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 recently established 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.
NAV per Unit
Market value of a mutual fund's or ETF's total assets, minus liabilities, divided by the number of shares outstanding.
HKD $1,292.25
as of 21 Sep 2021
Delayed by 10-15 seconds. The Estimated NAV per Unit should not be viewed as the actual NAV per Unit. The estimated NAV per Unit is provided for reference purposes only and may differ from the actual NAV per Unit calculated in accordance with the Trust Deed.
as of
USD
HKD $444,533.00 M
as of 21 Sep 2021
The ongoing charges figure is based on expenses for the 12 month period ended 31 December 2020. The figure may vary from year to year. The ongoing charges figure is an annual figure calculated by adding the applicable charges and payments deducted from the assets of the Trust and then dividing by the NAV for the year attributable to the relevant share class.
0.40%
Key Features
The Shares are intended to offer investors a means of participating in the gold bullion market through the trading of a security on a regulated stock exchange.
Key Attributes:
1. Easily accessible – listed on the Hong Kong Stock Exchange
2. Secured – The Shares represent fractional, undivided interests in the Trust, the sole assets of which are physical gold and, from time to time, cash.
3. Cost-effective – Transaction costs related to the Shares are generally lower than costs associated with the purchase, storage and insurance of physical gold.
4. Transparent – The price, holdings and net asset value of the Shares, as well as market data for overall gold bullion market, can be tracked at www.spdrgoldshares.com.
5. Flexible – The Shares are listed on the Hong Kong Stock Exchange (2840.HK) and trade in the same way ordinary stocks do. It is possible to buy or sell the shares continuously throughout the trading day.
Fund Objective
The investment objective of SPDR® Gold Trust (the "Trust") is for the shares of the Trust (the "Shares") to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust is a standalone investment trust formed under New York law. The Trust is an ETF which holds gold bullion. The Shares are primarily traded on NYSE Arca, Inc. ("NYSE Arca") and are also traded on the Stock Exchange of Hong Kong Limited ("SEHK").
| Reference Benchmark Effective March 20, 2015, the SPDR Gold Trust (2840) adopted the LBMA Gold Price PM as the reference benchmark price of gold in calculating the Net Asset Value (NAV) of the Trust. Prior to that date, the Trust used the London PM Fix as the reference benchmark price in calculating the NAV. |
Inception Date | Ongoing Charges (per annum) The ongoing charges figure is based on expenses for the 12 month period ended 31 December 2020. The figure may vary from year to year. The ongoing charges figure is an annual figure calculated by adding the applicable charges and payments deducted from the assets of the Trust and then dividing by the NAV for the year attributable to the relevant share class. |
Board Lot Size | Base Currency | Domicile Location | Registration Locations |
|---|---|---|---|---|---|---|
| LBMA Gold Price PM | 18 Nov 2004 | 0.40% | 5 shares | USD | United States | Hong Kong, Singapore, United States |
| Reference Benchmark Effective March 20, 2015, the SPDR Gold Trust (2840) adopted the LBMA Gold Price PM as the reference benchmark price of gold in calculating the Net Asset Value (NAV) of the Trust. Prior to that date, the Trust used the London PM Fix as the reference benchmark price in calculating the NAV. |
LBMA Gold Price PM |
| Inception Date | 18 Nov 2004 |
| Ongoing Charges (per annum) The ongoing charges figure is based on expenses for the 12 month period ended 31 December 2020. The figure may vary from year to year. The ongoing charges figure is an annual figure calculated by adding the applicable charges and payments deducted from the assets of the Trust and then dividing by the NAV for the year attributable to the relevant share class. |
0.40% |
| Board Lot Size | 5 shares |
| Base Currency | USD |
| Domicile Location | United States |
| Registration Locations | Hong Kong, Singapore, United States |
| Structure | Replication Method | Distribution Frequency | Trustee | |||
|---|---|---|---|---|---|---|
| Continuously offered investment trust | Physically-backed | No dividend will be paid | BNY Mellon Asset Servicing, a division of The Bank of New York Mellon |
| Structure | Continuously offered investment trust |
| Replication Method | Physically-backed |
| Distribution Frequency | No dividend will be paid |
| Trustee | BNY Mellon Asset Servicing, a division of The Bank of New York Mellon |
Listing Information as of 22 Sep 2021
| Exchange | Trading Currency | Listing Date | Stock Code | SEDOL Code | Bloomberg Code | ISIN |
|---|---|---|---|---|---|---|
| The Stock Exchange of Hong Kong Limited | HKD | 31 Jul 2008 | 2840 | B3B85M0 | 2840 HK | US78463V1070 |
| Exchange | The Stock Exchange of Hong Kong Limited |
| Trading Currency | HKD |
| Listing Date | 31 Jul 2008 |
| Stock Code | 2840 |
| SEDOL Code | B3B85M0 |
| Bloomberg Code | 2840 HK |
| ISIN | US78463V1070 |
INAV
| Estimated NAV per Unit at 4PM, Hong Kong as of | Estimated NAV per Unit as of (Updated every 15 seconds) |
|---|---|
| INAV TICKER | CURRENCY | INAV |
|---|
| Estimated NAV per Unit at 4PM, Hong Kong as of | |
| Estimated NAV per Unit as of (Updated every 15 seconds) |
| INAV TICKER |
| CURRENCY |
| INAV |
Delayed by 10-15 seconds. The Estimated NAV per Unit should not be viewed as the actual NAV per Unit. The estimated NAV per Unit is provided for reference purposes only and may differ from the actual NAV per Unit calculated in accordance with the Trust Deed.
