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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
      $120.79

      as at 20-Aug-26
    • Total Net Assets
      $1.60B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      104
    • 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 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 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 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, is intending to use the product as a 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 core, 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 21-Aug-26 Download all holdings

    No. of holdings: 104
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,115,996 199,965,885 12.52
    Agnico Eagle Mines Ltd AEM US 523,821 155,921,921 9.76
    Barrick Mining Corp B US 1,743,431 113,242,837 7.09
    Wheaton Precious Metals Corp WPM US 474,611 100,105,688 6.27
    Anglogold Ashanti Plc AU US 527,336 85,235,423 5.34
    Franco-Nevada Corp FNV US 200,504 72,658,231 4.55
    Gold Fields Ltd GFI US 981,642 62,631,598 3.92
    Kinross Gold Corp KGC US 1,303,154 57,497,187 3.60
    Zijin Mining Group Co Ltd 2899 HK 6,547,500 43,079,409 2.70
    Northern Star Resources Ltd NST AU 1,507,934 36,099,940 2.26
    Pan American Silver Corp PAAS US 461,566 33,641,470 2.11
    Coeur Mining Inc CDE US 1,128,099 33,430,427 2.09
    Evolution Mining Ltd EVN AU 2,209,196 33,292,584 2.08
    Royal Gold Inc RGLD US 92,840 32,889,868 2.06
    Alamos Gold Inc AGI US 459,387 23,660,989 1.48
    Hecla Mining Co HL US 729,965 21,334,833 1.34
    Equinox Gold Corp EQX US 1,163,282 21,033,297 1.32
    Endeavour Mining Plc EDV LN 238,082 20,484,952 1.28
    Harmony Gold Mining Co Ltd HMY US 608,668 18,815,002 1.18
    Iamgold Corp IAG US 631,996 18,187,570 1.14
    Eldorado Gold Corp EGO US 283,062 16,947,556 1.06
    Dundee Precious Metals Inc DPM CN 234,286 16,116,429 1.01
    First Majestic Silver Corp AG US 535,209 15,920,652 1.00
    Fresnillo Plc FRES LN 201,847 12,237,411 0.77
    Zijin Gold International Co Ltd 2259 HK 440,242 11,685,609 0.73
    Ssr Mining Inc SSRM US 224,580 11,611,258 0.73
    G Mining Ventures Corp GMIN CN 228,996 11,502,386 0.72
    Lundin Gold Inc LUG CN 108,868 10,984,504 0.69
    Oceanagold Corp OGC CN 244,220 10,543,090 0.66
    Triple Flag Precious Metals Corp TFPM US 222,529 10,399,367 0.65
    B2gold Corp BTG US 1,372,523 10,365,933 0.65
    Or Royalties Inc OR US 205,037 10,157,583 0.64
    Genesis Minerals Ltd GMD AU 1,168,086 9,356,369 0.59
    Perseus Mining Ltd PRU AU 1,463,703 8,972,499 0.56
    Cia De Minas Buenaventura Saa BVN US 186,502 8,943,507 0.56
    Zhaojin Mining Industry Co Ltd 1818 HK 1,807,894 8,173,819 0.51
    Ramelius Resources Ltd RMS AU 2,030,150 7,958,188 0.50
    Capricorn Metals Ltd CMM AU 451,114 7,935,095 0.50
    K92 Mining Inc KNT CN 261,273 7,931,157 0.50
    Greatland Resources Ltd GGP AU 562,371 7,457,039 0.47
    Torex Gold Resources Inc TXG CN 102,164 7,241,159 0.45
    Vault Minerals Ltd VAU AU 1,112,226 7,218,347 0.45
    Centerra Gold Inc CGAU US 217,217 7,162,808 0.45
    Discovery Silver Corp DSV CN 573,613 7,040,958 0.44
    Regis Resources Ltd RRL AU 808,474 6,653,741 0.42
    Montage Gold Corp MAU CN 307,137 6,426,260 0.40
    Westgold Resources Ltd WGX AU 1,029,674 6,414,869 0.40
