au en false false Default
GDXAU VanEck Gold Miners ETF Please read important disclosure Close important disclosure false

    • GDX
    VanEck Gold Miners ETF

    GDX
    VanEck Gold Miners ETF

    • NAV
      $92.23

      as at 14-Jul-26
    • Total Net Assets
      $1.11B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      105
    • Inception Date
      26-Jun-15
    The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 3pm next business day.
    MVAU GDX SQUARE_New

    Overview

    Fund Description

    Our gold miners ETF, GDX gives investors exposure to a diversified portfolio of companies involved in the gold mining industry. GDX aims to provide investment returns, before fees and other costs, which track the performance of the Index.

    Key benefits

    Access the power of gold miners

    Gold mining companies' fortunes are inextricably linked to the price of gold bullion.

    Portfolio risk management

    The gold mining sector has historically benefited during periods of extreme volatility in financial markets and has been used to provide a hedge to inflation.

    Global diversification

    Access a portfolio of global large to mid-sized gold mining companies with one trade on ASX.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has no investment timeframe, and has a high or very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has no minimum investment timeframe, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a standalone solution, major, core, minor or satellite allocation within a portfolio, has no investment timeframe and has a low risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.

    Performance

    Holdings & allocations

    All holdings (%) as at 14-Jul-26 Download all holdings

    No. of holdings: 105
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,017,206 137,932,405 12.41
    Agnico Eagle Mines Ltd AEM US 477,451 98,674,345 8.88
    Barrick Mining Corp B US 1,589,100 82,985,701 7.47
    Wheaton Precious Metals Corp WPM US 432,598 67,166,450 6.04
    Anglogold Ashanti Plc AU US 480,655 55,264,147 4.97
    Franco-Nevada Corp FNV US 182,755 53,080,683 4.78
    Gold Fields Ltd GFI US 894,745 42,678,856 3.84
    Kinross Gold Corp KGC US 1,187,797 40,644,331 3.66
    Zijin Mining Group Co Ltd 2899 HK 5,967,905 33,234,921 2.99
    Northern Star Resources Ltd NST AU 1,374,449 27,324,046 2.46
    Pan American Silver Corp PAAS US 420,708 26,196,787 2.36
    Evolution Mining Ltd EVN AU 2,013,635 23,720,620 2.13
    Coeur Mining Inc CDE US 1,028,238 23,544,627 2.12
    Royal Gold Inc RGLD US 84,621 23,434,719 2.11
    Alamos Gold Inc AGI US 418,721 17,599,765 1.58
    Endeavour Mining Plc EDV LN 217,006 15,001,321 1.35
    Hecla Mining Co HL US 665,347 14,759,039 1.33
    Iamgold Corp IAG US 576,050 12,357,767 1.11
    Harmony Gold Mining Co Ltd HMY US 554,788 12,100,135 1.09
    First Majestic Silver Corp AG US 487,831 11,819,648 1.06
    Eldorado Gold Corp EGO US 258,005 10,885,134 0.98
    Dundee Precious Metals Inc DPM CN 213,547 10,387,468 0.93
    Equinox Gold Corp EQX US 752,922 10,236,507 0.92
    Fresnillo Plc FRES LN 183,979 9,160,077 0.82
    Ssr Mining Inc SSRM US 204,699 8,146,947 0.73
    Triple Flag Precious Metals Corp TFPM US 202,830 8,092,881 0.73
    Lundin Gold Inc LUG CN 99,231 7,770,639 0.70
    Or Royalties Inc OR US 186,887 7,729,566 0.70
    Oceanagold Corp OGC CN 222,601 7,555,493 0.68
    Cia De Minas Buenaventura Saa BVN US 169,992 7,548,983 0.68
    Zijin Gold International Co Ltd 2259 HK 401,271 7,546,541 0.68
    G Mining Ventures Corp GMIN CN 172,582 7,070,067 0.64
    B2gold Corp BTG US 1,251,025 6,785,524 0.61
    Perseus Mining Ltd PRU AU 1,334,134 6,470,550 0.58
    Genesis Minerals Ltd GMD AU 1,064,685 6,388,110 0.57
    Zhaojin Mining Industry Co Ltd 1818 HK 1,647,856 5,581,309 0.50
    Ramelius Resources Ltd RMS AU 1,850,438 5,551,314 0.50
