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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 26 May 2023

  • NAV1

    33.32
  • Shares Outstanding

    25,050,000
  • Number of Holdings

    48
  • Base Currency

    USD
  • Net Assets

    $834.7M
  • 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 26 May 2023

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 30.10
Day's Move -0.50
Volume 2,660
30 Day Volume 17,615
VWAP Volume 2,660

NAVs as of 26 May 2023

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
GDX USD $33.32 $0.05 / +0.15% +5.94%
0.53

Performance History* (%)

  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF 3.59 5.22 17.13 -3.09 2.31 9.55 -- 7.83
GDMNTR (Index) 3.63 5.42 17.43 -2.61 2.74 10.02 2.26 8.31
Performance differential (ETF – Index) -0.04 -0.20 -0.30 -0.48 -0.43 -0.47 -- -0.48
  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF 18.58 13.08 13.08 -14.13 12.72 9.13 -- 7.44
GDMNTR (Index) 18.68 13.31 13.31 -13.72 13.21 9.60 -0.34 7.92
Performance differential (ETF – Index) -0.10 -0.23 -0.23 -0.41 -0.49 -0.47 -- -0.48
  2018 2019 2020 2021 2022
ETF -9.03 40.16 23.09 -9.72 -8.92
GDMNTR (Index) -8.67 40.89 23.69 -9.37 -8.63

Market Makers

Top 10 Holdings (%) as of 30 Apr 2023 View All Holdings »

Total Holdings: 48
Swipe<br>to view <br> full data
Holding Name
Ticker
Shares Market Value
(USD)
% of Net
Assets
NEWMONT CORP NEM US 1,870,016 88,638,758 9.74
BARRICK GOLD CORP GOLD US 4,150,911 79,033,345 8.69
AGNICO EAGLE MINES LTD AEM US 1,208,450 68,555,369 7.53
FRANCO-NEVADA CORP FNV US 451,523 68,532,161 7.53
WHEATON PRECIOUS METALS CORP WPM US 1,064,855 52,582,540 5.78
GOLD FIELDS LTD GFI US 3,322,303 51,695,035 5.68
NEWCREST MINING LTD NCM AU 2,388,098 45,640,799 5.02
ANGLOGOLD ASHANTI LTD AU US 1,557,261 41,391,997 4.55
NORTHERN STAR RESOURCES LTD NST AU 4,275,712 38,032,626 4.18
ZIJIN MINING GROUP CO LTD 2899 HK 21,332,000 35,925,176 3.95
Top 10 Total (%) 62.64
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 30 Apr 2023

  • Country

    % of Net Assets
  • Canada

    41.12
  • United States

    15.21
  • Australia

    14.46
  • South Africa

    7.22
  • Brazil

    5.78
  • China

    5.64
  • Other/Cash

    10.57

Sector Weightings (%) as of 30 Apr 2023

  • Sector

    % of Net Assets
  • Materials

    99.9
  • Other/Cash

    0.1

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