IAUFiShares Gold Strategy ETF
IAUF Fund Description
IAUF follows an index that provides exposure to the price performance of gold by holding gold futures and gold ETPs.
IAUF Factset Analytics Insight
IAUF provides exposure to gold with a few twists. The Underlying Index allocates 76% to Bloomberg Gold Tracker Total Return Index (Tracker Index) and 24% to iShares Gold Trust (IAU). The Tracker Index holds a long position on liquid gold futures contracts traded on the CME. To provide maximum liquidity, October gold contract is excluded due to its low trading volume and open interest . The gold futures are held via a Cayman Islands subsidiary. IAUFs structure addresses two of the sticking points associated with gold exposure. First, IAUF shareholders will receive a 1099 form at tax time, similar to other equity positions, not the K-1 typically associated with commodity pools. Second, capital gains in the fund are taxed at the usual rates, not the higher collectibles rate associated with physical gold investments. The Underlying Index and fund are rebalanced quarterly. Prior to March 1, 2021, the fund was actively managed, aiming to maximize correlation with the Underlying Index.
IAUF Summary Data
IAUF Portfolio Data
IAUF Index Data
IAUF Portfolio Management
IAUF Tax Exposures
IAUF Fund Structure
IAUF Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IAUF. IAUF is rated a 5 out of 5.
IAUF Sector Breakdown
IAUF Top 10 Targeted Commodity Weights
IAUF Tenor Strategy
IAUF selects contracts according to a fixed schedule. The fund holds the contract for every even-numbered month, skipping October.
IAUF Rolling Strategy
IAUF’s contracts roll over a three-day period starting on the 4th to last business day of the month preceding the expiration month.