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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 07/27/17

    • 30-Day SEC Yield1

      0.42%

    • Total Net Assets

      $7.5B

    • Number of Holdings

      51

    • 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 07/27/17

    • % of Net Assets

    • Stocks

      100.05

    • Bonds

      0.00

    • Other

      0.00

    • Cash

      -0.05

  • Download All HoldingsDaily Holdings (%) as of 07/27/17

    Total Holdings: 51
    Holding Name
    Ticker
    		SharesMarket Value
    (US$)    		% of Net
    Assets
    Newmont Mining Corp
    NEM US
    21,529,322
    		784,528,49410.43
    Barrick Gold Corp
    ABX US
    47,274,440
    		781,446,49310.39
    Franco-Nevada Corp
    FNV US
    7,191,166
    		515,606,6026.85
    Newcrest Mining Ltd
    NCM AU
    31,101,713
    		496,321,5256.60
    Goldcorp Inc
    GG US
    34,627,652
    		443,580,2225.90
    Agnico Eagle Mines Ltd
    AEM US
    9,137,910
    		431,674,8685.74
    Wheaton Precious Metals Corp
    WPM US
    17,154,149
    		345,999,1854.60
    Randgold Resources Ltd
    GOLD US
    3,584,905
    		329,524,4684.38
    Royal Gold Inc
    RGLD US
    2,807,960
    		240,417,5353.20
    Kinross Gold Corp
    KGC US
    53,214,811
    		219,245,0212.91
    Anglogold Ashanti Ltd
    AU US
    17,516,372
    		170,609,4632.27
    Cia De Minas Buenaventura Saa
    BVN US
    11,781,515
    		146,679,8621.95
    Gold Fields Ltd
    GFI US
    35,114,338
    		135,190,2011.80
    Evolution Mining Ltd
    EVN AU
    71,795,796
    		128,804,2111.71
    Sibanye Gold Ltd
    SBGL US
    22,715,960
    		111,081,0441.48
    Centamin Plc
    CEY LN
    49,244,083
    		107,359,1811.43
    Pan American Silver Corp
    PAAS US
    6,507,402
    		107,241,9851.43
    B2gold Corp
    BTG US
    40,850,650
    		106,211,6901.41
    Yamana Gold Inc
    AUY US
    40,502,649
    		102,876,7281.37
    Iamgold Corp
    IAG US
    19,262,324
    		98,430,4761.31
    Detour Gold Corp
    DGC CN
    7,462,052
    		93,409,8601.24
    Northern Star Resources Ltd
    NST AU
    25,668,755
    		90,809,3171.21
    Hecla Mining Co
    HL US
    16,895,606
    		89,039,8441.18
    Kirkland Lake Gold Ltd
    KL CN
    8,656,487
    		86,218,8871.15
    Zijin Mining Group Co Ltd
    2899 HK
    245,884,000
    		85,936,6491.14
    Alamos Gold Inc
    AGI US
    11,414,375
    		78,416,7561.04
    New Gold Inc
    NGD US
    24,596,806
    		76,004,1311.01
    Endeavour Mining Corp
    EDV CN
    3,990,854
    		75,446,6001.00
    Eldorado Gold Corp
    EGO US
    30,628,611
    		73,508,6660.98
    Tahoe Resources Inc
    TAHO US
    13,295,825
    		73,259,9960.97
    Oceanagold Corp
    OGC CN
    26,116,629
    		68,892,7860.92
    Regis Resources Ltd
    RRL AU
    21,439,315
    		66,952,2350.89
    Centerra Gold Inc
    CG CN
    12,461,592
    		65,644,9970.87
    Coeur Mining Inc
    CDE US
    8,036,479
    		64,050,7380.85
    Torex Gold Resources Inc
    TXG CN
    3,404,130
    		61,170,9370.81
    Independence Group Nl
    IGO AU
    25,077,015
    		60,469,1840.80
    Osisko Gold Royalties Ltd
    OR US
    4,563,113
    		56,765,1260.75
    First Majestic Silver Corp
    AG US
    7,024,083
    		56,052,1820.75
    Silver Standard Resources Inc
    SSRI US
    5,109,867
    		49,208,0190.65
    St Barbara Ltd
    SBM AU
    21,282,716
    		46,475,2200.62
    Saracen Mineral Holdings Ltd
    SAR AU
    34,539,509
    		36,384,3690.48
    Zhaojin Mining Industry Co Ltd
    1818 HK
    45,047,500
    		36,256,3970.48
    Mcewen Mining Inc
    MUX US
    12,818,041
    		33,711,4480.45
    Semafo Inc
    SMF CN
    13,884,648
    		33,296,5180.44
    Harmony Gold Mining Co Ltd
    HMY US
    18,797,499
    		32,143,7230.43
    Fortuna Silver Mines Inc
    FVI CN
    6,240,985
    		30,930,5410.41
    Guyana Goldfields Inc
    GUY CN
    7,310,746
    		29,979,3180.40
    Sandstorm Gold Ltd
    SAND US
    6,515,192
    		26,191,0720.35
    Resolute Mining Ltd
    RSG AU
    31,500,447
    		26,178,6360.35
    Klondex Mines Ltd
    KLDX US
    6,389,650
    		19,999,6050.27
    Other/Cash
    --
    --
    		-3,659,527-0.05
    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 a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among 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. Distributions may vary from time to time.

    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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