(GLD) SPDR Gold Shares - Ratings and Ratios

The SPDR Gold Shares, listed on the NYSE ARCA under the ticker symbol GLD, is a unique investment vehicle that allows individuals to gain exposure to the gold market. By holding gold bars in a vault, the Trust provides a way for investors to participate in the performance of gold bullion, minus the expenses associated with managing the fund. Essentially, the Trust issues or redeems Baskets of shares in exchange for deposits or deliveries of gold, which helps to ensure that the share price closely tracks the price of gold.

The investment objective of the Trust is straightforward: to mirror the performance of gold bullion, less the expenses incurred by the Trust. This makes it an attractive option for investors seeking a cost-effective way to invest in gold, as they can potentially benefit from the price movements of gold without having to physically hold the metal. The Sponsor of the Trust believes that the Shares offer a convenient and efficient means of investing in gold, which can be particularly appealing to those who want to diversify their portfolios or hedge against inflation.

From a structural perspective, the SPDR Gold Shares is a US-domiciled exchange-traded fund (ETF) that falls under the commodities-focused category. It has a unique ISIN identifier, US78463V1070, which helps to facilitate trading and clearing. For more information about the Trust, including its investment strategy, risks, and fees, investors can visit the website of the Sponsor at http://www.spdrs.com. By doing so, they can gain a deeper understanding of how the SPDR Gold Shares works and whether it aligns with their individual investment goals and objectives.