World Gold Trust (GLDM) 10-Q 8 May 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Mar. 31, 2020	May 07, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	GLDM
Entity Registrant Name	WORLD GOLD TRUST
Entity Central Index Key	0001618181
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Document Transition Report	false
Title of 12(b) Security	SPDR® Gold MiniSharesSM Trust
Security Exchange Name	NYSEArca
Entity File Number	001-37996
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-7650517
Entity Address, Address Line One	WGC USA Asset Management Company, LLC
Entity Address, City or Town	New York
Entity Address, Address Line Two	685 Third Avenue 27th Floor
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	212
Local Phone Number	317-3800
Document Quarterly Report	true
SPDR Gold Mini Shares Trust [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		122,500,000

Combined Statements of Financia

Combined Statements of Financial Condition - USD ($) $ in Thousands		Mar. 31, 2020	Sep. 30, 2019
ASSETS
Investment in Gold, at fair value		$ 1,522,306	$ 1,036,032
Gold receivable		93,025	14,819
Total Assets		1,615,331	1,050,851
LIABILITIES
Accounts payable to Sponsor		220	148
Total Liabilities		220	148
Net Assets		$ 1,615,111	$ 1,050,703
Net asset value per Share		$ 16.04	$ 14.82
SPDR Gold Mini Shares Trust [Member]
ASSETS
Investment in Gold, at fair value		$ 1,522,306	$ 1,036,032
Gold receivable		93,025	14,819
Total Assets		1,615,331	1,050,851
LIABILITIES
Accounts payable to Sponsor		220	148
Total Liabilities		220	148
Net Assets		$ 1,615,111	$ 1,050,703
Shares issued	[1]	100,700,000	70,900,000
Shares outstanding	[1]	100,700,000	70,900,000
Net asset value per Share		$ 16.04	$ 14.82
[1]	Authorized share capital is unlimited and the par value of the Shares is $0.00

Combined Statements of Financ_2

Combined Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019
Investment in Gold, at cost	$ 1,319,500	$ 916,790
SPDR Gold Mini Shares Trust [Member]
Investment in Gold, at cost	$ 1,319,500	$ 916,790
Common Stock, Par or Stated Value Per Share	$ 0	$ 0

Combined Schedules of Investmen

Combined Schedules of Investment $ in Thousands	Mar. 31, 2020USD ($)oz	Sep. 30, 2019USD ($)oz
Schedule of Investments [Line Items]
Total Investments, % of Net Assets	94.25%	98.60%
Assets in excess of liabilities	5.75%	1.40%
Net Assets, % of Net Assets	100.00%	100.00%
Total Investments, Fair Value	$ 1,522,306	$ 1,036,032
Assets in excess of liabilities	92,805	14,671
Net Assets, Fair Value	1,615,111	1,050,703
Total Investments, Cost	$ 1,319,500	$ 916,790
Investment in Gold [Member]
Schedule of Investments [Line Items]
Total Investments, % of Net Assets	94.25%	98.60%
Total Investments, Fair Value	$ 1,522,306	$ 1,036,032
Total Investments, Ounces of gold | oz	946,100	697,500
Total Investments, Cost	$ 1,319,500	$ 916,790
SPDR Gold Mini Shares Trust [Member]
Schedule of Investments [Line Items]
Total Investments, % of Net Assets	94.25%	98.60%
Assets in excess of liabilities	5.75%	1.40%
Net Assets, % of Net Assets	100.00%	100.00%
Total Investments, Fair Value	$ 1,522,306	$ 1,036,032
Assets in excess of liabilities	92,805	14,671
Net Assets, Fair Value	1,615,111	1,050,703
Total Investments, Cost	$ 1,319,500	$ 916,790
SPDR Gold Mini Shares Trust [Member] | Investment in Gold [Member]
Schedule of Investments [Line Items]
Total Investments, % of Net Assets	94.25%	98.60%
Total Investments, Fair Value	$ 1,522,306	$ 1,036,032
Total Investments, Ounces of gold | oz	946,100	697,500
Total Investments, Cost	$ 1,319,500	$ 916,790

Combined Statements of Operatio

Combined Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019		Mar. 31, 2020	Mar. 31, 2019
EXPENSES
Sponsor fees	$ 586	$ 274	[1]	$ 1,083	$ 431	[1]
Gold Delivery Provider fees	0	12	[1]	0	24	[1]
Total expenses	586	286	[1]	1,083	455	[1]
Net investment loss	(586)	(286)	[1]	(1,083)	(455)	[1]
Net realized and change in unrealized gain/(loss) on investment in gold and Gold Delivery Agreement
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	68	11	[1]	116	10	[1]
Net realized gain/(loss) on Gold Delivery Agreement	0	452	[1]	0	975	[1]
Net realized gain/(loss) on gold transferred to cover Gold Delivery Agreement and Gold Delivery Provider fees	0	91	[1]	0	70	[1]
Net realized gain/(loss) from gold distributed for the redemption of shares	3,320	0	[1]	8,005	0	[1]
Net change in unrealized appreciation/(depreciation) on investment in gold	61,192	2,852	[1]	83,564	27,592	[1]
Net realized and change in unrealized gain/(loss) on investment in gold and Gold Delivery Agreement	64,580	3,406	[1]	91,685	28,647	[1]
Net Income/(Loss)	63,994	3,120	[1]	90,602	28,192	[1]
SPDR Gold Mini Shares Trust [Member]
EXPENSES
Sponsor fees	586	250		1,083	384
Total expenses	586	250		1,083	384
Net investment loss	(586)	(250)		(1,083)	(384)
Net realized and change in unrealized gain/(loss) on investment in gold and Gold Delivery Agreement
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	68	9		116	9
Net realized gain/(loss) from gold distributed for the redemption of shares	3,320	0		8,005	0
Net change in unrealized appreciation/(depreciation) on investment in gold	61,192	2,724		83,564	25,228
Net realized and change in unrealized gain/(loss) on investment in gold and Gold Delivery Agreement	64,580	2,733		91,685	25,237
Net Income/(Loss)	$ 63,994	$ 2,483		$ 90,602	$ 24,853
Net income/(loss) per share	$ 0.77	$ 0.06		$ 1.15	$ 0.74
Weighted average number of shares (in 000's)	83,274	43,468		78,792	33,732
[1]	Amounts include SPDR® Long Dollar Gold Trust which liquidated on September 16, 2019.

