![]() ![]() ![]() Brokerage commissions and ETF expenses will reduce returns.Ĭommodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.įrequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.ĭiversification does not ensure a profit or guarantee against loss. Investing involves risk, and you could lose money on an investment in each of SPDR® Gold Shares Trust (“GLD®” or “GLD”) and SPDR® Gold MiniShares℠ Trust (“GLDM℠” or “GLDM”), a series of the World Gold Trust (together, the “Funds”).ĮTFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs’ net asset value. ![]()
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