SGLN

iShares Physical Gold ETC (SGLN) is a London-listed exchange-traded commodity that provides targeted exposure to the spot price of gold by holding allocated physical bullion that meets LBMA Good Delivery standards. The ETC is physically backed and uses physical replication; custody is provided by JPMorgan Chase Bank N.A., London Branch. Key product facts include a total expense ratio of 0.12% and disclosure of daily metal entitlement; as of 9 April 2026 the issuer reports approximately 253.03 tonnes (8,135,040.86 ounces) in trust. The fund’s returns track movements in the LBMA gold price and are driven by macro factors such as real interest rates, inflation expectations, currency moves and central bank and jewellery demand. Main risks are commodity-price volatility, potential tracking differences between market price and NAV, and operational or custodial risk associated with allocated storage. The ETC is typically used as an inflation hedge, portfolio diversifier, or a way to hold allocated gold without taking physical delivery.