Key Highlights

  • GLDN (ASX:GLDN) gives gold price exposure through a single underlying iShares Physical Gold ETC.
  • The underlying holding is 99.98% of the fund, backed by physical gold bullion.
  • Fund size is $437.86m, with fees of 0.18% a year.
  • The annual yield is 0.08%, reflecting a small 2025 distribution.

iShares Physical Gold ETF (ASX:GLDN) traded at $45.04 during the trading session on 30 October 2026, down 0.83%, with 14,744 units changing hands. GLDN is a gold exposure: it invests in precious-metal-linked securities that are secured by physical gold bullion, so its price moves with the gold price rather than with mining company shares. The fund was admitted to the ASX on 1 November 2023.

Fund Details

Fund size is $437.86m, with 9,640,331 units outstanding. The ISIN is AU0000292930 and management fees and costs are 0.18% a year. The fund sits in the Commodities & Precious Metals category and is benchmarked to the LBMA Gold Price PM USD.

The day's range was $44.97 to $45.52, against a previous close of $45.42. Average daily volume is about 32,890 units.

Holding Structure

The fund holds one underlying position, the iShares Physical Gold ETC, which makes up 99.98% of the portfolio. The remaining 0.01% is cash. Because the exposure is through a single holding, the fund's outcome closely tracks that of the underlying gold product.

Holdings are described as secured by physical bullion. The fund does not hold mining shares, so its exposure is to the gold price rather than to company operations.

Income and Trading

The annual yield is 0.08%, reflecting the most recent final distribution of $0.038, with an ex-date of 1 July 2025, a record date of 2 July 2025 and a payment date of 11 July 2025. Gold itself pays no income, so the small payout reflects the fund's structure rather than an ongoing yield.

Trading on the session ranged from $44.97 to $45.52, and the bid-offer spread was wide at $44.80 to $47.00, so limit orders are worth considering.

Key Takeaways

GLDN is a clean gold price exposure built on a single physically backed holding.

Its fee of 0.18% sits in the mid-range for gold products in this group.

The low yield reflects the fund's structure, since gold does not pay dividends.

The wide bid-offer range in the session is a practical point to check before trading.