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GLDM on NYSE

World Gold Trust

World Gold Trust is an American commodity contracts brokers and dealers company based in Wilmington.2 Its shares trade on NYSE under the symbol GLDM.2

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Last updated Oct 21, 2026.

Overview

$5.3BNet income, fiscal 20253

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  • TickerGLDM on NYSE2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersWilmington, United States2
  • Incorporated inDE4
  • Business address685 Third Avenue, 27Th Floor, New York, Ny 100174
  • Filer categoryLarge accelerated filer4
  • Legal formFund2
  • Kind of organizationFund2
  • LEI549300DGCWLK8TGZ0C892
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CSC DELAWARE TRUST COMPANY, 19808 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00016181812

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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”).5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income6789103$5.3B in 2025
-$2.0B0$2.0B$4.0B$6.0B2018: -$7.5M-$7.5M20182019: $139.0M$139.0M20192020: $443.2M$443.2M2020+219%2021: -$345.9M-$345.9M20212022: -$295.4M-$295.4M2022−15%2023: $546.3M$546.3M20232024: $2.4B$2.4B2024+344%2025: $5.3B$5.3B2025+119%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.3

Period ending2025-09-302024-09-302023-09-30
Sponsor fees$13.1M$7.0M$5.7M
Total expenses$13.1M$7.0M$5.7M
Net investment loss-$13.1M-$7.0M-$5.7M
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees$3.6M$1.2M$393.0K
Net realized gain/(loss) from gold distributed for the redemption of shares$1.2B$266.4M$52.5M
Net change in unrealized gain/(loss) on investment in gold$4.2B$2.2B$499.1M
Net realized and change in unrealized gain/(loss) on investment in gold$5.3B$2.4B$552.0M
Net income/(loss)$5.3B$2.4B$546.3M
Net income/(loss) per share$25.06$15.19
Weighted average number of shares (in 000s) (in shares)211.9M shares159.5M shares

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Corporate structure

World Gold Trust sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • World Gold Trust Wilmington, Delaware, United States
    • SPDR Gold MiniShares Trust Fund · Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

Former names

  • World Currency Gold TrustSep 25, 2014 to Mar 7, 20184
  • Global Currency Gold TrustAug 29, 2014 to May 27, 20164

Timeline

  1. Sep 28, 20268-K Executive or director change15
  2. Feb 9, 20268-K Executive or director change16
  3. Dec 5, 20258-K Ended a material agreement17
  4. May 29, 20248-K Other events18
  5. Apr 1, 20248-K Executive or director change19
  6. Dec 4, 20238-K Entered a material agreement20
  7. Oct 27, 20238-K Other events21
  8. Sep 12, 20238-K Executive or director change22
  9. Mar 29, 20238-K Executive or director change23
  10. Jan 3, 20238-K Executive or director change24
  11. Oct 13, 20228-K Executive or director change25
  12. Apr 14, 20228-K Executive or director change26
  13. Aug 27, 2014Founded World Gold Trust is founded2

Filings

58 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 14 major events, 22 other. The latest 20:

  1. Sep 28, 20268-K EDGAR
  2. Aug 4, 202610-Q EDGAR
  3. May 5, 202610-Q EDGAR
  4. Feb 9, 20268-K EDGAR
  5. Feb 4, 202610-Q EDGAR
  6. Dec 22, 2025424I EDGAR
  7. Dec 5, 20258-K EDGAR
  8. Nov 25, 202510-K EDGAR
  9. Aug 6, 202510-Q EDGAR
  10. Jul 18, 2025FWP EDGAR
  11. May 7, 202510-Q EDGAR
  12. Apr 14, 2025FWP EDGAR
  13. Feb 5, 202510-Q EDGAR
  14. Dec 19, 2024424I FORM 424(I) EDGAR
  15. Dec 19, 202410-K/A EDGAR
  16. Nov 25, 202410-K EDGAR
  17. Nov 12, 2024FWP EDGAR
  18. Aug 6, 202410-Q EDGAR
  19. May 29, 20248-K EDGAR
  20. May 8, 202410-Q EDGAR

