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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
      $136.75

      as at 13-May-26
    • Total Net Assets
      $1.60B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      106
    • 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.
      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.

    Performance

    Holdings & allocations

    All holdings (%) as at 14-May-26 Download all holdings

    No. of holdings: 106
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,224,160 200,655,982 12.54
    Agnico Eagle Mines Ltd AEM US 562,710 151,945,274 9.50
    Barrick Mining Corp B US 1,869,360 115,574,490 7.22
    Wheaton Precious Metals Corp WPM US 510,760 100,089,962 6.26
    Anglogold Ashanti Plc AU US 567,692 80,075,277 5.00
    Franco-Nevada Corp FNV US 215,641 71,545,571 4.47
    Gold Fields Ltd GFI US 1,013,934 62,561,442 3.91
    Kinross Gold Corp KGC US 1,345,008 57,951,639 3.62
    Zijin Mining Group Co Ltd 2899 HK 6,724,024 45,930,077 2.87
    Pan American Silver Corp PAAS US 474,477 41,619,300 2.60
    Northern Star Resources Ltd NST AU 1,552,924 33,605,275 2.10
    Royal Gold Inc RGLD US 95,265 32,158,420 2.01
    Coeur Mining Inc CDE US 1,137,580 30,941,550 1.93
    Evolution Mining Ltd EVN AU 2,266,374 30,369,412 1.90
    Alamos Gold Inc AGI US 471,670 28,368,441 1.77
    Endeavour Mining Plc EDV LN 245,361 22,483,910 1.41
    Hecla Mining Co HL US 744,891 21,605,176 1.35
    First Majestic Silver Corp AG US 548,957 18,138,463 1.13
    Harmony Gold Mining Co Ltd HMY US 717,368 17,347,308 1.08
    Iamgold Corp IAG US 662,015 17,139,872 1.07
    Equinox Gold Corp EQX US 852,070 17,012,049 1.06
    Cia De Minas Buenaventura Saa BVN US 285,752 15,146,924 0.95
    Fresnillo Plc FRES LN 207,558 14,625,258 0.91
    Zijin Gold International Co Ltd 2259 HK 452,117 13,142,357 0.82
    Oceanagold Corp OGC CN 252,369 11,935,843 0.75
    Dundee Precious Metals Inc DPM CN 241,649 11,662,080 0.73
    Or Royalties Inc OR US 210,587 11,374,455 0.71
    Triple Flag Precious Metals Corp TFPM US 225,544 11,057,328 0.69
    Lundin Gold Inc LUG CN 113,519 11,029,993 0.69
    Eldorado Gold Corp EGO US 222,402 10,891,033 0.68
    Ssr Mining Inc SSRM US 227,405 10,888,493 0.68
    G Mining Ventures Corp GMIN CN 198,851 10,602,278 0.66
    B2gold Corp BTG US 1,417,246 10,467,019 0.65
    Zhaojin Mining Industry Co Ltd 1818 HK 1,851,938 9,202,451 0.58
    Perseus Mining Ltd PRU AU 1,514,381 8,556,253 0.53
    Greatland Resources Ltd GGP AU 574,328 8,551,744 0.53
    Genesis Minerals Ltd GMD AU 1,199,594 7,965,304 0.50
    Ramelius Resources Ltd RMS AU 2,115,329 7,572,878 0.47
    K92 Mining Inc KNT CN 266,458 7,541,486 0.47
    Torex Gold Resources Inc TXG CN 106,812 7,433,638 0.46
    Orla Mining Ltd ORLA US 340,829 6,847,106 0.43
    Capricorn Metals Ltd CMM AU 462,638 6,550,954 0.41
    Pan African Resources Plc PAN SJ 2,248,539 6,273,752 0.39
    Aris Mining Corp ARMN US 226,144 6,141,644 0.38
    Discovery Silver Corp DSV CN 587,694 6,097,906 0.38
    Westgold Resources Ltd WGX AU 1,057,313 5,994,965 0.37
    Centerra Gold Inc CGAU US 224,004 5,827,345 0.36
    Regis Resources Ltd RRL AU 825,202 5,669,138 0.35
    Shandong Gold Mining Co Ltd 1787 HK 1,073,700 5,626,263 0.35
