iShares Gold Trust Micro cuts sponsor fee from 0.15% to 0.09% annually
The sponsor and trustee of iShares Gold Trust Micro signed an amendment to the trust agreement reducing the sponsor's fee from 0.15% to 0.09% a year. A voluntary fee waiver now caps the post-waiver fee at 0.07%, and that waiver now runs to June 30, 2027 instead of June 30, 2024, which lowers costs for shareholders.
- Sponsor fee reduced from 0.15% to 0.09% annually under the First Amendment dated October 24, 2022
- Voluntary waiver caps the sponsor's fee after waiver at 0.07%
- Waiver expiration extended from June 30, 2024 to June 30, 2027