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How to Purchase

GDX
VanEck Vectors Gold Miners ETF

  • We believe Gold companies are healthier than they’ve been in 10-20 years with low operating costs, healthy balance sheets, and attractive valuations.
  • Extreme monetary policies, negative real interest rates, unsustainable sovereign and corporate debt levels and diminishing dollar headwinds should continue to support higher prices for gold in our view.
  • Historically, mid-tier and junior gold mining companies have historically outperformed in market recoveries and/or supportive gold price environments.

Read Joe Foster’s Latest Commentary: A Gold Star for the Other Junior Class

Video: Joe Foster: Gold Continues to Shine

Fund Description

VanEck Vectors® Gold Miners ETF (GDX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (GDMNTR), which is intended to track the overall performance of companies involved in the gold mining industry.

 
 

  • Fund Ticker

    GDX
  • Exchange

    NYSE Arca
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    GDMNTR
  • Index Rebalancing

    Quarterly

 
as of 07/02/20

  • 30-Day SEC Yield1

    0.31%
  • Total Net Assets

    $15.8B
  • Number of Holdings

    54
  • Options

    Available
  • Gross Expense Ratio2

    0.52%
  • Net Expense Ratio/TER2

    0.52%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 05/31/2020

Category Overall 3 Year 5 Year
Equity Precious Metals
3 stars of 60 Funds
4 stars of 60 Funds
3 stars of 59 funds

Key Points

  • Nation's First Gold Miners ETF
    An industry driven by demand across regions and segments of the market

  • Pure Play with Global Scope
    Companies must derive at least 50% of total revenues from gold mining and related activities to be added to the Index

  • Convenient Customization
    Customize overall commodity exposure with targeted allocation to gold mining companies

Trading Information

  • Fund Ticker

    GDX
  • Index Total Return Ticker

    GDMNTR
  • NAV

    GMINV
  • Intraday NAV (IIV)4

    GMI
  • Shares Outstanding

    436,402,500
  • Estimated Cash

    GMIEU
  • Total Cash

    GMITC
  • CUSIP

    92189F106
  • ISIN

    US92189F1066
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 GDX are capped contractually at 0.53% until May 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 07/02/20

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
GDX $36.24
$36.17
32,608,400
28,343,049
-$0.49 / -1.33%
$-0.39 / -1.07%
+23.51%
+23.53%
$-0.07
-0.18%
0.03%

Premium/Discount History as of 07/02/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 122 25 31 39 24
GDX Days closed at NAV 10 4 1 4 5
Days closed at a discount 120 34 32 21 33

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/06
GDX (NAV) 5.61 29.26 16.77 60.01 15.42 12.51 -3.02 -0.43
GDX (Share Price) 6.39 30.89 17.21 59.99 15.52 12.56 -3.03 -0.42
GDMNTR (Index) 5.62 29.35 17.13 61.30 15.97 12.99 -2.55 0.04
Performance Differential (NAV - Index) -0.01 -0.09 -0.36 -1.29 -0.55 -0.48 -0.47 -0.47
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/06
GDX (NAV) -11.62 -20.16 -20.16 5.11 1.62 5.71 -5.56 -3.13
GDX (Share Price) -12.13 -21.31 -21.31 3.43 0.98 5.42 -5.73 -3.24
GDMNTR (Index) -11.66 -20.01 -20.01 5.78 2.08 6.14 -5.11 -2.67
Performance Differential (NAV - Index) 0.04 -0.15 -0.15 -0.67 -0.46 -0.43 -0.45 -0.46

Top 10 Holdings (%) as of 05/31/20 Daily Holdings

Total Holdings: 50
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
NEWMONT CORP
NEM US
36,797,282
2,151,537,079 14.49
BARRICK GOLD CORP
GOLD US
80,998,693
1,943,968,632 13.10
FRANCO-NEVADA CORP
FNV US
8,628,662
1,213,017,304 8.17
WHEATON PRECIOUS METALS CORP
WPM US
20,408,585
877,569,155 5.91
AGNICO EAGLE MINES LTD
AEM US
11,362,803
727,219,392 4.90
NEWCREST MINING LTD
NCM AU
34,410,135
694,373,088 4.68
KIRKLAND LAKE GOLD LTD
KL CN
15,102,857
579,660,370 3.90
ANGLOGOLD ASHANTI LTD
AU US
22,684,924
557,141,733 3.75
ROYAL GOLD INC
RGLD US
3,572,555
475,864,326 3.21
KINROSS GOLD CORP
KGC US
68,501,510
448,684,891 3.02
Top 10 Total (%) 65.13
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/20

  • Country

    % of Net Assets
  • Canada

    53.23
  • United States

    19.52
  • Australia

    14.30
  • South Africa

    6.76
  • Brazil

    1.87
  • China

    1.31
  • Côte D'Ivoire

    0.97
  • Egypt

    0.86
  • Peru

    0.73
  • Russia

    0.43
  • Other/Cash

    0.01

Sector Weightings (%) as of 05/31/20

  • Sector

    % of Net Assets
  • Materials

    100.0
  • Other/Cash

    0.0