GDXJVanEck Vectors Junior Gold Miners ETF
Market Updates*
- Vaccine news and the stimulus bill has created an outlook for strong economic growth, which dampens our near-term outlook for gold.
- We expect catalysts to emerge in the second half of 2021, which may include excessive inflationary expectations, continued Central Bank asset purchases and rising commodity prices. Our long-term bull market view for gold remains intact.
- Gold companies remain a compelling value buy, in our view. Balance sheets continue to get stronger and miners are remaining disciplined in their capital investment.
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 07/23/21
-
30-Day SEC Yield1
0.50% -
Total Net Assets
$4.9B -
Number of Holdings
97 -
Options
Available -
Gross Expense Ratio2
0.52% -
Net Expense Ratio/TER2
0.52% -
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
112,337,446 -
Estimated Cash
GDXJEU -
Total Cash
GDXJTC -
CUSIP
92189F791 -
ISIN
US92189F7915
Source: Bloomberg
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%
2Expenses for GDXJ are capped contractually at 0.56% until May 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
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 07/23/21
-$0.38 / -0.85%
Performance History: Average Annual Total Returns* (%)
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 11/10/09 |
|
|---|---|---|---|---|---|---|---|---|
| GDXJ (NAV) | -14.42 | 4.07 | -14.12 | -4.36 | 13.50 | 3.36 | -8.47 | -4.12 |
| GDXJ (Share Price) | -14.55 | 3.87 | -13.81 | -4.19 | 13.57 | 3.44 | -8.53 | -4.10 |
| MVGDXJTR (Index) | -14.86 | 4.26 | -13.85 | -3.19 | 14.19 | 3.57 | -8.14 | -3.82 |
| Performance Differential (NAV - Index) | 0.44 | -0.19 | -0.27 | -1.17 | -0.69 | -0.21 | -0.33 | -0.30 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 11/10/09 |
|
|---|---|---|---|---|---|---|---|---|
| GDXJ (NAV) | -14.42 | 4.07 | -14.12 | -4.36 | 13.50 | 3.36 | -8.47 | -4.12 |
| GDXJ (Share Price) | -14.55 | 3.87 | -13.81 | -4.19 | 13.57 | 3.44 | -8.53 | -4.10 |
| MVGDXJTR (Index) | -14.86 | 4.26 | -13.85 | -3.19 | 14.19 | 3.57 | -8.14 | -3.82 |
| Performance Differential (NAV - Index) | 0.44 | -0.19 | -0.27 | -1.17 | -0.69 | -0.21 | -0.33 | -0.30 |
Top 10 Holdings (%) as of 06/30/21 Daily Holdings
Total Holdings: 98
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| Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
|---|---|---|---|---|---|
| PAN AMERICAN SILVER CORP |
PAAS US
|
10,123,306
|
289,222,852 | 5.53 | |
| EVOLUTION MINING LTD |
EVN AU
|
71,251,684
|
240,996,604 | 4.60 | |
| YAMANA GOLD INC |
AUY US
|
49,906,727
|
210,606,388 | 4.02 | |
| FIRST MAJESTIC SILVER CORP |
AG US
|
13,156,587
|
208,005,640 | 3.97 | |
| ENDEAVOUR MINING CORP |
EDV CN
|
8,444,362
|
181,530,256 | 3.47 | |
| B2GOLD CORP |
BTG US
|
41,965,748
|
176,675,799 | 3.38 | |
| HECLA MINING CO |
HL US
|
21,056,955
|
156,663,745 | 2.99 | |
| SSR MINING INC |
SSRM US
|
9,801,601
|
152,806,960 | 2.92 | |
| MERDEKA COPPER GOLD TBK PT |
MDKA IJ
|
740,246,000
|
150,490,501 | 2.87 | |
| ALAMOS GOLD INC |
AGI US
|
18,220,039
|
139,383,298 | 2.66 | |
| Top 10 Total (%) | 36.40 | ||||
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Country Weightings (%) as of 06/30/21
-
Country
% of Net Assets -
■
Canada
51.50 -
■
Australia
15.74 -
■
United States
6.07 -
■
Brazil
4.02 -
■
Côte D'Ivoire
3.47 -
■
Indonesia
2.87 -
■
Peru
2.62 -
■
Turkey
2.23 -
■
South Africa
2.14 -
■
Mexico
1.91 -
■
Egypt
1.31 -
■
Kyrgyzstan
1.29 -
■
Burkina Faso
1.20 -
■
United Kingdom
1.11 -
■
China
1.00 -
■
Russia
0.92 -
■
Colombia
0.37 -
■
Other/Cash
0.23
Sector Weightings (%) as of 06/30/21
-
Sector
% of Net Assets -
■
Materials
99.4 -
■
Industrials
0.4 -
■
Other/Cash
0.2