Combined Statements of Cash Flo

Combined Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019		Mar. 31, 2020	Mar. 31, 2019
INCREASE/DECREASE IN CASH FROM OPERATIONS:
Cash proceeds received from sales of gold	$ 534	$ 226	[1]	$ 1,011	$ 353	[1]
Cash expenses paid	(534)	(226)	[1]	(1,011)	(353)	[1]
Increase/(Decrease) in cash resulting from operations	0	0	[1]	0	0	[1]
INCREASE/DECREASE IN CASH FLOWS FROM FINANCING ACTIVITIES:
Cash proceeds from issuance of shares	0	0	[1]	0	0	[1]
Cash paid for repurchase of shares	0	0	[1]	0	0	[1]
Increase/(Decrease) in cash resulting from financing activities	0	0	[1]	0	0	[1]
Cash and cash equivalents at beginning of period	0	0		0	0
Cash and cash equivalents at end of period	0	0		0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Value of gold received for creation of shares, net of gold receivable	370,394	271,715	[1]	483,190	392,930	[1]
Value of gold distributed for redemption of shares, net of gold payable	37,794	0	[1]	87,590	0	[1]
SUPPLEMENTAL DISCLOSURE OF NON-CASH OPERATING ACTIVITIES:
Value of Gold Delivery Agreement inflows — net of Gold Delivery Agreement receivable	0	2,148	[1]	0	4,779	[1]
Value of Gold Delivery Agreement outflows — net of Gold Delivery Agreement payable	0	(1,957)	[1]	0	(3,954)	[1]
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Gold paid for Gold Delivery Provider fees	0	12	[1]	0	24	[1]
Proceeds from sales of gold to pay expenses	534	226	[1]	1,011	353	[1]
Net realized (gain)/loss on investment in gold sold to pay Sponsor fees	(68)	(11)	[1]	(116)	(10)	[1]
Net realized (gain)/loss on Gold Delivery Agreement	0	(452)	[1]	0	(975)	[1]
Net realized (gain)/loss on gold transferred to cover Gold Delivery Agreement and Gold Delivery Provider fees	0	(91)	[1]	0	(70)	[1]
Net realized (gain)/loss from gold distributed for the redemption of shares	(3,320)	0	[1]	(8,005)	0	[1]
Net change in unrealized (appreciation)/depreciation on investment in gold	(61,192)	(2,852)	[1]	(83,564)	(27,592)	[1]
Increase/(Decrease) in accounts payable to Sponsor	52	48	[1]	72	78	[1]
Net Income/(Loss)	63,994	3,120	[1]	90,602	28,192	[1]
Increase/(Decrease) in cash resulting from operations	0	0	[1]	0	0	[1]
SPDR Gold Mini Shares Trust [Member]
INCREASE/DECREASE IN CASH FROM OPERATIONS:
Cash proceeds received from sales of gold	534	203		1,011	307
Cash expenses paid	(534)	(203)		(1,011)	(307)
Increase/(Decrease) in cash resulting from operations	0	0		0	0
INCREASE/DECREASE IN CASH FLOWS FROM FINANCING ACTIVITIES:
Cash and cash equivalents at beginning of period	0	0		0	0
Cash and cash equivalents at end of period	0	0		0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Value of gold received for creation of shares, net of gold receivable	370,394	271,715		483,190	392,930
Value of gold distributed for redemption of shares, net of gold payable	37,794	0		87,590	0
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Proceeds from sales of gold to pay expenses	534	203		1,011	307
Net realized (gain)/loss on investment in gold sold to pay Sponsor fees	(68)	(9)		(116)	(9)
Net realized (gain)/loss from gold distributed for the redemption of shares	(3,320)	0		(8,005)	0
Net change in unrealized (appreciation)/depreciation on investment in gold	(61,192)	(2,724)		(83,564)	(25,228)
Increase/(Decrease) in accounts payable to Sponsor	52	47		72	77
Net Income/(Loss)	63,994	2,483		90,602	24,853
Increase/(Decrease) in cash resulting from operations	$ 0	$ 0		$ 0	$ 0
[1]	Amounts include SPDR® Long Dollar Gold Trust which liquidated on September 16, 2019.

Combined Statements of Changes

Combined Statements of Changes in Net Assets - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019		Mar. 31, 2020	Mar. 31, 2019
Net Assets – Opening Balance	$ 1,133,086	$ 425,953	[1]	$ 1,050,703	$ 255,337	[1]
Creations	455,825	247,386	[1]	561,396	392,930	[1]
Redemptions	(37,794)			(87,590)
Net investment loss	(586)	(286)	[1]	(1,083)	(455)	[1]
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	68	11	[1]	116	10	[1]
Net realized gain/(loss) on Gold Delivery Agreement	0	452	[1]	0	975	[1]
Net realized gain/(loss) on gold transferred to cover Gold Delivery Agreement and Gold Delivery Provider fees	0	91	[1]	0	70	[1]
Net realized gain/(loss) from gold distributed for the redemption of shares	3,320	0	[1]	8,005	0	[1]
Net change in unrealized appreciation/(depreciation) on investment in gold	61,192	2,852	[1]	83,564	27,592	[1]
Net Assets – Closing Balance	1,615,111	676,459	[1]	1,615,111	676,459	[1]
SPDR Gold Mini Shares Trust [Member]
Net Assets – Opening Balance	1,133,086	396,942		1,050,703	229,028
Creations	455,825	247,386		561,396	392,930
Redemptions	(37,794)	0		(87,590)	0
Net investment loss	(586)	(250)		(1,083)	(384)
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	68	9		116	9
Net realized gain/(loss) from gold distributed for the redemption of shares	3,320	0		8,005	0
Net change in unrealized appreciation/(depreciation) on investment in gold	61,192	2,724		83,564	25,228
Net Assets – Closing Balance	$ 1,615,111	$ 646,811		$ 1,615,111	$ 646,811
[1]	Amounts include SPDR® Long Dollar Gold Trust which liquidated on September 16, 2019.

