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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
      $142.83

      as at 12-Feb-26
    • Total Net Assets
      $1.66B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      92
    • 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, 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 or major, core, minor or satellite allocation within a portfolio, has no minimum investment timeframe, and has a low risk/return profile.

    Performance

    Holdings & allocations

    All holdings (%) as at 12-Feb-26 Download all holdings

    No. of holdings: 92
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,084,806 179,640,144 10.80
    Agnico Eagle Mines Ltd AEM US 499,293 143,642,143 8.64
    Barrick Mining Corp B US 1,673,970 106,497,654 6.41
    Wheaton Precious Metals Corp WPM US 451,220 88,036,313 5.29
    Anglogold Ashanti Plc AU US 518,305 76,099,952 4.58
    Gold Fields Ltd GFI US 1,012,421 74,019,021 4.45
    Franco-Nevada Corp FNV US 210,338 70,600,218 4.25
    Kinross Gold Corp KGC US 1,509,456 68,478,912 4.12
    Zijin Mining Group Co Ltd 2899 HK 7,491,980 60,496,292 3.64
    Northern Star Resources Ltd NST AU 1,730,284 50,853,047 3.06
    Pan American Silver Corp PAAS US 529,023 40,487,012 2.44
    Royal Gold Inc RGLD US 105,627 40,390,898 2.43
    Evolution Mining Ltd EVN AU 2,518,900 40,377,967 2.43
    Alamos Gold Inc AGI US 526,582 31,146,081 1.87
    Hecla Mining Co HL US 830,160 24,312,416 1.46
    Coeur Mining Inc CDE US 793,728 23,301,091 1.40
    Endeavour Mining Plc EDV LN 257,874 21,848,560 1.31
    Iamgold Corp IAG US 715,696 20,227,723 1.22
    Zijin Gold International Co Ltd 2259 HK 503,754 20,058,486 1.21
    Equinox Gold Corp EQX US 943,042 19,910,579 1.20
    Harmony Gold Mining Co Ltd HMY US 702,198 19,403,233 1.17
    First Majestic Silver Corp AG US 609,883 18,459,802 1.11
    Fresnillo Plc FRES LN 231,264 16,681,027 1.00
    Eldorado Gold Corp EGO US 251,341 15,909,223 0.96
    Oceanagold Corp OGC CN 285,732 14,599,133 0.88
    New Gold Inc NGD US 947,777 13,725,696 0.83
    Dundee Precious Metals Inc DPM CN 269,202 13,371,556 0.80
    Or Royalties Inc OR US 235,701 13,329,848 0.80
    Lundin Gold Inc LUG CN 124,391 13,004,888 0.78
    Triple Flag Precious Metals Corp TFPM US 251,155 12,182,763 0.73
    Zhaojin Mining Industry Co Ltd 1818 HK 2,063,449 12,006,080 0.72
    B2gold Corp BTG US 1,601,503 11,270,920 0.68
    Ramelius Resources Ltd RMS AU 2,347,491 11,009,733 0.66
    Cia De Minas Buenaventura Saa BVN US 204,640 10,769,925 0.65
    G Mining Ventures Corp GMIN CN 222,191 10,177,466 0.61
    Perseus Mining Ltd PRU AU 1,687,214 9,870,202 0.59
    Genesis Minerals Ltd GMD AU 1,336,601 9,623,527 0.58
    Ssr Mining Inc SSRM US 253,166 9,203,135 0.55
    Shandong Gold Mining Co Ltd 1787 HK 1,196,329 8,776,080 0.53
    Orla Mining Ltd ORLA US 379,123 8,557,243 0.51
    Westgold Resources Ltd WGX AU 1,146,712 8,416,866 0.51
