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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
      $93.91

      as at 09-Jul-26
    • Total Net Assets
      $1.13B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      106
    • 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 10-Jul-26 Download all holdings

    No. of holdings: 106
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,012,165 138,305,662 12.28
    Agnico Eagle Mines Ltd AEM US 475,085 102,042,131 9.06
    Barrick Mining Corp B US 1,581,225 83,932,448 7.45
    Wheaton Precious Metals Corp WPM US 430,454 68,645,594 6.10
    Anglogold Ashanti Plc AU US 478,273 56,460,834 5.01
    Franco-Nevada Corp FNV US 181,849 54,537,676 4.84
    Gold Fields Ltd GFI US 890,311 43,678,306 3.88
    Kinross Gold Corp KGC US 1,181,910 41,222,495 3.66
    Zijin Mining Group Co Ltd 2899 HK 5,938,329 32,128,583 2.85
    Northern Star Resources Ltd NST AU 1,367,638 27,530,553 2.44
    Pan American Silver Corp PAAS US 418,623 26,619,083 2.36
    Royal Gold Inc RGLD US 84,202 24,122,904 2.14
    Coeur Mining Inc CDE US 1,023,142 23,622,884 2.10
    Evolution Mining Ltd EVN AU 2,003,656 22,541,130 2.00
    Alamos Gold Inc AGI US 416,646 17,942,473 1.59
    Endeavour Mining Plc EDV LN 215,931 15,457,375 1.37
    Hecla Mining Co HL US 662,050 15,066,328 1.34
    Iamgold Corp IAG US 573,195 12,779,893 1.13
    First Majestic Silver Corp AG US 485,413 12,005,028 1.07
    Harmony Gold Mining Co Ltd HMY US 552,038 11,950,151 1.06
    Eldorado Gold Corp EGO US 256,726 11,322,069 1.01
    Dundee Precious Metals Inc DPM CN 212,489 10,812,890 0.96
    Equinox Gold Corp EQX US 749,190 10,516,844 0.93
    Fresnillo Plc FRES LN 183,068 9,334,889 0.83
    Ssr Mining Inc SSRM US 203,685 8,557,208 0.76
    Triple Flag Precious Metals Corp TFPM US 201,825 8,292,905 0.74
    Lundin Gold Inc LUG CN 98,739 8,098,063 0.72
    Or Royalties Inc OR US 185,961 7,973,396 0.71
    Oceanagold Corp OGC CN 221,498 7,937,683 0.70
    G Mining Ventures Corp GMIN CN 171,726 7,470,761 0.66
    Zijin Gold International Co Ltd 2259 HK 399,282 7,320,817 0.65
    Cia De Minas Buenaventura Saa BVN US 169,150 7,203,839 0.64
    B2gold Corp BTG US 1,244,825 6,925,165 0.62
    Perseus Mining Ltd PRU AU 1,327,522 6,425,206 0.57
    Genesis Minerals Ltd GMD AU 1,059,409 5,784,373 0.51
    Greatland Resources Ltd GGP AU 510,049 5,549,333 0.49
    Ramelius Resources Ltd RMS AU 1,841,267 5,468,563 0.49
    Zhaojin Mining Industry Co Ltd 1818 HK 1,639,690 5,439,800 0.48
    K92 Mining Inc KNT CN 236,965 5,409,892 0.48
    Capricorn Metals Ltd CMM AU 409,143 5,376,139 0.48
    Torex Gold Resources Inc TXG CN 92,659 5,100,511 0.45
    Montage Gold Corp MAU CN 278,561 4,787,349 0.43
    Vault Minerals Ltd VAU AU 1,008,746 4,761,281 0.42
    Discovery Silver Corp DSV CN 520,245 4,676,794 0.42
    Regis Resources Ltd RRL AU 733,255 4,641,504 0.41
    Centerra Gold Inc CGAU US 197,007 4,602,557 0.41
    Westgold Resources Ltd WGX AU 933,874 4,351,853 0.39
    Orla Mining Ltd ORLA US 305,861 4,297,968 0.38
    Aris Mining Corp ARMN US 200,812 4,268,902 0.38
    Wesdome Gold Mines Ltd/Canada WDO CN 147,173 4,030,441 0.36
    Aya Gold & Silver Inc AYA CN 137,119 3,923,826 0.35
