Goldman Sachs Physical Gold ETF SharesGoldman Sachs Physical Gold ETF SharesGoldman Sachs Physical Gold ETF Shares

Goldman Sachs Physical Gold ETF Shares

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Key stats


Assets under management (AUM)
‪954.09 M‬USD
Fund flows (1Y)
‪179.55 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.3%

About Goldman Sachs Physical Gold ETF Shares


Issuer
The Goldman Sachs Group, Inc.
Brand
Goldman Sachs
Expense ratio
0.18%
Home page
Inception date
Jul 26, 2018
Index tracked
LBMA Gold Price PM ($/ozt)
Management style
Passive
AAAU is an efficient option for investors seeking exposure to physical gold. At launch, AAAUs shares corresponded to 1/100th of an ounce of gold (though this will decrease over time due to expenses). This low handle should be helpful for those investors placing small orders but could be a deal-breaker for those paying per-share commissions. The daily NAV of the fund is determined using the LBMA PM Gold Price, so the fund has an extremely close relationship with spot prices. Its structure as a grantor trust protects investors, trustees cannot lend the gold bars. However, taxes on long-term gains can be steep, as AAAU is deemed a collectible by the IRS. GSAM acquired this fund on December 14, 2020, from Cottonwood ETF Holdings and changed the fund name from Perth Mint Physical Gold ETF. After the acquisition, the ETF lost its convertibility feature that allowed investors to exchange shares for delivery of physical gold in the form of gold coins and bars.

Classification


Asset Class
Commodities
Category
Precious metals
Focus
Gold
Niche
Physically held
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 8, 2024
Exposure type
Bonds, Cash & Other
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows