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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
      $140.61

      as at 01-Apr-26
    • Total Net Assets
      $1.61B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      107
    • 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.

    Performance

    Holdings & allocations

    All holdings (%) as at 02-Apr-26 Download all holdings

    No. of holdings: 107
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,199,054 196,472,473 12.19
    Agnico Eagle Mines Ltd AEM US 551,170 166,735,913 10.35
    Barrick Mining Corp B US 1,831,022 111,266,618 6.90
    Wheaton Precious Metals Corp WPM US 500,285 98,551,321 6.12
    Anglogold Ashanti Plc AU US 556,049 82,888,866 5.14
    Franco-Nevada Corp FNV US 211,218 77,707,637 4.82
    Gold Fields Ltd GFI US 993,139 68,831,110 4.27
    Kinross Gold Corp KGC US 1,317,423 60,744,287 3.77
    Zijin Mining Group Co Ltd 2899 HK 6,586,122 44,048,857 2.73
    Pan American Silver Corp PAAS US 464,746 37,195,729 2.31
    Royal Gold Inc RGLD US 93,311 35,519,842 2.20
    Northern Star Resources Ltd NST AU 1,521,075 33,615,758 2.09
    Coeur Mining Inc CDE US 1,114,249 30,662,094 1.90
    Alamos Gold Inc AGI US 461,997 30,349,624 1.88
    Evolution Mining Ltd EVN AU 2,219,894 30,301,553 1.88
    Endeavour Mining Plc EDV LN 240,329 21,781,311 1.35
    Hecla Mining Co HL US 729,614 20,151,187 1.25
    Iamgold Corp IAG US 648,438 18,376,061 1.14
    Equinox Gold Corp EQX US 834,595 17,954,993 1.11
    First Majestic Silver Corp AG US 537,698 17,165,758 1.07
    Harmony Gold Mining Co Ltd HMY US 702,655 16,350,927 1.01
    Cia De Minas Buenaventura Saa BVN US 279,891 14,985,015 0.93
    Zijin Gold International Co Ltd 2259 HK 442,845 14,817,167 0.92
    Fresnillo Plc FRES LN 203,302 13,647,368 0.85
    Dundee Precious Metals Inc DPM CN 236,693 12,731,153 0.79
    Lundin Gold Inc LUG CN 111,191 12,683,187 0.79
    Or Royalties Inc OR US 206,269 11,913,668 0.74
    Oceanagold Corp OGC CN 247,193 11,696,413 0.73
    Triple Flag Precious Metals Corp TFPM US 220,918 11,420,482 0.71
    Eldorado Gold Corp EGO US 217,841 11,333,563 0.70
    Zhaojin Mining Industry Co Ltd 1818 HK 1,813,957 11,038,773 0.69
    Ssr Mining Inc SSRM US 222,741 10,103,448 0.63
    G Mining Ventures Corp GMIN CN 194,773 9,955,284 0.62
    B2gold Corp BTG US 1,388,180 9,674,979 0.60
    Perseus Mining Ltd PRU AU 1,483,323 8,054,444 0.50
    Ramelius Resources Ltd RMS AU 2,071,946 8,039,150 0.50
    Orla Mining Ltd ORLA US 333,839 8,032,901 0.50
    Torex Gold Resources Inc TXG CN 104,622 7,441,319 0.46
    Genesis Minerals Ltd GMD AU 1,174,992 7,343,700 0.46
    Greatland Resources Ltd GGP AU 562,549 7,330,013 0.45
    K92 Mining Inc KNT CN 260,993 6,698,385 0.42
    Westgold Resources Ltd WGX AU 1,035,629 6,514,106 0.40
    Shandong Gold Mining Co Ltd 1787 HK 1,051,680 6,496,580 0.40
    Pan African Resources Plc PAN SJ 2,202,424 6,467,262 0.40
    Aris Mining Corp ARMN US 221,506 6,254,923 0.39
    Discovery Silver Corp DSV CN 575,641 5,861,777 0.36
    Centerra Gold Inc CGAU US 219,410 5,816,598 0.36
    Regis Resources Ltd RRL AU 808,278 5,763,022 0.36
    Capricorn Metals Ltd CMM AU 453,150 5,301,855 0.33
    Perpetua Resources Corp PPTA US 124,721 5,301,696 0.33
    Fortuna Silver Mines Inc FSM US 334,193 5,019,270 0.31
