# Golddr

Golddr is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed
- **Website:** www.spdrgoldshares.com

## Regulatory record

- **Reports private funds:** No

## About

SPDR® Gold Shares and SPDR® Gold MiniShares® offer investors an innovative, relatively cost efficient and secure way to access the gold market. An initiative of the World Gold Trust Services.

## Sectors

- Real Assets
- Precious Metals

## Questions

### How does SPDR Gold Shares provide exposure to gold?

The trust holds physical gold bullion in the form of London Good Delivery bars stored in the custodian's London vault. Each share represents a fractional undivided beneficial interest in the trust's net asset value, which tracks the spot price of gold less fund expenses. Shares are created or redeemed in large aggregations by authorized participants, who deliver or receive physical gold, keeping the market price aligned with net asset value.

### Who manages the gold and the trust's operations?

ICBC Standard Bank acts as the custodian responsible for the safekeeping of the gold bullion. The trust is sponsored by World Gold Trust Services, a subsidiary of the World Gold Council, which oversees its management. State Street Global Advisors handles the marketing of the fund. There is no active portfolio manager making directional investment decisions — the trust's sole mandate is passive tracking of gold prices.

### What is the tax structure of the fund and how does it impact allocators?

GLD is organized as a grantor trust for US federal income tax purposes. This means the trust itself is not subject to entity-level tax; instead, shareholders are treated as owning a pro-rata share of the underlying gold and must report their share of any gains or losses. Shareholders are generally subject to collectibles tax rates on capital gains, which are higher than rates on typical equity investments.

### Does the trust engage in derivatives, lending, or other yield-enhancing activities?

No. The trust's sole activity is holding physical gold bullion to track the spot price of gold. It does not engage in gold lending, futures contracts, options, or any form of derivatives trading. Expenses are limited to the sponsor's fee and typical trust operating costs. The fund's prospectus explicitly prohibits active trading or speculative strategies.

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Last updated: 2026-06-03T20:00:00.000Z

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