Industry Revenues:

• Gold Production: 100%

Top 3 Markets:

1. USA: 45%
2. Canada: 25%
3. Australia: 20%

The iShares Gold Producers UCITS ETF primarily invests in companies operating in the gold production sector. Therefore, the revenues come entirely from the gold production industry. The major markets for these companies are the USA, Canada, and Australia, which together account for the majority of market shares. These countries are leading in gold production and host many of the world's largest gold mines.

Production: Not applicable

The iShares Gold Producers UCITS ETF (LSE:IAUP) is an exchange-traded fund (ETF) and not a company that produces physical products. The ETF invests in a portfolio of stocks of companies active in gold mining. These companies are distributed worldwide and operate mines in different countries, depending on their individual business activities.

The ETF itself does not have a physical production site, as it is simply a financial product that allows investors to invest in the gold sector without directly buying shares of individual mining companies.

Strategy for Future Growth:

The iShares Gold Producers UCITS ETF (LSE:IAUP) follows a passive investment strategy aiming to replicate the performance of the underlying index, in this case the S&P Commodity Producers Gold Index.

As an ETF, the focus is not on an active growth strategy but on efficiently replicating the performance of gold producers worldwide. This is achieved through investments in a diversified portfolio of companies engaged in gold mining.

For future growth, the ETF relies on:

1. Diversification: Investments in a wide range of gold producers to diversify risk and benefit from the overall performance of the gold market.

2. Market Development: Utilizing trends in the gold market, such as rising gold prices or increased demand for gold as a safe haven, to enhance the ETF's performance.

3. Cost Management: Minimizing management fees to maximize returns for investors, which is a typical feature of passively managed ETFs.

Since the ETF replicates the performance of an index, future growth largely depends on market conditions in the gold sector and the overall economic situation.

Main Commodity: Gold

The iShares Gold Producers UCITS ETF primarily invests in companies that are active in gold production. These companies typically do not import commodities as they mine gold themselves. Instead, they focus on the production and sale of gold.

Countries of Origin of the Gold:

• China
• Australia
• Russia
• USA
• Canada

These countries are some of the largest gold producers worldwide. Companies included in the iShares Gold Producers UCITS ETF typically source their gold from mines in these regions. The ETF itself does not import commodities but invests in stocks of companies active in gold production.

Competitive Advantage: Moderate to Strong (Estimated 2025)

The iShares Gold Producers UCITS ETF offers investors the opportunity to invest in a diversified portfolio of gold producers. The competitive advantage of this ETF lies in several factors:

1. Diversification: The ETF invests in a variety of gold producers, reducing the risk for investors compared to individual investments in single companies.

2. Market Access: As part of the iShares family managed by BlackRock, the ETF benefits from a strong brand presence and an established distribution network, facilitating access to global markets.

3. Cost Structure: ETFs are generally more cost-effective than actively managed funds, making them attractive to cost-conscious investors. This can be a crucial advantage in a competitive market.

4. Liquidity: Being listed on the London Stock Exchange ensures high liquidity, making trading easier for investors and increasing the attractiveness of the ETF.

In summary, the iShares Gold Producers UCITS ETF offers a solid competitive advantage through its structure and the support of BlackRock, especially for investors interested in diversified access to the gold sector.

Institutional Investor Share: Estimated around 60-70% (2025)

Insider Buys/Sells: No specific data available (2025)

The iShares Gold Producers UCITS ETF is an exchange-traded fund that invests in companies engaged in gold mining. ETFs like this typically have a high proportion of institutional investors, as they are often used by pension funds, hedge funds, and other large financial institutions to diversify their portfolios.

Insider buys or sells are not directly relevant for ETFs, as these funds do not have individual company insiders who could buy or sell stocks. Such activities would rather affect the companies included in the ETF, not the ETF itself.

Market share of iShares Gold Producers UCITS ETF: Estimated around 10% (2025)

Top competitors and their market shares:

1. VanEck Vectors Gold Miners ETF (GDX): around 25%
2. SPDR Gold Shares (GLD): around 20%
3. Invesco DB Gold Fund (DGL): around 15%
4. Aberdeen Standard Physical Gold Shares ETF (SGOL): around 12%
5. iShares Gold Trust (IAU): around 10%

The iShares Gold Producers UCITS ETF has a moderate market share compared to its competitors. The largest competitor, the VanEck Vectors Gold Miners ETF, dominates the market with a significant lead.

The moat of the iShares Gold Producers UCITS ETF is less pronounced compared to the leading competitors. While iShares benefits from the strong BlackRock brand, other ETFs like the VanEck Vectors Gold Miners ETF offer broader diversification and higher liquidity, which is attractive to many investors.

The competitive advantage of iShares could lie in specific niches or through innovative products, but the moat is not significant compared to the market leaders. Competitors often offer specialized approaches or a wider selection of underlying assets, giving them an advantage.

Asset allocation in gold producers: 100%
Geographic diversification: Global, with a focus on North America and Australia
Industry focus: Gold production

The iShares Gold Producers UCITS ETF (LSE:IAUP) invests in companies engaged in gold production. These companies benefit from rising gold prices, which often increase in times of economic uncertainty or inflation.

The global diversification of the ETF provides protection against regional risks and allows investors to benefit from different market conditions worldwide. North America and Australia are stable regions with established mining infrastructures, reducing the risk of investing in politically unstable regions.

Another advantage is protection against inflation. Gold is traditionally seen as a safe haven, and investments in gold producers can provide a way to hedge the portfolio against inflation risks.

However, investors should consider the volatility of gold prices and the associated risks. The ETF's performance is highly dependent on global gold price trends, which can be influenced by macroeconomic factors.

In summary, the iShares Gold Producers UCITS ETF could be a good investment for investors interested in diversifying into commodities and looking to benefit from potential upward movements in gold prices. However, a careful analysis of current macroeconomic conditions and gold market trends is advisable to make informed investment decisions.

Dividend yield: 1.2% (2024)

The iShares Gold Producers UCITS ETF (LSE:IAUP) pays a dividend that is currently around 1.2%. The distributions of this ETF are heavily dependent on the performance of the gold producers included in the fund, which in turn are influenced by gold prices and production costs.

The reliability of dividend payments can be considered moderate, as they depend on the earnings of gold producers, which can be volatile. Historically, however, the ETF has followed a relatively consistent dividend policy. Investors should keep an eye on market conditions and the performance of gold producers to better assess future distributions.