Organization

Organization	6 Months Ended
	Mar. 31, 2020
Organization	1. Organization World Gold Trust (the “Trust”), formerly known as “World Currency Gold Trust,” was organized as a Delaware statutory trust on August 27, 2014 and is governed by the Fourth Amended and Restated Agreement and Declaration of Trust (the “Declaration of Trust”), dated as of April 16, 2018 and amended on February 6, 2020, between WGC USA Asset Management Company, LLC (the “Sponsor”) and the Delaware Trust Company (the “Trustee”). The Trust is authorized to issue an unlimited number of shares of beneficial interest. The beneficial interest in the Trust may be divided into one or more series. The Trust has established separate series, one of which is operational as of March , . The accompanying financial statements relate to the one operational series, SPDR ® Gold MiniShares SM Trust (“GLDM”), which began publicly trading on June , . The fiscal year-end of both the Trust and GLDM is th . The investment objective of GLDM is for its shares (the “Shares”) to reflect the performance of the price of gold, less its expenses. GLDM’s only ordinary recurring expense is the Sponsor’s annual fee of 0.18% of its net asset value (“NAV”). The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, (“BNYM”) is the administrator (the “Administrator”) and transfer agent of the Trust BNYM also serves as the custodian of GLDM’s cash, if any. ICBC Standard Bank Plc (the “Custodian”) is responsible for custody of GLDM’s gold. State Street Global Advisors Funds Distributors, LLC is the marketing agent (the “Marketing Agent”). The Statements of Financial Condition and Schedules of Investment at March 31, 2020, and the Statements of Operations, Changes in Net Assets and Cash Flows for the three and six months ended March 31, 2020 and 2019 have been prepared on behalf of GLDM without audit. In the opinion of management of the Sponsor, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the three and six months ended March 31, 2020 and for all periods presented have been made. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Annual Report on Form 10-K The Trust had no operations with respect to GLDM’s Shares prior to June 26, 2018 other than matters relating to its organization and the registration of the offer and sale of GLDM’s Shares under the Securities Act of 1933, as amended. SPDR ®
SPDR Gold Mini Shares Trust [Member]
Organization	1. Organization World Gold Trust (the “Trust”), formerly known as “World Currency Gold Trust,” was organized as a Delaware statutory trust on August 27, 2014 and is governed by the Fourth Amended and Restated Agreement and Declaration of Trust (the “Declaration of Trust”), dated as of April 16, 2018 and amended on February 6, 2020, between WGC USA Asset Management Company, LLC (the “Sponsor”) and the Delaware Trust Company (the “Trustee”). The Trust is authorized to issue an unlimited number of shares of beneficial interest. The beneficial interest in the Trust may be divided into one or more series. The Trust has established separate series, one of which is operational as of March , . The accompanying financial statements relate to the one operational series, SPDR ® Gold MiniShares SM Trust (“GLDM”), which began publicly trading on June , . The fiscal year-end of both the Trust and GLDM is th . The investment objective of GLDM is for its shares (the “Shares”) to reflect the performance of the price of gold, less its expenses. GLDM’s only ordinary recurring expense is the Sponsor’s annual fee of 0.18% of its net asset value (“NAV”). The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, (“BNYM”) is the administrator (the “Administrator”) and transfer agent of the Trust BNYM also serves as the custodian of GLDM’s cash, if any. ICBC Standard Bank Plc (the “Custodian”) is responsible for custody of GLDM’s gold. State Street Global Advisors Funds Distributors, LLC is the marketing agent (the “Marketing Agent”). The Statements of Financial Condition and Schedules of Investment at March 31, 2020, and the Statements of Operations, Changes in Net Assets and Cash Flows for the three and six months ended March 31, 2020 and 2019 have been prepared on behalf of GLDM without audit. In the opinion of management of the Sponsor, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the three and six months ended March 31, 2020 and for all periods presented have been made. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Annual Report on Form 10-K The Trust had no operations with respect to GLDM’s Shares prior to June 26, 2018 other than matters relating to its organization and the registration of the offer and sale of GLDM’s Shares under the Securities Act of 1933, as amended. SPDR ®

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Mar. 31, 2020
Significant Accounting Policies	2. Significant Accounting Policies The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by GLDM and the Trust. 2.1 Basis of Accounting GLDM is an investment company within the scope of Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended. These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise. 2.2 Basis of Presentation The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and GLDW, until its liquidation, and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM shall be enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish. 2.3 Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments of sufficient credit quality with original maturity of three months or less. 2.4 Fair Value Measurement U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value. Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments. The following table summarizes GLDM’s investment at fair value: (Amounts in 000’s of US$) March 31, 2020 Level 1 Level 2 Level 3 Investment in Gold $ 1,522,306 $ — $ — Total $ 1,522,306 $ — $ — (Amounts in 000’s of US$) September 30, 2019 Level 1 Level 2 Level 3 Investment in Gold $ 1,036,032 $— $— Total $ 1,036,032 $— $— There were no transfers between Level 1 and other Levels in The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration such 2.5 Custody of Gold Gold is held by the Custodian on behalf of GLDM. During the six months ended March 31, 2020 and the year ended September 30, 2019, no gold was held by a subcustodian. 2.6 Gold Receivable Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold receivable $ 93,025 $ 14,819 2.7 Gold Payable Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date. Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold payable $— $— 2.8 Creations and Redemptions of Shares GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received. As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Activity in the number of Shares created and redeemed for the six months ended March 31, 2020 and 2019 are as follows: (Amounts are in 000’s) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Number of Shares Created and Redeemed: Creations 35,700 30,700 Redemptions (5,900 ) — Net change in Number of Shares Created and 29,800 30,700 (Amounts in 000’s of US$) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Value of Shares Created and Redeemed: Creations $ 561,396 $ 392,930 Redemptions (87,590 ) — Net change in Value of Shares Created and Redeemed $ 473,806 $ 392,930 2.9 Income and Expense (Amounts in 000’s of US$) The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling GLDM’s net realized and change in unrealized gain on investment in gold for the six months ended March 31, 2020 of $91,685 is made up of a realized gain of $116 from the sale of gold to pay Sponsor fees, a realized gain of $8,005 from gold distributed for the redemption of shares, and a change in unrealized appreciation of $83,564 on investment in gold. GLDM’s net realized and change in unrealized gain on investment in gold for the six months ended March 31, 2019 of $25,237 is made up of a realized gain of $9 from the sale of gold to pay Sponsor fees and a change in unrealized appreciation of $25,228 on investment in gold. 2.10 Income Taxes GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of March 31, 2020. As of March 31, 2020, the 2019 and 2018 tax years remain open for examination. There were no examinations in progress at period end. 2.11 New Accounting Pronouncements In August 2018, the FASB issued Accounting Standards Update 2018-13, 2018-13”). 2018-13
SPDR Gold Mini Shares Trust [Member]
Significant Accounting Policies	2. Significant Accounting Policies The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by GLDM and the Trust. 2.1 Basis of Accounting GLDM is an investment company within the scope of Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended. These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise. 2.2 Basis of Presentation The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and GLDW, until its liquidation, and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM shall be enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish. 2.3 Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments of sufficient credit quality with original maturity of three months or less. 2.4 Fair Value Measurement U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value. Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments. The following table summarizes GLDM’s investment at fair value: (Amounts in 000’s of US$) March 31, 2020 Level 1 Level 2 Level 3 Investment in Gold $ 1,522,306 $ — $ — Total $ 1,522,306 $ — $ — (Amounts in 000’s of US$) September 30, 2019 Level 1 Level 2 Level 3 Investment in Gold $ 1,036,032 $— $— Total $ 1,036,032 $— $— There were no transfers between Level 1 and other Levels in The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration such 2.5 Custody of Gold Gold is held by the Custodian on behalf of GLDM. During the six months ended March 31, 2020 and the year ended September 30, 2019, no gold was held by a subcustodian. 2.6 Gold Receivable Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold receivable $ 93,025 $ 14,819 2.7 Gold Payable Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date. Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold payable $— $— 2.8 Creations and Redemptions of Shares GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received. As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Activity in the number of Shares created and redeemed for the six months ended March 31, 2020 and 2019 are as follows: (Amounts are in 000’s) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Number of Shares Created and Redeemed: Creations 35,700 30,700 Redemptions (5,900 ) — Net change in Number of Shares Created and 29,800 30,700 (Amounts in 000’s of US$) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Value of Shares Created and Redeemed: Creations $ 561,396 $ 392,930 Redemptions (87,590 ) — Net change in Value of Shares Created and Redeemed $ 473,806 $ 392,930 2.9 Income and Expense (Amounts in 000’s of US$) The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling GLDM’s net realized and change in unrealized gain on investment in gold for the six months ended March 31, 2020 of $91,685 is made up of a realized gain of $116 from the sale of gold to pay Sponsor fees, a realized gain of $8,005 from gold distributed for the redemption of shares, and a change in unrealized appreciation of $83,564 on investment in gold. GLDM’s net realized and change in unrealized gain on investment in gold for the six months ended March 31, 2019 of $25,237 is made up of a realized gain of $9 from the sale of gold to pay Sponsor fees and a change in unrealized appreciation of $25,228 on investment in gold. 2.10 Income Taxes GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of March 31, 2020. As of March 31, 2020, the 2019 and 2018 tax years remain open for examination. There were no examinations in progress at period end. 2.11 New Accounting Pronouncements In August 2018, the FASB issued Accounting Standards Update 2018-13, 2018-13”). 2018-13

Related Parties-Sponsor

Related Parties-Sponsor	6 Months Ended
	Mar. 31, 2020
Related Parties-Sponsor	3. Related Parties—Sponsor The Sponsor receives an annual fee equal to 0.18% of the NAV of GLDM, calculated on a daily basis. The Sponsor is responsible for the payment
SPDR Gold Mini Shares Trust [Member]
Related Parties-Sponsor	3. Related Parties—Sponsor The Sponsor receives an annual fee equal to 0.18% of the NAV of GLDM, calculated on a daily basis. The Sponsor is responsible for the payment

GLDM Expenses

GLDM Expenses	6 Months Ended
	Mar. 31, 2020
GLDM Expenses	4. GLDM Expenses GLDM’s only ordinary recurring operating expenses are the Sponsor’s annual fee of 0.18% of the NAV of GLDM. The Sponsor’s fee is payable monthly in arrears. Expenses payable will reduce the NAV of GLDM.
SPDR Gold Mini Shares Trust [Member]
GLDM Expenses	4. GLDM Expenses GLDM’s only ordinary recurring operating expenses are the Sponsor’s annual fee of 0.18% of the NAV of GLDM. The Sponsor’s fee is payable monthly in arrears. Expenses payable will reduce the NAV of GLDM.

Concentration of Risk

Concentration of Risk	6 Months Ended
	Mar. 31, 2020
Concentration of Risk	5. Concentration of Risk GLDM’s primary business activities are the investment in gold and the issuance and sale of Shares. Various factors could affect the price of gold including: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries such as China, Australia, South Africa and the United States; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; (vi) other economic variables such as income growth, economic output, and monetary policies; and (vii) global or regional political, economic or financial events and situations. In addition, while gold is used to preserve wealth by investors around the world, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these events could have a material effect on GLDM’s financial position and results of operations.
SPDR Gold Mini Shares Trust [Member]
Concentration of Risk	5. Concentration of Risk GLDM’s primary business activities are the investment in gold and the issuance and sale of Shares. Various factors could affect the price of gold including: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries such as China, Australia, South Africa and the United States; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; (vi) other economic variables such as income growth, economic output, and monetary policies; and (vii) global or regional political, economic or financial events and situations. In addition, while gold is used to preserve wealth by investors around the world, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these events could have a material effect on GLDM’s financial position and results of operations.