The 58 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Sumitomo Mitsui Trust Group, Inc.20,057,308$1.6B0.9%+1,462,902
Wells Fargo & Company/mn10,614,311$843.0M0.1%+1,108,757
Morgan Stanley8,429,598$669.5M0.0%−377,410
SBI Okasan Asset Management Co.Ltd.7,865,470$624.9M20.5%+6,016,060
MAI Capital Management7,497,358$595.4M2.3%+7,478,109
Bank Of America Corp /de/7,179,195$570.2M0.0%+507,383
Empower Advisory Group, LLC6,581,765$522.7M1.2%+630,753
State Street Corp3,992,972$317.1M0.0%+499,040
Resona Asset Management Co.,Ltd.3,708,700$294.7M1.4%+472,400
LPL Financial LLC3,371,974$267.8M0.1%+349,567
Arizona PSPRS Trust3,356,524$266.6M9.9%New
Cassaday & Co Wealth Management LLC3,334,702$264.8M5.0%+6,342
UBS Group AG3,215,193$255.4M0.0%+143,119
Ameriprise Financial Inc2,752,229$219.9M0.0%+38,642
Signature Estate & Investment Advisors LLC2,531,014$201.0M3.6%+177,505
Sumitomo Mitsui DS Asset Management Company, Ltd2,108,788$167.5M1.2%+505,278
Cerity Partners LLC2,003,763$159.1M0.2%+736,302
Public Employees Retirement System Of Ohio1,985,600$157.7M0.5%+469,000
Stifel Financial Corp1,866,900$148.3M0.1%+439,820
HighTower Advisors, LLC1,770,810$140.6M0.1%+183,878
Prudential Financial Inc1,751,574$139.1M0.2%+71,620
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,629,472$129.4M0.2%−175,594
Osaic Holdings, Inc.1,601,335$127.2M0.1%+10,814
Gradient Investments LLC1,517,719$120.5M1.7%−110,542
Evergreen Quality Fund GP, Ltd.1,487,700$118.2M1.9%−1,099,515

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How World Gold Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWorld Gold Trust1
  • CIK0001618181
  • Employer ID (EIN)36-76505175
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsSeptember 301
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address685 Third Avenue, 27Th Floor, New York, NY 100171
  • Phone(212) 317-38001
  • Shares outstanding285,750,000 SPDR Gold Mini Shares Trust shares; 285,750,000 shares as of Nov 24, 20255
  • Public float$13.2B as of Mar 31, 20255
  • AuditorKPMG LLP, New York, NY PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceAug 29, 20141
  • Filings242 in all: FWP (96), 10-Q (30), 8-K (20), CORRESP (15), UPLOAD (13), 424B3 (12), S-1/A (10), 10-K (9)1
    All 28 form types

    EFFECT (6), S-1 (4), 424I (3), POS AM (3), 424B1 (2), 8-A12B (2), DRS (2), RW (2), S-3ASR (2), 10-K/A (1), 10-Q/A (1), 15-12B (1), 25-NSE (1), CERT (1), CERTARCA (1), DEL AM (1), DRS/A (1), DRSLTR (1), POSASR (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Nov 25, 2025
    Quarterly report (10-Q) Aug 4, 2026
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
SPDR® Gold MiniShares®GLDM®NYSE

From the cover page of the 10-K filed Nov 25, 2025 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks World Gold Trust names in Item 1A of its 10-K filed Nov 25, 2025: 35 risks under these headings, as written.5

