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VanEck Gold Miners ETF GDX

Fund description: 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.

Index description: The NYSE Arca Gold Miners Index (AUD) is a modified market capitalisation-weighted index and provides exposure to publicly traded companies worldwide involved primarily in gold mining, representing a diversified blend of small-, mid- and large-capitalisation stocks.

Management style: Replication

Country of domicile: Australia

  as at 25-May-22

  • Exchange

    ASX

  • ASX code

    GDX

  • Bloomberg index code

    GDMAUDNR

  • Index provider

    ICE Data Indices, LLC

  • NAV1

    $46.11

  • Units outstanding1

    10,457,907

  • Net assets1

    $482.2M

  • Number of holdings

    56

  • ASX commencement2

    26-Jun-15

1As of the close of the previous trading day.

2From 26-Jun-15 to 7-Oct-19 the fund was offered via a Chess Depositary Interest.

as at 25-May-22

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 1pm next business day.

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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

Trading information

  • ASX code

    GDX

  • IRESS code

    GDX.AXW

  • Units outstanding

    10,457,907

  • ISIN

    AU000000GDX6

Fees and other costs  

  • Management costs p.a.

    0.53%

Key risks

An investment in the ETF carries risks associated with: ASX trading time differences,  financial markets generally, individual company management, industry sectors, foreign currency, country or sector concentration, political, regulatory and tax risks, fund operations and tracking an index. See the PDS for details.

Prices as at  25-May-22

NAV/
Last trade		 Volume:
30-day avg/
Previous day		 Daily change: NAV/
Last trade		 YTD change:
NAV/
Last trade		 Premium/
Discount		 Premium/
Discount
Distribution charts		 NAV &
Premium /Discount
History		 NAV
Chart
GDX $46.11
$46.14		 44,792
22,242		 $-0.06 / -0.13%
$0.63 / +1.38%		 +4.76%
+7.02%
 $0.03
+0.08%

Performance history (%) View all ETFs » View all indices »

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return -3.23 15.30 17.04 11.37 18.54 10.62 -- 11.39
Income return 0.00 0.00 1.73 1.65 0.99 0.83 -- 0.79
Total return -3.23 15.30 18.77 13.02 19.53 11.45 -- 12.18
Index (GDMAUDNR) -2.98 15.78 19.36 13.55 20.19 12.01 2.29 12.67
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return 7.73 16.13 25.41 20.22 17.42 11.38 -- 12.08
Income return 0.00 0.00 1.85 1.78 0.98 0.84 -- 0.81
Total return 7.73 16.13 27.26 22.00 18.40 12.22 -- 12.89
Index (GDMAUDNR) 7.62 16.17 27.63 22.61 18.94 12.69 1.86 13.34

The tables above show past performance of the ETF from 26 June 2015. Index performance shown prior to its launch date is simulated based on the current Index methodology. Results are calculated to the last business day of the month and assume immediate reinvestment of distributions. ETF results are net of management fees and costs, but before brokerage fees or bid/ask spreads incurred when investors buy/sell on the ASX. Returns for periods longer than one year are annualised. Past performance is not a reliable indicator of current or future performance which may be lower or higher.

GDX invests directly in the underlying securities that comprise the index. GDX acted as a ‘feeder fund’ from 9th October 2019 – 11 May 2022 giving investors access to a fund domiciled in the United States. From 26 June 2015 – 8th October 2019, the fund operated as a CDI.

Top ten holdings (%) View all daily holdings » as at 30-Apr-22

No. of holdings: 56
Holding name
Ticker
 % of Net
assets(US$)
NEWMONT CORP
NEM US
 15.46
BARRICK GOLD CORP
GOLD US
 10.63
FRANCO-NEVADA CORP
FNV US
 7.74
AGNICO EAGLE MINES LTD
AEM US
 7.09
WHEATON PRECIOUS METALS CORP
WPM US
 5.41
NEWCREST MINING LTD
NCM AU
 4.74
GOLD FIELDS LTD
GFI US
 3.97
ROYAL GOLD INC
RGLD US
 3.10
ANGLOGOLD ASHANTI LTD
AU US
 3.10
ZIJIN MINING GROUP CO LTD
2899 HK
 3.03
Top ten total (%) 64.27

These are not recommendations to buy or to sell any security.

Country weightings (%) as at 30-Apr-22

  • Country

    Weightings (%)

  • Canada

    49.1

  • United States

    21.6

  • Australia

    13.5

  • South Africa

    8.2

  • China

    3.9

  • United Kingdom

    2.7

  • Peru

    0.9

  • Other/Cash

    0.0

  • Total

    99.9

Sector weightings (%) as at 30-Apr-22

  • Sector

    Weightings (%)

  • Materials

    100.0

  • Other/Cash

    0.0

  • Total

    100.0