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Global Resources Fund
GHAIX (Mutual Fund)
Global Resources Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.8%
1 yr return
13.2%
3 Yr Avg Return
3.3%
5 Yr Avg Return
10.3%
Net Assets
$591 M
Holdings in Top 10
34.4%
52 WEEK LOW AND HIGH
$42.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.08%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 28.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GHAIX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 10.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.66%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGlobal Resources Fund
-
Fund Family NameVANECKFUND
-
Inception DateMay 01, 2006
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShawn Reynolds
Fund Description
Under normal conditions, the Fund invests at least 80% of its net assets in securities of “global resource” companies and instruments that derive their value from “global resources”. Global resources include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities. A global resource 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 global resources. The Fund concentrates its investments in the securities of global resource companies and instruments that derive their value from global resources.
The Fund may invest without limitation in any one global resources sector and is not required to invest any portion of its assets in any one global resources sector. The Fund may invest in securities of companies located anywhere in the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, and may invest any amount of its assets in emerging markets. The Fund may invest in securities of companies of any capitalization range. Utilizing qualitative and quantitative measures, the Fund’s investment management team selects equity securities of companies that it believes represent value opportunities and/or that have growth potential. Candidates for the Fund’s portfolio are evaluated based on their relative desirability using a wide range of criteria and are regularly reviewed to ensure that they continue to offer absolute and relative desirability. The analysis of financially material risks and opportunities related to ESG (i.e. Environmental, Social and Governance) factors is a component of the overall investment process. ESG considerations can affect the Adviser’s fundamental assessment of a company or country.
The Fund may use derivative instruments, such as structured notes, warrants, currency forwards, futures contracts, options and swap agreements, to gain or hedge exposure to global resources, global resource companies and other assets. The Fund may enter into foreign currency transactions to attempt to moderate the effect of currency fluctuations. The Fund may write covered call options on portfolio securities to the extent that the value of all securities with respect to which covered calls are written does not exceed 10% of the Fund’s net asset value. The Fund may also invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain exposure to, certain market sectors, or when direct investments in certain countries are not permitted or available.
GHAIX - Performance
Return Ranking - Trailing
| Period | GHAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -12.5% | 21.4% | 67.62% |
| 1 Yr | 13.2% | -4.7% | 26.9% | 63.81% |
| 3 Yr | 3.3%* | -20.5% | 22.7% | 62.75% |
| 5 Yr | 10.3%* | -0.2% | 32.6% | 47.96% |
| 10 Yr | 2.2%* | -4.9% | 13.8% | 84.34% |
* Annualized
Return Ranking - Calendar
| Period | GHAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -6.0% | -13.1% | 52.1% | 70.19% |
| 2022 | 5.2% | -34.9% | 34.0% | 41.18% |
| 2021 | 17.1% | -4.9% | 83.5% | 83.00% |
| 2020 | 18.2% | -23.4% | 126.4% | 24.49% |
| 2019 | 10.4% | -25.1% | 36.9% | 71.13% |
Total Return Ranking - Trailing
| Period | GHAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -12.5% | 21.4% | 67.62% |
| 1 Yr | 13.2% | -4.7% | 26.9% | 63.81% |
| 3 Yr | 3.3%* | -20.5% | 22.7% | 62.75% |
| 5 Yr | 10.3%* | -0.2% | 32.6% | 47.96% |
| 10 Yr | 2.2%* | -4.9% | 13.8% | 84.34% |
* Annualized
Total Return Ranking - Calendar
| Period | GHAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -3.5% | -12.2% | 57.6% | 80.77% |