    Greatland Resources Ltd GGP AU 633,629 8,281,531 0.50
    K92 Mining Inc KNT CN 297,270 8,173,555 0.49
    Regis Resources Ltd RRL AU 919,449 7,704,983 0.46
    Vault Minerals Ltd VAU AU 1,279,654 7,447,586 0.45
    Torex Gold Resources Inc TXG CN 120,116 7,385,423 0.44
    Capricorn Metals Ltd CMM AU 507,751 7,138,979 0.43
    Pan African Resources Plc PAN SJ 2,506,089 6,905,415 0.42
    Discovery Silver Corp DSV CN 643,408 6,580,138 0.40
    Aris Mining Corp ARMN US 245,990 6,390,293 0.38
    Centerra Gold Inc CGAU US 249,464 6,232,230 0.37
    Endeavour Silver Corp EXK US 368,446 5,681,911 0.34
    Fortuna Silver Mines Inc FSM US 382,155 5,566,510 0.33
    Novagold Resources Inc NG US 382,870 5,458,838 0.33
    Perpetua Resources Corp PPTA US 140,559 5,432,795 0.33
    Skeena Resources Ltd SKE US 124,170 5,356,388 0.32
    Hochschild Mining Plc HOC LN 397,026 5,130,109 0.31
    Seabridge Gold Inc SA US 114,391 5,083,689 0.31
    Allied Gold Corp AAUC US 115,352 5,060,094 0.30
    Wanguo Gold Group Ltd 3939 HK 1,524,642 4,588,666 0.28
    West African Resources Ltd WAF AU 1,241,212 4,505,600 0.27
    Emerald Resources Nl EMR AU 650,598 4,456,596 0.27
    Montage Gold Corp MAU CN 299,749 4,357,263 0.26
    Wesdome Gold Mines Ltd/Canada WDO CN 188,981 4,327,166 0.26
    Aura Minerals Inc AUGO US 44,197 4,270,994 0.26
    Silvercorp Metals Inc SVM US 265,639 3,791,120 0.23
    Aya Gold & Silver Inc AYA CN 163,786 3,689,479 0.22
    Resolute Mining Ltd RSG AU 2,342,327 3,384,663 0.20
    Bellevue Gold Ltd BGL AU 1,800,408 3,339,757 0.20
    Southern Cross Gold Consolidated Ltd SX2 AU 283,286 3,232,293 0.19
    Hycroft Mining Holding Corp HYMC US 63,591 2,950,880 0.18
    Snowline Gold Corp SGD CN 163,355 2,886,557 0.17
    Americas Gold & Silver Corp USAS US 263,883 2,656,218 0.16
    Drdgold Ltd DRD US 54,133 2,551,454 0.15
    I-80 Gold Corp IAUX US 914,535 2,487,310 0.15
    Abrasilver Resource Corp ABRA CN 178,636 2,456,754 0.15
    Lingbao Gold Co Ltd 3330 HK 524,251 2,326,299 0.14
    Catalyst Metals Ltd CYL AU 294,564 2,265,197 0.14
    Predictive Discovery Ltd PDI AU 2,458,263 2,249,311 0.14
    Ora Banda Mining Ltd OBM AU 1,660,435 2,125,357 0.13
    Vizsla Silver Corp VZLA US 413,638 2,105,014 0.13
    Mcewen Mining Inc MUX US 57,554 1,999,423 0.12
    Mineros Sa MSA CN 261,306 1,864,199 0.11
    Pantoro Gold Ltd PNR AU 362,621 1,747,833 0.11
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 246,906 1,650,065 0.10
    Alkane Resources Ltd ALK AU 998,707 1,582,951 0.10
    Kingsgate Consolidated Ltd KCN AU 279,709 1,557,979 0.09
    Collective Mining Ltd CNL CN 60,826 1,402,161 0.08
    Tongguan Gold Group Ltd 340 HK 2,209,209 1,267,983 0.08
    Osisko Development Corp ODV US 224,551 1,183,670 0.07
    New Found Gold Corp NFGC US 253,830 957,245 0.06
    Andean Precious Metals Corp APM CN 53,924 479,210 0.03
    Other/Cash --   231,402 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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