Key stats
About SPDR GOLD TRUST SPDR GOLD TRT ETF CNY
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Inception date
Oct 29, 2024
Structure
Grantor Trust
Replication method
Physical
Distributes
Collectibles
Max ST capital gains rate
39.60%
Max LT capital gains rate
28.00%
Tax on distributions
Return of Capital
Distributor
State Street Corp. (Fund Distributor)
GLD is the first to market to invest directly in physical gold. The product structure reduced the difficulties of buying, storing and insuring physical gold bullion for investors. Actively traded, the shares provide deep liquidity. NAV for the fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), so GLD has an extremely close relationship with spot prices. Its structure as a grantor trust protects investors, trustees cannot lend the gold bars. However, taxes on long-term gains can be steep, as GLD is deemed a collectible by the IRS. Also, GLD's NAV has a larger handle, which corresponds to more gold exposure per share. As such, those impacted by per-share trading costs may prefer GLD over similar funds.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Cash0.00%
Top 10 holdings
Dividends
Dividend payout history