GOEX


Gold Explorers ETF

Reasons to Consider GOEX

Differentiated Exposure

Demand for gold is heavily influenced by central bank purchases and the jewelry market, making it a more purely precious metal than other metals, such as silver, which are frequently used in industrial applications.

Appeal of Gold

Historically, investors have turned to gold as a potential store of value – particularly during periods of volatility and/or geopolitical unrest.

ETF Efficiency

In a single trade, GOEX delivers efficient access to a basket of companies involved in the exploration of gold.

Key Information As of 05/28/24

Inception Date 11/03/10
Total Expense Ratio 0.65%
Net Assets $40.81 million
NAV $29.96
Fact Sheet View the document

ETF Summary

The Global X Gold Explorers ETF (GOEX) provides investors access to a broad range of companies involved in the exploration of gold deposits.

ETF Objective

The Global X Gold Explorers ETF (GOEX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Gold Explorers & Developers Total Return Index.

Trading Details As of 05/28/24

Ticker GOEX
Bloomberg Index Ticker SOLGOEX
CUSIP 37954Y863
ISIN US37954Y8637
Primary Exchange NYSE Arca
Shares Outstanding 1,362,054
Number of Holdings 51
30-Day Median Bid-Ask Spread 0.54%

Distributions As of 05/28/24

30-Day SEC Yield 0.11%
Distribution Frequency Semi-Annually

ETF Prices As of 05/28/24

NAV $29.96 Daily Change $0.81 2.78%
Market Price $29.85 Daily Change $0.93 3.22%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year -5.73% -4.86% -5.04%
3 Years -2.14% -2.22% -1.60%
5 Years 5.91% 6.02% 6.52%
10 Years 5.07% 5.09% 5.56%
Since Inception -6.83% -6.78% -6.19%
1 Year -1.79% -3.47% -1.10%
3 Years -3.42% -3.95% -2.91%
5 Years 8.06% 7.62% 8.68%
10 Years 5.20% 5.11% 5.69%
Since Inception -6.55% -6.67% -5.92%
Year-to-Date 2.94% 4.39% 3.20%
1 Month 21.47% 21.69% 21.66%
3 Months 2.94% 4.39% 3.20%
Since Inception -61.27% -61.00% -57.58%
Year-to-Date 6.47% 5.42% 6.76%
1 Month 3.43% 0.99% 3.44%
3 Months 16.57% 15.58% 16.80%
Since Inception -59.95% -60.62% -56.11%

The Fund's investment objective and investment strategies changed effective December 1, 2016 and again on May 1, 2017. Hybrid index performance (noted as "Index" above in the chart) reflects the performance of the Solactive Global Gold Explorers Total Return Index through November 30, 2016, the Solactive Global Gold Explorers & Developers Total Return Transition Index through April 30, 2017, and the Solactive Global Gold Explorers & Developers Total Return Index thereafter.

