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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
      $149.88

      as at 16-Feb-26
    • Total Net Assets
      $1.75B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      92
    • 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 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 or major, core, minor or satellite allocation within a portfolio, has no minimum investment timeframe, and has a low risk/return profile.

    Performance

    Holdings & allocations

    All holdings (%) as at 17-Feb-26 Download all holdings

    No. of holdings: 92
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,087,602 193,536,053 11.06
    Agnico Eagle Mines Ltd AEM US 500,580 153,363,897 8.77
    Barrick Mining Corp B US 1,678,285 113,737,355 6.50
    Wheaton Precious Metals Corp WPM US 452,383 93,362,573 5.34
    Anglogold Ashanti Plc AU US 519,641 80,722,776 4.61
    Gold Fields Ltd GFI US 1,015,030 78,393,989 4.48
    Franco-Nevada Corp FNV US 210,880 75,224,148 4.30
    Kinross Gold Corp KGC US 1,513,347 73,639,055 4.21
    Zijin Mining Group Co Ltd 2899 HK 7,511,290 59,164,806 3.38
    Northern Star Resources Ltd NST AU 1,734,744 49,370,814 2.82
    Pan American Silver Corp PAAS US 530,386 43,461,731 2.48
    Royal Gold Inc RGLD US 105,900 42,857,325 2.45
    Evolution Mining Ltd EVN AU 2,525,393 38,360,720 2.19
    Alamos Gold Inc AGI US 527,939 33,791,975 1.93
    Hecla Mining Co HL US 832,300 26,607,225 1.52
    Coeur Mining Inc CDE US 795,774 25,236,934 1.44
    Endeavour Mining Plc EDV LN 258,538 23,362,188 1.34
    Iamgold Corp IAG US 717,541 21,954,042 1.26
    Equinox Gold Corp EQX US 945,473 21,130,874 1.21
    Harmony Gold Mining Co Ltd HMY US 704,007 20,902,617 1.20
    First Majestic Silver Corp AG US 611,455 19,858,554 1.14
    Zijin Gold International Co Ltd 2259 HK 505,052 19,360,746 1.11
    Fresnillo Plc FRES LN 231,860 17,052,709 0.97
    Eldorado Gold Corp EGO US 251,989 16,884,811 0.97
    Oceanagold Corp OGC CN 286,469 15,684,233 0.90
    New Gold Inc NGD US 950,220 14,865,877 0.85
    Dundee Precious Metals Inc DPM CN 269,895 14,552,700 0.83
    Or Royalties Inc OR US 236,308 14,269,732 0.82
    Lundin Gold Inc LUG CN 124,711 14,185,311 0.81
    Triple Flag Precious Metals Corp TFPM US 251,802 12,890,181 0.74
    B2gold Corp BTG US 1,605,631 12,264,525 0.70
    Zhaojin Mining Industry Co Ltd 1818 HK 2,068,768 12,034,213 0.69
    G Mining Ventures Corp GMIN CN 222,764 11,403,319 0.65
    Cia De Minas Buenaventura Saa BVN US 205,168 11,016,587 0.63
    Ramelius Resources Ltd RMS AU 2,353,542 10,802,758 0.62
    Ssr Mining Inc SSRM US 253,819 10,092,441 0.58
    Genesis Minerals Ltd GMD AU 1,340,046 9,889,539 0.57
    Perseus Mining Ltd PRU AU 1,691,563 9,675,740 0.55
    Orla Mining Ltd ORLA US 380,100 9,349,937 0.53
    K92 Mining Inc KNT CN 298,036 8,661,437 0.50
    Shandong Gold Mining Co Ltd 1787 HK 1,199,412 8,635,614 0.49
    Westgold Resources Ltd WGX AU 1,149,668 8,346,590 0.48
