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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
      $93.40

      as at 23-Jul-26
    • Total Net Assets
      $1.14B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      105
    • 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, 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 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 23-Jul-26 Download all holdings

    No. of holdings: 105
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,032,402 140,249,739 12.28
    Agnico Eagle Mines Ltd AEM US 484,584 100,433,479 8.79
    Barrick Mining Corp B US 1,612,839 85,956,408 7.52
    Wheaton Precious Metals Corp WPM US 439,060 69,286,165 6.07
    Franco-Nevada Corp FNV US 185,485 56,987,597 4.99
    Anglogold Ashanti Plc AU US 487,836 54,867,127 4.80
    Gold Fields Ltd GFI US 908,112 42,042,107 3.68
    Kinross Gold Corp KGC US 1,205,541 40,925,291 3.58
    Zijin Mining Group Co Ltd 2899 HK 6,057,059 37,135,737 3.25
    Northern Star Resources Ltd NST AU 1,394,982 28,931,927 2.53
    Pan American Silver Corp PAAS US 426,993 27,061,776 2.37
    Royal Gold Inc RGLD US 85,885 24,591,013 2.15
    Evolution Mining Ltd EVN AU 2,043,716 23,645,794 2.07
    Coeur Mining Inc CDE US 1,043,598 22,810,234 2.00
    Alamos Gold Inc AGI US 424,977 17,907,244 1.57
    Endeavour Mining Plc EDV LN 220,248 14,991,716 1.31
    Hecla Mining Co HL US 675,287 14,837,430 1.30
    Harmony Gold Mining Co Ltd HMY US 563,075 12,509,190 1.10
    Iamgold Corp IAG US 584,656 12,351,358 1.08
    Eldorado Gold Corp EGO US 261,859 12,014,156 1.05
    First Majestic Silver Corp AG US 495,119 11,681,188 1.02
    Dundee Precious Metals Inc DPM CN 216,737 11,235,672 0.98
    Equinox Gold Corp EQX US 764,169 10,181,615 0.89
    Fresnillo Plc FRES LN 186,728 8,904,913 0.78
    Zijin Gold International Co Ltd 2259 HK 407,265 8,901,665 0.78
    Triple Flag Precious Metals Corp TFPM US 205,860 8,479,455 0.74
    Ssr Mining Inc SSRM US 207,757 8,104,684 0.71
    Lundin Gold Inc LUG CN 100,713 8,102,148 0.71
    Or Royalties Inc OR US 189,679 7,902,726 0.69
    Cia De Minas Buenaventura Saa BVN US 172,532 7,750,022 0.68
    G Mining Ventures Corp GMIN CN 175,160 7,625,182 0.67
    Oceanagold Corp OGC CN 225,926 7,624,781 0.67
    B2gold Corp BTG US 1,269,714 6,992,761 0.61
    Perseus Mining Ltd PRU AU 1,354,064 6,824,483 0.60
    Genesis Minerals Ltd GMD AU 1,080,590 6,634,823 0.58
    Zhaojin Mining Industry Co Ltd 1818 HK 1,672,474 6,368,928 0.56
    Ramelius Resources Ltd RMS AU 1,878,081 5,934,736 0.52
    Greatland Resources Ltd GGP AU 520,247 5,571,845 0.49
    K92 Mining Inc KNT CN 241,703 5,416,013 0.47
    Capricorn Metals Ltd CMM AU 417,323 5,287,482 0.46
    Vault Minerals Ltd VAU AU 1,028,914 5,226,883 0.46
    Torex Gold Resources Inc TXG CN 94,511 5,148,668 0.45
    Regis Resources Ltd RRL AU 747,915 4,749,260 0.42
    Montage Gold Corp MAU CN 284,131 4,706,345 0.41
    Centerra Gold Inc CGAU US 200,946 4,697,627 0.41
    Discovery Silver Corp DSV CN 530,647 4,608,211 0.40
    Westgold Resources Ltd WGX AU 952,546 4,515,068 0.40
    Aris Mining Corp ARMN US 204,827 4,286,018 0.38
    Orla Mining Ltd ORLA US 311,977 4,147,762 0.36
    Aya Gold & Silver Inc AYA CN 139,860 3,995,386 0.35