    Greatland Resources Ltd GGP AU 512,589 5,448,821 0.49
    Capricorn Metals Ltd CMM AU 411,180 5,238,433 0.47
    K92 Mining Inc KNT CN 238,145 5,231,943 0.47
    Torex Gold Resources Inc TXG CN 93,120 5,213,109 0.47
    Vault Minerals Ltd VAU AU 1,013,770 5,048,575 0.45
    Regis Resources Ltd RRL AU 736,907 4,856,217 0.44
    Montage Gold Corp MAU CN 279,949 4,577,144 0.41
    Centerra Gold Inc CGAU US 197,988 4,539,202 0.41
    Westgold Resources Ltd WGX AU 938,525 4,457,994 0.40
    Discovery Silver Corp DSV CN 522,836 4,316,745 0.39
    Aris Mining Corp ARMN US 201,813 4,196,555 0.38
    Orla Mining Ltd ORLA US 307,385 4,174,717 0.38
    Aya Gold & Silver Inc AYA CN 137,802 3,947,751 0.36
    Skeena Resources Ltd SKE US 99,042 3,819,938 0.34
    Wesdome Gold Mines Ltd/Canada WDO CN 147,906 3,737,297 0.34
    Fortuna Silver Mines Inc FSM US 299,530 3,647,943 0.33
    Pan African Resources Plc PAN SJ 2,003,260 3,618,826 0.33
    Seabridge Gold Inc SA US 94,312 3,489,038 0.31
    Endeavour Silver Corp EXK US 295,427 3,416,172 0.31
    Shandong Gold Mining Co Ltd 1787 HK 952,950 3,198,074 0.29
    Allied Gold Corp AAUC US 98,088 3,172,506 0.29
    Perpetua Resources Corp PPTA US 116,125 3,155,941 0.28
    Aura Minerals Inc AUGO US 35,102 2,866,935 0.26
    Silvercorp Metals Inc SVM US 210,896 2,831,062 0.25
    Hochschild Mining Plc HOC LN 316,453 2,802,648 0.25
    Novagold Resources Inc NG US 330,426 2,790,001 0.25
    Emerald Resources Nl EMR AU 518,516 2,779,246 0.25
    West African Resources Ltd WAF AU 950,292 2,679,823 0.24
    Predictive Discovery Ltd PDI AU 3,886,942 2,584,816 0.23
    Wanguo Gold Group Ltd 3939 HK 1,426,470 2,573,312 0.23
    Abrasilver Resource Corp ABRA CN 143,297 2,157,622 0.19
    Lingbao Gold Co Ltd 3330 HK 710,932 2,092,503 0.19
    Bellevue Gold Ltd BGL AU 1,442,895 1,897,407 0.17
    Snowline Gold Corp SGD CN 131,489 1,819,194 0.16
    Mineros Sa MSA CN 269,918 1,728,433 0.16
    Resolute Mining Ltd RSG AU 1,846,796 1,717,520 0.15
    Southern Cross Gold Consolidated Ltd SX2 AU 192,539 1,682,791 0.15
    Americas Gold & Silver Corp USAS US 271,549 1,632,209 0.15
    G2 Goldfields Inc GTWO CN 170,484 1,593,296 0.14
    Hycroft Mining Holding Corp HYMC US 49,202 1,539,257 0.14
    Vizsla Silver Corp VZLA US 334,149 1,530,271 0.14
    I-80 Gold Corp IAUX US 765,695 1,490,297 0.13
    Ora Banda Mining Ltd OBM AU 1,333,450 1,486,797 0.13
    Catalyst Metals Ltd CYL AU 243,244 1,396,221 0.13
    Gogold Resources Inc GGD CN 411,298 1,318,977 0.12
    Alkane Resources Ltd ALK AU 936,774 1,316,167 0.12
    Mcewen Mining Inc MUX US 51,107 1,305,560 0.12
    Drdgold Ltd DRD US 43,120 1,279,252 0.12
    Rio2 Ltd RIO CN 400,002 1,066,924 0.10
    Orezone Gold Corp ORE CN 433,978 1,020,586 0.09
    Sunshine Silver Mining & Refining Co SSMR US 50,131 929,800 0.08
    Collective Mining Ltd CNL CN 49,104 911,326 0.08
    Kingsgate Consolidated Ltd KCN AU 240,554 878,022 0.08
    International Tower Hill Mines Ltd THM US 260,565 831,571 0.07
    Highlander Silver Corp HSLV CN 125,351 823,109 0.07
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 154,608 814,707 0.07
    Tongguan Gold Group Ltd 340 HK 2,396,953 814,039 0.07
    Elemental Royalty Corp ELE US 34,785 807,958 0.07
    Santacruz Silver Mining Ltd SCZM US 85,544 795,758 0.07
    Osisko Development Corp ODV US 220,273 750,268 0.07
    Metalla Royalty & Streaming Ltd MTA US 68,562 719,226 0.06
    Dakota Gold Corp DC US 113,946 714,252 0.06
    Pantoro Gold Ltd PNR AU 355,957 710,134 0.06
    Gold Royalty Corp GROY US 191,141 708,487 0.06
    Galiano Gold Inc GAU US 255,758 666,160 0.06
    New Pacific Metals Corp NEWP US 98,067 564,192 0.05
    New Found Gold Corp NFGC US 244,705 511,298 0.05
    Andean Precious Metals Corp APM CN 55,583 333,294 0.03
    Other/Cash --   249,180 0.02
    Total 100.00
    These are not recommendations to buy or to sell any security.

