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State Street Gold Fund

NAV
AUD $1.1528
as of 20 Nov 2024
Management Costs
0.14% p.a.
Base Currency
AUD
Fund Size
AUD $61.4 mn
as of 31 Oct 2024
Buy/Sell Spread
0.06%/0.06%

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 21 Nov 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
Research Ratings

To request a copy of the Research House Rating Reports for this fund, please click here.

Platform
Netwealth (Private label)
Ratings Information
Lonsec Recommended (Sep 2024)
Lonsec Recommended 400x200

Fund Pricing as of 20 Nov 2024

NAV AUD $1.1528
Application AUD $1.1534
Redemption AUD $1.1522

Fund Performance

  • Fund Inception Date: 26 Jun 2024
  • Performance Inception Date: 10 Jul 2024

as of 31 Oct 2024

As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception
10 Jul 2024
Fund (Gross) 31 Oct 2024 10.49% 11.60% - - - 18.28%
Fund (Net) 31 Oct 2024 10.49% 11.60% - - - 18.28%
Benchmark
LBMA Gold Price PM (AUD)
31 Oct 2024 10.11% 12.34% - - - 18.05%
Difference (Gross) 31 Oct 2024 0.38% -0.75% - - - 0.23%
Difference (Net) 31 Oct 2024 0.38% -0.75% - - - 0.23%

IMPORTANT NOTICE: The Fund has been in existence for less than 1 year, which is not a sufficient time period to give a balanced indication of past performance of the Fund.   As such, the short-term results herein are provided for informational purposes only.

Past performance is not a reliable indicator of future performance. Performance returns for periods of less than one year are not annualised. The performance figures contained herein reflect Total Returns and are provided on a net and gross of fees basis. Performance figures are calculated using end-of-month exit prices and assume the reinvestment of distributions and make no allowance for tax.  Net performance figures are after management and transaction costs.

Gross performance figures are before management costs but after transaction costs. Index returns reflect capital gains and losses. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. The calculation method for the value added returns may show rounding differences.

Source: SSGA

Top Holdings

Download All Holdings: Monthly


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.

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