Sam Halpert and Geoffrey King rejoin VanEck, further strengthening one of the industry’s deepest natural resource investment teams. The two will continue as portfolio managers, through a VanEck sub-advisory agreement, for certain Macquarie natural resource-focused portfolios.

VanEck is today welcoming Sam Halpert and Geoffrey King back to the firm. The pair, both seasoned portfolio managers, bring back extensive expertise.

Halpert most recently served as Head of Global Natural Resources Equity at Macquarie, following an 18-year tenure at VanEck in roles including co-Portfolio Manager and Senior Analyst. King was Portfolio Manager on the Global Natural Resources Equity team, which followed leadership roles at Abraxas Petroleum and five years as a Senior Energy Analyst at VanEck. Together, they add depth and diversity to VanEck’s natural resource investing efforts.

Halpert and King will continue as portfolio managers, through a VanEck sub-advisory agreement, for certain Macquarie natural resource-focused portfolios, including the Macquarie Natural Resources Fund.

“VanEck has always prided itself on its people, and our ability to attract top-tier investment management talent has been one of our defining characteristics. We could not be more pleased to be saying ‘welcome home’ to Sam and Geoff. My colleagues and I are very excited about the acumen, experience and insights they instantly add to our natural resource-focused efforts,” said Jan van Eck, CEO of VanEck.

VanEck has long been recognized as a pioneer and leader in natural resource equity strategies, with a track record spanning decades. The firm recently celebrated its 70th anniversary, and today manages more than $35 billion in assets across natural resource equities, commodities and gold. VanEck is home to the U.S.’s longest-running gold fund, the VanEck International Investors Gold Fund (INIVX), which has a track record of over 50 years. The firm also manages a range of commodity-only funds, quantitative models and private opportunities.

“With our wide range of ETFs, mutual funds, models, variable insurance products, SMAs and more, we have focused on making the firm a premier destination for all types of investors looking for a comprehensive suite of natural resource solutions,” added van Eck. “Sam and Geoff rejoin a team distinguished not only by its depth of market knowledge, but also by hands-on experience as engineers and geologists. That in-the-field expertise defines our approach and sets us apart as truly active managers in the resource space.”

For more information on VanEck’s views on a variety of topics in Natural Resource investing, please click here.

About VanEck

VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of August 31, 2025, VanEck managed approximately $145.7 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

Important Disclosures

This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.

You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to risks which may include, but are not limited to, risks associated with active management, commodities and commodity-linked instruments, commodities and commodity-linked instruments tax, derivatives, direct investments, emerging market issuers, ESG investing strategy, foreign currency, foreign securities, gold and silver mining companies, market, non-diversified, operational, regulatory, investing in other funds, small- and medium-capitalization companies, special risk considerations of investing in Australian and Canadian issuers, subsidiary investment risk, and tax risks (with respect to investments in the Subsidiary), all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks. Derivatives may involve certain costs and risks such as liquidity, interest rate, and the risk that a position could not be closed when most advantageous. Investments in the gold industry can be significantly affected by international economic, monetary and political developments. The Fund’s overall portfolio may decline in value due to developments specific to the gold industry.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Funds carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

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Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

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“VanEck has always prided itself on its people, and our ability to attract top-tier investment management talent has been one of our defining characteristics," Jan van Eck, CEO of VanEck.