    Greatland Resources Ltd GGP AU 635,262 8,023,359 0.46
    Regis Resources Ltd RRL AU 921,818 7,632,653 0.44
    Torex Gold Resources Inc TXG CN 120,426 7,624,534 0.44
    Vault Minerals Ltd VAU AU 1,282,953 7,094,730 0.41
    Pan African Resources Plc PAN SJ 2,512,549 7,059,238 0.40
    Capricorn Metals Ltd CMM AU 509,060 6,841,766 0.39
    Discovery Silver Corp DSV CN 645,067 6,815,783 0.39
    Aris Mining Corp ARMN US 246,624 6,799,209 0.39
    Centerra Gold Inc CGAU US 250,107 6,668,812 0.38
    Endeavour Silver Corp EXK US 369,396 6,139,617 0.35
    Fortuna Silver Mines Inc FSM US 383,140 5,988,679 0.34
    Novagold Resources Inc NG US 383,857 5,836,993 0.33
    Skeena Resources Ltd SKE US 124,490 5,821,683 0.33
    Perpetua Resources Corp PPTA US 140,922 5,752,894 0.33
    Seabridge Gold Inc SA US 114,686 5,517,321 0.32
    Hochschild Mining Plc HOC LN 398,049 5,392,246 0.31
    Allied Gold Corp AAUC US 115,649 5,148,134 0.29
    Wesdome Gold Mines Ltd/Canada WDO CN 189,469 4,668,551 0.27
    Montage Gold Corp MAU CN 300,521 4,569,573 0.26
    West African Resources Ltd WAF AU 1,244,411 4,566,988 0.26
    Aura Minerals Inc AUGO US 44,311 4,535,460 0.26
    Wanguo Gold Group Ltd 3939 HK 1,528,572 4,440,388 0.25
    Emerald Resources Nl EMR AU 652,275 4,200,651 0.24
    Silvercorp Metals Inc SVM US 266,324 4,136,413 0.24
    Aya Gold & Silver Inc AYA CN 164,208 3,988,167 0.23
    Resolute Mining Ltd RSG AU 2,348,364 3,381,644 0.19
    Hycroft Mining Holding Corp HYMC US 63,755 3,206,012 0.18
    Bellevue Gold Ltd BGL AU 1,805,048 3,203,960 0.18
    Southern Cross Gold Consolidated Ltd SX2 AU 284,016 3,013,410 0.17
    Snowline Gold Corp SGD CN 163,776 2,945,859 0.17
    Americas Gold & Silver Corp USAS US 264,563 2,817,963 0.16
    Drdgold Ltd DRD US 54,272 2,736,822 0.16
    Abrasilver Resource Corp ABRA CN 179,097 2,539,231 0.15
    I-80 Gold Corp IAUX US 916,892 2,516,119 0.14
    Lingbao Gold Co Ltd 3330 HK 525,603 2,368,739 0.14
    Vizsla Silver Corp VZLA US 414,704 2,252,582 0.13
    Catalyst Metals Ltd CYL AU 295,323 2,229,689 0.13
    Ora Banda Mining Ltd OBM AU 1,664,715 2,180,777 0.12
    Predictive Discovery Ltd PDI AU 2,464,599 2,156,524 0.12
    Mcewen Mining Inc MUX US 57,702 2,098,477 0.12
    Mineros Sa MSA CN 261,979 1,963,210 0.11
    Pantoro Gold Ltd PNR AU 363,556 1,810,509 0.10
    Alkane Resources Ltd ALK AU 1,001,281 1,757,248 0.10
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 247,542 1,665,783 0.10
    Kingsgate Consolidated Ltd KCN AU 280,430 1,576,017 0.09
    Collective Mining Ltd CNL CN 60,983 1,442,502 0.08
    Tongguan Gold Group Ltd 340 HK 2,214,904 1,286,826 0.07
    Osisko Development Corp ODV US 225,130 1,178,274 0.07
    New Found Gold Corp NFGC US 254,484 971,931 0.06
    Andean Precious Metals Corp APM CN 54,063 506,700 0.03
    Other/Cash --   139,127 0.01
    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 Update”.

    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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