20 unchanged sentences
New York City time.
−Removed: The Net Asset Value of the Trust is the aggregate value of gold and other assets, if any, of the Trust (other than any amounts credited to the Trust’s reserve account, if any) including cash, if any, less liabilities of the Trust, which include estimated accrued but unpaid fees, expenses and other liabilities.
+Added: The Net Asset Value of the Trust is the aggregate value of gold and other assets, if any, of the Trust (other
+Added: than any amounts credited to the Trust’s reserve account, if any) including cash, if any, less liabilities of the Trust, which include estimated accrued but unpaid fees, expenses and other liabilities.
In determining the Trust’s Net Asset Value, the Trustee values the gold held by the Trust based on the LBMA Gold Price PM.
3 unchanged sentences
dollars per fine troy ounce (“fine ounce”).
−Removed: LBMA Gold Price PM is available for the required day, the Trustee uses the LBMA Gold Price AM.
+Added: If no LBMA Gold Price PM is available for the required day, the Trustee uses the LBMA Gold Price AM.
If no LBMA Gold Price PM or LBMA Gold Price AM is available for the day, the Trustee values the Trust’s gold based on the most recently announced LBMA Gold Price PM or LBMA Gold Price AM.
16 unchanged sentences
At December 31, 2023, the Trust’s NAV per share was at $20.43, compared to $17.98 at December 31, 2022.
−Removed: The decrease in NAV per share at year-end was primarily due to a lower price of gold of $1,812.35 at period end which represented a decrease of (0.43)% from $1,820.10 at December 31, 2021.
+Added: The increase in NAV per share at year-end was primarily due to a higher price of gold of $2,062.40 at period end which represented an increase of 13.80% from $1,812.35 at December 31, 2022.
At December 31, 2023, the Custodian held 307,119.5 ounces of gold on behalf of the Trust in its vault, with a market value of $633,403,259 (cost:
2 unchanged sentences
$449,702,252) based on the LBMA AM Gold Price at period end.
−Removed: The change in net assets from operations for the year-ended December 31, 2022 was $(10,870,549), which was due to (i) the Sponsor Fee of $(965,357) and (ii) a net realized and unrealized loss of $(9,905,192) from operations, which in turn resulted from a net realized loss on gold transferred to pay expenses of $(87,826), a net realized gain from gold bullion distributed for redemptions of $18,471,011 and a net change in unrealized appreciation/depreciation on investments in gold bullion of $(28,288,377).
+Added: The change in net assets from operations for the year ended December 31, 2023 was $56,397,249, which was due to (i) the Sponsor Fee of $(1,035,138) and (ii) a net realized and unrealized gain of $57,432,387 from operations,
+Added: which in turn resulted from a net realized loss on gold transferred to pay expenses of $(35,485), net realized gain from gold bullion distributed for redemptions of $5,466,766 and a net change in unrealized appreciation/depreciation on investments in gold bullion of $52,001,106.
Other than the Sponsor Fee, the Trust had no expenses during the year ended December 31, 2023.
15 unchanged sentences
dollars per ounce over the period from January 1, 2023 to December 29, 2023.
+Added: Daily gold price – January 1, 2023 to December 31, 2023
+Added: LBMA PM Gold Price (in USD)
The average, high, low and end-of-period gold prices for each quarterly period from January 1, 2023 through December 31, 2023, based on the LBMA PM Gold Price were:
+Added: Last business
October 1, 2023 to December 31, 2023
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.