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  • Market Vectors® Gold Miners ETF (GDX)

  •  
    GDX_icon_NEW

    The Market Vectors® Gold Miners ETF (GDX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of NYSE Arca Gold Miners Index (GDM).  GDM is a modified market capitalization-weighted index, and provides exposure to publicly traded companies worldwide involved primarily in gold mining, 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. 
    PDF TinyImpact of Inflation and Deflation on Case for Gold

  • Ticker:- GDX;false;GDM;

  • Details

    Fund | Additional Information

     

    Fact Sheet PDF
    As of February 04, 2012

    Fund Ticker
    GDX
    ISIN
    US57060U1007
    Intraday NAV (IIV)
    GMI.IV
    Index Ticker
    GDM
    Exchange
    NYSE Arca
    Commencement Date
    05/16/2006


    Gross Expense Ratio *
    0.53%
    Net Expense Ratio *
    0.53%
    Options
    Available
    AUM
    $9398.8MM
    * Expenses for the Fund are capped contractually at 0.53% until 05/01/2012. Cap excludes certain expenses, such as interest.
    As of December 31, 2011
    Index Ticker
    GDM
    Index Inception Date
    10/07/2004
    Currency
    USD
    Fund Price/Earning Ratio
    15.61
    Fund Price/Book Ratio
    1.92
    Fund Avg. Weighted Market Cap
    $20143.8 MM
    52 Week High/Low
    1845.46 / 1390.00

  • Fund Prices

     

    as of February 03, 2012
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		NAV Price History

    Premium-Discount    		Expense Ratio*
    Gross/Net
    Gold Miners ETFGDX $56.40
    $56.44         		16,555,390
    $-1.09
    -1.9%

    $-1.03
    -1.8%
    		+ 9.5%
    + 9.7%
    		$0.04
    0.07%     		Chart Export 0.53/0.53

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of December 31, 2011
    		1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    GDM
    		-14.37-6.18-15.48-15.4816.276.35n.a.10.80
    FUND/NAV-14.40-6.29-15.93-15.9315.645.84n.a.5.30
    FUND/Share Price-14.61-6.54-16.08-16.0815.385.79n.a.5.27
    As of December 31, 2011
    		1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    GDM
    		-14.37-6.18-15.48-15.4816.276.35n.a.10.80
    FUND/NAV-14.40-6.29-15.93-15.9315.645.84n.a.5.30
    FUND/Share Price-14.61-6.54-16.08-16.0815.385.79n.a.5.27
    *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 reflects 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. The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    As of December 31, 2011
    		LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    GDM
    		10.80%-14.37%-6.18%-5.20%-15.48%-15.48%6.35%10.80%n.a.%
    As of December 31, 2011
    		LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    GDM
    		10.80%-14.37%-6.18%-5.20%-15.48%-15.48%16.27%6.35%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 February 03, 2012 |TOTAL CONSTITUENTS: 32
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Barrick Gold Corp ABX US30,463,1701,494,827,752
    15.90%
    Goldcorp Inc GG US24,826,9501,182,011,090
    12.58%
    Newmont Mining Corp NEM US15,072,072919,547,113
    9.78%
    Anglogold Ashanti Ltd AU US11,747,850546,392,504
    5.81%
    Silver Wheaton Corp SLW US13,053,809469,414,972
    4.99%
    Yamana Gold Inc AUY US27,144,855465,534,263
    4.95%
    Cia De Minas Buenaventura Sa BVN US10,833,177456,401,747
    4.86%
    Randgold Resources Ltd GOLD US3,931,594456,733,275
    4.86%
    Gold Fields Ltd GFI US26,467,557436,714,691
    4.65%
    Kinross Gold Corp KGC US36,954,570413,891,184
    4.40%
    As of February 03, 2012 |TOTAL CONSTITUENTS: 31
    Holding
    Weighting
    BARRICK GOLD CORP. ABX
    15.91%
    GOLDCORP INC GG
    12.58%
    NEWMONT MINING CORP NEM
    9.79%
    ANGLOGOLD ASHANTI-SPON ADR AU
    5.82%
    SILVER WHEATON CORP SLW
    5.00%
    YAMANA GOLD INC AUY
    4.96%
    RANDGOLD RESOURCES LTD. GOLD
    4.86%
    COMPANIA DE MINAS BUENAVENTURA SA BVN
    4.86%
    GOLD FIELDS LTD-SPONS ADR GFI
    4.65%
    KINROSS GOLD CORP KGC
    4.41%

  • Fund Country Breakdown

    Fund

     

    As of December 31, 2011
    Canada61.2%
    United States16.0%
    South Africa13.3%
    Peru4.8%
    United Kingdom4.7%

  • 3-Year Fund Statistics1

    Fund

     

    As of December 31, 2011
    CORRELATION (VS. SPX) 0.3
    BETA (VS. SPX)1.99

  • Fund Market Capitalization

    Fund

     

    As of December 31, 2011
    LARGE (>5.0B)86.2%
    MEDIUM (1.0 - 5.0B)11.9%
    SMALL (<1.0B)1.9%

  • 1 Correlation is the similarity in performance. Volatility is the annualized standard deviation of monthly index returns. Beta is a measure of sensitivity to market movements. Sharpe is the risk adjusted return and is the return less the risk free rate divided by the standard deviation.


    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

    The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value.  Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    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 substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor