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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
      $102.91

      as at 06-Aug-26
    • Total Net Assets
      $1.30B
    • 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 07-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 1,070,401 160,267,530 12.28
    Agnico Eagle Mines Ltd AEM US 502,419 119,812,826 9.18
    Barrick Mining Corp B US 1,672,202 98,244,691 7.53
    Wheaton Precious Metals Corp WPM US 455,220 81,004,144 6.21
    Franco-Nevada Corp FNV US 192,312 63,110,784 4.84
    Anglogold Ashanti Plc AU US 505,791 62,915,906 4.82
    Gold Fields Ltd GFI US 941,536 49,928,219 3.83
    Kinross Gold Corp KGC US 1,249,912 45,477,166 3.49
    Zijin Mining Group Co Ltd 2899 HK 6,279,993 40,130,864 3.08
    Northern Star Resources Ltd NST AU 1,446,324 32,093,930 2.46
    Pan American Silver Corp PAAS US 442,709 30,209,711 2.32
    Royal Gold Inc RGLD US 89,046 27,581,941 2.11
    Evolution Mining Ltd EVN AU 2,118,936 27,546,168 2.11
    Coeur Mining Inc CDE US 1,082,009 24,048,060 1.84
    Alamos Gold Inc AGI US 440,618 19,460,655 1.49
    Equinox Gold Corp EQX US 1,115,755 17,017,978 1.30
    Endeavour Mining Plc EDV LN 228,354 16,978,212 1.30
    Hecla Mining Co HL US 700,141 15,769,703 1.21
    Harmony Gold Mining Co Ltd HMY US 583,800 14,964,980 1.15
    Eldorado Gold Corp EGO US 271,496 13,853,372 1.06
    Iamgold Corp IAG US 606,175 13,799,596 1.06
    Dundee Precious Metals Inc DPM CN 224,714 13,198,470 1.01
    First Majestic Silver Corp AG US 513,342 12,597,529 0.97
    G Mining Ventures Corp GMIN CN 219,640 10,540,133 0.81
    Fresnillo Plc FRES LN 193,600 10,136,683 0.78
    Zijin Gold International Co Ltd 2259 HK 422,255 10,044,188 0.77
    Triple Flag Precious Metals Corp TFPM US 213,437 9,732,958 0.75
    Lundin Gold Inc LUG CN 104,420 9,169,447 0.70
    Or Royalties Inc OR US 196,661 8,979,126 0.69
    Ssr Mining Inc SSRM US 215,404 8,800,928 0.67
    Oceanagold Corp OGC CN 234,242 8,723,660 0.67
    Cia De Minas Buenaventura Saa BVN US 178,883 8,271,577 0.63
    B2gold Corp BTG US 1,316,446 7,646,473 0.59
    Genesis Minerals Ltd GMD AU 1,120,363 7,528,839 0.58
    Perseus Mining Ltd PRU AU 1,403,901 7,370,480 0.56
    Zhaojin Mining Industry Co Ltd 1818 HK 1,734,030 7,332,872 0.56
    K92 Mining Inc KNT CN 250,599 6,794,665 0.52
    Ramelius Resources Ltd RMS AU 1,947,205 6,776,273 0.52
    Capricorn Metals Ltd CMM AU 432,683 6,377,747 0.49
    Greatland Resources Ltd GGP AU 539,394 6,219,213 0.48
    Torex Gold Resources Inc TXG CN 97,990 5,936,028 0.45
    Vault Minerals Ltd VAU AU 1,066,784 5,909,983 0.45
    Centerra Gold Inc CGAU US 208,342 5,861,329 0.45
    Discovery Silver Corp DSV CN 550,177 5,856,599 0.45
    Regis Resources Ltd RRL AU 775,443 5,466,873 0.42
    Westgold Resources Ltd WGX AU 987,605 5,372,571 0.41
    Montage Gold Corp MAU CN 294,588 5,322,924 0.41
    Aya Gold & Silver Inc AYA CN 145,008 5,183,033 0.40
    Wesdome Gold Mines Ltd/Canada WDO CN 155,641 5,044,456 0.39
    Aris Mining Corp ARMN US 212,366 4,741,026 0.36
    Skeena Resources Ltd SKE US 104,220 4,567,534 0.35
