GSG ETF — Holdings & Analysis

The iShares S&P GSCI Commodity-Indexed Trust (GSG) is an exchange-traded fund designed to provide investors with exposure to the broad commodities market. GSG tracks the S&P GSCI index, which is a benchmark composed of a diversified basket of commodity futures contracts. The fund uses a fully collateralized approach, meaning it holds cash and cash equivalents to back its futures positions. GSG is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940.

The expense ratio for the iShares S&P GSCI Commodity-Indexed Trust (GSG) is 0.75%. This means that for every $1000 invested in the fund, $7.50 goes towards covering the fund's operating expenses annually. While this provides access to a diversified basket of commodity futures, the may be worth researching cost relative to other investment options. The expense ratio is higher than the average expense ratio for commodity ETFs.

As GSG tracks a broad commodity index through futures contracts, its 'holdings' are essentially allocations to various commodity futures. The fund's sector allocation is 100% in 'Cash & Others' which represents the collateral held to support the futures positions. The specific composition of the S&P GSCI index, which GSG tracks, includes futures contracts on energy products like crude oil and gasoline, industrial metals like copper, precious metals like gold and silver, and agricultural commodities like corn and soybeans. The weightings of these commodities within the index can shift over time based on production data and other factors.

Whether GSG is a suitable long-term investment depends on an investor's individual circumstances, risk tolerance, and investment objectives. GSG provides exposure to the commodities market, which can offer diversification benefits and act as a hedge against inflation. However, commodity prices are inherently volatile and can be influenced by a wide range of factors, including global economic growth, supply disruptions, and geopolitical events. GSG's expense ratio of 0.75% can also impact long-term returns. Past performance does not guarantee future results.

GSG competes with other commodity ETFs that offer exposure to broad commodity indexes or specific commodity sub-sectors. One key differentiator is GSG's expense ratio of 0.75%. Some competing ETFs may have lower expense ratios, which can be an advantage for long-term investors. GSG's AUM is $1.00 billion, which indicates it is a relatively large and liquid ETF. Investors should also compare the underlying indexes tracked by different commodity ETFs to understand their specific exposures and risk profiles. GSG is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940.

The iShares S&P GSCI Commodity-Indexed Trust (GSG) does not typically pay dividends. As of 2026-03-15, the dividend yield for GSG is 0.00%. This is because GSG primarily invests in commodity futures contracts rather than dividend-paying stocks or bonds. The fund's returns are derived from the price appreciation of the underlying commodity futures, not from dividend income. Therefore, investors seeking income should consider other investment options.