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GDXJVanEck Vectors Junior Gold Miners ETF
- We believe Gold companies are healthier than they’ve been in 10-20 years with low operating costs, healthy balance sheets, and attractive valuations.
- Extreme monetary policies, negative real interest rates, unsustainable sovereign and corporate debt levels and diminishing dollar headwinds should continue to support higher prices for gold in our view.
- Historically, mid-tier and junior gold mining companies have historically outperformed in market recoveries and/or supportive gold price environments.
Read Joe Foster’s Latest Commentary: Systemic Risks Spark Gold’s Gains
Fund Description
VanEck Vectors® Junior Gold Miners ETF (GDXJ®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Junior Gold Miners Index (MVGDXJTR), which is intended to track the overall performance of small-capitalization companies that are involved primarily in the mining for gold and/or silver.
-
Fund Ticker
GDXJ -
Exchange
NYSE Arca -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVGDXJTR -
Index Rebalancing
Quarterly
as of 06/02/20
-
30-Day SEC Yield1
0.20% -
Total Net Assets
$5.0B -
Number of Holdings
79 -
Options
Available -
Gross Expense Ratio2
0.53% -
Net Expense Ratio/TER2
0.53% -
Distribution Frequency
Annual
Index Key Points
Underlying Index: MVIS Global Junior Gold Miners Index (MVGDXJTR)
The Index comprises:
A focused group of small-cap companies, many of which are involved in the exploration and development of new sources of gold either through greenfields exploration or the use of new geologic models to prospect for gold in overlooked or abandoned properties
Companies eligible for inclusion in Index:
- Companies that generate at least 50% of their revenues from gold and/or silver mining/royalties/streaming or have mining projects with the potential to generate at least 50% of their revenues from gold and/or silver when developed
- Market cap exceeding $150 million
- Daily average trading volume of at least $1 million and traded at least 250,000 shares per month over the last six months
Index provider:
MV Index Solutions
Index Profile
-
Ticker
MVGDXJTR -
Inception Date
08/31/2009 -
Rebalance Frequency
Quarterly
Index Top 10 Constituents (%) as of 04/30/20 Download All Index Constituents
Total Constituents: 75
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| Constituent Name |
Ticker
|
Weightings (%) | |
|---|---|---|---|
| Kinross Gold Corp |
KGC US
|
7.31 | |
| Evolution Mining Ltd |
EVN AU
|
5.46 | |
| Northern Star Resources Ltd |
NST AU
|
5.38 | |
| Gold Fields Ltd-Spons Adr |
GFI US
|
5.25 | |
| Pan American Silver Corp |
PAAS US
|
4.71 | |
| Yamana Gold Inc |
AUY US
|
4.54 | |
| Sibanye-Stillwater Ltd-Adr |
SBSW US
|
4.41 | |
| B2gold Corp |
BTG US
|
4.16 | |
| Novagold Resources Inc |
NG US
|
2.72 | |
| Saracen Mineral Holdings Ltd |
SAR AU
|
2.70 | |
| Top 10 Total (%) | 46.64 | ||
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Index Country Weightings (%) as of 04/30/20
-
Country
Weightings (%) -
■
Canada
53.1 -
■
Australia
21.2 -
■
South Africa
11.7 -
■
United States
4.2 -
■
Mexico
2.9 -
■
Peru
2.1 -
■
Egypt
1.8 -
■
Indonesia
0.9 -
■
China
0.9 -
■
United Kingdom
0.7 -
■
Turkey
0.5 -
■
OTHERS
0.0
Index Sector Weightings (%) as of 04/30/20
-
Sector
Weightings (%) -
■
Materials
99.8 -
■
Industrials
0.2 -
■
OTHERS
0.0