Seeks to track the daily performance of a long position in physical gold and a long position in the US Dollar against a basket of non-us currencies, including the EUR, JPY, GPB, CAD, SEK and CHF. The fund holds only physical gold.
Solactive GLD® Long USD Gold Index
Based on the price of 1/10th of an ounce of gold
Total Expense Ratio
Minimum Order Size
WGC USA Asset Management Company, LLC (“WGC AM), a registered Commodity Pool Operator
Delaware Trust Company
BNY Mellon Asset Servicing
State Street Global Markets, LLC, an affiliate of State Street Global Advisors
Short Sale Eligible
Continuously offered, open-ended investment trust
The Trust’s gold bullion is kept in the form of London Good Delivery bars (~400 oz.) and held in an allocated account
The gold bullion is held by the Custodian, HSBC Bank plc, in its London vault
The Trust provides a long exposure to both gold and the dollar against a foreign exchange basket comprised of 57.6% EUR, 13.6% JPY, 11.9% GBP, 9.1% CAD, 4.2% SEK, and 3.6% CHF. The Currencies and weights were determined by the U.S. Federal reserve as a measure of the foreign exchange value of the dollar and are static. The currency overlay is settled in physical gold, so the fund holds only physical gold.
The weight of each currency in the foreign exchange basket will be reset on a daily basis to the target weight for that Reference Currency