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GDX
VanEck 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 07/01/22

  • 30-Day SEC Yield1

    1.61%
  • Total Net Assets

    $11.2B
  • Number of Holdings

    54
  • Options

    Available
  • Gross Expense Ratio2

    0.51%
  • Net Expense Ratio/TER2

    0.51%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Morningstar™ Ratings3
as of 05/31/2022

Category Overall 3 Year 5 Year
Equity Precious Metals
3 stars of 66 funds
3 stars of 66 funds
4 stars of 60 funds

Key Points

  • 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

    397,852,500
  • Estimated Cash

    GMIEU
  • Total Cash

    GMITC
  • CUSIP

    92189F106
  • ISIN

    US92189F1066
Source: Bloomberg

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%

2Expenses for GDX are capped contractually at 0.53% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • 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
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 07/01/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
GDX $28.07
$28.16
19,910,146
30,971,914
$0.59 / +2.16%
$0.78 / +2.85%
-12.26%
-12.08%
$0.09
0.31%
0.03%

Premium/Discount History as of 07/01/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 98 19 33 25 27
GDX Days closed at NAV 18 9 2 1 1
Days closed at a discount 136 36 29 36 34

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) -9.40 -7.51 -0.48 -17.44 15.00 7.88 -2.37 -0.69
GDX (Share Price) -9.32 -7.71 -0.94 -18.13 14.79 7.82 -2.41 -0.71
GDMNTR (Index) -9.34 -7.30 -0.12 -17.15 15.52 8.31 -1.96 -0.24
Performance Differential (NAV - Index) -0.06 -0.21 -0.36 -0.29 -0.52 -0.43 -0.41 -0.45
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/06
GDX (NAV) 11.48 19.95 19.95 20.55 20.76 11.95 -1.75 0.47
GDX (Share Price) 11.55 19.73 19.73 20.01 20.74 11.87 -1.76 0.47
GDMNTR (Index) 11.37 19.99 19.99 20.88 21.16 12.33 -1.36 0.91
Performance Differential (NAV - Index) 0.11 -0.04 -0.04 -0.33 -0.40 -0.38 -0.39 -0.44

Top 10 Holdings (%) as of 05/31/22 Daily Holdings

Total Holdings: 56
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Newmont Corp
NEM US
29,666,453
2,012,868,836 15.94
Barrick Gold Corp
GOLD US
66,607,303
1,364,783,638 10.81
Franco-Nevada Corp
FNV US
7,157,071
1,016,733,506 8.05
Agnico Eagle Mines Ltd
AEM US
17,023,977
901,079,103 7.14
Wheaton Precious Metals Corp
WPM US
16,864,247
696,662,044 5.52
Newcrest Mining Ltd
NCM AU
34,957,225
612,712,647 4.85
Zijin Mining Group Co Ltd
2899 HK
289,998,000
391,782,417 3.10
Gold Fields Ltd
GFI US
41,335,087
386,069,713 3.06
Royal Gold Inc
RGLD US
3,325,591
376,057,830 2.98
Northern Star Resources Ltd
NST AU
58,847,352
373,639,358 2.96
Top 10 Total (%) 64.41
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • Canada

    41.41
  • United States

    20.34
  • Australia

    13.88
  • Brazil

    7.58
  • South Africa

    4.13
  • China

    4.01
  • Tanzania

    2.88
  • United Kingdom

    2.30
  • Kyrgyzstan

    0.93
  • Peru

    0.87
  • Turkey

    0.59
  • Egypt

    0.47
  • Burkina Faso

    0.42
  • Mexico

    0.20
  • Other/Cash

    -0.01

Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • Materials

    100.0
  • Other/Cash

    0.0