Item 8. Financial Statements and Supplementary Data
Item
8. Financial Statements and Supplementary Data (Unaudited)
Quarterly
Income Statements
Fiscal
year ended June 30, 2021
Three
months ended
Year ended
(Amounts in 000’s of
US$, except for Share and per Share data)
September
30, 2020
December
31, 2020
March
30, 2021
June
30,
2021
June
30,
2021
EXPENSES
Sponsor’s
Fee
$ 548
$ 527
$ 468
$ 469
$ 2,012
Total expenses
548
527
468
469
2,012
Net investment loss
(548 )
(527 )
(468 )
(469 )
(2,012 )
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized gain/(loss) on gold transferred to
pay expenses
119
112
78
68
377
Realized gain/(loss) on gold distributed for
the redemption of Shares
1,788
42,777
5,248
10,502
60,315
Change in unrealized
gain / (loss) on investment in gold
63,577
(43,021 )
(127,177 )
35,932
(70,689 )
Total gain / (loss)
on gold
65,484
(132 )
(121,851 )
46,502
(9,997 )
Change in net assets
from operations
$ 64,936
$ (659 )
$ (122,319 )
$ 46,033
$ (12,009 )
Net increase / (decrease) in net assets per
Share
$ 0.99
$ (0.01 )
$ (2.01 )
$ 0.77
$ (0.19 )
Weighted average number of Shares
65,547
63,291
60,779
59,766
62,495
32
Fiscal
year ended June 30, 2020
Three
months ended
Year ended
(Amounts in 000’s of
US$, except for Share and per Share data)
September
30, 2019
December
31, 2019
March
30, 2020
June
30,
2020
June
30,
2020
EXPENSES
Sponsor’s
Fee
$ 256
$ 256
$ 288
$ 393
$ 1,193
Total expenses
256
256
288
393
1,193
Net investment loss
(256 )
(256 )
(288 )
(393 )
(1,193 )
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized gain/(loss) on gold transferred to
pay expenses
29
34
46
62
171
Realized gain/(loss) on gold distributed for
the redemption of Shares
-
4,663
2,068
-
6,731
Change in unrealized
gain / (loss) on investment in gold
29,097
10,421
31,394
81,991
152,903
Total gain / (loss)
on gold
29,126
15,118
33,508
82,053
159,805
Change in net assets
from operations
$ 28,870
$ 14,862
$ 33,220
$ 81,660
$ 158,612
Net increase / (decrease) in net assets per
Share
$ 0.73
$ 0.38
$ 0.79
$ 1.56
$ 3.64
Weighted average number of Shares
39,797
39,421
42,134
52,203
43,630
Fiscal
year ended June 30, 2019
Three
months ended
Year ended
(Amounts
in 000’s of US$, except for Share and per Share data)
September
30, 2018
December
31, 2018
March
30,
2019
June
30,
2019
June
30,
2019
EXPENSES
Sponsor’s
Fee
$ 134
$ 131
$ 189
$ 213
$ 667
Total expenses
134
131
189
213
667
Net investment loss
(134 )
(131 )
(189 )
(213 )
(667 )
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized gain/(loss) on gold sold to pay expenses
(7 )
(6 )
2
3
(8 )
Realized gain/(loss) on gold distributed for
the redemption of Shares
-
(1,177 )
34
(72 )
(1,215 )
Change in unrealized
gain / (loss) on investment in gold
(13,775 )
23,560
3,709
44,354
57,848
Total gain / (loss)
on gold
(13,782 )
22,377
3,745
44,285
56,625
Change in net assets
from operations
$ (13,916 )
$ 22,246
$ 3,556
$ 44,072
$ 55,958
Net increase / (decrease)
in net assets per Share (1)
$ (0.63 )
$ 0.92
$ 0.11
$ 1.18
$ 1.91
Weighted average number of
Shares (1)
22,035
24,143
33,772
37,485
29,312
(1)
Adjusted
for effect of stock split. The stock split was effective on March 7, 2019. See Note 1 to the Financial Statements
33
Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
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