CEO's Investment
Outlook
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 06/21/21
-
30-Day SEC Yield1
0.48% -
Total Net Assets
$5.4B -
Number of Holdings
98 -
Options
Available -
Gross Expense Ratio2
0.52% -
Net Expense Ratio/TER2
0.52% -
Distribution Frequency
Annual
Portfolio Composition (%)
as of 06/18/21
- % of Net Assets
-
Stocks
99.81 -
Bonds
0.00 -
Other
0.00 -
Cash
0.19
Daily Holdings (%) as of 06/18/21 Download All Holdings
Total Holdings: 98
|
Ticker
|
Holding Name |
Identifier (FIGI)
|
Shares | Asset Class |
Market Value (US$) |
% of Net Assets |
|---|---|---|---|---|---|---|
|
PAAS US
|
Pan American Silver Corp |
BBG000C0RGY3
|
10,096,210
|
Stock | 285,116,970 | 5.33 |
|
EVN AU
|
Evolution Mining Ltd |
BBG000NF2249
|
71,061,058
|
Stock | 245,531,047 | 4.59 |
|
AUY US
|
Yamana Gold Inc |
BBG000NSQ9M0
|
49,773,191
|
Stock | 217,011,113 | 4.05 |
|
AG US
|
First Majestic Silver Corp |
BBG000CH7WB8
|
13,121,415
|
Stock | 212,304,495 | 3.97 |
|
EDV CN
|
Endeavour Mining Corp |
BBG000BW1022
|
8,421,772
|
Stock | 199,544,013 | 3.73 |
|
BTG US
|
B2gold Corp |
BBG000V9KFD5
|
41,853,434
|
Stock | 182,899,507 | 3.42 |
|
HL US
|
Hecla Mining Co |
BBG000BL5W86
|
21,000,609
|
Stock | 158,344,592 | 2.96 |
|
SSRM US
|
Ssr Mining Inc |
BBG000C0RWX9
|
9,775,375
|
Stock | 153,864,403 | 2.87 |
|
MDKA IJ
|
Merdeka Copper Gold Tbk Pt |
BBG008NVSB85
|
738,266,600
|
Stock | 146,171,666 | 2.73 |
|
AGI US
|
Alamos Gold Inc |
BBG009HT6BL4
|
18,171,283
|
Stock | 141,554,295 | 2.64 |
|
EQX US
|
Equinox Gold Corp |
BBG004XB7MN9
|
12,952,530
|
Stock | 101,936,411 | 1.90 |
|
BVN US
|
Cia De Minas Buenaventura Saa |
BBG000GPXR82
|
11,113,640
|
Stock | 101,800,942 | 1.90 |
|
CDE US
|
Coeur Mining Inc |
BBG000BF8TF5
|
10,843,859
|
Stock | 100,305,696 | 1.87 |
|
PE&OLES* MF
|
Industrias Penoles Sab De Cv |
BBG000LXSKQ0
|
7,217,086
|
Stock | 98,266,538 | 1.84 |
|
HMY US
|
Harmony Gold Mining Co Ltd |
BBG000BX93G1
|
23,453,314
|
Stock | 95,689,521 | 1.79 |
|
MAG US
|
Mag Silver Corp |
BBG000DHNG15
|
4,333,538
|
Stock | 95,034,488 | 1.78 |
|
NG US
|
Novagold Resources Inc |
BBG000D25424
|
10,479,298
|
Stock | 85,511,072 | 1.60 |
|
PVG US
|
Pretium Resources Inc |
BBG001DM5W62
|
8,585,257
|
Stock | 83,963,813 | 1.57 |
|
SAND US
|
Sandstorm Gold Ltd |
BBG000VMKS48
|
10,063,227
|
Stock | 82,920,990 | 1.55 |
|
EGO US
|
Eldorado Gold Corp |
BBG000BN7277
