Summary
SPDR Gold Trust (GLD) provides investors with a cost-effective and convenient way to gain exposure to the price of gold bullion. The Trust aims to reflect the performance of gold prices, less trust expenses. As of September 30, 2016, the Trust held approximately 30.5 million ounces of gold, valued at over $40 billion. The Trust's primary expense is the Sponsor's fee, which has been set at 0.40% of the daily Net Asset Value (NAV) since July 17, 2015, covering all ordinary operating expenses. For the fiscal year ended September 30, 2016, the Trust reported a net income of approximately $4.95 billion, primarily driven by a significant unrealized gain on its gold holdings. This contrasts with a net loss of approximately $2.69 billion in the previous fiscal year. Investors should note that the value of the Shares is directly tied to the price of gold, which can be volatile and influenced by numerous global economic and geopolitical factors.
Financial Highlights
16 data points| Gross Profit | $0 |
| Operating Expenses | $127.08M |
| Operating Income | -$127.08M |
| Net Income | $4.95B |
| EPS (Basic) | $18.36 |
| Shares Outstanding (Basic) | 269.74M |
Key Highlights
- 1SPDR Gold Trust (GLD) aims to track the price of gold bullion, less expenses.
- 2As of September 30, 2016, the Trust held over 30 million ounces of gold valued at approximately $40.36 billion.
- 3The Trust reported a net income of $4.95 billion for the fiscal year ended September 30, 2016, a significant turnaround from a net loss of $2.69 billion in the prior year.
- 4The primary expense is the Sponsor's fee of 0.40% of daily NAV, covering ordinary operating expenses.
- 5The Net Asset Value (NAV) is determined daily based on the LBMA Gold Price PM.
- 6Shares are created and redeemed by Authorized Participants in Baskets (100,000 Shares each).
- 7The Trust is not actively managed and does not employ hedging strategies.