Now available: a Mid-Cap Gold Tilt in Nucleus Direct Indexing

The gold boom has many investors asking for more precise ways to get exposure. Today we’re adding a Mid-Cap Gold tilt to our Direct Indexes—so you can target the part of the gold market that sits between physical bullion and the mega miners.

What is the Mid-Cap Gold tilt?

It’s a rules-based basket of ~a dozen listed gold producers from around the world that sit in the “middle” of the market by size. These companies typically have a handful of operating mines (rather than sprawling global portfolios) and more regional footprints than the mega-caps. Historically, in strong gold cycles, the largest miners have often acquired mid-cap producers, giving this segment additional M&A optionality alongside operational leverage to the gold price.

Why add this now?

• Gold is in focus. With renewed interest in the metal, investors are looking to dial exposure up or down with more control than an off-the-shelf ETF.

• Different drivers. Mid-caps can move differently to the mega-caps and to bullion, offering diversification across the gold complex.

• Potential takeout premium. M&A has been a recurring feature of past gold booms, and the mid-cap cohort is often the hunting ground.

Four ways to access gold in our Direct Indexes

 

You can mix any combination of the above to match your thesis—e.g., use hedged bullion for currency control, then layer mega-caps for stability and mid-caps for additional upside potential:

Key features (what makes our tilts different)

• Fractional shares: Deploy precise dollar amounts—even small contributions—without leaving cash uninvested.

• Baskets of individual stocks: You own the underlying constituent companies directly, not a pooled fund.

• Attractive tax treatment: Direct ownership enables better tax-loss harvesting opportunities and more control over the realisation of gains.

• No fixed ticket fees on trading: We don’t clip you with per-trade minimums that make small contributions inefficient.

What does that look like in practice?

Example: Add A$1,000 split between the Mega-Cap Gold tilt and the Mid-Cap Gold tilt.
Estimated trade cost: A$0.99.
Holdings created: around 20 stock (including fractional shares), so your contribution is fully invested rather than sitting in cash.

(Illustrative only; actual costs and holdings depend on live prices and your final allocation.)

How the Mid-Cap Gold basket is built

• Focused universe: Listed gold producers in the mid-cap range (not explorers).

• Quality and liquidity screens: Aimed at investability for ongoing contributions and rebalances.

• Rules-based weights: Designed to keep diversification sensible while preserving the segment’s thematic exposures.

• Periodic reviews: We monitor for corporate actions and re-balance regularly.

Where could it fit in a portfolio?

• Gold believers: Combine physical gold for core exposure with Mid-Cap Gold for added upside potential.

• Equity-tilted commodity views: Pair Mega-Cap Gold (stability, yield potential) with Mid-Cap Gold (growth/M&A angle).

• Currency views: Prefer AUD-hedged gold when you want to isolate the metal, then layer equities to express a stronger cycle view.

Risks to keep in mind

• Higher volatility: Mid-cap producers can be more volatile than mega-caps or bullion.

• Operational concentration: Fewer mines and more regional exposure means idiosyncratic risk (e.g., a single mine issue can matter more).

• Equity market risk: This is equity exposure, not bullion; stock prices reflect more than just the gold price.

Getting started

• Existing clients can add Mid-Cap Gold from the Tilts catalogue in their Direct Indexing settings.

• New to Nucleus Direct Indexing? Book a chat or open an account to tailor your gold exposure alongside the rest of your portfolio.