IAUMiShares Gold Trust Micro
IAUM Fund Description
IAUM tracks the gold spot price, less expenses and liabilities, using gold bars held in vaults.
IAUM Factset Analytics Insight
IAUM is an efficient way for investors to hold physical gold by providing exposure to the day-to-day movement of the price of gold bullion. The fund removes the complexities for retail investors of buying, transporting, storing, and insuring physical gold. Using a grantor trust structure, the underlying gold bars are held in vaults, with an inventory found on the fund website. Since IAUM is considered a collectible, investors should know that long-term gains have noteworthy tax liabilities. The daily NAV of the trust is based on that day’s LBMA Gold Price PM. The fund is a trades at a lower handle and launched with a lower expense ratio as compared to its larger sibling fund IAU.
IAUM Summary Data
IAUM Portfolio Data
IAUM Index Data
IAUM Portfolio Management
IAUM Tax Exposures
IAUM Fund Structure
IAUM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IAUM. IAUM is rated a 5 out of 5.
IAUM Top 10 Targeted Commodity Weights
IAUM Tenor Strategy
IAUM holds physical bullion. Prices will reflect the current spot market values.
IAUM Rolling Strategy
Since IAUM holds physical bullion rather than futures contracts, it does not have a roll strategy.
IAUM Performance Statistics
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.