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About Goldman Sachs Physical Gold ETF Shares
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Inception date
Jul 26, 2018
Structure
Grantor Trust
Replication method
Physical
Distribution tax treatment
Return of capital
Income tax type
Collectibles
Max ST capital gains rate
39.60%
Max LT capital gains rate
28.00%
Primary advisor
Goldman Sachs Asset Management LP
Distributor
ALPS Distributors, Inc.
AAAU is an efficient option for investors seeking exposure to physical gold. At launch, AAAUs shares corresponded to 1/100th of an ounce of gold (though this will decrease over time due to expenses). This low handle should be helpful for those investors placing small orders but could be a deal-breaker for those paying per-share commissions. The daily NAV of the fund is determined using the LBMA PM Gold Price, so the fund 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 AAAU is deemed a collectible by the IRS. GSAM acquired this fund on December 14, 2020, from Cottonwood ETF Holdings and changed the fund name from Perth Mint Physical Gold ETF. After the acquisition, the ETF lost its convertibility feature that allowed investors to exchange shares for delivery of physical gold in the form of gold coins and bars.
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%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AAAU assets under management is 1.53 B USD. It's risen 8.75% over the last month.
AAAU fund flows account for 433.92 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, AAAU doesn't pay dividends to its holders.
AAAU shares are issued by The Goldman Sachs Group, Inc. under the brand Goldman Sachs. The ETF was launched on Jul 26, 2018, and its management style is Passive.
AAAU expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
AAAU follows the LBMA Gold Price PM ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AAAU price has risen by 6.58% over the last month, and its yearly performance shows a 45.46% increase. See more dynamics on AAAU price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.42% over the last month, showed a 11.86% increase in three-month performance and has increased by 45.14% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.42% over the last month, showed a 11.86% increase in three-month performance and has increased by 45.14% in a year.
AAAU trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.