Fund Description

Incepted in November 1994, the fund is managed by Troika Dialog Asset Management and Van Eck Associates Corporation. The fund seeks long-term capital appreciation by investing primarily in 'hard asset securities.' Income is a secondary consideration. Under normal conditions, the fund invests at least 80% of total assets in 'hard asset securities.' 'Hard asset securities' are the stocks, bonds and other securities of companies that derive at least 50% of gross revenue or profit from exploration, development, production or distribution. The fund invests at least 5% of its assets in the hard asset sectors of commodities, natural resources, precious metals and real estate. The fund invests in at least three countries including the United States. However, there is no limit on the amount the fund may invest in any one country, developed or underdeveloped. The fund declares and pays dividends in June and December. Capital gains, if any, are distributed in annually in December.