ETF Evaluator: iShares S&P GSCI Commodity-Indexed Trust (GSG) Follow This ETF

iShares S&P GSCI Commodity-Indexed Trust Overview

iShares S&P GSCI Commodity-Indexed Trust (GSG) is a passively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). iShares launched the ETF in 2006.

The investment seeks to track the results of a fully collateralized investment in futures contracts on the S&P GSCI™ Total Return Index. The Trust holds long positions in index futures that have settlement values at expiration based on the level of the S&P GSCI-ER at that time, and earning interest on its non-cash Collateral Assets used to satisfy applicable margin requirements on those index futures positions. The index reflects the return of the S&P GSCI-ER, together with the return on specified U.S. Treasury securities that are deemed to have been held to collateralize a hypothetical long position in the futures contracts comprising the S&P GSCI™.

About iShares S&P GSCI Commodity-Indexed Trust (GSG)

There are 1 members of the management team with an average tenure of 19.99 years: Management Team (2006). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P GSCI TR USD index with a weighting of 100%. iShares S&P GSCI Commodity-Indexed Trust has 23 securities in its portfolio. The top 10 holdings constitute 67.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

iShares S&P GSCI Commodity-Indexed Trust is part of the Real Assets global asset class and is within the Commodities ETF group. iShares S&P GSCI Commodity-Indexed Trust has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares S&P GSCI Commodity-Indexed Trust has 100.0% of the portfolio in cash.

Assets Under Management

The fund has $839 million in total assets, which is above the $728 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GSG Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares S&P GSCI Commodity-Indexed Trust expense ratio is above average compared to funds in the Commodities Broad Basket category. iShares S&P GSCI Commodity-Indexed Trust has an expense ratio of 0.75%, which is 14% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares S&P GSCI Commodity-Indexed Trust has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 23% for the Commodities Broad Basket category.

Recently, in the month of June 2026, iShares S&P GSCI Commodity-Indexed Trust returned -10.0%, which earned it a grade of F, as the Commodities Broad Basket category had an average return of -7.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

iShares S&P GSCI Commodity-Indexed Trust has a trailing yield of 0.00%, which is below the 5.45% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

iShares S&P GSCI Commodity-Indexed Trust Grades

Year to date, the ETF has returned 23.4%, 9.5 percentage points better than the category, which translates into a grade of A. The fund has returned 29.2% over the past year (grade of A), 13.5% over the past three years (grade of B) and 12.1% per year over the past five years (grade of A) and 6.3% per year over the past 10 years (grade of F).

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