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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
      $121.85

      as at 19-Mar-26
    • Total Net Assets
      $1.41B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      92
    • 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.

    Performance

    Holdings & allocations

    All holdings (%) as at 19-Mar-26 Download all holdings

    No. of holdings: 92
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,080,278 152,307,521 10.82
    Agnico Eagle Mines Ltd AEM US 497,209 130,577,422 9.28
    Barrick Mining Corp B US 1,666,982 90,693,672 6.44
    Wheaton Precious Metals Corp WPM US 449,336 77,433,182 5.50
    Franco-Nevada Corp FNV US 209,459 68,782,688 4.89
    Anglogold Ashanti Plc AU US 516,142 62,859,871 4.47
    Kinross Gold Corp KGC US 1,503,155 58,579,460 4.16
    Gold Fields Ltd GFI US 1,008,194 58,390,994 4.15
    Zijin Mining Group Co Ltd 2899 HK 7,460,704 46,971,359 3.34
    Pan American Silver Corp PAAS US 526,814 36,194,126 2.57
    Royal Gold Inc RGLD US 105,186 33,647,259 2.39
    Northern Star Resources Ltd NST AU 1,723,061 32,669,237 2.32
    Evolution Mining Ltd EVN AU 2,508,385 30,627,381 2.18
    Alamos Gold Inc AGI US 524,383 29,528,217 2.10
    Hecla Mining Co HL US 826,695 20,690,873 1.47
    Coeur Mining Inc CDE US 790,414 20,524,251 1.46
    Endeavour Mining Plc EDV LN 256,797 19,921,415 1.42
    Iamgold Corp IAG US 712,709 17,108,662 1.22
    Equinox Gold Corp EQX US 939,106 16,563,821 1.18
    First Majestic Silver Corp AG US 607,337 16,357,356 1.16
    Zijin Gold International Co Ltd 2259 HK 501,651 15,190,842 1.08
    Harmony Gold Mining Co Ltd HMY US 699,266 13,565,919 0.96
    Fresnillo Plc FRES LN 230,298 13,449,569 0.96
    Lundin Gold Inc LUG CN 123,871 12,589,978 0.89
    Oceanagold Corp OGC CN 284,540 12,294,104 0.87
    New Gold Inc NGD US 943,820 12,180,053 0.87
    Dundee Precious Metals Inc DPM CN 268,078 12,004,833 0.85
    Or Royalties Inc OR US 234,717 11,542,365 0.82
    Eldorado Gold Corp EGO US 250,292 11,507,882 0.82
    Triple Flag Precious Metals Corp TFPM US 250,107 11,303,869 0.80
    Zhaojin Mining Industry Co Ltd 1818 HK 2,054,835 10,289,870 0.73
    B2gold Corp BTG US 1,594,818 9,542,614 0.68
    Cia De Minas Buenaventura Saa BVN US 203,786 9,236,406 0.66
    G Mining Ventures Corp GMIN CN 221,264 9,051,428 0.64
    Ssr Mining Inc SSRM US 252,109 8,631,759 0.61
    Ramelius Resources Ltd RMS AU 2,337,691 8,439,065 0.60
    Perseus Mining Ltd PRU AU 1,680,171 7,997,614 0.57
    Genesis Minerals Ltd GMD AU 1,331,021 7,333,926 0.52
    Orla Mining Ltd ORLA US 377,540 7,174,118 0.51
    Shandong Gold Mining Co Ltd 1787 HK 1,191,335 7,050,854 0.50
    Torex Gold Resources Inc TXG CN 119,615 6,963,194 0.49
    Greatland Resources Ltd GGP AU 630,984 6,877,726 0.49
    K92 Mining Inc KNT CN 296,029 6,474,965 0.46
    Westgold Resources Ltd WGX AU 1,141,925 6,143,557 0.44