    Perpetua Resources Corp PPTA US 127,332 5,574,010 0.35
    Vault Minerals Ltd VAU AU 1,150,066 5,543,318 0.35
    Skeena Resources Ltd SKE US 112,243 5,306,314 0.33
    Wesdome Gold Mines Ltd/Canada WDO CN 169,036 5,261,747 0.33
    Endeavour Silver Corp EXK US 332,396 5,166,279 0.32
    Silvercorp Metals Inc SVM US 237,969 5,151,213 0.32
    Fortuna Silver Mines Inc FSM US 341,190 5,025,589 0.31
    Novagold Resources Inc NG US 378,767 4,728,390 0.30
    Seabridge Gold Inc SA US 102,573 4,700,762 0.29
    Predictive Discovery Ltd PDI AU 4,448,621 4,582,080 0.29
    Aya Gold & Silver Inc AYA CN 154,893 4,566,101 0.29
    Hochschild Mining Plc HOC LN 355,949 4,527,114 0.28
    Allied Gold Corp AAUC US 110,374 4,487,960 0.28
    Aura Minerals Inc AUGO US 39,666 4,331,970 0.27
    Montage Gold Corp MAU CN 270,129 4,261,318 0.27
    Emerald Resources Nl EMR AU 584,020 3,655,965 0.23
    West African Resources Ltd WAF AU 1,062,881 3,518,136 0.22
    Hycroft Mining Holding Corp HYMC US 55,871 3,358,804 0.21
    Abrasilver Resource Corp ABRA CN 160,338 3,066,174 0.19
    Wanguo Gold Group Ltd 3939 HK 1,368,360 2,966,357 0.19
    Resolute Mining Ltd RSG AU 2,110,928 2,923,635 0.18
    Bellevue Gold Ltd BGL AU 1,615,859 2,706,564 0.17
    Rupert Resources Ltd RUP CN 223,855 2,509,525 0.16
    Snowline Gold Corp SGD CN 145,698 2,456,611 0.15
    Americas Gold & Silver Corp USAS US 241,911 2,416,610 0.15
    G2 Goldfields Inc GTWO CN 185,034 2,241,756 0.14
    Southern Cross Gold Consolidated Ltd SX2 AU 213,382 2,159,426 0.14
    Lingbao Gold Co Ltd 3330 HK 550,155 2,145,197 0.13
    Ora Banda Mining Ltd OBM AU 1,497,730 2,074,356 0.13
    Mcewen Mining Inc MUX US 57,286 2,045,957 0.13
    Drdgold Ltd DRD US 48,584 1,978,840 0.12
    Vizsla Silver Corp VZLA US 371,343 1,969,922 0.12
    Kingsgate Consolidated Ltd KCN AU 272,320 1,870,838 0.12
    I-80 Gold Corp IAUX US 823,068 1,769,185 0.11
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 226,103 1,627,204 0.10
    Mineros Sa MSA CN 301,503 1,609,667 0.10
    Alkane Resources Ltd ALK AU 1,025,231 1,594,234 0.10
    Catalyst Metals Ltd CYL AU 273,799 1,557,916 0.10
    Rio2 Ltd RIO CN 449,785 1,492,343 0.09
    Highlander Silver Corp HSLV CN 165,304 1,465,891 0.09
    Gogold Resources Inc GGD CN 407,615 1,454,884 0.09
    Collective Mining Ltd CNL CN 55,244 1,374,707 0.09
    Pantoro Gold Ltd PNR AU 405,159 1,365,386 0.09
    Santacruz Silver Mining Ltd SCZM US 95,597 1,319,851 0.08
    Orezone Gold Corp ORE CN 488,319 1,227,421 0.08
    International Tower Hill Mines Ltd THM US 292,951 1,126,191 0.07
    Dakota Gold Corp DC US 118,571 1,048,882 0.07
    Elemental Royalty Corp ELE US 38,992 1,043,906 0.07
    Tongguan Gold Group Ltd 340 HK 2,113,433 1,033,822 0.06
    Galiano Gold Inc GAU US 282,281 1,015,161 0.06
    New Pacific Metals Corp NEWP US 122,749 1,009,730 0.06
    Gold Royalty Corp GROY US 191,844 985,984 0.06
    Osisko Development Corp ODV US 206,234 963,325 0.06
    Metalla Royalty & Streaming Ltd MTA US 79,447 834,152 0.05
    New Found Gold Corp NFGC US 257,098 797,066 0.05
    Andean Precious Metals Corp APM CN 73,300 571,157 0.04
    Dateline Resources Ltd DTR AU 2,275,130 489,153 0.03
    Other/Cash --   279,203 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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