    Novagold Resources Inc NG US 370,999 5,000,431 0.31
    Vault Minerals Ltd VAU AU 1,126,480 4,933,982 0.31
    Skeena Resources Ltd SKE US 109,941 4,909,308 0.30
    Aura Minerals Inc AUGO US 38,853 4,889,283 0.30
    Allied Gold Corp AAUC US 108,111 4,858,727 0.30
    Montage Gold Corp MAU CN 264,589 4,516,143 0.28
    Endeavour Silver Corp EXK US 325,579 4,500,767 0.28
    Wesdome Gold Mines Ltd/Canada WDO CN 165,569 4,499,996 0.28
    Seabridge Gold Inc SA US 100,469 4,383,627 0.27
    Hochschild Mining Plc HOC LN 348,649 4,274,498 0.27
    Silvercorp Metals Inc SVM US 233,089 3,725,664 0.23
    Aya Gold & Silver Inc AYA CN 151,717 3,571,299 0.22
    West African Resources Ltd WAF AU 1,041,083 3,539,682 0.22
    Wanguo Gold Group Ltd 3939 HK 1,340,297 3,506,828 0.22
    Emerald Resources Nl EMR AU 572,043 3,329,290 0.21
    Resolute Mining Ltd RSG AU 2,067,635 3,080,776 0.19
    Lingbao Gold Co Ltd 3330 HK 538,872 2,821,850 0.18
    Hycroft Mining Holding Corp HYMC US 54,725 2,762,057 0.17
    Bellevue Gold Ltd BGL AU 1,582,720 2,548,179 0.16
    Drdgold Ltd DRD US 47,587 2,108,505 0.13
    Abrasilver Resource Corp ABRA CN 157,049 2,089,430 0.13
    Snowline Gold Corp SGD CN 142,710 2,039,246 0.13
    Southern Cross Gold Consolidated Ltd SX2 AU 209,006 1,933,306 0.12
    Americas Gold & Silver Corp USAS US 236,950 1,907,337 0.12
    I-80 Gold Corp IAUX US 806,188 1,869,051 0.12
    Ora Banda Mining Ltd OBM AU 1,467,014 1,826,432 0.11
    Catalyst Metals Ltd CYL AU 268,183 1,802,190 0.11
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 221,466 1,800,220 0.11
    Robex Resources Inc RXR AU 278,302 1,781,133 0.11
    Predictive Discovery Ltd PDI AU 2,169,376 1,778,888 0.11
    Vizsla Silver Corp VZLA US 363,727 1,744,129 0.11
    Mcewen Mining Inc MUX US 56,111 1,729,102 0.11
    Mineros Sa MSA CN 295,320 1,558,751 0.10
    Alkane Resources Ltd ALK AU 1,004,205 1,546,476 0.10
    Rupert Resources Ltd RUP CN 219,264 1,489,274 0.09
    Pantoro Gold Ltd PNR AU 396,849 1,452,467 0.09
    Collective Mining Ltd CNL CN 54,111 1,422,987 0.09
    Highlander Silver Corp HSLV CN 161,914 1,390,211 0.09
    Rio2 Ltd RIO CN 440,560 1,256,330 0.08
    Tongguan Gold Group Ltd 340 HK 2,070,089 1,232,360 0.08
    Kingsgate Consolidated Ltd KCN AU 266,735 1,221,646 0.08
    Orezone Gold Corp ORE CN 478,304 1,185,408 0.07
    Gogold Resources Inc GGD CN 399,256 1,150,966 0.07
    Santacruz Silver Mining Ltd SCZM US 93,636 1,096,206 0.07
    Elemental Royalty Corp ELE US 38,193 1,079,600 0.07
    G2 Goldfields Inc GTWO CN 181,239 1,056,219 0.07
    Galiano Gold Inc GAU US 276,491 1,039,155 0.06
    Gold Royalty Corp GROY US 187,909 1,006,583 0.06
    International Tower Hill Mines Ltd THM US 286,943 987,535 0.06
    Osisko Development Corp ODV US 202,004 968,642 0.06
    Dateline Resources Ltd DTR AU 2,222,636 955,733 0.06
    Dakota Gold Corp DC US 116,140 888,045 0.06
    Metalla Royalty & Streaming Ltd MTA US 77,817 763,098 0.05
    New Pacific Metals Corp NEWP US 120,231 754,852 0.05
    New Found Gold Corp NFGC US 251,825 732,502 0.05
    Andean Precious Metals Corp APM CN 71,796 539,765 0.03
    Other/Cash --   300,388 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 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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