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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
      $124.54

      as at 28-May-26
    • Total Net Assets
      $1.45B
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.53%
    • Number of securities
      106
    • 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.
     AQTY 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 29-May-26 Download all holdings

    No. of holdings: 106
    Security name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Newmont Corp NEM US 1,211,601 184,914,384 12.57
    Agnico Eagle Mines Ltd AEM US 556,938 141,769,548 9.64
    Barrick Mining Corp B US 1,850,183 109,416,655 7.44
    Wheaton Precious Metals Corp WPM US 505,520 93,164,627 6.33
    Anglogold Ashanti Plc AU US 561,868 75,623,759 5.14
    Franco-Nevada Corp FNV US 213,428 68,433,408 4.65
    Kinross Gold Corp KGC US 1,331,209 55,838,618 3.80
    Gold Fields Ltd GFI US 1,003,532 55,595,252 3.78
    Zijin Mining Group Co Ltd 2899 HK 6,655,043 38,686,281 2.63
    Pan American Silver Corp PAAS US 469,609 37,196,686 2.53
    Coeur Mining Inc CDE US 1,125,910 30,232,912 2.06
    Royal Gold Inc RGLD US 94,288 29,417,330 2.00
    Northern Star Resources Ltd NST AU 1,536,992 28,910,820 1.97
    Evolution Mining Ltd EVN AU 2,243,124 27,231,525 1.85
    Alamos Gold Inc AGI US 466,832 26,472,196 1.80
    Endeavour Mining Plc EDV LN 242,844 20,900,732 1.42
    Hecla Mining Co HL US 737,249 18,208,359 1.24
    Harmony Gold Mining Co Ltd HMY US 710,008 18,028,972 1.23
    Iamgold Corp IAG US 655,224 16,282,703 1.11
    First Majestic Silver Corp AG US 543,325 15,918,402 1.08
    Equinox Gold Corp EQX US 843,328 15,870,272 1.08
    Cia De Minas Buenaventura Saa BVN US 282,820 14,500,666 0.99
    Fresnillo Plc FRES LN 205,429 12,646,561 0.86
    Dundee Precious Metals Inc DPM CN 239,170 11,172,478 0.76
    Or Royalties Inc OR US 208,427 10,721,172 0.73
    Oceanagold Corp OGC CN 249,780 10,493,737 0.71
    Lundin Gold Inc LUG CN 112,355 10,434,653 0.71
    Eldorado Gold Corp EGO US 220,120 10,349,770 0.70
    Zijin Gold International Co Ltd 2259 HK 447,479 10,292,238 0.70
    Triple Flag Precious Metals Corp TFPM US 223,230 9,828,945 0.67
    Ssr Mining Inc SSRM US 225,072 9,766,154 0.66
    B2gold Corp BTG US 1,402,707 9,279,896 0.63
    G Mining Ventures Corp GMIN CN 196,811 8,570,233 0.58
    Greatland Resources Ltd GGP AU 568,436 7,759,151 0.53
    Perseus Mining Ltd PRU AU 1,498,845 7,749,029 0.53
    Zhaojin Mining Industry Co Ltd 1818 HK 1,832,939 7,007,997 0.48
    Genesis Minerals Ltd GMD AU 1,187,288 6,957,508 0.47
    K92 Mining Inc KNT CN 263,724 6,859,530 0.47
    Torex Gold Resources Inc TXG CN 105,717 6,743,124 0.46
    Ramelius Resources Ltd RMS AU 2,093,628 6,741,482 0.46
    Capricorn Metals Ltd CMM AU 457,892 6,460,856 0.44
    Orla Mining Ltd ORLA US 337,332 6,287,174 0.43
    Pan African Resources Plc PAN SJ 2,225,472 5,695,283 0.39
    Aris Mining Corp ARMN US 223,824 5,639,929 0.38
    Centerra Gold Inc CGAU US 221,706 5,444,816 0.37
    Westgold Resources Ltd WGX AU 1,046,466 5,368,371 0.37
    Discovery Silver Corp DSV CN 581,665 5,041,130 0.34
    Regis Resources Ltd RRL AU 816,736 4,998,424 0.34
    Seabridge Gold Inc SA US 101,521 4,812,899 0.33
    Vault Minerals Ltd VAU AU 1,138,268 4,780,726 0.33
