# Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF Hedged (0AO4)

**Page:** https://fundology.uk/fund/0ao4 · ISIN CH0134034849

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, 0AO4 (Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF Hedged, ISIN CH0134034849) closed at CHF 3,113.31 on the London Stock Exchange. Its ongoing charge is 0.27% a year (about £27 on £10,000). Over the five years to 13/11/2026 its total return was +117.0%, or +69.4% after UK CPIH inflation.

## Summary

Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF Hedged is an exchange-traded fund (ETF) from Raiffeisen, launched in 2011. It tracks the LBMA Gold Price PM - USD - Benchmark Price Return — the price of gold. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.27% a year — about £27 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged to Swiss francs, not to the pound: it aims to remove most of the effect of exchange-rate moves against Swiss francs, so a holder who counts in pounds still has currency risk.

Latest close: **CHF 3,113.31** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0AO4 |
| ISIN | CH0134034849 |
| Category | Gold & commodities |
| Type | ETF |
| Provider | Raiffeisen |
| Tracks | LBMA Gold Price PM - USD - Benchmark Price Return |
| Income | Distributing |
| Ongoing charge | 0.27% a year (£27 per £10,000) |
| Fund size | £300m |
| Launched | 2011 |
| Domicile | Switzerland |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -6.37% | -9.68% | income reinvested |
| 3 years | +78.53% | +61.29% | income reinvested |
| 5 years | +117.03% | +69.41% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF Hedged 0.27% a year. Compared on 14/11/2026, 113 of the 149 other gold and commodity funds charge more, 0 the same and 36 less (share classes counted once).

## Funds tracking the same index

20 funds track LBMA Gold Price PM - USD - Benchmark Price Return, this one included and share classes counted once; their ongoing charges range from 0.11% to 0.69% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Physical Gold ETC | 0.12% | -7.3% | +84.9% | +109.2% |
| Gold Bullion Securities | 0.40% | -7.5% | +83.4% | +106.3% |
| Invesco Physical Gold ETC | 0.12% | -3.7% | +91.6% | +116.7% |
| Invesco Physical Gold GBP Hedged ETC | 0.35% | -3.9% | +100.8% | — |
| iShares Gold ETF (CH) Class A | 0.19% | -3.2% | +91.3% | +116.4% |
| iShares Physical Gold ETC | 0.12% | -3.7% | +91.6% | +116.7% |
| iShares Physical Gold GBP Hedged ETC | 0.25% | -3.6% | — | — |
| Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF Hedged (this fund) | 0.27% | -6.4% | +78.5% | +117.0% |
| Royal Mint Responsibly Sourced Physical Gold ETC | 0.25% | -3.8% | +90.8% | — |
| Swisscanto (CH) Gold ETF Anteile -EAH (GBP)- | 0.40% | +1.7% | +104.3% | +111.7% |
| UBS ETF (CH) - UBS Gold ETF Units -USD acc- | 0.23% | -3.3% | +91.1% | +116.0% |
| UBS Gold hCHF ETF Units -CHF acc- | 0.36% | -12.8% | +78.1% | +93.5% |
| UBS Gold hEUR ETF Units -EUR acc- | 0.31% | -10.2% | +84.6% | +85.9% |
| Wisdomtree Core Physical Gold | 0.12% | -7.3% | +84.9% | — |
| WisdomTree Physical Gold | 0.39% | -7.5% | +83.4% | +106.4% |
| WisdomTree Physical Swiss Gold | 0.15% | -7.3% | +84.8% | +108.9% |
| Xtrackers IE Physical Gold ETC | 0.11% | -3.7% | +91.6% | — |
| Xtrackers IE Physical Gold GBP Hedged ETC | 0.33% | -3.9% | +100.7% | — |
| Xtrackers Physical Gold ETC 2010-15.6.60 Physical Gold Commodity | 0.25% | -3.3% | +90.9% | +115.8% |
| Xtrackers Physical Gold GBP Hedged ETC | 0.69% | -4.1% | +99.7% | +100.7% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.27%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: not usually (overseas fund that is not a UK-recognised UCITS). HMRC’s stocks and shares ISA rules cover UK funds and overseas funds recognised by the FCA (UCITS and qualifying retail schemes). Units in other overseas funds, such as Swiss-domiciled ETFs, do not normally qualify, even when they are listed on a recognised stock exchange. Check with your platform.
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of 0AO4?**

The ongoing charge of 0AO4 is 0.27% a year — about £27 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Raiffeisen ETF - Solid Gold Ounces Klasse -A CHF Hedged 0.27% a year. Compared on 14/11/2026, 113 of the 149 other gold and commodity funds charge more, 0 the same and 36 less (share classes counted once).

**What does 0AO4 track?**

0AO4 tracks the LBMA Gold Price PM - USD - Benchmark Price Return — the price of gold.

**Is 0AO4 accumulating or distributing?**

0AO4 is distributing: income is paid out to holders as cash, usually a few times a year. It pays out annual.

**What is the ISIN of 0AO4?**

The ISIN of 0AO4 is CH0134034849. An ISIN identifies one exact share class of a fund; 0AO4 is its ticker on the London Stock Exchange.

**How has 0AO4 done after inflation?**

Over the five years to 13/11/2026 0AO4’s total return was +117.0%, or +69.4% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.