1 unchanged sentence
of Assets and Liabilities
−Removed: September 30, 2021 (unaudited) and June 30, 2021
−Removed: Amounts in 000’s of US$, except share and per share data
−Removed: September 30, 2021
+Added: December 31, 2021 (unaudited) and June 30, 2021
+Added: Amounts in 000’s of US$, except share and per share
+Added: December 31, 2021
June 30, 2021
6 unchanged sentences
$ 39,924 and $ 37,168 respectively.
−Removed: No par value, unlimited amount authorized.
+Added: par value, unlimited amount authorized.
Notes to the Financial Statements
of Investments
−Removed: September 30, 2021 (unaudited) and June 30, 2021
+Added: December 31, 2021 (unaudited) and June 30, 2021
in 000’s of US$, except for ounces and percentages
−Removed: September 30, 2021 (unaudited)
+Added: December 31, 2021 (unaudited)
Total investment
5 unchanged sentences
of Operations (Unaudited)
−Removed: the three months ended September 30, 2021 and 2020
+Added: the three months ended December 31, 2021 and 2020
Amounts in 000’s of US$, except per share data
−Removed: Three Months Ended September 30, 2021 (unaudited)
−Removed: Three Months Ended September 30, 2020 (unaudited)
+Added: December 31, 2021
+Added: December 31, 2020
+Added: December 31, 2021
+Added: December 31, 2020
Total expenses
Net investment loss
−Removed: Net realized and unrealized gains (losses)
+Added: Net realized and unrealized gain (loss)
Net realized gain (loss) from:
7 unchanged sentences
Weighted average number of shares (in 000’s)
+Added: do not round to $1.
Notes to the Financial Statements
of Changes in Net Assets (Unaudited)
−Removed: the three months ended September 30, 2021 and 2020
+Added: the three and six months ended December 31, 2021 and 2020
Amounts in 000’s of US$
−Removed: Three Months Ended September 30, 2021 (unaudited)
−Removed: Three Months Ended September 30, 2020 (unaudited)
−Removed: Net Assets – beginning of the period
+Added: Three Months Ended December 31, 2021
+Added: Three Months Ended December 31, 2020
+Added: Six Months Ended December 31, 2021
+Added: Six Months Ended December 31, 2020
+Added: Net Assets – beginning of period
Creations of 250,000 , 550,000 , 300,000 and 1,150,000 shares respectively
−Removed: Redemptions of 0 and 0 shares respectively
+Added: Redemption of 0 , 150,000 , 0 and 150,000 shares respectively
Net investment loss
−Removed: Net realized gain (loss) platinum bullion sold to pay expenses
+Added: Net realized gain (loss) from platinum bullion sold to pay expenses
Net realized gain (loss) from platinum bullion distributed for redemptions
4 unchanged sentences
Highlights (Unaudited)
−Removed: the three months ended September 30, 2021 and 2020
+Added: the three and six months ended December 31, 2021 and 2020
Per Share Performance
(for a Share outstanding throughout each period)
−Removed: Months Ended September 30, 2020
+Added: December 31, 2021
+Added: December 31, 2020
+Added: December 31, 2021
+Added: December 31, 2020
Net asset value per Share at beginning of period
Net investment gain (loss) (1)
−Removed: Net realized and unrealized gain (loss) on investment in platinum bullion
+Added: Net realized and unrealized gain (loss) on investment in platinum
Net change in net assets from operations
Net asset value per Share at end of period
−Removed: Total return ratio, at net asset value (2)
+Added: Total return, at net asset value (2)
Net assets ($000’s)
15 unchanged sentences
means of making an investment similar to an investment in platinum.
−Removed: March 11, 2019, the Trust announced a 10-for-1 Share split for all shareholders of record as of March 21, 2019.
−Removed: The ticker symbol for
−Removed: the Trust did not change, and the Trust continues to trade on the NYSE Arca.
−Removed: The split was applied retroactively for all periods presented,
−Removed: increasing the number of Shares outstanding for the Trust, and resulted in a proportionate decrease in the price per Share and per Share
−Removed: information of the Trust.
−Removed: Therefore, the split did not change the aggregate net asset value of a shareholder’s investment at the
−Removed: time of the split.
fiscal year end for the Trust is June 30.
40 unchanged sentences
Trust’s only ordinary recurring fee is expected to be the fee paid to the Sponsor, which will accrue daily at an annualized rate
−Removed: equal to 0.50 % of the adjusted daily
−Removed: net asset value of the Trust, paid monthly in arrears.
+Added: equal to 0.50 % of the adjusted daily net asset value of the Trust, paid monthly in arrears.
Sponsor has agreed to assume administrative and marketing expenses incurred by the Trust, including the Trustee’s monthly fee and
2 unchanged sentences
legal expenses.
−Removed: of period ended September 30, 2021, the fees payable to the Sponsor were $ 14,237 .
−Removed: As of year ended June 30, 2021, the fees payable to
−Removed: the Sponsor were $ 16,393 .
+Added: of December 31, 2021, the fees payable to the Sponsor were $ 15,116 .
+Added: As of June 30, 2021, the fees payable to the Sponsor were $ 16,393 .
respect to expenses not otherwise assumed by the Sponsor, the Trustee will, at the direction of the Sponsor or in its own discretion,
3 unchanged sentences
than platinum.
−Removed: Other than the Sponsor’s Fee, the Trust had no expenses during the three months ended September 30, 2021 and 2020.
+Added: Other than the Sponsor’s Fee, the Trust had no expenses during the three and six months ended December 31, 2021
otherwise directed by the Sponsor, when selling platinum the Trustee will endeavor to sell at the price established by the LBMA PM Platinum
10 unchanged sentences
on a trade date basis using the average cost method.
−Removed: Platinum Receivable and Payable
+Added: Receivable and Payable
receivable or payable represents the quantity of platinum covered by contractually binding orders for the creation or redemption of Shares
37 unchanged sentences
Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined
−Removed: that no reserves for uncertain tax positions are required as of September 30, 2021 and June 30, 2021.
+Added: that no reserves for uncertain tax positions are required as of December 31, 2021 and June 30, 2021.
Sponsor evaluates tax positions taken or expected to be taken in the course of preparing the Trust’s tax returns to determine whether
4 unchanged sentences
years are those years that are open for examination by the relevant income taxing authority.
−Removed: of September 30, 2021, the 2020, 2019 and 2018 tax years remain open for examination.
+Added: As of December 31, 2021, the 2020, 2019
+Added: and 2018 tax years remain open for examination.
Emerging Growth Company qualification
2 unchanged sentences
Investment in platinum
−Removed: in ounces of platinum and their respective values for the period ended September 30, 2021:
+Added: in ounces of platinum and their respective values for the six months ended December 31, 2021.
Schedule of Investment in Platinum
4 unchanged sentences
Change in unrealized appreciation (depreciation)
−Removed: Ending balance as of September 30, 2021
+Added: Ending balance as of December 31, 2021
in ounces of platinum and their respective values for the fiscal year ended June 30, 2021.
39 unchanged sentences
financial position and results of operations.
−Removed: Indemnification footnote
+Added: Indemnification
the Trust’s organizational documents, each of the Trustee (and its directors, officers, employees, shareholders, agents and affiliates)
16 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.