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Trending ETFs

Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$33.53

$13.5 B

1.49%

$0.50

0.51%

Vitals

YTD Return

8.1%

1 yr return

-2.9%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

10.4%

Net Assets

$13.5 B

Holdings in Top 10

63.8%

52 WEEK LOW AND HIGH

$33.8
$25.78
$35.69

Expenses

OPERATING FEES

Expense Ratio 0.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$33.53

$13.5 B

1.49%

$0.50

0.51%

GDX - Profile

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 10.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.53%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    VanEck Gold Miners ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    May 22, 2006
  • Shares Outstanding
    396452500
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Liao

Fund Description

The Fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. Such companies may include small- and medium-capitalization companies and foreign issuers. The Gold Miners Index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The weight of companies whose revenues are more significantly exposed to silver mining will not exceed 20% of the Gold Miners Index at rebalance. As of December 31, 2022, the Gold Miners Index included 49 securities of companies
with a market capitalization range of between approximately $614.16 million and $37.53 billion and a weighted average market capitalization of $16.99 billion. These amounts are subject to change. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Gold Miners Index by investing in a portfolio of securities that generally replicates the Gold Miners Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Gold Miners Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Gold Miners Index. The Fund normally invests at least 80% of its total assets in securities that comprise the Gold Miners Index.
The Fund is classified as a non-diversified fund under the Investment Company Act of 1940, as amended (the “Investment Company Act of 1940”), and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Gold Miners Index concentrates in an industry or group of industries. As of December 31, 2022, the gold mining industry represented a significant portion of the Fund.
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GDX - Performance

Return Ranking - Trailing

Period GDX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -16.1% 16.2% 49.23%
1 Yr -2.9% -37.3% 3.5% 33.85%
3 Yr -0.7%* -19.8% 3.7% 16.92%
5 Yr 10.4%* -0.5% 14.1% 43.10%
10 Yr 4.5%* -4.2% 6.4% 28.85%

* Annualized

Return Ranking - Calendar

Period GDX Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -19.2% 10.1% 9.23%
2022 -10.5% -32.9% -1.3% 20.00%
2021 -11.1% -51.0% 70.4% 46.15%
2020 23.0% 10.6% 63.4% 73.44%
2019 38.8% -1.0% 54.7% 51.72%

Total Return Ranking - Trailing

Period GDX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -16.1% 16.2% 49.23%
1 Yr -2.9% -37.3% 3.5% 33.85%
3 Yr -0.7%* -19.8% 3.7% 16.92%
5 Yr 10.4%* -0.5% 14.1% 43.10%
10 Yr 4.5%* -4.2% 6.4% 28.85%

* Annualized

Total Return Ranking - Calendar

Period GDX Return Category Return Low Category Return High Rank in Category (%)
2023 10.0% -19.2% 12.3% 4.62%
2022 -9.0% -32.9% 2.7% 18.46%
2021 -9.5% -23.6% 80.2% 46.15%
2020 23.7% 10.6% 70.6% 85.94%
2019 39.8% 0.7% 58.5% 48.28%

GDX - Holdings

Concentration Analysis

GDX Category Low Category High GDX % Rank
Net Assets 13.5 B 8.82 M 13.5 B 1.54%
Number of Holdings 52 24 271 49.23%
Net Assets in Top 10 8.36 B 9.07 M 8.36 B 1.54%
Weighting of Top 10 63.80% 32.6% 81.9% 33.85%

Top 10 Holdings

  1. Newmont Corp 14.21%
  2. Barrick Gold Corp 9.46%
  3. Agnico Eagle Mines Ltd 8.08%
  4. Wheaton Precious Metals Corp 6.66%
  5. Franco-Nevada Corp 6.34%
  6. Northern Star Resources Ltd 4.38%
  7. Gold Fields Ltd 4.35%
  8. Zijin Mining Group Co Ltd 3.84%
  9. Royal Gold Inc 3.26%
  10. Anglogold Ashanti Plc 3.22%

Asset Allocation

Weighting Return Low Return High GDX % Rank
Stocks
99.89% 83.54% 118.45% 30.77%
Cash
0.64% 0.00% 7.87% 50.77%
Preferred Stocks
0.00% 0.00% 0.84% 43.08%
Other
0.00% -0.53% 14.99% 70.77%
Convertible Bonds
0.00% 0.00% 0.00% 43.08%
Bonds
0.00% 0.00% 9.60% 46.15%

Stock Sector Breakdown

Weighting Return Low Return High GDX % Rank
Basic Materials
100.00% 93.10% 100.00% 27.69%
Utilities
0.00% 0.00% 0.02% 46.15%
Technology
0.00% 0.00% 0.19% 43.08%
Real Estate
0.00% 0.00% 0.00% 43.08%
Industrials
0.00% 0.00% 4.56% 47.69%
Healthcare
0.00% 0.00% 0.00% 43.08%
Financial Services
0.00% 0.00% 0.14% 43.08%
Energy
0.00% 0.00% 2.88% 44.62%
Communication Services
0.00% 0.00% 0.00% 43.08%
Consumer Defense
0.00% 0.00% 0.00% 43.08%
Consumer Cyclical
0.00% 0.00% 2.75% 43.08%

Stock Geographic Breakdown

Weighting Return Low Return High GDX % Rank
US
77.37% 1.10% 101.19% 7.69%
Non US
22.52% 0.00% 95.25% 93.85%

GDX - Expenses

Operational Fees

GDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.39% 4.25% 93.85%
Management Fee 0.50% 0.35% 1.00% 16.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

GDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 1.00% 114.00% 28.57%

GDX - Distributions

Dividend Yield Analysis

GDX Category Low Category High GDX % Rank
Dividend Yield 1.49% 0.00% 4.40% 24.62%

Dividend Distribution Analysis

GDX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

GDX Category Low Category High GDX % Rank
Net Income Ratio 1.53% -18.00% 5.11% 7.69%

Capital Gain Distribution Analysis

GDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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GDX - Fund Manager Analysis

Managers

Peter Liao


Start Date

Tenure

Tenure Rank

May 16, 2006

16.05

16.1%

Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.

Guo Hua (Jason) Jin


Start Date

Tenure

Tenure Rank

Mar 12, 2018

4.22

4.2%

Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.25 34.34 11.89 1.3