62 unchanged sentences
of Operations
−Removed: Quarter Ended December 31, 2021
−Removed: Trust’s net asset value grew from $34,509,877 on September 30, 2021 to $36,787,481 on December 31, 2021, a 6.6% increase.
−Removed: in the Trust’s net asset value over this period was in part due to an increase in the number of shares outstanding from 3,650,000
+Added: Quarter Ended March 31, 2022
+Added: Trust’s net asset value grew from $36,787,481 on December 31, 2021 to $54,391,697 on March 31, 2022, a 47.9% increase.
+Added: in the Trust’s net asset value over this period was mostly due to an increase in the number of shares outstanding from 3,900,000
to 5,650,000, or 44.8%.
−Removed: The 250,000 shares increase was the net result of 5 creation orders and no redemption orders (50,000 shares per
+Added: The 1,750,000 shares increase was the result of 45 creation orders and 10 redemption orders (50,000 shares per
creation and redemption order).
−Removed: The Trust’s net asset value slightly decreased due to the negative change in the price of platinum,
−Removed: which moved from $963.00 on September 30, 2021 to $962.00 on December 31, 2021, or -0.1%.
−Removed: 0.2% decrease in the Trust’s net asset value per share, from $9.45 on September 30, 2021 to $9.43 on December 31, 2021 is directly
−Removed: related to the 0.1% decrease in the price of platinum.
−Removed: Trust’s net asset value per share decreased slightly more than the price of platinum on a percentage basis due to the Sponsor’s
+Added: The Trust’s net asset value also increased due to the positive change in the price of platinum,
+Added: which moved from $962.00 on December 31, 2021 to $983.00 on March 31, 2021, or 2.18%.
+Added: 2.12% increase in the Trust’s net asset value per share, from $9.43 on December 31, 2021 to $9.63 on March 31, 2022 is directly
+Added: related to the 2.18% increase in the price of platinum.
+Added: Trust’s net asset value per share increased slightly less than the price of platinum on a percentage basis due to the Sponsor’s
fees, which were $55,563 for the quarter, or 0.12% of the Trust’s average weighted net assets of $45,070,760 during the quarter.
−Removed: The net asset value per share of $10.73 on November 16, 2021 was the highest during the quarter, compared with a low during the quarter
−Removed: of $8.93 on December 16, 2021.
−Removed: decrease in net assets resulting from operations for the quarter ended December 31, 2021 was $116,290, resulting from an unrealized loss
−Removed: on investment in platinum bullion of $66,219, increased by (i) a loss of $3,664 on metal sold to cover the redemption orders and the
−Removed: Sponsor’s fees and (ii) the Sponsor’s fees of $46,407.
−Removed: Other than the Sponsor’s fees the Trust had no expenses during
−Removed: Months Ended December 31, 2021
−Removed: Trust’s net asset value decreased by 1.8% from $37,477,854 on June 30, 2021 to $36,787,481 on December 31, 2021.
−Removed: The decrease in
−Removed: the Trust’s net asset value occurred despite a 8.3% increase in the number of shares outstanding from 3,600,000 to 3,900,000 over
+Added: The net asset value per share of $11.28 on March 08, 2022 was the highest during the quarter, compared with a low during the quarter
+Added: of $9.13 on January 10, 2022.
+Added: net decrease in net assets resulting from operations for the quarter ended March 31, 2022 was $89,141, resulting from an unrealized loss
+Added: on investment in platinum bullion of $19,545, increased by a loss of $14,033 on metal sold to cover the redemption orders and the Sponsor’s
+Added: fees and increased by the Sponsor’s fees of $55,563.
+Added: Other than the Sponsor’s fees the Trust had no expenses during the quarter.
+Added: Months Ended March 31, 2022
+Added: Trust’s net asset value grew from $37,477,854 on June 30, 2021 to $54,391,697 on March 31, 2022, a 45.2% increase.
+Added: The growth in
+Added: the Trust’s net asset value was due to an increase in the number of shares outstanding from 3,600,000 to 5,650,000 over this period,
The 2,050,000 shares increase was the net result of 51 creations orders and 10 redemption orders (50,000 shares per creation
and redemption order).
−Removed: The decrease in the Trust’s net asset value was the result of a change in the price of platinum, which decreased
−Removed: 9.2% from $1,059.00 on June 30, 2021 to $962.00 on December 31, 2021.
−Removed: 9.4% decrease in the Trust’s net asset value per share, from $10.41 on June 30, 2021 to $9.43 on December 31, 2021 is directly
−Removed: related to the 9.2% decrease in the price of platinum.
+Added: The growth in the Trust’s net asset value was negatively impacted by the change in the price of platinum,
+Added: which decreased 7.18% from $1,059.00 on June 30, 2021 to $983.00 on March 31, 2022.
+Added: 7.49% decrease in the Trust’s net asset value per share, from $10.41 on June 30, 2021, to $9.63 on March 31, 2022 is directly related
+Added: to the 7.18% decrease in the price of platinum.
Trust’s net asset value per share decreased slightly more than the price of platinum on a percentage basis due to the Sponsor’s
fees, which were $147,695 for the period, or 0.375% of the Trust’s average weighted net assets of $39,350,389 during the period.
−Removed: The net asset value per share of $11.15 on July 16, 2021 was the highest during the period, compared with a low during the period of
+Added: The net asset value per share of $11.28 on March 08, 2022 was the highest during the period, compared with a low during the period of
$8.93 on December 15, 2021.
−Removed: decrease in net assets resulting from operations for the 6 months period ending December 31, 2021 was $3,543,805, resulting from an unrealized
−Removed: loss on investment in platinum bullion of $3,447,909, decreased by (i) a loss of $3,764 on metal sold to cover the redemption orders
−Removed: and the Sponsor’s fees, and (ii) the Sponsor’s fees of $92,132 Other than the Sponsor’s fees the Trust had no expenses
−Removed: during the quarter.
+Added: decrease in net assets resulting from operations for the 9 months period ending March 31, 2022 was $3,632,946, resulting from an unrealized
+Added: loss on investment in platinum bullion of $3,467,454, increased by a loss of $17,797 on metal sold to cover the redemption orders and
+Added: the Sponsor’s fees, and increased by the Sponsor’s fees of $147,695 Other than the Sponsor’s fees the Trust had no
+Added: expenses during the quarter.
Quantitative and Qualitative Disclosures About Market Risk
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.