au en false false Default
GDXAU VanEck Gold Miners ETF Please read important disclosure Close important disclosure false

    • GDX
    VanEck Gold Miners ETF

    GDX
    VanEck Gold Miners ETF

    • NAV
      $108.44

      as at 10-Jun-26
    • Total Net Assets
      $1.25B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      108
    • 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-Jun-26 Download all holdings

    No. of holdings: 108
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,204,005 168,514,566 12.92
    Agnico Eagle Mines Ltd AEM US 553,446 125,719,252 9.64
    Barrick Mining Corp B US 1,838,583 102,237,826 7.84
    Wheaton Precious Metals Corp WPM US 502,351 80,327,660 6.16
    Anglogold Ashanti Plc AU US 558,346 66,957,125 5.13
    Franco-Nevada Corp FNV US 212,090 63,911,689 4.90
    Gold Fields Ltd GFI US 997,241 50,269,287 3.85
    Kinross Gold Corp KGC US 1,322,863 47,480,656 3.64
    Zijin Mining Group Co Ltd 2899 HK 6,613,319 36,723,720 2.81
    Pan American Silver Corp PAAS US 466,665 30,576,325 2.34
    Northern Star Resources Ltd NST AU 1,527,356 29,355,782 2.25
    Royal Gold Inc RGLD US 93,697 27,254,049 2.09
    Coeur Mining Inc CDE US 1,118,851 25,569,657 1.96
    Evolution Mining Ltd EVN AU 2,229,061 25,188,389 1.93
    Alamos Gold Inc AGI US 463,905 23,061,826 1.77
    Endeavour Mining Plc EDV LN 241,321 17,494,753 1.34
    Hecla Mining Co HL US 732,627 15,098,956 1.16
    Harmony Gold Mining Co Ltd HMY US 705,557 15,052,153 1.15
    Iamgold Corp IAG US 651,116 14,279,147 1.09
    First Majestic Silver Corp AG US 539,919 12,684,131 0.97
    Equinox Gold Corp EQX US 838,041 12,450,694 0.95
    Cia De Minas Buenaventura Saa BVN US 281,047 12,370,781 0.95
    Fresnillo Plc FRES LN 204,141 11,140,306 0.85
    Dundee Precious Metals Inc DPM CN 237,671 10,578,549 0.81
    Or Royalties Inc OR US 207,120 9,719,830 0.74
    Eldorado Gold Corp EGO US 218,740 9,087,631 0.70
    Oceanagold Corp OGC CN 248,214 8,828,643 0.68
    Triple Flag Precious Metals Corp TFPM US 221,830 8,771,747 0.67
    Zijin Gold International Co Ltd 2259 HK 444,673 8,743,976 0.67
    Lundin Gold Inc LUG CN 111,650 8,674,658 0.66
    Ssr Mining Inc SSRM US 223,661 8,170,673 0.63
    B2gold Corp BTG US 1,393,912 7,958,991 0.61
    Perseus Mining Ltd PRU AU 1,489,448 7,149,350 0.55
    Greatland Resources Ltd GGP AU 564,872 7,032,656 0.54
    G Mining Ventures Corp GMIN CN 195,577 6,743,321 0.52
    Zhaojin Mining Industry Co Ltd 1818 HK 1,821,447 6,331,456 0.49
    Genesis Minerals Ltd GMD AU 1,179,844 6,146,987 0.47
    Ramelius Resources Ltd RMS AU 2,080,502 6,095,871 0.47
    Torex Gold Resources Inc TXG CN 105,054 5,897,523 0.45
    K92 Mining Inc KNT CN 262,071 5,876,319 0.45
    Capricorn Metals Ltd CMM AU 455,021 5,560,357 0.43
    Orla Mining Ltd ORLA US 335,217 4,985,048 0.38
    Westgold Resources Ltd WGX AU 1,039,905 4,856,356 0.37
    Centerra Gold Inc CGAU US 220,316 4,819,071 0.37
    Aris Mining Corp ARMN US 222,421 4,764,022 0.37
    Regis Resources Ltd RRL AU 811,616 4,674,908 0.36
    Vault Minerals Ltd VAU AU 1,131,132 4,535,839 0.35
    Pan African Resources Plc PAN SJ 2,211,519 4,532,005 0.35
    Discovery Silver Corp DSV CN 578,018 4,426,172 0.34
    Wesdome Gold Mines Ltd/Canada WDO CN 166,253 4,278,030 0.33
    Shandong Gold Mining Co Ltd 1787 HK 1,056,023 4,218,163 0.32
