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        State Street Gold Fund

        Overview Performance Holdings Documents Purchase Information More Insights
        NAV
        AUD $1.0379
        as of 16 Jul 2024
        Management Costs
        0.14% p.a.
        Base Currency
        AUD
        Buy/Sell Spread
        0.06%/0.06%

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        Key Features

        • Low Fees - provides a liquid and cost-effective means of gaining exposure to the gold market.
        • Convenient Access - invest without needing to take delivery and store physical gold bullion.
        • Transparency - a 24-hour global over-the-counter market exists for gold bullion, which provides daily market data.
        • Allocated Gold - underlying gold holdings are backed by allocated physical gold, stored in secure vaults in London, New York and Zurich.
        • Diversification – offers potential diversification benefits within a multi-asset portfolio.

        Investment Objective

        The State Street Gold Fund (“the Fund”) seeks to provide investors with the performance of the spot price of gold in Australian Dollars before management costs.

        About this Benchmark

        The LBMA Gold Price PM represents the spot price of gold and is used as an important benchmark throughout the gold market. The London Bullion Market Association (LBMA) helps coordinate gold market activities and acts as a principal point of contact between the market and its regulators. The LBMA Gold Price is determined twice each business day (10:30am and 3:00pm London time).

        Investment Strategy

        The Fund invests in the SPDR® Gold MiniShares® ETF (Gold ETF). The Gold ETF is a US-domiciled exchange traded fund that trades on the NYSE ARCA. Neither the Fund nor the Gold ETF applies currency hedging.

        The securities issued by the Gold ETF are backed by physical gold bullion held in secured vaults.

        Through its investment in the Gold ETF, the Fund provides investors with exposure to allocated physical gold bullion, without having to take physical delivery or arrange storage.

        The Fund is suitable for investors seeking capital growth with a high or very high risk/return profile.

        Fund Information as of 17 Jul 2024

        Benchmark LBMA Gold Price PM (AUD)
        Inception Date 26 Jun 2024
        Management Costs 0.14% p.a.
        Buy/Sell Spread 0.06%/0.06%
        Minimum Initial Investment AUD 25,000
        Pricing Daily
        Distribution Frequency -
        APIR Code SST4481AU
        ARSN Code 677 945 621
        ISIN AU60SST44819

        Fund Pricing as of 16 Jul 2024

        NAV AUD $1.0379
        Application AUD $1.0385
        Redemption AUD $1.0373
        Most Recent NAV / NAV History

        Diversification does not ensure a profit or guarantee against loss. Investing in commodities entail significant risk and is not appropriate for all investors. There are risks associated with investing in Real Assets and the Real Assets sector, including real estate, precious metals and natural resources. Investments can be significantly affected by events relating to these industries.

        THE LBMA GOLD PRICE, WHICH IS ADMINISTERED AND PUBLISHED BY ICE BENCHMARK ADMINISTRATION LIMITED (IBA), SERVES AS, OR AS PART OF, AN INPUT OR UNDERLYING REFERENCE FOR THE STATE STREET GOLD FUND.

        LBMA GOLD PRICE IS A TRADE MARK OF PRECIOUS METALS PRICES LIMITED, AND IS LICENSED TO IBA AS THE ADMINISTRATOR OF THE LBMA GOLD PRICE. ICE BENCHMARK ADMINSTRATION IS A TRADE MARK OF IBA AND/OR ITS AFFILIATES. THE LBMA GOLD PRICE PM, AND THE TRADE MARKS LBMA GOLD PRICE AND ICE BENCHMARK ADMINISTRATION, ARE USED BY STATE STREET GLOBAL ADVISORS WITH PERMISSION UNDER LICENCE BY IBA.

        IBA AND ITS AFFILIATES MAKE NO CLAIM, PREDICATION, WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM ANY USE OF THE LBMA GOLD PRICE, OR THE APPROPRIATENESS OR SUITABILITY OF THE LBMA GOLD PRICE FOR ANY PARTICULAR PURPOSE TO WHICH IT MIGHT BE PUT, INCLUDING WITH RESPECT TO THE STATE STREET GOLD FUND. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR NON-INFRINGEMENT, IN RELATION TO THE LBMA GOLD PRICE, ARE HEREBY EXCLUDED AND NONE OF IBA OR ANY OF ITS AFFILIATES WILL BE LIABLE IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), FOR BREACH OF STATUTORY DUTY OR NUISANCE, FOR MISREPRESENTATION, OR UNDER ANTITRUST LAWS OR OTHERWISE, IN RESPECT OF ANY INACCURACIES, ERRORS, OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES (MATERIAL OR OTHERWISE) IN THE LBMA GOLD PRICE, OR FOR ANY DAMAGE, EXPENSE OR OTHER LOSS (WHETHER DIRECT OR INDIRECT) YOU MAY SUFFER ARISING OUT OF OR IN CONNECTION WITH THE LBMA GOLD PRICE OR ANY RELIANCE YOU MAY PLACE UPON IT.

        Related Insights

        This website is intended for persons resident in Australia. State Street Global Advisors, Australia Services Limited ABN 16 108 671 441, AFSL Number 274900 ("SSGA, ASL") is the product issuer. State Street Global Advisors, Australia, Limited (AFSL Number 238276, ABN 42 003 914 225) (“SSGA Australia”) is the Investment Manager. The material on this website is general information only and does not take into account your individual objectives, financial situation or needs.

        You should seek professional advice and consider the Product Disclosure Statement (PDS) and target market determination, available at www.ssga.com, before deciding whether to acquire or continue to hold units in the Funds.

        You can access our PDS online or by calling us. The offer made in our PDS is available to persons receiving the PDS within Australia and applications from outside Australia will not be accepted. Past performance is not a reliable indicator of future performance. Investing entails risks and there can be no assurance that State Street Global Advisors will achieve profits or avoid incurring losses.

        Investing involves risk including the risk of loss of principal. This material should not be considered a solicitation to apply for interests in the Funds and investors should obtain independent financial and other professional advice before making investment decisions. There is no representation or warranty as to the currency or accuracy of, nor liability for, decisions based on such information. Performance quoted represents past performance, which is not a reliable indicator of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

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