GDXVanEck Gold Miners ETF
Fund Description
VanEck 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 -
Inception Date
05/16/2006 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
GDMNTR -
Index Rebalancing
Quarterly
as of 05/26/23
-
30-Day SEC Yield1
1.60% -
Total Net Assets
$12.4B -
Number of Holdings
48 -
Options
Available -
Gross Expense Ratio2
0.51% -
Net Expense Ratio/TER2
0.51% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
Fund Highlights
- Nation's First Gold Miners ETF
Highly liquid ETF and most popular investment product of its kind6
- High Beta Exposure to Gold Prices7
Gold miners have historically provided leveraged exposure to gold prices
- Industry Leaders
Portfolio of the largest global gold mining companies
Trading Information
-
Fund Ticker
GDX -
Index Total Return Ticker
GDMNTR -
NAV
GMINV -
Intraday NAV (IIV)4
GMI -
Shares Outstanding
408,452,500 -
Estimated Cash
GMIEU -
Total Cash
GMITC -
CUSIP
92189F106 -
ISIN
US92189F1066
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.01% -
Gross Expense Ratio
0.51% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.51%
2 Expenses for GDX are capped contractually at 0.53% until May 1, 2024. 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
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
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) | 3.69 | 5.16 | 17.22 | -2.76 | 2.51 | 9.68 | 1.89 | -0.24 |
GDX (Share Price) | 3.80 | 4.87 | 17.17 | -2.45 | 2.66 | 9.64 | 1.87 | -0.25 |
GDMNTR (Index) | 3.63 | 5.42 | 17.43 | -2.61 | 2.74 | 10.02 | 2.26 | 0.19 |
Performance Differential (NAV - Index) | 0.06 | -0.26 | -0.21 | -0.15 | -0.23 | -0.34 | -0.37 | -0.43 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/16/06 |
|
---|---|---|---|---|---|---|---|---|
GDX (NAV) | 18.47 | 13.05 | 13.05 | -14.12 | 12.89 | 9.19 | -0.70 | -0.46 |
GDX (Share Price) | 17.59 | 12.88 | 12.88 | -14.25 | 13.43 | 9.12 | -0.72 | -0.47 |
GDMNTR (Index) | 18.68 | 13.31 | 13.31 | -13.72 | 13.21 | 9.60 | -0.34 | -0.02 |
Performance Differential (NAV - Index) | -0.21 | -0.26 | -0.26 | -0.40 | -0.32 | -0.41 | -0.36 | -0.44 |
Top 10 Holdings (%) as of 04/30/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Newmont Corp |
NEM US
|
28,358,536
|
1,344,194,606 | 9.72 |
Barrick Gold Corp |
GOLD US
|
62,948,016
|
1,198,530,225 | 8.67 |
Franco-Nevada Corp |
FNV US
|
6,847,132
|
1,039,257,695 | 7.52 |
Agnico Eagle Mines Ltd |
AEM US
|
18,315,858
|
1,039,058,624 | 7.52 |
Wheaton Precious Metals Corp |
WPM US
|
16,148,215
|
797,398,857 | 5.77 |
Gold Fields Ltd |
GFI US
|
50,553,714
|
786,615,790 | 5.69 |
Newcrest Mining Ltd |
NCM AU
|
36,123,571
|
688,888,215 | 4.98 |
Anglogold Ashanti Ltd |
AU US
|
23,695,990
|
629,839,414 | 4.56 |
Northern Star Resources Ltd |
NST AU
|
65,061,249
|
579,588,122 | 4.19 |
Zijin Mining Group Co Ltd |
2899 HK
|
324,402,000
|
549,213,136 | 3.97 |
Top 10 Total (%) | 62.59 |
Country Weightings (%)
as of 04/30/23
Country | % of Net Assets |
---|---|
● Canada | 41.09 |
● United States | 15.20 |
● Australia | 14.46 |
● South Africa | 7.24 |
● Brazil | 5.77 |
● China | 5.67 |
● Tanzania | 4.56 |
● United Kingdom | 2.61 |
● Turkey | 0.84 |
● Peru | 0.73 |
● Egypt | 0.61 |
● Kyrgyzstan | 0.61 |
● Burkina Faso | 0.56 |
● Other/Cash | 0.06 |
Sector Weightings (%)
as of 04/30/23
Sector | % of Net Assets |
---|---|
● Materials | 99.94 |
● Other/Cash | 0.06 |