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Related Funds

OUNZ
VanEck Merk Gold Trust

INIVX
International Investors Gold Fund - Class A

GDX
VanEck Gold Miners ETF

GDXJ
VanEck 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.

Learn More | Gold Heats Up on Warming Inflation

Fund Description

VanEck 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 09/16/21

30-Day SEC Yield¹
0.53%
Total Net Assets
$4.3B
Number of Holdings
99
Options
Available
Gross Expense Ratio²
0.52%
Net Expense Ratio/TER²
0.52%
Distribution Frequency
Annual

Schedule a Call

Key Points

Small and Early Stage Miners
Portfolio of small gold miners, some of which are in early exploratory stages with upside potential

High Beta Exposure to Gold Prices⁶
Gold miners have historically provided leveraged exposure to gold prices

Highly Liquid
ETF has historically featured greater average trading volume than any of its underlying junior miners⁷

Trading Information

Fund Ticker
GDXJ
Index Total Return Ticker
MVGDXJTR
NAV
GDXJNV
Intraday NAV (IIV)⁴
GDXJIV
Shares Outstanding
106,437,446
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 and
Expense 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 09/16/21

	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
GDXJ	$40.86 $40.83	6,484,163 11,142,755	-$1.60 / -3.77% $-1.67 / -3.93%	-24.69% -24.72%	$-0.03 -0.08%			0.02%

Premium/Discount History as of 09/16/21

		Calendar Year 2020	3Q 2020	4Q 2020	1Q 2021	2Q 2021
	Days closed at a premium	122	30	30	18	24
GDXJ	Days closed at NAV	7	1	2	0	2
	Days closed at a discount	124	33	32	43	37

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

Month End as of 08/31/21
Quarter End as of 06/30/21

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 11/10/09
GDXJ (NAV)	-5.77	-20.79	-20.51	-27.04	16.63	2.14	-9.91	-4.69
GDXJ (Share Price)	-5.93	-21.20	-20.52	-27.23	16.92	2.18	-9.98	-4.70
MVGDXJTR (Index)	-5.82	-21.11	-20.18	-26.47	17.48	2.37	-9.62	-4.38
Performance Differential (NAV - Index)	0.05	0.32	-0.33	-0.57	-0.85	-0.23	-0.29	-0.31

	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

*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 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 ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 97

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full data

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	PAN AMERICAN SILVER CORP	PAAS US	9,884,051	256,392,283	5.42
	YAMANA GOLD INC	AUY US	48,727,518	215,862,905	4.56
	ENDEAVOUR MINING CORP	EDV CN	8,244,900	201,155,595	4.25
	EVOLUTION MINING LTD	EVN AU	69,568,282	198,306,898	4.19
	FIRST MAJESTIC SILVER CORP	AG US	12,845,978	165,841,576	3.51
	SSR MINING INC	SSRM US	9,569,999	159,723,283	3.38
	B2GOLD CORP	BTG US	40,973,917	159,388,537	3.37
	MERDEKA COPPER GOLD TBK PT	MDKA IJ	722,765,900	142,822,754	3.02
	ALAMOS GOLD INC	AGI US	17,789,507	140,537,105	2.97
	HECLA MINING CO	HL US	20,559,385	126,440,218	2.67
Top 10 Total (%)					37.34

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

Country
% of Net Assets
■
Canada
50.73
■
Australia
15.56
■
United States
5.41
■
Brazil
4.56
■
Côte D'Ivoire
4.25
■
Indonesia
3.02
■
Peru
2.46
■
South Africa
2.29
■
Turkey
2.15
■
Mexico
2.12
■
Egypt
1.38
■
Kyrgyzstan
1.37
■
United Kingdom
1.26
■
Burkina Faso
1.04
■
China
0.93
■
Russia
0.88
■
Colombia
0.38
■
Other/Cash
0.21

Sector Weightings (%) as of 08/31/21

Sector
% of Net Assets
■
Materials
99.8
■
Other/Cash
0.2