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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
      $95.24

      as at 04-Aug-26
    • Total Net Assets
      $1.19B
    • 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 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 05-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 1,057,734 146,866,981 12.31
    Agnico Eagle Mines Ltd AEM US 496,474 106,235,612 8.90
    Barrick Mining Corp B US 1,652,414 89,704,805 7.52
    Wheaton Precious Metals Corp WPM US 449,834 73,759,085 6.18
    Franco-Nevada Corp FNV US 190,036 59,091,101 4.95
    Anglogold Ashanti Plc AU US 499,806 57,873,384 4.85
    Gold Fields Ltd GFI US 930,394 45,088,774 3.78
    Kinross Gold Corp KGC US 1,235,121 41,413,441 3.47
    Zijin Mining Group Co Ltd 2899 HK 6,205,681 37,184,986 3.12
    Northern Star Resources Ltd NST AU 1,429,211 29,041,568 2.43
    Pan American Silver Corp PAAS US 437,470 27,913,297 2.34
    Royal Gold Inc RGLD US 87,993 25,757,185 2.16
    Evolution Mining Ltd EVN AU 2,093,863 24,665,706 2.07
    Coeur Mining Inc CDE US 1,069,205 24,624,295 2.06
    Alamos Gold Inc AGI US 435,404 17,791,030 1.49
    Endeavour Mining Plc EDV LN 225,652 15,674,442 1.31
    Hecla Mining Co HL US 691,856 15,127,743 1.27
    Equinox Gold Corp EQX US 1,102,552 15,006,672 1.26
    Harmony Gold Mining Co Ltd HMY US 576,892 13,835,242 1.16
    Iamgold Corp IAG US 599,002 12,595,337 1.06
    Eldorado Gold Corp EGO US 268,284 12,128,714 1.02
    Dundee Precious Metals Inc DPM CN 221,523 11,986,956 1.00
    First Majestic Silver Corp AG US 507,267 11,884,395 1.00
    G Mining Ventures Corp GMIN CN 216,521 10,044,392 0.84
    Fresnillo Plc FRES LN 191,310 9,608,537 0.81
    Triple Flag Precious Metals Corp TFPM US 210,911 8,959,633 0.75
    Zijin Gold International Co Ltd 2259 HK 417,258 8,850,631 0.74
    Or Royalties Inc OR US 194,333 8,492,835 0.71
    Lundin Gold Inc LUG CN 102,937 8,489,329 0.71
    Oceanagold Corp OGC CN 230,916 8,231,352 0.69
    Cia De Minas Buenaventura Saa BVN US 176,765 8,101,780 0.68
    Ssr Mining Inc SSRM US 212,855 8,038,197 0.67
    B2gold Corp BTG US 1,300,869 7,189,571 0.60
    Perseus Mining Ltd PRU AU 1,387,289 6,797,716 0.57
    Genesis Minerals Ltd GMD AU 1,107,105 6,587,275 0.55
    Zhaojin Mining Industry Co Ltd 1818 HK 1,713,511 6,573,937 0.55
    K92 Mining Inc KNT CN 247,040 6,067,157 0.51
    Ramelius Resources Ltd RMS AU 1,924,164 6,041,875 0.51
    Capricorn Metals Ltd CMM AU 427,563 5,579,697 0.47
    Torex Gold Resources Inc TXG CN 96,598 5,514,099 0.46
    Greatland Resources Ltd GGP AU 533,012 5,511,344 0.46
    Centerra Gold Inc CGAU US 205,877 5,308,897 0.44
    Discovery Silver Corp DSV CN 542,365 5,212,954 0.44
    Vault Minerals Ltd VAU AU 1,054,161 5,186,472 0.43
    Montage Gold Corp MAU CN 290,405 5,021,874 0.42
    Regis Resources Ltd RRL AU 766,267 4,781,506 0.40
    Westgold Resources Ltd WGX AU 975,918 4,733,202 0.40
    Aya Gold & Silver Inc AYA CN 142,949 4,649,207 0.39
    Aris Mining Corp ARMN US 209,853 4,385,788 0.37
    Wesdome Gold Mines Ltd/Canada WDO CN 153,431 4,385,350 0.37