    Fortuna Silver Mines Inc FSM US 315,194 4,279,280 0.33
    Pan African Resources Plc PAN SJ 2,108,020 4,140,445 0.32
    Seabridge Gold Inc SA US 99,244 4,088,715 0.31
    Shandong Gold Mining Co Ltd 1787 HK 1,002,783 4,026,365 0.31
    Perpetua Resources Corp PPTA US 122,197 3,961,880 0.30
    Endeavour Silver Corp EXK US 310,876 3,898,367 0.30
    Aura Minerals Inc AUGO US 36,938 3,442,791 0.26
    Novagold Resources Inc NG US 347,706 3,407,188 0.26
    Silvercorp Metals Inc SVM US 221,924 3,400,639 0.26
    West African Resources Ltd WAF AU 999,987 3,319,957 0.25
    Emerald Resources Nl EMR AU 545,631 3,268,330 0.25
    Wanguo Gold Group Ltd 3939 HK 1,501,067 3,263,531 0.25
    Lingbao Gold Co Ltd 3330 HK 748,110 3,060,684 0.23
    Hochschild Mining Plc HOC LN 333,001 3,056,637 0.23
    Allied Gold Corp AAUC US 103,217 3,029,888 0.23
    Predictive Discovery Ltd PDI AU 4,090,207 2,965,400 0.23
    Abrasilver Resource Corp ABRA CN 150,791 2,374,905 0.18
    Bellevue Gold Ltd BGL AU 1,518,351 2,209,201 0.17
    Mineros Sa MSA CN 284,034 2,197,880 0.17
    Southern Cross Gold Consolidated Ltd SX2 AU 202,607 2,175,999 0.17
    Snowline Gold Corp SGD CN 138,365 2,092,312 0.16
    Resolute Mining Ltd RSG AU 1,943,372 1,982,239 0.15
    Americas Gold & Silver Corp USAS US 285,750 1,895,125 0.15
    Ora Banda Mining Ltd OBM AU 1,403,182 1,845,184 0.14
    Vizsla Silver Corp VZLA US 351,623 1,762,734 0.14
    Hycroft Mining Holding Corp HYMC US 51,774 1,749,941 0.13
    I-80 Gold Corp IAUX US 805,736 1,739,287 0.13
    Catalyst Metals Ltd CYL AU 255,965 1,612,580 0.12
    Gogold Resources Inc GGD CN 432,807 1,547,424 0.12
    Drdgold Ltd DRD US 45,376 1,448,630 0.11
    Alkane Resources Ltd ALK AU 985,763 1,444,143 0.11
    Mcewen Mining Inc MUX US 53,779 1,394,596 0.11
    Rio2 Ltd RIO CN 420,920 1,385,553 0.11
    Orezone Gold Corp ORE CN 456,672 1,193,341 0.09
    Tongguan Gold Group Ltd 340 HK 2,522,300 1,184,892 0.09
    Sunshine Silver Mining & Refining Co SSMR US 52,752 1,155,952 0.09
    Kingsgate Consolidated Ltd KCN AU 253,134 1,093,539 0.08
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 162,693 1,090,310 0.08
    Santacruz Silver Mining Ltd SCZM US 90,017 1,018,867 0.08
    Collective Mining Ltd CNL CN 51,672 977,102 0.07
    Dakota Gold Corp DC US 119,905 939,964 0.07
    Elemental Royalty Corp ELE US 36,604 926,861 0.07
    Highlander Silver Corp HSLV CN 131,906 913,821 0.07
    Pantoro Gold Ltd PNR AU 374,573 910,212 0.07
    Osisko Gold Group Inc OGG US 231,793 869,039 0.07
    New Pacific Metals Corp NEWP US 103,195 866,126 0.07
    Metalla Royalty & Streaming Ltd MTA US 72,148 860,673 0.07
    International Tower Hill Mines Ltd THM US 274,191 821,619 0.06
    Gold Royalty Corp GROY US 201,137 819,801 0.06
    Galiano Gold Inc GAU US 269,133 745,309 0.06
    New Found Gold Corp NFGC US 257,502 577,793 0.04
    Andean Precious Metals Corp APM CN 58,491 400,476 0.03
    G3 Goldfields Inc 2521181D CN 88,426 122,251 0.01
    Other/Cash --   264,774 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 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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