−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
+Added: Market for Registrant
+Added: s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
4 unchanged sentences
Because most of the Trust’s Shares are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.
−Removed: Recent Sale of Unregistered Securities
+Added: Issuer Purchase of Shares
Although the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets, the Trust redeemed 161,600,000 Shares (1,616 Baskets) during the year ended September 30, 2021, including 25,500,000 Shares (255 Baskets) for the three months ended September 30, 2021 as set forth in the table below.
6 unchanged sentences
9/1/21 to 9/30/21
−Removed: Selected Financial Data
−Removed: The following selected financial data should be read in conjunction with the Trust’s financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
−Removed: Financial Highlights
−Removed: (Amounts, except per share, are in 000’s of US$)
−Removed: Net income/(loss)
−Removed: Statements of Operations Data:
−Removed: Total expenses
−Removed: Net investment loss
−Removed: (Amounts, except per share, are in 000’s of US$)
−Removed: Net realized and change in unrealized gain/(loss) on investment in gold
−Removed: Net realized gain/(loss) from investment in gold sold to pay expenses
−Removed: Net realized gain/(loss) from gold distributed for the redemption of shares
−Removed: Net change in unrealized appreciation/(depreciation) on investment in gold
−Removed: Net realized and change in unrealized gain/(loss) on investment in gold
−Removed: Net income/(loss)
−Removed: Net income/(loss) per share
−Removed: Weighted average number of shares (in 000’s)
−Removed: Statement of Financial Condition Data:
−Removed: (Amounts in 000’s of US$)
−Removed: Investment in gold
−Removed: Other liabilities
−Removed: Total Liabilities
−Removed: Authorized share capital is unlimited and share par value is $0.00.
−Removed: Shares issued and outstanding:
−Removed: 434,400,000 at September 30, 2020;
−Removed: 314,000,000 at September 30, 2019;
−Removed: 252,100,000 at September 30, 2018;
−Removed: 292,500,000 at September 30, 2017;
−Removed: and 319,400,000 at September 30, 2016.
s Discussion and Analysis of Financial Condition and Results of Operations
4 unchanged sentences
The Shares are designed to provide investors with a cost effective and convenient way to invest in gold.
+Added: Gold is held by HSBC Bank plc (the “Custodian”) on behalf of the Trust.
+Added: As of the date of this quarterly report, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Goldman Sachs Execution & Clearing, L.P., HSBC Securities (USA) Inc., J.P.
+Added: Morgan Securities LLC, Merrill Lynch Professional Clearing Corp., Morgan Stanley & Co.
+Added: LLC, RBC Capital Markets LLC, UBS Securities LLC and Virtu Americas LLC are the only Authorized Participants.
+Added: An updated list of Authorized Participants can be obtained from the Trustee or the Sponsor.
Investing in the Shares does not insulate the investor from certain risks, including price volatility.
−Removed: The following chart illustrates the movement in the price of the Shares and NAV of the Shares against the corresponding gold price (per 1/10 of an oz.
+Added: The following chart illustrates the movement in the price of the Shares and NAV of the Shares against the corresponding gold
+Added: price (per 1/10 of an oz.
of gold) since the day the Shares first began trading on the NYSE and subsequent transfer to NYSE Arca:
14 unchanged sentences
A complete bar count is conducted once per year and coincides with the Trust’s financial year end at September 30 th
−Removed: On June 5, 2020, Inspectorate concluded the annual full count of the Trust’s gold bullion held by the Custodian.
−Removed: On October 7, 2020, Inspectorate concluded reconciliation procedures from June 5, 2020 through September 30, 2020.
−Removed: The second count is a random sample count and is conducted at a date which falls within the same financial year and was conducted most recently on February 24, 2020.
+Added: On October 5, 2021, Inspectorate concluded the annual full count of the Trust’s gold bullion held by the Custodian.
+Added: The second count is a random sample count and is conducted at a date which falls within the same financial year and was conducted most recently on April 16, 2021.
The results can be found on www.spdrgoldshares.com
13 unchanged sentences
Net cash provided by operating activities
+Added: The Trust’s net realized and change in unrealized gain on investment in gold for the year ended September 30, 2021 is made up of a gain of $43,413 on the sale of gold to pay expenses, a realized gain of $4,455,284 on gold distributed for the redemption of Shares, and a change in unrealized depreciation of $9,987,571 on investment in gold.
The Trust’s net realized and change in unrealized gain on investment in gold for the year ended September 30, 2020 is made up of a gain of $37,273 on the sale of gold to pay expenses, a realized gain of $2,138,221 on gold distributed for the redemption of Shares, and a change in unrealized appreciation of $11,134,064 on investment in gold.
The Trust’s net realized and change in unrealized gain on investment in gold for the year ended September 30, 2019 is made up of a gain of $6,023 on the sale of gold to pay expenses, a realized gain of $593,851 on gold distributed for the redemption of Shares, and a change in unrealized appreciation of $6,785,462 on investment in gold.
−Removed: The Trust’s net realized and change in unrealized loss on investment in gold for the year ended September 30, 2018 is made up of a gain of $2,987 on the sale of gold to pay expenses, a realized gain of $147,334 on gold distributed for the redemption of Shares, and a change in unrealized depreciation of $2,633,556 on investment in gold.
Selected Supplemental Data
41 unchanged sentences
The average high, low and end-of-period
−Removed: gold prices for the three and twelve-month periods for the three years ended September 30, 2020, 2019 and 2018, and for the period from November 12, 2004 (the date of inception of the Trust) through September 30, 2020, based on the LBMA Gold Price when available from March 20, 2015 and previously the London Fix, were:
+Added: gold prices for the three and twelve-month periods over the prior three years and for the period from November 12, 2004 (the date of inception of the Trust) through September 30, 2021, based on the LBMA Gold Price when available from March 20, 2015 and previously the London Fix, were:
Three months to December 31, 2018
14 unchanged sentences
June 30, 2021
−Removed: June 30, 2020
Three months to September 30, 2021
+Added: July 29, 2021
Twelve months ended September 30, 2019
4 unchanged sentences
This is in accordance with the Trust Indenture and the basis used for calculating the Net Asset Value of the Trust.
−Removed: There was no LBMA Gold Price PM on the last business day of December 2018 and 2019.
+Added: There was no LBMA Gold Price PM on the last business day of December 2020, 2019 or 2018.
The LBMA Gold Price AM on the last business day of December 2020, 2019 and 2018 was $1,891.10, $1,523.00 and $1,281.65, respectively.
−Removed: The Net Asset Value of the Trust on December 31, 2018 and December 31, 2019 was calculated using the LBMA Gold Price AM, in accordance with the Trust Indenture.
+Added: The Net Asset Value of the Trust on December 31, 2020, 2019 and 2018 was calculated using the LBMA Gold Price AM, in accordance with the Trust Indenture.
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.