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GDX
VanEck Vectors Gold Miners ETF

Latest Market Updates*

  • We believe there is a compelling opportunity in the space today with gold reaching all-time highs and companies healthier than they’ve been at any time in the last 10-20 years.
  • In our view, financial market risks – including extreme monetary policies, negative real rates and unsustainable debt levels – remain persistent and pervasive and may continue to support higher gold prices for the foreseeable future.
  • Notable, too, is the historical performance of mid-tier and junior gold mining companies during similar periods of rising gold prices in the past, where such support levels have helped fuel outperformance of these companies relative to their larger-cap, senior/major mining peers.

Learn More | Miners Remain Undervalued Despite Gold’s Run

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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    GDMNTR
  • Index Rebalancing

    Quarterly

 
as of 09/25/20

  • 30-Day SEC Yield1

    0.29%
  • Total Net Assets

    $16.6B
  • Number of Holdings

    54
  • Options

    Available
  • Gross Expense Ratio2

    0.52%
  • Net Expense Ratio/TER2

    0.52%
  • Distribution Frequency

    Annual

Index Key Points

Underlying Index: NYSE Arca Gold Miners Index (GDMNTR)

The Index comprises:

Publicly traded companies involved in the gold and silver mining industry.

Companies eligible for inclusion in Index:

  • Globally-listed
  • Market capitalization greater than $750 million
  • Average daily volume of at least 50,000 shares
  • Average daily value traded of at least $1 million

Index provider:

ICE Data Indices, LLC

Index Profile

  • Ticker

    GDMNTR
  • Inception Date

    10/01/2004
  • Rebalance Frequency

    Quarterly

Index Top 10 Constituents (%) as of 08/31/20

Total Constituents: 53
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full data
Constituent Name
Ticker
Weightings (%)
Newmont Mining Corp
NEM US
12.93
Barrick Gold Corp
ABX US
12.63
Franco-Nevada Corp
FNV US
6.85
Wheaton Precious Metals Corp
WPM US
5.73
Agnico-Eagle Mines Ltd
AEM US
4.86
Newcrest Mining Ltd
NCM AU
4.62
Kirkland Lake Gold Ltd
KL CN
4.42
Anglogold Ashanti-Spon Adr
AU US
3.67
Gold Fields Ltd-Spons Adr
GFI US
3.44
Kinross Gold Corp
KGC US
3.34
Top 10 Total (%) 62.49
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/20

  • Country

    Weightings (%)
  • Canada

    56.2
  • United States

    17.8
  • Australia

    13.5
  • South Africa

    8.6
  • China

    1.5
  • Peru

    1.1
  • Egypt

    1.0
  • United Kingdom

    0.4

Index Sector Weightings (%) as of 08/31/20

  • Sector

    Weightings (%)
  • Materials

    100.0