Indemnification

Indemnification	6 Months Ended
	Mar. 31, 2020
Indemnification	6. Indemnification The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith or willful misconduct. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust. The Trustee and each of its officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence. The Sponsor will not be liable to the Trust, the Trustee or any shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold or other assets held in trust under Declaration of Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct.
SPDR Gold Mini Shares Trust [Member]
Indemnification	6. Indemnification The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith or willful misconduct. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust. The Trustee and each of its officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence. The Sponsor will not be liable to the Trust, the Trustee or any shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold or other assets held in trust under Declaration of Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct.

Financial Highlights

Financial Highlights	6 Months Ended
	Mar. 31, 2020
Financial Highlights	7. Financial Highlights The following presentation includes financial highlights related to investment performance and operations of a Share outstanding for the three and six months ended March 31, 2020 and 2019, respectively. The total return at net asset value is based on the change in net asset value of a Share during the period and the total return at market value is based on the change in market value of a Share on NYSE Arca during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions. Three Months Mar-31, 2020 Three Months Mar-31, 2019 Six Months Mar-31, 2020 Six Months Mar-31, 2019 Net Asset Value Net asset value per Share, beginning of period $ 15.19 $ 12.80 $ 14.82 $ 11.87 Net investment income/(loss) (0.01 ) (0.01 ) (0.01 ) (0.01 ) Net Realized and Change in Unrealized Gain/(Loss) 0.86 0.15 1.23 1.08 Net Income/(Loss) 0.85 0.14 1.22 1.07 Net asset value per Share, end of period $ 16.04 $ 12.94 $ 16.04 $ 12.94 Market value per Share, beginning of period $ 15.14 $ 12.82 $ 14.70 $ 11.91 Market value per Share, end of period $ 15.72 $ 12.91 $ 15.72 $ 12.91 Ratio to average net assets Net Investment loss (1) (0.18 )% (0.18 )% (0.18 )% (0.18 )% Gross expenses (1) 0.18 % 0.18 % 0.18 % 0.18 % Net expenses (1) 0.18 % 0.18 % 0.18 % 0.18 % Total Return, at net asset value (2) 5.60 % 1.09 % 8.23 % 9.01 % Total Return, at market value (2) 3.83 % 0.70 % 6.94 % 8.40 % (1) Percentages are annualized. (2) Percentages are not annualized
SPDR Gold Mini Shares Trust [Member]
Financial Highlights	7. Financial Highlights The following presentation includes financial highlights related to investment performance and operations of a Share outstanding for the three and six months ended March 31, 2020 and 2019, respectively. The total return at net asset value is based on the change in net asset value of a Share during the period and the total return at market value is based on the change in market value of a Share on NYSE Arca during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions. Three Months Mar-31, 2020 Three Months Mar-31, 2019 Six Months Mar-31, 2020 Six Months Mar-31, 2019 Net Asset Value Net asset value per Share, beginning of period $ 15.19 $ 12.80 $ 14.82 $ 11.87 Net investment income/(loss) (0.01 ) (0.01 ) (0.01 ) (0.01 ) Net Realized and Change in Unrealized Gain/(Loss) 0.86 0.15 1.23 1.08 Net Income/(Loss) 0.85 0.14 1.22 1.07 Net asset value per Share, end of period $ 16.04 $ 12.94 $ 16.04 $ 12.94 Market value per Share, beginning of period $ 15.14 $ 12.82 $ 14.70 $ 11.91 Market value per Share, end of period $ 15.72 $ 12.91 $ 15.72 $ 12.91 Ratio to average net assets Net Investment loss (1) (0.18 )% (0.18 )% (0.18 )% (0.18 )% Gross expenses (1) 0.18 % 0.18 % 0.18 % 0.18 % Net expenses (1) 0.18 % 0.18 % 0.18 % 0.18 % Total Return, at net asset value (2) 5.60 % 1.09 % 8.23 % 9.01 % Total Return, at market value (2) 3.83 % 0.70 % 6.94 % 8.40 % (1) Percentages are annualized. (2) Percentages are not annualized