    Wesdome Gold Mines Ltd/Canada WDO CN 150,116 3,947,562 0.35
    Skeena Resources Ltd SKE US 100,521 3,878,114 0.34
    Fortuna Silver Mines Inc FSM US 304,005 3,671,169 0.32
    Pan African Resources Plc PAN SJ 2,033,186 3,656,709 0.32
    Seabridge Gold Inc SA US 95,721 3,573,493 0.31
    Shandong Gold Mining Co Ltd 1787 HK 967,186 3,545,145 0.31
    Endeavour Silver Corp EXK US 299,840 3,401,556 0.30
    Allied Gold Corp AAUC US 99,553 3,029,781 0.27
    Perpetua Resources Corp PPTA US 117,860 3,015,594 0.26
    Silvercorp Metals Inc SVM US 214,046 2,953,206 0.26
    Wanguo Gold Group Ltd 3939 HK 1,447,780 2,936,705 0.26
    Emerald Resources Nl EMR AU 526,262 2,899,704 0.25
    Novagold Resources Inc NG US 335,363 2,847,399 0.25
    West African Resources Ltd WAF AU 964,489 2,845,243 0.25
    Aura Minerals Inc AUGO US 35,627 2,815,415 0.25
    Hochschild Mining Plc HOC LN 321,180 2,686,732 0.24
    Predictive Discovery Ltd PDI AU 3,945,008 2,662,880 0.23
    Lingbao Gold Co Ltd 3330 HK 721,552 2,599,921 0.23
    Abrasilver Resource Corp ABRA CN 145,438 2,212,107 0.19
    Bellevue Gold Ltd BGL AU 1,464,450 1,940,396 0.17
    Mineros Sa MSA CN 273,950 1,929,990 0.17
    Snowline Gold Corp SGD CN 133,454 1,906,193 0.17
    Resolute Mining Ltd RSG AU 1,874,384 1,865,012 0.16
    Southern Cross Gold Consolidated Ltd SX2 AU 195,415 1,815,405 0.16
    G2 Goldfields Inc GTWO CN 173,031 1,694,637 0.15
    Americas Gold & Silver Corp USAS US 275,606 1,604,820 0.14
    Vizsla Silver Corp VZLA US 339,141 1,575,930 0.14
    I-80 Gold Corp IAUX US 777,133 1,538,105 0.13
    Catalyst Metals Ltd CYL AU 246,878 1,483,737 0.13
    Ora Banda Mining Ltd OBM AU 1,353,370 1,475,173 0.13
    Hycroft Mining Holding Corp HYMC US 49,937 1,466,776 0.13
    Alkane Resources Ltd ALK AU 950,769 1,331,077 0.12
    Mcewen Mining Inc MUX US 51,871 1,308,585 0.11
    Drdgold Ltd DRD US 43,764 1,283,577 0.11
    Gogold Resources Inc GGD CN 417,442 1,283,455 0.11
    Rio2 Ltd RIO CN 405,978 1,099,415 0.10
    Kingsgate Consolidated Ltd KCN AU 244,148 1,069,368 0.09
    Sunshine Silver Mining & Refining Co SSMR US 50,880 1,047,884 0.09
    Orezone Gold Corp ORE CN 440,461 1,013,429 0.09
    Tongguan Gold Group Ltd 340 HK 2,432,761 929,976 0.08
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 156,918 919,010 0.08
    Collective Mining Ltd CNL CN 49,838 906,698 0.08
    Elemental Royalty Corp ELE US 35,305 791,926 0.07
    Highlander Silver Corp HSLV CN 127,223 786,198 0.07
    International Tower Hill Mines Ltd THM US 264,457 785,122 0.07
    Santacruz Silver Mining Ltd SCZM US 86,822 784,480 0.07
    Dakota Gold Corp DC US 115,648 776,239 0.07
    Pantoro Gold Ltd PNR AU 361,275 769,516 0.07
    Metalla Royalty & Streaming Ltd MTA US 69,586 754,493 0.07
    Osisko Gold Group Inc OGG US 223,564 731,052 0.06
    Gold Royalty Corp GROY US 193,997 717,838 0.06
    Galiano Gold Inc GAU US 259,579 685,013 0.06
    New Pacific Metals Corp NEWP US 99,532 636,662 0.06
    New Found Gold Corp NFGC US 248,361 512,929 0.04
    Andean Precious Metals Corp APM CN 56,414 354,938 0.03
    Other/Cash --   488,212 0.04
    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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