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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
      $142.57

      as at 08-Apr-26
    • Total Net Assets
      $1.65B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      107
    • 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 08-Apr-26 Download all holdings

    No. of holdings: 107
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,208,469 202,281,862 12.28
    Agnico Eagle Mines Ltd AEM US 555,498 169,667,561 10.30
    Barrick Mining Corp B US 1,845,400 111,139,727 6.75
    Wheaton Precious Metals Corp WPM US 504,213 100,106,864 6.08
    Anglogold Ashanti Plc AU US 560,416 85,287,106 5.18
    Franco-Nevada Corp FNV US 212,877 79,972,530 4.86
    Gold Fields Ltd GFI US 1,000,938 69,017,024 4.19
    Kinross Gold Corp KGC US 1,327,768 62,245,315 3.78
    Zijin Mining Group Co Ltd 2899 HK 6,637,841 44,648,483 2.71
    Pan American Silver Corp PAAS US 468,395 38,070,169 2.31
    Northern Star Resources Ltd NST AU 1,533,019 36,685,145 2.23
    Royal Gold Inc RGLD US 94,044 35,729,669 2.17
    Evolution Mining Ltd EVN AU 2,237,326 31,523,923 1.91
    Alamos Gold Inc AGI US 465,625 31,413,287 1.91
    Coeur Mining Inc CDE US 1,122,999 31,374,296 1.91
    Endeavour Mining Plc EDV LN 242,216 21,814,747 1.32
    Hecla Mining Co HL US 735,344 20,356,486 1.24
    Iamgold Corp IAG US 653,530 18,211,998 1.11
    Equinox Gold Corp EQX US 841,148 18,208,890 1.11
    Harmony Gold Mining Co Ltd HMY US 708,173 16,624,538 1.01
    First Majestic Silver Corp AG US 541,921 16,053,795 0.97
    Zijin Gold International Co Ltd 2259 HK 446,322 15,349,735 0.93
    Cia De Minas Buenaventura Saa BVN US 282,089 15,214,467 0.92
    Fresnillo Plc FRES LN 204,898 14,143,855 0.86
    Dundee Precious Metals Inc DPM CN 238,552 12,984,820 0.79
    Lundin Gold Inc LUG CN 112,064 12,923,465 0.78
    Or Royalties Inc OR US 207,888 11,848,603 0.72
    Oceanagold Corp OGC CN 249,135 11,719,776 0.71
    Zhaojin Mining Industry Co Ltd 1818 HK 1,828,201 11,503,341 0.70
    Triple Flag Precious Metals Corp TFPM US 222,653 11,317,974 0.69
    Ssr Mining Inc SSRM US 224,490 11,156,919 0.68
    Eldorado Gold Corp EGO US 219,551 11,082,531 0.67
    G Mining Ventures Corp GMIN CN 196,302 10,269,165 0.62
    B2gold Corp BTG US 1,399,081 9,692,581 0.59
    Greatland Resources Ltd GGP AU 566,967 8,634,907 0.52
    Ramelius Resources Ltd RMS AU 2,088,216 8,561,686 0.52
    Perseus Mining Ltd PRU AU 1,494,971 8,461,536 0.51
    Orla Mining Ltd ORLA US 336,460 8,451,424 0.51
    Genesis Minerals Ltd GMD AU 1,184,219 7,839,530 0.48
    Torex Gold Resources Inc TXG CN 105,443 7,159,749 0.43
    Westgold Resources Ltd WGX AU 1,043,761 7,087,137 0.43
    Shandong Gold Mining Co Ltd 1787 HK 1,059,939 6,926,265 0.42
    K92 Mining Inc KNT CN 263,042 6,768,539 0.41
    Pan African Resources Plc PAN SJ 2,219,719 6,637,685 0.40
    Aris Mining Corp ARMN US 223,246 6,521,688 0.40
    Regis Resources Ltd RRL AU 814,625 6,003,786 0.36
    Centerra Gold Inc CGAU US 221,133 5,949,305 0.36
    Discovery Silver Corp DSV CN 580,161 5,641,267 0.34
    Capricorn Metals Ltd CMM AU 456,708 5,594,673 0.34
    Perpetua Resources Corp PPTA US 125,700 5,305,099 0.32
    Aura Minerals Inc AUGO US 39,158 5,244,183 0.32
