Summary
SPDR Gold Trust (GLD) operates as an investment trust holding physical gold bullion. Its primary objective is to allow investors to track the performance of gold prices through exchange-traded shares, offering a convenient and cost-efficient alternative to direct gold ownership. The Trust aims to reflect the price of gold bullion, less its operating expenses. As of September 30, 2007, the Trust held approximately 18.58 million ounces of gold, with a market value exceeding $13.8 billion. The Trust generated a net gain of over $313 million for the fiscal year ended September 30, 2007. The shares are listed on the NYSE under the ticker GLD, providing liquidity and accessibility for investors seeking exposure to the gold market.
Financial Highlights
11 data pointsBeta
Financial Statements
Beta
| Gross Profit | $6.91M |
| Operating Expenses | $39.67M |
| Net Income | $313.44M |
| EPS (Basic) | $2.05 |
| Shares Outstanding (Basic) | 152.87M |
Key Highlights
- 1The SPDR Gold Trust (GLD) aims to reflect the performance of gold bullion prices, less expenses.
- 2As of September 30, 2007, the Trust held 18.58 million ounces of gold valued at over $13.8 billion.
- 3For the fiscal year ended September 30, 2007, the Trust reported a net gain of $313.4 million.
- 4The shares trade on the NYSE under the ticker GLD, offering investors easy access to the gold market.
- 5The Trust is structured as a grantor trust for U.S. federal income tax purposes, meaning income and expenses flow through to shareholders.
- 6The Trust does not hold derivative instruments and its assets consist solely of allocated gold bullion and cash for expenses.
- 7Operating expenses, including fees for the Sponsor, Trustee, Custodian, and Marketing Agent, are paid through the sale of gold held by the Trust.
Frequently Asked Questions
The primary investment objective of the SPDR Gold Trust (GLD) is for its shares to reflect the performance of the price of gold bullion, less the Trust's expenses.
The Trust pays its operating expenses by selling the gold it holds. These sales are conducted by the Trustee as needed and are a taxable event for shareholders.
World Gold Trust Services, LLC (WGTS) is the Sponsor, responsible for establishing and marketing the Trust. The Bank of New York (BNY) serves as the Trustee, administering the Trust and calculating its Net Asset Value. HSBC Bank USA, N.A. is the Custodian, responsible for the safekeeping of the Trust's gold. State Street Global Markets, LLC (SSGM) is the Marketing Agent.
Investors can gain exposure to gold by purchasing shares of the SPDR Gold Trust (GLD) on the New York Stock Exchange (NYSE) through a standard brokerage account. This eliminates the logistical challenges of directly buying, storing, and insuring physical gold.