SPDR Gold Shares
The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN · NET −$7.2B OVER THIS RANGE
Money keeps arriving — +$3.6B of net buying over the past month, about 2.5% of the fund's asset base, while the price has returned +3.5% so far this year. At 0.40% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | +1.8% |
| 1 month | +11.9% |
| 3 months | -1.5% |
| 6 months | -10.9% |
| YTD | +3.5% |
| 1 year | — |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$374M |
| 1 month | +$3.6B |
| 3 months | −$1.5B |
| YTD | −$6.3B |
| 1 year | +$7.7B |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat GLD on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| RING iShares MSCI Global Gold Miners ETF | 0.39% | $2.4B | −$386M | -1bp on fee | Head-to-head |
| SLVP iShares MSCI Global Silver and Metals Miners ETF | 0.39% | $978M | −$10M | -1bp on fee | Head-to-head |