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GDXAU VanEck Gold Miners ETF Please read important disclosure Close important disclosure false

    • GDX
    VanEck Gold Miners ETF

    GDX
    VanEck Gold Miners ETF

    • NAV
      $98.63

      as at 03-Jul-26
    • Total Net Assets
      $1.15B
    • 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 03-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 992,539 138,873,877 12.06
    Agnico Eagle Mines Ltd AEM US 465,874 103,351,407 8.98
    Barrick Mining Corp B US 1,550,568 85,425,995 7.42
    Wheaton Precious Metals Corp WPM US 422,107 70,435,353 6.12
    Anglogold Ashanti Plc AU US 469,000 57,242,948 4.97
    Franco-Nevada Corp FNV US 178,323 55,943,357 4.86
    Gold Fields Ltd GFI US 873,048 44,637,416 3.88
    Kinross Gold Corp KGC US 1,158,994 41,292,970 3.59
    Zijin Mining Group Co Ltd 2899 HK 5,832,231 32,936,640 2.86
    Northern Star Resources Ltd NST AU 1,341,120 29,719,219 2.58
    Pan American Silver Corp PAAS US 410,507 27,398,699 2.38
    Evolution Mining Ltd EVN AU 1,964,807 25,188,826 2.19
    Coeur Mining Inc CDE US 1,003,305 25,026,566 2.17
    Royal Gold Inc RGLD US 82,570 24,302,520 2.11
    Alamos Gold Inc AGI US 408,569 18,603,717 1.62
    Endeavour Mining Plc EDV LN 211,743 16,483,628 1.43
    Hecla Mining Co HL US 649,213 15,286,061 1.33
    Iamgold Corp IAG US 562,083 13,420,941 1.17
    Harmony Gold Mining Co Ltd HMY US 541,336 12,558,713 1.09
    First Majestic Silver Corp AG US 476,002 12,230,344 1.06
    Eldorado Gold Corp EGO US 251,750 12,225,419 1.06
    Dundee Precious Metals Inc DPM CN 208,369 10,779,593 0.94
    Equinox Gold Corp EQX US 734,664 10,741,104 0.93
    Fresnillo Plc FRES LN 179,518 10,102,658 0.88
    Triple Flag Precious Metals Corp TFPM US 197,911 8,985,966 0.78
    Ssr Mining Inc SSRM US 199,736 8,818,277 0.77
    Oceanagold Corp OGC CN 217,202 8,371,165 0.73
    Or Royalties Inc OR US 182,354 8,266,469 0.72
    Lundin Gold Inc LUG CN 96,824 8,199,876 0.71
    G Mining Ventures Corp GMIN CN 168,397 7,755,717 0.67
    Zijin Gold International Co Ltd 2259 HK 392,147 7,749,626 0.67
    B2gold Corp BTG US 1,220,690 7,181,047 0.62
    Cia De Minas Buenaventura Saa BVN US 165,869 7,107,817 0.62
    Perseus Mining Ltd PRU AU 1,301,784 6,795,312 0.59
    Genesis Minerals Ltd GMD AU 1,038,869 6,534,486 0.57
    Greatland Resources Ltd GGP AU 500,161 5,886,895 0.51
    Ramelius Resources Ltd RMS AU 1,805,569 5,795,876 0.50
    Torex Gold Resources Inc TXG CN 90,862 5,754,382 0.50
    K92 Mining Inc KNT CN 232,370 5,715,635 0.50
    Zhaojin Mining Industry Co Ltd 1818 HK 1,610,393 5,675,150 0.49
    Capricorn Metals Ltd CMM AU 401,210 5,628,976 0.49
    Other 25466C958 510,158 5,160,293 0.45
    Montage Gold Corp MAU CN 273,160 4,799,252 0.42
    Regis Resources Ltd RRL AU 719,037 4,767,215 0.41
    Westgold Resources Ltd WGX AU 915,769 4,652,107 0.40
    Centerra Gold Inc CGAU US 193,187 4,618,326 0.40
    Aris Mining Corp ARMN US 196,920 4,542,888 0.39
    Vault Minerals Ltd VAU AU 989,188 4,510,697 0.39
    Orla Mining Ltd ORLA US 299,932 4,402,433 0.38
    Wesdome Gold Mines Ltd/Canada WDO CN 144,319 4,141,961 0.36
    Aya Gold & Silver Inc AYA CN 134,460 4,003,754 0.35