| 2022 | 8.2% | -32.2% | 35.5% | 44.12% |
| 2021 | 19.1% | -2.5% | 83.6% | 89.00% |
| 2020 | 19.2% | -22.2% | 127.8% | 35.71% |
| 2019 | 12.1% | -25.1% | 37.6% | 65.98% |
NAV & Total Return History
GHAIX - Holdings
Concentration Analysis
| GHAIX | Category Low | Category High | GHAIX % Rank | |
|---|---|---|---|---|
| Net Assets | 591 M | 1.31 M | 6.25 B | 46.67% |
| Number of Holdings | 69 | 26 | 317 | 34.29% |
| Net Assets in Top 10 | 211 M | 547 K | 3.4 B | 53.33% |
| Weighting of Top 10 | 34.36% | 16.4% | 75.9% | 81.90% |
Top 10 Holdings
- Shell PLC 4.68%
- Exxon Mobil Corp 4.42%
- Invesco Treasury Portfolio 4.27%
- Freeport-McMoRan Inc 3.67%
- TotalEnergies SE 3.66%
- Glencore PLC 3.55%
- Pilgrim's Pride Corp 2.74%
- JBS S/A 2.68%
- HA Sustainable Infrastructure Capital Inc 2.40%
- Weyerhaeuser Co 2.28%
Asset Allocation
| Weighting | Return Low | Return High | GHAIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.79% | 0.00% | 100.20% | 21.90% |
| Cash | 1.03% | 0.00% | 23.75% | 64.76% |
| Preferred Stocks | 0.00% | 0.00% | 6.24% | 25.71% |
| Other | 0.00% | -0.42% | 23.81% | 29.52% |
| Convertible Bonds | 0.00% | 0.00% | 0.43% | 17.14% |
| Bonds | 0.00% | 0.00% | 83.60% | 21.90% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GHAIX % Rank | |
|---|---|---|---|---|
| Energy | 42.39% | 0.00% | 89.67% | 33.33% |
| Basic Materials | 37.51% | 2.49% | 100.00% | 47.62% |
| Consumer Defense | 6.37% | 0.00% | 33.96% | 26.67% |
| Technology | 5.44% | 0.00% | 17.68% | 8.57% |
| Industrials | 4.42% | 0.00% | 63.67% | 53.33% |
| Real Estate | 2.06% | 0.00% | 36.20% | 9.52% |
| Utilities | 1.78% | 0.00% | 35.93% | 28.57% |
| Consumer Cyclical | 0.03% | 0.00% | 43.37% | 49.52% |
| Healthcare | 0.00% | 0.00% | 22.67% | 40.00% |
| Financial Services | 0.00% | 0.00% | 4.52% | 29.52% |
| Communication Services | 0.00% | 0.00% | 0.21% | 14.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GHAIX % Rank | |
|---|---|---|---|---|
| US | 76.87% | 0.00% | 100.20% | 39.05% |
| Non US | 22.92% | 0.00% | 89.12% | 56.19% |
GHAIX - Expenses
Operational Fees
| GHAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.08% | 0.08% | 4.45% | 41.90% |
| Management Fee | 0.95% | 0.00% | 1.25% | 84.76% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 2.17% |
| 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 | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| GHAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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 | 28.00% | 4.00% | 169.00% | 25.29% |
GHAIX - Distributions
Dividend Yield Analysis
| GHAIX | Category Low | Category High | GHAIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.55% | 0.00% | 12.19% | 35.24% |
Dividend Distribution Analysis
| GHAIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| GHAIX | Category Low | Category High | GHAIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.66% | -35.65% | 6.21% | 35.58% |
Capital Gain Distribution Analysis
| GHAIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $1.089 | OrdinaryDividend |
| Dec 21, 2022 | $1.235 | OrdinaryDividend |
| Dec 22, 2021 | $0.692 | OrdinaryDividend |
| Dec 22, 2020 | $0.302 | OrdinaryDividend |
| Dec 23, 2019 | $0.442 | OrdinaryDividend |
| Dec 21, 2018 | $0.094 | OrdinaryDividend |
| Dec 22, 2016 | $0.011 | OrdinaryDividend |
| Dec 22, 2015 | $0.132 | OrdinaryDividend |
| Dec 23, 2014 | $0.042 | OrdinaryDividend |
| Dec 23, 2013 | $0.015 | OrdinaryDividend |
| Dec 21, 2012 | $0.530 | CapitalGainLongTerm |
| Dec 21, 2012 | $0.246 | OrdinaryDividend |
| Dec 21, 2011 | $0.243 | CapitalGainLongTerm |
| Dec 21, 2011 | $0.047 | OrdinaryDividend |
| Dec 21, 2010 | $0.220 | OrdinaryDividend |
| Dec 31, 2007 | $2.320 | CapitalGainShortTerm |
| Dec 31, 2007 | $3.455 | CapitalGainLongTerm |
| Dec 29, 2006 | $0.630 | CapitalGainShortTerm |
| Dec 29, 2006 | $2.135 | CapitalGainLongTerm |
GHAIX - Fund Manager Analysis
Managers
Shawn Reynolds
Start Date
Tenure
Tenure Rank
Sep 30, 2010
11.67
11.7%
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
6.08
6.1%
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 |
|---|---|---|---|
| 0.16 | 24.18 | 7.58 | 0.16 |
