• Ticker:- AUDGDX;false;GDMAUDNR;
  • Ticker Group:- ETFEQ_INTL;false;;

VanEck Blog & Insights

Market Vectors Gold Miners ETF GDX

  • Fund description: The VanEck Vectors Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (GDMNTR). The Index is intended to track the overall performance of companies involved in the gold mining industry.

    Index description: GDMNTR is a modified market capitalisation-weighted index, and provides exposure to publicly traded companies worldwide involved primarily in gold mining, representing a diversified blend of small-, mid- and large- capitalisation stocks. 

    Management style: Replication

  •  as at 16-Aug-17

    • Exchange

      ASX
    • ASX code

      GDX
    • Bloomberg index code

      GDMNTR
    • Index provider

      NYSE Arca
    • NAV1

      $29.21
    • Shares outstanding1

      324,002,500
    • Net assets1

      $9.5B
    • Number of holdings1

      50
    • NYSE commencement

      16-May-06
    • ASX commencement

      26-Jun-15

    1Calculated daily after the NYSE has closed for that day. The NAV is calculated based on the US dollar and then converted to Australian dollars based on the relevant London WM Reuters 4pm exchange rate. This information is generally not updated until around 9am next business day. 

     

  •  as at 16-Aug-17

  • Fundamentals as at 31-Jul-17

    • Weighted avg. market cap
      (US$)

      $9.1B
    • Price/earnings ratio
      (last 12 months)*

      21.8
    • Price/book ratio
      (last 12 months)*

      1.5
    *A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
  • Market capitalisation (%)
    as at 31-Jul-17

    • Capitalisation ranges

      Weightings (%)
    • Large (>$5.0B)

      99.40
    • Mid ($1.0 - $5.0B)

      0.00
    • Small (<$1.0B)

      0.00
    This breakdown represents what percentage of the Fund's assets represent large/mid/small-sized companies. The market capitalisation of an individual, publicly traded company is calculated by multiplying the company's security price by the total number of its shares outstanding.
  • 3-year risk measures
    as at 31-Jul-17

    • Beta vs. MSCI World ex
      Australia

      -0.06
    • Correlation vs. MSCI World
      ex Australia

      -0.01
    • Volatility (standard deviation)

      44.56
    • Sharpe ratio

      -0.08

    Source: VanEck, FactSet.

    Calculations based on US$ returns.

    Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the Fund performance and the index performance. Volatility is the annualised standard deviation of the Fund's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the Fund's return less the risk free rate divided by the standard deviation.

  • Country weightings (%) as at 31-Jul-17

    • Country

      Weightings (%)
    • CANADA

      52.7
    • UNITED STATES

      16.7
    • AUSTRALIA

      13.5
    • UNITED KINGDOM

      6.8
    • SOUTH AFRICA

      6.1
    • PERU

      1.9
    • CHINA

      1.7
    • Other/Cash

      0.6
    • Total

      100.0
  • Portfolio composition (%)
    as at 16-Aug-17

    • Asset classes

      % of Fund net assets
    • Stocks

      100.08
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      -0.08
    • Total

      100.00
  • Sector weightings (%) as at 31-Jul-17

    • Sector

      Weightings (%)
    • Materials

      99.4
    • Other/Cash

      0.6
    • Total

      100.0