from24/7 Wall St.
6 days agoiShares Gold Trust vs SPDR Gold Trust: The 0.15% Fee Gap That Matters More Than You Think
Both trusts exist for one purpose: own physical gold and track the spot price. IAU's prospectus describes the trust as seeking to reflect the performance of the price of gold, before expenses and liabilities, and GLD's mandate is functionally identical. IAU's holdings are reported as 100.02% gold bullion, with the small overshoot reflecting cash and accruals. GLD is structured the same way.
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