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into MUFG’s Investor Centre. Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Plans”.

    Documents & insights

    Frequently asked questions

    Gold miners ETFs such as GDX offer a different type of exposure to gold compared with investing in bullion or a physical gold ETF. Gold miners ETFs invest in gold mining companies. The fortunes of gold miners are inextricably linked to the price of gold and, historically, gold mining stocks tend to outperform bullion when the gold price rises and underperform when it falls. This is why gold miners are considered a leveraged play on the gold price.

    Other differing factors are:

    • Miners may distribute dividends to their investors.
    • The stock price will be influenced by company management and operational execution as well as geopolitical and regulatory risks related to the location of the mines.

    Learn more about investing in gold and gold ETFs.

    A gold miners ETF, GDX provides a range of potential benefits for investors:

    • Exposure to the price of gold with the convenience of an ETF.
    • Gold miners tend to outperform gold bullion when the price rises, and vice versa.
    • Miners generally pay dividends to investors.
    • GDX provides a diversified exposure across a broad range of global gold mining companies.
    • Potential inflation hedge - the gold mining sector has tended to perform well during periods of rising inflation.
    • Potential defence - gold miners have historically benefited during periods of extreme market volatility.

    Read more about GDX’s suitability in portfolios in the Target Market Determination.

    We believe GDX is the superior gold miners ETF on ASX.

    GDX has a 10-year track record in Australia and was the first gold miners ETF listed on ASX. GDX tracks the NYSE Arca Gold Miners Index which offers a “pure play” exposure to gold mining companies as it requires constituents to earn >50% of revenue from gold mining. Conversely, other gold miners ETFs on ASX do not track a pure play index and may include companies in which the core business is not gold mining.

    GDX is the most cost-effective option on ASX with a low management fee of 0.53%.

    Gold miners ETFs like GDX are generally best suited for investors seeking capital growth. While gold mining companies can pay dividends to their investors, gold miners ETFs like GDX are not considered appropriate for investors whose investment objective is income.

    GDX may also provide some portfolio risk management. The gold mining sector has historically benefited during periods of extreme volatility in financial markets and has been used to provide a hedge to inflation. Learn more about investing in gold and gold miners ETFs.

    Read more about GDX’s suitability in portfolios in the Target Market Determination.

    GDX may be suitable for investors who want a targeted exposure to the gold mining sector and are:

    • Seeking capital growth;
    • Intending to use the gold miners ETF as a minor or satellite allocation within a portfolio;
    • Looking to invest in the gold miners ETF for at least 5 years; and
    • Have a very high risk/return profile.

    Read more about the type of investor likely to be appropriate for GDX in GDX’s Target Market Determination.

    Past performance is not indicative of future performance.

    GDXAU /blog/gold/
    Exchange Traded Funds (ETFs)
    Information about
    Education
    Connect with us