| NAV (in gold oz) Per Basket | NAV Per Basket (HKD) | |
|---|---|---|
| 9,351.43 | HKD $129,224,708.35 |
| NAV (in gold oz) Per Basket | 9,351.43 |
| NAV Per Basket (HKD) | HKD $129,224,708.35 |
| Bid/Ask Bid/Ask The bid/ask mid point is the average of the last bid and ask price where: The bid price is the price a prospective buyer is prepared to pay at a particular time for trading a unit of given security and The ask price is the price at which someone who owns a security offers to sell it; also known as the asked price. |
Closing Price | Day High | Day Low | Exchange Volume (HKD) | Exchange Volume (Shares) The Exchange Volume represents the volume of shares traded on the Stock Exchange of Hong Kong throughout the previous business day. |
30 Day Average Exchange Volume (HKD) |
|---|---|---|---|---|---|---|
| HKD $1,281.50 | HKD $1,281.50 | HKD $1,285.50 | HKD $1,280.00 | HKD $13,070,624 | 10,191 | HKD $18,510,453.87 |
| Bid/Ask Bid/Ask The bid/ask mid point is the average of the last bid and ask price where: The bid price is the price a prospective buyer is prepared to pay at a particular time for trading a unit of given security and The ask price is the price at which someone who owns a security offers to sell it; also known as the asked price. |
HKD $1,281.50 |
| Closing Price | HKD $1,281.50 |
| Day High | HKD $1,285.50 |
| Day Low | HKD $1,280.00 |
| Exchange Volume (HKD) | HKD $13,070,624 |
| Exchange Volume (Shares) The Exchange Volume represents the volume of shares traded on the Stock Exchange of Hong Kong throughout the previous business day. |
10,191 |
| 30 Day Average Exchange Volume (HKD) | HKD $18,510,453.87 |
| 30 Day Average Exchange Volume (Shares) | Premium/Discount | |||||
|---|---|---|---|---|---|---|
| 14,226 | 0.00% |
| 30 Day Average Exchange Volume (Shares) | 14,226 |
| Premium/Discount | 0.00% |
| LBMA Gold Price PM | NAV NAV per Unit Market value of a mutual fund's or ETF's total assets, minus liabilities, divided by the number of shares outstanding. |
Shares Outstanding | AUM | |||
|---|---|---|---|---|---|---|
| HKD $13,818.00 | HKD $1,292.25 | 344.00 M | HKD $444,533.00 M |
| LBMA Gold Price PM | HKD $13,818.00 |
| NAV NAV per Unit Market value of a mutual fund's or ETF's total assets, minus liabilities, divided by the number of shares outstanding. |
HKD $1,292.25 |
| Shares Outstanding | 344.00 M |
| AUM | HKD $444,533.00 M |
Fund Performance
as of 31 Aug 2021
as of 30 Jun 2021
| As Of | YTD | 1 Month | 3 Month | 6 Month | |
|---|---|---|---|---|---|
| Fund | 31 Aug 2021 | -3.9% | -0.5% | -4.3% | 4.3% |
| LBMA Gold Price PM | 31 Aug 2021 | -3.5% | -0.5% | -4.2% | 4.5% |
| As Of | YTD | 1 Month | 3 Month | 6 Month | |
|---|---|---|---|---|---|
| Fund | 30 Jun 2021 | -6.8% | -7.2% | 4.0% | -6.8% |
| LBMA Gold Price PM | 30 Jun 2021 | -6.4% | -7.2% | 4.2% | -6.4% |
as of 31 Aug 2021
as of 30 Jun 2021
| As Of | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception 18 Nov 2004 |
|
|---|---|---|---|---|---|---|
| Fund | 31 Aug 2021 | -7.3% | 13.9% | 6.4% | -0.4% | 8.3% |
| LBMA Gold Price PM | 31 Aug 2021 | -6.9% | 14.4% | 6.8% | 0.0% | 8.8% |
| As Of | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception 18 Nov 2004 |
|
|---|---|---|---|---|---|---|
| Fund | 30 Jun 2021 | -0.5% | 11.3% | 5.5% | 1.2% | 8.2% |
| LBMA Gold Price PM | 30 Jun 2021 | -0.1% | 11.7% | 6.0% | 1.6% | 8.7% |
as of 31 Dec 2020
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 23.1% | 17.7% | -1.3% | 12.3% | 8.7% | -11.8% | -0.6% | -28.1% | 5.1% | 11.1% |
| LBMA Gold Price PM | 24.1% | 17.8% | -0.7% | 13.5% | 8.1% | -12.2% | 0.1% | -27.3% | 8.0% | 8.8% |
The performance of the Trust and the LBMA Gold Price PM is HKD converted and may differ from the performance in USD terms due to FX rate fluctuation. Performance is calculated based on NAV-To-NAV, in HKD, including ongoing charges and excluding the Trust's trading costs on the SEHK, and including the reinvestment of any dividend. No dividends were issued during the period, nor are any expected to be issued in future periods.
