# VanEck Gold Miners UCITS ETF Accum A USD (GDGB) **Page:** https://fundology.uk/fund/gdgb · ISIN IE00BQQP9F84 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, GDGB (VanEck Gold Miners UCITS ETF Accum A USD, ISIN IE00BQQP9F84) closed at £70.28 on the London Stock Exchange. Its ongoing charge is 0.53% a year (about £53 on £10,000). Over the five years to 13/11/2026 its total return was +172.2%, or +112.5% after UK CPIH inflation. ## Summary VanEck Gold Miners UCITS ETF Accum A USD is an exchange-traded fund (ETF) from VanEck, launched in 2015. It tracks the NYSE Arca Gold Miners — the price of gold. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.53% a year — about £53 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£70.28** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GDGB | | ISIN | IE00BQQP9F84 | | Also listed as | GDX (London Stock Exchange, US dollars), G2X (Xetra, euros) | | Category | Single sectors | | Type | ETF | | Provider | VanEck | | Tracks | NYSE Arca Gold Miners | | Income | Accumulating | | Ongoing charge | 0.53% a year (£53 per £10,000) | | Fund size | £3.3bn | | Launched | 2015 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2015 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +11.67% | +7.71% | income reinvested | | 3 years | +202.75% | +173.52% | income reinvested | | 5 years | +172.20% | +112.46% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of VanEck Gold Miners UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund): 2022 +3.0%, 2023 +3.7%, 2024 +16.5%, 2025 +120.6%; 2026 to 13/11/2026 +0.4%. Returns of VanEck Gold Miners UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +17.1%; to 30/09/2025: +90.1%; to 30/09/2024: +40.1%; to 30/09/2023: +2.0%; to 30/09/2022: +3.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +3.0% | -5.7% | Price | | 2023 | +3.7% | -0.4% | Price | | 2024 | +16.5% | +12.5% | Price | | 2025 | +120.6% | +113.0% | Price | | 2026 to 13/11/2026 | +0.4% | -2.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 51.88% | -38.13% | | 3 years | 38.92% | -38.13% | | 5 years | 35.91% | -38.13% | ## Largest fall Volatility of VanEck Gold Miners UCITS ETF Accum A USD in pounds, annualised from weekly returns to 13/11/2026: 51.9% over 1 year, 38.9% over 3 years, 35.9% over 5 years. Largest fall in the price of VanEck Gold Miners UCITS ETF Accum A USD since November 2021, in pounds: −38.1% from 27/02/2026 to 17/07/2026. The lowest 12-month return of VanEck Gold Miners UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund) since January 2021 was −20.8% (12 months to 10/03/2023); the highest was +176.3% (12 months to 27/02/2026). On 13/11/2026 the price of VanEck Gold Miners UCITS ETF Accum A USD was 27.4% below its highest weekly close since November 2021 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of VanEck Gold Miners UCITS ETF Accum A USD 0.53% a year. Compared on 14/11/2026, 41 of the 164 other single-sector funds charge more, 0 the same and 123 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.53%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 13/11/2026, GDGB holds 60 positions, according to its published holdings. The largest is Newmont at 11.55% of the fund; the ten largest make up 60.4%. ### Top holdings Largest positions (as of 13/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Newmont | [NEM](https://fundology.uk/stock/NEM) | 11.55% | | 2 | Agnico Eagle Mines | [AEM](https://fundology.uk/stock/AEM) | 11.43% | | 3 | Barrick Mining | [ABX](https://fundology.uk/stock/ABX) | 7.87% | | 4 | Wheaton Precious Metals | [WPM](https://fundology.uk/stock/WPM) | 5.83% | | 5 | Franco-Nevada | [FNV](https://fundology.uk/stock/FNV) | 5.65% | | 6 | AngloGold Ashanti | [AU](https://fundology.uk/stock/AU) | 4.89% | | 7 | Gold Fields | [GFI](https://fundology.uk/stock/GFI) | 4.01% | | 8 | Kinross Gold | [K](https://fundology.uk/stock/K) | 3.53% | | 9 | Northern Star Resources | [NST](https://fundology.uk/stock/NST) | 3.22% | | 10 | Pan American Silver | [PAAS](https://fundology.uk/stock/PAAS) | 2.39% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 06/11/2026. | Country | Weight | |---|---| | Canada | 51.2% | | United States | 22.3% | | Australia | 8.6% | | Brazil | 5.7% | | South Africa | 5.0% | | Mexico | 2.3% | | China | 1.7% | | United Kingdom | 1.6% | | Other countries | 1.6% | All 60 holdings: https://fundology.uk/fund/gdgb/holdings ## Questions people ask **What is the ongoing charge of GDGB?** The ongoing charge of GDGB is 0.53% a year — about £53 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of VanEck Gold Miners UCITS ETF Accum A USD 0.53% a year. Compared on 14/11/2026, 41 of the 164 other single-sector funds charge more, 0 the same and 123 less (share classes counted once). **What does GDGB track?** GDGB tracks the NYSE Arca Gold Miners — the price of gold. **Is GDGB accumulating or distributing?** GDGB is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of GDGB?** The ISIN of GDGB is IE00BQQP9F84. An ISIN identifies one exact share class of a fund; GDGB is its ticker on the London Stock Exchange. The same share class is also listed as GDX (London Stock Exchange, US dollars) and G2X (Xetra, euros). **What does GDGB hold?** As of 13/11/2026, GDGB holds 60 positions, according to its published holdings. The largest is Newmont at 11.55% of the fund; the ten largest make up 60.4%. Its ten largest holdings are Newmont (11.55%), Agnico Eagle Mines (11.43%), Barrick Mining (7.87%), Wheaton Precious Metals (5.83%), Franco-Nevada (5.65%), AngloGold Ashanti (4.89%), Gold Fields (4.01%), Kinross Gold (3.53%), Northern Star Resources (3.22%) and Pan American Silver (2.39%). **What were GDGB’s returns in each of the last five years?** Calendar-year returns of GDGB in pounds (price, with income reinvested in the fund): 2022 +3.0%, 2023 +3.7%, 2024 +16.5%, 2025 +120.6%; 2026 to 13/11/2026 +0.4%. Past performance is not a guide to future returns. **How has GDGB done after inflation?** Over the five years to 13/11/2026 GDGB’s total return was +172.2%, or +112.5% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.