Commodity

CSGLDE

iShares Gold EUR Hedged ETF (CH)

  • NAV as of 22/Nov/2024 EUR 138.54
    52 WK: 103.78 - 142.97
  • 1 Day NAV Change as of 22/Nov/2024 1.59 (1.16%)
  • NAV Total Return as of 21/Nov/2024 YTD: 26.68%

Overview

WHY CSGLDE?

  1. Targeted exposure to the gold spot price and seeks to reduce the effect that movements in exchange rates would have on the performance of the fund.
  2. Direct investment into gold and uses monthly currency forward contracts
  3. Single commodity exposure and USD exposure hedged back to EUR monthly

INVESTMENT OBJECTIVE

The Fund seeks to track the return of the gold spot price and also hedges USD currency of the spot gold price back to EUR.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.



All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company
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Performance

Performance

Chart

View full chart
The London Gold Bullion Association's afternoon fixing was used to calculate the benchmark index until 30.11.2013. After that date, the morning fixing has been used on days when there is no afternoon fixing and only a morning one is available.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -1.1 -13.0 6.7 9.1 -4.5 15.0 21.8 -5.1 -3.1 10.8
Benchmark (%) -0.4 -12.2 7.9 10.3 -3.1 16.4 22.7 -4.5 -2.0 12.7
  From
30/Sept/2019
To
30/Sept/2020		 From
30/Sept/2020
To
30/Sept/2021		 From
30/Sept/2021
To
30/Sept/2022		 From
30/Sept/2022
To
30/Sept/2023		 From
30/Sept/2023
To
30/Sept/2024
Total Return (%)

as of 30/Sept/2024

24.12 -9.04 -6.14 8.58 37.48
Benchmark (%)

as of 30/Sept/2024

25.28 -8.47 -5.15 9.68 38.78
  1y 3y 5y 10y Incept.
Total Return (%) 33.93 12.76 10.11 6.33 4.87
Benchmark (%) 35.18 13.92 11.11 7.41 5.71
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 30.16 3.81 11.98 17.13 33.93 43.38 61.83 84.72 104.70
Benchmark (%) 30.25 3.88 12.36 17.78 35.18 47.84 69.33 104.39 130.95

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, hedged share class benchmark performance is displayed in EUR.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of 22/Nov/2024
EUR 227’758’929
Fund Base Currency
EUR
Benchmark Index
London Gold Price PM (AM) (Hedged into EUR)
Shares Outstanding
as of 22/Nov/2024
1’644’000
Ounces in Trust
-
Total Expense Ratio
0.22%
Use of Income
No Income
Product Structure
Physical
Methodology
Replicated
UCITS Eligible
No
Fund Manager
BlackRock Asset Management Schweiz AG
Custodian
State Street Bank International GmbH, Munich, Zurich Branch
Bloomberg Ticker
CSGLDE SW
Fund Launch Date
05/Oct/2009
Asset Class
Commodity
SFDR Classification
Other
Tonnes in Trust
-
Daily Metal Entitlement per Security
-
ISIN
CH0104136319
Domicile
Switzerland
Rebalance Frequency
None
UCITS Compliant
No
Issuing Company
iShares ETF II (CH)
Administrator
State Street Bank International GmbH, Munich, Zurich Branch
Fiscal Year End
31 May
Valor
10413631
The units are distributing units, however it is not expected that any interest income will be paid as the Fund’s main asset does not produce income.

Portfolio Characteristics

Portfolio Characteristics

Benchmark Level
as of 22/Nov/2024
EUR 511.86
Standard Deviation (3y)
as of 31/Oct/2024
12.69%
Benchmark Ticker
GLDLNEUR
3y Beta
as of 31/Oct/2024
0.99

Ratings

Registered Locations

Registered Locations

  • Liechtenstein

  • Singapore

  • Switzerland

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC WKN
SIX Swiss Exchange CSGLDE EUR 06/Oct/2009 B4WNY68 CSGLDE SW CSGLDE.S A0YCNB

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment EUR 10’000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
7’390 EUR
-26.1%
4’440 EUR
-15.0%

Unfavourable

What you might get back after costs
Average return each year
8’220 EUR
-17.8%
10’300 EUR
0.6%

Moderate

What you might get back after costs
Average return each year
9’840 EUR
-1.6%
12’620 EUR
4.8%

Favourable

What you might get back after costs
Average return each year
13’060 EUR
30.6%
15’370 EUR
9.0%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature