ASX-listed · AUD-settled · FIF-eligible (above NZ$50K)
VanEckGDX.AXVanEck Gold Miners ETF (ASX-listed)
ASX-listed Australian wrapper around the VanEck Gold Miners portfolio. Tracks ~50 large + mid-cap global gold mining companies.
Updated Reviewed quarterly
About this fund
What is GDX.AX?
GDX.AX is the ASX ticker for VanEck Gold Miners ETF (ASX-listed), issued by VanEck (Australian-domiciled). ASX-listed Australian wrapper around the VanEck Gold Miners portfolio. Tracks ~50 large + mid-cap global gold mining companies. TER is 0.53% per year, with a trailing 12-month distribution yield of approximately 1.2%. Distributions paid annual in AUD.
Next typical distribution: December.GDX typically pays in Dec. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy GDX from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Interactive BrokersInteractive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | Larger NZX and ASX trades, and sponsored NZ holdings in your own name |
 ASB SecuritiesASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 5 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax
How is GDX.AX taxed for NZ investors?
ASX-listed ETFs are non-NZ-domiciled, so they sit in the Foreign Investment Fund (FIF) regime once your overseas-share holdings exceed NZ$50,000 cost basis. Below that threshold, you pay tax on dividends only. Above it, most NZ investors use the Fair Dividend Rate (FDR) method — deemed income = 5% × opening market value × your marginal tax rate.
Distributions are paid in AUD. Australian withholding tax applies under the NZ-Australia tax treaty (typically 15% with a TFN supplied to your broker). It can be claimed as a foreign tax credit on your IR3 — the same treatment as US withholding on FIF-taxed holdings.
Currency exposure: GDX.AX settles in AUD. NZ residents face NZD/AUD currency variance when valuing positions in NZD, and (for AU-domiciled funds investing in non-AUD assets) further AUD-vs-underlying-currency variance inside the fund.
ASX-listed ETFs do NOT carry the NZ PIE-fund tax advantages — that structure is only available on NZX-listed Smartshares + Kernel funds. See PIE vs FIF for the comparison and consult a registered NZ tax adviser for personalised guidance.
FAQ
Common questions about GDX.AX
What is GDX.AX?⌄
GDX.AX is the VanEck Gold Miners ETF (ASX-listed) — Australian wrapper around the same underlying portfolio as the US-listed GDX. Tracks the NYSE Arca Gold Miners Index, holding ~50 large- and mid-cap global gold mining companies (Newmont, Barrick, Agnico Eagle, Franco-Nevada, etc). TER is 0.53%, distributions paid annually. Yield ~1.2%. Settles in AUD on the ASX.
GDX.AX vs GDX (US-listed) — which one?⌄
Same underlying portfolio. GDX.AX is ASX-listed at 0.53% TER with annual AUD distributions; US-listed GDX is at 0.51% TER with annual USD distributions. Holdings are essentially identical. For NZ investors who already trade ASX, GDX.AX is convenient. For NZ investors with USD positions or AUD-FX-cost concerns, US-listed GDX may be marginally cheaper. From a NZ-tax view, both are FIF; both attract foreign withholding (NZ-AU treaty for ASX, NZ-US treaty for US-listed).
GDX.AX vs IAU.AX or physical gold ETFs on the ASX?⌄
GDX.AX holds gold MINING COMPANIES — operational leverage on the gold price. Physical-gold ETFs on the ASX (PMGOLD, GOLD, QAU) hold actual bullion. Miners typically amplify gold-price moves both ways (10% rise in gold can produce 15-25% rise in miners; conversely on the downside) and carry company-specific risk that bullion doesn't. GDX.AX is the higher-volatility, higher-leverage choice in the gold-exposure space.
How is GDX.AX taxed for NZ residents?⌄
Above NZ$50,000 cost basis FIF rules apply (FDR method most common). Annual AUD distributions carry 15% Australian withholding (under NZ-AU treaty with TFN supplied). The fund holds non-AU mining companies, so distributions don't carry Australian franking credits.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
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Compare
GDX against the alternatives
2 side-by-side comparisons covering fee, yield and NZ tax wrapper. Characteristics, not recommendations.
| Comparison | The other fund | Its TER |
|---|---|---|
| GDX vs GLD | GLD | 0.40% |
| GDX vs GDXJ | GDXJ | 0.52% |
Related ETFs and resources
GDX — VanEck Gold Miners (US-listed)
US-listed sibling at 0.51% TER, USD-settled.
GLD — SPDR Gold Shares (physical bullion)
Lower-volatility physical gold alternative.
IAU — iShares Gold Trust (physical bullion)
iShares low-cost physical gold (US-listed).
SIVR — Aberdeen Physical Silver
Silver counterpart for diversifying precious-metals exposure.
NZ investment platforms compared
Which brokers support ASX from NZ.
