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GLDM expense ratio now .10%
Posted: Wed Mar 09, 2022 8:41 pm
by whatchamacallit
Happened to be looking at GLDM and noticed they changed their expense ratio from .18 to .10
https://www.ssga.com/library-content/pr ... on-faq.pdf
Re: GLDM expense ratio now .10%
Posted: Thu Mar 10, 2022 2:01 pm
by ppnewbie
thats great. I need to dig in to double check who the custodian is. Last time I checked it was a chinese bank. I think IAUM is still .15. I wish I IAU would just drop the expense rather than having to move money around. Especially, if its the same fund manager.
Re: GLDM expense ratio now .10%
Posted: Thu Mar 10, 2022 2:04 pm
by ppnewbie
Industrial and Commercial Bank of China Limited (ICBC) is the custodian - GLDM
JPMorgan Chase Bank N.A., London branch (the “Custodian”), is the custodian of the Trust. - IAUM, and I believe IAU.
Re: GLDM expense ratio now .10%
Posted: Thu Mar 10, 2022 3:52 pm
by whatchamacallit
Eek. I thought I saw it was in London at least.
Maybe that will be a good thing that it is Chinese if there is a world order change.
Re: GLDM expense ratio now .10%
Posted: Thu Mar 10, 2022 4:51 pm
by ppnewbie
whatchamacallit wrote: ↑Thu Mar 10, 2022 3:52 pm
Eek. I thought I saw it was in London at least.
Maybe that will be a good thing that it is Chinese if there is a world order change.
Funny that's exactly what I was thinking.
Re: GLDM expense ratio now .10%
Posted: Fri Mar 11, 2022 9:00 am
by I Shrugged
As a big hodler of GLD with fees of 40 basis points, this pisses me off. I need to contact them to see if I can make a non taxable shift to GLDM. Although the China thing is concerning.
Re: GLDM expense ratio now .10%
Posted: Sat Mar 12, 2022 1:03 pm
by jhogue
SGOL has a net expense ratio of 0.17%. All of the ETF's gold is stored in Switzerland.
Will that make any difference? Hard to say, but it holds out the possibility of geopolitical diversification because it is a neutral country that is Western, but not a member of NATO (or any other military alliance, for that matter).