Ishares Gold TrustIAU

NYSEFinanceCommodity Contracts Brokers & Dealers
Price (close)
$80.30
Market cap
$63.3B
P/E
5.6x
Revenue (TTM)
—
Net income
$11.3B
Dividend yield
—
1-year total return
13.8%
Net margin
—
Revenue growth
—
Debt / equity
—

What Ishares Gold Trust does.

The purpose of the iShares Gold Trust (the “Trust”) is to own gold transferred to the Trust in exchange for shares issued by the Trust (“Shares”). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of gold held by the Trust’s custodian on behalf of the Trust. However, there may be situations where the Trust will unexpectedly hold cash. For example, a claim may arise against a third party, which is settled in cash. In situations where the Trust unexpectedly receives cash or other assets, no new Shares will be issued until after the record date for the distribution of such cash or other property has passed.

The Trust was formed on January 21, 2005 when an initial deposit of gold was made in exchange for the issuance of three Baskets (a “Basket” consists of 50,000 Shares). The Trust is a grantor trust formed under the laws of the State of New York.

The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the “Sponsor”), a Delaware limited liability company and a consolidated subsidiary of BlackRock, Inc. (“BlackRock”). The trustee of the Trust is The Bank of New York Mellon (the “Trustee”) and the custodian of the Trust is JPMorgan Chase Bank N.A., London Branch (the “Custodian”). The agreement between the Trustee and the Custodian is governed by English law. The Trust does not have any officers, directors or employees.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue——————
Net income$4.8B-$1.4B-$539.0M$3.3B$6.6B$24.3B

More on IAU.

Figures from Ishares Gold Trust's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.