Share on Facebook Facebook | Share on StumbleUpon StumbleUpon |
Share on LinkedIn LinkedIn | Submit on Reddit reddit |
Tweet Twitter | Pin it Pinterest |
Share on Google+ Google+ | Share on Digg Digg |
Post to Tumblr Tumblr | Share on Delicious Delicious |
GDXJVanEck Vectors Junior 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® 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 01/20/21
-
30-Day SEC Yield1
0.26% -
Total Net Assets
$6.0B -
Number of Holdings
91 -
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 12/31/20
to view
full data
Constituent Name |
Ticker
|
Weightings (%) | |
---|---|---|---|
Pan American Silver Corp |
PAAS US
|
5.93 | |
Gold Fields Ltd-Spons Adr |
GFI US
|
5.25 | |
Northern Star Resources Ltd |
NST AU
|
4.85 | |
Yamana Gold Inc |
AUY US
|
4.45 | |
B2gold Corp |
BTG US
|
3.81 | |
Evolution Mining Ltd |
EVN AU
|
3.65 | |
Ssr Mining Inc |
SSRM US
|
3.22 | |
Saracen Mineral Holdings Ltd |
SAR AU
|
2.64 | |
Alamos Gold Inc-Class A |
AGI US
|
2.30 | |
Hecla Mining Co |
HL US
|
2.15 | |
Top 10 Total (%) | 38.25 |
Index Country Weightings (%) as of 12/31/20
-
Country
Weightings (%) -
■
Canada
55.6 -
■
Australia
20.8 -
■
South Africa
7.4 -
■
United States
5.1 -
■
United Kingdom
2.5 -
■
Peru
2.5 -
■
Mexico
1.9 -
■
Indonesia
1.6 -
■
Egypt
1.2 -
■
China
0.9 -
■
Turkey
0.5
Index Sector Weightings (%) as of 12/31/20
-
Sector
Weightings (%) -
■
Materials
99.6 -
■
Industrials
0.4