iShares S&P GSCI Commodity-Indexed Trust

iShares S&P GSCI Commodity-Indexed Trust is a Delaware statutory trust that issues Shares representing fractional interests in a portfolio of commodity index futures and collateral assets. The Trust is designed to provide exposure to a diversified basket of physical commodities through exchange-traded futures linked to the S&P GSCI Total Return Index.

133,9 %

−17,0 %

— iShares S&P GSCI Commodity-Indexed Trust
%
Exchange-traded trust shares100% Shares issued by the Trust that provide investors fractional beneficial interests in its net assets.
Commodity index futures exposure0% Long positions in exchange-traded futures contracts tied to the S&P GSCI-ER commodity index.
Collateral assets0% Cash, U.S. Treasury securities, and similar short-term securities held as margin collateral.

The Trust is bought by investors seeking commodity exposure through an exchange-traded vehicle rather than direct...

  • Institutional investorsprimary

    Buy Shares to gain diversified exposure to commodity futures within an exchange-traded structure.

  • Asset managers and portfolio allocatorsprimary

    Use the Trust as a portfolio building block for inflation sensitivity and diversification.

  • Tactical and hedging investorssecondary

    Use the Trust for shorter-term commodity exposure linked to broad commodity price movements.

The Trust is organized in the United States as a Delaware statutory trust and operates under U.S...

  • •U.S.-domiciled Delaware statutory trust
  • •Futures contracts listed on the Chicago Mercantile Exchange
  • •Uses U.S. Treasury securities and cash as collateral
  • •Underlying commodities are sourced from global futures markets

The Trust’s core strategy is to track the S&P GSCI Total Return Index through direct holdings of exchange-traded...

01
Maintain close index trackingshort-term

The product value proposition depends on mirroring the S&P GSCI Total Return Index as closely as possible.

02
Support fully collateralized exposuremedium-term

Collateralization is central to the Trust's structure and investor use case.

03
Preserve diversified commodity exposurelong-term

The index is designed to represent a broad basket of physical commodities across global markets.

The Trust is exposed to commodity price volatility because Share value moves with the futures contracts in the S&P...

high

Commodity price volatility

Share value depends on futures prices linked to a diversified commodity basket, which can change rapidly.

Scope
Index Futures and Share value
Materiality
high
high

Futures market liquidity and tracking error

The Trust relies on exchange-traded futures, and imperfect correlation can cause returns to diverge from the index.

Scope
Index tracking and execution
Materiality
high
medium

Clearing and counterparty risk

The Trust is exposed to the CME clearing house and its futures commission merchant for settlement and margin recovery.

Scope
Index Futures and collateral assets
Materiality
high
medium

Operational and cybersecurity risk

NAV calculation, trading, recordkeeping, and shareholder processing depend on electronic systems and service providers.

Scope
Trust operations and Shareholder records
Materiality
medium
low

Interest rate risk on collateral assets

Cash equivalents and U.S. Treasury securities can decline in value when rates rise.

Scope
Collateral Assets
Materiality
medium
Fair value of futures contracts
Directly affects net asset value and reported results
Valuation of collateral securities
Affects asset balances and income recognition
Creation and redemption accounting
Influences per-Share metrics and NAV movement
Derivative and futures accounting
Shapes period-to-period performance and comparability

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: 29/04/2026