Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
The following tables show the Trust’s quarterly financial information for 2023 and 2022.
Three Months Ended (Unaudited)
March 31,
2023
June 30,
2023
September 30,
2023
December 31,
2023
Expenses
Sponsor’s fee
$
234,912
$
222,268
$
205,541
$
220,054
Sponsor’s fees waived
(52,208
)
(49,405
)
(45,677
)
(48,905
)
Total Expenses
182,704
172,863
159,864
171,149
Net investment loss
(182,704
)
(172,863
)
(159,864
)
(171,149
)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from:
Gold bullion sold to pay expenses
$
6,996
$
14,814
$
9,490
$
9,538
Gold bullion distributed for the redemption of Shares
14,576,410
9,029,427
4,703,690
751,398
Net realized gain
14,583,406
9,044,241
4,713,180
760,936
Net change in unrealized appreciation/depreciation on investment in gold bullion
77,200,802
(42,090,064
)
(23,862,569
)
97,928,414
Net realized and unrealized gain (loss)
91,784,208
(33,045,823
)
(19,149,389
)
98,689,350
Net increase (decrease) in net assets resulting from operations
$
91,601,504
$
(33,218,686
)
$
(19,309,253
)
$
98,518,201
Net increase (decrease) in net assets per Share
$
1.64
$
(0.66
)
$
(0.41
)
$
2.00
Three Months Ended (Unaudited)
March 31,
2022
June 30,
2022
September 30,
2022
December 31,
2022
Expenses
Sponsor’s fee
$
437,075
$
435,938
$
390,507
$
275,750
Sponsor’s fees waived
(233,058
)
(232,480
)
(208,273
)
(92,034
)
Total Expenses
204,017
203,458
182,234
183,716
Net investment loss
(204,017
)
(203,458
)
(182,234
)
(183,716
)
Net Realized and Unrealized Gain (Loss)
Net realized gain from:
Gold bullion sold to pay expenses
$
4,816
$
8,567
$
(5,509
)
$
(10,355
)
Gold bullion distributed for the redemption of Shares
3,613,498
7,090,732
(724,706
)
(162,085
)
Net realized gain (loss)
3,618,314
7,099,299
(730,215
)
(172,440
)
Net change in unrealized appreciation/depreciation on investment in gold bullion
77,556,610
(86,409,036
)
(83,956,087
)
86,189,072
Net realized and unrealized gain (loss)
81,174,924
(79,309,737
)
(84,686,302
)
86,016,632
Net increase (decrease) in net assets resulting from operations
$
80,970,907
$
(79,513,195
)
$
(84,868,536
)
$
85,832,916
Net increase (decrease) in net assets per Share
$
1.27
$
(1.29
)
$
(1.42
)
$
1.42
See Index to Financial Statements on page F-1 for a list of the financial statements being filed herein.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
There have been no changes in accountants and no disagreements with accountants during the year ended December 31, 2023.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.