The GDX ETF aims to replicate the price and yield performance of the NYSE Arca Gold Miners Index.
Top 10 holdings in the fund’s portfolio of 39 stocks include leading global small, mid, and large-sized gold miners.
They are Barrick Gold Corp. (NYSE: ABX), Newmont Mining Corp. (NYSE: NEM), Newcrest Mining Ltd. (ASX: NCM), Anglogold Ashanti Ltd. (NYSE ADR: AU), Rangold Resources Ltd. (NYSE ADR: GOLD), Franco-Nevada Corp. (NYSE: FNV), Agnico Eagle Mines Ltd. (NYSE: AEM), Silver Wheaton Corp. (NYSE: SLW), and Royal Gold Inc. (Nasdaq: RGLD).
Unlike holding physical bullion, GDX offers the potential for income, as well as possible tax advantages.
The ETF pays an annual distribution in December.
And like most ETFs, GDX is tax-efficient since it has very little turnover.
GDX stock is up 5.4% year to date.
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