    Skeena Resources Ltd SKE US 96,641 3,999,130 0.35
    Pan African Resources Plc PAN SJ 1,954,683 3,940,335 0.34
    Fortuna Silver Mines Inc FSM US 292,267 3,674,671 0.32
    Seabridge Gold Inc SA US 92,025 3,664,812 0.32
    Endeavour Silver Corp EXK US 288,264 3,557,840 0.31
    Perpetua Resources Corp PPTA US 113,308 3,484,766 0.30
    Allied Gold Corp AAUC US 95,708 3,394,732 0.29
    Shandong Gold Mining Co Ltd 1787 HK 931,284 3,369,230 0.29
    Aura Minerals Inc AUGO US 34,250 3,232,651 0.28
    Silvercorp Metals Inc SVM US 205,781 3,047,179 0.26
    Novagold Resources Inc NG US 322,414 2,993,794 0.26
    Hochschild Mining Plc HOC LN 308,779 2,985,375 0.26
    Predictive Discovery Ltd PDI AU 3,792,690 2,901,408 0.25
    Emerald Resources Nl EMR AU 505,941 2,883,864 0.25
    West African Resources Ltd WAF AU 927,250 2,698,298 0.23
    Wanguo Gold Group Ltd 3939 HK 1,394,041 2,455,073 0.21
    Abrasilver Resource Corp ABRA CN 139,822 2,105,848 0.18
    Lingbao Gold Co Ltd 3330 HK 694,770 2,014,170 0.18
    Bellevue Gold Ltd BGL AU 1,407,908 1,872,518 0.16
    Americas Gold & Silver Corp USAS US 264,964 1,868,177 0.16
    Snowline Gold Corp SGD CN 128,300 1,859,349 0.16
    Mineros Sa MSA CN 263,372 1,842,889 0.16
    Resolute Mining Ltd RSG AU 1,802,015 1,811,025 0.16
    Southern Cross Gold Consolidated Ltd SX2 AU 187,871 1,750,958 0.15
    G2 Goldfields Inc GTWO CN 166,351 1,729,959 0.15
    Hycroft Mining Holding Corp HYMC US 48,010 1,635,060 0.14
    I-80 Gold Corp IAUX US 747,128 1,605,105 0.14
    Vizsla Silver Corp VZLA US 326,046 1,570,173 0.14
    Ora Banda Mining Ltd OBM AU 1,301,116 1,548,328 0.13
    Catalyst Metals Ltd CYL AU 237,347 1,445,443 0.13
    Gogold Resources Inc GGD CN 401,324 1,442,809 0.13
    Mcewen Mining Inc MUX US 49,867 1,358,930 0.12
    Drdgold Ltd DRD US 42,073 1,328,525 0.12
    Alkane Resources Ltd ALK AU 914,059 1,316,245 0.11
    Kingsgate Consolidated Ltd KCN AU 234,721 1,229,938 0.11
    Rio2 Ltd RIO CN 390,302 1,181,211 0.10
    Orezone Gold Corp ORE CN 423,455 1,092,324 0.09
    Sunshine Silver Mining & Refining Co SSMR US 48,916 1,029,031 0.09
    Collective Mining Ltd CNL CN 47,913 955,664 0.08
    Highlander Silver Corp HSLV CN 122,310 922,914 0.08
    International Tower Hill Mines Ltd THM US 254,247 850,484 0.07
    Tongguan Gold Group Ltd 340 HK 2,342,460 848,324 0.07
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 151,093 840,498 0.07
    Elemental Royalty Corp ELE US 33,943 837,380 0.07
    Pantoro Gold Ltd PNR AU 347,327 830,112 0.07
    Santacruz Silver Mining Ltd SCZM US 83,469 805,144 0.07
    Osisko Development Corp ODV US 214,933 796,450 0.07
    Gold Royalty Corp GROY US 186,506 769,097 0.07
    Metalla Royalty & Streaming Ltd MTA US 66,900 736,956 0.06
    Dakota Gold Corp DC US 111,183 718,189 0.06
    Galiano Gold Inc GAU US 249,557 712,455 0.06
    New Pacific Metals Corp NEWP US 95,688 590,505 0.05
    New Found Gold Corp NFGC US 238,770 571,492 0.05
    Andean Precious Metals Corp APM CN 54,234 351,951 0.03
    Other/Cash --   -7,950,596 -0.69
    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.

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