|
8,050,088
|
Stock | 82,432,901 | 1.54 |
|
OR US
|
Osisko Gold Royalties Ltd |
BBG006NTSJ78
|
5,685,389
|
Stock | 78,913,199 | 1.47 |
|
CEY LN
|
Centamin Plc |
BBG000D32QC5
|
48,784,317
|
Stock | 71,672,480 | 1.34 |
|
WDO CN
|
Wesdome Gold Mines Ltd |
BBG000DKQDS3
|
7,281,979
|
Stock | 70,594,343 | 1.32 |
|
RRL AU
|
Regis Resources Ltd |
BBG000BLX2J9
|
37,105,976
|
Stock | 69,584,927 | 1.30 |
|
CG CN
|
Centerra Gold Inc |
BBG000PWGV23
|
8,857,039
|
Stock | 68,079,084 | 1.27 |
|
KNT CN
|
K92 Mining Inc |
BBG0018BVXB5
|
10,011,795
|
Stock | 67,305,509 | 1.26 |
|
IAG US
|
Iamgold Corp |
BBG000LL9LQ5
|
21,212,161
|
Stock | 67,242,550 | 1.26 |
|
SA US
|
Seabridge Gold Inc |
BBG000JYQX30
|
3,694,786
|
Stock | 65,619,399 | 1.23 |
|
EXK US
|
Endeavour Silver Corp |
BBG000K2HB18
|
9,348,555
|
Stock | 61,139,550 | 1.14 |
|
NGD US
|
New Gold Inc |
BBG000KD2ZL5
|
32,678,834
|
Stock | 61,109,420 | 1.14 |
|
SILV US
|
Silvercrest Metals Inc |
BBG00B9JN9J9
|
6,845,809
|
Stock | 60,996,158 | 1.14 |
|
PRU AU
|
Perseus Mining Ltd |
BBG000Q68231
|
59,621,615
|
Stock | 60,959,392 | 1.14 |
|
OGC CN
|
Oceanagold Corp |
BBG000RG1PM3
|
31,744,803
|
Stock | 60,937,375 | 1.14 |
|
GGP LN
|
Greatland Gold Plc |
BBG000PMY4D3
|
217,250,642
|
Stock | 56,372,097 | 1.05 |
|
FSM US
|
Fortuna Silver Mines Inc |
BBG000LDZ482
|
9,493,327
|
Stock | 55,441,030 | 1.04 |
|
DEG AU
|
De Grey Mining Ltd |
BBG000N29K41
|
55,243,221
|
Stock | 53,745,840 | 1.00 |
|
1818 HK
|
Zhaojin Mining Industry Co Ltd |
BBG000DQ77W9
|
55,022,000
|
Stock | 52,971,860 | 0.99 |
|
SVM US
|
Silvercorp Metals Inc |
BBG000CY5S22
|
9,063,580
|
Stock | 52,568,764 | 0.98 |
|
POG LN
|
Petropavlovsk Plc |
BBG000MTK1T5
|
146,059,349
|
Stock | 51,190,533 | 0.96 |
|
LUG CN
|
Lundin Gold Inc |
BBG000BZYV49
|
5,705,099
|
Stock | 50,496,117 | 0.94 |
|
SLR AU
|
Silver Lake Resources Ltd |
BBG000DGM5W8
|
39,757,907
|
Stock | 48,325,205 | 0.90 |
|
RMS AU
|
Ramelius Resources Ltd |
BBG000PMB297
|
37,187,893
|
Stock | 47,934,112 | 0.90 |
|
GOR AU
|
Gold Road Resources Ltd |
BBG000PK8TF9
|
43,340,037
|
Stock | 46,267,000 | 0.86 |
|
TXG CN
|
Torex Gold Resources Inc |
BBG000BSWRQ2
|
3,616,095
|
Stock | 44,756,455 | 0.84 |
|
SBM AU
|
St Barbara Ltd |
BBG000BS4GC2
|
30,680,122
|
Stock | 40,338,230 | 0.75 |
|
HOC LN
|
Hochschild Mining Plc |
BBG000Q49X82
|
17,155,609
|
Stock | 38,087,132 | 0.71 |
|
DPM CN
