GLDM

The SPDR® Gold MiniShares® Trust (GLDM) is an exchange-traded fund (ETF) designed to offer investors a cost-effective and convenient means of accessing the gold market. Launched on June 25, 2018, GLDM seeks to reflect the performance of the price of gold bullion, less expenses and liabilities, by holding physical gold bars in London vaults.

As of February 7, 2025, GLDM's market price was $56.67, with an after-hours slight increase to $56.69. The fund's assets under management (AUM) stood at approximately $10.22 billion, with a total of 179.05 million shares outstanding. GLDM boasts a low expense ratio of 0.10%, making it an attractive option for investors seeking exposure to gold with minimal costs.

In terms of performance, GLDM has delivered a one-year return of approximately 40.34%, reflecting the broader bullish trend in gold prices. The fund's 52-week range spans from a low of $39.35 to a high of $57.19, indicating significant appreciation over the past year.

GLDM's structure as a grantor trust ensures that each share represents a fractional, undivided beneficial ownership interest in the trust's physical gold holdings. This design provides investors with direct exposure to gold price movements without the complexities associated with purchasing and storing physical gold.

Given its low expense ratio, substantial asset base, and direct linkage to physical gold prices, GLDM serves as a viable vehicle for investors aiming to incorporate gold into their portfolios, whether for diversification purposes or as a hedge against economic uncertainties.