GDX AU
GDX ETF: A Guide to Vaneck Gold Miners ETF
Price data last refreshed:
Overview
The VanEck Gold Miners ETF (GDX) offers Australian investors access to a portfolio centred on gold-mining companies, with some exposure to related precious-metals businesses. Its largest holdings include major global miners, while the portfolio’s top ten positions make up a substantial share of assets. That concentration, alongside sector-specific and currency risks, is central to understanding the fund.
Category
Gold-miner ETFs provide exposure to companies involved in extracting gold and, in some cases, related precious-metals businesses. Their share prices can respond to gold-market conditions, but also depend on each company’s costs, operations and financial position. As a result, miner shares can behave differently from the metal itself.
The supplied performance figures show mixed periods: returns were -2.443% year to date and 10.368% over one year, while the three-, five- and ten-year figures were 45.676%, 28.266% and 16.761%, respectively. This contrast illustrates how results for a sector-focused fund can vary across measurement periods; past performance does not indicate future results.
Top Australian Brokers
- Pepperstone - Top Australian broker - Read our review
- eToro - Invest in ASX and international shares - Read our review
Key facts
- Ticker
- GDX
- Exchange
- AU
- ISIN
- AU000000GDX6
- Provider
- VanEck Investments Limited
- Domicile
- Australia
- Currency
- AUD
- Inception date
- 2015-06-24
- Use of income
- Annually
- UCITS
- No
Costs
- TER
- 0.00%
- Ongoing charge
- 0.00%
- Net expense ratio
- 0.00%
- AUM
- 1.5B
The supplied profile displays a 0% total expense ratio and a 0% ongoing charge. Investors may wish to confirm the current costs in the fund’s official product documents before making comparisons.
Performance
- YTD
- -2.4%
- 1 year
- 10.4%
- 3 years
- 45.7%
- 5 years
- 28.3%
- 10 years
- 16.8%
- Dividend yield
- 16.52%
- Top 10 concentration
- 58.1%
Holdings
-
Newmont Goldcorp Corp10.36%
-
Agnico Eagle Mines Limited10.30%
-
Barrick Gold Corp7.22%
-
Wheaton Precious Metals Corp5.85%
-
AngloGold Ashanti plc5.58%
-
Franco-Nevada Corporation4.86%
-
Kinross Gold Corp4.48%
-
Gold Fields Ltd ADR4.13%
-
Pan American Silver Corp2.75%
-
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio is concentrated: its ten largest holdings account for 58.079% of assets. Newmont and Agnico Eagle Mines are the largest listed positions, followed by Barrick Gold. Northern Star Resources provides Australian company exposure, while most of the other displayed top holdings are based in North America.
Sectors
-
Basic Materials100.0%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
GDX may interest investors researching listed gold miners and related precious-metals businesses. Its concentrated exposure to this industry means it differs from a broad share-market ETF. Whether it fits depends on an investor’s objectives, financial situation and needs.
Key risks
Gold-mining shares can be affected by gold prices, operating costs, production problems, project risks, regulation and broader share-market conditions. The portfolio’s concentration in a small group of large holdings can also magnify company-specific effects. For Australian investors, overseas holdings may introduce currency movements. The displayed 16.517% dividend yield should not be treated as a forecast or guaranteed income.
FAQ
What does the VanEck Gold Miners ETF invest in?
Its listed holdings are primarily gold-mining and precious-metals companies, including Newmont, Agnico Eagle Mines and Barrick Gold.
Does GDX track a benchmark index?
Is the displayed dividend yield guaranteed?
No. A displayed yield is not a promise of future distributions, which can vary.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