    Vault Minerals Ltd VAU AU 1,135,326 5,154,380 0.31
    Fortuna Silver Mines Inc FSM US 336,817 5,039,015 0.31
    Novagold Resources Inc NG US 373,913 4,905,342 0.30
    Skeena Resources Ltd SKE US 110,804 4,896,193 0.30
    Allied Gold Corp AAUC US 108,960 4,881,088 0.30
    Wesdome Gold Mines Ltd/Canada WDO CN 166,870 4,790,884 0.29
    Seabridge Gold Inc SA US 101,258 4,561,883 0.28
    Endeavour Silver Corp EXK US 328,136 4,551,183 0.28
    Montage Gold Corp MAU CN 266,667 4,399,860 0.27
    Hochschild Mining Plc HOC LN 351,386 4,328,274 0.26
    Silvercorp Metals Inc SVM US 234,919 3,737,538 0.23
    Emerald Resources Nl EMR AU 576,535 3,603,344 0.22
    Wanguo Gold Group Ltd 3939 HK 1,350,822 3,594,854 0.22
    Aya Gold & Silver Inc AYA CN 152,908 3,548,022 0.22
    West African Resources Ltd WAF AU 1,049,258 3,546,492 0.22
    Resolute Mining Ltd RSG AU 2,083,872 3,136,227 0.19
    Bellevue Gold Ltd BGL AU 1,595,148 2,966,975 0.18
    Lingbao Gold Co Ltd 3330 HK 543,104 2,929,956 0.18
    Hycroft Mining Holding Corp HYMC US 55,155 2,891,175 0.18
    Robex Resources Inc RXR AU 280,487 2,114,872 0.13
    Abrasilver Resource Corp ABRA CN 158,283 2,114,216 0.13
    Drdgold Ltd DRD US 47,961 2,109,102 0.13
    Predictive Discovery Ltd PDI AU 2,186,411 2,088,023 0.13
    Southern Cross Gold Consolidated Ltd SX2 AU 210,648 2,058,031 0.13
    Snowline Gold Corp SGD CN 143,830 1,965,329 0.12
    Ora Banda Mining Ltd OBM AU 1,478,534 1,959,058 0.12
    I-80 Gold Corp IAUX US 812,518 1,956,904 0.12
    Americas Gold & Silver Corp USAS US 238,811 1,898,038 0.12
    Catalyst Metals Ltd CYL AU 270,289 1,881,211 0.11
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 223,205 1,830,056 0.11
    Alkane Resources Ltd ALK AU 1,012,091 1,740,797 0.11
    Mcewen Mining Inc MUX US 56,552 1,731,372 0.11
    Vizsla Silver Corp VZLA US 366,584 1,713,859 0.10
    Mineros Sa MSA CN 297,639 1,611,573 0.10
    Pantoro Gold Ltd PNR AU 399,966 1,563,867 0.10
    Rupert Resources Ltd RUP CN 220,985 1,454,381 0.09
    Collective Mining Ltd CNL CN 54,536 1,441,266 0.09
    Highlander Silver Corp HSLV CN 163,185 1,434,756 0.09
    Kingsgate Consolidated Ltd KCN AU 268,829 1,397,911 0.08
    Tongguan Gold Group Ltd 340 HK 2,086,345 1,283,322 0.08
    Rio2 Ltd RIO CN 444,020 1,272,521 0.08
    Orezone Gold Corp ORE CN 482,060 1,189,112 0.07
    G2 Goldfields Inc GTWO CN 182,662 1,127,379 0.07
    Gogold Resources Inc GGD CN 402,391 1,107,912 0.07
    Elemental Royalty Corp ELE US 38,492 1,061,755 0.06
    Santacruz Silver Mining Ltd SCZM US 94,372 1,061,577 0.06
    Dateline Resources Ltd DTR AU 2,245,969 1,033,146 0.06
    Galiano Gold Inc GAU US 278,663 1,022,508 0.06
    International Tower Hill Mines Ltd THM US 289,196 1,007,895 0.06
    Gold Royalty Corp GROY US 189,385 976,640 0.06
    Osisko Development Corp ODV US 203,590 954,711 0.06
    Dakota Gold Corp DC US 117,052 895,489 0.05
    New Pacific Metals Corp NEWP US 121,176 762,232 0.05
    Metalla Royalty & Streaming Ltd MTA US 78,428 747,780 0.05
    New Found Gold Corp NFGC US 253,802 719,139 0.04
    Andean Precious Metals Corp APM CN 72,360 533,996 0.03
    Other/Cash --   129,742 0.01
    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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