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GDX
VanEck Gold Miners UCITS ETF

Fund Description

Glittering through good and bad times, gold has proved the ultimate hedge against uncertainty. The VanEck Gold Miners UCITS ETF invests in gold and silver miners’ stocks, which have prices strongly correlated with the gold price.

  • Gold is often seen as an investment safe haven
  • Gold miners provide the advantages of both physical gold and revenue generating companies
  • Spread portfolio risks
  • Possible protection against inflation
  • Gold miners have historically provided leveraged exposure to gold prices


Risk factors: Risk of Investing in Natural Resources Companies, Industry or Sector Concentration Risk, Risk of investing in Smaller Companies



Underlying Index

NYSE Arca Gold Miners Index (GDMNTR)

Fund Details
 

  • Fund Ticker

    GDX

  • Management Company

    VanEck Asset Management B.V.

  • Custodian

    State Street Custodial Services (Ireland) Limited

  • Domicile

    Ireland

  • UCITS Compliant

    Yes

  • Index Ticker

    GDMNTR

  • Index Provider

    ICE Data Indices, LLC

  • Rebalance Frequency

    Quarterly
1The "Net Asset Value" (NAV) of all ETFs is determined at the close of each business day, and represents the 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. Investors should not expect to buy or sell ETF shares at NAV.

2The date the fund was launched prior to quotation on the stock exchange.

 
as of 30 Sep 2022

  • NAV1

    25.93

  • Shares Outstanding

    22,850,000

  • Number of Holdings

    49

  • Base Currency

    USD

  • Net Assets

    $592.4M

  • Product Structure

    Physical (Full Replication)

  • Income Treatment

    Reinvestment

  • Distribution Frequency

    None

  • Total Expense Ratio

    0.53%

  • SFDR Classification

    Article 6
  • Fact Sheet
  • Fund Holiday Calendar

Trading Information as of 30 Sep 2022

London
Stock Exchange
USD
Exchange Ticker GDX
ISIN IE00BQQP9F84
SEDOL BVYTYH4
Bloomberg GDX LN
Reuters (RIC) GDX.L
Valor 26419120
Bloomberg iNAV GDXINAV
Reuters iNAV GDXINAV=SOLA
WKN A12CCL
Trading Currency USD
Last Traded Price 26.47
Day's Move 0.91
Volume 238,962
30 Day Volume 75,891
VWAP Volume 238,962
London
Stock Exchange
GBP
Exchange Ticker GDGB
ISIN IE00BQQP9F84
SEDOL BYPCLG1
Bloomberg GDGB LN
Reuters (RIC) --
Valor 26419120
Bloomberg iNAV GDXINAV
Reuters iNAV GDXINAV=SOLA
WKN A12CCL
Trading Currency GBP
Last Traded Price 23.66
Day's Move 0.65
Volume 50,063
30 Day Volume 12,302
VWAP Volume 48,044
Deutsche
Börse
EUR
Exchange Ticker G2X
ISIN IE00BQQP9F84
SEDOL BWXBW18
Bloomberg G2X GY
Reuters (RIC) G2X.DE
Valor 26419120
Bloomberg iNAV GDXEUIV
Reuters iNAV GDXEURINAV=IHSM
WKN A12CCL
Trading Currency EUR
Last Traded Price 26.92
Day's Move 0.91
Volume 40,658
30 Day Volume 42,742
VWAP Volume 40,658
SIX
Swiss Exchange
CHF
Exchange Ticker GDX
ISIN IE00BQQP9F84
SEDOL BXVMBZ7
Bloomberg GDX SE
Reuters (RIC) GDX.S
Valor 26419120
Bloomberg iNAV GDXINAV
Reuters iNAV GDXINAV=SOLA
WKN A12CCL
Trading Currency CHF
Last Traded Price 25.93
Day's Move 0.99
Volume 6,623
30 Day Volume 3,428
VWAP Volume 6,623
BATS
USD
Exchange Ticker GDXl
ISIN IE00BQQP9F84
SEDOL BVYTYH4
Bloomberg GDXL IX
Reuters (RIC) GDXl.CHI
Valor 26419120
Bloomberg iNAV GDXINAV
Reuters iNAV GDXEURINAV=IHSM
WKN A12CCL
Trading Currency USD
Last Traded Price 26.37
Day's Move 1.07
Volume 25,641
30 Day Volume 6,307
VWAP Volume 25,641
BATS
GBP
Exchange Ticker GDGXx
ISIN IE00BQQP9F84
SEDOL BYPCLG1
Bloomberg GDGXX IX
Reuters (RIC) GDGXx.CHI
Valor 26419120
Bloomberg iNAV GDXINAV
Reuters iNAV GDXEURINAV=IHSM
WKN A12CCL
Trading Currency GBP
Last Traded Price 23.49
Day's Move 0.00
Volume 0
30 Day Volume --
VWAP Volume 0
Borsa
Italiana
EUR
Exchange Ticker GDX
ISIN IE00BQQP9F84
SEDOL --
Bloomberg GDX IM
Reuters (RIC) --
Valor 26419120
Bloomberg iNAV GDXEUIV
Reuters iNAV GDXEURINAV=IHSM
WKN A12CCL
Trading Currency EUR
Last Traded Price 26.95
Day's Move 0.99
Volume 36,938
30 Day Volume 23,154
VWAP Volume 36,938

NAVs as of 30 Sep 2022

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
GDX USD $25.93 $0.51 / +2.00% -24.92%
0.53

Performance History* (%)

View All ETFs View All Indices
Month End as of 31 Aug 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -8.80 -25.06 -25.24 -25.50 -6.32 0.18 -- 3.49
GDMNTR (Index) -8.78 -25.02 -25.11 -25.28 -5.95 0.61 -5.62 3.94
Performance Differential (NAV - Index) -0.02 -0.04 -0.13 -0.22 -0.37 -0.43 -- -0.45
Quarter End as of 30 Jun 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -13.79 -28.30 -14.00 -17.60 3.30 5.32 -- 5.59
GDMNTR (Index) -13.80 -28.25 -13.91 -17.35 3.73 5.76 -3.63 6.05
Performance Differential (NAV - Index) 0.01 -0.05 -0.09 -0.25 -0.43 -0.44 -- -0.46
Calendar Year as of 31 Dec 2021 2017 2018 2019 2020 2021
ETF (NAV) 11.64 -9.03 40.16 23.09 -9.72
GDMNTR (Index) 12.15 -8.67 40.89 23.69 -9.37

Past performance does not predict future returns.

