Key Highlights

  • The fund invests directly in Australian-origin gold and lists spot physical gold at 100.09%.
  • The management fee is 0.14% and the fund size is $248.86 million.
  • The fund reports a standard deviation of 22.25 and pays no distributions.
  • The issuer lodged a Management Fee Reduction notice on 24 August 2026.

VanEck Gold Bullion ETF (ASX:NUGG) employs a passive management strategy of investing directly in Australian-origin gold. The fund was admitted to the ASX on 7 December 2022 and last traded at $59.69 on 13 October 2026. It reports a fund size of $248.86 million.

Detail

Information

Ticker

ASX:NUGG

Fund

VanEck Gold Bullion ETF

Category

Commodities & Precious Metals

Fund size

$248.86 million

Management fee

0.14%

Units on issue

4,179,787

Holding

Spot Physical Gold (Au), 100.09%

ASX admission date

7 December 2022

Structure

The fund lists one holding, spot physical gold, at 100.09% of net assets. The asset-allocation table classifies the portfolio as 100.00% cash, an artefact of how physical metal is categorised, and shows no stocks or bonds.

Because the exposure is gold alone, the fund carries no sector, country or market-capitalisation weightings. No benchmark is listed for the fund, and the 52-week price range runs from $56.35 to $78.64.

Category

Morningstar places the fund in the Commodities and Precious Metals category, whose funds hold direct positions or derivative securities that provide exposure to changes in the price of soft or hard commodities, including precious metals.

Funds in the category do not receive a Morningstar rating because their constituents can differ widely.

Fee and risk measures

The management fee is 0.14% a year, and the issuer announced a management fee reduction on 24 August 2026. The fund reports a beta of 0.02 and a standard deviation of 22.25, which indicates little correlation with equity markets but sizeable price variation of its own.

The fund pays no distributions, so any change in value comes from movements in the gold price, net of the fee, rather than from income.

Category classification and liquidity

Morningstar places the fund in the Commodities & Precious Metals category, which covers funds investing primarily in direct holdings or derivative securities that provide exposure to changes in the price of soft or hard commodities, including precious metals.

Liquidity indicators add a further view. There are 4,179,787 units on issue, and average daily trading volume is 13,660 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 4,100 to 80,700 units, with 5,442 recorded on 13 October while the market was still open. The bid-offer range stood at $59.50 to $61.00, and the day range at $59.16 to $59.70. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged Issued Units Outstanding as at 30 September 2026 on 7 October and the Annual Report for the year ended 30 June 2026 on 28 September. Unit notices followed for August and July, and the Management Fee Reduction notice on 24 August.

Closing Perspective

NUGG provides direct gold exposure at a 0.14% fee, with no income and a 22.25 standard deviation. Trading volume varies widely from day to day, from 4,100 units to 80,700 units over the five sessions to 13 October. These facts describe the structure and do not forecast outcomes.