  • You should consider carefully the risks described below before making an investment decision. You should also refer to the other information included in this report, including the Trust’s and GLDM’s financial statements and the related notes.
  • RISKS RELATED TO GOLD
  • The sale of GLDM’s gold bullion to pay expenses at a time of low gold prices could adversely affect the value of the Shares.
  • An adverse development may lead to a decrease in gold bullion trading prices.
  • Substantial sales of gold by the official sector could adversely affect an investment in the Shares.
  • Crises may motivate large-scale sales of gold, which could decrease the price of gold and adversely affect an investment in the Shares.
  • Purchasing activity in the gold market associated with the delivery of gold bullion to GLDM in exchange for Creation Units may cause a temporary increase in the price of gold, which may adversely affect an investment in the Shares.
  • The price of gold may be affected by the sale of gold by exchange-traded funds (“ETFs”) or other exchange-traded vehicles tracking gold markets.
  • The value of the gold bullion held by GLDM is determined using the LBMA Gold Price PM. Potential discrepancies in the calculation of the LBMA Gold Price, as well as any future changes to the LBMA Gold Price, could offset the value of the gold bullion held by GLDM and could have an adverse effect on the methodology used to calculate the investment in the Shares.
  • Because GLDM invests only in gold, an investment in GLDM may be more volatile than an investment in a more broadly diversified portfolio.
  • RISKS RELATED TO THE CUSTODY OF GOLD
  • GLDM relies on the Custodians for the safekeeping of its gold bullion. Failure by the Custodians to exercise due care in the safekeeping of GLDM’s gold bullion could result in a loss to GLDM.
The other 25 risks
  • Failure by a subcustodian to exercise due care in the safekeeping of GLDM’s gold bullion bars could result in a loss to GLDM.
  • The ability of the Trust and the Custodians to take legal action against subcustodians may be limited, which increases the possibility that GLDM may suffer a loss if a subcustodian does not use due care in the safekeeping of GLDM’s gold bullion bars.
  • Gold bullion held in GLDM’s unallocated gold bullion accounts with the Custodians and any Authorized Participant’s unallocated gold bullion account is not segregated from the assets of the account provider. If a Custodian or the account provider for an Authorized Participant becomes insolvent, its assets may not be adequate to satisfy a claim by GLDM or the Authorized Participant. In addition, in the event of a Custodian’s insolvency, there may be a delay, and costs incurred in identifying the gold bullion bars held in GLDM’s allocated gold bullion account with the Custodian.
  • The gold bullion custody operations of the Custodians are not subject to specific governmental regulatory supervision.
  • RISKS RELATED TO TAXES
  • If a U.S. investor who or that is an individual, estate or trust (each referred to in this paragraph and the next paragraph as an “individual”) sells or exchanges the Shares held for more than a year, any gain recognized on the sale or exchange generally will be subject to federal income tax at a maximum rate of 28% rather than the lower maximum rates applicable to most other long-term capital gains an individual recognizes.
  • GENERAL RISKS
  • GLDM relies on the information and technology systems of the Administrator, the Custodians, the Marketing Agent and, to a lesser degree, the Sponsor, which could be adversely affected by information systems interruptions, cybersecurity attacks or other disruptions which could have a material adverse effect on the record keeping and operations of GLDM.
  • GLDM is exposed to various operational risks.
  • GLDM, as well as the Sponsor and its service providers, are vulnerable to the effects of geopolitical events, including ongoing and escalating conflicts in the Middle East, the continuation of the war in Ukraine, and changes in international trade policy.
  • GLDM as well as the Sponsor and its service providers are vulnerable to the effects of public health crises, such as the coronavirus pandemic (the “COVID-19 pandemic”).
  • The service providers engaged by GLDM may not carry adequate insurance to cover claims against them by GLDM, which could adversely affect the value of net assets of GLDM.
  • The Trust's and GLDM's obligation to indemnify certain of its service providers could adversely affect an investment in the Shares.
  • Potential conflicts of interest may arise among the Sponsor or its affiliates and GLDM.
  • RISKS RELATED TO THE SHARES
  • GLDM is a passive investment vehicle and is not actively managed.
  • The costs inherent in buying or selling Shares may detract significantly from investment results.
  • The lack of an active trading market or a halt in trading of the Shares may result in losses on investment at the time of disposition of the Shares.
  • The Shares may trade at a price that is at, above or below the NAV per Share and any discount or premium in the trading price relative to the NAV per Share may widen as a result of non-concurrent trading hours between the COMEX and NYSE Arca.
  • If the process of creation and redemption of Creation Units encounters any unanticipated difficulties, the possibility for arbitrage transactions intended to keep the price of the Shares closely linked to the price of gold may not exist and, as a result, the price of the Shares may fall.
  • The value of the Shares could decline if unanticipated operational or trading problems arise.
  • The amount of gold represented by the Shares will continue to be reduced during the life of GLDM due to the sales of gold bullion necessary to pay expenses irrespective of whether the trading price of the Shares rises or falls in response to changes in the price of gold.
  • GLDM may be required to terminate and liquidate at a time that is disadvantageous to shareholders.
  • Redemption orders may be subject to rejection, suspension or postponement.
  • Loss of intellectual property rights related to GLDM, or competing claims over ownership of those rights, could adversely affect GLDM and an investment in the Shares.
  • The liquidity of the Shares may be affected by the withdrawal of Authorized Participants and substantial redemptions by Authorized Participants.
  • Shareholders do not have the rights enjoyed by investors in certain other vehicles.
  • Shareholders do not have the protections associated with ownership of shares in an investment company registered under the Investment Company Act of 1940, as amended, or the protections afforded by the Commodity Exchange Act.

Sources

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    SEC EDGAROther events
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