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 2024 and 2023.
Three Months Ended (Unaudited)
March 31,
2024
June 30,
2024
September 30,
2024
December 31,
2024
Expenses
Sponsor’s fee
$
225,112
$
261,326
$
301,635
$
319,610
Sponsor’s fees waived
(50,054
)
(58,070
)
(67,034
)
(71,019
)
Total Expenses
175,058
203,256
234,601
248,591
Net investment loss
(175,058
)
(203,256
)
(234,601
)
(248,591
)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from:
Gold bullion sold to pay expenses
$
16,037
$
35,311
$
44,801
$
66,227
Gold bullion distributed for the redemption of Shares
24,829,432
9,139,690
4,724,615
41,700,339
Net realized gain
24,845,469
9,175,001
4,769,416
41,766,566
Net change in unrealized appreciation/depreciation on investment in gold bullion
50,143,311
48,899,779
156,618,421
(50,800,380
)
Net realized and unrealized gain (loss)
74,988,780
58,074,780
161,387,837
(9,033,814
)
Net increase (decrease) in net assets resulting from operations
$
74,813,722
$
57,871,524
$
161,153,236
$
(9,282,405
)
Net increase (decrease) in net assets per Share
$
1.54
$
1.15
$
2.98
$
(0.17
)
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
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, 2024.
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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.