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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
      $94.61

      as at 22-Jul-26
    • Total Net Assets
      $1.15B
    • 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 1,029,870 140,941,968 12.21
    Agnico Eagle Mines Ltd AEM US 483,395 101,598,272 8.80
    Barrick Mining Corp B US 1,608,883 86,256,269 7.47
    Wheaton Precious Metals Corp WPM US 437,983 69,711,691 6.04
    Franco-Nevada Corp FNV US 185,030 56,623,699 4.91
    Anglogold Ashanti Plc AU US 486,639 56,457,494 4.89
    Gold Fields Ltd GFI US 905,884 43,504,182 3.77
    Kinross Gold Corp KGC US 1,202,584 41,664,596 3.61
    Zijin Mining Group Co Ltd 2899 HK 6,042,202 36,811,892 3.19
    Northern Star Resources Ltd NST AU 1,391,560 28,318,246 2.45
    Pan American Silver Corp PAAS US 425,945 27,572,426 2.39
    Royal Gold Inc RGLD US 85,675 24,645,108 2.13
    Coeur Mining Inc CDE US 1,041,039 23,569,009 2.04
    Evolution Mining Ltd EVN AU 2,038,703 23,159,666 2.01
    Alamos Gold Inc AGI US 423,934 18,504,886 1.60
    Endeavour Mining Plc EDV LN 219,708 15,720,346 1.36
    Hecla Mining Co HL US 673,630 15,106,488 1.31
    Harmony Gold Mining Co Ltd HMY US 561,694 12,748,803 1.10
    Iamgold Corp IAG US 583,222 12,628,904 1.09
    First Majestic Silver Corp AG US 493,904 12,219,650 1.06
    Eldorado Gold Corp EGO US 261,217 11,980,923 1.04
    Dundee Precious Metals Inc DPM CN 216,205 11,209,322 0.97
    Equinox Gold Corp EQX US 762,295 10,187,176 0.88
    Fresnillo Plc FRES LN 186,270 9,471,548 0.82
    Zijin Gold International Co Ltd 2259 HK 406,266 8,754,159 0.76
    Triple Flag Precious Metals Corp TFPM US 205,355 8,576,392 0.74
    Lundin Gold Inc LUG CN 100,466 8,349,889 0.72
    Ssr Mining Inc SSRM US 207,248 8,317,764 0.72
    Or Royalties Inc OR US 189,214 7,975,303 0.69
    Oceanagold Corp OGC CN 225,372 7,899,507 0.68
    Cia De Minas Buenaventura Saa BVN US 172,108 7,893,869 0.68
    G Mining Ventures Corp GMIN CN 174,730 7,819,586 0.68
    B2gold Corp BTG US 1,266,599 7,150,812 0.62
    Perseus Mining Ltd PRU AU 1,350,743 6,686,178 0.58
    Genesis Minerals Ltd GMD AU 1,077,940 6,575,434 0.57
    Zhaojin Mining Industry Co Ltd 1818 HK 1,668,371 6,393,104 0.55
    Ramelius Resources Ltd RMS AU 1,873,474 5,807,769 0.50
    K92 Mining Inc KNT CN 241,110 5,490,549 0.48
    Greatland Resources Ltd GGP AU 518,971 5,438,816 0.47
    Torex Gold Resources Inc TXG CN 94,279 5,334,767 0.46
    Capricorn Metals Ltd CMM AU 416,299 5,266,182 0.46
    Vault Minerals Ltd VAU AU 1,026,391 5,193,538 0.45
    Montage Gold Corp MAU CN 283,434 4,883,906 0.42
    Discovery Silver Corp DSV CN 529,345 4,882,929 0.42
    Centerra Gold Inc CGAU US 200,453 4,790,358 0.42
    Regis Resources Ltd RRL AU 746,081 4,692,849 0.41
    Westgold Resources Ltd WGX AU 950,209 4,608,514 0.40
    Aris Mining Corp ARMN US 204,325 4,354,299 0.38
    Aya Gold & Silver Inc AYA CN 139,517 4,163,896 0.36
    Orla Mining Ltd ORLA US 311,211 4,141,177 0.36
    Skeena Resources Ltd SKE US 100,275 4,037,371 0.35
    Wesdome Gold Mines Ltd/Canada WDO CN 149,748 3,998,155 0.35
