GLDM ETF — SPDR Gold Minishares Trust of beneficial interest

SPDR Gold Minishares Trust of beneficial interest (GLDM)

GLDM is a low-cost ETF that tracks the Gold bullion spot price. As of August 28, 2026, its expense ratio is 0.10%. Fund total return is 250.3% over the past 8.2 years, 7.4 points ahead of GLD at 242.9%.

SPDR Gold Minishares Trust is an ETF that tracks the spot price of gold bullion, offering a cost-effective way to gain direct commodity exposure. The fund does not distribute income to shareholders and carries a low expense ratio of 0.10%. It appeals to investors seeking simple, liquid access to gold as a portfolio component or hedge.

GLDM performance versus GLD

Data as of August 28, 2026.

Fund total return is 250.3% over the past 8.2 years, 7.4 points ahead of GLD at 242.9%. Its deepest 1-year drawdown was 26.3%.

GLDM key facts

Data as of August 28, 2026.

Issuer

State Street

Asset type

ETF

Asset class

Commodity

Inception date

06/25/2018

Expense ratio

0.10%

Distribution frequency

None

Last close

$88.20

AUM

$32,598,545,716

Average volume

10459655.0

Beta

0.36

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: State Street fund page; Index: Gold bullion spot price; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GLDM risks and drawbacks

The deepest 1-year drawdown on record here is 26.3%.

Who may consider GLDM — and who may not

GLDM may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (GLDM does not currently distribute); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare GLDM

GLDM vs similar funds:

• GLDM vs GLD

Frequently asked questions

More funds from State Street.