---
ticker: "GLDN"
name: "Nicholas Gold Income ETF"
url: "https://etf.net/etf/GLDN"
grade: "D"
score: 27
graded_at: "2026-10-12"
category: "Gold & Metals Option Income"
category_rank: "12 of 12"
methodology: "https://etf.net/methodology"
---

# GLDN: Nicholas Gold Income ETF

Grade **D**, Score 27 of 100. Rank 12 of 12 in Gold & Metals Option Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 8 | 11 of 12 |
| Mission | Not scored | — |
| Risk | 30 | 9 of 12 |
| Tradability | 38 | 9 of 12 |
| Holdings | 69 | 2 of 6 |
| Durability | 29 | 11 of 12 |

## Top holdings

The fund holds 26 positions. These are the largest 26, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | GLDM | SPDR Gold MiniShares Trust | 44.51% |
| 2 | SSREF | SSR Mining Inc | 6.84% |
| 3 | EQX | Equinox Gold Corp | 6.23% |
| 4 | FNV | Franco-Nevada Corp | 4.93% |
| 5 | NEM | Newmont Corp | 4.85% |
| 6 | AU | Anglogold Ashanti Plc | 4.48% |
| 7 | AEM | Agnico Eagle Mines Ltd | 4.47% |
| 8 | B | Barrick Mining Corp | 4.47% |
| 9 | HMY | Harmony Gold Mining Co Ltd | 4.32% |
| 10 | RGLD | Royal Gold Inc | 4.25% |
| 11 | EGO | Eldorado Gold Corp | 4.18% |
| 12 | BTG | B2Gold Corp | 3.80% |
| 13 | KGC | Kinross Gold Corp | 3.59% |
| 14 | — | First American Government Obligations Fund 12/01/2031 | 1.11% |
| 15 | — | Ego Us 10/16/26 P41 | 0.38% |
| 16 | — | Au Us 10/16/26 P100 | 0.31% |
| 17 | — | Fnv Us 10/16/26 P260 | 0.28% |
| 18 | — | Aem Us 10/23/26 P185 | 0.09% |
| 19 | — | Ssrm Us 10/16/26 P34 | 0.08% |
| 20 | — | Rgld Us 11/20/26 P220 | 0.08% |
| 21 | — | Hmy Us 11/20/26 P15 | 0.08% |
| 22 | — | Nem Us 10/16/26 P117 | 0.07% |
| 23 | — | Gld Us 10/12/26 C389 | 0.05% |
| 24 | — | Eqx Us 10/16/26 P10 | 0.03% |
| 25 | — | Kgc Us 10/16/26 P23 | 0.02% |
| 26 | — | B Us 10/16/26 P38.5 | 0.02% |

Source: etf.net, https://etf.net/etf/GLDN. Please cite the page URL.