    Perpetua Resources Corp PPTA US 126,026 4,741,520 0.32
    Fortuna Silver Mines Inc FSM US 337,690 4,721,558 0.32
    Wesdome Gold Mines Ltd/Canada WDO CN 167,302 4,721,233 0.32
    Skeena Resources Ltd SKE US 111,091 4,672,152 0.32
    Endeavour Silver Corp EXK US 328,986 4,558,708 0.31
    Montage Gold Corp MAU CN 267,358 4,518,245 0.31
    Shandong Gold Mining Co Ltd 1787 HK 1,062,686 4,492,710 0.31
    Aya Gold & Silver Inc AYA CN 153,304 4,488,619 0.31
    Novagold Resources Inc NG US 374,882 4,465,238 0.30
    Aura Minerals Inc AUGO US 39,259 4,216,182 0.29
    Silvercorp Metals Inc SVM US 235,528 4,147,519 0.28
    Hochschild Mining Plc HOC LN 352,297 4,062,376 0.28
    Allied Gold Corp AAUC US 109,242 3,973,402 0.27
    Emerald Resources Nl EMR AU 578,029 3,421,932 0.23
    West African Resources Ltd WAF AU 1,051,978 3,334,770 0.23
    Predictive Discovery Ltd PDI AU 4,402,984 3,258,208 0.22
    Abrasilver Resource Corp ABRA CN 158,693 2,949,234 0.20
    Resolute Mining Ltd RSG AU 2,089,272 2,684,715 0.18
    Wanguo Gold Group Ltd 3939 HK 1,354,323 2,620,259 0.18
    Hycroft Mining Holding Corp HYMC US 55,298 2,540,096 0.17
    Bellevue Gold Ltd BGL AU 1,599,282 2,430,909 0.17
    Rupert Resources Ltd RUP CN 221,558 2,302,430 0.16
    Snowline Gold Corp SGD CN 144,203 2,239,106 0.15
    Americas Gold & Silver Corp USAS US 239,430 2,049,880 0.14
    Southern Cross Gold Consolidated Ltd SX2 AU 211,193 2,042,236 0.14
    Ora Banda Mining Ltd OBM AU 1,482,365 2,023,428 0.14
    Vizsla Silver Corp VZLA US 367,534 1,981,976 0.13
    G2 Goldfields Inc GTWO CN 183,135 1,856,946 0.13
    I-80 Gold Corp IAUX US 814,624 1,834,178 0.12
    Drdgold Ltd DRD US 48,085 1,764,342 0.12
    Mineros Sa MSA CN 298,410 1,743,226 0.12
    Mcewen Mining Inc MUX US 56,698 1,724,975 0.12
    Kingsgate Consolidated Ltd KCN AU 269,526 1,638,718 0.11
    Lingbao Gold Co Ltd 3330 HK 544,511 1,570,089 0.11
    Alkane Resources Ltd ALK AU 1,014,714 1,501,777 0.10
    Rio2 Ltd RIO CN 445,171 1,432,780 0.10
    Gogold Resources Inc GGD CN 403,434 1,412,420 0.10
    Catalyst Metals Ltd CYL AU 270,990 1,409,148 0.10
    Highlander Silver Corp HSLV CN 163,608 1,246,273 0.08
    Collective Mining Ltd CNL CN 54,677 1,237,359 0.08
    Orezone Gold Corp ORE CN 483,310 1,228,820 0.08
    Chifeng Jilong Gold Mining Co Ltd 6693 HK 223,784 1,216,742 0.08
    Pantoro Gold Ltd PNR AU 401,002 1,203,006 0.08
    International Tower Hill Mines Ltd THM US 289,946 1,092,083 0.07
    Santacruz Silver Mining Ltd SCZM US 94,616 1,071,745 0.07
    Elemental Royalty Corp ELE US 38,592 956,888 0.07
    Dakota Gold Corp DC US 117,355 939,492 0.06
    Galiano Gold Inc GAU US 279,385 900,866 0.06
    Metalla Royalty & Streaming Ltd MTA US 78,632 858,996 0.06
    Gold Royalty Corp GROY US 189,876 857,675 0.06
    New Pacific Metals Corp NEWP US 121,490 834,136 0.06
    Tongguan Gold Group Ltd 340 HK 2,091,752 797,528 0.05
    Osisko Development Corp ODV US 204,118 794,344 0.05
    New Found Gold Corp NFGC US 254,460 735,617 0.05
    Andean Precious Metals Corp APM CN 72,548 488,949 0.03
    Dateline Resources Ltd DTR AU 2,251,790 405,322 0.03
    Other/Cash --   1,986,302 0.14
    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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