VanEck - Gold Miners ETF
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- VanEck Gold Miners ETF (GDX.AX) is an exchange-traded fund that provides investors with exposure to a diversified portfolio of global large- to mid-cap companies involved in the gold mining industry; it tracks the performance of the NYSE Arca Gold Miners Index (for the Australian listing), prior to fees and costs, through a full replication strategy holding approximately 81 securities primarily in the materials sector. The ETF's holdings include leading gold producers and related entities such as Agnico Eagle Mines Ltd, Newmont Corp, Barrick Gold Corp, AngloGold Ashanti Plc, Kinross Gold Corp, Gold Fields Ltd, Northern Star Resources Ltd, Pan American Silver Corp, Wheaton Precious Metals Corp, and Franco-Nevada Corp, with significant geographic diversification across Canada (approximately 46%), United States (18%), Australia (11%), South Africa (7%), Brazil (4%), Mexico (3%), and other regions including Indonesia, Burkina Faso, the United Kingdom, China, Turkey, and Peru. Launched on the ASX on June 26, 2015, the ETF is managed by VanEck Australia and domiciled in Australia with total net assets of approximately A$1.46 billion as of December 2025; it pays annual distributions with a management fee of 0.53% p.a. and targets investors seeking capital growth, income, and a hedge against inflation and market volatility through gold mining equities. In September 2025, the ETF underwent a significant index rebenchmarking for its U.S. counterpart (GDX US), transitioning from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index after market close on September 19, 2025, which expanded exposure to include silver mining, royalty, and streaming companies globally while adjusting weightings away from pure market-cap methodology; this change resulted in minor portfolio adjustments, such as updated stock weightings and primary listings for multi-listed companies, with high anticipated overlap in holdings with VanEck's Junior Gold Miners ETF (GDXJ). The Australian GDX.AX listing continues to align with gold miners focus but benefits from the broader VanEck ecosystem enhancements. No major acquisitions, funding rounds, or name changes have been reported for GDX.AX in the last 1-2 years, though unit issuances reflect ongoing investor demand, with over A$1.44 billion in issued units as of late 2024.