Overview
Physically-backed gold with a government guarantee. Gold stored in Perth Mint vaults, backed by the Western Australian government — the only gold ETF in the US with sovereign-level custody backing.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| GOLD BULLION | Physical Gold · Perth Mint | 100.0% |
Fund Details
Investment Thesis
AAAU stands apart from all other physically-backed gold ETFs through a unique structural advantage: the gold is stored in the Perth Mint, owned by the Western Australian government, which provides a formal sovereign guarantee on the metal. This eliminates third-party custodian risk entirely. At 0.18% expense ratio, AAAU is cheaper than IAU while offering superior custody security. For investors concerned about counterparty risk in their gold allocation, AAAU provides an unmatched combination of low cost and government-backed security.
Who It's For
Conservative investors who prioritize gold custody security and cost-conscious long-term holders who want lower fees than GLD or IAU. The Western Australian government guarantee makes AAAU uniquely suitable for investors who worry about institutional counterparty risk. Ideal for retirement accounts where gold is held as a long-term wealth preservation asset rather than a tactical trading vehicle.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | $14.02 | -- |
| 2020 | $17.38 | +23.9% |
| 2021 | $16.82 | -3.2% |
| 2022 | $16.62 | -1.2% |
| 2023 | $18.32 | +10.2% |
| 2024 | $24.12 | +31.7% |
| 2025 | $40.78 | +69.1% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | 0.00% |
| 2020 | 0.00% |
| 2021 | 0.00% |
| 2022 | 0.00% |
| 2023 | 0.00% |
| 2024 | 0.00% |
| 2025 | 0.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | $0.1B | -- |
| 2020 | $0.4B | +300.0% |
| 2021 | $0.5B | +25.0% |
| 2022 | $0.5B | 0.0% |
| 2023 | $0.6B | +20.0% |
| 2024 | $0.8B | +33.3% |
| 2025 | $0.82B | +2.5% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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