48 unchanged sentences
Fee through in-kind transfers of gold to the Sponsor.
−Removed: At March 31, 2024 the Trust did not have any cash balances.
+Added: On September 30, 2024 the Trust did not have any cash balances.
Sheet Arrangements
10 unchanged sentences
of Operations
−Removed: Quarter Ended March 31, 2024
−Removed: Trust’s net asset value increased from $960,483,199 on December 31, 2023 to $1,003,452,876 on March 31, 2024, a 4.47% increase.
−Removed: The increase in the Trust’s net asset value was due to a change in the price of gold, which increased 7.37% from $2,062.40 on December
−Removed: 31, 2023 to $2,214.35 on March 31, 2024.
−Removed: The impact of the increase of gold prices was reduced by the Trust’s number of shares
−Removed: outstanding which changed from 47,100,000 in December 31, 2023 to 45,850,000 in March 31, 2024 as a result 25 redemption orders (50,000
−Removed: shares orders).
−Removed: There were no creation orders during the period.
−Removed: 7.36% increase in the Trust’s net asset value per share, from $ 20.39 on December 31, 2023 to $ 21.89 on March 31, 2024 is related
−Removed: to the increase in the price of gold.
−Removed: Trust’s net asset value per share increased slightly less than the price of gold on a percentage basis due to the Sponsor’s
−Removed: fees, which were $412,810 for the quarter, or 0.043% of the Trust’s average weighted net assets of $ 949,605,896 during the quarter.
−Removed: The net asset value per share of $ 21.89 on March 28, 2024 was the highest during the quarter, compared with a low during the quarter
−Removed: of $19.62 on February 14, 2024.
−Removed: increase in net assets resulting from operations for the quarter ended March 31, 2024 was $67,930,370, resulting from an unrealized gain
−Removed: on investment in gold bullion of $63,244,208 increased by a gain of $5,098,972 on metal sold to cover the redemption orders and the Sponsor’s
−Removed: fees but reduced by the Sponsor’s fees of $412,810.
−Removed: Other than the Sponsor’s fees the Trust had no expenses during the quarter.
−Removed: Months Ended March 31, 2024
−Removed: Trust’s net asset value increased from $935,811,456 on June 30, 2023 to $1,003,452,876 on March 31, 2024 a 7.23% increase.
−Removed: increase in the Trust’s net asset value was mainly caused by a 15.80% increase in gold price from $1,912.25 on June 30, 2023 to $2,214.35
−Removed: on March 31, 2024.
−Removed: The positive impact of the gold price was negatively impacted the reduction in number of shares outstanding from 49,450,000
−Removed: on June 30, 2023 to 45,850,000 on March 31, 2024, or (7.28%).
−Removed: The 3,600,000 shares decrease was the net result of 16 creations orders
−Removed: and 88 redemption orders (50,000 shares per creation and redemption order).
−Removed: 15.70% increase in the Trust’s net asset value per share, from $18.92 on June 30, 2023 to $21.89 on March 31, 2024 is directly
+Added: Quarter Ended September 30, 2024
+Added: Trust’s net asset value increased from $790,994,009 on June 30, 2024 to $879,107,605 on September 30, 2024, a 11.14% increase.
+Added: The Trust’s number of shares outstanding decreased from 34,350,000 to 33,850,000 over this period.
+Added: The net 500,000 shares decrease
+Added: was a result of 6 creation orders and 16 redemption orders (50,000 shares per creation and redemption).
+Added: The Trust’s net asset value
+Added: was positively impacted by the change in the price of gold, which increased 12.83% from $2,330.90 on June 30, 2024 to $2,629.95 on September
+Added: 12.77% increase in the Trust’s net asset value per share, from $23.03 on June 30, 2024, to $25.97 on September 30, 2024 is directly
related to the 12.83% increase in the price of gold.
Trust’s net asset value per share increased slightly less than the price of gold on a percentage basis due to the Sponsor’s
−Removed: fees, which were $1,228,120 for the period, or 0.131% of the Trust’s average weighted net assets of $934,396,949 during the nine-month
−Removed: The net asset value per share of $ 21.89 on March 28, 2024 was the highest during the period, compared with a low during the
−Removed: period of $17.99 on October 04, 2023.
−Removed: net increase in net assets resulting from operations for the 9 months period ending March 31, 2024 was $137,109,409, resulting from an
−Removed: unrealized gain on investment in gold bullion of $123,001,394, increased by a gain of $15,336,135 on metal sold to cover the redemption
−Removed: orders and the Sponsor’s fees but reduced by the Sponsor’s fees of $1,228,120.
−Removed: Other than the Sponsor’s fees the Trust
−Removed: had no expenses during the quarter.
+Added: fees, which were $366,604 for the quarter, or 0.1749% of the Trust’s average weighted net assets of $830,592,005 during the quarter.
+Added: The net asset value per share of $26.31 on September 26, 2024, was the highest during the quarter, compared with a low during the quarter
+Added: of $23.01 on July 01, 2024.
+Added: increase in net assets resulting from operations for the quarter ended September 30, 2024, was $100,010,521, resulting from an unrealized
+Added: gain on investment in gold bullion of $93,978,695, increased by a gain of $6,398,430 on metal sold to cover redemption orders and Sponsor’s
+Added: fees but increased by the Sponsor’s fees of $366,604.
+Added: Other than the Sponsor’s fees the Trust had no expenses during the
Quantitative and Qualitative Disclosures About Market Risk
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.