Industry Sales:

• Gold Mining Industry: 100%

TOP 3 Markets:

1. Canada: approx. 45%
2. Australia: approx. 25%
3. USA: approx. 15%

The VanEck Junior Gold Miners ETF (GDXJ) focuses on companies operating in the gold mining industry, particularly on smaller and mid-sized companies referred to as "Junior" mine operators. These companies are mainly engaged in the exploration and development of gold mines.

Canada is the leading market as many of the companies included in the ETF are based there or have their main activities there. Australia follows as the second-largest market, as it also hosts a significant number of junior gold mine operators. The USA is the third-largest market, attributed to the presence of mines and companies in this sector.

Production: The VanEck Junior Gold Miners ETF (GDXJ) is not a company, but an exchange-traded fund (ETF).

The VanEck Junior Gold Miners ETF invests in a variety of junior gold mining companies worldwide. These companies operate in different countries, including Canada, Australia, South Africa, and the USA. The ETF itself does not produce physical products, but offers investors the opportunity to invest in a diversified portfolio of junior gold mining stocks.

Current Strategy: Diversification and Geographic Expansion
Focus: Investments in small and medium-sized gold mining companies
Objective: Maximizing capital growth through targeted selection of junior gold mines

The VanEck Junior Gold Miners ETF (GDXJ) pursues a strategy focused on diversification and geographic expansion. The fund invests in small and medium-sized gold mining companies known as junior gold mines. These companies often have higher growth potential as they are typically engaged in the exploration and development phase of gold projects.

By selectively choosing junior gold mining companies, the ETF aims to maximize capital growth. This strategy allows the fund to benefit from the potentially higher returns associated with the discovery and development of new gold deposits. At the same time, risk is mitigated through diversification across different companies and regions.

Main commodity: Gold

Main importing countries: Canada, Australia, South Africa, USA

The VanEck Junior Gold Miners ETF (GDXJ) primarily invests in smaller gold mining companies that focus on the exploration and extraction of gold. These companies source their main commodity, gold, from various countries worldwide, with Canada, Australia, South Africa, and the USA being among the leading gold producers.

Since GDXJ is an ETF that invests in companies that mine gold, it does not import any commodities itself. However, the companies included in the ETF mainly source their materials from the aforementioned countries known for their significant gold reserves.

Market Share: Estimated 10-15% in the junior gold miners ETF segment (2025)

Expense Ratio: 0.53% (2025)

The VanEck Junior Gold Miners ETF (GDXJ) has a significant competitive advantage in the junior gold miners ETF space. This advantage stems from its established market position and the broad diversification it offers to investors.

The expense ratio of 0.53% is competitive compared to other ETFs in the same segment, making it attractive to cost-conscious investors. Additionally, the ETF benefits from VanEck's expertise in commodity investments, which builds trust among investors.

The estimated market share of 10-15% in the junior gold miners ETF segment indicates that GDXJ plays a significant role, despite competition from other providers and alternative investment products steadily increasing. Nevertheless, GDXJ remains a preferred choice for investors looking to invest in junior gold miners due to its size and liquidity.

Institutional Investor Share: approximately 60% (estimated for 2025)
Insider Buys/Sells: No significant insider transactions reported (estimated for 2025)

The VanEck Junior Gold Miners ETF (GDXJ) is a popular ETF that focuses on smaller gold mining companies. The institutional investor share typically stands at around 60%, as many institutional investors use this ETF to diversify their investments in the gold mining sector.

Insider buys and sells are less relevant for ETFs like GDXJ, as it is a fund that holds shares in multiple companies rather than a single company. Therefore, there are usually no significant insider transactions reported.

Market share of VanEck Junior Gold Miners ETF (GDXJ): Estimated 5-7% (2025)

Main competitors and their market shares:

1. SPDR Gold Shares (GLD): 30-35%
2. iShares Gold Trust (IAU): 20-25%
3. VanEck Vectors Gold Miners ETF (GDX): 10-15%
4. Aberdeen Standard Physical Gold Shares ETF (SGOL): 5-10%
5. GraniteShares Gold Trust (BAR): 3-5%

The VanEck Junior Gold Miners ETF (GDXJ) focuses on smaller and mid-sized gold mining companies, giving it a specific market share in the junior gold mining sector. Compared to larger ETFs like SPDR Gold Shares and iShares Gold Trust, which focus on physical gold, GDXJ has a smaller market share.

The moat of GDXJ lies in its specialization in junior gold miners, which potentially offer higher growth opportunities but also come with higher risks. This sets it apart from the larger ETFs that prioritize stability and liquidity.

The larger ETFs like GLD and IAU have a stronger moat in terms of liquidity, market access, and an established reputation, making them more attractive to institutional investors. However, GDXJ provides diversification for investors specifically interested in smaller gold mines, offering a certain niche advantage.

Total Expense Ratio (TER): 0.54% (2023)
Assets Under Management: $5.1 billion USD (2023)
Number of Holdings: 100+ (2023)

The VanEck Junior Gold Miners ETF (GDXJ) provides investors with access to smaller gold mining companies that tend to have higher growth potential but also higher risk. The total expense ratio of 0.54% is relatively competitive compared to other specialized ETFs, making it attractive to cost-conscious investors.

The assets under management of over $5 billion USD indicate strong investor interest in this sector, reflecting a positive market sentiment towards junior gold miners. Diversification across more than 100 companies reduces the specific risk associated with individual mining companies.

Overall, the GDXJ could be a good investment for investors who believe in the growth potential of junior gold miners and are willing to bear the higher associated risk. The ETF's performance is heavily influenced by gold prices and the general economic situation, so careful market monitoring is advisable.

Dividend Yield: 1.2% (2024)
Dividend History: Regular payouts since 2010

The VanEck Junior Gold Miners ETF (GDXJ) regularly pays out dividends. The dividend yield was recently around 1.2%, based on the payouts in 2024. The ETF has a long history of dividend payments dating back to 2010, indicating a certain level of reliability.

However, the payouts heavily depend on the earnings of the junior gold mining companies included in the ETF, which in turn are influenced by gold prices and production costs. Therefore, the dividend amount can vary, and investors should consider the volatility in the gold sector.