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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
      $123.41

      as at 26-Mar-26
    • Total Net Assets
      $1.41B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      107
    • 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.

    Performance

    Holdings & allocations

    All holdings (%) as at 26-Mar-26 Download all holdings

    No. of holdings: 107
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,195,915 171,912,750 12.19
    Agnico Eagle Mines Ltd AEM US 549,727 149,170,685 10.57
    Barrick Mining Corp B US 1,826,229 99,026,404 7.02
    Wheaton Precious Metals Corp WPM US 498,975 85,869,597 6.09
    Franco-Nevada Corp FNV US 210,665 69,453,605 4.92
    Anglogold Ashanti Plc AU US 554,594 68,786,654 4.88
    Gold Fields Ltd GFI US 990,540 58,039,443 4.11
    Kinross Gold Corp KGC US 1,313,974 53,018,993 3.76
    Zijin Mining Group Co Ltd 2899 HK 6,568,880 41,146,744 2.92
    Pan American Silver Corp PAAS US 463,529 33,296,022 2.36
    Royal Gold Inc RGLD US 93,067 31,061,375 2.20
    Northern Star Resources Ltd NST AU 1,517,093 28,460,665 2.02
    Evolution Mining Ltd EVN AU 2,214,082 27,985,996 1.98
    Alamos Gold Inc AGI US 460,788 26,872,629 1.91
    Coeur Mining Inc CDE US 1,111,333 25,998,628 1.84
    Endeavour Mining Plc EDV LN 239,700 19,363,240 1.37
    Hecla Mining Co HL US 727,704 18,097,844 1.28
    Iamgold Corp IAG US 646,740 15,822,297 1.12
    First Majestic Silver Corp AG US 536,291 14,990,076 1.06
    Equinox Gold Corp EQX US 832,410 14,487,689 1.03
    Harmony Gold Mining Co Ltd HMY US 700,816 14,133,931 1.00
    Zijin Gold International Co Ltd 2259 HK 441,685 13,759,837 0.98
    Cia De Minas Buenaventura Saa BVN US 279,158 13,109,761 0.93
    Fresnillo Plc FRES LN 202,769 12,369,144 0.88
    Lundin Gold Inc LUG CN 110,900 10,973,984 0.78
    Dundee Precious Metals Inc DPM CN 236,074 10,871,454 0.77
    Eldorado Gold Corp EGO US 217,270 10,385,705 0.74
    Oceanagold Corp OGC CN 246,546 10,230,949 0.73
    Or Royalties Inc OR US 205,729 10,155,486 0.72
    Triple Flag Precious Metals Corp TFPM US 220,340 10,079,788 0.71
    Zhaojin Mining Industry Co Ltd 1818 HK 1,809,208 9,880,974 0.70
    B2gold Corp BTG US 1,384,546 8,192,697 0.58
    G Mining Ventures Corp GMIN CN 194,263 8,174,981 0.58
    Ssr Mining Inc SSRM US 222,158 7,925,948 0.56
    Perseus Mining Ltd PRU AU 1,479,440 7,426,789 0.53
    Ramelius Resources Ltd RMS AU 2,066,522 7,356,818 0.52
    Genesis Minerals Ltd GMD AU 1,171,916 6,855,709 0.49
    Orla Mining Ltd ORLA US 332,965 6,652,555 0.47
    Torex Gold Resources Inc TXG CN 104,348 6,099,036 0.43
    Shandong Gold Mining Co Ltd 1787 HK 1,048,927 5,864,457 0.42
    K92 Mining Inc KNT CN 260,310 5,793,936 0.41
    Westgold Resources Ltd WGX AU 1,032,918 5,722,366 0.41
    Greatland Resources Ltd GGP AU 561,076 5,672,478 0.40
    Pan African Resources Plc PAN SJ 2,196,658 5,652,117 0.40
    Aris Mining Corp ARMN US 220,927 5,277,060 0.37
    Centerra Gold Inc CGAU US 218,835 5,157,439 0.37
    Regis Resources Ltd RRL AU 806,162 5,119,129 0.36
    Allied Gold Corp AAUC US 107,828 4,832,915 0.34
    Capricorn Metals Ltd CMM AU 451,963 4,772,729 0.34
    Discovery Silver Corp DSV CN 574,134 4,617,463 0.33
    Perpetua Resources Corp PPTA US 124,394 4,544,196 0.32
