Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
Goldman Sachs Physical Gold ETF
Quarterly Statements of Operations
For the years ended December 31, 2023 and 2022
(Unaudited)
Three Months
ended
March 31,
2023
Three Months
ended June 30,
2023
Three Months
ended
September 30,
2023
Three Months
ended
December 31,
2023
Year ended
December 31,
2023
EXPENSES
Custodial Sponsor fee
$
(218,841
)
$
(286,215
)
$
(268,238
)
$
(261,844
)
$
(1,035,138
)
Total expenses
(218,841
)
(286,215
)
(268,238
)
(261,844
)
(1,035,138
)
Net investment income (loss)
(218,841
)
(286,215
)
(268,238
)
(261,844
)
(1,035,138
)
Net realized and unrealized gain (loss)
Net realized gain (loss) on gold bullion distributed for redemptions
(125,062
)
944,589
3,044,112
1,603,127
5,466,766
Net realized gain (loss) on gold transferred to pay expenses
(10,863
)
(4,294
)
(11,823
)
(8,505
)
(35.485
)
Change in unrealized appreciation (depreciation) on investment in gold
37,160,345
(25,235,634
)
(14,720,855
)
54,797,250
52,001,106
Net realized and unrealized gain (loss) from operations
37,024,420
(24,295,339
)
(11,688,566
)
56,391,872
$
57,432,387
Net increase in net assets resulting from operations
$
36,805,579
$
(24,581,554
)
$
(11,956,804
)
$
56,130,028
$
56,397,249
Three Months
ended
March 31,
2022
Three Months
ended June 30,
2022
Three Months
ended
September 30,
2022
Three Months
ended
December 31,
2022
Year ended
December 31,
2022
EXPENSES
Custodial Sponsor fee
$
(274,136
)
$
(280,783
)
$
(225,175
)
$
(185,263
)
$
(965,357
)
Total expenses
(274,136
)
(280,783
)
(225,175
)
(185,263
)
(965,357
)
Net investment income (loss)
(274,136
)
(280,783
)
(225,175
)
(185,263
)
(965,357
)
Net realized and unrealized gain (loss)
Net realized gain (loss) on gold bullion distributed for redemptions
8,632,065
15,591,091
(4,334,332
)
(1,417,813
)
18,471,011
Net realized gain (loss) on gold transferred to pay expenses
(22,010
)
(13,257
)
(29,400
)
(23,159
)
(87,826
)
Change in unrealized appreciation (depreciation) on investment in gold
33,232,490
(58,940,816
)
(36,979,756
)
34,399,705
(28,288,377
)
Net realized and unrealized gain (loss) from operations
41,842,545
(43,362,982
)
(41,343,488
)
32,958,733
$
(9,905,192
)
Net increase in net assets resulting from operations
$
41,568,409
$
(43,643,765
)
$
(41,568,663
)
$
32,773,470
$
(10,870,549
)
49
Table of Contents
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
There have been no disagreements with accountants on any matter of accounting principles or practices or financial statement disclosures during the last two fiscal years.
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