|
Dundee Precious Metals Inc |
BBG000G9HTM6
|
6,180,198
|
Stock | 37,526,442 | 0.70 |
|
KOZAL TI
|
Koza Altin Isletmeleri As |
BBG000V2H0F5
|
2,679,564
|
Stock | 37,078,189 | 0.69 |
|
OSK CN
|
Osisko Mining Inc |
BBG003L9JH48
|
14,807,158
|
Stock | 36,748,820 | 0.69 |
|
AR CN
|
Argonaut Gold Inc |
BBG000RMFCS8
|
14,524,231
|
Stock | 35,696,676 | 0.67 |
|
VGCX CN
|
Victoria Gold Corp |
BBG000BD0132
|
2,303,810
|
Stock | 34,602,022 | 0.65 |
|
OLA CN
|
Orla Mining Ltd |
BBG00FGY26H0
|
7,796,797
|
Stock | 32,563,627 | 0.61 |
|
MUX US
|
Mcewen Mining Inc |
BBG000BW6CN8
|
22,056,282
|
Stock | 31,319,920 | 0.59 |
|
MOZ CN
|
Marathon Gold Corp |
BBG0019SSC09
|
11,219,747
|
Stock | 29,918,124 | 0.56 |
|
GBR CN
|
Great Bear Resources Ltd |
BBG000TBZTP4
|
2,396,065
|
Stock | 28,636,157 | 0.53 |
|
SKE CN
|
Skeena Resources Ltd |
BBG000BQSBZ6
|
2,457,237
|
Stock | 28,597,538 | 0.53 |
|
NFG CN
|
New Found Gold Corp |
BBG00JFFSNM3
|
3,012,391
|
Stock | 27,703,206 | 0.52 |
|
ROXG CN
|
Roxgold Inc |
BBG000G5VXK1
|
15,811,065
|
Stock | 25,652,264 | 0.48 |
|
AURA33 BZ
|
Aura Minerals Inc |
BBG00VPLQKP7
|
1,833,758
|
Stock | 24,942,969 | 0.47 |
|
WAF AU
|
West African Resources Ltd |
BBG000R17C94
|
36,724,357
|
Stock | 24,696,509 | 0.46 |
|
KRR CN
|
Karora Resources Inc |
BBG001BKBKT2
|
7,819,111
|
Stock | 24,555,419 | 0.46 |
|
WGX AU
|
Westgold Resources Ltd |
BBG000BG27F7
|
16,138,042
|
Stock | 24,531,189 | 0.46 |
|
NUAG CN
|
New Pacific Metals Corp |
BBG000FLSXG6
|
4,956,657
|
Stock | 24,523,519 | 0.46 |
|
DRD US
|
Drdgold Ltd |
BBG000BX8QF2
|
2,228,102
|
Stock | 23,773,848 | 0.44 |
|
BGL AU
|
Bellevue Gold Ltd |
BBG000K5PKD9
|
34,104,096
|
Stock | 22,031,237 | 0.41 |
|
MTA US
|
Metalla Royalty & Streaming Ltd |
BBG000HM5YW7
|
2,182,338
|
Stock | 21,976,144 | 0.41 |
|
GATO US
|
Gatos Silver Inc |
BBG001W4GDZ9
|
1,148,153
|
Stock | 21,504,906 | 0.40 |
|
DSV CN
|
Discovery Silver Corp |
BBG000BS3HY7
|
12,012,086
|
Stock | 21,321,802 | 0.40 |
|
AXU US
|
Alexco Resource Corp |
BBG000NWN5K4
|
7,753,341
|
Stock | 20,391,287 | 0.38 |
|
GCM CN
|
Gran Colombia Gold Corp |
BBG000CXNF22
|
4,725,902
|
Stock | 19,775,872 | 0.37 |
|
ALK AU
|
Alkane Resources Ltd |
BBG000BRN1P2
|
24,061,524
|
Stock | 19,640,402 | 0.37 |
|
PGM CN
|
Pure Gold Mining Inc |
BBG000BCS1X1
|
15,465,746
|
Stock | 19,129,552 | 0.36 |
|
SBB CN
|
Sabina Gold & Silver Corp |
