Overview
The Adviser provides investment advisory services to registered investment companies, private
funds, and other pooled investment vehicles. The Adviser is registered as a commodity pool
operator and a commodity trading advisor with the Commodity Futures Trading Commission.
The Adviser is a wholly-owned subsidiary of Van Eck Associates Corporation (“VanEck”) and
was formed in 1995. VanEck is an investment adviser registered with the SEC and has been an
investment adviser since 1955. VanEck acts as investment adviser or sub-adviser to mutual
funds, exchange-traded funds, other pooled investment vehicles and other investment accounts.
VanEck was founded in 1955 by John van Eck to manage an international equity fund. In 1968,
VanEck began offering investments in gold shares and other global resources.
The Adviser provides investment advisory services to registered investment companies and other
pooled investment vehicles based on the investment objectives and restrictions as set forth in
each prospectus or each pooled investment vehicle’s offering document. In addition, the Adviser
provides investment advisory services
to institutional investors through investment accounts
based on the individual investment objectives, client restrictions and guidelines of each client, as
outlined by the client, and other factors deemed relevant by the client and disclosed to the
Adviser. The Adviser serves as trust manager and/or may serve as general partner to certain
private funds. In some instances, clients have similar investment objectives but are charged
different fees. The variation in fee structure charged to clients is generally reflective of the
differing levels of service required to be provided to that client and the complexity of managing
the client’s account. The Adviser will be paid a fee at a certain annual rate of assets under
management within the ranges described below under “Fees and Compensation,” and may also
charge a performance-based fee.
The Adviser does not currently participate as a manager in wrap fee programs, though it may do
so in the future.
As of December 31, 2023, the Adviser managed approximately $1.7 billion of client assets on a
discretionary basis and no assets on a non-discretionary basis.