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2020
Basis of Accounting	2.1 Basis of Accounting GLDM is an investment company within the scope of Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended. These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise.
Basis of Presentation	2.2 Basis of Presentation The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and GLDW, until its liquidation, and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM shall be enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish.
Cash and Cash Equivalents	2.3 Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments of sufficient credit quality with original maturity of three months or less.
Fair Value Measurement	2.4 Fair Value Measurement U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value. Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments. The following table summarizes GLDM’s investment at fair value: (Amounts in 000’s of US$) March 31, 2020 Level 1 Level 2 Level 3 Investment in Gold $ 1,522,306 $ — $ — Total $ 1,522,306 $ — $ — (Amounts in 000’s of US$) September 30, 2019 Level 1 Level 2 Level 3 Investment in Gold $ 1,036,032 $— $— Total $ 1,036,032 $— $— There were no transfers between Level 1 and other Levels in The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration such
Custody of Gold	2.5 Custody of Gold Gold is held by the Custodian on behalf of GLDM. During the six months ended March 31, 2020 and the year ended September 30, 2019, no gold was held by a subcustodian.
Gold Receivable	2.6 Gold Receivable Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold receivable $ 93,025 $ 14,819
Gold Payable	2.7 Gold Payable Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date. Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold payable $— $—
Creations and Redemptions of Shares	2.8 Creations and Redemptions of Shares GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received. As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Activity in the number of Shares created and redeemed for the six months ended March 31, 2020 and 2019 are as follows: (Amounts are in 000’s) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Number of Shares Created and Redeemed: Creations 35,700 30,700 Redemptions (5,900 ) — Net change in Number of Shares Created and 29,800 30,700 (Amounts in 000’s of US$) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Value of Shares Created and Redeemed: Creations $ 561,396 $ 392,930 Redemptions (87,590 ) — Net change in Value of Shares Created and Redeemed $ 473,806 $ 392,930
Income and Expense	2.9 Income and Expense (Amounts in 000’s of US$) The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling GLDM’s net realized and change in unrealized gain on investment in gold for the six months ended March 31, 2020 of $91,685 is made up of a realized gain of $116 from the sale of gold to pay Sponsor fees, a realized gain of $8,005 from gold distributed for the redemption of shares, and a change in unrealized appreciation of $83,564 on investment in gold. GLDM’s net realized and change in unrealized gain on investment in gold for the six months ended March 31, 2019 of $25,237 is made up of a realized gain of $9 from the sale of gold to pay Sponsor fees and a change in unrealized appreciation of $25,228 on investment in gold.
Income Taxes	2.10 Income Taxes GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of March 31, 2020. As of March 31, 2020, the 2019 and 2018 tax years remain open for examination. There were no examinations in progress at period end.
New Accounting Pronouncements	2.11 New Accounting Pronouncements In August 2018, the FASB issued Accounting Standards Update 2018-13, 2018-13”). 2018-13
SPDR Gold Mini Shares Trust [Member]
Basis of Accounting	2.1 Basis of Accounting GLDM is an investment company within the scope of Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended. These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise.
Basis of Presentation	2.2 Basis of Presentation The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and GLDW, until its liquidation, and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM shall be enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish.
Cash and Cash Equivalents	2.3 Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments of sufficient credit quality with original maturity of three months or less.
Fair Value Measurement	2.4 Fair Value Measurement U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value. Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments. The following table summarizes GLDM’s investment at fair value: (Amounts in 000’s of US$) March 31, 2020 Level 1 Level 2 Level 3 Investment in Gold $ 1,522,306 $ — $ — Total $ 1,522,306 $ — $ — (Amounts in 000’s of US$) September 30, 2019 Level 1 Level 2 Level 3 Investment in Gold $ 1,036,032 $— $— Total $ 1,036,032 $— $— There were no transfers between Level 1 and other Levels in The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration such
Custody of Gold	2.5 Custody of Gold Gold is held by the Custodian on behalf of GLDM. During the six months ended March 31, 2020 and the year ended September 30, 2019, no gold was held by a subcustodian.
Gold Receivable	2.6 Gold Receivable Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold receivable $ 93,025 $ 14,819
Gold Payable	2.7 Gold Payable Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date. Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold payable $— $—
Creations and Redemptions of Shares	2.8 Creations and Redemptions of Shares GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received. As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Activity in the number of Shares created and redeemed for the six months ended March 31, 2020 and 2019 are as follows: (Amounts are in 000’s) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Number of Shares Created and Redeemed: Creations 35,700 30,700 Redemptions (5,900 ) — Net change in Number of Shares Created and 29,800 30,700 (Amounts in 000’s of US$) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Value of Shares Created and Redeemed: Creations $ 561,396 $ 392,930 Redemptions (87,590 ) — Net change in Value of Shares Created and Redeemed $ 473,806 $ 392,930
Income and Expense	2.9 Income and Expense (Amounts in 000’s of US$) The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling GLDM’s net realized and change in unrealized gain on investment in gold for the six months ended March 31, 2020 of $91,685 is made up of a realized gain of $116 from the sale of gold to pay Sponsor fees, a realized gain of $8,005 from gold distributed for the redemption of shares, and a change in unrealized appreciation of $83,564 on investment in gold. GLDM’s net realized and change in unrealized gain on investment in gold for the six months ended March 31, 2019 of $25,237 is made up of a realized gain of $9 from the sale of gold to pay Sponsor fees and a change in unrealized appreciation of $25,228 on investment in gold.
Income Taxes	2.10 Income Taxes GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of March 31, 2020. As of March 31, 2020, the 2019 and 2018 tax years remain open for examination. There were no examinations in progress at period end.
New Accounting Pronouncements	2.11 New Accounting Pronouncements In August 2018, the FASB issued Accounting Standards Update 2018-13, 2018-13”). 2018-13

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Mar. 31, 2020
Summary of Fund's Investments at Fair Value	The following table summarizes GLDM’s investment at fair value: (Amounts in 000’s of US$) March 31, 2020 Level 1 Level 2 Level 3 Investment in Gold $ 1,522,306 $ — $ — Total $ 1,522,306 $ — $ — (Amounts in 000’s of US$) September 30, 2019 Level 1 Level 2 Level 3 Investment in Gold $ 1,036,032 $— $— Total $ 1,036,032 $— $—
Summary of Gold Receivable / Payable	Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold receivable $ 93,025 $ 14,819 Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date. Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold payable $— $—
SPDR Gold Mini Shares Trust [Member]
Summary of Fund's Investments at Fair Value	The following table summarizes GLDM’s investment at fair value: (Amounts in 000’s of US$) March 31, 2020 Level 1 Level 2 Level 3 Investment in Gold $ 1,522,306 $ — $ — Total $ 1,522,306 $ — $ — (Amounts in 000’s of US$) September 30, 2019 Level 1 Level 2 Level 3 Investment in Gold $ 1,036,032 $— $— Total $ 1,036,032 $— $—
Summary of Gold Receivable / Payable	Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold receivable $ 93,025 $ 14,819 Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date. Mar-31, Sep-30, (Amounts in 000’s of US$) 2020 2019 Gold payable $— $—
Creations and Redemptions of Shares	Activity in the number of Shares created and redeemed for the six months ended March 31, 2020 and 2019 are as follows: (Amounts are in 000’s) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Number of Shares Created and Redeemed: Creations 35,700 30,700 Redemptions (5,900 ) — Net change in Number of Shares Created and 29,800 30,700 (Amounts in 000’s of US$) Six Months Ended Mar-31, Six Months Ended Mar-31, Activity in Value of Shares Created and Redeemed: Creations $ 561,396 $ 392,930 Redemptions (87,590 ) — Net change in Value of Shares Created and Redeemed $ 473,806 $ 392,930

