Gold Bullion (Currency Hedged) ETF - Global X ETFs - Australia
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GHLD

Gold Bullion (Currency Hedged) ETF

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Overview Performance Holdings & Characteristics Research Documents FAQs

Reasons to Consider GHLD

Market Leader

Global X’s long-term commitment has solidified our position as the market leader in gold-backed exchange traded products in Australia.

Currency Hedged

Limit currency exposure or take a currency view by hedging against AUD/USD fluctuations while remaining fully backed by physical gold bullion.

Cost Effective

At 0.35%, GHLD is the lowest cost currency hedged gold ETF in the Australian market.

Product Information As of 29 Apr 2025

Inception Date 27 Mar 2025
Management Costs (% p.a.) 0.35
Currency Hedged Yes
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes
Vault Location London, UK

Metals Exposure As of 29 Apr 2025

Metals Exposure File View

NAV Information As of 29 Apr 2025

NAV/Unit (A$) 52.30435770
iNAV 52.1373
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 51,500
AUM (A$) 2,693,674.42
NAV History File View

Product Summary

The Global X Gold Bullion (Currency Hedged) ETF (GHLD) offers a simple and cost-effective way to invest in physical gold while being hedged against the risk of a rising Australian Dollar. The gold bullion is vaulted by JPMorgan Chase Bank, N.A. in London and adheres to global gold quality standards as per the London Bullion Market Association’s (LBMA) rules for Good Delivery.

Product Objective

Global X Gold Bullion (Currency Hedged) ETF (GHLD) seeks to provide investment results which correspond generally to the spot price of gold bullion, hedged with the aim of eliminating the impact of currency movements between the US dollar and Australian dollar, before fees and expenses.

Trading Details

Ticker GHLD
Bloomberg Code GHLD AU EQUITY
ISIN AU0000334476
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian JPMorgan Chase Bank, N.A.
Custodian of the Sub-Fund Interests The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited
Trustee Global X Management (AUS) Limited

Benchmark Information

Benchmark Gold Spot Price

Distributions

Distribution Frequency None

Performance Table As of 29 Apr 2025

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 7.36% 7.60% -0.24% 0.11%
3 Months -- -- -- --
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 7.88% 8.13% -0.25% 0.11%

Research

Introducing GHLD: Should You Currency Hedge Your Gold?

Read More

Documents

FAQs

  • Where is the metal stored?

    The physical gold bullion for GHLD is held in the vault(s) of JPMorgan Chase Bank, N.A. in London. The vault is audited twice a year by the auditor inspectorate. All audit reports are made available in the resources section above. Each gold bar in the vault is itemised in a bar-list which can be viewed in the resources section above.

  • Why consider currency hedging my physical gold exposure?

    Hedging helps stabilise returns by reducing currency risk, ensuring your investment reflects gold’s price movements rather than exchange rate fluctuations. Gold is priced in USD, so if the Australian dollar strengthens or US dollar weakens, the local value of your gold may fall.

    Investors that expect a stronger AUD or want to manage volatility may find currency hedging appealing. However, currency hedging is not without downside. For example, investors can lose out on positive currency effects.

    Consider your risk tolerance and whether hedging aligns with your investment goals.

  • How can I use GHLD in a portfolio?

    By hedging your gold exposure, investors can remove the currency risk of their investment and instead access the “pure” performance of physical gold. Investors can also use hedged gold to tactically position their gold allocations and preserve returns compared to unhedged exposures. This is particularly useful if investors expect Australian dollar strength or US dollar weakness.

    Gold, in general, has a low to negative level of correlation with other asset classes, such as equities and fixed income, and can therefore be used to enhance a portfolio’s overall risk/return characteristics through the benefits of diversification.

    Gold has historically performed well during periods of high equity market volatility due to its safe-haven status and can therefore be used as an event risk hedge.

    For centuries gold has been used as a store of value and is independent of the value of any fiat currency. As such, gold is also commonly cited as a hedge against inflation.

  • Can I redeem units of GHLD for physical gold?

    Due to the tax-efficient structure of GHLD, investors cannot redeem GHLD units for physical gold.

    For investors who wish to redeem their units directly in cash: Generally, only Authorised Participants may submit Redemption Requests in respect of some or all of their holdings in the Fund. Holders who are not Authorised Participants may redeem their Units directly with the Fund in limited circumstances, including where there are no Authorised Participants, or where the Responsible Entity has announced that they may do so.

    Holders who are not Authorised Participants are generally expected to realise their investment in Units in the secondary market on the ASX.

    For more information, please refer to the Product Disclosure Statement.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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