- Last Ratings Update:10/31/2014
- Price as of 10/31/2014 :$11.35
- Net Assets:$6,964.5 Million
- Peer Rank:17 of 40
- Investment Rating:E+
We rate iShares Gold Trust at E+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Negative factors that influence this rating include a well below average total return. The fund may be considered for investors seeking a Sector - Precious Metals strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The iShares Gold Trust has returned an annual rate of 10.55% since inception. More recently, the fund has generated a total return of 1.53% in the last five years, -12.20% in the last three years, and -9.13% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 18% of them. It has also outpaced 8% of its competitors on a three year basis and 11% of them over the last year for the period ending 10/31/2014. On a year to date basis, IAU has returned -0.68%.
Downside risk has been above average. IAU has a draw down risk of -34.28%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 17.8%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 10/31/2014, the fund was trading at a price of $11.35, which is 6.5% below its 52-week high of $12.14 and 1.0% above its 52-week low of $11.24.
Low expense ratio helps performance. On total assets of $6.96 billion, IAU maintains a low expense ratio compared to its Sector - Precious Metals peers of just 0.25% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As IAU is an exchange traded fund, it has no front end or back end load.
The iShares Gold Trust is managed by Index Strategies Group at BlackRock Fund Advisors. This fund is one of 294 BlackRock Fund Advisors exchange-traded funds launched since 3/12/1996 that we track.
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