    Pan African Resources Plc PAN SJ 2,028,199 3,738,548 0.32
    Fortuna Silver Mines Inc FSM US 303,259 3,731,951 0.32
    Seabridge Gold Inc SA US 95,486 3,728,546 0.32
    Endeavour Silver Corp EXK US 299,104 3,565,393 0.31
    Shandong Gold Mining Co Ltd 1787 HK 964,813 3,493,083 0.30
    Perpetua Resources Corp PPTA US 117,570 3,108,761 0.27
    Allied Gold Corp AAUC US 99,309 3,078,700 0.27
    Silvercorp Metals Inc SVM US 213,521 3,033,515 0.26
    Novagold Resources Inc NG US 334,540 2,969,332 0.26
    Emerald Resources Nl EMR AU 524,971 2,866,342 0.25
    Wanguo Gold Group Ltd 3939 HK 1,444,228 2,848,718 0.25
    Aura Minerals Inc AUGO US 35,539 2,838,955 0.25
    Hochschild Mining Plc HOC LN 320,392 2,822,218 0.24
    West African Resources Ltd WAF AU 962,123 2,819,020 0.24
    Predictive Discovery Ltd PDI AU 3,935,331 2,636,672 0.23
    Lingbao Gold Co Ltd 3330 HK 719,782 2,516,727 0.22
    Abrasilver Resource Corp ABRA CN 145,081 2,301,162 0.20
    Snowline Gold Corp SGD CN 133,126 1,969,691 0.17
    Mineros Sa MSA CN 273,278 1,921,833 0.17
    Bellevue Gold Ltd BGL AU 1,460,858 1,921,028 0.17
    Resolute Mining Ltd RSG AU 1,869,787 1,832,391 0.16
    G2 Goldfields Inc GTWO CN 172,607 1,723,579 0.15
    Southern Cross Gold Consolidated Ltd SX2 AU 194,936 1,715,437 0.15
    Vizsla Silver Corp VZLA US 338,309 1,653,708 0.14
    Americas Gold & Silver Corp USAS US 274,930 1,642,546 0.14
    I-80 Gold Corp IAUX US 775,227 1,573,390 0.14
    Hycroft Mining Holding Corp HYMC US 49,815 1,545,037 0.13
    Ora Banda Mining Ltd OBM AU 1,350,051 1,491,806 0.13
    Catalyst Metals Ltd CYL AU 246,272 1,457,930 0.13
    Drdgold Ltd DRD US 43,657 1,353,420 0.12
    Gogold Resources Inc GGD CN 416,418 1,348,025 0.12
    Mcewen Mining Inc MUX US 51,743 1,330,460 0.12
    Alkane Resources Ltd ALK AU 948,437 1,285,132 0.11
    Rio2 Ltd RIO CN 404,982 1,146,615 0.10
    Sunshine Silver Mining & Refining Co SSMR US 50,755 1,085,249 0.09
    Orezone Gold Corp ORE CN 439,380 1,043,359 0.09
    Kingsgate Consolidated Ltd KCN AU 243,549 1,039,954 0.09
    Collective Mining Ltd CNL CN 49,716 938,397 0.08
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 156,533 914,292 0.08
    Tongguan Gold Group Ltd 340 HK 2,426,793 906,929 0.08
    Highlander Silver Corp HSLV CN 126,911 853,868 0.07
    Santacruz Silver Mining Ltd SCZM US 86,609 836,814 0.07
    International Tower Hill Mines Ltd THM US 263,809 806,905 0.07
    Elemental Royalty Corp ELE US 35,218 798,842 0.07
    Dakota Gold Corp DC US 115,364 788,165 0.07
    Metalla Royalty & Streaming Ltd MTA US 69,416 769,911 0.07
    Pantoro Gold Ltd PNR AU 360,389 753,213 0.07
    Gold Royalty Corp GROY US 193,521 730,216 0.06
    Osisko Gold Group Inc OGG US 223,016 717,196 0.06
    Galiano Gold Inc GAU US 258,942 706,895 0.06
    New Pacific Metals Corp NEWP US 99,288 664,143 0.06
    New Found Gold Corp NFGC US 247,752 520,539 0.05
    Andean Precious Metals Corp APM CN 56,275 366,059 0.03
    Other/Cash --   30,388 0.00
    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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