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SPDR Gold Shares NYSEARCA : GLD is Arizona PSPRS Trust 6th Largest Position

The move comes as the trust’s overall portfolio value decreased by 1.1% during the quarter.

The Context of the Arizona PSPRS Trust’s Investment Decisions

The Arizona Public Safety Personnel Retirement System (PSPRS) is a defined benefit pension plan that provides retirement benefits to public safety personnel in the state of Arizona. As a fiduciary, the trust is responsible for managing the investments of its beneficiaries, ensuring that their retirement funds are preserved and grow over time. The trust’s investment decisions are guided by a set of rules and regulations that prioritize the long-term sustainability of the fund.

Key Investment Metrics

  • The trust’s portfolio value decreased by 1% during the 3rd quarter. SPDR Gold Shares makes up approximately 0% of the trust’s investment portfolio. The trust sold 3,518 shares of SPDR Gold Shares during the 3rd quarter. ## The Role of SPDR Gold Shares in the Trust’s Portfolio*
  • The Role of SPDR Gold Shares in the Trust’s Portfolio

    SPDR Gold Shares is a popular exchange-traded fund (ETF) that tracks the price of gold. The fund provides investors with exposure to the gold market, allowing them to benefit from the metal’s price movements. In the context of the Arizona PSPRS Trust, SPDR Gold Shares serves as a diversification tool, helping to reduce the trust’s overall portfolio risk.

    Benefits of Diversification

  • Diversification can help reduce portfolio risk by spreading investments across different asset classes. A diversified portfolio can provide a more stable return over the long-term.

    GLD is a gold-tracked ETF, which means its value is directly tied to the value of gold. When the price of gold rises, the value of GLD increases, and when the price of gold falls, the value of GLD decreases.

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