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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
      $112.27

      as at 25-Jun-26
    • Total Net Assets
      $1.30B
    • 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 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 26-Jun-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 1,162,674 160,493,642 12.38
    Agnico Eagle Mines Ltd AEM US 545,731 123,390,924 9.51
    Barrick Mining Corp B US 1,816,354 96,635,570 7.45
    Wheaton Precious Metals Corp WPM US 494,463 80,946,630 6.24
    Franco-Nevada Corp FNV US 208,890 63,506,199 4.90
    Anglogold Ashanti Plc AU US 549,393 63,103,652 4.87
    Gold Fields Ltd GFI US 1,022,701 48,592,185 3.75
    Kinross Gold Corp KGC US 1,357,661 47,250,345 3.64
    Zijin Mining Group Co Ltd 2899 HK 6,821,362 35,315,932 2.72
    Pan American Silver Corp PAAS US 480,872 31,320,209 2.42
    Northern Star Resources Ltd NST AU 1,571,007 31,294,459 2.41
    Royal Gold Inc RGLD US 96,723 28,652,137 2.21
    Evolution Mining Ltd EVN AU 2,301,601 27,343,020 2.11
    Coeur Mining Inc CDE US 1,175,284 27,206,361 2.10
    Alamos Gold Inc AGI US 478,602 21,555,281 1.66
    Endeavour Mining Plc EDV LN 248,040 17,749,074 1.37
    Hecla Mining Co HL US 760,497 16,679,741 1.29
    Iamgold Corp IAG US 658,430 15,089,321 1.16
    Harmony Gold Mining Co Ltd HMY US 634,126 13,880,545 1.07
    First Majestic Silver Corp AG US 557,595 13,319,318 1.03
    Eldorado Gold Corp EGO US 294,901 12,991,442 1.00
    Equinox Gold Corp EQX US 860,595 11,723,779 0.90
    Fresnillo Plc FRES LN 210,290 11,325,037 0.87
    Dundee Precious Metals Inc DPM CN 244,086 11,178,761 0.86
    Or Royalties Inc OR US 213,613 9,728,941 0.75
    Ssr Mining Inc SSRM US 233,973 9,640,062 0.74
    Triple Flag Precious Metals Corp TFPM US 231,836 9,454,681 0.73
    Oceanagold Corp OGC CN 254,435 9,121,444 0.70
    Lundin Gold Inc LUG CN 113,422 8,832,935 0.68
    Cia De Minas Buenaventura Saa BVN US 194,302 8,630,020 0.67
    B2gold Corp BTG US 1,429,931 8,197,651 0.63
    Zijin Gold International Co Ltd 2259 HK 458,656 7,871,510 0.61
    G Mining Ventures Corp GMIN CN 197,262 7,612,695 0.59
    Perseus Mining Ltd PRU AU 1,524,926 7,578,882 0.58
    Greatland Resources Ltd GGP AU 585,894 6,995,574 0.54
    Genesis Minerals Ltd GMD AU 1,216,944 6,474,142 0.50
    Ramelius Resources Ltd RMS AU 2,115,066 6,112,541 0.47
    K92 Mining Inc KNT CN 272,202 6,076,448 0.47
    Torex Gold Resources Inc TXG CN 106,437 6,039,879 0.47
    Zhaojin Mining Industry Co Ltd 1818 HK 1,883,513 5,800,778 0.45
    Capricorn Metals Ltd CMM AU 469,982 5,696,182 0.44
    Regis Resources Ltd RRL AU 842,291 5,365,394 0.41
    Centerra Gold Inc CGAU US 226,302 5,179,638 0.40
    Vault Minerals Ltd VAU AU 1,158,747 5,133,249 0.40
    Westgold Resources Ltd WGX AU 1,072,742 5,009,705 0.39
    Aris Mining Corp ARMN US 230,673 5,009,186 0.39
    Montage Gold Corp MAU CN 319,984 4,827,301 0.37
    Orla Mining Ltd ORLA US 351,343 4,826,993 0.37
    Discovery Silver Corp DSV CN 597,606 4,702,693 0.36
    Pan African Resources Plc PAN SJ 2,289,743 4,407,443 0.34
    Skeena Resources Ltd SKE US 113,206 4,264,380 0.33
