The ETF trades at a competitive 18 basis points fee and tracks the LBMA Gold Price AM USD index. The fund transferred listing from NYSE Arca to Cboe BZX Exchange in February 2022, benefiting from Goldman Sachs' global platform and resources following the acquisition of the Perth Mint Physical Gold ETF sponsorship.
Cyborg Score Rationale
AAAU is a well-established, passively managed commodity ETF with institutional backing from Goldman Sachs and competitive pricing. The $2.42B AUM demonstrates solid investor adoption, though the fund lacks active strategy innovation and faces commodity price volatility.
Top Insights
Physical gold backing: Holdings consist of London Bars and other high-purity gold specifications held in secure custody
Competitive fee structure: 18 basis points expense ratio positions AAAU competitively in the physical gold ETF market
Passive index strategy: The fund directly tracks LBMA Gold Price AM USD with minimal tracking error
Goldman Sachs acquisition: Sponsorship acquisition in December 2020 provided institutional platform support and enhanced custodial oversight
Named Competitors
GLD — Leading commodity ETF for gold exposure
IAU — Physical gold ETF with institutional backing
PHYS — Physical gold trust and bullion storage
Recent Developments
(February 2022) Listing transferred from NYSE Arca to CBOE BZX Exchange
(December 2020) Goldman Sachs Asset Management acquired sponsorship from Perth Mint, renaming to Goldman Sachs Physical Gold ETF
Open the full interactive Goldman Sachs Physical Gold ETF report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.