    Skeena Resources Ltd SKE US 102,988 4,200,874 0.35
    Fortuna Silver Mines Inc FSM US 311,464 4,004,758 0.34
    Pan African Resources Plc PAN SJ 2,083,075 3,900,016 0.33
    Seabridge Gold Inc SA US 98,069 3,800,983 0.32
    Endeavour Silver Corp EXK US 307,197 3,635,648 0.30
    Shandong Gold Mining Co Ltd 1787 HK 990,917 3,571,931 0.30
    Perpetua Resources Corp PPTA US 120,751 3,547,816 0.30
    Silvercorp Metals Inc SVM US 219,298 3,181,121 0.27
    Novagold Resources Inc NG US 343,591 3,090,048 0.26
    Aura Minerals Inc AUGO US 36,501 2,996,935 0.25
    West African Resources Ltd WAF AU 988,154 2,974,344 0.25
    Emerald Resources Nl EMR AU 539,175 2,943,896 0.25
    Hochschild Mining Plc HOC LN 329,061 2,837,703 0.24
    Wanguo Gold Group Ltd 3939 HK 1,483,304 2,778,199 0.23
    Allied Gold Corp AAUC US 101,996 2,727,235 0.23
    Predictive Discovery Ltd PDI AU 4,041,807 2,647,384 0.22
    Lingbao Gold Co Ltd 3330 HK 739,257 2,611,216 0.22
    Abrasilver Resource Corp ABRA CN 148,649 2,184,430 0.18
    Snowline Gold Corp SGD CN 136,401 2,016,850 0.17
    Mineros Sa MSA CN 280,000 2,009,223 0.17
    Bellevue Gold Ltd BGL AU 1,500,383 1,950,498 0.16
    Southern Cross Gold Consolidated Ltd SX2 AU 200,210 1,861,953 0.16
    Resolute Mining Ltd RSG AU 1,920,376 1,833,959 0.15
    Americas Gold & Silver Corp USAS US 282,368 1,761,164 0.15
    Vizsla Silver Corp VZLA US 347,462 1,678,441 0.14
    Hycroft Mining Holding Corp HYMC US 51,162 1,625,321 0.14
    Ora Banda Mining Ltd OBM AU 1,386,578 1,601,498 0.13
    I-80 Gold Corp IAUX US 796,202 1,583,693 0.13
    Catalyst Metals Ltd CYL AU 252,936 1,472,088 0.12
    Mcewen Mining Inc MUX US 53,143 1,409,646 0.12
    Drdgold Ltd DRD US 44,838 1,374,093 0.12
    Gogold Resources Inc GGD CN 426,661 1,345,393 0.11
    Alkane Resources Ltd ALK AU 974,098 1,285,809 0.11
    Rio2 Ltd RIO CN 414,943 1,132,306 0.09
    Sunshine Silver Mining & Refining Co SSMR US 52,128 1,084,256 0.09
    Orezone Gold Corp ORE CN 450,187 1,055,584 0.09
    Kingsgate Consolidated Ltd KCN AU 250,138 1,023,064 0.09
    Tongguan Gold Group Ltd 340 HK 2,492,453 966,170 0.08
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 160,768 961,006 0.08
    Collective Mining Ltd CNL CN 50,939 939,046 0.08
    Santacruz Silver Mining Ltd SCZM US 88,952 909,930 0.08
    Elemental Royalty Corp ELE US 36,171 854,105 0.07
    Highlander Silver Corp HSLV CN 130,033 847,666 0.07
    Dakota Gold Corp DC US 118,485 845,059 0.07
    Metalla Royalty & Streaming Ltd MTA US 71,294 795,138 0.07
    Osisko Gold Group Inc OGG US 229,050 787,527 0.07
    Pantoro Gold Ltd PNR AU 370,140 777,294 0.07
    Gold Royalty Corp GROY US 198,757 759,617 0.06
    New Pacific Metals Corp NEWP US 101,974 759,173 0.06
    International Tower Hill Mines Ltd THM US 270,946 731,402 0.06
    Galiano Gold Inc GAU US 265,948 680,125 0.06
    New Found Gold Corp NFGC US 254,455 520,587 0.04
    Andean Precious Metals Corp APM CN 57,659 368,295 0.03
    G3 Goldfields Inc 2521181D CN 88,426 121,990 0.01
    Other/Cash --   514,524 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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