3 / 5 Stars
4 5 1 3 4
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#13 in Natural Resources
U.S. News evaluated 40 Natural Resources Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 11.64 percent over the past year, -3.06 percent over the past three years, 14.85 percent over the past five years, and 12.55 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.3%|
|3 Years (Annualized)||-3.1%|
|5 Years (Annualized)||14.8%|
|10 Years (Annualized)||12.5%|
Van Eck Global Hard Assets is a speciality fund whose niche investments have seen some outstanding returns.
As of March 05, 2014, the fund has assets totaling almost $4.20 billion invested in 61 different holdings. Its portfolio consists of companies that derive their profits from hard assets.
This fund focuses on companies that produce, develop, distribute, and explore hard assets. Hard assets include precious metals and natural resources. As such, its portfolio consists almost exclusively of companies in just two sectors: basic materials and energy. As of the end of 2010, its top holdings included Haliburton, Anadarko Petroleum Corp., and Alpha Natural Resources. While the majority of the fund's holdings are based in the United States, it also has significant exposure to international companies. These include the Swiss company Weatherford International and Kinross Gold Corporation, a Canadian business. Derek van Eck, who had been with the fund since its inception, died in 2010. A large team led by Charles Cameron currently runs the fund. The fund has returned 11.64 percent over the past year and -3.06 percent over the past three years.
Over time, this fund has put together some impressive numbers. Hard assets have outrun the broader market over the past decade, and this fund's long-term results bear testimony to that. As of the end of April, its trailing 10-year returns beat those of the S&P 500 by an average of 15 percentage points per year. The fund has returned 14.85 percent over the past five years and 12.55 percent over the past decade.
According to the fund's prospectus: "The Fund may invest without limitation in any one hard asset sector and is not required to invest any portion of its assets in any one hard asset 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."
Role in Portfolio
Morningstar calls this fund a "speciality" holding.
Charles Cameron, along with a team of researchers, runs the fund.
Van Eck Global Hard Assets Fund has an expense ratio of 1.38 percent.
This is a speciality fund that is quite concentrated by sector.