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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
      $137.63

      as at 13-Mar-26
    • Total Net Assets
      $1.60B
    • 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 13-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 1,085,890 169,903,312 10.63
    Agnico Eagle Mines Ltd AEM US 499,792 148,107,083 9.27
    Barrick Mining Corp B US 1,675,642 101,301,717 6.34
    Wheaton Precious Metals Corp WPM US 451,670 90,204,984 5.64
    Franco-Nevada Corp FNV US 210,548 75,720,292 4.74
    Anglogold Ashanti Plc AU US 518,823 70,294,991 4.40
    Kinross Gold Corp KGC US 1,510,964 65,952,957 4.13
    Gold Fields Ltd GFI US 1,013,432 65,898,018 4.12
    Zijin Mining Group Co Ltd 2899 HK 7,499,461 52,341,023 3.28
    Pan American Silver Corp PAAS US 529,551 42,433,629 2.66
    Royal Gold Inc RGLD US 105,733 39,118,252 2.45
    Northern Star Resources Ltd NST AU 1,732,012 37,671,261 2.36
    Alamos Gold Inc AGI US 527,107 34,508,242 2.16
    Evolution Mining Ltd EVN AU 2,521,416 34,064,330 2.13
    Hecla Mining Co HL US 830,989 23,267,921 1.46
    Coeur Mining Inc CDE US 794,521 22,904,795 1.43
    Endeavour Mining Plc EDV LN 258,131 21,430,177 1.34
    Iamgold Corp IAG US 716,411 20,284,751 1.27
    First Majestic Silver Corp AG US 610,492 19,665,445 1.23
    Equinox Gold Corp EQX US 943,984 19,638,527 1.23
    Zijin Gold International Co Ltd 2259 HK 504,257 17,302,463 1.08
    Harmony Gold Mining Co Ltd HMY US 702,899 15,185,062 0.95
    Fresnillo Plc FRES LN 231,495 14,904,229 0.93
    Oceanagold Corp OGC CN 286,018 14,077,385 0.88
    Dundee Precious Metals Inc DPM CN 269,470 13,839,930 0.87
    Or Royalties Inc OR US 235,936 13,586,486 0.85
    New Gold Inc NGD US 948,723 13,519,315 0.85
    Lundin Gold Inc LUG CN 124,515 13,491,639 0.84
    Eldorado Gold Corp EGO US 251,592 13,209,159 0.83
    Triple Flag Precious Metals Corp TFPM US 251,406 12,883,499 0.81
    Zhaojin Mining Industry Co Ltd 1818 HK 2,065,510 11,680,359 0.73
    G Mining Ventures Corp GMIN CN 222,413 11,152,599 0.70
    B2gold Corp BTG US 1,603,102 11,101,652 0.69
    Cia De Minas Buenaventura Saa BVN US 204,845 10,313,175 0.65
    Ssr Mining Inc SSRM US 253,419 10,196,823 0.64
    Ramelius Resources Ltd RMS AU 2,349,835 9,563,828 0.60
    Perseus Mining Ltd PRU AU 1,688,899 8,917,387 0.56
    Orla Mining Ltd ORLA US 379,501 8,843,370 0.55
    Genesis Minerals Ltd GMD AU 1,337,935 8,375,473 0.52
    Torex Gold Resources Inc TXG CN 120,236 8,364,962 0.52
    Shandong Gold Mining Co Ltd 1787 HK 1,197,523 8,314,188 0.52
    K92 Mining Inc KNT CN 297,567 7,534,782 0.47
    Greatland Resources Ltd GGP AU 634,262 7,319,383 0.46
    Westgold Resources Ltd WGX AU 1,147,857 7,128,192 0.45
    Regis Resources Ltd RRL AU 920,367 7,068,419 0.44
    Pan African Resources Plc PAN SJ 2,508,592 6,878,536 0.43
    Aris Mining Corp ARMN US 246,236 6,532,538 0.41
    Vault Minerals Ltd VAU AU 1,280,932 6,327,804 0.40
    Centerra Gold Inc CGAU US 249,713 6,289,621 0.39
    Capricorn Metals Ltd CMM AU 508,258 6,048,270 0.38
    Discovery Silver Corp DSV CN 644,051 6,045,283 0.38
    Perpetua Resources Corp PPTA US 140,700 5,978,769 0.37
    Novagold Resources Inc NG US 383,253 5,696,669 0.36
    Fortuna Silver Mines Inc FSM US 382,537 5,620,482 0.35
    Skeena Resources Ltd SKE US 124,294 5,528,317 0.35
    Endeavour Silver Corp EXK US 368,814 5,250,338 0.33
    Seabridge Gold Inc SA US 114,506 5,125,668 0.32
    Allied Gold Corp AAUC US 115,467 5,124,171 0.32
    Hochschild Mining Plc HOC LN 397,422 4,834,190 0.30
    Wesdome Gold Mines Ltd/Canada WDO CN 189,170 4,790,029 0.30
    Aura Minerals Inc AUGO US 44,241 4,762,057 0.30
    Montage Gold Corp MAU CN 300,048 4,653,376 0.29
    Wanguo Gold Group Ltd 3939 HK 1,526,165 4,273,435 0.27
    Silvercorp Metals Inc SVM US 265,904 4,100,467 0.26
    Emerald Resources Nl EMR AU 651,248 3,783,751 0.24
    Aya Gold & Silver Inc AYA CN 163,950 3,721,968 0.23
    West African Resources Ltd WAF AU 1,242,451 3,516,136 0.22
    Hycroft Mining Holding Corp HYMC US 63,655 3,447,467 0.22
    Resolute Mining Ltd RSG AU 2,344,666 3,282,532 0.21
    Bellevue Gold Ltd BGL AU 1,802,206 2,955,618 0.19
    Americas Gold & Silver Corp USAS US 264,146 2,775,918 0.17
    Snowline Gold Corp SGD CN 163,518 2,716,133 0.17
    Southern Cross Gold Consolidated Ltd SX2 AU 283,569 2,608,835 0.16
    Lingbao Gold Co Ltd 3330 HK 524,775 2,584,664 0.16
    Abrasilver Resource Corp ABRA CN 178,814 2,379,141 0.15
    Drdgold Ltd DRD US 54,187 2,334,292 0.15
    Ora Banda Mining Ltd OBM AU 1,662,093 2,243,826 0.14
    I-80 Gold Corp IAUX US 915,448 2,169,834 0.14
    Vizsla Silver Corp VZLA US 414,051 2,122,428 0.13
    Predictive Discovery Ltd PDI AU 2,460,718 2,017,789 0.13
    Mcewen Mining Inc MUX US 57,611 1,910,083 0.12
    Catalyst Metals Ltd CYL AU 294,858 1,857,605 0.12
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 247,152 1,816,922 0.11
    Kingsgate Consolidated Ltd KCN AU 279,988 1,713,527 0.11
    Alkane Resources Ltd ALK AU 999,704 1,549,541 0.10
    Mineros Sa MSA CN 261,567 1,465,482 0.09
    Tongguan Gold Group Ltd 340 HK 2,211,416 1,379,634 0.09
    Collective Mining Ltd CNL CN 60,887 1,330,983 0.08
    Pantoro Gold Ltd PNR AU 362,984 1,255,925 0.08
    Osisko Development Corp ODV US 224,775 1,187,502 0.07
    New Found Gold Corp NFGC US 254,083 830,799 0.05
    Andean Precious Metals Corp APM CN 53,977 437,635 0.03
    Other/Cash --   138,809 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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