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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
      $91.59

      as at 13-Jul-26
    • Total Net Assets
      $1.10B
    • 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 13-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 1,014,698 136,219,725 12.37
    Agnico Eagle Mines Ltd AEM US 476,274 98,558,152 8.95
    Barrick Mining Corp B US 1,585,182 82,150,596 7.46
    Wheaton Precious Metals Corp WPM US 431,531 67,097,312 6.09
    Anglogold Ashanti Plc AU US 479,470 55,144,233 5.01
    Franco-Nevada Corp FNV US 182,304 52,703,861 4.79
    Gold Fields Ltd GFI US 892,539 43,153,326 3.92
    Kinross Gold Corp KGC US 1,184,868 40,116,365 3.64
    Zijin Mining Group Co Ltd 2899 HK 5,953,189 32,352,749 2.94
    Northern Star Resources Ltd NST AU 1,371,060 27,284,094 2.48
    Pan American Silver Corp PAAS US 419,670 25,839,810 2.35
    Royal Gold Inc RGLD US 84,413 23,549,218 2.14
    Coeur Mining Inc CDE US 1,025,702 23,057,957 2.09
    Evolution Mining Ltd EVN AU 2,008,670 22,939,011 2.08
    Alamos Gold Inc AGI US 417,689 17,382,125 1.58
    Endeavour Mining Plc EDV LN 216,471 15,014,651 1.36
    Hecla Mining Co HL US 663,707 14,594,854 1.33
    Iamgold Corp IAG US 574,630 12,279,764 1.12
    Harmony Gold Mining Co Ltd HMY US 553,420 11,962,171 1.09
    First Majestic Silver Corp AG US 486,628 11,507,857 1.05
    Eldorado Gold Corp EGO US 257,369 10,814,322 0.98
    Equinox Gold Corp EQX US 751,065 10,234,411 0.93
    Dundee Precious Metals Inc DPM CN 213,020 10,207,033 0.93
    Fresnillo Plc FRES LN 183,526 9,058,655 0.82
    Ssr Mining Inc SSRM US 204,195 8,211,966 0.75
    Triple Flag Precious Metals Corp TFPM US 202,330 8,049,437 0.73
    Lundin Gold Inc LUG CN 98,986 7,739,159 0.70
    Oceanagold Corp OGC CN 222,052 7,726,312 0.70
    Or Royalties Inc OR US 186,426 7,723,170 0.70
    Cia De Minas Buenaventura Saa BVN US 169,573 7,291,516 0.66
    Zijin Gold International Co Ltd 2259 HK 400,281 7,179,937 0.65
    G Mining Ventures Corp GMIN CN 172,156 6,804,547 0.62
    B2gold Corp BTG US 1,247,940 6,802,037 0.62
    Perseus Mining Ltd PRU AU 1,330,844 6,441,285 0.59
    Genesis Minerals Ltd GMD AU 1,062,060 6,244,913 0.57
    Greatland Resources Ltd GGP AU 511,325 5,527,423 0.50
    Zhaojin Mining Industry Co Ltd 1818 HK 1,643,793 5,482,719 0.50
    Ramelius Resources Ltd RMS AU 1,845,875 5,445,331 0.49
    Capricorn Metals Ltd CMM AU 410,166 5,278,836 0.48
    K92 Mining Inc KNT CN 237,558 5,163,428 0.47
    Torex Gold Resources Inc TXG CN 92,890 5,047,513 0.46
    Vault Minerals Ltd VAU AU 1,011,270 4,965,336 0.45
    Regis Resources Ltd RRL AU 735,090 4,748,681 0.43
    Centerra Gold Inc CGAU US 197,500 4,519,574 0.41
    Montage Gold Corp MAU CN 279,258 4,392,915 0.40
    Westgold Resources Ltd WGX AU 936,211 4,372,105 0.40
    Discovery Silver Corp DSV CN 518,432 4,286,412 0.39
    Orla Mining Ltd ORLA US 306,627 4,169,420 0.38
    Aris Mining Corp ARMN US 201,315 4,119,192 0.37
    Wesdome Gold Mines Ltd/Canada WDO CN 147,541 3,916,832 0.36
    Aya Gold & Silver Inc AYA CN 137,462 3,792,204 0.34
