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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
      $110.93

      as at 12-Aug-26
    • Total Net Assets
      $1.45B
    • 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 12-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 1,103,331 183,872,880 12.68
    Agnico Eagle Mines Ltd AEM US 517,876 135,624,762 9.35
    Barrick Mining Corp B US 1,723,645 100,503,291 6.93
    Wheaton Precious Metals Corp WPM US 469,225 89,505,109 6.17
    Anglogold Ashanti Plc AU US 521,351 72,197,264 4.98
    Franco-Nevada Corp FNV US 198,228 66,143,276 4.56
    Gold Fields Ltd GFI US 970,501 55,902,280 3.86
    Kinross Gold Corp KGC US 1,288,365 50,069,675 3.45
    Zijin Mining Group Co Ltd 2899 HK 6,473,193 41,904,367 2.89
    Northern Star Resources Ltd NST AU 1,490,821 34,229,250 2.36
    Pan American Silver Corp PAAS US 456,327 33,803,431 2.33
    Evolution Mining Ltd EVN AU 2,184,124 30,228,276 2.08
    Royal Gold Inc RGLD US 91,786 30,227,979 2.08
    Coeur Mining Inc CDE US 1,115,296 29,652,896 2.05
    Alamos Gold Inc AGI US 454,174 21,536,491 1.49
    Endeavour Mining Plc EDV LN 235,379 19,281,843 1.33
    Equinox Gold Corp EQX US 1,150,081 18,753,264 1.29
    Hecla Mining Co HL US 721,681 18,473,236 1.27
    Harmony Gold Mining Co Ltd HMY US 601,761 16,901,389 1.17
    Iamgold Corp IAG US 624,823 15,967,403 1.10
    Eldorado Gold Corp EGO US 279,849 15,708,112 1.08
    Dundee Precious Metals Inc DPM CN 231,628 14,758,324 1.02
    First Majestic Silver Corp AG US 529,134 14,337,727 0.99
    Fresnillo Plc FRES LN 199,556 11,497,996 0.79
    G Mining Ventures Corp GMIN CN 226,397 11,456,300 0.79
    Zijin Gold International Co Ltd 2259 HK 435,245 10,636,479 0.73
    Ssr Mining Inc SSRM US 222,031 10,211,353 0.70
    Lundin Gold Inc LUG CN 107,632 10,063,195 0.69
    Triple Flag Precious Metals Corp TFPM US 220,003 10,034,077 0.69
    B2gold Corp BTG US 1,356,946 9,998,145 0.69
    Oceanagold Corp OGC CN 241,448 9,880,788 0.68
    Or Royalties Inc OR US 202,711 9,663,962 0.67
    Cia De Minas Buenaventura Saa BVN US 184,386 9,022,423 0.62
    Genesis Minerals Ltd GMD AU 1,154,829 8,661,218 0.60
    Perseus Mining Ltd PRU AU 1,447,092 8,118,186 0.56
    Zhaojin Mining Industry Co Ltd 1818 HK 1,787,377 7,692,277 0.53
    K92 Mining Inc KNT CN 258,308 7,676,847 0.53
    Ramelius Resources Ltd RMS AU 2,007,110 7,426,307 0.51
    Capricorn Metals Ltd CMM AU 445,994 7,220,643 0.50
    Greatland Resources Ltd GGP AU 555,988 6,916,491 0.48
    Vault Minerals Ltd VAU AU 1,099,603 6,707,578 0.46
    Centerra Gold Inc CGAU US 214,751 6,602,583 0.46
    Torex Gold Resources Inc TXG CN 101,004 6,391,420 0.44
    Discovery Silver Corp DSV CN 567,102 6,238,215 0.43
    Regis Resources Ltd RRL AU 799,299 5,986,750 0.41
    Westgold Resources Ltd WGX AU 1,017,988 5,955,230 0.41
    Aya Gold & Silver Inc AYA CN 149,469 5,934,546 0.41
    Montage Gold Corp MAU CN 303,651 5,795,250 0.40
    Aris Mining Corp ARIS US 218,899 5,494,919 0.38
    Wesdome Gold Mines Ltd/Canada WDO CN 160,429 5,489,776 0.38
    Skeena Resources Ltd SKE US 107,428 5,045,515 0.35
    Fortuna Silver Mines Inc FSM US 324,891 4,980,651 0.34
    Endeavour Silver Corp EXK US 320,440 4,808,186 0.33
    Pan African Resources Plc PAN SJ 2,172,871 4,783,753 0.33
    Seabridge Gold Inc SA US 102,297 4,703,260 0.32
    Perpetua Resources Corp PPTA US 125,957 4,501,390 0.31
    Shandong Gold Mining Co Ltd 1787 HK 1,033,634 4,291,940 0.30
    Aura Minerals Inc AUGO US 38,075 4,174,734 0.29
    Novagold Resources Inc NG US 358,402 3,989,002 0.28
    Silvercorp Metals Inc SVM US 228,752 3,914,438 0.27
    Emerald Resources Nl EMR AU 562,417 3,689,456 0.25
    West African Resources Ltd WAF AU 1,030,752 3,638,555 0.25
    Hochschild Mining Plc HOC LN 343,246 3,495,093 0.24
    Wanguo Gold Group Ltd 3939 HK 1,547,245 3,460,471 0.24
    Allied Gold Corp AAUC US 106,392 3,388,414 0.23
    Predictive Discovery Ltd PDI AU 4,216,040 3,330,672 0.23
    Lingbao Gold Co Ltd 3330 HK 771,124 3,154,674 0.22
    Abrasilver Resource Corp ABRA CN 155,430 2,611,206 0.18
    Southern Cross Gold Consolidated Ltd SX2 AU 208,841 2,562,479 0.18
    Bellevue Gold Ltd BGL AU 1,565,061 2,425,845 0.17
    Snowline Gold Corp SGD CN 142,623 2,422,125 0.17
    Resolute Mining Ltd RSG AU 2,003,160 2,313,650 0.16
    Mineros Sa MSA CN 292,771 2,221,362 0.15
    Americas Gold & Silver Corp USAS US 294,540 2,161,876 0.15
    Hycroft Mining Holding Corp HYMC US 53,368 2,071,774 0.14
    I-80 Gold Corp IAUX US 830,523 2,055,459 0.14
    Ora Banda Mining Ltd OBM AU 1,446,351 1,959,806 0.14
    Vizsla Silver Corp VZLA US 362,440 1,947,775 0.13
    Catalyst Metals Ltd CYL AU 263,838 1,714,947 0.12
    Gogold Resources Inc GGD CN 446,121 1,694,708 0.12
    Drdgold Ltd DRD US 46,770 1,598,024 0.11
    Alkane Resources Ltd ALK AU 1,016,089 1,595,260 0.11
    Mcewen Mining Inc MUX US 55,434 1,501,288 0.10
    Rio2 Ltd RIO CN 433,869 1,480,705 0.10
    Sunshine Silver Mining & Refining Co SSMR US 54,375 1,330,346 0.09
    Tongguan Gold Group Ltd 340 HK 2,599,896 1,318,982 0.09
    Orezone Gold Corp ORE CN 470,722 1,267,013 0.09
    Kingsgate Consolidated Ltd KCN AU 260,921 1,236,766 0.09
    Santacruz Silver Mining Ltd SCZM US 92,787 1,163,938 0.08
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 167,699 1,157,534 0.08
    International Tower Hill Mines Ltd THM US 282,626 1,119,153 0.08
    Dakota Gold Corp DC US 123,593 1,095,924 0.08
    Elemental Royalty Corp ELE US 37,731 1,092,817 0.08
    Collective Mining Ltd CNL CN 53,262 1,076,026 0.07
    Highlander Silver Corp HSLV CN 135,964 1,019,180 0.07
    New Pacific Metals Corp NEWP US 106,370 994,351 0.07
    Pantoro Gold Ltd PNR AU 386,096 969,101 0.07
    Metalla Royalty & Streaming Ltd MTA US 74,367 960,219 0.07
    Osisko Gold Group Inc OGG US 238,923 939,338 0.06
    Gold Royalty Corp GROY US 207,325 929,459 0.06
    Galiano Gold Inc GAU US 277,413 819,959 0.06
    New Found Gold Corp NFGC US 265,423 619,358 0.04
    Andean Precious Metals Corp APM CN 60,290 422,537 0.03
    G3 Goldfields Inc 2521181D CN 88,426 122,598 0.01
    Other/Cash --   229,508 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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