GOEX


Gold Explorers ETF

Reasons to Consider GOEX

Targeted Exposure

GOEX is a targeted play on gold exploration.

Appeal of Gold

Historically, investors have turned to gold as a potential store of value – particularly during periods of volatility.

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 02/06/23

Inception Date 11/03/10
Total Expense Ratio 0.65%
Net Assets $37.39 million
NAV $26.11
Fact Sheet

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 02/06/23

Ticker GOEX
Bloomberg Index Ticker SOLGOEX
CUSIP 37954Y863
ISIN US37954Y8637
Primary Exchange NYSE Arca
Shares Outstanding 1,432,054
Number of Holdings 52
30-Day Median Bid-Ask Spread 0.53%

Distributions As of 02/06/23

30-Day SEC Yield 0.30%
Distribution Frequency Semi-Annually

ETF Prices As of 02/06/23

NAV $26.11 Daily Change -$0.50 -1.88%
Market Price $26.04 Daily Change -$0.17 -0.65%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -14.47% -14.63% -14.09%
3 Years -0.55% -0.50% -0.03%
5 Years 2.88% 2.78% 3.45%
10 Years -3.28% -3.27% -2.41%
Since Inception -7.92% -7.92% -7.29%
1 Year 3.90% 3.40% 4.21%
3 Years 3.45% 3.65% 3.95%
5 Years 5.47% 5.63% 6.03%
10 Years -1.33% -1.35% -0.45%
Since Inception -7.06% -7.04% -6.43%
Year-to-Date -14.47% -14.63% -14.09%
1 Month 3.24% 1.49% 3.27%
3 Months 20.47% 20.41% 20.81%
Since Inception -63.36% -63.37% -60.19%
Year-to-Date 11.31% 11.58% 11.23%
1 Month 11.31% 11.58% 11.23%
3 Months 36.99% 36.87% 37.10%
Since Inception -59.21% -59.13% -55.71%

