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GDX
VanEck Vectors Gold Miners ETF

Market Updates*

  • We believe there is a compelling opportunity in the space today with gold reaching all-time highs and companies healthier than they’ve been at any time in the last 10-20 years.
  • In our view, financial market risks – including extreme monetary policies, negative real rates and unsustainable debt levels – remain persistent and pervasive and may continue to support higher gold prices for the foreseeable future.
  • Notable, too, is the historical performance of mid-tier and junior gold mining companies during similar periods of rising gold prices in the past, where such support levels have helped fuel outperformance of these companies relative to their larger-cap, senior/major mining peers.

Learn More | New Year, Same Risks Drive Gold

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 05/10/21

  • 30-Day SEC Yield1

    0.91%
  • Total Net Assets

    $15.7B
  • Number of Holdings

    52
  • Options

    Available
  • Gross Expense Ratio2

    0.51%
  • Net Expense Ratio/TER2

    0.51%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 04/30/2021

Category Overall 3 Year 5 Year
Equity Precious Metals
3 stars of 61 funds
4 stars of 61 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

    419,702,500
  • 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, 2022. 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 05/10/21

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 $37.47
$37.38
20,216,590
24,632,059
$0.09 / +0.24%
$-0.04 / -0.11%
+4.13%
+3.78%
$-0.09
-0.23%
--

Premium/Discount History as of 05/10/21

Calendar Year 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 128 39 34 31 15
GDX Days closed at NAV 13 3 1 4 4
Days closed at a discount 112 21 29 29 42


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) 5.94 -0.60 -4.66 6.32 16.14 6.54 -5.17 -0.36
GDX (Share Price) 5.72 -0.43 -4.61 7.08 16.18 6.45 -5.15 -0.35
GDMNTR (Index) 6.24 -0.63 -4.43 6.59 16.58 7.04 -4.74 0.10
Performance Differential (NAV - Index) -0.30 0.03 -0.23 -0.27 -0.44 -0.50 -0.43 -0.46
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/06
GDX (NAV) 3.80 -10.00 -10.00 38.98 14.46 10.71 -5.40 -0.75
GDX (Share Price) 4.40 -9.77 -9.77 41.81 14.56 10.83 -5.35 -0.72
GDMNTR (Index) 3.48 -10.04 -10.04 39.10 14.89 11.11 -4.99 -0.30
Performance Differential (NAV - Index) 0.32 0.04 0.04 -0.12 -0.43 -0.40 -0.41 -0.45

Top 10 Holdings (%) as of 04/30/21 Daily Holdings

Total Holdings: 52
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
NEWMONT CORP
NEM US
35,567,949
2,219,795,697 15.46
BARRICK GOLD CORP
GOLD US
79,018,752
1,679,148,480 11.69
FRANCO-NEVADA CORP
FNV US
8,486,619
1,181,676,830 8.23
WHEATON PRECIOUS METALS CORP
WPM US
19,974,985
825,366,380 5.75
NEWCREST MINING LTD
NCM AU
37,005,154
758,374,550 5.28
AGNICO EAGLE MINES LTD
AEM US
10,487,893
654,864,039 4.56
KIRKLAND LAKE GOLD LTD
KL CN
13,048,735
484,421,824 3.37
NORTHERN STAR RESOURCES LTD
NST AU
56,848,969
457,994,370 3.19
KINROSS GOLD CORP
KGC US
61,484,919
432,853,830 3.01
ANGLOGOLD ASHANTI LTD
AU US
20,383,411
419,490,598 2.92
Top 10 Total (%) 63.46
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 04/30/21

  • Country

    % of Net Assets
  • Canada

    43.78
  • United States

    19.70
  • Australia

    13.61
  • Brazil

    7.25
  • South Africa

    4.08
  • China

    3.53
  • Tanzania

    2.92
  • Côte D'Ivoire

    1.72
  • Kyrgyzstan

    0.93
  • Peru

    0.84
  • Turkey

    0.59
  • Egypt

    0.58
  • Burkina Faso

    0.51
  • Other/Cash

    -0.05

Sector Weightings (%) as of 04/30/21

  • Sector

    % of Net Assets
  • Materials

    100.0
  • Other/Cash

    0.0