Key information

Name SPDR® Gold Trust
Objective Designed to track the price of gold (net of Trust expenses)
Symbol 1326
Exchange Tokyo Stock Exchange
Initial Pricing Based on the price of 1/10th of an ounce of gold
Estimated Expense 0.40%*
Minimum Order Size 1 share
Sponsor World Gold Trust Services LLC
Trustee BNY Mellon Asset Servicing
Gold Custodians:

JPMorgan Chase Bank, N.A.
HSBC Bank plc
Marketing Agent State Street Global Advisors Funds Distributors, LLC (an affiliate of State Street Global Advisors)
(contact in Japan) 
Toranomon Hills Mori Tower 25F
1-2 3-1 Toranomon, Minato-Ku
Tokyo
105-6325
JAPAN
Ph: + 81 3 4530 7152
[email protected]
Short Sale Eligible Yes
Margin Eligible Yes

*The Trust's only recurring expense is the remuneration paid to the Sponsor. The Sponsor's fee accrues daily at an annual rate equal to 0.40% of the daily NAV, in exchange for the Sponsor assuming the responsibility to pay all other ordinary fees and expenses of the Trust. These include fees and expenses of the Trustee, fees and expenses of the Custodian for the custody of the Trust's gold bars, the fees and expenses of the Sponsor, certain taxes, the fees and expenses of the Marketing Agent, printing and mailing costs, legal and audit fees, registration fees, NYSE Arca listing fees and other marketing costs and expenses.

 

SPDR® Gold Trust Advantages

Easily Accessible Listed on the TSE.
Secure The Gold Shares represent fractional, undivided interests in the Trust, the sole assets of which are physical gold bullion and, from time to time, cash.
Relatively Cost Effective For many investors, transaction costs related to the Gold Shares are expected to be lower than the costs associated with the purchase, storage, and insurance of gold bullion in a traditional gold bullion account.
Liquid Structure allows for baskets to be created and redeemed according to market demand, creating liquidity.
Transparent There exists a 24-hour global over-the counter market for gold bullion, which provides readily available market data. The price, holdings, and net asset value of Gold Shares, as well as market data for the overall gold bullion market, can be tracked daily at spdrgoldshares.com.
Flexible Gold Shares (TSE: 1326) are listed on the Tokyo Stock Exchange and trade the same way ordinary stocks do. It is possible to buy or sell Gold Shares continuously throughout the trading day on the exchange at prices established by the market. Additionally, it is possible to place market, limit and stop-loss orders of Gold Shares.

 

How to Buy and Sell

Gold Shares are listed on the Tokyo Stock Exchange (TSE Ticker: 1326). Typically, investors will be able buy and sell Gold Shares through a standard brokerage account.

 

Fees and Expenses

Ongoing Expenses of the Trust

The Trust's estimated ordinary operating expenses are accrued daily and are reflected in the NAV of the Trust. The Trust's only recurring expense is the remuneration paid to the Sponsor.  The Sponsor's fee accrues daily at an annual rate equal to 0.40% of the daily NAV, in exchange for the Sponsor assuming the responsibility to pay all other ordinary fees and expenses of the Trust.  These include fees and expenses of the Trustee, fees and expenses of the Custodian for the custody of the Trust's gold bars, the fees and expenses of the Sponsor, certain taxes, the fees and expenses of the Marketing Agent, printing and mailing costs, legal and audit fees, registration fees, NYSE Arca listing fees and other marketing costs and expenses.

The ordinary operating expenses of the Trust accrue daily and are reflected in the NAV of the Trust. The Trustee sells gold held by the Trust on an as-needed basis to pay the Trust's expenses. As a result, the amount of gold represented by each share will be reduced over time, from an initial 1/10th of one ounce of gold. Because the expenses of the Trust will be offset by the sale of Trust gold, the amount of gold backing each share (Ounces Per Share) will decrease gradually.

Each share will initially represent 1/10th of one ounce of gold, but this will decline over time. This reduction in ounces per share will be reflected in the NAV of the Trust.