Business mix
- The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults.
- GLD was launched on Nov 18, 2004 and is issued by State Street.
- The fund gives investors commodity / commodities focused exposure through a listed ETF structure.
- It tracks the LBMA Gold Price index and is issued by State Street.
- Portfolio breadth and cost are visible in 1 holdings and a 0.40% expense ratio.
Current key questions
- Does the fund's index exposure, fees, liquidity, and tracking quality fit the role investors expect it to play?
- How concentrated is the portfolio by issuer, sector, country, factor, or duration risk?
- Can flows, spreads, and market structure affect trading costs during volatile periods?
