tell me more about Goldman Sachs Physical Gold ETF

The **Goldman Sachs Physical Gold ETF (AAU)** is a passively managed exchange-traded fund (ETF) that offers investors a secure way to invest in physical gold. Here are more details about the ETF: 1. **Structure and Holdings**: The ETF holds London Bars and other physical gold specifications, receiving gold deposits from APs in exchange for creating baskets, and delivering gold to APs in exchange for baskets redeemed. This structure ensures that the ETF's holdings directly reflect the price of gold. 2. **Performance and Benchmark**: The ETF aims to track the price of gold spot price accurately, minus the expenses of the trust's operations. This approach provides investors with exposure to gold price movements without the costs and complexities associated with owning physical gold. 3. **Expense Ratio**: The ETF has an expense ratio, which is the annual operating expenses expressed as a percentage of average net assets. The **Goldman Sachs Physical Gold ETF (AAU)** has an expense ratio of 0.18%, which is relatively low compared to other gold ETFs, making it a cost-effective option. 4. **Dividend Frequency**: The ETF distributes its dividend income annually, providing investors with a regular income stream. 5. **Liquidity and Trading**: The ETF has a daily trading volume, which indicates the liquidity of the shares. The **Goldman Sachs Physical Gold ETF (AAU)** has an average daily trading volume of 2.76 million shares. 6. **Management Style**: The ETF is passively managed, which means that it tracks the gold price index closely, without attempting to outperform the market through active investment decisions. 7. **Leverage Ratio**: The ETF is not leveraged, meaning it does not use borrowed capital to amplify its returns, which reduces the risk associated with leverage but also limits potential higher returns. Investors should consider the ETF's expense ratio, performance track record, and operational structure when evaluating its suitability for their investment goals.