Calendar year performance figures show by how much the fund increased or decreased in value during the calendar year being shown. Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit http://www.spdrgoldshares.com/* for most recent month-end performance. Performance returns for periods of less than one year are not annualized.
Effective March 20, 2015, the SPDR Gold Trust (2840) adopted the LBMA Gold Price PM as the reference benchmark price of gold in calculating the Net Asset Value (NAV) of the Trust. Prior to that date, the Trust used the London PM Fix as the reference benchmark price in calculating the NAV.
Definitions of Tracking Difference and Tracking Error
Tracking Difference (TD)
Tracking Difference is the return difference between an ETF and its underlying benchmark / index over a certain period of time.
Tracking Error (TE)
Tracking error measures how consistently an ETF follows its benchmark / index. It is the volatility (measured by standard deviation) of that return difference.
Tracking Error as of 31 Aug 2021 - Listing Date 31 Jul 2008
| Rolling 1-Year TE^ | ||
|---|---|---|
| 0.1588% |
| Rolling 1-Year TE^ | 0.1588% |
^ Annualized based on the number of dealing days in the past 12 months when daily Tracking Difference is calculated.
Tracking Difference as of 31 Aug 2021 - Listing Date 31 Jul 2008
| Rolling 1-Year TD | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| 0.0023% | -0.9492% | -0.1040% | -0.5823% | -1.2503% | 0.5644% | 0.3343% |
| Rolling 1-Year TD | 0.0023% |
| 2020 | -0.9492% |
| 2019 | -0.1040% |
| 2018 | -0.5823% |
| 2017 | -1.2503% |
| 2016 | 0.5644% |
| 2015 | 0.3343% |
| 2014 | 2013 | 2012 | 2011 | |||
|---|---|---|---|---|---|---|
| -0.7081% | -0.7625% | -2.9937% | 2.2777% |
| 2014 | -0.7081% |
| 2013 | -0.7625% |
| 2012 | -2.9937% |
| 2011 | 2.2777% |
Tracking Difference Graph
SPDR® Gold Shares performance is calculated on a NAV to NAV basis without any reinvestment of distributions.
Purchase Information
SPDR® ETFs are flexible and easy to trade. Investors buy and sell them like shares, typically through a stock broker. Investors can also employ traditional share trading techniques, including stop orders, limit orders and margin purchases (if available).
To purchase a SPDR® fund, please consult your stock broker or financial advisor.
Fund Footnotes
For more information about the Shares, please visit http://www.spdrgoldshares.com/ or call customer hotline (852) 2103 0100.
All the information contained on this website is as of date indicated unless otherwise noted. This information is issued by State Street Global Advisors Asia Limited ("SSGA") and has not been reviewed by the Securities and Futures Commission of Hong Kong ("SFC").
It may not be reproduced, distributed or transmitted to any person without express prior permission. This website and the information contained herein may not be distributed and published in jurisdictions in which such distribution and publication is not permitted. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
Frequent trading of ETF's could significantly increase commissions and other costs such that they may offset any savings from low fees or costs. These investments may have difficulty in liquidating an investment position without taking a significant discount from current market value, which can be a significant problem with certain lightly traded securities.
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.
Nothing contained herein constitutes investment advice and should not be relied upon as such. The value of the Shares of the Trust may fall or rise. Shares in the Trust are not obligations of, deposits in, or guaranteed by, World Gold Trust Services, LLC, SSGA or any of their affiliates. The Shares are expected to reflect the gold price, therefore the price of the Shares will be as unpredictable as the gold price has historically been. 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 Shares on the SEHK does not guarantee a liquid market for Shares, and Shares may be delisted from the SEHK.
The offering documents of the Trust may be obtained upon request from SSGA and can be downloaded from the Trust's website: http://www.spdrgoldshares.com/*
