Gold Bullion Securities
GBS/GBSS is backed by physical allocated gold held by HSBC Bank plc (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.
GBS/GBSS also has a unique feature allowing investors to redeem their securities directly for physical gold. They can receive either unallocated gold or Britannias or Sovereigns, Britain's premier investment bullion coins issued by The Royal Mint of Great Britain. For more information, please contact us.
|Currency hedged||No – this product is not protected against adverse currency movements|
|Daily Change (06 Dec 2019)||-1.11%|
|Price (NAV) (06 Dec 2019)||$136.88|
|Underlying Exposure||Physically backed with allocated metal subject to LBMA rules for Good Delivery|
|Vault Inspector||Inspectorate International (Vault inspected 2x per annum)|
|Replication method||Physical - backed by bullion|
|Legal form||Debt security|
|Securities regulator||Financial Conduct Authority (FCA UK)|
|UK Reporting Status||Yes|
|Key Service Providers|
|Custodian||HSBC Bank plc|
|Trustee||The Law Debenture Trust Corporation p.l.c.|
|Issuer||Gold Bullion Securities Limited|
|Registrar||Computershare Investor Services (Jersey) Ltd|
|Entry / Exit fees||None when traded on Exchange|
Listings & Codes
|Listings & Codes|
i The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.
† Source: Bloomberg, all data delayed at least 15 minutes.
Note: Volume is the number of securities traded on the relevant Exchange. Estimated value of securities traded (volume x Last price). For the purposes of showing the total turnover, we convert the turnover for each product from its trading currency into USD using a standard end-of-day benchmark exchange rate.
Spot Gold LBMA specifications
Each individual Gold Bullion Security has an effective entitlement to gold, and that entitlement changes daily to reflect the accrual of the management fee.
Authorised participants create and redeem Gold Bullion Securities by delivering or receiving gold that conforms to LBMA Good Delivery standards.
Gold Bullion Securities are traded on exchange with a price that is based on the spot price of gold multiplied by the applicable metal entitlement.
|Index Name||Spot Gold LBMA specifications|
|Index Constituent Count||1|
|Reuters Index Ticker||XAU=|
|Security||06 Dec 2019|
|1. Physically backed with allocated metal subject to LBMA rules for Good Delivery||100.00%|
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