ETF returns not available if there is less than one year’s performance data.

*Periods greater than one year are annualised.

Investing is subject to risk, including the possible loss of principal. You must read the Prospectus and KIID before investing, which are available at the Document section of the fund on www.vaneck.com.

ETF performance: Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12-month performance for each of the last 10 years where available. E.g. '1st year' shows the most recent of these 12-month periods and '2nd year' shows the previous 12 month period and so on.

Performance data for the Irish domiciled ETFs is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply.

Returns may increase or decrease as a result of currency fluctuations.

Index performance: Performance quoted represents past performance of the underlying Index. An index performance is not illustrative of the Product's performance. It is not possible to invest directly in an index: indices are not securities in which investments can be made.
For more information on the Index performance, please consult the Index Provider´s website.

NYSE Arca Gold Miners Index is a service mark of ICE Data Indices, LLC or its affiliates (“ICE Data”) and has been licensed for use by VanEck UCITS ETF plc. (the “Fund”) in connection with VanEck Gold Miners UCITS ETF (the “Sub-Fund”). Neither the Fund nor the Sub-Fund is sponsored, endorsed, sold or promoted by ICE Data. ICE Data makes no representations or warranties regarding the Fund or the Sub-Fund or the ability of the NYSE Arca Gold Miners Index to track general stock market performance. ICE DATA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE NYSE ARCA GOLD MINERS INDEX OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. ICE Data Indices, LLC and its affiliates (“ICE Data”) indices and related information, the name "ICE Data", and related trademarks, are intellectual property licensed from ICE Data, and may not be copied, used, or distributed without ICE Data's prior written approval. The Fund have not been passed on as to its legality or suitability, and is not regulated, issued, endorsed, sold, guaranteed, or promoted by ICE Data.

Market Makers

Top 10 Holdings (%) as of 31 Aug 2022 View All Holdings »

Total Holdings: 54
Holding Name
Ticker
Shares Market Value
(USD) 		% of Net
Assets
NEWMONT CORP
NEM US
1,880,901
77,794,065 12.30
BARRICK GOLD CORP
GOLD US
4,216,956
62,621,797 9.90
FRANCO-NEVADA CORP
FNV US
453,799
54,546,640 8.62
AGNICO EAGLE MINES LTD
AEM US
1,079,993
44,506,512 7.04
WHEATON PRECIOUS METALS CORP
WPM US
1,069,964
32,633,902 5.16
NEWCREST MINING LTD
NCM AU
2,329,585
28,315,640 4.48
GOLD FIELDS LTD
GFI US
3,137,771
25,384,567 4.01
ZIJIN MINING GROUP CO LTD
2899 HK
20,194,000
23,001,377 3.64
NORTHERN STAR RESOURCES LTD
NST AU
4,101,404
22,156,331 3.50
ROYAL GOLD INC
RGLD US
231,058
21,234,230 3.36
Top 10 Total (%) 62.01
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 31 Aug 2022

  • Country

    % of Net Assets
  • ■

    Canada

    41.72
  • ■

    United States

    17.27
  • ■

    Australia

    13.97
  • ■

    Brazil

    7.52
  • ■

    South Africa

    5.16
  • ■

    China

    4.87
  • ■

    Other/Cash

    9.49

Sector Weightings (%) as of 31 Aug 2022

  • Sector

    % of Net Assets
  • ■

    Materials

    99.6
  • ■

    Other/Cash

    0.4

 Important Disclosure           

This website is for informational/advertisement purposes only.

Information contained in this website does not constitute any legal or investment advice. This website does not constitute an offer to sell or solicitation to buy any security, including shares of any investment fund promoted on this website and other financial instrument, products or services sponsored by any VanEck affiliates ("VanEck").

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An investment in the promoted investment funds may only be made based on the investment fund’s official sales prospectus, the relevant supplement and KIID and will be subject to the terms and conditions contained therein.

You can lose money by investing in the Funds. The value of the investments may go up or down and the investor may not get back the amount invested. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. Any investment in a fund should be part of an overall investment program, not a complete program. An investor should consider investment objectives, risks, charges, and expenses of the investment carefully before investing.

Investment fund investing involves risk, including possible loss of principal. Investors should consult the prospectus and key investor information document ("KIID") before subscribing to any fund. The prospectus, the key investor information documents and the financial reports can be obtained free of charge from this website and upon request from the funds’ registered office and the offices of all local information agents. The documents, except for KIIDs, are only available in English and certain other languages as applicable.

Performance data for the Irish domiciled funds is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Performance data for the Dutch domiciled ETFs include income distributions gross of Dutch withholding tax, net of fees and assume that the Dutch dividend withholding tax levied from the dividend payment of the ETF will be deducted or reclaimed with the Dutch tax authority and is reinvested. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. Brokerage or transaction fees will apply. The Dutch domiciled ETFs use a gross reinvestment index. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors deduct or reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. For more information please be referred to the respective fund’s performance section on this website.

The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

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