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    Junior Gold Miners ETF (GDXJ)

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    GDXJ_icon_NEW

    The Junior Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index. The Market Vectors Junior Gold Miners Index is a rules-based, modified market capitalization-weighted, float-adjusted index intended to investors exposure to small- and medium-capitalization companies in the gold or silver mining industry.

    PDF Investment Case for Junior Miners

  • Details

     

    As of August 31, 2010

    Fund Ticker
    GDXJ
    Intraday NAV (IIV)
    GDXJ.IV
    Index Ticker
    MVGDXJTR
    Exchange
    NYSE Arca
    Commencement Date
    11/10/2009


    Gross Expense Ratio *
    0.59%
    Net Expense Ratio *
    0.59%
    Options
    Available
    AUM
    $1276.9MM
    * Expenses for the fund are capped contractually at 0.59% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of June 30, 2010

    INCEPTION DATE
    09/01/2009
    CURRENCY
    USD
    PRICE/EARNING RATIO
    24.32
    PRICE/BOOK RATIO
    4.23
    MARKET CAP
    $46.3 B
    52 WEEK HIGH/LOW
    n.a. / n.a.
  • 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
    Junior Gold Miners ETFGDXJ $30.81
    $30.65
    1,186,781
    $0.37 + 1.2%

    $0.31 + 1.0%
    + 19.4%
    + 19.1%

    $-0.16
    -0.52%
    Chart Export 0.59/0.59
  • Ticker:- GDXJ;false;MVGDXJ;
  • Performance History (%)

    As of July 31, 2010
    1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    MVGDXJTR
    -3.12-8.694.44n.a.n.a.n.a.n.a.6.79
    FUND/NAV-2.88-8.643.22n.a.n.a.n.a.n.a.7.77
    FUND/Share Price-2.16-8.603.61n.a.n.a.n.a.n.a.7.89
    As of June 30, 2010
    1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    MVGDXJTR
    0.496.947.81n.a.n.a.n.a.n.a.10.23
    FUND/NAV10.961.296.816.28n.a.n.a.n.a.10.96
    FUND/Share Price0.415.995.91n.a.n.a.n.a.n.a.10.28
    *Commencement date: 11/10/2009
    †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 July 31, 2010
    LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    MVGDXJTR
    6.79%-3.12%-8.69%20.44%4.44%n.a.n.a.n.a.n.a.
    As of June 30, 2010
    LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    MVGDXJTR
    10.23%0.49%6.94%6.41%7.81%n.a.n.a.n.a.n.a.
    *Commencement date: 09/01/2009
    †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

     

    As of September 01, 2010 |TOTAL CONSTITUENTS: 61
    Holding
    Shares
    Market Value (USD)
    % of net assets
    New Gold Inc NGD CN11,866,18674,470,897
    5.76%
    SEMAFO Inc SMF CN8,058,15366,380,671
    5.14%
    Alamos Gold Inc AGI CN3,627,54758,556,185
    4.53%
    Allied Nevada Gold Corp ANV US2,072,28749,382,599
    3.82%
    Coeur d'Alene Mines Corp CDE US2,852,85349,154,657
    3.80%
    Detour Gold Corp DGC CN1,610,21547,123,382
    3.65%
    Hecla Mining Co HL US7,882,90744,932,570
    3.48%
    European Goldfields Ltd EGU CN4,371,93640,094,989
    3.10%
    Gabriel Resources Ltd GBU CN8,397,73139,027,596
    3.02%
    Silvercorp Metals Inc SVM CN5,119,29037,539,672
    2.90%
    As of September 01, 2010 |TOTAL CONSTITUENTS: 59
    Holding
    % of net assets
    NEW GOLD INC CA6445351068
    5.77%
    SEMAFO INC CA8169221089
    5.15%
    ALAMOS GOLD INC CA0115271086
    4.54%
    ALLIED NEVADA GOLD CORP US0193441005
    3.83%
    COEUR D'ALENE MINES CORP US1921085049
    3.81%
    DETOUR GOLD CORP CA2506691088
    3.65%
    HECLA MINING CO US4227041062
    3.48%
    EUROPEAN GOLDFIELDS LTD CA2987741006
    3.11%
    GABRIEL RESOURCES LTD CA3619701061
    3.03%
    SILVERCORP METALS INC CA82835P1036
    2.91%
  • Key Features

     

    Overview

    GDXJ’s underlying index1 delivers:

    Small-Cap Gold Miners

    Weighted average market capitalization of $850M2

    Early Stage Companies

    Many small-cap miners are in exploratory or early development phase—high risk but potential for high growth and merger and acquisition activity.

    Global Coverage

    Junior miners listed in Australia, Canada, China, South Africa, the United Kingdom and the United States which own gold properties around the world.

    1As of 9/30/2009.
    2Average market value of outstanding common stock of companies included in the index, weighted in proportion to their percentage in the index.

    The Index comprises:

    A focused group of small- and mid-cap companies many of which are involved in the exploration and development of new sources of gold either through greenfields exploration or the use of new geologic models to prospect for gold in overlooked or abandoned properties.

    Companies eligible for inclusion in Index:

    • Small- and mid-cap companies* that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of their revenues from gold or silver mining when developed, or primarily invest in gold or silver
    • Market cap exceeding $150 million
    • Daily average trading volume of at least $1.0 million and traded at least 250,000 shares per month over the last six months

    *As of 9/30/2009, companies with a market capitalization range of between approximately $200 million and $5 billion.

    Index provider:

  • Index Market Capitalization

     

    As of June 30, 2010
    LARGE (>5.0B)0.0%
    MEDIUM (1.0 - 5.0B)52.4%
    SMALL (0.2 -1.0B)46.2%
    MICRO (<.2B)1.4%
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    Important Disclosure

    Gold- and silver-related investments are subject to risks including bullion price volatility, changes in world political developments, competitive pressures and risks associated with foreign investments. In times of stable economic growth, the value of gold, silver and other precious metals may be adversely affected. Mining companies are subject to elevated risks, which include, among others, competitive pressures, commodity and currency price fluctuations, and adverse governmental or environmental regulations. In particular, small and mid-cap mining companies may be subject to additional risks including inability to commence production and generate material revenues, significant expenditures and inability to secure financing, which may cause such companies to operate at a loss, greater volatility, lower trading volume and less liquidity than larger companies. Investors should be willing to accept a high degree of volatility and the potential of significant loss.

    The Market Vectors Junior Gold Miners Index (the “Index”) is the exclusive property of 4asset-management GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards 4asset-management GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties.

    The Market Vectors Junior Gold Miners ETF is not sponsored, endorsed, sold or promoted by 4asset-management GmbH and 4asset-management GmbH makes no representation regarding the advisability of investing in the Fund.

    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