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Mar. 31, 2020
Summary of Financial Highlights	The following presentation includes financial highlights related to investment performance and operations of a Share outstanding for the three and six months ended March 31, 2020 and 2019, respectively. The total return at net asset value is based on the change in net asset value of a Share during the period and the total return at market value is based on the change in market value of a Share on NYSE Arca during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions. Three Months Mar-31, 2020 Three Months Mar-31, 2019 Six Months Mar-31, 2020 Six Months Mar-31, 2019 Net Asset Value Net asset value per Share, beginning of period $ 15.19 $ 12.80 $ 14.82 $ 11.87 Net investment income/(loss) (0.01 ) (0.01 ) (0.01 ) (0.01 ) Net Realized and Change in Unrealized Gain/(Loss) 0.86 0.15 1.23 1.08 Net Income/(Loss) 0.85 0.14 1.22 1.07 Net asset value per Share, end of period $ 16.04 $ 12.94 $ 16.04 $ 12.94 Market value per Share, beginning of period $ 15.14 $ 12.82 $ 14.70 $ 11.91 Market value per Share, end of period $ 15.72 $ 12.91 $ 15.72 $ 12.91 Ratio to average net assets Net Investment loss (1) (0.18 )% (0.18 )% (0.18 )% (0.18 )% Gross expenses (1) 0.18 % 0.18 % 0.18 % 0.18 % Net expenses (1) 0.18 % 0.18 % 0.18 % 0.18 % Total Return, at net asset value (2) 5.60 % 1.09 % 8.23 % 9.01 % Total Return, at market value (2) 3.83 % 0.70 % 6.94 % 8.40 % (1) Percentages are annualized. (2) Percentages are not annualized
SPDR Gold Mini Shares Trust [Member]
Summary of Financial Highlights	The following presentation includes financial highlights related to investment performance and operations of a Share outstanding for the three and six months ended March 31, 2020 and 2019, respectively. The total return at net asset value is based on the change in net asset value of a Share during the period and the total return at market value is based on the change in market value of a Share on NYSE Arca during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions. Three Months Mar-31, 2020 Three Months Mar-31, 2019 Six Months Mar-31, 2020 Six Months Mar-31, 2019 Net Asset Value Net asset value per Share, beginning of period $ 15.19 $ 12.80 $ 14.82 $ 11.87 Net investment income/(loss) (0.01 ) (0.01 ) (0.01 ) (0.01 ) Net Realized and Change in Unrealized Gain/(Loss) 0.86 0.15 1.23 1.08 Net Income/(Loss) 0.85 0.14 1.22 1.07 Net asset value per Share, end of period $ 16.04 $ 12.94 $ 16.04 $ 12.94 Market value per Share, beginning of period $ 15.14 $ 12.82 $ 14.70 $ 11.91 Market value per Share, end of period $ 15.72 $ 12.91 $ 15.72 $ 12.91 Ratio to average net assets Net Investment loss (1) (0.18 )% (0.18 )% (0.18 )% (0.18 )% Gross expenses (1) 0.18 % 0.18 % 0.18 % 0.18 % Net expenses (1) 0.18 % 0.18 % 0.18 % 0.18 % Total Return, at net asset value (2) 5.60 % 1.09 % 8.23 % 9.01 % Total Return, at market value (2) 3.83 % 0.70 % 6.94 % 8.40 % (1) Percentages are annualized. (2) Percentages are not annualized

Organization - Additional Infor

Organization - Additional Information (Detail) - Series	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Number of established separate series		6
Percentage of operating expenses annual fee of net asset value	0.18%	0.18%
Sponsor [Member]
Percentage of operating expenses annual fee of net asset value	0.18%
SPDR Gold Mini Shares Trust [Member]
Percentage of operating expenses annual fee of net asset value	0.18%
SPDR Gold Mini Shares Trust [Member] | Sponsor [Member]
Percentage of operating expenses annual fee of net asset value	0.18%	0.18%

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) $ in Thousands	3 Months Ended			6 Months Ended			12 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)		Mar. 31, 2020USD ($)tshares	Mar. 31, 2019USD ($)		Sep. 30, 2019USD ($)t
Significant Accounting Policies [Line Items]
Fair value of assets and liabilities, amount transferred between levels				$ 0			$ 0
Maximum number of business days within which gold is transferred from the Fund's allocated bullion account with the Custodian				2 days
Minimum denomination of shares issued redeemed against gold | shares				100,000
Net realized and change in unrealized gain/(loss) on investment in gold	$ 64,580	$ 3,406	[1]	$ 91,685	$ 28,647	[1]
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	68	11	[1]	116	10	[1]
Net change in unrealized appreciation/(depreciation) on investment in gold	61,192	2,852	[1]	83,564	27,592	[1]
Net realized gain/(loss) from gold distributed for the redemption of shares	3,320	0	[1]	8,005	0	[1]
Reserve for uncertain tax positions	0			$ 0
Gold held by subcustodian | t				0			0
SPDR Gold Mini Shares Trust [Member]
Significant Accounting Policies [Line Items]
Fair value of assets and liabilities, amount transferred between levels				$ 0			$ 0
Maximum number of business days within which gold is transferred from the Fund's allocated bullion account with the Custodian				2 days
Minimum denomination of shares issued redeemed against gold | shares				100,000
Net realized and change in unrealized gain/(loss) on investment in gold	64,580	2,733		$ 91,685	25,237
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	68	9		116	9
Net change in unrealized appreciation/(depreciation) on investment in gold	61,192	2,724		83,564	25,228
Net realized gain/(loss) from gold distributed for the redemption of shares	$ 3,320	$ 0		$ 8,005	$ 0
Gold held by subcustodian | t				0			0
[1]	Amounts include SPDR® Long Dollar Gold Trust which liquidated on September 16, 2019.