    Fortuna Silver Mines Inc FSM US 342,366 4,168,366 0.32
    Aya Gold & Silver Inc AYA CN 157,509 4,158,335 0.32
    Wesdome Gold Mines Ltd/Canada WDO CN 169,058 4,134,094 0.32
    Perpetua Resources Corp PPTA US 132,732 4,073,715 0.31
    Seabridge Gold Inc SA US 107,799 3,985,794 0.31
    Endeavour Silver Corp EXK US 337,675 3,930,376 0.30
    Allied Gold Corp AAUC US 112,115 3,708,763 0.29
    Silvercorp Metals Inc SVM US 241,055 3,702,633 0.29
    Aura Minerals Inc AUGO US 40,122 3,550,718 0.27
    Shandong Gold Mining Co Ltd 1787 HK 1,089,229 3,543,616 0.27
    Novagold Resources Inc NG US 377,680 3,362,624 0.26
    Emerald Resources Nl EMR AU 592,668 3,301,161 0.25
    Hochschild Mining Plc HOC LN 361,708 3,277,711 0.25
    Predictive Discovery Ltd PDI AU 4,442,806 3,198,820 0.25
    West African Resources Ltd WAF AU 1,086,192 3,149,957 0.24
    Wanguo Gold Group Ltd 3939 HK 1,630,466 2,263,868 0.17
    Abrasilver Resource Corp ABRA CN 163,789 2,243,874 0.17
    Americas Gold & Silver Corp USAS US 310,383 2,152,349 0.17
    Bellevue Gold Ltd BGL AU 1,649,240 2,135,766 0.16
    Resolute Mining Ltd RSG AU 2,110,902 2,058,129 0.16
    Mineros Sa MSA CN 308,519 1,974,949 0.15
    Southern Cross Gold Consolidated Ltd SX2 AU 220,073 1,932,241 0.15
    Lingbao Gold Co Ltd 3330 HK 812,600 1,812,447 0.14
    Hycroft Mining Holding Corp HYMC US 56,238 1,782,193 0.14
    I-80 Gold Corp IAUX US 875,195 1,761,160 0.14
    Snowline Gold Corp SGD CN 150,294 1,744,937 0.13
    Vizsla Silver Corp VZLA US 381,935 1,730,665 0.13
    G2 Goldfields Inc GTWO CN 194,865 1,708,231 0.13
    Ora Banda Mining Ltd OBM AU 1,524,144 1,691,800 0.13
    Alkane Resources Ltd ALK AU 1,070,741 1,552,574 0.12
    Drdgold Ltd DRD US 49,286 1,520,499 0.12
    Mcewen Mining Inc MUX US 58,416 1,464,734 0.11
    Catalyst Metals Ltd CYL AU 278,030 1,445,756 0.11
    Gogold Resources Inc GGD CN 470,117 1,442,404 0.11
    Kingsgate Consolidated Ltd KCN AU 274,955 1,418,768 0.11
    Rio2 Ltd RIO CN 457,206 1,160,448 0.09
    Orezone Gold Corp ORE CN 496,040 1,117,438 0.09
    Sunshine Silver Mining & Refining Co SSMR US 57,300 1,102,450 0.09
    Collective Mining Ltd CNL CN 56,127 1,019,516 0.08
    Pantoro Gold Ltd PNR AU 406,862 956,126 0.07
    Highlander Silver Corp HSLV CN 143,277 915,711 0.07
    Santacruz Silver Mining Ltd SCZM US 97,777 911,595 0.07
    Osisko Development Corp ODV US 251,774 874,785 0.07
    Elemental Royalty Corp ELE US 39,760 872,619 0.07
    Tongguan Gold Group Ltd 340 HK 2,739,736 870,079 0.07
    Gold Royalty Corp GROY US 218,476 847,652 0.07
    International Tower Hill Mines Ltd THM US 297,828 845,086 0.07
    Galiano Gold Inc GAU US 292,334 791,407 0.06
    Metalla Royalty & Streaming Ltd MTA US 78,367 786,223 0.06
    Dakota Gold Corp DC US 130,241 769,285 0.06
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 176,718 763,516 0.06
    New Pacific Metals Corp NEWP US 112,092 624,762 0.05
    New Found Gold Corp NFGC US 279,700 611,433 0.05
    Andean Precious Metals Corp APM CN 63,532 358,770 0.03
    Other/Cash --   428,330 0.03
    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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