IAUF

iShares Gold Strategy ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 05/12/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IAUF -- -- -- -- -- -- --
IAUF (NAV) -7.55% -1.42% -0.56% -0.83% 10.47% -- --
Bloomberg Composite Gold Index -- -- -- -- -- -- --
LBMA Gold Price PM -6.31% 0.32% -- 0.35% 12.56% 8.33% 1.50%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IAUF Summary Data

Blackrock
iShares
06/06/18
Open-Ended Fund
0.25%
$42.28M
$502.65K
0.40%

IAUF Portfolio Data

Futures
Extended Term
N/A
--

IAUF Index Data

Bloomberg Composite Gold Index
Fixed
Fixed
LBMA Gold Price PM

IAUF Portfolio Management

0.25%
--
--
--

IAUF Tax Exposures

20.00% / 39.60%
--
No

IAUF Fund Structure

Open-Ended Fund
No
No
N/A
N/A
Medium
Daily

IAUF Factset Analytics Block Liquidity

As of 05/13/22
5
4
3
2
1

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 Tradability

8,616
$502.65K
2,496
$150.60K
0.40%
$0.23
0.04%
2.28% / -1.25%
None
100.00%
50,000
0.05
0.01%
--
0
$55.50
5

IAUF Sector Breakdown


IAUF
Segment Benchmark
78.37%
--
21.63%
--

IAUF Top 10 Targeted Commodity Weights

54.65%
21.26%
100.00%

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.

IAUF Performance Statistics

0.67
0.78
--
--
0.00%