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VanEck Vectors Junior Gold Miners ETF
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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

    State Street Bank and Trust Company

  • Index Ticker

    GDMNTR

  • Index Rebalancing

    Quarterly

 
as of 04/08/20

  • 30-Day SEC Yield1

    0.51%

  • Total Net Assets

    $10.6B

  • Number of Holdings

    48

  • Options

    Available

  • Gross Expense Ratio2

    0.52%

  • Net Expense Ratio/TER2

    0.52%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/18/2020

Morningstar™ Ratings3
as of 2/29/2020

Category Overall 3 Year 5 Year
Equity Precious Metals
3 of 64 Funds
5 of 64 Funds
3 of 62 funds

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

    402,702,500

  • Estimated Cash

    GMIEU

  • Total Cash

    GMITC

  • CUSIP

    92189F106

  • ISIN

    US92189F1066
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.02%

  • Gross Expense Ratio

    0.52%

  • Fee Waivers and
    Expense Reimbursement

    --

  • Net Expense Ratio/TER2

    0.52%
2Expenses for GDX are capped contractually at 0.53% until May 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 04/08/20

NAV/
Market Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change
NAV/
Last Price 		Premium/
Discount 		Prem/Discount
Distribution Charts 		NAV &
Prem/Discount
History 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
GDX $26.30
$26.20		 93,885,088
17,473,524		 $0.08 / +0.30%
$0.11 / +0.42%		 -10.36%
-10.52%
 $-0.10
-0.38%		 0.04%

Premium/Discount History as of 04/08/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 122 25 31 39 24
GDX Days closed at NAV 10 4 1 4 5
Days closed at a discount 120 34 32 21 33

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

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/06
GDX (NAV) -11.62 -20.16 -20.16 5.11 1.62 5.71 -5.56 -3.13
GDX (Share Price) -12.13 -21.31 -21.31 3.43 0.98 5.42 -5.73 -3.24
GDMNTR (Index) -11.66 -20.01 -20.01 5.78 2.08 6.14 -5.11 -2.67
Performance Differential (NAV - Index) 0.04 -0.15 -0.15 -0.67 -0.46 -0.43 -0.45 -0.46
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/06
GDX (NAV) -11.62 -20.16 -20.16 5.11 1.62 5.71 -5.56 -3.13
GDX (Share Price) -12.13 -21.31 -21.31 3.43 0.98 5.42 -5.73 -3.24
GDMNTR (Index) -11.66 -20.01 -20.01 5.78 2.08 6.14 -5.11 -2.67
Performance Differential (NAV - Index) 0.04 -0.15 -0.15 -0.67 -0.46 -0.43 -0.45 -0.46

*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 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.

Top 10 Holdings (%) as of 02/29/20 Daily Holdings

Total Holdings: 48
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
NEWMONT CORP
NEM US
35,027,805
1,563,290,937 13.40
BARRICK GOLD CORP
GOLD US
75,955,492
1,446,192,568 12.40
FRANCO-NEVADA CORP
FNV US
8,056,807
866,106,753 7.42
WHEATON PRECIOUS METALS CORP
WPM US
21,442,924
611,123,334 5.24
KIRKLAND LAKE GOLD LTD
KL CN
17,490,776
564,067,265 4.84
NEWCREST MINING LTD
NCM AU
32,848,681
533,307,180 4.57
AGNICO EAGLE MINES LTD
AEM US
10,249,281
487,148,326 4.18
ANGLOGOLD ASHANTI LTD
AU US
25,961,283
453,024,388 3.88
ROYAL GOLD INC
RGLD US
4,100,429
395,568,386 3.39
KINROSS GOLD CORP
KGC US
78,359,281
393,363,591 3.37
Top 10 Total (%) 62.69
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 03/31/20

  • Country

    % of Net Assets
  • ■

    Canada

    51.82
  • ■

    United States

    20.45
  • ■

    Australia

    13.05
  • ■

    South Africa

    7.29
  • ■

    China

    1.94
  • ■

    Brazil

    1.58
  • ■

    Peru

    1.12
  • ■

    Egypt

    1.04
  • ■

    Côte D'Ivoire

    0.94
  • ■

    Russia

    0.53
  • ■

    Other/Cash

    0.23

Sector Weightings (%) as of 03/31/20

  • Sector

    % of Net Assets
  • ■

    Materials

    99.8
  • ■

    Other/Cash

    0.2