Gold ETFs to capture the performance and resilience of gold in a single trade

¹Bloomberg Finance L.P. & State Street Global Advisors, data as of July 16, 2025. SPDR Gold Trust commenced operations on November 18, 2004. Note SPDR Gold Trust AUM is $101.25 billion and 180-day average daily trading volume is $2.6 billion. 180-day average daily trading volume includes 180 trading days.
² This figure is presented as of June 30, 2025 and includes ETF AUM of $1,689.83 billion USD of which approximately $116.05 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.
³ Bloomberg Finance, L.P., as of April 10, 2025. Average 30-day notional dollar trading volume used to determine liquidity.

Commodities
A basic good used in commerce that is interchangeable, or “fungible,” with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. For example, crude oil is a commodity that is used to make motor fuels, heating oil and lubricants.

Liquidity
The ability to quickly buy or sell an investment in the market without impacting its price. Trading volume is a primary determinant of liquidity.
 

Hong Kong: State Street Global Advisors Asia Limited, 68/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong. T: +852 2103-0288. F: +852 2103- 0200.

SPDR® Gold Trust (the “Trust”) is an exchange traded fund designed to track the price of gold (net of Trust expenses).

The value of the gold held by the Trust is determined using the LBMA Gold Price PM. For further information and risks regarding the LBMA Gold Price PM, please refer to the offering documents.

Investment involves risks, in particular, investing in one single commodity asset class. Fluctuation in the price of gold may materially adversely affect the value of the Trust. Investors may lose part or all of their investment.

The trading price of the shares may be different from the underlying NAV per share.

The Trust may not be suitable for all investors. Investors should not invest based on this marketing material only. Investors should read the Trust’s prospectus, including the risk factors, take into consideration of the product features, their own investment objectives, risk tolerance level etc. and seek independent financial and professional advices as appropriate prior to making any investment.

SPDR® Gold Shares are traded on the exchange at market price, which may be different from the net asset value of the SPDR® Gold Trust.

There can be no assurance that a liquid market will be maintained for ETF shares.

Diversification does not ensure a profit or guarantee against loss.

Investing in commodities entail significant risk and is not appropriate for all investors. Commodities investing entail significant risk as commodity prices can be extremely volatile due to wide range of factors. A few such factors include overall market movements, real or perceived inflationary trends, commodity index volatility, international, economic and political changes, change in interest and currency exchange rates.

There are risks associated with investing in Real Assets and the Real Assets sector, including real estate, precious metals and natural resources. Investments can be significantly affected by events relating to these industries.

Investors have no right to request the Trust’s sponsor to redeem their shares while the shares are listed. It is intended the holders of the shares may only deal in their shares through trading on the Stock Exchange of Hong Kong Limited (“SEHK”). Redemption of shares can only be executed in substantial size through authorized participants. Listing of the shares on the SEHK does not guarantee a liquid market for the shares, and the shares may be delisted from the SEHK.

This website is issued by State Street Global Advisor Asia Limited and has not been reviewed by the Securities and Futures Commission.