GBS/GBSS
Gold Bullion Securities
Why Invest?
- Physically backed, direct Investment in Physical Gold.
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Transparency: Metal entitlement is published daily.
- Easy to invest: Everything in one product which does not require the investor to manage storage, insurance or delivery of the metal.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The price of Physical Gold may fluctuate and may be affected by numerous factors including supply and demand, the global financial markets and other political, financial or economic events. The value of securities in this ETP is directly affected by increases and decreases in the value of Physical Gold. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the price of Physical Gold .
- Currency Risk: The price of Physical Gold is generally quoted in US Dollars. To the extent that a security holder values their holdings in another currency, the value will be affected by changes in the exchange rate.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Overview
Fund Overview | |
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Base Currency | USD |
Currency hedged | No – this product is not protected against adverse currency movements |
ISIN | GB00B00FHZ82 |
Leverage Factor | N/A |
Metals Lending | No |
Physical delivery | Yes |
Underlying Exposure | Physically backed with allocated metal subject to LBMA rules for Good Delivery |
Vault Inspector | Inspectorate International (Vault inspected 2x per annum) |
Vault Location | London |
Structure | |
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Domicile | Jersey |
Replication method | Physical - backed by bullion |
Legal form | Debt security |
Legal structure | ETC |
Further Legal and Tax Information | |
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ISA | Eligible |
Sharia compliant | Yes |
Securities regulator | Central Bank of Ireland (CBI) |
Securities regulator | Financial Conduct Authority (FCA UK) |
UCITS Eligible | Eligible |
UK Reporting Status | Yes |
Key Service Providers | |
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Custodian | HSBC Bank plc |
Trustee | The Law Debenture Trust Corporation p.l.c. |
Issuer | Gold Bullion Securities Limited |
Registrar | Computershare Investor Services (Jersey) Ltd |
Fees | |
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MER | 0.40% |
Entry / Exit fees | None when traded on Exchange |
Listings & Codes
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Performance
Benchmark | |
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Month-To-Date (mtd) | 4.32% |
Year-To-Date (ytd) | 21.53% |
1 Year | 30.72% |
2 Year | 34.04% |
3 Year | 46.87% |
4 Year | 43.39% |
5 Year | 80.59% |
Product | |
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Month-To-Date (mtd) | 4.30% |
Year-To-Date (ytd) | 21.26% |
1 Year | 30.20% |
2 Year | 32.97% |
3 Year | 45.11% |
4 Year | 41.11% |
5 Year | 76.99% |
Responsible Investing
SFDR Disclosure
The EU Sustainable Finance Disclosures Regulation (SFDR) took effect on 10 March 2021 as part of the EU Action Plan on Sustainable Finance. The SFDR lays down harmonised sustainability related disclosure rules for EU financial market participants and advisors and requires certain sustainability disclosures to be made for financial products which promote environmental or social characteristics (Article 8 SFDR) and funds which have a sustainable investment objective (Article 9 SFDR).
There are different SFDR product categorisations for these sustainability disclosure requirements:
+ Article 6 products: require disclosures relating to the manner in which sustainability risks are integrated into the decision-making process.
+ Article 8 products: promote, among other characteristics, environmental or social characteristics or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.
+ Article 9 products: have sustainable investment as their objective
Please refer to EU regulation guidelines for more details: https://www.esma.europa.eu/sections/sustainable-finance
ESG Characteristics
In 2012, the London Bullion Market Association (LBMA) implemented their Responsible Gold Guidance (RGG) on ethically sourced gold bars. This is a mandatory framework for all Good Delivery listed refiners wishing to sell into the London Bullion Market designed to combat money laundering, terrorist financing and human rights abuses globally. WisdomTree works closely with their custodians to maximise the physical gold ETC's exposure to gold that is sourced in compliance with the LBMA's Responsible Gold Guidance. To learn more about WisdomTree’s responsible gold initiatives, visit our Responsible Gold page.
For our latest gold research and range information, please visit our Gold ETP page.
Visit our ESG Hub to learn more about WisdomTree's ESG approach.
Underlying Holdings
Gold Spot price
Each individual Gold Bullion Security has an effective entitlement to gold, and that entitlement changes daily to reflect the accrual of the management fee.
Authorised participants create and redeem Gold Bullion Securities by delivering or receiving gold that conforms to LBMA Good Delivery standards.
Gold Bullion Securities are traded on exchange with a price that is based on the spot price of gold multiplied by the applicable metal entitlement.
Price Reference | |
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Price Reference Name | Gold Spot price |
Security | 16 Jul 2024 |
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1. Physically backed with allocated metal subject to LBMA rules for Good Delivery | 100.00% |
Documents and Links |
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Documents
Regulatory
- Gold Bullion Securities - Annual Account 2020
- Gold Bullion Securities - Annual Account 2019
- Gold Bullion Securities - Annual Account 2018
- Gold Bullion Securities - Annual Account 2017
- Gold Bullion Securities - Annual Account 2016
- Gold Bullion Securities - Annual Account 2015
- Gold Bullion Securities - Annual Account 2014
- Gold Bullion Securities - Annual Account 2013
- Gold Bullion Securities - Annual Account 2012
- Gold Bullion Securities - Annual Account 2011
- Gold Bullion Securities - Annual Account 2010
- Gold Bullion Securities - Annual Account 2009
- Gold Bullion Securities - Annual Account 2008
- Gold Bullion Securities - Interim Account 2020
- Gold Bullion Securities - Interim Account 2019
- Gold Bullion Securities - Interim Account 2018
- Gold Bullion Securities - Interim Account 2017
- Gold Bullion Securities - Interim Account 2016
- Gold Bullion Securities - Interim Account 2015
- Gold Bullion Securities - Interim Account 2014
- Gold Bullion Securities - Interim Account 2013
- Gold Bullion Securities - Interim account 2012
- Gold Bullion Securities - Interim Account 2011
- Gold Bullion Securities - Interim Account 2010
- Gold Bullion Securities - Interim Account 2009
- Metal entitlement - Gold Bullion Securities Limited
- Unallocated Account Agreement - Second Amendment
- Unallocated Account Agreement - Third Amendment
- Unallocated Account Agreement (Subscription) - Second Amendment
- UK Reporting Fund Approval Letter - Gold Bullion Securities Ltd
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2009
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2010
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2011
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2012
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2013
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2014
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2015
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2016
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2017
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2018
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2019
- UK Reporting Fund Shareholder Letter - Gold Bullion Securities 2020
- EPT - UK
Prospectus Summary Translation
Historical Data
DISCLAIMERS
The products discussed in this document are issued by Gold Bullion Securities (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by HSBC Bank plc, any of their affiliates or anyone else or any of their affiliates. HSBC Bank plc disclaims all and any liability whether arising in tort, contract or otherwise (save as referred to above) which it might have in respect of this document or its contents otherwise arising in connection herewith