16 unchanged sentences
Gold MiniShares SM
−Removed: Trust (“GLDM”) is operational as of March 31, 2021.
+Added: Trust (“GLDM”) is operational as of June 30, 2021.
GLDM commenced operations on June 26, 2018.
9 unchanged sentences
Share price & NAV v.
−Removed: gold price - June 26, 2018 to March 31, 2021
+Added: gold price - June 26, 2018 to June 30, 2021
Critical Accounting Policy
14 unchanged sentences
On October 2, 2020, Inspectorate concluded reconciliation procedures from September 4, 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: 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 May 14, 2021.
The results can be found on www.spdrgoldshares.com
1 unchanged sentence
Results of Operations
−Removed: In the three months ended March 31, 2021, 24,700,000 Shares (247 Creation Units) were created in exchange for 245,846.2 ounces of gold, 3,700,000 Shares (370 Creation Units) were redeemed in exchange for 36,822.5 ounces of gold and
+Added: In the three months ended June 30, 2021, 12,400,000 Shares (124 Creation Units) were created in exchange for 123,363.4 ounces of gold, 0 Shares (0 Creation Units) were redeemed in exchange for 0 ounces of gold and 1,042
ounces of gold were sold to pay Sponsor fees.
−Removed: For accounting purposes, GLDM
−Removed: reflects creations and redemptions on the date of receipt of a notification of a creation but does not issue Shares until the requisite amount of gold is received.
+Added: For accounting purposes, GLDM reflects creations and redemptions on the date of receipt of a notification of a creation but does not issue Shares until the requisite amount of gold is received.
Upon a redemption, GLDM delivers gold upon receipt of Shares.
These creations were completed in the normal course of business.
−Removed: At March 31, 2021, the amount of gold owned by GLDM and held by the Custodian in its vault was 2,331,794.5 ounces, 100% of which is allocated gold in the form of London Good Delivery gold bars with a market value of $3,943,181,126 based on the LBMA Gold Price PM on March 31, 2021 (cost — $3,896,055,022).
+Added: At June 30, 2021, the amount of gold owned by GLDM and held by the Custodian in its vault was 2,454,115.9 ounces, 100% of which is allocated gold in the form of London Good Delivery gold bars with a market value of $4,326,974,446 based on the LBMA Gold Price PM on June 30, 2021 (cost — $4,119,133,769).
Subcustodians did not hold any gold in their vaults on behalf of GLDM.
2 unchanged sentences
Cash Resources and Liquidity
−Removed: At March 31, 2021, GLDM did not have any cash balances.
+Added: At June 30, 2021, GLDM did not have any cash balances.
When selling gold to pay expenses, GLDM endeavors to sell the exact amount of gold needed to pay expenses in order to minimize GLDM’s holdings of assets other than gold or any gold receivable.
4 unchanged sentences
The following chart shows movements in the price of gold based on the LBMA Gold Price PM in U.S.
−Removed: dollars per ounce over the period from June 26, 2018 (the first date the Shares began trading on the NYSE Arca) to March 31, 2021.
−Removed: Daily Gold Price- June 26, 2018 to March 31, 2021
+Added: dollars per ounce over the period from June 26, 2018 (the first date the Shares began trading on the NYSE Arca) to June 30, 2021.
+Added: Daily Gold Price - June 26, 2018 to June 30, 2021
LBMA Gold Price PM USD
The average, high, low and end-of-period
−Removed: gold prices for the three and twelve-month periods from June 30, 2018 to March 31, 2021 and for the period from June 26, 2018 (the first date the Shares began trading on the NYSE Arca) to March 31, 2021, based on the LBMA Gold Price PM, were:
−Removed: Three months to June 30, 2018
−Removed: June 29, 2018
−Removed: June 29, 2018
+Added: gold prices for the three and twelve-month periods over the prior three years and for the period from June 26, 2018 (the first date the Shares began trading on the NYSE Arca) through June 30, 2021, based on the LBMA Gold Price PM, were:
Three months to September 30, 2018
6 unchanged sentences
Three months to June 30, 2020
−Removed: June 29, 2020
−Removed: June 30, 2020
Three months to September 30, 2020
1 unchanged sentence
Three months to March 31, 2021
−Removed: Twelve months ended March 31, 2019
−Removed: Twelve months ended March 31, 2020
−Removed: Twelve months ended March 31, 2021
−Removed: June 26, 2018 to March 31, 2021
+Added: Three months to June 30, 2021
+Added: Twelve months ended June 30, 2019
+Added: Twelve months ended June 30, 2020
+Added: Twelve months ended June 30, 2021
+Added: June 26, 2018 to June 30, 2021
The end of period gold price is the LBMA Gold Price PM on the last business day of the period.
6 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.