    Skeena Resources Ltd SKE US 98,798 3,711,158 0.34
    Fortuna Silver Mines Inc FSM US 298,792 3,606,184 0.33
    Pan African Resources Plc PAN SJ 1,998,320 3,582,319 0.33
    Seabridge Gold Inc SA US 94,079 3,384,673 0.31
    Endeavour Silver Corp EXK US 294,698 3,331,553 0.30
    Allied Gold Corp AAUC US 97,846 3,168,884 0.29
    Shandong Gold Mining Co Ltd 1787 HK 950,600 3,119,922 0.28
    Perpetua Resources Corp PPTA US 115,838 3,116,852 0.28
    Silvercorp Metals Inc SVM US 210,376 2,796,924 0.25
    Novagold Resources Inc NG US 329,612 2,775,680 0.25
    Emerald Resources Nl EMR AU 517,237 2,720,667 0.25
    Hochschild Mining Plc HOC LN 315,672 2,720,477 0.25
    Aura Minerals Inc AUGO US 35,016 2,701,811 0.25
    West African Resources Ltd WAF AU 947,949 2,692,175 0.24
    Predictive Discovery Ltd PDI AU 3,877,357 2,617,216 0.24
    Wanguo Gold Group Ltd 3939 HK 1,422,952 2,484,320 0.23
    Abrasilver Resource Corp ABRA CN 142,943 2,143,665 0.19
    Lingbao Gold Co Ltd 3330 HK 709,179 1,985,736 0.18
    Bellevue Gold Ltd BGL AU 1,439,337 1,849,548 0.17
    Snowline Gold Corp SGD CN 131,165 1,757,092 0.16
    Mineros Sa MSA CN 269,253 1,712,878 0.16
    Resolute Mining Ltd RSG AU 1,842,242 1,685,651 0.15
    Southern Cross Gold Consolidated Ltd SX2 AU 192,064 1,684,401 0.15
    Americas Gold & Silver Corp USAS US 270,880 1,578,018 0.14
    G2 Goldfields Inc GTWO CN 170,064 1,544,797 0.14
    Ora Banda Mining Ltd OBM AU 1,330,162 1,483,131 0.13
    I-80 Gold Corp IAUX US 763,807 1,475,849 0.13
    Vizsla Silver Corp VZLA US 333,325 1,451,538 0.13
    Hycroft Mining Holding Corp HYMC US 49,081 1,445,890 0.13
    Catalyst Metals Ltd CYL AU 242,644 1,400,056 0.13
    Drdgold Ltd DRD US 43,014 1,294,452 0.12
    Alkane Resources Ltd ALK AU 934,464 1,294,233 0.12
    Mcewen Mining Inc MUX US 50,981 1,284,265 0.12
    Gogold Resources Inc GGD CN 410,284 1,275,750 0.12
    Rio2 Ltd RIO CN 399,016 1,061,725 0.10
    Kingsgate Consolidated Ltd KCN AU 239,961 1,043,830 0.09
    Orezone Gold Corp ORE CN 432,907 1,006,261 0.09
    Sunshine Silver Mining & Refining Co SSMR US 50,007 948,943 0.09
    Collective Mining Ltd CNL CN 48,983 872,907 0.08
    Tongguan Gold Group Ltd 340 HK 2,391,042 818,184 0.07
    Highlander Silver Corp HSLV CN 125,042 804,390 0.07
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 154,227 787,646 0.07
    Santacruz Silver Mining Ltd SCZM US 85,333 781,348 0.07
    International Tower Hill Mines Ltd THM US 259,922 779,579 0.07
    Elemental Royalty Corp ELE US 34,699 768,532 0.07
    Osisko Development Corp ODV US 219,730 744,579 0.07
    Pantoro Gold Ltd PNR AU 355,080 720,812 0.07
    Dakota Gold Corp DC US 113,665 711,328 0.06
    Gold Royalty Corp GROY US 190,670 703,843 0.06
    Metalla Royalty & Streaming Ltd MTA US 68,393 691,326 0.06
    Galiano Gold Inc GAU US 255,128 662,192 0.06
    New Pacific Metals Corp NEWP US 97,825 557,186 0.05
    New Found Gold Corp NFGC US 244,102 503,339 0.05
    Andean Precious Metals Corp APM CN 55,446 334,071 0.03
    Other/Cash --   224,093 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.

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