Skip to main content

SPDR® Gold Shares GLD

as of Mar 23 2023
Base Currency
Assets Under Management
$58,836.19 M
as of Mar 23 2023
Gross Expense Ratio

Key Features

  • The investment objective of SPDR® Gold Trust (the "Trust") is for SPDR® Gold Shares ("GLD") to reflect the performance of the price of gold bullion, less the Trust's expenses
  • The first US traded gold ETF and the first US-listed ETF backed by a physical asset
  • For many investors, the costs associated with buying GLD shares in the secondary market and the payment of the Trust's ongoing expenses may be lower than the costs associated with buying, storing and insuring physical gold in a traditional allocated gold bullion account

Fund Information as of Mar 26 2023

Inception Date Nov 18 2004
Options Available Yes
Marginable Yes
Gross Expense Ratio
Base Currency USD
Trustee BNY Mellon Asset Servicing, a division of The Bank of New York Mellon
Marketing Agent State Street Global Advisors Funds Distributors, LLC
Gold Custodian

HSBC Bank Plc

JPMorgan Chase Bank, N.A.

Sponsor World Gold Trust Services, LLC

Listing Information as of Mar 26 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Nov 18 2004 USD GLD 78463V107 US78463V1070

Fund Market Price as of Mar 23 2023

Closing Price
Day High $186.24
Day Low $183.61
Exchange Volume (Shares)
30-Day Median Bid/Ask Spread

Premium Discount to INAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
Days Traded at Discount

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

The indicative net asset value (iNAV) per share is a measure of the intraday net asset value (NAV) of an investment.  The indicative NAV is provided for reference purposes only and may differ from the actual NAV per share calculated in accordance with the Prospectus.

Before investing, consider the funds' investment objectives, risks, charges and expenses. 

Per Basket Information as of Mar 23 2023

NAV Per Basket $18,386,309.86

Fund Net Asset Value as of Mar 23 2023

LBMA Gold Price PM $1,977.95
Shares Outstanding 320.00 M
Assets Under Management $58,836.19 M

Fund Performance

  • Fund Inception Date: Nov 18 2004

as of Feb 28 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 18 2004
NAV Feb 28 2023 -5.19% 8.30% 0.61% -4.84% 3.85% 6.30% 0.99% 7.63%
Market Value Feb 28 2023 -5.37% 9.68% 0.08% -4.82% 4.59% 6.31% 1.05% 7.56%
Feb 28 2023 -5.16% 8.49% 0.60% -4.46% 4.26% 6.72% 1.39% 8.06%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 18 2004
NAV Dec 31 2022 3.32% 8.30% -0.82% -0.82% 5.54% 6.50% 0.45% 7.67%
Market Value Dec 31 2022 2.93% 9.68% -0.77% -0.77% 5.88% 6.53% 0.46% 7.62%
Dec 31 2022 3.44% 8.49% 0.44% 0.44% 6.18% 7.03% 0.90% 8.10%

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

Effective March 20, 2015, the SPDR Gold Trust (GLD) adopted the LBMA Gold Price PM as the reference benchmark price of gold in calculating the Net Asset Value (NAV) of the Trust. Prior to that date, the Trust used the London PM Fix as the reference benchmark price in calculating the NAV.

Gross Expense Ratio: 0.40%

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Investing in commodities entails significant risk and is not appropriate for all investors.

Ordinary brokerage commissions may apply.

Important risk information

Investing involves risk, and you could lose money on an investment in SPDR® Gold Trust (“GLD®” or "GLD").

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs’ net asset value. Brokerage commissions and ETF expenses will reduce returns.

Commodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.

Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

Diversification does not ensure a profit or guarantee against loss.

Investing in commodities entails significant risk and is not appropriate for all investors.

Important Information Relating to GLD:

GLD has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents GLD has filed with the SEC for more complete information about GLD and this offering. Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. The GLD prospectus is available by clicking here. You may get these documents for free by visiting EDGAR on the SEC website at or by visiting Alternatively, GLD or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053.

GLD is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of  GLD do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.

GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLD shares relates directly to the value of the gold held by GLD (less its expenses), and fluctuations in the price of gold could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share will decline over time to that extent.

The World Gold Council name and logo are a registered trademark and used with the permission of the World Gold Council pursuant to a license agreement. The World Gold Council is not responsible for the content of, and is not liable for the use of or reliance on, this material.  World Gold Council is an affiliate of GLD’s sponsor.

GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC.

Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto.

For more information, please contact the Marketing Agent for GLD: State Street Global Advisors Funds Distributors, LLC, One Iron Street, Boston, MA, 02210; T: +1 866 320 4053

© 2022 State Street Corporation. All Rights Reserved.

State Street Global Advisors Funds Distributors, LLC, One Iron Street, Boston, MA 02210

Not FDIC Insured - No Bank Guarantee - May Lose Value

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines. This only applies to investors who trade with margin.