Key Highlights

  • The product is backed by physical allocated gold held in London by JP Morgan Chase Bank, N.A.
  • Each unit represents a beneficial interest in about 1/100th of a fine troy ounce.
  • The management fee is 0.40% and the fund size is $5.81 billion.
  • No distributions are listed, and the portfolio contains a single asset: gold.

Global X Physical Gold Structured Product (ASX:GOLD) offers access to physical gold, providing a return equivalent to movements in the gold spot price less the applicable management fee. The product was admitted to the ASX on 28 March 2003 and last traded at $55.09 on 13 October 2026. It reports a fund size of $5.81 billion and sits in the Commodities & Precious Metals category.

Detail

Information

Ticker

ASX:GOLD

Product

Global X Physical Gold Structured Product

Category

Commodities & Precious Metals

Benchmark

Gold Spot Price TR AUD

Fund size

$5.81 billion

Management fee

0.40%

Units on issue

105,803,055

ASX admission date

28 March 2003

Custody and backing

The product is backed by physical allocated gold. Each unit represents a beneficial interest in approximately 1/100th of one fine troy ounce, held by JP Morgan Chase Bank, N.A. as custodian in vaults in London.

Asset allocation shows 100% in the Other category, and the fund reports one holding: gold, at 100.00%. It carries no stock, bond or cash allocation.

Cost and risk characteristics

The management fee is 0.40% a year, higher than the fees on the broad share index funds in this group. The fund reports a beta of 0.03 and a standard deviation of 20.52, indicating little correlation with equity markets but wide price variation of its own.

The product reports 100% of its assets in a single holding, which keeps its risk profile tied to one commodity.

No distributions

The fund does not list a distribution type, amount or dates, and its annual yield is shown as nil. Returns therefore depend on movements in the gold spot price, net of the management fee, rather than income payments.

Category classification and liquidity

Morningstar places the fund in the Commodities & Precious Metals category, which covers funds investing primarily in direct holdings or derivative securities that provide exposure to changes in the price of soft or hard commodities, including precious metals; funds in this category do not receive a Morningstar rating because their constituents can differ widely.

Liquidity indicators add a further view. There are 105,803,055 units on issue, and average daily trading volume is 247,610 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 80,600 to 123,100 units, with 102,473 recorded on 13 October while the market was still open. The bid-offer range stood at $55.07 to $55.12, and the day range at $54.55 to $55.09. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer published Annual Statements 2026 on 16 September, Half Year Accounts on 10 September, and Units on Issue for August 2026 on 7 September. A Quarterly Exit Periodic Statement followed on 14 August, alongside a Replacement Prospectus dated 13 August 2026.

Final Takeaway

GOLD concentrates on a single asset held in custody in London and carries a 0.40% fee with no income component. Its standard deviation of 20.52 shows the price variability inherent in a gold-linked product. These points describe the structure and are not a prediction.