Morningstar

VanEck Global Resources Fund A GHAAX

Morningstar Medalist Rating
Medalist Rating as of | See VanEck Investment Hub
  • NAV / 1-Day Return 41.55  /  +0.80 %
  • Total Assets 615.9 Mil
  • Adj. Expense Ratio
    1.380%
  • Expense Ratio 1.380%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Natural Resources
  • Investment Style Mid Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.21%
  • Turnover 44%

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0

Morningstar’s Analysis GHAAX

Will GHAAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GHAAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GHAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GHAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Lacks direction.

Analyst Andrew Redden

Andrew Redden

Analyst

Summary

The team at VanEck Global Resources is seasoned, but its overly broad approach raises concerns about execution and justifies a downgrade in its Process rating to Below Average from Average, making it a less appealing option for investors.

by Andrew Redden
Rated on Published on

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Portfolio Holdings GHAAX

More GHAAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Shell PLC ADR (Representing - Ordinary Shares)

5.10 31.6 Mil
Energy

Exxon Mobil Corp

4.46 27.7 Mil
Energy

TotalEnergies SE

3.89 24.2 Mil
Energy

Invesco Shrt-Trm Inv Treasury Instl

3.55 22.0 Mil
Cash and Equivalents

Freeport-McMoRan Inc

3.26 20.2 Mil
Basic Materials

Glencore PLC

2.85 17.7 Mil
Basic Materials

Pilgrims Pride Corp

2.78 17.3 Mil
Consumer Defensive

JBS SA

2.42 15.0 Mil
Consumer Defensive

HA Sustainable Infrastructure Capital Inc

2.26 14.0 Mil
Real Estate

Tyson Foods Inc Class A

2.22 13.8 Mil
Consumer Defensive

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