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    Gold Miners ETF (GDX)

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    GDX_icon_NEW

    The Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index.

    The Index provides exposure to publicly traded companies worldwide involved primarily in the mining for gold, representing a diversified blend of small-, mid- and large- capitalization stocks. As such, the Fund is subject to the risks of investing in this sector.

    GDM is a modified market capitalization-weighted index comprised of publicly traded companies involved primarily in the mining for gold.

  • Ticker:- GDX;false;GDM;

  • Details

    Fund | Index

     

    Fact Sheet PDF
    As of August 31, 2010

    Fund Ticker
    GDX
    Intraday NAV (IIV)
    GMI
    Index Ticker
    GDM
    Exchange
    NYSE Arca
    Commencement Date
    05/16/2006


    Gross Expense Ratio *
    0.54%
    Net Expense Ratio *
    0.53%
    Options
    Available
    AUM
    $6935.3MM
    * Expenses for the fund are capped contractually at 0.53% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of June 30, 2010
    INCEPTION DATE
    10/07/2004
    CURRENCY
    USD
    PRICE/EARNING RATIO
    69.23
    PRICE/BOOK RATIO
    2.4
    MARKET CAP
    $235.3 B
    52 WEEK HIGH/LOW
    1510.14 / 1110.25

  • Prices

     

    As of September 01, 2010
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		Price HistoryExp. Ratio*
    Gross/Net
    Gold Miners ETFGDX $52.88
    $52.85         		7,926,403
    $-0.72 - 1.3%

    $-0.76 - 1.4%
    		+ 14.6%
    + 14.4%
    		$-0.03
    -0.06%     		Chart Export 0.54/0.53

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of June 30, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    GDM
    		4.6717.5312.9938.6012.60n.a.n.a.7.81
    FUND/NAV4.6317.3612.6837.7911.83n.a.n.a.7.31
    FUND/Share Price4.2117.0012.4437.7211.79n.a.n.a.7.29
    As of June 30, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    GDM
    		4.6717.5312.9938.6012.60n.a.n.a.7.81
    FUND/NAV7.314.6317.3612.6837.7911.83n.a.7.31
    FUND/Share Price4.2117.0012.4437.7211.79n.a.n.a.7.29
    *Commencement date: 05/16/2006
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflect current temporary waivers of expenses and/or fees. Had the Market Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of Market Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    As of June 30, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    GDM
    		7.81%4.67%17.53%7.45%12.99%38.60%12.60%n.a.n.a.
    As of June 30, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    GDM
    		7.81%4.67%17.53%7.45%12.99%38.60%12.60%n.a.n.a.
    *Commencement date: 10/07/2004
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance may be lower or higher than performance data quoted.

  • Top 10 Holdings

    Fund | Index

     

    As of September 01, 2010 |TOTAL CONSTITUENTS: 31
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Barrick Gold Corp ABX US25,880,2541,176,182,730
    17.24%
    Goldcorp Inc GG US19,431,797843,534,308
    12.36%
    Newmont Mining Corp NEM US12,914,283778,989,551
    11.42%
    AngloGold Ashanti Ltd AU US9,531,583401,281,694
    5.88%
    Eldorado Gold Corp EGO US18,180,690350,160,089
    5.13%
    Kinross Gold Corp KGC US19,732,585331,680,983
    4.86%
    Cia de Minas Buenaventura SA BVN US8,004,144331,851,810
    4.86%
    Agnico-Eagle Mines Ltd AEM US5,056,531325,943,988
    4.78%
    Gold Fields Ltd GFI US22,798,424325,601,293
    4.77%
    Randgold Resources Ltd GOLD US3,258,163299,490,343
    4.39%
    As of September 01, 2010 |TOTAL CONSTITUENTS: 30
    Holding
    % of net assets
    BARRICK GOLD CORP CA0679011084
    17.20%
    GOLDCORP INC CA3809564097
    12.37%
    NEWMONT MINING CORP US6516391066
    11.42%
    ANGLOGOLD ASHANTI-SPON ADR US0351282068
    5.87%
    ELDORADO GOLD CORP CA2849021035
    5.13%
    CIA DE MINAS BUENAVENTUR-ADR US2044481040
    4.87%
    KINROSS GOLD CORP CA4969024047
    4.85%
    AGNICO-EAGLE MINES LTD CA0084741085
    4.78%
    GOLD FIELDS LTD-SPONS ADR US38059T1060
    4.74%
    RANDGOLD RESOURCES LTD-ADR US7523443098
    4.39%

  • Key Features

    Fund | Index

     

    Nation's First Gold Shares ETF

    a sector that has historically provided a hedge against extreme volatility in general financial markets

    Pure Play with Global Scope

    index constituents must be primarily involved in the mining for gold

    Comprehensive Portfolio

    a range of small, mid-sized, and large gold mining companies from around the globe

    Potential for Income and Possible Tax Advantages

    versus bullion investments

    The Index comprises:

    The broadest range of small-, mid-  and large-cap comparnies in any gold-mining index

    Companies eligible for inclusion in Index:
    • Involved primarily in the mining for gold
    • Market cap exceeding $100 million
    • Average daily trading volume of at least 50,000 shares over the past six months

    Index provider:

    NYSE Alternext  

  • 3-Year Index Statistics1

    Index

     

    As of June 30, 2010
    CORRELATION (VS. SPX) 0.34
    ANNUALIZED VOLATILITY 49.29
    BETA (VS. SPX)0.82
    SHARPE0.35

  • Index Market Capitalization

     

    As of June 30, 2010
    LARGE (>5.0B)88.1%
    MEDIUM (1.0 - 5.0B)9.5%
    SMALL (<1.0B)2.5%
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    Important Disclosure

    The Fund is subject to various risks including those associated with making investments in gold-mining companies including competitive pressures and fluctuations in the price of gold bullion. In times of stable economic growth, the value of gold and other precious metals may be adversely affected.

    The NYSE Arca Gold Miners Index (GDM), a trademark of NYSE Euronext or its affiliates (NYSE Euronext), is licensed for use by Van Eck Associates Corporation in connection with Market Vectors Gold Miners ETF (GDX). NYSE Euronext neither sponsors nor endorses GDX and makes no warranty or representation as to the accuracy and/or completeness of GDM or results to be obtained by any person from using GDM in connection with trading GDX.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information.  Please read the prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor