Nicholas Gold Income ETF
$16.54−0.63 (−3.66%)
- Expense ratio
- 1.07%
- Fund size
- $4M
- 1Y return
- —
- Yield · Last 12 months
- Data unavailable
- Holdings
- 50
- Volume · 30D
- 0M sh
- NAV per share
- $16.86
- 52W range
The ETF.net GLDN Grade
Score 29 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 8Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 41Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 29Category rank
Our read on GLDN
DMost gold-income funds pick a lane: the miners or the metal. GLDN swings at both plus an options overlay in one actively managed wrapper, and it keeps capital appreciation as the primary goal with income riding shotgun.
The Fund is actively managed and seeks capital appreciation as its primary objective, with current income as a secondary objective. It combines gold-industry equities, commodity exposure, and an options overlay.
Why people hold it
- Three gold trades in one wrapper: gold-industry equities, commodity exposure, and an options overlay, run by an active manager rather than a fixed index.
- Growth first, income second. The prospectus names capital appreciation the primary objective, so the call writing layers on top of gold exposure instead of replacing it.
- A concentrated book of roughly 50 positions, so individual manager picks actually move the needle.
- Built as a 1940 Act registered fund, the plain-vanilla ETF wrapper, not a commodity partnership.
Worth knowing
- At 1.07%, the fee sits above most gold-income rivals, including IAUI and YGLD. Active stock picking plus an overlay costs more than an index-and-calls build.
- Writing options for income means handing back part of a big gold move. That trade-off is baked into the strategy.
- A 2026 launch that is still small and thinly traded, so there is no long record yet and spreads can run wider than at the category's heavyweights.
GLDN Holdings
- Stocks
- 50
- 88%
- GLDM
Sectors
Geography
GLDN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GLDN |
|---|---|
| Year to date | — |
| 1 month | −4.4% |
| 3 months | +15.5% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GLDN |
|---|---|---|
| 2026 YTD | −8.6% |
GLDN in the news
ETF.net Research hasn’t filed on GLDN yet — coverage lands here as it’s written.
GLDN Dividends
- $0.05 per share
- Weekly
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Sep 22, 2026 | $0.05 |
| Sep 14, 2026 | Sep 15, 2026 | $0.05 |
| Sep 4, 2026 | Sep 8, 2026 | $0.05 |
| Aug 31, 2026 | Sep 1, 2026 | $0.05 |
| Aug 24, 2026 | Aug 25, 2026 | $0.05 |
| Aug 17, 2026 | Aug 18, 2026 | $0.05 |
| Aug 10, 2026 | Aug 11, 2026 | $0.04 |
| Aug 3, 2026 | Aug 4, 2026 | $0.04 |
| Jul 27, 2026 | Jul 28, 2026 | $0.04 |
| Jul 20, 2026 | Jul 21, 2026 | $0.04 |
| Jul 13, 2026 | Jul 14, 2026 | $0.04 |
| Jul 6, 2026 | Jul 7, 2026 | $0.04 |
GLDN Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GLDN Cost
- The middle half of Gold & Metals Option Income funds
- Median 0.93%
10 of the 12 Gold & Metals Option Income funds charge less.