Here are the 10-K annual reports from SPDR Gold Trust, SPDR Gold Shares (GLD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GLD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GLD filings page.
SPDR Gold Trust (GLD) files its Annual Report on Form 10-K, outlining how the trust gives investors exposure to physical gold bullion through SPDR Gold Shares. The trust issues and redeems shares only in baskets of 100,000 shares in exchange for gold, with creations and redemptions handled by Authorized Participants via unallocated and allocated accounts in London, New York and Zurich.
Gold is valued using the LBMA Gold Price PM, and net asset value reflects the gold held minus accrued expenses. HSBC and JPMorgan act as custodians, holding London Good Delivery bars and using subcustodians when needed. To cover costs, the trustee periodically sells small amounts of gold; the sponsor’s annual fee is 0.40% of daily NAV and totaled $363,083,124 for the year ended September 30, 2025.
The report also explains gold supply and demand trends, market structure, and U.S. tax treatment, including that the trust is a grantor trust and U.S. holders are treated as owning a pro rata share of the underlying gold for tax purposes.