    Pan African Resources Plc PAN SJ 2,495,627 6,095,622 0.43
    Centerra Gold Inc CGAU US 248,422 5,832,762 0.41
    Aris Mining Corp ARMN US 244,963 5,828,142 0.41
    Regis Resources Ltd RRL AU 915,610 5,823,280 0.41
    Capricorn Metals Ltd CMM AU 505,631 5,299,013 0.38
    Perpetua Resources Corp PPTA US 139,973 5,293,748 0.38
    Vault Minerals Ltd VAU AU 1,274,312 5,262,909 0.37
    Allied Gold Corp AAUC US 114,870 5,064,337 0.36
    Discovery Silver Corp DSV CN 640,722 5,062,948 0.36
    Fortuna Silver Mines Inc FSM US 380,560 4,867,879 0.35
    Skeena Resources Ltd SKE US 123,652 4,709,883 0.33
    Endeavour Silver Corp EXK US 366,908 4,531,595 0.32
    Wesdome Gold Mines Ltd/Canada WDO CN 188,193 4,324,840 0.31
    Novagold Resources Inc NG US 381,272 4,280,911 0.30
    Aura Minerals Inc AUGO US 44,012 4,157,870 0.30
    Hochschild Mining Plc HOC LN 395,369 4,094,767 0.29
    Seabridge Gold Inc SA US 113,914 4,021,637 0.29
    Montage Gold Corp MAU CN 298,497 4,012,582 0.29
    West African Resources Ltd WAF AU 1,236,031 3,572,130 0.25
    Silvercorp Metals Inc SVM US 264,530 3,564,162 0.25
    Emerald Resources Nl EMR AU 647,882 3,317,156 0.24
    Wanguo Gold Group Ltd 3939 HK 1,518,278 3,206,477 0.23
    Resolute Mining Ltd RSG AU 2,332,549 3,055,639 0.22
    Aya Gold & Silver Inc AYA CN 163,102 3,032,027 0.22
    Hycroft Mining Holding Corp HYMC US 63,326 2,858,490 0.20
    Bellevue Gold Ltd BGL AU 1,792,892 2,635,551 0.19
    Southern Cross Gold Consolidated Ltd SX2 AU 282,103 2,505,075 0.18
    Snowline Gold Corp SGD CN 162,673 2,299,627 0.16
    Lingbao Gold Co Ltd 3330 HK 522,063 2,227,840 0.16
    Americas Gold & Silver Corp USAS US 262,781 2,203,536 0.16
    Abrasilver Resource Corp ABRA CN 177,890 2,131,543 0.15
    Ora Banda Mining Ltd OBM AU 1,653,503 2,116,484 0.15
    Drdgold Ltd DRD US 53,907 2,039,517 0.14
    Predictive Discovery Ltd PDI AU 2,448,001 1,958,401 0.14
    Vizsla Silver Corp VZLA US 411,911 1,885,096 0.13
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 245,875 1,877,215 0.13
    Catalyst Metals Ltd CYL AU 293,334 1,780,537 0.13
    I-80 Gold Corp IAUX US 910,717 1,708,565 0.12
    Mcewen Mining Inc MUX US 57,314 1,593,323 0.11
    Kingsgate Consolidated Ltd KCN AU 278,541 1,582,113 0.11
    Alkane Resources Ltd ALK AU 994,538 1,437,107 0.10
    Collective Mining Ltd CNL CN 60,572 1,289,119 0.09
    Tongguan Gold Group Ltd 340 HK 2,199,987 1,261,337 0.09
    Pantoro Gold Ltd PNR AU 361,108 1,245,823 0.09
    Mineros Sa MSA CN 260,215 1,239,651 0.09
    Osisko Development Corp ODV US 223,614 969,333 0.07
    New Found Gold Corp NFGC US 252,770 650,247 0.05
    Andean Precious Metals Corp APM CN 53,699 347,581 0.02
    Other/Cash --   16,292 0.00
    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 Update”.

    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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