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GDXVanEck 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.
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 01/26/21
-
30-Day SEC Yield1
0.57% -
Total Net Assets
$15.7B -
Number of Holdings
53 -
Options
Available -
Gross Expense Ratio2
0.52% -
Net Expense Ratio/TER2
0.52% -
Distribution Frequency
Annual
Key Points
- Nation's First Gold Miners ETF
An industry driven by demand across regions and segments of the market
- Pure Play with Global Scope
Companies must derive at least 50% of total revenues from gold mining and related activities to be added to the Index
- Convenient Customization
Customize overall commodity exposure with targeted allocation to gold mining companies
Trading Information
-
Fund Ticker
GDX -
Index Total Return Ticker
GDMNTR -
NAV
GMINV -
Intraday NAV (IIV)4
GMI -
Shares Outstanding
446,752,500 -
Estimated Cash
GMIEU -
Total Cash
GMITC -
CUSIP
92189F106 -
ISIN
US92189F1066
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.02% -
Gross Expense Ratio
0.52% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.52%
Prices as of 01/26/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 05/16/06 |
|
---|---|---|---|---|---|---|---|---|
GDX (NAV) | 4.54 | -7.75 | 23.30 | 23.30 | 16.32 | 21.93 | -4.60 | -0.04 |
GDX (Share Price) | 4.42 | -7.53 | 23.67 | 23.67 | 16.37 | 21.96 | -4.59 | -0.04 |
GDMNTR (Index) | 4.57 | -7.49 | 23.69 | 23.69 | 16.75 | 22.45 | -4.17 | 0.41 |
Performance Differential (NAV - Index) | -0.03 | -0.26 | -0.39 | -0.39 | -0.43 | -0.52 | -0.43 | -0.45 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 05/16/06 |
|
---|---|---|---|---|---|---|---|---|
GDX (NAV) | 4.54 | -7.75 | 23.30 | 23.30 | 16.32 | 21.93 | -4.60 | -0.04 |
GDX (Share Price) | 4.42 | -7.53 | 23.67 | 23.67 | 16.37 | 21.96 | -4.59 | -0.04 |
GDMNTR (Index) | 4.57 | -7.49 | 23.69 | 23.69 | 16.75 | 22.45 | -4.17 | 0.41 |
Performance Differential (NAV - Index) | -0.03 | -0.26 | -0.39 | -0.39 | -0.43 | -0.52 | -0.43 | -0.45 |
Top 10 Holdings (%) as of 12/31/20 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
---|---|---|---|---|---|
NEWMONT CORP |
NEM US
|
34,082,270
|
2,041,187,150 | 12.37 | |
BARRICK GOLD CORP |
GOLD US
|
75,436,658
|
1,718,447,069 | 10.41 | |
FRANCO-NEVADA CORP |
FNV US
|
8,095,944
|
1,014,664,662 | 6.15 | |
WHEATON PRECIOUS METALS CORP |
WPM US
|
19,480,509
|
813,116,446 | 4.93 | |
AGNICO EAGLE MINES LTD |
AEM US
|
11,394,470
|
803,424,080 | 4.87 | |
NEWCREST MINING LTD |
NCM AU
|
39,230,743
|
783,668,514 | 4.75 | |
KIRKLAND LAKE GOLD LTD |
KL CN
|
17,156,335
|
708,338,478 | 4.29 | |
ANGLOGOLD ASHANTI LTD |
AU US
|
24,549,819
|
555,316,906 | 3.36 | |
KINROSS GOLD CORP |
KGC US
|
74,100,822
|
543,900,033 | 3.30 | |
GOLD FIELDS LTD |
GFI US
|
52,019,222
|
482,218,188 | 2.92 | |
Top 10 Total (%) | 57.35 |
Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
Canada
44.40 -
■
United States
16.99 -
■
Australia
14.73 -
■
Brazil
6.87 -
■
South Africa
4.31 -
■
China
3.43 -
■
Tanzania
3.36 -
■
Côte D'Ivoire
1.35 -
■
Kyrgyzstan
1.22 -
■
Peru
1.10 -
■
Turkey
0.83 -
■
Egypt
0.70 -
■
Burkina Faso
0.62 -
■
Other/Cash
0.09
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Materials
99.9 -
■
Other/Cash
0.1