    Vault Minerals Ltd VAU AU 1,123,531 4,482,889 0.32
    Fortuna Silver Mines Inc FSM US 333,318 4,412,412 0.31
    Skeena Resources Ltd SKE US 109,653 4,197,653 0.30
    Novagold Resources Inc NG US 370,028 4,138,189 0.29
    Endeavour Silver Corp EXK US 324,727 4,021,503 0.29
    Wesdome Gold Mines Ltd/Canada WDO CN 165,136 3,784,232 0.27
    Hochschild Mining Plc HOC LN 347,736 3,761,522 0.27
    Montage Gold Corp MAU CN 263,896 3,721,054 0.26
    Aura Minerals Inc AUGO US 38,751 3,715,319 0.26
    Seabridge Gold Inc SA US 100,206 3,646,094 0.26
    Silvercorp Metals Inc SVM US 232,479 3,259,145 0.23
    West African Resources Ltd WAF AU 1,038,358 3,146,225 0.22
    Wanguo Gold Group Ltd 3939 HK 1,336,788 2,978,176 0.21
    Emerald Resources Nl EMR AU 570,545 2,864,136 0.20
    Aya Gold & Silver Inc AYA CN 151,320 2,759,561 0.20
    Resolute Mining Ltd RSG AU 2,062,223 2,608,712 0.18
    Hycroft Mining Holding Corp HYMC US 54,582 2,462,191 0.17
    Lingbao Gold Co Ltd 3330 HK 537,461 2,386,826 0.17
    Bellevue Gold Ltd BGL AU 1,578,576 2,217,899 0.16
    Snowline Gold Corp SGD CN 142,336 1,931,182 0.14
    Drdgold Ltd DRD US 47,463 1,858,143 0.13
    Southern Cross Gold Consolidated Ltd SX2 AU 208,459 1,826,101 0.13
    Americas Gold & Silver Corp USAS US 236,330 1,815,556 0.13
    Abrasilver Resource Corp ABRA CN 156,638 1,722,760 0.12
    Ora Banda Mining Ltd OBM AU 1,463,173 1,653,385 0.12
    Robex Resources Inc RXR AU 277,573 1,609,923 0.11
    Vizsla Silver Corp VZLA US 362,775 1,606,035 0.11
    Catalyst Metals Ltd CYL AU 267,481 1,604,886 0.11
    Predictive Discovery Ltd PDI AU 2,163,696 1,601,135 0.11
    I-80 Gold Corp IAUX US 804,077 1,547,197 0.11
    Mcewen Mining Inc MUX US 55,964 1,498,688 0.11
    Alkane Resources Ltd ALK AU 1,001,576 1,437,262 0.10
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 220,886 1,433,429 0.10
    Mineros Sa MSA CN 294,547 1,378,263 0.10
    Rupert Resources Ltd RUP CN 218,690 1,343,092 0.10
    Pantoro Gold Ltd PNR AU 395,810 1,282,424 0.09
    Highlander Silver Corp HSLV CN 161,490 1,173,963 0.08
    Kingsgate Consolidated Ltd KCN AU 266,036 1,146,615 0.08
    Dateline Resources Ltd DTR AU 2,222,636 1,133,544 0.08
    Collective Mining Ltd CNL CN 53,969 1,117,242 0.08
    Tongguan Gold Group Ltd 340 HK 2,064,670 1,114,639 0.08
    Rio2 Ltd RIO CN 439,407 1,083,124 0.08
    Orezone Gold Corp ORE CN 477,052 1,006,506 0.07
    Gogold Resources Inc GGD CN 398,210 994,053 0.07
    Santacruz Silver Mining Ltd SCZM US 93,391 986,334 0.07
    Elemental Royalty Corp ELE US 38,093 916,502 0.07
    G2 Goldfields Inc GTWO CN 180,764 887,379 0.06
    Galiano Gold Inc GAU US 275,768 881,723 0.06
    Gold Royalty Corp GROY US 187,417 862,248 0.06
    International Tower Hill Mines Ltd THM US 286,192 852,945 0.06
    Osisko Development Corp ODV US 201,475 833,649 0.06
    Dakota Gold Corp DC US 115,836 747,437 0.05
    Metalla Royalty & Streaming Ltd MTA US 77,613 735,482 0.05
    New Pacific Metals Corp NEWP US 119,917 638,447 0.05
    New Found Gold Corp NFGC US 251,166 610,473 0.04
    Andean Precious Metals Corp APM CN 71,608 449,506 0.03
    Other/Cash --   228,400 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 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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