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SPDR® Gold Shares GLD

Important Risk Disclosure

Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Certain investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Investing involves risk, and you could lose money on an investment in 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.

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.

NAV

NAV

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

$169.49

as of Aug 02 2021

Base Currency

USD

Assets Under Management

$59,948.59 M

as of Aug 02 2021

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 Aug 03 2021

Fund Information as of Aug 03 2021
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 Aug 03 2021

Listing Information as of Aug 03 2021
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 Aug 02 2021

Fund Market Price as of Aug 02 2021
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

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

$169.64 $169.61 $170.24 $169.10 1,805,902 -0.01% 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.

$169.64
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$169.61
Day High $170.24
Day Low $169.10
Exchange Volume (Shares)

Exchange Volume (shares)

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

1,805,902
Premium/Discount

Premium/Discount

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

-0.01%
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 INAV Graph and Summary

Premium Discount to INAV Graph and Summary

The line graph and table below show historical information about the differences between the 4PM Bid/Ask price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s 4PM INAV over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of 4PM INAV. 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 4PM INAV.

x axis: Dates
y axis: Premium or Discount (bps)
Number of Days Summary
Calendar Year 2020 First Quarter of 2021 Second Quarter of 2021
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the 4PM INAV.

156 21 42
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the 4PM INAV.

97 39 21
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the 4PM INAV.

Calendar Year 2020 156
First Quarter of 2021 21
Second Quarter of 2021 42
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the 4PM INAV.

Calendar Year 2020 97
First Quarter of 2021 39
Second Quarter of 2021 21
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.

The indicative net asset value (iNAV) per share is a measure of the intraday net asset value (NAV) of an investment.  The indicative NAV is provided for reference purposes only and may differ from the actual NAV per share calculated in accordance with the Prospectus.

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 Aug 02 2021

Per Basket Information as of Aug 02 2021
NAV Per Basket
$16,948,994.51
NAV Per Basket $16,948,994.51

Fund Net Asset Value as of Aug 02 2021

Fund Net Asset Value as of Aug 02 2021
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
$1,811.45 $169.49 353.70 M $59,948.59 M
LBMA Gold Price PM $1,811.45
NAV

NAV

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

$169.49
Shares Outstanding 353.70 M
Assets Under Management $59,948.59 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 Jun 30 2021

as of Jun 30 2021

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 18 2004
NAV Jun 30 2021 -7.24% 4.16% -6.95% -0.68% 11.68% 5.52% 1.19% 8.25%
Market Value Jun 30 2021 -7.15% 3.54% -7.14% -1.04% 11.75% 5.53% 1.27% 8.19%
LBMA Gold Price PM Jun 30 2021 -7.20% 4.26% -6.59% -0.28% 12.12% 5.94% 1.59% 8.68%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 18 2004
NAV Jun 30 2021 -7.24% 4.16% -6.95% -0.68% 11.68% 5.52% 1.19% 8.25%
Market Value Jun 30 2021 -7.15% 3.54% -7.14% -1.04% 11.75% 5.53% 1.27% 8.19%
LBMA Gold Price PM Jun 30 2021 -7.20% 4.26% -6.59% -0.28% 12.12% 5.94% 1.59% 8.68%

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®” or "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 GLD:

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, GLD 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  GLD 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.

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

© 2021 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.