SPDR Gold Shares (O87)
The objective of the SPDR® Gold Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Fund is listed and traded like any share on Singapore Exchange Securities Trading Limited.
|Bloomberg Ticker||GLD 10US$ SP|
|SGX Stock Code||O87|
|Reference Benchmark1||LBMA Gold Price PM|
|Inception Date||18 Nov 2004|
|SGX Listing Date||11 Oct 2006|
|Gross Expense Ratio||0.40%|
|Board Lot Size||10|
|Countries of Registration||United States, Hong Kong, Singapore and Japan|
|Primary Exchange||NYSE ARCA Exchange|
|Regulatory Structure||Collective Investment Scheme|
|Replication Method||Tracks LBMA Gold Price PM Physically-backed|
As of 28 Feb 2017
As of 31 Dec 2016
18 Nov 2004
The performance of the Trust is calculated on a single pricing basis (NAV-NAV), inclusive of all transaction costs, and in USD terms.
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.Effective March 20, 2015, the SPDR Gold Trust (O87) 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.
|Estimated NAV per Unit|
At 5PM, Singapore Time
|Estimated NAV per Unit||N/A|
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.
Fund Market Price
|Closing Price||USD $118.66|
|Day High||USD $118.89|
|Day Low||USD $118.00|
Fund Net Asset Value
|LBMA Gold Price PM||USD $1,249.05|
|NAV per Unit||USD $118.92|
|Shares Outstanding||281.70 M|
|Total Net Assets||USD $33,499.95 M|
Past performance is not a guarantee of future results.
Per Basket Information
|NAV (in gold oz) Per Basket||9,520.89|
|NAV Per Basket||USD $11,892,066.80|
1. Effective March 20, 2015, the SPDR Gold Trust (O87) 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.
|AS OF||1 YR||3 YR||5 YR||10 YR||Since Inception|
18 Nov 2004
|LBMA Gold Price PM||28 Feb 2017||1.68%||-1.81%||-6.63%||6.57%||8.87%|
|NAV||28 Feb 2017||1.27%||-2.20%||-7.01%||6.15%||8.44%|
|LBMA Gold Price PM||31 Dec 2016||8.10%||-1.65%||-5.62%||6.13%||8.17%|
|NAV||31 Dec 2016||8.69%||-1.58%||-6.31%||5.76%||7.85%|
|Month End - 28 Feb 2017|
18 Nov 2004
|Quarter End - 31 Dec 2016|
18 Nov 2004
The performance of the Trust is calculated on a single pricing basis (NAV-NAV), inclusive of all transaction costs, and in USD terms. 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.Effective March 20, 2015, the SPDR Gold Trust (O87) 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%
Month End as of 28 Feb 2017
Fund Inception Date: 18 Nov 2004
Index Inception Date: 18 Nov 2004
Quarter End as of 31 Dec 2016
Fund Inception Date: 18 Nov 2004
Index Inception Date: 18 Nov 2004
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.
All references to LBMA Gold Price PM are used with the permission of ICE Benchmark Administration Limited and have been provided for informational purposes only. ICE Benchmark Administration Limited accepts no liability or responsibility for the accuracy of the prices or the underlying product to which the prices may be referenced.
Nothing contained herein constitutes investment advice and should not be relied upon as such. The value of the shares of the SPDR® Gold Trust (the"Trust") may fall or rise. Shares in the Trust are not obligations of, deposits in, or guaranteed by, World Gold Trust Services, LLC, State Street Global Advisors or any of their affiliates. Past performance figures of the Trust or of the gold market are not necessarily indicative of the future performance of the Trust. 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 Trusts sponsor to redeem their shares while the shares are listed. It is intended that the holders of the shares may only deal in their shares through trading on the Singapore Exchange Securities Trading Limited ("SGX"). Redemption of shares can only be executed in substantial size through authorized participants. Listing of the shares on the SGX does not guarantee a liquid market for the shares, and the shares may be delisted from the SGX.
Investors should read the Trust's prospectus and may wish to seek advice from a financial adviser before making a commitment to invest in the Trust. In the event that Investors chooses not to seek advice from a financial adviser, he should consider whether the product in question is suitable for him. The prospectus may be obtained upon request from State Street Global Advisors Singapore Limited (Co. Reg. No: 200002719D) and can be downloaded from the Trust's website www.spdrgoldshares.com.
*The ounces of gold listed on the daily barlist may differ from the ounces of gold listed as owned by SPDR® Gold Trust (Trust) on the website due to timing differences in trading and settlement. The barlist includes ounces of gold on a settlement date basis, while ounces shown on the website are on a trade date basis. Effective June 1, 2011, the Trust has entered into an agreement with HSBC Bank USA, N.A., the Trusts Custodian, which will ensure that all of the Trusts gold is held in allocated form at the end of each working day.
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 $388 million, the ordinary expenses of the Trust will be accrued at a rate greater than 0.40% per year of the daily 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.
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. 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.
This document includes forward-looking statements which generally relate to future events or future performance. In some cases, you can identify forward-looking statements by terminology such as may, will, should, expect, plan, anticipate, believe, estimate, predict, potential, it is likely or the negative of these terms or other comparable terminology. All statements (other than statements of historical fact) included in this document that address activities, events or developments that will or may occur in the future, including such matters as changes in commodity prices and market conditions (for gold and the Shares), the Trusts operations, the Sponsors plans and references to the Trusts future success and other similar matters are forward-looking statements. Investors are cautioned that these statements are only projections. Actual events or results may differ materially. These statements are based upon certain assumptions and analyses the Sponsor made based on its perception of historical trends, current conditions and expected future developments, as well as other factors believed appropriate in the circumstances. Whether or not actual results and developments will conform to the Sponsors expectations and predictions, however, is subject to a number of risks and uncertainties, including, the factors identified in the Risk Factors section of the Prospectus filed with the SEC and in other filings made by the Trust from time to time with the SEC.
Consequently, all the forward-looking statements made in this material are qualified by these cautionary statements, and there can be no assurance that the actual results or developments the Sponsor or the Marketing Agent anticipates will be realized or, even if substantially realized, that they will result in the expected consequences to, or have the expected effects on, the Trusts operations or the value of the Shares. Neither the Sponsor, the Marketing Agent nor any other person assumes responsibility for the accuracy or completeness of the forward-looking statements. Neither the Trust, the Marketing Agent nor the Sponsor is under a duty to update any of the forward-looking statements to conform such statements to actual results or to reflect a change in the Sponsors or the Marketing Agents expectation or projections.
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.