GDXJVanEck Vectors Junior Gold Miners ETF
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 04/14/21
-
30-Day SEC Yield1
0.52% -
Total Net Assets
$5.3B -
Number of Holdings
97 -
Options
Available -
Gross Expense Ratio2
0.53% -
Net Expense Ratio/TER2
0.53% -
Distribution Frequency
Annual
Key Points
- One-Traded Access to Junior Gold Miners
An industry that includes smaller exploratory or early development phase companies that are responsible for many gold reserve discoveries worldwide
- Pure Play with Global Scope
Companies must derive at least 50% of total revenues from gold or silver mining and related activities to be added to the Index
- Convenient Customization
Customize overall commodity exposure with targeted allocation to junior gold mining companies
Trading Information
-
Fund Ticker
GDXJ -
Index Total Return Ticker
MVGDXJTR -
NAV
GDXJNV -
Intraday NAV (IIV)4
GDXJIV -
Shares Outstanding
111,537,446 -
Estimated Cash
GDXJEU -
Total Cash
GDXJTC -
CUSIP
92189F791 -
ISIN
US92189F7915
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.03% -
Gross Expense Ratio
0.53% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.53%
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Prices as of 04/14/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 11/10/09 |
|
---|---|---|---|---|---|---|---|---|
GDXJ (NAV) | -2.86 | -17.47 | -17.47 | 58.34 | 12.67 | 11.60 | -10.06 | -4.54 |
GDXJ (Share Price) | -1.64 | -17.02 | -17.02 | 62.75 | 12.78 | 11.76 | -10.04 | -4.50 |
MVGDXJTR (Index) | -3.05 | -17.38 | -17.38 | 59.36 | 13.33 | 11.77 | -9.74 | -4.25 |
Performance Differential (NAV - Index) | 0.19 | -0.09 | -0.09 | -1.02 | -0.66 | -0.17 | -0.32 | -0.29 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 11/10/09 |
|
---|---|---|---|---|---|---|---|---|
GDXJ (NAV) | -2.86 | -17.47 | -17.47 | 58.34 | 12.67 | 11.60 | -10.06 | -4.54 |
GDXJ (Share Price) | -1.64 | -17.02 | -17.02 | 62.75 | 12.78 | 11.76 | -10.04 | -4.50 |
MVGDXJTR (Index) | -3.05 | -17.38 | -17.38 | 59.36 | 13.33 | 11.77 | -9.74 | -4.25 |
Performance Differential (NAV - Index) | 0.19 | -0.09 | -0.09 | -1.02 | -0.66 | -0.17 | -0.32 | -0.29 |
Top 10 Holdings (%) as of 03/31/21 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
---|---|---|---|---|---|
GOLD FIELDS LTD |
GFI US
|
34,566,511
|
328,036,189 | 6.59 | |
PAN AMERICAN SILVER CORP |
PAAS US
|
10,612,839
|
318,703,555 | 6.40 | |
EVOLUTION MINING LTD |
EVN AU
|
66,863,373
|
208,883,141 | 4.20 | |
YAMANA GOLD INC |
AUY US
|
48,123,693
|
208,856,828 | 4.20 | |
B2GOLD CORP |
BTG US
|
43,517,547
|
187,560,628 | 3.77 | |
ENDEAVOUR MINING CORP |
EDV CN
|
7,573,424
|
152,631,444 | 3.07 | |
FIRST MAJESTIC SILVER CORP |
AG US
|
9,592,506
|
149,451,243 | 3.00 | |
ALAMOS GOLD INC |
AGI US
|
17,820,405
|
139,177,363 | 2.80 | |
SSR MINING INC |
SSRM US
|
9,457,379
|
135,051,372 | 2.71 | |
HECLA MINING CO |
HL US
|
20,639,390
|
117,438,129 | 2.36 | |
Top 10 Total (%) | 39.10 |
Country Weightings (%) as of 03/31/21
-
Country
% of Net Assets -
■
Canada
48.25 -
■
Australia
14.02 -
■
South Africa
8.99 -
■
United States
4.82 -
■
Brazil
4.20 -
■
Côte D'Ivoire
3.07 -
■
Peru
2.82 -
■
Turkey
2.45 -
■
Mexico
2.19 -
■
Indonesia
1.78 -
■
Kyrgyzstan
1.52 -
■
United Kingdom
1.30 -
■
Burkina Faso
1.24 -
■
Egypt
1.23 -
■
China
0.98 -
■
Russia
0.86 -
■
Other/Cash
0.30
Sector Weightings (%) as of 03/31/21
-
Sector
% of Net Assets -
■
Materials
99.3 -
■
Industrials
0.4 -
■
Other/Cash
0.3