SPDR Gold Shares GLD

SPDR Gold Shares is an ETF (exchange-traded fund) managed by SPDR (State Street), classified by Morningstar as Commodities Focused and domiciled in United States. It was launched on 18 November 2004. It is listed on NYSE Arca in USD under the ticker GLD, ISIN GLD.

It belongs to the gold and commodity family. This covers products backed by physical gold and commodities more broadly. They're mostly held as diversification against equities: commodities don't pay dividends or interest, so their whole return comes from the price, and that price often moves for reasons that have nothing to do with the stock market.

Stated objective, as published by Financial Times:

The investment seeks to reflect the performance of the price of gold bullion, less the expenses of the Trust’s operations. The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.

Financial Times

Technically many of these products are not ETFs but ETCs (exchange-traded commodities), debt instruments backed by the metal rather than funds. The practical consequence is that they don't have a fund's diversification requirements, and you're exposed to the issuer as well as to the metal. For tracking them in Neto it makes no difference: you add them by ticker like any other asset.

These are the other products of the same family in the catalogue. Not all of them track exactly the same index: compare the full name, the TER, the currency, whether they accumulate or distribute and where they are listed.

Product	ISIN / Ticker	Type	Market	Currency	Dividends	Ongoing charge (TER)
iShares Physical Gold ETC	IGLN.L	ETF	London SE	USD	No dividends	n/a
Invesco Physical Gold ETC	SGLD.L	ETF	London SE	USD	No dividends	n/a
iShares Physical Gold ETC	SGLN.L	ETF	London SE	USD	No dividends	n/a

Gold and commodity products

• Open Neto and go to Investments (a Neto PRO feature).
• Search for the product by ISIN (funds) or by ticker (ETFs).
• Enter your units and your average purchase price.
• The app updates the price and recalculates your net worth on its own.

Everything you add feeds the same number you see on the main screen, so you don't keep one app for spending and another for investments: it's the same picture.

What ongoing charge (TER) does SPDR Gold Shares have?

The Financial Times does not publish an ongoing charge for this product on its factsheet. You will find it in the manager's key information document (KID).

Does SPDR Gold Shares accumulate or distribute dividends?

No. This product earns no dividends or interest: its whole result comes from the price of the asset it tracks. In Neto you see it as a change in price.

Where is SPDR Gold Shares listed and in which currency?

On NYSE Arca, in USD, under the ticker GLD (ISIN GLD). The same ETF can be listed on several exchanges with different tickers and the same ISIN; in Neto you search for the ticker listed in the catalogue.

Can I track SPDR Gold Shares in Neto?

Yes. Add it by its ticker, enter your units and average price, and the app keeps the value up to date and adds it to your net worth, next to your accounts, savings and debts. No broker connection.