SPDR® Gold Shares GLD

Important Risk Disclosure

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$166.94

as of Nov 27 2020

Base Currency

USD

Assets Under Management

$68,326.86 M

as of Nov 27 2020

Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.40%


Key Features

Key Features

  • The investment objective of SPDR® Gold Trust (the "Trust") is for SPDR® Gold Shares ("GLD") to reflect the performance of the price of gold bullion, less the Trust's expenses
  • The first US traded gold ETF and the first US-listed ETF backed by a physical asset
  • For many investors, the costs associated with buying GLD shares in the secondary market and the payment of the Trust's ongoing expenses may be lower than the costs associated with buying, storing and insuring physical gold in a traditional allocated gold bullion account

Fund Information as of Nov 27 2020

Fund Information as of Nov 27 2020
Inception Date Options Available Marginable Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

Base Currency Trustee Marketing Agent
Nov 18 2004 Yes Yes 0.40% USD BNY Mellon Asset Servicing, a division of The Bank of New York Mellon State Street Global Advisors Funds Distributors, LLC
Inception Date Nov 18 2004
Options Available Yes
Marginable Yes
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.40%
Base Currency USD
Trustee BNY Mellon Asset Servicing, a division of The Bank of New York Mellon
Marketing Agent State Street Global Advisors Funds Distributors, LLC
Gold Custodian Sponsor
HSBC Bank plc World Gold Trust Services, LLC
Gold Custodian HSBC Bank plc
Sponsor World Gold Trust Services, LLC

Listing Information as of Nov 27 2020

Listing Information as of Nov 27 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Nov 18 2004 USD GLD 78463V107 US78463V1070
Exchange NYSE ARCA EXCHANGE
Listing Date Nov 18 2004
Trading Currency USD
Ticker GLD
CUSIP 78463V107
ISIN US78463V1070

Fund Market Price as of Nov 27 2020

Fund Market Price as of Nov 27 2020
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

Closing Price

Closing Price

Market Price of last reported trade on the exchange.

Day High Day Low Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

$167.76 $167.79 $167.82 $166.79 2,285,956 -0.05% 0.01%
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$167.76
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$167.79
Day High $167.82
Day Low $166.79
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

2,285,956
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

-0.05%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0.01%

Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

x axis: Dates
y axis: Premium or Discount (bps)

Number of Days Summary

Calendar Year 2019 First Quarter of 2020 Second Quarter of 2020 Third Quarter of 2020
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
140 34 48 41
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
110 28 15 23
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
Calendar Year 2019 140
First Quarter of 2020 34
Second Quarter of 2020 48
Third Quarter of 2020 41
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
Calendar Year 2019 110
First Quarter of 2020 28
Second Quarter of 2020 15
Third Quarter of 2020 23
Fund Data

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


Per Basket Information as of Nov 27 2020

Per Basket Information as of Nov 27 2020
NAV Per Basket
$16,693,589.78
NAV Per Basket $16,693,589.78

Fund Net Asset Value as of Nov 27 2020

Fund Net Asset Value as of Nov 27 2020
LBMA Gold Price PM NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

Shares Outstanding Assets Under Management
$1,779.30 $166.94 409.30 M $68,326.86 M
LBMA Gold Price PM $1,779.30
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$166.94
Shares Outstanding 409.30 M
Assets Under Management $68,326.86 M
Most Recent NAV / NAV History Download Historical Value of LBMA Gold Price PM

Fund Performance

Fund Performance

  • Fund Inception Date: Nov 18 2004

as of Oct 31 2020

as of Sep 30 2020

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 18 2004
NAV Oct 31 2020 -0.30% 6.61% 23.16% 24.06% 13.54% 10.05% 2.99% 9.07%
Market Value Oct 31 2020 -0.52% 5.83% 23.30% 23.71% 13.44% 10.01% 2.88% 8.96%
LBMA Gold Price PM Oct 31 2020 -0.27% 6.72% 24.24% 24.55% 13.99% 10.49% 3.40% 9.50%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 18 2004
NAV Sep 30 2020 -3.63% 6.61% 23.53% 26.54% 13.25% 10.66% 3.32% 9.14%
Market Value Sep 30 2020 -4.17% 5.83% 23.95% 27.54% 13.35% 10.62% 3.31% 9.05%
LBMA Gold Price PM Sep 30 2020 -3.60% 6.72% 24.57% 27.04% 13.70% 11.10% 3.74% 9.57%

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.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Effective March 20, 2015, the SPDR Gold Trust (GLD) 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.

Gross Expense Ratio: 0.40%


Purchase Information

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Investing in commodities entails significant risk and is not appropriate for all investors.

Ordinary brokerage commissions may apply.


Fund Footnotes

Important risk information

Investing involves risk, and you could lose money on an investment in SPDR® Gold Trust (“GLD®”).

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.

Commodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.

Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

Diversification does not ensure a profit or guarantee against loss.

Investing in commodities entails significant risk and is not appropriate for all investors.

Important Information Relating to SPDR® Gold Trust (“GLD®”):

The SPDR Gold Trust (“GLD”) has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents GLD has filed with the SEC for more complete information about GLD and this offering. Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. The GLD prospectus is available by clicking here. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting spdrgoldshares.com. Alternatively, the Trust or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053.

GLD is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of the Trust do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.

GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLD shares relates directly to the value of the gold held by GLD (less its expenses), and fluctuations in the price of gold could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share will decline over time to that extent.

The World Gold Council name and logo are a registered trademark and used with the permission of the World Gold Council pursuant to a license agreement. The World Gold Council is not responsible for the content of, and is not liable for the use of or reliance on, this material.  World Gold Council is an affiliate of GLD’s sponsor.

GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC.

Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

Investing involves risk, and you could lose money on an investment in GLD. Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. The GLD prospectus is available by clicking here.

For more information, please contact the Marketing Agent for GLD: State Street Global Advisors Funds Distributors, LLC, One Iron Street, Boston, MA, 02210; T: +1 866 320 4053 spdrgoldshares.com

© 2019 State Street Corporation. All Rights Reserved.

State Street Global Advisors Funds Distributors, LLC, One Iron Street, Boston, MA 02210

Not FDIC Insured - No Bank Guarantee - May Lose Value

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.