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  • Ticker:- GDXJ;false;MVGDXJ;
  • Ticker Group:- ETFEQ_GOLD;false;;

  • Making News

    Barron's: A Vein of Hope for Gold Miners


    4/22/13: Though gold mining stocks have fallen out of favor, Barron’s identifies pockets of opportunity, especially GDX. “Given the risks of individual stocks, a better option for investors could be an ETF like the Market Vectors fund…” GDXJ also receives mention.

    View article >> 


    The Motley Fool: GDX - Dig Deep for Great Value


    2/12/13: The Motley Fool highlights GDX: "with many high-quality names crammed into this ETF, the Market Vectors Gold Miners ETF (GDX), with its 1.1% yield, could pack a shiny punch." 
      View article >> 


    HAI Interviews Foster on 2012 in Review and 2013 Outlook


    12/31/12: HAI gleans from Foster that higher 2013 gold prices and 2012’s executive changes should lift mining stocks. “Companies have come to realize they can't deliver the growth they have promised in the past. Instead, they need to focus on cost control, returns to shareholders and bottom-line profits.”
    View interview >> 


    Bloomberg Radio: Foster Sees Correlation between Gold and Gold-Mining Stocks


    11/21/12: Bloomberg's Pimm Fox interviews Joe Foster on the correlation between gold-mining stocks and gold. “I think this is a good entry point” into gold stocks, says Foster. “A lot of the problems that have caused the underperformance of gold stocks, I think, may turn around in the coming year.”
    Listen to interview >> 


    Barron's: GDX in Gold-Mining Stocks for the Long Run


    11/19/12: Barron’s Michael Kahn spotlights GDX and writes, "...the evidence we have...right now still favors the long-term bullish case for the miners."

    View article >> 


    The WSJ: The Best Route to Play Commodities?


    11/04/12: Joe Foster speaks to The Wall Street Journal in an article that provides guidelines on selecting commodity investment vehicles.  “Mining companies are trimming expenses and giving better guidance to investors,” says Foster.
    View article >> 


  • How to Purchase

    Learn more

Junior Gold Miners ETF GDXJ

  • Full Name: Market Vectors®
    Junior Gold Miners ETF (GDXJ®)

    Management Style: Replication

    Underlying Index: Market Vectors® Global Junior Gold Miners Index (MVGDXJTR)

    Index Description: MVGDXJTR is a rules-based, modified market capitalization-weighted, float-adjusted index intended to provide investors exposure to small- and medium-capitalization companies in the gold and/or silver mining industry.

  •    

    • Fund Ticker

      GDXJ

    • Exchange

      NYSE Arca

    • Index Total Return Ticker

      MVGDXJTR

    • Index Provider

      Market Vectors Index Solutions

    • Total Net Assets

      $1.4B

    • Shares Outstanding

      132,000,000

    • Number of Holdings

      77

    • Commencement Date

      11/10/2009

  •   as of 05/17/13

  • Key Points

    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 that own gold properties around the world
    Based on Market Vectors Index 
    Liquid, Inclusive, Diversified, Transparent

  • Trading Information

    • Fund Ticker

      GDXJ

    • Index Total Return Ticker

      MVGDXJTR

    • NAV

      GDXJNV

    • Intraday NAV (IIV)4

      GDXJIV

    • Shares Outstanding

      132,000,000

    • Estimated Cash

      GDXJEU

    • Total Cash

      GDXJTC

    • CUSIP

      57060U589

    • ISIN

      US57060U5891
    Source: Bloomberg

  • Fees & Expenses2

    • Management Fee

      0.50%

    • Other Expenses

      0.05%

    • Gross Expense Ratio

      0.55%

    • Fee Waivers and
      Expense Reimbursement

      0.00%

    • Net Expense Ratio

      0.55%
    2 Expenses for GDXJ are capped contractually at 0.56% until at least May 1, 2014. Cap excludes certain expenses, such as interest. See Important Disclosure for more information.