    Fortuna Silver Mines Inc FSM US 335,573 4,094,273 0.31
    Skeena Resources Ltd SKE US 110,395 4,079,935 0.31
    Perpetua Resources Corp PPTA US 125,236 4,030,748 0.31
    Seabridge Gold Inc SA US 100,884 3,983,490 0.31
    Allied Gold Corp AAUC US 108,557 3,930,287 0.30
    Montage Gold Corp MAU CN 265,682 3,801,085 0.29
    Novagold Resources Inc NG US 372,531 3,799,124 0.29
    Endeavour Silver Corp EXK US 326,924 3,635,843 0.28
    Aya Gold & Silver Inc AYA CN 152,343 3,605,186 0.28
    Hochschild Mining Plc HOC LN 350,088 3,413,963 0.26
    Predictive Discovery Ltd PDI AU 4,375,379 3,412,796 0.26
    Silvercorp Metals Inc SVM US 234,051 3,347,623 0.26
    Aura Minerals Inc AUGO US 39,013 3,161,270 0.24
    West African Resources Ltd WAF AU 1,045,382 3,136,146 0.24
    Emerald Resources Nl EMR AU 574,405 3,067,323 0.24
    Abrasilver Resource Corp ABRA CN 157,698 2,264,198 0.17
    Wanguo Gold Group Ltd 3939 HK 1,345,832 2,243,970 0.17
    Resolute Mining Ltd RSG AU 2,076,174 2,231,887 0.17
    Bellevue Gold Ltd BGL AU 1,589,255 2,121,655 0.16
    Rupert Resources Ltd RUP CN 220,169 2,055,865 0.16
    Southern Cross Gold Consolidated Ltd SX2 AU 209,869 2,050,420 0.16
    Hycroft Mining Holding Corp HYMC US 54,951 1,939,539 0.15
    Snowline Gold Corp SGD CN 143,299 1,826,908 0.14
    Ora Banda Mining Ltd OBM AU 1,473,072 1,782,417 0.14
    Vizsla Silver Corp VZLA US 365,229 1,727,452 0.13
    Mineros Sa MSA CN 296,539 1,669,845 0.13
    I-80 Gold Corp IAUX US 809,517 1,609,721 0.12
    Americas Gold & Silver Corp USAS US 237,929 1,595,093 0.12
    Drdgold Ltd DRD US 47,784 1,575,946 0.12
    G2 Goldfields Inc GTWO CN 181,987 1,506,607 0.12
    Alkane Resources Ltd ALK AU 1,008,352 1,431,860 0.11
    Mcewen Mining Inc MUX US 56,343 1,423,680 0.11
    Lingbao Gold Co Ltd 3330 HK 541,097 1,356,237 0.10
    Catalyst Metals Ltd CYL AU 269,291 1,316,833 0.10
    Kingsgate Consolidated Ltd KCN AU 267,836 1,312,396 0.10
    Gogold Resources Inc GGD CN 400,904 1,285,938 0.10
    Rio2 Ltd RIO CN 442,380 1,184,733 0.09
    Orezone Gold Corp ORE CN 480,280 1,119,951 0.09
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 222,381 1,090,596 0.08
    Collective Mining Ltd CNL CN 54,334 1,061,734 0.08
    Pantoro Gold Ltd PNR AU 398,488 1,024,114 0.08
    Highlander Silver Corp HSLV CN 162,582 1,001,606 0.08
    International Tower Hill Mines Ltd THM US 288,128 843,042 0.06
    Santacruz Silver Mining Ltd SCZM US 94,023 814,630 0.06
    Dakota Gold Corp DC US 116,619 809,981 0.06
    Galiano Gold Inc GAU US 277,633 808,391 0.06
    Elemental Royalty Corp ELE US 38,350 807,254 0.06
    Gold Royalty Corp GROY US 188,685 761,119 0.06
    Metalla Royalty & Streaming Ltd MTA US 78,139 746,929 0.06
    Tongguan Gold Group Ltd 340 HK 2,078,638 708,231 0.05
    New Pacific Metals Corp NEWP US 120,728 708,198 0.05
    Osisko Development Corp ODV US 202,838 702,968 0.05
    New Found Gold Corp NFGC US 252,865 556,695 0.04
    Lunr Royalties Corp 2584272D CN 23,446 482,269 0.04
    Andean Precious Metals Corp APM CN 72,093 397,889 0.03
    Dateline Resources Ltd DTR AU 2,237,671 324,462 0.02
    Valor Gold Corp VLGDF US 51,556 188,195 0.01
    Other/Cash --   632,125 0.05
    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.

    GDXAU /blog/gold/
    Exchange Traded Funds (ETFs)
    Information about
    Education
    Connect with us