    Skeena Resources Ltd SKE US 98,551 3,900,283 0.35
    Pan African Resources Plc PAN SJ 1,993,332 3,719,058 0.33
    Fortuna Silver Mines Inc FSM US 298,046 3,681,278 0.33
    Seabridge Gold Inc SA US 93,844 3,538,170 0.31
    Endeavour Silver Corp EXK US 293,962 3,491,025 0.31
    Perpetua Resources Corp PPTA US 115,549 3,297,356 0.29
    Allied Gold Corp AAUC US 97,602 3,257,855 0.29
    Aura Minerals Inc AUGO US 34,928 3,190,009 0.28
    Shandong Gold Mining Co Ltd 1787 HK 948,227 3,152,793 0.28
    Silvercorp Metals Inc SVM US 209,851 2,900,442 0.26
    Novagold Resources Inc NG US 328,789 2,890,558 0.26
    Hochschild Mining Plc HOC LN 314,884 2,811,384 0.25
    Emerald Resources Nl EMR AU 515,946 2,739,673 0.24
    Predictive Discovery Ltd PDI AU 3,867,679 2,649,360 0.24
    West African Resources Ltd WAF AU 945,583 2,581,442 0.23
    Wanguo Gold Group Ltd 3939 HK 1,419,400 2,344,044 0.21
    Abrasilver Resource Corp ABRA CN 142,587 1,999,550 0.18
    Snowline Gold Corp SGD CN 130,838 1,872,044 0.17
    Lingbao Gold Co Ltd 3330 HK 707,408 1,872,041 0.17
    Bellevue Gold Ltd BGL AU 1,435,744 1,837,752 0.16
    Mineros Sa MSA CN 268,580 1,756,195 0.16
    Americas Gold & Silver Corp USAS US 270,203 1,736,839 0.15
    Southern Cross Gold Consolidated Ltd SX2 AU 191,585 1,707,022 0.15
    G2 Goldfields Inc GTWO CN 169,639 1,671,620 0.15
    Resolute Mining Ltd RSG AU 1,837,643 1,653,879 0.15
    I-80 Gold Corp IAUX US 761,900 1,581,230 0.14
    Hycroft Mining Holding Corp HYMC US 48,958 1,538,207 0.14
    Vizsla Silver Corp VZLA US 332,493 1,514,273 0.13
    Ora Banda Mining Ltd OBM AU 1,326,842 1,413,087 0.13
    Catalyst Metals Ltd CYL AU 242,039 1,340,896 0.12
    Mcewen Mining Inc MUX US 50,854 1,322,930 0.12
    Drdgold Ltd DRD US 42,906 1,318,996 0.12
    Gogold Resources Inc GGD CN 409,260 1,294,338 0.11
    Alkane Resources Ltd ALK AU 932,132 1,272,360 0.11
    Kingsgate Consolidated Ltd KCN AU 239,362 1,144,150 0.10
    Rio2 Ltd RIO CN 398,020 1,092,840 0.10
    Orezone Gold Corp ORE CN 431,827 1,040,749 0.09
    Sunshine Silver Mining & Refining Co SSMR US 49,882 927,402 0.08
    Collective Mining Ltd CNL CN 48,861 898,854 0.08
    Highlander Silver Corp HSLV CN 124,729 867,584 0.08
    International Tower Hill Mines Ltd THM US 259,273 818,344 0.07
    Santacruz Silver Mining Ltd SCZM US 85,120 818,261 0.07
    Tongguan Gold Group Ltd 340 HK 2,385,074 811,443 0.07
    Elemental Royalty Corp ELE US 34,613 795,174 0.07
    Osisko Development Corp ODV US 219,182 783,414 0.07
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 153,842 779,154 0.07
    Dakota Gold Corp DC US 113,381 735,338 0.07
    Gold Royalty Corp GROY US 190,194 718,179 0.06
    Pantoro Gold Ltd PNR AU 354,193 703,073 0.06
    Galiano Gold Inc GAU US 254,491 696,884 0.06
    Metalla Royalty & Streaming Ltd MTA US 68,222 689,250 0.06
    New Pacific Metals Corp NEWP US 97,581 570,986 0.05
    New Found Gold Corp NFGC US 243,492 533,412 0.05
    Andean Precious Metals Corp APM CN 55,308 326,215 0.03
    Other -- 791 7,111 0.00
    Other/Cash --   264,468 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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