    Aris Mining Corp ARIS US 221,412 6,275,437 0.39
    Aya Gold & Silver Inc AYA CN 151,185 5,712,041 0.36
    Wesdome Gold Mines Ltd/Canada WDO CN 162,271 5,651,526 0.35
    Fortuna Silver Mines Inc FSM US 328,620 5,489,685 0.34
    Pan African Resources Plc PAN SJ 2,197,814 5,359,115 0.34
    Skeena Resources Ltd SKE US 108,661 5,312,925 0.33
    Endeavour Silver Corp EXK US 324,118 4,991,330 0.31
    Seabridge Gold Inc SA US 103,471 4,832,567 0.30
    Shandong Gold Mining Co Ltd 1787 HK 1,045,499 4,730,635 0.30
    Aura Minerals Inc AUGO US 38,511 4,686,626 0.29
    Perpetua Resources Corp PPTA US 127,403 4,480,163 0.28
    Novagold Resources Inc NG US 362,517 4,407,098 0.28
    Silvercorp Metals Inc SVM US 231,378 4,105,590 0.26
    Emerald Resources Nl EMR AU 568,873 3,976,422 0.25
    Hochschild Mining Plc HOC LN 347,186 3,973,246 0.25
    Predictive Discovery Ltd PDI AU 4,264,436 3,923,281 0.25
    West African Resources Ltd WAF AU 1,042,583 3,909,686 0.24
    Wanguo Gold Group Ltd 3939 HK 1,565,007 3,817,956 0.24
    Allied Gold Corp AAUC US 107,614 3,462,501 0.22
    Lingbao Gold Co Ltd 3330 HK 779,976 3,261,165 0.20
    Snowline Gold Corp SGD CN 144,260 2,673,033 0.17
    Southern Cross Gold Consolidated Ltd SX2 AU 211,238 2,646,812 0.17
    Bellevue Gold Ltd BGL AU 1,583,027 2,580,334 0.16
    Resolute Mining Ltd RSG AU 2,026,154 2,563,085 0.16
    Abrasilver Resource Corp ABRA CN 157,214 2,525,507 0.16
    Mineros Sa MSA CN 296,132 2,428,326 0.15
    Ora Banda Mining Ltd OBM AU 1,462,953 2,318,781 0.15
    Americas Gold & Silver Corp USAS US 297,922 2,195,677 0.14
    I-80 Gold Corp IAUX US 840,058 2,075,527 0.13
    Vizsla Silver Corp VZLA US 366,601 1,991,641 0.12
    Hycroft Mining Holding Corp HYMC US 53,980 1,980,820 0.12
    Drdgold Ltd DRD US 47,308 1,959,793 0.12
    Gogold Resources Inc GGD CN 451,243 1,907,587 0.12
    Alkane Resources Ltd ALK AU 1,027,753 1,819,123 0.11
    Catalyst Metals Ltd CYL AU 266,868 1,766,666 0.11
    Mcewen Mining Inc MUX US 56,070 1,595,478 0.10
    Rio2 Ltd RIO CN 438,850 1,533,331 0.10
    Tongguan Gold Group Ltd 340 HK 2,629,742 1,426,181 0.09
    Kingsgate Consolidated Ltd KCN AU 263,916 1,385,559 0.09
    Sunshine Silver Mining & Refining Co SSMR US 54,999 1,347,276 0.08
    Orezone Gold Corp ORE CN 476,125 1,343,465 0.08
    Santacruz Silver Mining Ltd SCZM US 93,852 1,285,878 0.08
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 169,624 1,238,700 0.08
    Metalla Royalty & Streaming Ltd MTA US 75,221 1,182,670 0.07
    Elemental Royalty Corp ELE US 38,163 1,174,328 0.07
    Collective Mining Ltd CNL CN 53,873 1,148,593 0.07
    International Tower Hill Mines Ltd THM US 285,870 1,115,629 0.07
    Dakota Gold Corp DC US 125,012 1,082,788 0.07
    New Pacific Metals Corp NEWP US 107,591 1,034,601 0.06
    Highlander Silver Corp HSLV CN 137,525 1,024,059 0.06
    Pantoro Gold Ltd PNR AU 390,528 1,011,468 0.06
    Gold Royalty Corp GROY US 209,705 997,964 0.06
    Osisko Gold Group Inc OGG US 241,666 994,007 0.06
    Galiano Gold Inc GAU US 280,597 894,160 0.06
    New Found Gold Corp NFGC US 268,471 659,541 0.04
    Andean Precious Metals Corp APM CN 60,981 457,813 0.03
    G3 Goldfields Inc 2521181D CN 88,425 122,951 0.01
    Other/Cash --   494,130 0.03
    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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