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Learn more about Gold Investing

GDX
VanEck Gold Miners ETF

Market Updates*

  • Vaccine news and the stimulus bill has created an outlook for strong economic growth, which dampens our near-term outlook for gold.
  • We expect catalysts to emerge in the second half of 2021, which may include excessive inflationary expectations, continued Central Bank asset purchases and rising commodity prices. Our long-term bull market view for gold remains intact.
  • Gold companies remain a compelling value buy, in our view. Balance sheets continue to get stronger and miners are remaining disciplined in their capital investment.

Learn More | Gold Heats Up on Warming Inflation

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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    GDMNTR
  • Index Rebalancing

    Quarterly

 
as of 09/17/21

  • 30-Day SEC Yield1

    1.32%
  • Total Net Assets

    $12.8B
  • Number of Holdings

    56
  • Options

    Available
  • Gross Expense Ratio2

    0.51%
  • Net Expense Ratio/TER2

    0.51%
  • Distribution Frequency

    Annual

Index Key Points

Underlying Index: NYSE Arca Gold Miners Index (GDMNTR)

The Index comprises:

Publicly traded companies involved in the gold and silver mining industry.

Companies eligible for inclusion in Index:

  • Globally-listed
  • Market capitalization greater than $750 million
  • Average daily volume of at least 50,000 shares
  • Average daily value traded of at least $1 million

Index provider:

ICE Data Indices, LLC

Index Profile

  • Ticker

    GDMNTR
  • Inception Date

    10/01/2004
  • Rebalance Frequency

    Quarterly

Index Top 10 Constituents (%) as of 08/31/21

Total Constituents: 55
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full data
Constituent Name
Ticker
Weightings (%)
Newmont Mining Corp
NEM US
14.80
Barrick Gold Corp
GOLD US
11.37
Franco-Nevada Corp
FNV US
8.88
Wheaton Precious Metals Corp
WPM US
6.46
Newcrest Mining Ltd
NCM AU
4.89
Agnico-Eagle Mines Ltd
AEM US
4.28
Kirkland Lake Gold Ltd
KL CN
3.82
Gold Fields Ltd-Spons Adr
GFI US
3.03
Northern Star Resources Ltd
NST AU
2.98
Zijin Mining Group Co Ltd-H
2899 HK
2.94
Top 10 Total (%) 63.45
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/21

  • Country

    Weightings (%)
  • Canada

    53.9
  • United States

    19.5
  • Australia

    12.7
  • South Africa

    6.7
  • China

    3.7
  • Burkina Faso

    2.2
  • Peru

    0.7
  • Egypt

    0.6

Index Sector Weightings (%) as of 08/31/21

  • Sector

    Weightings (%)
  • Materials

    100.0