Van Eck Global Hard Assets Fund (GHAAX)

Van Eck Global Hard Assets Fund (GHAAX) is a sector stock mutual fund. Van Eck Global Hard Assets Fund invests mainly in natural resources companies.

Van Eck Global Fund

The investment aim of Van Eck Global Hard Assets Fund is to seek long-term capital appreciation; income is secondary. This mutual fund uses its assets to purchase securities of “hard asset” 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. This Van Eck Global fund may also invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds. The fund is non-diversified.

Van Eck Global Hard Assets Fund Profile
Van Eck Global Hard Assets Fund (GHAAX)
GHAAX fund
  • Fund Inception Date: 11/1/1994
  • Ticker Symbol: GHAAX
  • CUSIP: 921075750
  • Beta (3yr): 1.34
  • Rank in category (YTD): 68%
  • Category: Natural Resources
  • Distribution: 0.56%
  • Capital Gains: 0%
  • Expense Ratio: 1.38%
  • Net Assets: $ 4.0 billion
  • Number of Years Up: 14 years
  • Number of Years Down: 4 years
  • Annual Turnover Rate: 27%
Updated on July 25, 2013

This Van Eck Global Hard Assets fund has total net assets of $4.0 billion. The management team members are Charles T. Cameron, Shawn Reynolds, Joseph M. Foster, et al. The fund was first incepted in November 1994. The 12-month yield is 0.56%. It also has expense ratio of 1.38%.

Natural Resources Fund

This natural resources mutual fund uses Large Blend investment style. It is ranked with 3-stars and Neutral rating by Morningstar. This equity fund has YTD return of 0.60% (as of June 11, 2013). The benchmarks are SPGINRTR Index and S&P 500 Index. The best 1-year total return within 14 years of positive returns was in 2009 with 52.46%. Based on the load adjusted returns, the fund has returned 0.72% over the past 3-year and 15.76% over the past 10-year.

The minimum investment for investing in this fund is $1,000. The minimum subsequent investment is $100. You can buy this mutual fund from 100 brokerages. The brokerages are E Trade Financial, JP Morgan, Edward Jones, Merrill Lynch, Td Ameritrade Inc, Morgan Stanley, etc. The other classes are Class C (GHACX), Class I (GHAIX) and Class Y (GHAYX).

The top 10 holdings as of May 2013 are Anadarko Petroleum Corp (5.1%), Marathon Oil Corp (4.4%), Pioneer Natural Resources Co (4.3%), Schlumberger Ltd (4.1%), Glencore International PLC (4.1%), Halliburton Co (3.9%), Cimarex Energy Co (3.6%), Concho Resources Inc/ Midland TX (3.6%), First Quantum Minerals Ltd (3.2%) and Occidental Petroleum Corp (3.2%). They represent 39.5% of the total net assets. The top sectors are Oil, Gas & Consumable Fuels (43.7%), Energy Equipment & Services (25.9%) and Metals & Mining (16.8%).

According to the fund prospectus, the principal risks for investing in this fund are: commodities risk, derivatives risk, emerging markets securities risk, foreign currency risk, market risk, non-diversification risk, etc.

Disclosure: No Position


Post a Comment