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 02/06/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.95 MDKA IJ MERDEKA COPPER G BZ0W5W7 0.31 8,490,553 2,599,897.00
6.55 HL HECLA MINING CO 2418601 5.85 418,409 2,447,692.65
4.35 AGI CN ALAMOS GOLD INC-CLASS A BZ3DNP6 10.58 153,504 1,624,537.89
4.14 EDV CN ENDEAVOUR MINING PLC BN7KJJ5 23.43 66,061 1,547,994.00
3.98 PRU AU PERSEUS MINING LTD B02FBC1 1.45 1,029,000 1,489,657.02
3.82 BTO CN B2GOLD CORP B29VFC4 3.75 380,130 1,426,670.51
3.54 SSRM CN SSR MINING INC BF7MPL9 15.92 83,041 1,321,941.38
3.41 ELD CN ELDORADO GOLD CORP BHZJ5Y9 9.18 138,846 1,274,384.53
2.94 CEY LN CENTAMIN PLC B5TT187 1.27 867,746 1,099,184.54
2.89 CG CN CENTERRA GOLD INC B01NXQ4 6.44 167,591 1,079,866.20
2.86 OGC CN OCEANAGOLD CORP B1Z7L21 2.01 533,529 1,070,586.97
2.85 NG NOVAGOLD RESOURCES INC 2206903 6.16 172,686 1,063,745.76
2.59 KOZAL TI KOZA ALTIN ISLETMELERI AS B3LP189 27.80 34,788 967,205.80
2.55 ANTM IJ ANEKA TAMBANG TBK 6053859 0.15 6,315,034 952,183.80
2.35 DPM CN DUNDEE PRECIOUS B00VD03 6.11 143,906 879,125.50
2.32 EQX CN EQUINOX GOLD CORP BKLNP13 4.09 211,637 866,649.23
2.28 KNT CN K92 MINING BYZ2CB3 5.20 163,520 850,685.59
2.24 TXG CN TOREX GOLD RESOURCES INC BD2NKY1 12.87 64,928 835,757.10
2.23 GOR AU GOLD ROAD RESOURCES LTD B15F5K1 1.07 780,384 832,582.36
2.13 RRL AU REGIS RESOURCES LTD 6476542 1.41 566,034 796,131.55
2.07 DEG AU DE GREY MINING LTD 6534837 0.96 802,370 773,462.86
2.02 CDE COEUR MINING INC 2208136 3.60 209,634 754,682.40
1.87 LUG CN LUNDIN GOLD INC BTKSSY6 10.63 65,846 699,786.56
1.70 SA SEABRIDGE GOLD INC B00VFP2 12.69 50,213 637,202.97
1.67 CMM AU CAPRICORN METALS LTD BDD98W2 3.03 205,917 623,044.76
1.59 BGL AU BELLEVUE GOLD LTD BFZ31P0 0.79 749,231 593,726.15
1.58 OLA CN ORLA MINING LTD BYZGJ92 3.92 150,520 589,528.74
1.53 SLR AU SILVER LAKE RESOURCES LTD B28RMY4 0.82 701,209 572,509.77
1.50 NGD CN NEW GOLD INC 2826947 1.09 514,629 562,227.07
1.32 WDO CN WESDOME GOLD MINES LTD B0Y90N5 4.60 107,387 494,017.71
1.31 OSK CN OSISKO MINING INC BDBCBP7 2.23 219,199 488,719.85
1.28 WAF AU WEST AFRICAN RES B4KBBN0 0.70 686,277 480,272.89
1.23 EDR CN ENDEAVOUR SILVER CORP 2980003 3.24 142,359 461,287.38
1.16 KRR CN KARORA RESOURCES INC BK9RML6 3.40 127,367 432,586.82
1.10 RMS AU RAMELIUS RESOURCES LTD 6586872 0.65 630,688 411,080.27
0.88 SBB CN SABINA GOLD & SILVER CORP 2764779 0.99 330,920 327,095.69
0.85 GGP LN GREATLAND GOLD PLC B15XDH8 0.10 3,191,417 318,194.78
0.82 LLL AU LEO LITHIUM LTD BPX2X20 0.42 735,105 305,135.83
0.79 SBM AU ST BARBARA LTD 6317072 0.48 610,929 293,411.57
0.77 MCR AU MINCOR RESOURCES NL 6000521 1.08 267,543 288,191.85
0.76 TIE AU TIETTO MINERALS LTD BFLYWP4 0.51 557,204 284,812.44
0.76 AR CN ARGONAUT GOLD INC B50H726 0.50 571,671 284,656.51
0.72 WGX AU WESTGOLD RESOURCES LTD BYVQ673 0.78 348,149 269,918.13
0.65 SKE CN SKEENA RESOURCES LTD BMDM761 5.66 42,872 242,788.93
0.64 PAF LN PAN AFRICAN RESOURCES PLC 0430049 0.20 1,219,022 238,980.85
0.54 VGCX CN VICTORIA GOLD CORP BKMJWS6 7.48 26,916 201,237.38
0.49 MUX MCEWEN MINING INC BQGD8H7 6.24 29,527 184,248.48
0.47 HOC LN HOCHSCHILD MINING PLC B1FW502 0.78 224,167 175,435.51
0.46 RED AU RED 5 LTD 6367550 0.13 1,341,502 170,275.24
0.41 SOLG LN SOLGOLD PLC B0WD0R3 0.19 811,114 151,803.14
0.19 FFX AU FIREFINCH LTD BKPJ9T3 0.09 825,148 71,616.13
0.00 CANADIAN DOLLAR 0.74 95 70.30
0.00 AUSTRALIAN DOLLAR 0.69 1 0.93
0.00 HONG KONG DOLLAR 0.13 2 0.29
0.00 INDONESIA RUPIAH 0.00 1 0.00
0.00 GREAT BEAR RESOURCES CVR BLBCHCR 0.00 46,614 0.00
-0.05 CASH 1.00 -17,643 -17,643.41
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 12/31/22

Sector Weight (%)
Materials 100.0

Source: AltaVista Research, LLC

Country Breakdown As of 12/31/22

Country Weight (%)
Canada 46.8
Australia 23.0
Britain 9.1
United States 9.0
Indonesia 8.6
Turkey 2.9
South Africa 0.7

Source: AltaVista Research, LLC

ETF Characteristics As of 02/06/23

Return on Equity 6.50%
Weighted Avg. Market Cap 2,425 M
2022 2023
Price-to-earnings 27.50 19.68
Price-to-book value 1.30 1.24

Source: AltaVista Research, LLC

ETF Risk Stats As of 01/31/23

Versus Beta
S&P 500 1.30
MSCI EAFE 1.28
MSCI Emg. Mkts 1.28
Standard Deviation 43.80%

Source: AltaVista Research, LLC

ETF Research

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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. GOEX is non-diversified.

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.

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