Key Info
| Name | SPDR Gold Trust |
|---|---|
| Objective | Designed to track the price of gold (net of Trust expenses) |
| Symbol | 2840 |
| Exchange | Stock Exchange of Hong Kong |
| Initial Pricing | Based on the price of 1/10th of an ounce of gold |
| Estimated Expense | 0.40%* |
| Minimum Order Size | 10 shares |
| Sponsor | World Gold Trust Services LLC |
| Trustee | BNY Mellon Asset Servicing |
| Custodian | HSBC Bank (USA), NA |
| Marketing Agent | State Street Global Markets, LLC |
| Hong Kong Representative | State Street Global Advisors Asia Ltd |
| Market Maker | Citigroup Global Markets Asia Limited |
| Short Sale Eligible | Yes |
| Margin Eligible | Yes |
| Structure | Continuously offered, open-ended investment trust |
* The Sponsor and the Marketing Agent have agreed to reduce the fees payable to them from the assets of the Trust to the extent required so that the estimated ordinary expenses of the Trust do not exceed an amount equal to 0.40% per annum of the daily net asset value during the period ending seven years from the date of the Trust Indenture or upon the earlier termination of the Marketing Agent Agreement. Investors should be aware that if the value of the Trust assets is less than approximately $500 million, the ordinary expenses of the Trust will be accrued at a rate greater than 0.40% per year of the daily Adjusted Net Asset Value ("ANAV") of the Trust even after the Sponsor and the Marketing Agent have completely reduced their combined fees of 0.30% per year of the daily ANAV of the Trust. This amount is based on the estimated ordinary expenses of the Trust.
SPDR Gold Trust Advantages
| Easily Accessible | Listed on the HKEx. |
|---|---|
| Secure | The Gold Shares represent fractional, undivided interests in the Trust, the sole assets of which are physical gold bullion and, from time to time, cash. |
| Relatively Cost Effective | For many investors, transaction costs related to the Gold Shares are expected to be lower than the costs associated with the purchase, storage, and insurance of gold bullion in a traditional gold bullion account. |
| Liquid | Structure allows for baskets to be created and redeemed according to market demand, creating liquidity. |
| Transparent | There exists a 24-hour global over-the counter market for gold bullion, which provides readily available market data. The price, holdings, and net asset value of Gold Shares, as well as market data for the overall gold bullion market, can be tracked daily at spdrgoldshares.com. |
| Flexible | Gold Shares (HKEx: 2840) are listed on the Stock Exchange of Hong Kong and trade the same way ordinary stocks do. It is possible to buy or sell Gold Shares continuously throughout the trading day on the exchange at prices established by the market. Additionally, it is possible to place market, limit and stop-loss orders of Gold Shares. |