1 unchanged sentence
of Assets and Liabilities
−Removed: September 30, 2020 (unaudited) and June 30, 2020
+Added: December 31, 2020 (unaudited) and June 30, 2020
Amounts in 000’s of US$ except share and per share data
−Removed: September 30, 2020
+Added: December 31, 2020
June 30, 2020
9 unchanged sentences
of Investments
−Removed: September 30, 2020 (unaudited) and June 30, 2020
+Added: December 31, 2020 (unaudited) and June 30, 2020
in 000’s of US$, except for ounces and percentages
−Removed: September 30, 2020 (unaudited)
+Added: December 31, 2020 (unaudited)
Total investment
7 unchanged sentences
Amounts in 000’s of US$, except per share data
−Removed: Three Months Ended September 30, 2020 (unaudited)
−Removed: Three Months Ended September 30, 2019 (unaudited)
+Added: December 31, 2020
+Added: December 31, 2019
+Added: December 31, 2020
+Added: December 31, 2019
Total expenses
12 unchanged sentences
of Changes in Net Assets (unaudited)
−Removed: the three months ended September 30, 2020 and 2019 (unaudited)
+Added: the six months ended December 31, 2020 and 2019
Amounts in 000’s of US$
−Removed: Three Months Ended September 30, 2020 (unaudited)
−Removed: Three Months Ended September 30, 2019 (unaudited)
+Added: Three Months Ended December 31, 2020
+Added: Three Months Ended December 31, 2019
+Added: Six Months Ended December 31, 2020
+Added: Six Months Ended December 31, 2019
Net Assets – beginning of the period
8 unchanged sentences
Highlights (Unaudited)
−Removed: the three months ended September 30, 2020 and 2019
+Added: the three months ended December 31, 2020 and 2019
Per Share Performance
(for a Share outstanding throughout each period)
−Removed: Ended September
−Removed: Ended September 30, 2019
+Added: December 31, 2020
+Added: December 31, 2019
+Added: December 31, 2020
+Added: December 31, 2019
Net asset value per Share at beginning of period
Net investment gain (loss) (1)
−Removed: Net realized and unrealized gain (loss) on investment in gold bullion
+Added: Net realized and unrealized gain (loss) on investment in gold
Net change in net assets from operations
Net asset value per Share at end of period
−Removed: Total return ratio, at net asset value (2)
+Added: Total return, at net asset value (2)
Net assets ($000’s)
71 unchanged sentences
rate equal to 0.1749 % of the adjusted daily net asset value of the Trust, paid monthly in arrears.
−Removed: Prior to October 5, 2018 the
−Removed: annualized rate equaled 0.20 %.
Sponsor has agreed to assume administrative and marketing expenses incurred by the Trust, including the Trustee’s monthly
2 unchanged sentences
audit fees and certain legal expenses.
−Removed: of September 30, 2020, the fees payable to the Sponsor were $ 189,151 .
+Added: of December 31, 2020, the fees payable to the Sponsor were $ 161,475 .
As of June 30, 2020, the fees payable to the Sponsor were
3 unchanged sentences
sell the smallest amounts of gold needed to pay these expenses in order to minimize the Trust’s holdings of assets other
−Removed: Other than the Sponsor’s Fee, the Trust had no expenses during the three months ended September 30, 2020 and
+Added: Other than the Sponsor’s Fee, the Trust had no expenses during the years ended June 30, 2020 and 2019.
otherwise directed by the Sponsor, when selling gold the Trustee will endeavor to sell at the price established by the LBMA PM
50 unchanged sentences
Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined
−Removed: that no reserves for uncertain tax positions are required as of September 30, 2020 and June 30, 2020.
+Added: that no reserves for uncertain tax positions are required as of December 31, 2020 and June 30, 2020.
Sponsor evaluates tax positions taken or expected to be taken in the course of preparing the Trust’s tax returns to determine
4 unchanged sentences
Open tax years are those years that are open for examination by the relevant income taxing authority.
−Removed: As of September
+Added: As of December
31, 2020, the 2020, 2019 and 2018 tax years remain open for examination.
3 unchanged sentences
Investment in gold
−Removed: in ounces of gold and their respective values for the three months ended September 30, 2020.
+Added: in ounces of gold and their respective values for the six months ended December 31, 2020.
Schedule of Investment in Gold
5 unchanged sentences
Change in unrealized appreciation (depreciation)
−Removed: Ending balance as of September 30, 2020
−Removed: in ounces of gold and their respective values for the year ended June 30, 2020.
+Added: Ending balance as of December 31, 2020
+Added: in ounces of gold and their respective values for the fiscal year ended June 30, 2020.
Amounts in 000’s of US$, except for ounces data
14 unchanged sentences
computed on the prior Business Day’s Net Asset Value and paid monthly in arrears.
−Removed: Prior to October 5, 2018, the Sponsor’s
−Removed: fee was payable at an annualized rate of 0.20 %.
Sponsor, from time to time, may temporarily waive all or a portion of the Sponsor’s Fee at its discretion for a stated period
40 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.