Effective March 20, , the SPDR Gold Trust (GLD) adopted the LBMA Gold Price . Please see the GLD prospectus for a detailed discussion of the risks of. Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. The GLD prospectus is available by clicking here here. You may. SPDR Gold Shares (GLD®) offers investors a modern, cost-efficient and secure way to .. Please see the GLD prospectus for a detailed discussion of the risks of .
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Investors may acquire ETFs and tender them for redemption through the Fund in Prospeftus Unit Aggregations glx, please see the prospectus for more details.
Neither the UIT nor the open-end fund structure is ideal for holding commodities as a primary investment objective. As a result, a significant number of open-end ETFs may use optimization or sampling methodologies to match the characteristics of the index as opposed to owning each and every security. Actual after tax returns depend on the investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold gldd fund shres through tad deferred arrangements such as k plans or individual retiredment accounts.
This document includes “forward-looking statements” which generally relate to future events or future performance. Read it carefully before investing. Consequently, all the forward-looking statements made in this material are qualified by these cautionary statements, and there can be no assurance that the actual results or developments the Sponsor or the Marketing Agent anticipates will be realized or, even if substantially realized, that they will result in the expected consequences prospwctus, or have the expected effects on, the Trust’s operations or the value of the Shares.
Neither the Sponsor, the Marketing Agent nor any other person assumes responsibility for the accuracy or completeness of the forward-looking statements. Performance Chart Get a deeper view of how an ETF’s allocation to different sectors, countries and market capitalizations may impact its performance.
Frequent trading of ETFs could significantly increase prospectu and other costs such that they may offset any savings from low fees or costs. An investment advisor is responsible for investment management and administration of traditional open-end ETFs. As a result, many ETFs that invest in commodities, such as gold, are structured as grantor trusts, prospectks are registered under the Securities Act ofbut not prospectux under the Prospectks Company Act of UITs and grantor trusts typically do not have an investment advisor as one is not required by trust charter due to very clear and straightforward objectives of literally replicating a benchmark index or holding a physical commodity.
Another notable distinction of UITs surrounds dividend payments whereby any dividends that the fund receives typically cannot be reinvested in additional securities.
SPDR ETFs: Basics of Product Structure
The information provided is as of the date indicated and prospecyus subject to change. Risk associated with equity investing include stock values which may fluctuate in response to the activities prosprctus individual companies and general market and economic conditions. Alternatively, the Trust will arrange to send you the prospectus if you request it by calling The value of GLD shares relates directly to the value of the gold held by GLD less its expensesand fluctuations in the price prospsctus gold could materially and adversely affect an investment in the shares.
Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the Trust and this offering.
Investing involves risk, and you could lose money on an investment in GLD. An investor acquires shares, each of which represents a fractional ownership in the portfolio of securities or assets held.
UITs are also not allowed to hold futures, options, or swaps, and, as a result, are not prospectuz to counterparty risk.
SPDRÂ® Gold Shares
Before you invest, you should read the prospectus in that registration statement and other documents GLD has filed with the SEC for more complete information about GLD and this offering. GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share will decline over time. This flexibility is particularly critical when an ETF seeks to track a benchmark with a large number of constituents or one that targets securities that may be hard to trade or custody.
To obtain a prospectus or summary prospectus which contains this and other information, calldownload a prospectus or summary prospectus now, or talk to your financial advisor. It can be found in the fund’s most recent prospectus. Please see the prospectus for more details. Although ETFs may be bought and sold on the exchange through any brokerage account, ETFs are not individually redeemable from the Fund.
After Tax Returns After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. As a result, shareholders of the Trust do not have the protections associated with ownership of shares in an investment company registered under the Act or the protections afforded by the CEA.
The barlist includes ounces of gold on a settlement date basis, while ounces shown on the website are on a trade date basis. Swipe to view all columns. Commodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.
NAV The market value of a mutual fund’s or ETFs total assets, minus liabilities, divided by the number of shares outstanding. No Source shall be liable for any damages, including without limitation, any special, punitive, indirect, incidental or consequential damages, or any lost profits, arising from the use of or reliance on the Content, even if advised of the possibility of such damages. This cash flow table and the data contained herein together, “Content” is provided for informational purposes only, on an “as is” basis.
This analysis or any portion thereof may not be revised or changed in any way, reprinted, sold or redistributed without the written consent of SSGA.
SPDR Gold Shares
After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each glld year. Margin trading can add to the speculative risk involved given the potential for margin calls if the price moves against the contract holder. GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. Brokerage commissions and ETF expenses will reduce returns. In addition, most open-end ETFs are allowed to invest some portion of their assets usually no.
ICE Benchmark Administration Limited accepts no liability or responsibility for the accuracy of the prices or the underlying product to which the prices peospectus be referenced. Likewise, open-end ETFs are also allowed to engage in securities lending. No source of Content, or any of its affiliates each a “Source”makes any warranty, express or implied, that the Content is accurate, complete or error-free, and it should not be relied upon as such. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them.
The market value of a mutual fund’s or ETFs total assets, minus liabilities, divided by the number of shares outstanding. A trust company, bank or similar financial institution is responsible for holding and safeguarding the securities owned by an ETF, UIT or grantor trust.
To obtain a prospectus or summary prospectus which contains this and other information, call Glf after tax returns could differ after year end tax adjustments are accounted for.
GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share prispectus decline over time to that extent.
As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.
It is also obligated to make this data available to the investment adviser or trustee as well as publicly publishing the index for use in the capital markets.