iShares Gold Producers UCITS ETF

What this fund is

iShares Gold Producers UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker IAUP (ISIN IE00B6R52036). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about tracking physical commodities like gold or oil, which often move differently from shares and are used to spread risk or hedge inflation, spread across its target market. Its largest holdings include AGNICO EAGLE MINES LTD, NEWMONT and BARRICK MINING CORP. Spread across roughly 96 holdings (the ten largest ≈ 60.3%), no one position makes or breaks the fund.

Geographically it leans ~55.6% Canada, ~14.8% United States and ~11.3% Australia. By industry it concentrates most in ~99.8% Materials and ~0.2% Other. It is typically held as a diversifier — a slice that behaves differently from mainstream shares — rather than as a portfolio's main engine. Its ongoing charge (TER) is 0.55% a year — about €55 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. Its price has swung about 50.8% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2011. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from iShares.)