Significant Accounting Polici_5

Significant Accounting Policies - Summary of Fund's Investments at Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019
Investment Holdings [Line Items]
Fund's investments at fair value	$ 1,522,306	$ 1,036,032
SPDR Gold Mini Shares Trust [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	1,522,306	1,036,032
Investment in Gold [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	1,522,306	1,036,032
Investment in Gold [Member] | SPDR Gold Mini Shares Trust [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	1,522,306	1,036,032
Fair Value, Inputs, Level 1 [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	1,522,306	1,036,032
Fair Value, Inputs, Level 1 [Member] | SPDR Gold Mini Shares Trust [Member]
Investment Holdings [Line Items]
Fund's investments at fair value		1,036,032
Fair Value, Inputs, Level 1 [Member] | Investment in Gold [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	1,522,306	1,036,032
Fair Value, Inputs, Level 1 [Member] | Investment in Gold [Member] | SPDR Gold Mini Shares Trust [Member]
Investment Holdings [Line Items]
Fund's investments at fair value		1,036,032
Fair Value, Inputs, Level 2 [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Investment in Gold [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Investment in Gold [Member]
Investment Holdings [Line Items]
Fund's investments at fair value	$ 0	$ 0

Significant Accounting Polici_6

Significant Accounting Policies - Summary of Gold Receivable / Payable (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019
Schedule Of Significant Accounting Policies [Line Items]
Gold receivable	$ 93,025	$ 14,819
Gold payable	0	0
SPDR Gold Mini Shares Trust [Member]
Schedule Of Significant Accounting Policies [Line Items]
Gold receivable	93,025	14,819
Gold payable	$ 0	$ 0

Significant Accounting Polici_7

Significant Accounting Policies - Creations and Redemptions of Shares (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019		Mar. 31, 2020	Mar. 31, 2019
Activity in Number of Shares Created and Redeemed:
Creations				35,700	30,700
Redemptions				(5,900)
Net change in Number of Shares Created and Redeemed				29,800	30,700
Activity in Value of Shares Created and Redeemed:
Creations	$ 455,825	$ 247,386	[1]	$ 561,396	$ 392,930	[1]
Redemptions	(37,794)			(87,590)
Net change in Value of Shares Created and Redeemed				$ 473,806	$ 392,930
SPDR Gold Mini Shares Trust [Member]
Activity in Number of Shares Created and Redeemed:
Creations				35,700	30,700
Redemptions				(5,900)
Net change in Number of Shares Created and Redeemed				29,800	30,700
Activity in Value of Shares Created and Redeemed:
Creations	455,825	247,386		$ 561,396	$ 392,930
Redemptions	$ (37,794)	$ 0		(87,590)	0
Net change in Value of Shares Created and Redeemed				$ 473,806	$ 392,930
[1]	Amounts include SPDR® Long Dollar Gold Trust which liquidated on September 16, 2019.

Related Parties - Sponsor - Add

Related Parties - Sponsor - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Related Party Transaction [Line Items]
Percentage of operating expenses annual fee of net asset value	0.18%	0.18%
Sponsor [Member]
Related Party Transaction [Line Items]
Percentage of operating expenses annual fee of net asset value	0.18%
Maximum [Member]
Related Party Transaction [Line Items]
Legal fees	$ 100,000
SPDR Gold Mini Shares Trust [Member]
Related Party Transaction [Line Items]
Percentage of operating expenses annual fee of net asset value	0.18%
SPDR Gold Mini Shares Trust [Member] | Sponsor [Member]
Related Party Transaction [Line Items]
Percentage of operating expenses annual fee of net asset value	0.18%	0.18%
SPDR Gold Mini Shares Trust [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Legal fees	$ 100,000

GLDM Expenses - Additional Info

GLDM Expenses - Additional Information (Detail)	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Percentage of operating expenses annual fee of net asset value	0.18%	0.18%
SPDR Gold Mini Shares Trust [Member]
Percentage of operating expenses annual fee of net asset value	0.18%

Financial Highlights - Summary

Financial Highlights - Summary of Financial Highlights (Detail) - $ / shares		3 Months Ended		6 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Net Asset Value
Net asset value per Share, beginning of period		$ 15.19	$ 12.80	$ 14.82	$ 11.87
Net investment income/(loss)		(0.01)	(0.01)	(0.01)	(0.01)
Net Realized and Change in Unrealized Gain/(Loss)		0.86	0.15	1.23	1.08
Net Income/(Loss)		0.85	0.14	1.22	1.07
Net asset value per Share, end of period		16.04	12.94	16.04	12.94
Market value per Share, beginning of period		15.14	12.82	14.70	11.91
Market value per Share, end of period		$ 15.72	$ 12.91	$ 15.72	$ 12.91
Ratio to average net assets
Net Investment loss	[1]	(0.18%)	(0.18%)	(0.18%)	(0.18%)
Gross expenses	[1]	0.18%	0.18%	0.18%	0.18%
Net expenses	[1]	0.18%	0.18%	0.18%	0.18%
Total Return, at net asset value	[2]	5.60%	1.09%	8.23%	9.01%
Total Return, at market value	[2]	3.83%	0.70%	6.94%	8.40%
SPDR Gold Mini Shares Trust [Member]
Net Asset Value
Net asset value per Share, beginning of period		$ 15.19	$ 12.80	$ 14.82	$ 11.87
Net investment income/(loss)		(0.01)	(0.01)	(0.01)	(0.01)
Net Realized and Change in Unrealized Gain/(Loss)		0.86	0.15	1.23	1.08
Net Income/(Loss)		0.85	0.14	1.22	1.07
Net asset value per Share, end of period		16.04	12.94	16.04	12.94
Market value per Share, beginning of period		15.14	12.82	14.70	11.91
Market value per Share, end of period		$ 15.72	$ 12.91	$ 15.72	$ 12.91
Ratio to average net assets
Net Investment loss	[1]	(0.18%)	(0.18%)	(0.18%)	(0.18%)
Gross expenses	[1]	0.18%	0.18%	0.18%	0.18%
Net expenses	[1]	0.18%	0.18%	0.18%	0.18%
Total Return, at net asset value	[2]	5.60%	1.09%	8.23%	9.01%
Total Return, at market value	[2]	3.83%	0.70%	6.94%	8.40%
[1]	Percentages are annualized.
[2]	Percentages are not annualized