The Fund gives investors exposure to securities of companies involved in the gold mining industry.

GDX aims to provide investment returns before fees and other costs which track the performance of its Reference Index in Australian dollars.

Van Eck Associates Corporation is a privately held global asset management firm founded in New York in 1955. The firm was among the first US money managers helping investors achieve greater diversification through global investing. Today VanEck is recognised for being a pioneer in global markets and for drawing on its experience to offer innovative solutions. VanEck’s mission is to offer investors intelligently designed investment strategies that take advantage of targeted market opportunities.

The Fund provides investors with:

• cost effective and easy access to a diversified portfolio of  international shares via a single trade on ASX;
• transparency of holdings, pricing and performance;
• flexibility of intraday ASX trading capability; and
• no foreign paperwork.

Compared to unlisted actively managed funds, investors benefit from:

• trading via live prices on ASX;
• potentially lower costs;
• liquidity;
• transparency and intraday trading.

This product is likely to be appropriate for a consumer seeking capital growth to be used as a satellite component within a portfolio where the consumer has a medium or long investment timeframe and needs daily access to capital.

About the Fund

The VanEck Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The Index is intended to track the overall performance of companies involved in the gold mining industry.

The NYSE Arca Gold Miners Index is a modified market-capitalisation weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The weight of companies whose revenues are more significantly exposed to silver mining will not exceed 20% of the Gold Miners Index. 

How we invest your money

To achieve this investment objective, GDX employs a passive management strategy of investing in the NYSE-listed GDX issued and operated by VanEck in the United States.

Effective market open on 13 May 2022, GDX will be physically replicating the Reference Index by investing directly in the securities that comprise the Reference Index, in proportion to their relative weightings in the Reference Index.

As a result, effective market open on 13 May 2022, any references to the “feeder fund” structure in the Product Disclosure Statement dated 30 August 2019 in relation to GDX should read as references to a physical replication strategy of investing directly in the securities that comprise the Reference Index.