Goldman Sachs Physical Gold ETF(NYSEMKT) AAAU

Goldman Sachs Physical Gold ETF lets investors buy shares backed by real gold. Each share represents a small piece of physical gold stored in London. This helps people invest in gold without needing to store or insure it themselves.

Gold Bars, No Gimmicks: What’s in the Basket?

• Physical gold bullion: Shares represent direct ownership in London Good Delivery gold bars (100.01% of net assets as of June 30, 2025).
• Share creation/redemption: Large investors trade shares for physical gold in blocks of 25,000 shares, called "baskets."
• Single-segment focus: The trust invests only in physical gold, with no other products or services.

Growth and Expansion: The Slow and Steady Approach

• Launched in 2018, the ETF began trading on the Cboe BZX Exchange.
• Authorized participants include Virtu Americas LLC and Goldman Sachs & Co. LLC as of June 2025.
• No acquisitions, new products, or global expansions reported since launch.

What Makes Goldman Sachs Physical Gold ETF Stand Out?

The ETF offers direct exposure to physical gold, not gold futures or mining stocks. Gold is stored in secure, allocated accounts in London, meeting strict industry standards. The sponsor covers most expenses, keeping costs predictable for investors.

Five Things You Need to Know

• Net assets rose 73.6% to $1.54 billion from Dec 2024 to June 2025.
• Net asset value per share increased 25.8% in the same period.
• Gold holdings reached 469,786.6 ounces as of June 30, 2025.
• Sponsor fee was 0.18% annualized of net assets for the first half of 2025.
• All assets are held as physical gold; no cash or debt on the balance sheet.

Bottom Line

Goldman Sachs Physical Gold ETF gives investors a simple way to own physical gold. The trust’s single focus and low expenses make it a straightforward option for gold exposure.