BBG000BCKQ19
|
13,655,773
|
Stock | 19,084,410 | 0.36 |
|
NVO CN
|
Novo Resources Corp |
BBG000QFVB80
|
10,197,385
|
Stock | 19,083,496 | 0.36 |
|
AMI AU
|
Aurelia Metals Ltd |
BBG000R5D3F1
|
60,011,787
|
Stock | 16,489,091 | 0.31 |
|
RSG AU
|
Resolute Mining Ltd |
BBG000BT9RX8
|
39,441,625
|
Stock | 15,780,363 | 0.29 |
|
MMX US
|
Maverix Metals Inc |
BBG002R0P1M1
|
2,963,569
|
Stock | 15,647,644 | 0.29 |
|
CXB CN
|
Calibre Mining Corp |
BBG000DLJHQ2
|
10,183,445
|
Stock | 15,540,376 | 0.29 |
|
LGD CN
|
Liberty Gold Corp |
BBG001HR24Y1
|
12,030,689
|
Stock | 15,363,877 | 0.29 |
|
WM CN
|
Wallbridge Mining Co Ltd |
BBG000C0SL26
|
34,191,306
|
Stock | 15,103,986 | 0.28 |
|
SVL AU
|
Silver Mines Ltd |
BBG000QBM7B4
|
66,609,543
|
Stock | 13,422,371 | 0.25 |
|
GPL US
|
Great Panther Mining Ltd |
BBG000K96QQ5
|
19,529,739
|
Stock | 13,176,715 | 0.25 |
|
GLDG US
|
Goldmining Inc |
BBG001V9NSN1
|
8,188,535
|
Stock | 11,873,376 | 0.22 |
|
RED AU
|
Red 5 Ltd |
BBG000H39TV7
|
90,646,874
|
Stock | 11,809,295 | 0.22 |
|
GAU US
|
Galiano Gold Inc |
BBG000R11130
|
9,456,821
|
Stock | 10,686,208 | 0.20 |
|
USAS US
|
Americas Gold & Silver Corp |
BBG000CG1PT2
|
6,392,802
|
Stock | 10,036,699 | 0.19 |
|
GORO US
|
Gold Resource Corp |
BBG000J0LC17
|
3,879,540
|
Stock | 9,854,032 | 0.18 |
|
GSS US
|
Golden Star Resources Ltd |
BBG000KKMH28
|
3,259,579
|
Stock | 9,843,929 | 0.18 |
|
DCN AU
|
Dacian Gold Ltd |
BBG003HCLSB1
|
38,957,624
|
Stock | 8,557,177 | 0.16 |
|
FVL CN
|
Freegold Ventures Ltd |
BBG000D5W3F5
|
14,869,750
|
Stock | 7,643,581 | 0.14 |
|
GSV US
|
Gold Standard Ventures Corp |
BBG000QZDB40
|
13,181,354
|
Stock | 7,608,278 | 0.14 |
|
JAG CN
|
Jaguar Mining Inc |
BBG000BSLGH8
|
1,694,873
|
Stock | 7,609,606 | 0.14 |
|
IAU CN
|
I-80 Gold Corp |
BBG00Z3VDWD1
|
3,459,987
|
Stock | 6,475,057 | 0.12 |
|
GROY US
|
Gold Royalty Corp |
BBG00ZGH4798
|
1,223,703
|
Stock | 5,873,774 | 0.11 |
|
CMCL US
|
Caledonia Mining Corp Plc |
BBG000CQHQS2
|
440,075
|
Stock | 5,329,308 | 0.10 |
|
SMC CN
|
Sulliden Mining Capital Inc |
BBG006YGFKF6
|
1,694,754
|
Stock | 156,537 | 0.00 |
|
ASM AU
|
Australian Strategic Materials Ltd |
BBG00BN4ZM13
|
1
|
Stock | 5 | 0.00 |
|
.246 HK
|
Real Gold Mining Ltd |
BBG00TC9YZS8
|
19,287,400
|
Stock | 2 | 0.00 |
|
--
|
Other/Cash |
--
|
--
|
Cash | 10,402,751 | 0.19 |
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.