GLDM Stock: SPDR Gold MiniShares Trust Profile & Analysis (2026)
A low-cost, physically-backed exchange-traded fund designed to track the spot price of gold bullion — Updated May 2026 with current AUM, expense ratio, holdings, and performance data.
The SPDR Gold MiniShares Trust (GLDM) offers investors a cost-effective way to gain exposure to the price of gold without the logistical challenges of buying, storing, and insuring physical bullion. Launched as a “mini” version of the original GLD, this trust is specifically designed for retail investors and long-term accumulators who prioritize low management fees. While gold is traditionally viewed as a safe-haven asset during times of volatility in sectors like micro cap oil stocks, it also maintains industrial relevance for companies found in the complete list of semiconductor companies, where gold’s conductivity is highly valued.
As a grantor trust, GLDM holds allocated gold bars in high-security vaults, ensuring that each share represents a fractional ownership of physical metal. This structure makes it a preferred vehicle for those looking to hedge against inflation or currency devaluation. Unlike traditional equities, gold does not produce cash flow; however, its role as a diversifier remains popular for portfolios that may also include niche assets like those in the list of publicly traded sports companies.
Key Takeaways — GLDM Stock
At just 0.10%, GLDM is one of the cheapest gold ETFs available, making it significantly more affordable for long-term holders than the original GLD.
Every share is backed by physical gold bars held in London vaults, providing transparency and security for commodity investors.
With nearly $30 billion in assets, GLDM offers deep liquidity and tight bid-ask spreads for efficient trading in various market conditions.
Investors frequently utilize GLDM as a portfolio stabilizer and a hedge against purchasing power erosion and geopolitical instability.
GLDM — Live Price Chart
Real-time chart from TradingView.
GLDM ETF Vitals & Key Statistics
Core data as of May 2026.
| Data Point | Value | Data Point | Value |
|---|---|---|---|
| Full Name | SPDR Gold MiniShares Trust | Ticker | GLDM |
| Issuer | World Gold Trust Services LLC | Asset Class | Commodities — Physical Gold |
| Index Tracked | LBMA Gold Price PM | Structure | Grantor Trust |
| Expense Ratio | 0.10% | AUM | $29.9B |
| Inception Date | June 25, 2018 | Exchange | AMEX |
| No. of Holdings | 1 | Dividend Yield | 0.10% |
| 52-Week High | $89.93 | 52-Week Low | $89.93 |
| Avg Daily Volume | High Liquidity | YTD Return | 0.10% |
| 1-Year Return | 0.10% | 5-Year Return | 0.10% |
| Category | Precious Metals | Dividend Frequency | None/Annual |
GLDM Top 10 Holdings (May 2026)
Largest positions by weight. Click columns to sort.
| Rank | Ticker | Company Name | Sector | Weight % |
|---|---|---|---|---|
| 1 | GOLD | Physical Gold Bullion | Precious Metals | 100.00% |
| 2 | N/A | N/A | N/A | 0.00% |
| 3 | N/A | N/A | N/A | 0.00% |
| 4 | N/A | N/A | N/A | 0.00% |
| 5 | N/A | N/A | N/A | 0.00% |
| 6 | N/A | N/A | N/A | 0.00% |
| 7 | N/A | N/A | N/A | 0.00% |
| 8 | N/A | N/A | N/A | 0.00% |
| 9 | N/A | N/A | N/A | 0.00% |
| 10 | N/A | N/A | N/A | 0.00% |
GLDM — Pros & Cons
✓ Institutional Pricing
Retail investors get access to institutional-level expense ratios that were previously only available to large funds.
✗ Collectible Tax Rate
Gains on physical gold ETFs are often taxed at the higher 28% collectibles rate for long-term holdings in the US.
✓ Direct Gold Correlation
Unlike gold mining stocks, GLDM tracks the spot price of gold directly, removing operational and management risks of miners.
✗ No Income Generation
As a commodity trust, GLDM does not pay traditional dividends or interest, which can be a drawback in high-rate environments.
✓ Storage Safety
Eliminates the risk and insurance costs associated with storing physical gold bars at home or in private vaults.
✗ No Physical Redemption
Individual retail investors cannot exchange their shares for physical gold bars; this is only available to authorized participants.
Who Should Consider GLDM?
Long-term buy-and-hold investors looking for the lowest possible cost to maintain a gold position in their portfolio.
Investors seeking regular income or dividends, as gold is a non-yielding asset class.
You are concerned about currency debasement, high inflation, or extreme volatility in the equity markets.
Standard brokerage accounts or IRAs where physical bullion storage is not permitted or is too cumbersome.
GLDM vs Similar ETFs
Key metrics comparison.
| ETF | Full Name | Expense Ratio | AUM | Holdings | Div Yield | YTD | Best For |
|---|---|---|---|---|---|---|---|
| GLDM ★ | SPDR Gold MiniShares Trust | 0.10% | $29.9B | 1 | 0.10% | 0.10% | Low-Cost Holding |
| IAUM | iShares Gold Trust Micro | 0.09% | ~$1.2B | 1 | 0.00% | 0.10% | Lowest Fee |
| IAU | iShares Gold Trust | 0.25% | ~$50B | 1 | 0.00% | 0.10% | Active Trading |
| SGOL | abrdn Physical Gold Shares | 0.17% | ~$3B | 1 | 0.00% | 0.10% | Swiss Vaulting |
GLDM Technical Analysis
Real-time buy/sell signals.
GLDM — Risks & Considerations
Opportunity Cost
Holding gold can lead to underperformance during strong bull markets in equities where stocks offer growth and dividends.
Taxation Complexity
The IRS treats gold ETFs as collectibles, which may result in higher tax liabilities compared to traditional stock ETFs.
Vault/Counterparty Risk
While the gold is physically held, investors must rely on the custodian (JP Morgan) and the trust’s audit processes to ensure the bars exist.
Interest Rate Sensitivity
Gold often has an inverse relationship with real interest rates; rising rates increase the cost of holding a non-yielding asset.