GSG ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

GSG's expense ratio is 0.75%, which is higher than some other commodity ETFs. As of 2026-03-15, GSG's investment is speculative and involves a high degree of risk, and it is not subject to the same regulatory requirements as registered investment companies.

iShares S&P GSCI Commodity-Indexed Trust (GSG) ETF — Price, Holdings & Analysis

The iShares S&P GSCI Commodity-Indexed Trust (GSG) is designed to track the performance of a fully collateralized investment in commodity futures. With approximately $1.00 billion in assets under management, GSG provides exposure to a diversified group of commodities futures. GSG's expense ratio is 0.75%, which is higher than some other commodity ETFs. As of 2026-03-15, GSG's investment is speculative and involves a high degree of risk, and it is not subject to the same regulatory requirements as registered investment companies.

ETF Overview

The iShares S&P GSCI Commodity-Indexed Trust (the 'Trust') seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodities futures.The iShares S&P GSCI Commodity-Indexed Trust 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. Investments in shares of the Trust are speculative and involve a high degree of risk. Before making an investment decision, you should carefully consider the risk factors and other information included in the prospectus.

The iShares S&P GSCI Commodity-Indexed Trust (GSG) offers investors exposure to the commodities market through futures contracts. GSG tracks the S&P GSCI index, which represents a diversified basket of commodities, primarily energy products, but also industrial and precious metals, agriculture, and livestock. The fund uses a fully collateralized approach, meaning it holds cash and cash equivalents to cover its futures positions. With 100% of its assets allocated to 'Cash & Others,' GSG's returns are closely tied to the performance of the underlying commodity futures contracts rather than direct commodity ownership. This ETF is suitable for investors seeking to diversify their portfolios with commodities, potentially as a hedge against inflation or currency fluctuations. However, it's important to note that GSG is not registered under the Investment Company Act of 1940, which may expose investors to different risks than traditional ETFs.

Risk Metrics

Investing in the iShares S&P GSCI Commodity-Indexed Trust (GSG) involves several risks. GSG has a beta of 0.92, indicating it generally moves in tandem with the broader market but with slightly less volatility. The fund's expense ratio of 0.75% can create a drag on returns, particularly in periods of low commodity price appreciation. A significant risk stems from its structure as it is not registered under the Investment Company Act of 1940, potentially exposing investors to different regulatory oversight than traditional ETFs. Additionally, GSG's concentration in commodity futures contracts introduces risks related to commodity price volatility, contango (where futures prices are higher than spot prices), and regulatory changes in the commodities market. Investors should carefully consider these factors before investing.

Expense Ratio

0.75%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

iShares Gold Trust (IAU) — 0.25% expense ratio
SPDR Gold Shares (GLD) — 0.40% expense ratio
ProShares - UltraShort Silver (ZSL) — 0.95% expense ratio
ProShares - UltraShort Bloomberg Natural Gas (KOLD) — 0.95% expense ratio
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI) — 0.85% expense ratio

iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) (Fixed Income) — 0.49% expense ratio
iShares 20+ Year Treasury Bond ETF (TLT) (Fixed Income) — 0.15% expense ratio
iShares Climate Conscious & Transition MSCI USA ETF (USCL) (Equity) — 0.08% expense ratio

Risk Metrics

Beta: 0.92

Questions & Answers

What is GSG and what does it track?

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.

What is the expense ratio for GSG?

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 cost relative to other investment options may be worth researching. The expense ratio is higher than the average expense ratio for commodity ETFs.

What are the top holdings in GSG?

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.

Is GSG a good long-term investment?

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.

How does GSG compare to similar ETFs?

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.

Does GSG pay dividends?

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.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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