iShares Gold Trust Micro

Frequently Asked Questions About IAUM

What does IAUM invest in?

The iShares Gold Trust Micro, known hereafter as 'the Trust,' aims to generally mirror the price movements of gold. This Trust operates under a distinct regulatory framework compared to traditional investment vehicles, as it is not registered as an investment company under the 1940 Investment Company Act. Consequently, it is exempt from the same regulatory obligations that apply to mutual funds or ETFs governed by that Act. Additionally, the Trust is not classified as a commodity pool for the purposes of the Commodity Exchange Act. Before committing to an investment, prospective investors are strongly encouraged to thoroughly review the prospectus, which contains important information, including detailed risk factors.

What is the expense ratio of IAUM?

iShares Gold Trust Micro (IAUM) charges an expense ratio of 0.09%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IAUM?

iShares Gold Trust Micro (IAUM) manages $7.95B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is IAUM actively managed or an index fund?

IAUM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was IAUM launched?

iShares Gold Trust Micro (IAUM) launched in June 2021 and is managed by IShares.

How has IAUM performed?

IAUM's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.