Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
(a)
The
Trust was formed on May 6, 2014 (the “Date of Inception”) following an initial deposit of gold. The Trust’s
Shares have been listed on the NYSE Arca under the symbol OUNZ since May 16, 2014.
(b)
Not
applicable.
(c)
Although
the Trust does not purchase Shares directly from its investors in connection with Delivery Applications or the redemption of Baskets,
the Trust redeemed Shares as follows during the year ended January 31, 2021:
Period
Total
Shares
Redeemed
Average Ounces of
Gold Per
Share
First Quarter
10,241
0.009769402
Second Quarter
1,356,149
0.009759875
Third Quarter
275,134
0.009753548
Fourth Quarter
617,660
0.009746268
Item
6. Selected Financial Data
The
following selected financial data for the reporting periods 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.”
January 31,
2021
January 31,
2020
January 31,
2019
Net assets
$ 442,483,105
$ 198,479,743
$ 154,177,917
For the Year Ended
January 31,
2021
For
the Year Ended
January 31,
2020
For
the Year Ended
January 31,
2019
Net investment loss
(1,013,291 )
(660,116 )
(563,414 )
Net realized gain (loss) from gold bullion
7,325,362
96,601
(148,638 )
Net change in unrealized appreciation (depreciation) on investment gold bullion
32,005,146
30,303,992
(2,195,363 )
Net investment loss per Share
(0.05 )
(0.06 )
(0.05 )
Net realized and unrealized gain (loss) from gold bullion per Share
2.73
2.55
(0.21 )
35
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