What is AAAU?

AAAU tracks the gold spot price, less expenses and liabilities, using gold bars held in a vault in Perth, Australia. Investors can redeem their shares for gold coins and small bars.

PERFORMANCE [as of 03/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
AAAU 7.36% 8.73% 8.40% 2.78% 9.70% -- --
AAAU (NAV) 7.37% 17.68% 8.62% 4.14% 7.11% -- --
LBMA Gold Price PM 7.38% 8.57% -- 1.73% 9.65% 8.48% 2.05%
LBMA Gold Price PM 7.38% 8.57% -- 1.73% 9.65% 8.48% 2.05%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

AAAU Factset Analytics Insight

AAAU is an efficient option for investors seeking exposure to physical gold. It provides an option for those who want to redeem for physical gold. Investors can redeem their shares for gold as small as 1 gram, but could be impractical based on a large minimum fee. As a physical gold investment, potential US tax consequences should be expected — long-term gains are subject to the higher tax. At launch, AAAU’s shares corresponded to 1/100th of an ounce of gold (though this will decrease over time due to expenses), or about the same amount as competitor IAU. This low handle should be helpful for those investors placing small orders, but could be a deal-breaker for those paying per-share commissions. Retail investors should consider trading expenses in their cost calculation. GSAM acquired this fund on December 14, 2020 from Cottonwood ETF Holdings and changed the fund name from Perth Mint Physical Gold ETF.

AAAU Summary Data

Goldman Sachs
07/26/18
0.18%
$481.64M
LBMA Gold Price PM
LBMA Gold Price PM
Grantor Trust

Peers

LBMA Gold Price PM

Fund Flows

$0.00B 5 Days
-$0.00B 30 Days
+$0.03B 90 Days

AAAU Portfolio Data

Physically Held
Physically Held
N/A
--

AAAU Index Data

LBMA Gold Price PM
Single Asset
Single Asset
LBMA Gold Price PM

AAAU Portfolio Management

0.18%
-0.18%
-0.10%
-0.24%

AAAU Tax Exposures

28.00% / 39.60%
--
No

AAAU Fund Structure

Grantor Trust
No
--
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/21/23

This measurement shows how easy it is to trade a $1 million USD block of AAAU. AAAU is rated a 5 out of 5.

AAAU Tradability

1,110,851
$20.76M
813,143
$14.70M
0.05%
$0.01
-0.06%
1.98% / -2.58%
None
100.00%
25,000
32.53
0.11%
--
0
$19.53
5

AAAU Top 10 Targeted Commodity Weights

100.00%
100.00%

AAAU Performance Statistics

1.00
1.00
--
--
0.00%

AAAU Tenor Strategy

AAAU holds physical bullion. Prices will reflect the current spot market values.

AAAU Rolling Strategy

Since AAAU holds physical bullion rather than futures contracts, it does not have a roll strategy.