Physical Gold Fund (DWS)

Direct exposure to the gold spot price

Aviva's Physical Gold Fund invests in the DWS Xtrackers Physical Gold ETC, which is a collateralised Exchange Traded Commodity (ETC) issued by DWS Investment S.A. The ETC is structured under Luxembourg law and is designed to track the London Bullion Market Association (LBMA) Gold Price PM, offering direct exposure to the spot price of gold.

Please see our Your Investment Guide for more information on the operation, risks, and benefits of investing in this Fund. 

Risk rating

6

as at 01 July 20261

Gold prices can be volatile and influenced by macroeconomic factors, geopolitical events, and interest rate changes. The risk level in the fund may not be reflected in its risk rating.

Asset Class

Alternatives

Investment Style

Passive

Annual Pricing²

Standard +0.25% 

Managed by

DWS

Fund details

Gross Fund Performance Show more Show less

Fund Factsheets Show more Show less

Visit our Fund Centre for factsheets for different fund series.

Physical Gold Fund - download Physical Gold Fund

Key Features Show more Show less

  • The Exchange Traded Commodity (ETC) is collateralised by physical gold.
  • The fund aims to provide investors with returns that reflect the performance of the spot price of gold, before fees and expenses. It is intended for investors seeking:
    • A hedge against inflation or currency risk
    • Portfolio diversification
    • Exposure to gold without the need to physically hold the metal
  • The fund is denominated in USD, so there is currency risk for euro investors.

Availability Show more Show less

All products open to new business excluding corporate master trust: Personal Pensions, PRSAs, Personal Retirement Bonds, Retail, ARFs, Savings & Investments.

SFDR Rating Show more Show less

DWS has determined that this Fund is classified as an Article 6 Fund, so it does not focus on ESG factors or have a specific sustainability objective.

Key documents

Tool

Risk Profile and Portfolio Builder

funds

Key Information Documents (KIDs)

Funds

Sustainability Disclosures

Fund Centre

Visit our Fund Centre for factsheets for different fund series.

Warnings

 

Warning: Past performance is not a reliable guide to future performance. 
Warning: The value of your investment may go down as well as up.
Warning: The income you earn from this investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.
Warning: This fund may be affected by changes in currency exchange rates.
Warning: If you invest in a pension, you will not have access to your money until you retire.

1.  We recognise that investing in funds involves a range of risks, including operational, market, counterparty, and liquidity risks. A key and more visible risk for investors is fund volatility, which can impact the value of investments over time.

We use the ESMA risk rating methodology as the primary, industry-standard measure of this volatility. Funds are monitored against these ratings on an ongoing basis. In certain cases, we may apply a higher, qualitative risk rating where additional considerations, such as liquidity constraints or increased potential for loss, support a more prudent assessment of the overall risk profile.

Risk ratings are stated as at 01 July 2026 and may change over time. For further information, please see the Your Investment Guide.

2.      This Fund Charge is made up of:

  • a fund management charge which is deducted daily from the unit price of the fund(s); and
  • a plan management charge which is taken monthly by deduction of units from the value of your fund(s). If you are invested in more than one fund, this charge will be taken proportionately across the range of funds in which the policy is invested.

The Fund Charge applying to your client’s fund(s) will be shown on their policy schedule. Where a fund invests in another fund(s), additional charges may apply. These charges may vary depending on the specific investments in each fund. Where these charges are applied, they are reflected in the unit price. As a result, the overall charge may be higher than shown in the product documentation.

Aviva Life & Pensions Ireland Designated Activity Company, is a private company limited by shares, registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Tel (01) 898 7950, www.aviva.ie

Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.