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GDX
VanEck Vectors Gold Miners ETF

  • Fund Description

    VanEck Vectors® Gold Miners ETF (GDX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (GDMNTR), which is intended to track the overall performance of companies involved in the gold mining industry.

  •  
      

    • Fund Ticker

      GDX

    • Exchange

      NYSE Arca

    • Commencement

      05/16/2006

    • ETF Structure

      Physical

    • Administrator

      Van Eck Associates

    • Custodian

      Bank of New York Mellon

    • Index Ticker

      GDMNTR

    • Index Rebalancing

      Quarterly

  •  
    as of 05/24/17

    • 30-Day SEC Yield1

      0.30%

    • Total Net Assets

      $9.0B

    • Number of Holdings

      53

    • Options

      Available

    • Gross Expense Ratio2

      0.51%

    • Net Expense Ratio/TER2

      0.51%

    • Distribution Frequency

      Annual

    • Next Distribution Date

      12/15/2017

  • Portfolio Composition (%)
    as of 05/24/17

    • % of Net Assets

    • Stocks

      99.67

    • Bonds

      0.00

    • Other

      0.00

    • Cash

      0.33

  • Download All HoldingsDaily Holdings (%) as of 05/24/17

    Total Holdings: 53
    Holding Name
    Ticker
    		SharesMarket Value
    (US$)    		% of Net
    Assets
    Barrick Gold Corp
    ABX US
    53,073,425
    		886,856,9329.81
    Newmont Mining Corp
    NEM US
    24,190,425
    		814,249,7069.01
    Franco-Nevada Corp
    FNV US
    8,118,529
    		595,412,9176.59
    Newcrest Mining Ltd
    NCM AU
    34,939,303
    		543,436,2506.01
    Goldcorp Inc
    GG US
    38,867,278
    		532,093,0365.89
    Agnico Eagle Mines Ltd
    AEM US
    10,300,453
    		497,202,8665.50
    Randgold Resources Ltd
    GOLD US
    4,488,424
    		418,769,9594.63
    Wheaton Precious Metals Corp
    WPM US
    19,790,294
    		411,044,4064.55
    Kinross Gold Corp
    KGC US
    65,639,578
    		278,311,8113.08
    Royal Gold Inc
    RGLD US
    3,445,396
    		274,598,0613.04
    Anglogold Ashanti Ltd
    AU US
    21,529,247
    		255,121,5772.82
    Cia De Minas Buenaventura Saa
    BVN US
    14,496,394
    		174,826,5121.93
    Gold Fields Ltd
    GFI US
    43,323,757
    		168,096,1771.86
    Evolution Mining Ltd
    EVN AU
    88,630,213
    		162,118,2721.79
    Tahoe Resources Inc
    TAHO US
    16,398,397
    		150,865,2521.67
    Yamana Gold Inc
    AUY US
    53,095,482
    		148,667,3501.64
    Pan American Silver Corp
    PAAS US
    8,028,750
    		139,459,3881.54
    Centamin Plc
    CEY LN
    60,790,646
    		130,895,3451.45
    Eldorado Gold Corp
    EGO US
    37,789,368
    		129,995,4261.44
    Hecla Mining Co
    HL US
    20,853,739
    		124,288,2841.37
    Detour Gold Corp
    DGC CN
    9,225,535
    		122,371,1421.35
    B2gold Corp
    BTG US
    49,539,823
    		122,363,3631.35
    Northern Star Resources Ltd
    NST AU
    31,687,481
    		111,349,3241.23
    Oceanagold Corp
    OGC CN
    32,240,668
    		104,814,5511.16
    Iamgold Corp
    IAG US
    23,765,841
    		103,856,7251.15
    Zijin Mining Group Co Ltd
    2899 HK
    303,052,000
    		99,461,9061.10
    Centerra Gold Inc
    CG CN
    16,486,822
    		97,017,3801.07
    Coeur Mining Inc
    CDE US
    9,548,185
    		91,949,0221.02
    Alamos Gold Inc
    AGI US
    14,043,812
    		89,739,9590.99
    Kirkland Lake Gold Ltd
    KL CN
    11,447,370
    		87,119,9190.96
    New Gold Inc
    NGD US
    27,091,250
    		78,835,5380.87
    Independence Group Nl
    IGO AU
    30,956,838
    		77,635,3310.86
    First Majestic Silver Corp
    AG US
    8,627,878
    		76,701,8350.85
    Endeavour Mining Corp
    EDV CN
    4,443,920
    		70,087,1180.78
    Torex Gold Resources Inc
    TXG CN
    4,187,682
    		69,846,6230.77
    Regis Resources Ltd
    RRL AU
    29,033,288
    		69,174,1270.77
    Silver Standard Resources Inc
    SSRI US
    6,758,399
    		66,637,8140.74
    Osisko Gold Royalties Ltd
    OR US
    6,036,440
    		65,314,2810.72
    Sibanye Gold Ltd
    SBGL US
    11,132,561
    		65,236,8070.72
    St Barbara Ltd
    SBM AU
    28,821,089
    		62,302,6020.69
    Harmony Gold Mining Co Ltd
    HMY US
    23,192,385
    		51,023,2470.56
    Mcewen Mining Inc
    MUX US
    16,956,279
    		47,477,5810.53
    Guyana Goldfields Inc
    GUY CN
    9,687,329
    		40,646,1360.45
    Sibanye Gold Ltd
    SBGL-R-W US
    16,862,709
    		40,639,1290.45
    Zhaojin Mining Industry Co Ltd
    1818 HK
    46,025,500
    		38,999,5600.43
    Saracen Mineral Holdings Ltd
    SAR AU
    46,798,676
    		37,002,9140.41
    Semafo Inc
    SMF CN
    17,130,619
    		36,448,1260.40
    Fortuna Silver Mines Inc
    FVI CN
    8,225,808
    		35,798,9710.40
    Resolute Mining Ltd
    RSG AU
    38,886,649
    		33,790,8860.37
    Klondex Mines Ltd
    KLDX US
    9,076,125
    		29,406,6450.33
    Sandstorm Gold Ltd
    SAND US
    8,513,006
    		29,369,8710.32
    Asanko Gold Inc
    AKG US
    11,393,712
    		22,901,3610.25
    Other/Cash
    --
    --
    		29,694,9270.33
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules. 

    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.

    2GDX 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 0.53% of the Fund's average daily net assets per year until at least May 1, 2018. 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. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

    3Morningstar Ratings : If applicable, when the ETF is rated three stars or more for any given period. ©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 the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    6The 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.

    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.

    An investment in the Fund may be subject to risks which include, among others, investing in gold and silver mining companies, Canadian issuers, foreign securities, currency, depositary receipts, small-and medium-capitalization companies, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, replication management risk, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's return. Small- and medium-capitalization companies may be subject to elevated risks. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

    The NYSE Arca Gold Miners Index (GDMNTR), a trademark of NYSE Euronext or its affiliates (NYSE Euronext), is licensed for use by Van Eck Associates Corporation in connection with VanEck 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 GDMNTR or results to be obtained by any person from using GDMNTR 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 VanEck 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. VanEck 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. 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 800.826.2333 or visit  vaneck.com/etfs . Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor
666 Third Avenue
New York, NY 10017
800.826.2333

 



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