  • Prices as of 05/17/13

    TickerNAV/
    Last Price    		Avg. 30-Day
    Trading
    Volume    		Daily Change
    NAV/
    Last Price    		 YTD Change
    NAV/
    Last Price    		Premium/
    Discount    		Prem/Discount
    Distribution Charts    		NAV &
    Prem/Discount
    History    		NAV
    Price
    Chart
    GDXJ $10.60
    $10.46         		4,830,039
    5,370,886
    $-0.48 / -4.3%
    $-0.55 / -5.0%
    		- 46.4%
    - 47.2%
    		$-0.14
    -1.32%

  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    11/10/09
    GDXJ (NAV) -23.30 -32.47 -35.44 -43.02 -19.58 -- -- -13.14
    GDXJ (Share Price) -23.42 -32.10 -35.22 -42.89 -19.51 -- -- -13.06
    MVGDXJTR (Index) -23.39 -32.48 -35.32 -42.73 -18.97 -9.64 -- -12.79
    Performance Differential (NAV - Index) 0.09 0.01 -0.12 -0.29 -0.61 -- -- -0.35
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    11/10/09
    GDXJ (NAV) -23.30 -32.47 -35.44 -43.02 -19.58 -- -- -13.14
    GDXJ (Share Price) -23.42 -32.10 -35.22 -42.89 -19.51 -- -- -13.06
    MVGDXJTR (Index) -23.39 -32.48 -35.32 -42.73 -18.97 -9.64 -- -12.79
    Performance Differential (NAV - Index) 0.09 0.01 -0.12 -0.29 -0.61 -- -- -0.35

    *Returns less than one year are not annualized.

    The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF 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.

  • View All Holdings » Top 10 Holdings (%) as of 04/30/13

    Total Holdings: 77
    Holding Name
    Ticker
    		 Shares Market Value
    (US$)     		% of Net
    Assets
    Argonaut Gold Ltd
    AR CN
    		 11,631,485 73,777,277 4.34
    Torex Gold Resources Inc
    TXG CN
    		 48,769,985 67,880,876 3.99
    China Gold Inttl Resources Corp Ltd
    CGG CN
    		 19,507,294 55,466,383 3.26
    LionGold Corp Ltd
    LIGO SP
    		 58,769,000 54,667,505 3.21
    Sandstorm Gold Ltd
    SSL CN
    		 6,322,539 51,166,146 3.01
    Perseus Mining Ltd
    PRU CN
    		 36,210,442 51,119,777 3.00
    OceanaGold Corp
    OGC CN
    		 23,208,076 50,299,354 2.96
    Dundee Precious Metals Inc
    DPM CN
    		 7,706,112 49,491,956 2.91
    Medusa Mining Ltd
    MML AU
    		 14,174,419 48,341,089 2.84
    Aurizon Mines Ltd
    AZK US
    		 11,152,942 48,180,709 2.83
    Top 10 Total (%) 32.35
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Domicile Weightings (%) as of 04/30/13

    • Domicile

      % of Net Assets

    • CANADA

      58.7

    • AUSTRALIA

      22.6

    • UNITED STATES

      7.8

    • UNITED KINGDOM

      4.4

    • SINGAPORE

      3.2

    • CHINA

      2.9

    • SOUTH AFRICA

      0.4

    • Other

      -0.1

    • Total

      99.9

  • Sector Weightings (%) as of 04/30/13

    • Sector

      % of Net Assets

    • Materials

      96.6

    • Information Technology

      3.2

    • n/a

      0.3

    • Other

      -0.1

    • Total

      100.0
  • Contact Us

    Van Eck Securities
    Corporation, Distributor
    335 Madison Avenue, 19th Fl.
    New York, NY 10017
    888.MKT.VCTR
    888.658.8287
    marketvectors@vaneck.com

  • Important Disclosure

    130-Day SEC Yield is calculated daily, and is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by summing any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

    2GDXJ Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.56% of the Fund’s average daily net assets per year until at least May 1, 2014. During such time,the expense limitation is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation.

    3Morningstar Ratings: ©2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

    4IIV is an abbreviation for An ETF's intraday indicative value; it is an estimated fair value of its holdings based on the most recent prices of its underlying securities and other assets. Intraday values are typically updated every 15 seconds and should closely approximate the net asset value (NAV) of an ETF throughout the trading day. ETF intraday values are calculated by an exchange (e.g., the NYSE Arca) and are distributed through quote services.

    For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

    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 Global 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 S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    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. Bonds and bond funds will decrease in value as interest rates rise. 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

 © 2013 Van Eck Securities Corporation. All rights reserved.