com

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INIIX VanEck International Investors Gold I

  • Fund
  • INIIX
  • Price as of: Oct 11, 2019
  • $12.63 - $0.42 - 3.22%

INIIX - Profile

Vitals

  • YTD Return 27.2%
  • 3 Yr Annualized Return -2.1%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $707 M
  • Holdings in Top 10 52.9%

52 WEEK LOW AND HIGH

$12.63
$8.94
$14.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$0

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Equity Precious Metals

Distributions

  • YTD Total Return 27.2%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.06%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name VanEck International Investors Gold Fund
  • Fund Family Name VanEck
  • Inception Date Oct 02, 2006
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Joseph M. Foster

Fund Description

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.

INIIX - Performance

Return Ranking - Trailing

Period INIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.2% -42.3% 34.1% 14.91%
1 Yr 26.6% -63.2% 39.2% 27.43%
3 Yr -2.1%* -30.6% 6.5% 51.89%
5 Yr 1.8%* -21.3% 7.0% 32.00%
10 Yr -6.5%* -12.7% 7.5% 67.90%

* Annualized


Return Ranking - Calendar

Period INIIX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.6% -46.3% -1.6% 41.82%
2017 9.8% -39.4% 19.1% 36.19%
2016 45.5% 3.4% 50.2% 5.94%
2015 -24.2% -31.0% 0.0% 68.00%
2014 -5.6% -26.2% 55.4% 25.77%

Total Return Ranking - Trailing

Period INIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.2% -42.3% 34.1% 14.91%
1 Yr 26.6% -63.2% 39.2% 27.43%
3 Yr 0.8%* -30.6% 8.9% 40.57%
5 Yr 3.6%* -15.2% 8.6% 27.00%
10 Yr -3.8%* -12.7% 8.9% 56.79%

* Annualized


Total Return Ranking - Calendar

Period INIIX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.6% -46.3% -1.6% 41.82%
2017 13.6% -9.5% 22.7% 23.81%
2016 53.6% 4.1% 73.0% 8.91%
2015 -24.2% -31.0% 0.6% 68.00%
2014 -5.6% -26.2% 55.4% 29.90%

NAV & Total Return History

INIIX - Holdings

Concentration Analysis

INIIX Category Low Category High INIIX % Rank
Net Assets 707 M 2.18 M 1.77 B 24.58%
Number of Holdings 67 22 325 30.51%
Net Assets in Top 10 413 M 178 K 1.33 B 23.73%
Weighting of Top 10 52.86% 14.8% 72.6% 31.36%

Top 10 Holdings

  1. Kirkland Lake Gold Ltd 8.52%

  2. Barrick Gold Corp 7.41%

  3. B2Gold Corp 6.73%

  4. Evolution Mining Ltd 6.00%

  5. Agnico Eagle Mines Ltd 5.63%

  6. Newmont Goldcorp Corp 4.61%

  7. Wheaton Precious Metals Corp 4.57%

  8. Northern Star Resources Ltd 3.18%

  9. Gold Road Resources Ltd 3.16%

  10. Kinross Gold Corp 3.05%


Asset Allocation

Weighting Return Low Return High INIIX % Rank
Stocks
98.70% 19.96% 100.93% 42.37%
Cash
1.30% -0.93% 80.17% 45.76%
Preferred Stocks
0.00% 0.00% 0.00% 16.95%
Other
0.00% -1.01% 22.00% 36.44%
Convertible Bonds
0.00% 0.00% 2.04% 22.88%
Bonds
0.00% 0.00% 8.67% 27.12%

Stock Sector Breakdown

Weighting Return Low Return High INIIX % Rank
Basic Materials
97.38% -1.29% 99.67% 14.41%
Utilities
0.00% 0.00% 34.06% 34.75%
Technology
0.00% 0.00% 18.26% 38.14%
Real Estate
0.00% 0.00% 0.88% 25.42%
Industrials
0.00% 0.00% 44.40% 64.41%
Healthcare
0.00% 0.00% 14.10% 33.05%
Financial Services
0.00% -0.01% 0.97% 20.34%
Energy
0.00% 0.00% 81.56% 66.10%
Communication Services
0.00% 0.00% 3.81% 20.34%
Consumer Defense
0.00% -0.32% 10.93% 38.98%
Consumer Cyclical
0.00% 0.00% 18.35% 51.69%

Stock Geographic Breakdown

Weighting Return Low Return High INIIX % Rank
Non US
92.53% 0.34% 94.69% 5.08%
US
6.17% 3.09% 95.10% 88.14%

INIIX - Expenses

Operational Fees

INIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.47% 11.69% 71.93%
Management Fee 0.73% 0.00% 1.25% 35.59%
12b-1 Fee 0.00% 0.00% 1.00% 4.05%
Administrative Fee 1.00% 0.01% 1.00% 98.28%

Sales Fees

INIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

INIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 2.00% N/A

Turnover 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.

INIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 6.00% 528.00% 51.69%

INIIX - Distributions

Dividend Yield Analysis

INIIX Category Low Category High INIIX % Rank
Dividend Yield 1.74% 0.00% 11.36% 22.88%

Dividend Distribution Analysis

INIIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

INIIX Category Low Category High INIIX % Rank
Net Income Ratio -0.06% -2.27% 2.86% 66.67%

Capital Gain Distribution Analysis

INIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

INIIX - Managers

Joseph M. Foster

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1998

20.76

20.8%

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.


Imaru Casanova

Manager

Start Date

Tenure

Tenure Rank

May 01, 2014

5.42

5.4%

Ms. Casanova joined VanEck in 2011. She serves as Deputy Portfolio Manager and Senior Analyst for VanEck’s Global Gold Strategy, specializing in gold and precious metals. She further serves as an Investment Team member for VanEck’s Global Hard Assets Strategy. Prior to joining VanEck, Ms. Casanova worked at McNicoll Lewis & Vlak as Managing Director and Senior Equity Research Analyst in charge of establishing its metals and mining research department. From 2007 to 2010, Ms. Casanova was an equity research analyst at Barnard Jacobs Mellet USA, specializing in gold mining stocks, and expanding its coverage universe and product offering of metals and mining research practices in the Americas. From 2005 to 2007, Ms. Casanova worked as an associate analyst for BMO Capital Markets’ gold research team, covering small-, intermediate- and large-cap gold mining companies. Prior to working as an analyst, Ms. Casanova was a production technologist, offshore well-site supervisor, and petroleum engineer for Shell Exploration and Production in Venezuela. Ms. Casanova received an MS in Mechanical Engineering and a BS (Magna Cum Laude) in Mechanical Engineering from Case Western Reserve University. She has been quoted in Wall Street Journal, Barron’s, USA Today, Investor’s Business Daily, Reuters, theStreet.com, and has appeared on CNBC.


Tenure Analysis

Category Low

0.34

Category High

31.67

Category Average

8.97

Category Mode

13.18