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About SPDR Gold MiniShares Trust
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Inception date
Jun 25, 2018
Structure
Grantor Trust
Replication method
Physical
Distribution tax treatment
Return of capital
Income tax type
Collectibles
Max ST capital gains rate
39.60%
Max LT capital gains rate
28.00%
Distributor
State Street Corp. (Fund Distributor)
GLDM is a slightly modified alternative to State Streets behemoth gold fund, GLD. There are two main differences between this offering and its predecessor. First, the handle: GLDM holds a fraction of the amount of gold per share as GLD, or about the same amount as competitor IAU. That could appeal to investors wishing to place small orders, but is a potential issue for those paying per-share commissions. Second, expense ratios may be different and worth considering. Differences in Custodian and vault location may be worth noting also. Like all physically held gold funds, taxes on long-term gains can be steep, as GLDM is deemed a collectible by the IRS.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Cash0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GLDM assets under management is 15.39 B USD. It's risen 2.00% over the last month.
GLDM fund flows account for 4.03 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, GLDM doesn't pay dividends to its holders.
GLDM shares are issued by World Gold Council Ltd. under the brand SPDR. The ETF was launched on Jun 25, 2018, and its management style is Passive.
GLDM expense ratio is 0.10% meaning you'd have to pay 0.10% of your investment to help manage the fund.
GLDM follows the LBMA Gold Price PM ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GLDM invests in cash.
GLDM price has fallen by −2.24% over the last month, and its yearly performance shows a 40.18% increase. See more dynamics on GLDM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.77% over the last month, showed a 13.92% increase in three-month performance and has increased by 42.59% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.77% over the last month, showed a 13.92% increase in three-month performance and has increased by 42.59% in a year.
GLDM trades at a premium (0.84%) meaning the ETF is trading at a higher price than the calculated NAV.