World Gold TrustGLDM
What World Gold Trust does.
The World Gold Trust (the “Trust”) was formed as a Delaware statutory trust on August 27, 2014. The Trust consists of multiple series (each, a “Fund” and collectively, the “Funds”). Each Fund issues common units of beneficial interest that represent units of fractional undivided beneficial interest in and ownership of such Fund. The term of the Trust and each Fund is perpetual (unless terminated earlier in certain circumstances). The Trust was organized in separate series as a Delaware statutory trust rather than as separate statutory trusts to achieve certain administrative and other efficiencies. The Trust is sponsored by WGC USA Asset Management Company, LLC (“WGCAM” or the “Sponsor”).
The Trust has one operational Fund, SPDR ® Gold MiniShares ® Trust (“GLDM”), as of September 30, 2025. The accompanying financial statements relate to the Trust and GLDM.
GLDM commenced operations on June 26, 2018. GLDM’s investment objective is for its shares (the “Shares”) to reflect the performance of the price of gold bullion, less GLDM’s expenses. GLDM issues and redeems Shares from time to time in blocks of 100,000 Shares ("Creation Units") to institutional investors referred to as “Authorized Participants.” Creation Units are offered continuously at the net asset value (the “NAV”) for 100,000 Shares on the day that an order to create a Creation Unit is accepted by GLDM. The Shares trade under the ticker symbol GLDM on the NYSE Arca, Inc. (the “NYSE Arca”). Authorized Participants and other investors may buy and sell the Shares in the secondary market. Authorized share capital is unlimited, and the par value of the Shares is $0.00.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net income | $443.2M | -$345.9M | -$295.4M | $546.3M | $2.4B | $5.3B |
More on GLDM.
- World Gold Trust summary
- World Gold Trust financial statements
- World Gold Trust key metrics
- World Gold Trust health scores and style box
- World Gold Trust earnings
- World Gold Trust dividends
- World Gold Trust valuation
- World Gold Trust ownership and insiders
- World Gold Trust peers
Figures from World Gold Trust's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.