Gold price volatility
The Trust is passive and does not hedge against declines in bullion prices.
- Scope
- Share value and NAV
- Materiality
- high
iShares Gold Trust Micro
iShares Gold Trust Micro is a U.S.-formed grantor trust that issues shares representing fractional interests in gold bullion held by a custodian. Its structure is designed to give investors exposure to the price of gold through exchange-traded shares on NYSE Arca, with creation and redemption handled in large baskets by authorized participants.
| % | |
|---|---|
| Exchange-traded gold exposure | 100% Shares that provide fractional beneficial interests in gold bullion held by the Trust. |
The Trust is used by investors who want liquid, exchange-traded exposure to gold without holding bullion directly...
- Retail investorsprimary
Buy shares on NYSE Arca for convenient gold exposure through standard brokerage accounts.
- Institutional investorsprimary
Use the Trust for portfolio diversification, inflation hedging, or tactical gold exposure.
- Authorized participantssecondary
Create and redeem baskets of shares in exchange for gold to support market liquidity.
- Secondary-market traderssecondary
Trade shares around NAV and use arbitrage opportunities tied to gold pricing.
The Trust is organized in New York, with the sponsor based in the United States and shares listed on NYSE Arca...
- •Formed under New York law in the United States
- •Shares trade on NYSE Arca in the U.S. market
- •Gold is custodied through JPMorgan Chase Bank N.A., London Branch
- •Valuation references the LBMA Gold Price in London
- •No operating manufacturing or sales footprint
The Trust’s core strategy is to maintain a passive structure that tracks the price of gold as closely as possible...
01
Maintain close tracking to gold pricesshort-term
The Trust exists to mirror bullion performance, so benchmark selection and NAV calculation are central.
02
Preserve creation/redemption efficiencymedium-term
Basket transactions help keep market price near NAV and support liquidity in the shares.
03
Maintain custody and benchmark integritylong-term
Investor confidence depends on secure bullion storage and reliable pricing references.
The Trust is exposed to gold price volatility because its value is intended to move with bullion prices and it does not...
Benchmark disruption or loss of confidence in LBMA Gold Price
NAV depends on the benchmark used to value the bullion each day.
- Scope
- Valuation and investor returns
- Materiality
- high
Premium/discount to NAV
Secondary-market trading can diverge from underlying gold value due to liquidity and timing effects.
- Scope
- Trading price
- Materiality
- medium
Cybersecurity and service-provider disruption
The Trust relies on external systems for custody, NAV calculation, and trading support.
- Scope
- Operations and records
- Materiality
- medium
Sponsor conflict of interest
The sponsor and affiliates manage other gold and precious-metals products.
- Scope
- Governance and allocation of attention
- Materiality
- medium
Fair value measurement of gold bullion
Directly affects NAV and per-share value
Accrued fees and liabilities
Affects net asset value and expense recognition
Share creation/redemption accounting
Affects share count, NAV per share, and gold holdings
: 29.4.2026