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  • Market Vectors® Junior Gold Miners ETF (GDXJ)

  •  
    GDXJ_icon_NEW

    The Market Vectors® Junior Gold Miners ETF (GDXJ) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (MVGDXJTR), 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 Tiny The Impact of Inflation and Deflation on the Case for Gold

  • Details

    Fund | Additional Information

     

    Fact Sheet PDF
    As of February 04, 2012

    Fund Ticker
    GDXJ
    ISIN
    US57060U5891
    Intraday NAV (IIV)
    GDXJ.IV
    Index Ticker
    MVGDXJTR
    Exchange
    NYSE Arca
    Commencement Date
    11/10/2009


    Gross Expense Ratio *
    0.54%
    Net Expense Ratio *
    0.54%
    Options
    Available
    AUM
    $2575.7MM
    * Expenses for the fund are capped contractually at 0.56% until 05/01/2012. Cap excludes certain expenses, such as interest.
    As of December 31, 2011
    Index Ticker
    MVGDXJTR
    Index Inception Date
    09/01/2009
    Currency
    USD
    Fund Price/Earning Ratio
    12.79
    Fund Price/Book Ratio
    2.05
    Fund Avg. Weighted Market Cap
    $715 MM
    52 Week High/Low
    3437.66 / 2026.30

  • 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
    Junior Gold Miners ETFGDXJ $29.81
    $29.61         		3,181,537
    $-0.33
    -1.1%

    $-0.58
    -1.9%
    		+ 21.9%
    + 19.9%
    		$-0.20
    -0.67%     		Chart Export 0.54/0.54
  • Ticker:- GDXJ;false;MVGDXJ;

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of December 31, 2011
    		1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    MVGDXJTR
    		-13.94-8.78-33.80-33.80n.a.n.a.n.a.6.17
    FUND/NAV-13.52-7.86-34.57-34.57n.a.n.a.n.a.5.97
    FUND/Share Price-12.49-6.62-34.10-34.10n.a.n.a.n.a.6.43
    As of December 31, 2011
    		1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    MVGDXJTR
    		-13.94-8.78-33.80-33.80n.a.n.a.n.a.6.17
    FUND/NAV-13.52-7.86-34.57-34.57n.a.n.a.n.a.5.97
    FUND/Share Price-12.49-6.62-34.10-34.10n.a.n.a.n.a.6.43
    *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 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
    MVGDXJTR
    		6.17%-13.94%-8.78%-23.50%-33.80%-33.80%n.a.%6.17%n.a.%
    As of December 31, 2011
    		LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    MVGDXJTR
    		6.17%-13.94%-8.78%-23.50%-33.80%-33.80%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

    Fund | Index

     

    As of February 03, 2012 |TOTAL CONSTITUENTS: 82
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Alamos Gold Inc AGI CN6,577,699129,075,570
    5.01%
    Perseus Mining Ltd PRU AU24,324,65478,850,681
    3.06%
    Silvercorp Metals Inc SVM CN9,296,06575,097,074
    2.92%
    Nevsun Resources Ltd NSU CN11,109,24471,661,740
    2.78%
    Minefinders Corp MFN US4,481,39666,817,614
    2.59%
    Kingsgate Consolidated Ltd KCN AU7,438,36163,787,984
    2.48%
    Kirkland Lake Gold Inc KGI CN3,219,89460,175,864
    2.34%
    Medusa Mining Ltd MML AU9,122,40760,072,264
    2.33%
    B2Gold Corp BTO CN14,333,09855,589,810
    2.16%
    Endeavour Silver Corp EXK US4,806,79853,259,322
    2.07%
    As of February 06, 2012 |TOTAL CONSTITUENTS: 79
    Holding
    Weighting
    ALAMOS GOLD INC AGI CN
    5.03%
    PERSEUS MINING LTD PRU AU
    3.03%
    SILVERCORP METALS INC SVM CN
    2.93%
    NEVSUN RESOURCES LTD NSU CT
    2.79%
    MINEFINDERS CORP MFN US
    2.60%
    MCEWEN MINING INC UXG US
    2.46%
    KINGSGATE CONSOLIDATED LTD KCN AU
    2.46%
    KIRKLAND LAKE GOLD INC KGI CN
    2.34%
    MEDUSA MINING LTD MML AU
    2.31%
    B2GOLD CORP BTO CN
    2.17%

  • Key Features

    Fund | Index

     

    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.
    Based on Market Vectors Index

    Liquid, Inclusive, Diversified, Transparent

     

    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:
    Market Vectors Index Solutions  

  • 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 Market Vectors Index Solutions GmbH (a wholly owned subsidiary of the Adviser), 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 Market Vectors Index Solutions 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 Market Vectors Index Solutions GmbH and Market Vectors Index Solutions 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.

    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
    335 Madison Avenue, 19th Floor
    New York, NY 10017
    800.826.2333