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
      $153.99

      as at 04-Mar-26
    • Total Net Assets
      $1.80B
    • 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 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 05-Mar-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 1,090,401 184,051,405 10.21
    Agnico Eagle Mines Ltd AEM US 501,868 165,157,985 9.17
    Barrick Mining Corp B US 1,682,605 111,277,471 6.18
    Wheaton Precious Metals Corp WPM US 453,546 98,732,182 5.48
    Anglogold Ashanti Plc AU US 520,978 83,347,631 4.63
    Franco-Nevada Corp FNV US 211,422 78,317,612 4.35
    Gold Fields Ltd GFI US 1,017,643 73,502,827 4.08
    Kinross Gold Corp KGC US 1,517,241 72,879,909 4.04
    Zijin Mining Group Co Ltd 2899 HK 7,530,621 57,128,732 3.17
    Northern Star Resources Ltd NST AU 1,739,209 52,054,525 2.89
    Pan American Silver Corp PAAS US 531,751 46,505,650 2.58
    Royal Gold Inc RGLD US 106,173 42,216,975 2.34
    Evolution Mining Ltd EVN AU 2,531,893 40,687,521 2.26
    Alamos Gold Inc AGI US 529,298 38,889,029 2.16
    Coeur Mining Inc CDE US 797,822 26,804,650 1.49
    Hecla Mining Co HL US 834,441 25,675,105 1.43
    First Majestic Silver Corp AG US 613,029 24,834,953 1.38
    Endeavour Mining Plc EDV LN 259,204 23,749,103 1.32
    Iamgold Corp IAG US 719,387 23,213,249 1.29
    Equinox Gold Corp EQX US 947,907 22,987,278 1.28
    Harmony Gold Mining Co Ltd HMY US 705,820 20,230,444 1.12
    Zijin Gold International Co Ltd 2259 HK 506,352 19,948,295 1.11
    Fresnillo Plc FRES LN 232,456 16,922,711 0.94
    New Gold Inc NGD US 952,665 15,868,768 0.88
    Dundee Precious Metals Inc DPM CN 270,590 15,719,991 0.87
    Oceanagold Corp OGC CN 287,205 15,668,431 0.87
    Lundin Gold Inc LUG CN 125,031 15,595,224 0.87
    Eldorado Gold Corp EGO US 252,638 14,875,347 0.83
    Or Royalties Inc OR US 236,917 14,747,010 0.82
    Triple Flag Precious Metals Corp TFPM US 252,451 14,018,311 0.78
    Zhaojin Mining Industry Co Ltd 1818 HK 2,074,092 12,485,522 0.69
    B2gold Corp BTG US 1,609,764 12,451,086 0.69
    G Mining Ventures Corp GMIN CN 223,337 12,304,344 0.68
    Ssr Mining Inc SSRM US 254,472 11,967,955 0.66
    Cia De Minas Buenaventura Saa BVN US 205,696 11,442,421 0.64
    Orla Mining Ltd ORLA US 381,079 10,750,177 0.60
    Ramelius Resources Ltd RMS AU 2,359,600 10,688,988 0.59
    Genesis Minerals Ltd GMD AU 1,343,495 10,170,257 0.56
    Perseus Mining Ltd PRU AU 1,695,917 9,955,033 0.55
    Torex Gold Resources Inc TXG CN 120,736 9,722,623 0.54
    K92 Mining Inc KNT CN 298,802 9,174,397 0.51
    Shandong Gold Mining Co Ltd 1787 HK 1,202,499 8,822,223 0.49
    Westgold Resources Ltd WGX AU 1,152,627 8,540,966 0.47
    Regis Resources Ltd RRL AU 924,191 8,521,041 0.47
    Greatland Resources Ltd GGP AU 636,897 8,438,885 0.47
    Pan African Resources Plc PAN SJ 2,519,016 7,910,369 0.44
    Capricorn Metals Ltd CMM AU 510,369 7,497,321 0.42
    Aris Mining Corp ARMN US 247,258 7,363,197 0.41
    Vault Minerals Ltd VAU AU 1,286,255 7,190,165 0.40
    Novagold Resources Inc NG US 384,846 6,905,678 0.38
    Centerra Gold Inc CGAU US 250,750 6,864,422 0.38
    Perpetua Resources Corp PPTA US 141,284 6,832,455 0.38
    Fortuna Silver Mines Inc FSM US 384,127 6,724,394 0.37
    Discovery Silver Corp DSV CN 646,728 6,641,348 0.37
    Endeavour Silver Corp EXK US 370,346 6,504,096 0.36
    Skeena Resources Ltd SKE US 124,812 6,154,120 0.34
    Seabridge Gold Inc SA US 114,981 5,675,886 0.32
    Hochschild Mining Plc HOC LN 399,074 5,652,857 0.31
    Aura Minerals Inc AUGO US 44,425 5,414,296 0.30
    Allied Gold Corp AAUC US 115,948 5,156,341 0.29
    Wesdome Gold Mines Ltd/Canada WDO CN 189,956 5,006,501 0.28
    Montage Gold Corp MAU CN 301,295 4,893,705 0.27
    Silvercorp Metals Inc SVM US 267,009 4,791,210 0.27
    Wanguo Gold Group Ltd 3939 HK 1,532,507 4,582,165 0.25
    Aya Gold & Silver Inc AYA CN 164,632 4,436,202 0.25
    Emerald Resources Nl EMR AU 653,954 4,348,794 0.24
    Hycroft Mining Holding Corp HYMC US 63,919 4,308,115 0.24
    West African Resources Ltd WAF AU 1,247,613 4,067,218 0.23
    Resolute Mining Ltd RSG AU 2,354,408 3,590,472 0.20
    Americas Gold & Silver Corp USAS US 265,245 3,559,353 0.20
    Southern Cross Gold Consolidated Ltd SX2 AU 284,746 3,217,630 0.18
    Bellevue Gold Ltd BGL AU 1,809,693 3,148,866 0.17
    Snowline Gold Corp SGD CN 164,197 2,966,085 0.16
    Abrasilver Resource Corp ABRA CN 179,558 2,871,813 0.16
    Drdgold Ltd DRD US 54,411 2,613,605 0.15
    Vizsla Silver Corp VZLA US 415,770 2,445,706 0.14
    Predictive Discovery Ltd PDI AU 2,470,942 2,409,168 0.13
    Catalyst Metals Ltd CYL AU 296,082 2,401,225 0.13
    I-80 Gold Corp IAUX US 919,253 2,365,724 0.13
    Lingbao Gold Co Ltd 3330 HK 526,954 2,289,502 0.13
    Ora Banda Mining Ltd OBM AU 1,668,998 2,261,492 0.13
    Mcewen Mining Inc MUX US 57,850 2,112,932 0.12
    Pantoro Gold Ltd PNR AU 364,492 2,011,996 0.11
    Kingsgate Consolidated Ltd KCN AU 281,151 1,962,434 0.11
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 248,180 1,824,382 0.10
    Mineros Sa MSA CN 262,654 1,764,622 0.10
    Alkane Resources Ltd ALK AU 1,003,857 1,656,364 0.09
    Collective Mining Ltd CNL CN 61,140 1,641,793 0.09
    Tongguan Gold Group Ltd 340 HK 2,220,603 1,458,052 0.08
    Osisko Development Corp ODV US 225,709 1,423,447 0.08
    New Found Gold Corp NFGC US 255,138 938,007 0.05
    Andean Precious Metals Corp APM CN 54,202 534,726 0.03
    Other/Cash --   2,353,838 0.13
    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.

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