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 05/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.16 HL HECLA MINING CO 2418601 5.93 354,722 2,103,501.46
4.21 AGI CN ALAMOS GOLD INC-CLASS A BZ3DNP6 17.12 100,282 1,716,535.43
3.88 MDKA IJ MERDEKA COPPER G BZ0W5W7 0.18 8,777,053 1,581,942.43
3.86 ELD CN ELDORADO GOLD CORP BHZJ5Y9 15.90 99,122 1,576,007.45
3.74 PRU AU PERSEUS MINING LTD B02FBC1 1.61 950,171 1,525,885.82
3.64 CDE COEUR MINING INC 2208136 5.62 264,528 1,486,647.36
3.24 FVI CN FORTUNA SILVER MINES INC 2383033 6.26 211,085 1,320,490.67
3.10 CEY LN CENTAMIN PLC B5TT187 1.57 805,340 1,265,691.58
2.86 EQX CN EQUINOX GOLD CORP BKLNP13 5.65 206,523 1,167,755.00
2.86 OGC CN OCEANAGOLD CORP B1Z7L21 2.38 490,754 1,166,105.36
2.62 DPM CN DUNDEE PRECIOUS B00VD03 8.48 126,200 1,069,907.23
2.61 CG CN CENTERRA GOLD INC B01NXQ4 7.17 148,517 1,064,142.20
2.58 RMS AU RAMELIUS RESOURCES LTD 6586872 1.37 768,268 1,054,588.88
2.47 LUG CN LUNDIN GOLD INC BTKSSY6 15.00 67,150 1,007,089.95
2.43 BGL AU BELLEVUE GOLD LTD BFZ31P0 1.27 784,475 993,198.22
2.33 NGD CN NEW GOLD INC 2826947 2.11 450,391 951,286.04
2.30 TXG CN TOREX GOLD RESOURCES INC BD2NKY1 15.72 59,624 937,070.38
2.20 KNT CN K92 MINING BYZ2CB3 5.79 154,732 896,470.83
2.16 DEG AU DE GREY MINING LTD 6534837 0.75 1,174,286 880,297.83
2.15 EMR AU EMERALD RESOURCES NL 6107381 2.53 345,906 875,880.62
2.13 WDO CN WESDOME GOLD MINES LTD B0Y90N5 8.40 103,286 867,313.04
2.01 GMD AU GENESIS MINERALS LTD B23G0X1 1.23 663,736 818,220.44
1.92 GOR AU GOLD ROAD RESOURCES LTD B15F5K1 1.10 711,060 781,795.95
1.88 SA SEABRIDGE GOLD INC B00VFP2 15.88 48,237 766,003.56
1.84 SSRM CN SSR MINING INC BF7MPL9 5.36 139,918 750,101.27
1.75 ARTG CN ARTEMIS GOLD INC BKLTQ63 7.81 91,579 715,277.29
1.64 CMM AU CAPRICORN METALS LTD BDD98W2 3.12 215,003 670,491.99
1.64 RRL AU REGIS RESOURCES LTD 6476542 1.28 523,563 669,843.58
1.60 CXB CN CALIBRE MINING CORP BGYKMJ0 1.60 407,097 650,853.62
1.56 SLR AU SILVER LAKE RESOURCES LTD B28RMY4 1.00 637,101 636,799.58
1.53 WAF AU WEST AFRICAN RES B4KBBN0 0.97 647,483 625,604.11
1.50 NG NOVAGOLD RESOURCES INC 2206903 3.83 159,352 610,318.16
1.44 OLA CN ORLA MINING LTD BYZGJ92 4.22 138,881 586,670.50
1.41 OSK CN OSISKO MINING INC BDBCBP7 2.27 253,268 575,799.05
1.40 EDR CN ENDEAVOUR SILVER CORP 2980003 4.13 138,231 570,745.87
1.38 RED AU RED 5 LTD 6367550 0.29 1,918,415 562,468.83
1.35 ANTM IJ ANEKA TAMBANG TBK 6053859 0.09 5,853,834 551,184.49
1.26 RSG AU RESOLUTE MINING LTD 6410636 0.35 1,449,641 511,964.16
1.20 HOC LN HOCHSCHILD MINING PLC B1FW502 2.31 212,364 490,594.68
1.17 BRMS IJ BUMI RESOURCES M B3R5893 0.01 51,457,400 476,516.63
1.16 KRR CN KARORA RESOURCES INC BK9RML6 3.96 119,669 473,919.25
1.13 KOZAL TI KOZA ALTIN ISLETMELERI AS B3LP189 0.70 659,795 461,554.19
1.12 WGX AU WESTGOLD RESOURCES LTD BYVQ673 1.43 317,870 455,398.11
1.03 PAF LN PAN AFRICAN RESOURCES PLC 0430049 0.32 1,316,747 420,616.06
0.81 MUX MCEWEN MINING INC BQGD8H7 12.13 27,131 329,099.03
0.76 GGP LN GREATLAND GOLD PLC B15XDH8 0.10 3,119,787 310,930.31
0.65 VGCX CN VICTORIA GOLD CORP BKMJWS6 5.95 44,764 266,243.29
0.56 SKE CN SKEENA RESOURCES LTD BMDM761 4.45 51,302 228,376.77
0.53 AR CN ARGONAUT GOLD INC B50H726 0.34 630,351 217,274.74
0.11 CASH 1.00 44,882 44,881.79
0.10 FFX AU FIREFINCH LTD BKPJ9T3 0.05 825,148 38,653.64
0.07 OTHER PAYABLE & RECEIVABLES 1.00 29,055 29,055.06
0.00 CANADIAN DOLLAR 0.73 95 69.40
GREAT BEAR RESOURCES CVR BLBCHCR 0.00 46,614
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/24

Sector Weight (%)
Materials 100.0

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Precious Metals 80.7
Other Metals/Minerals 19.3

Source: new windowAltaVista Research, LLC

Country Weight (%)
Canada 45.6
Australia 30.7
United States 9.0
Indonesia 6.8
Britain 5.5
Turkey 1.3
South Africa 1.1

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 05/28/24

Return on Equity 7.40%
Weighted Avg. Market Cap 1,742 M
2023 2024
Price-to-earnings 30.18 20.45
Price-to-book value 1.57 1.48

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 04/30/24

Versus Beta
S&P 500 0.94
NASDAQ-100 0.67
MSCI EAFE 1.24
MSCI Emg. Mkts 1.07
Standard Deviation 33.10%

Source: new windowAltaVista Research, LLC

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments may be subject to higher volatility. There are additional risks associated with investing in Gold and the Gold exploration industry.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.