Highlights

  • RING follows a defined index Investment mandate.
  • The fund reported 40 holdings on 4 November 2026.
  • Net Assets were approximately USD 2.28 billion on 5 November 2026.
  • The expense ratio is 0.39%, with semiannual distributions listed.

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) seeks to track the MSCI ACWI Select Gold Miners IMI Index (Net). RING closed at USD 73.94 on 4 November 2026. Net assets were approximately USD 2.28 billion on 5 November 2026. The fund’s investment universe and the weight of its individual positions define the exposure available through its shares.

Investment mandate and underlying exposure

The fund targets global companies primarily engaged in gold mining. Its investment exposure is through listed securities, so company operations and finances contribute to portfolio value alongside developments in gold markets. The portfolio does not represent direct ownership of physical bullion.

Major Mining and precious metals businesses occupy substantial positions among the disclosed holdings. These companies can have different assets, production costs and Business structures. Nevertheless, common precious metals prices can influence several holdings, making sector concentration relevant despite the presence of multiple issuers.

Holdings weights and portfolio structure

As of 4 November 2026, Newmont represented 17.96%; Agnico Eagle Mines represented 13.00%; Barrick Mining represented 8.75%; Wheaton Precious Metals represented 7.60%; Gold Fields represented 4.22%; Anglogold Ashanti Plc represented 4.11%.

The holdings weights describe individual security positions on the stated date and can change. Comparing the largest weights with the full holdings count helps distinguish security breadth from company concentration. A portfolio with many constituents can still be influenced materially by a smaller group of leading businesses.

Fund costs distributions and risks

The listed expense ratio is 0.39%, and distributions are scheduled semiannually. Fund distributions can vary with portfolio income and other relevant cash flows. The expense ratio describes a fund-level cost; trading shares can also involve Transaction Costs and a difference between the prices available to buyers and sellers.

Gold prices, mine operating costs, reserve replacement and project execution can affect the underlying businesses. Political developments and exchange rates can also matter across mining jurisdictions. Mining Equity prices do not necessarily move in a fixed proportion to bullion prices.

Key Insights

RING provides a defined exposure through its benchmark mandate. Major mining and precious metals businesses occupy substantial positions among the disclosed holdings. The 40 reported holdings, their individual weights and the 0.39% expense ratio are relevant to interpreting the portfolio. The mandate and underlying instruments determine which economic risks remain shared across otherwise separate positions.