Performance & Risk: IAU

ISHARES GOLD TRUST

14.25down-0.02 (-0.14%)

 as of 8:00:00pm ET 10/18/2019

Premium / Discount to NAV as of 09/30/2019

Premium Chart
Date Average
09/2019 -0.22%
08/2019 0.33%
07/2019 0.17%
06/2019 0.22%
05/2019 0.03%
04/2019 0.03%
03/2019 0.01%
02/2019 -0.04%
01/2019 0.07%
12/2018 0.07%
11/2018 -0.01%
10/2018 -0.01%
1 Year Average0.05%

Growth of Hypothetical $10,000 * as of 09/30/2019

Growth Chart
Date Value
09/30/2019 $16,326.16
12/31/2018 $14,113.81
12/31/2017 $14,313.36
12/31/2016 $12,828.25
12/31/2015 $11,785.63
12/31/2014 $13,339.23
12/31/2013 $13,397.92
12/31/2012 $18,597.70
12/31/2011 $17,160.92
12/31/2010 $15,793.10
12/31/2009 $12,344.83

Cumulative Total Returns As of 10/18/2019

NAV Return Market Return LBMA Gold PM Price
AS OF 10/17/2019
YTD +16.04% +15.95% +16.70%
5 Day +0.78% +0.28% -0.14%
4 Week -0.77% -1.79% -0.54%
13 Week +3.49% +4.40% +5.31%
6 Month +16.71% +16.61% +16.99%
52 Week +21.07% +21.28% +22.05%

Month-End Average Annual Total Returns And Risks As of 09/30/2019

Returns Volatility (vs. Market Benchmark)
Average NAV Return Market Return Benchmark Index
(LBMA Gold PM Price)
AS OF 09/30/2019
Market Benchmark
()
AS OF --
Alpha R2 Beta Standard
Deviation
Sharpe
Ratio
1 Year +24.78% +23.36% +25.10% -- 23.28% 0.94% -0.05% 11.64% 1.81%
3 Year +3.68% +3.57% +3.95% -- 4.07% 0.45% 0.04% 10.89% 0.18%
5 Year +3.81% +3.80% +4.07% -- -- -- -- 13.21% 0.21%
10 Year +3.68% +3.61% +4.08% -- -- -- -- 15.78% 0.19%
Life +8.55% +8.48% +8.87% -- -- -- -- 18.35% 0.39%
Life as of NAV inception date: 01/28/2005   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

Quarter-End Average Annual Total Returns As of 09/30/2019

Return Before Taxes (pre-tax) Return After Taxes On Distribution (post tax) Return After Taxes On Distribution
& Sale of Fund Shares (liquidation)
Average NAV Return Market Return NAV Return Market Return NAV Return Market Return
1 Year +24.78% +23.36% +24.78% +23.36% +14.67% +13.83%
3 Year +3.68% +3.57% +3.68% +3.57% +2.83% +2.75%
5 Year +3.81% +3.80% +3.81% +3.80% +2.95% +2.95%
10 Year +3.68% +3.61% +3.68% +3.61% +2.90% +2.85%
Life +8.55% +8.48% +8.55% +8.48% +7.21% +7.15%
Life as of NAV inception date: 01/28/2005   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.
Gross Expense Ratio: 0.25%

Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. Assumes the highest tax rate in calculating and follow the SEC guidelines for calculating returns before sale of shares. Click here to learn more.

Risk

Commodity ETPs generally involve greater risk than broad-based ETFs due to the volatile nature of commodities prices and indexes and can be significantly impacted by changes in supply and demand relationships, interest rates, monetary and other governmental policies or factors affecting a particular sector or commodity. ETPs that track a single sector or commodity may exhibit even greater volatility. Commodity ETPs which use futures, options, or other derivative instruments may involve still greater risk, and performance can deviate significantly from the spot price performance of the referenced commodity, particularly over longer holding periods. The direct purchase of precious metals and other collectibles in an IRA or other retirement plan account can result in a taxable distribution from that account (except as specifically provided under IRS rules). If precious metals or other collectibles are held in an ETF or other underlying investment vehicle, you should first confirm that such an investment is appropriate for a retirement account by reviewing the prospectus or other issuing documentation and/or checking with your tax advisor. Some ETF sponsors include a statement in the prospectus that an IRS ruling was obtained providing that the purchase of the ETF in an IRA or retirement plan account will not constitute the acquisition of a collectible and as a result will not be treated as a taxable distribution.

Grantor trusts are not mutual funds. Unlike ETFs, grantor trusts do not track an index. Instead, they hold a fixed portfolio of assets that cannot be added to or subtracted from at a later date. They are not rebalanced. Over time, this can lead to increased concentration (less diversification) as certain assets may grow larger than others in the portfolio. The grantor trust structure is typically used with Holding Company Depository Receipts (HOLDRS), commodities, and currencies.

Exchange traded products (ETPs) are subject to market volatility and the risks of their underlying securities which may include the risks associated with investing in smaller companies, foreign securities, commodities and fixed income investments. Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which are magnified in emerging markets. ETPs that target a small universe of securities, such as a specific region or market sector are generally subject to greater market volatility as well as the specific risks associated with that sector, region or other focus. ETPs which use derivatives, leverage, or complex investment strategies are subject to additional risks. The return of an index ETP is usually different from that of the index it tracks because of fees, expenses and tracking error. An ETP may trade at a premium or discount to its Net Asset Value (NAV) (or Indicative Value in the case of ETNs). Each ETP has a unique risk profile which is detailed in its prospectus, offering circular or similar material, which should be considered carefully when making investment decisions.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

Quarter-End returns include all applicable recurring and non-recurring fees (including short-term trading or redemption fees) and charges, if any.
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*The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

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