Nicholas Gold Income ETF
$15.28−0.21 (−1.35%)
- 1.07%
- $4M
- 0M sh
- $15.25
- low $13.36high $22.64
The ETF.net GLDN Grade
D
Score 27 out of 100
- 12 of 12
Score 27 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 28
- This cap took
- −0
- Published Score
- 27
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 11 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D30 out of 100Rank 9 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 9 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 out of 100Rank 2 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D29 out of 100Rank 11 of 12
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
- 26
- 89%
- GLDM
Sectors
- Materials100.0%
Geography
- United States57.56%
- Canada31.38%
- Switzerland6.78%
- South Africa4.28%
GLDN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
GLDN$11,174
Returns run to the Oct 12, 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 | −7.5% |
| 3 months | +11.7% |
| 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 | −16.9% |
GLDN in the news
First-Year Review
Kurv's silver fund paid $7.70 in year one and still lagged the metal
GLDN Dividends
- $0.05 per share
- Weekly
Distribution data unavailable.
Distribution history
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
1.07%
GLDN1.07%
- The middle half of Gold & Metals Option Income funds
- Median 0.92%
10 of the 12 Gold & Metals Option Income funds charge less.
Other funds in Gold & Metals Option Income
- CGDXYYieldMax Gold Miners Option Income Strategy ETFExpense ratio 1.00%1 year return +2.2%
- CKSLVKurv Silver Enhanced Income ETFExpense ratio 0.99%1 year return +16.5%
- CSLVYFirst Trust Exchange -Traded Fund - FT Vest Silver Strategy & Target Income ETFExpense ratio 0.85%1 year return —
- DGOLIDefiance Gold Enhanced Options Income ETFExpense ratio 1.04%1 year return —
- DNUGYGraniteShares YieldBOOST Gold Miners ETFExpense ratio 1.07%1 year return —