1 unchanged sentence
of Assets and Liabilities
−Removed: March 31, 2022 (unaudited) and June 30, 2021
+Added: September 30, 2022 (unaudited) and June 30, 2022
Amounts in 000’s of US$, except share and per share data
−Removed: March 31, 2022
+Added: September 30, 2022
June 30, 2022
4 unchanged sentences
Net asset value per Share
−Removed: of investment in platinum:
−Removed: $ 57,555 and $ 37,168 , respectively.
−Removed: par value, unlimited amount authorized.
+Added: Cost of investment in platinum:
+Added: $ 47,249 and $ 51,381 ,
+Added: respectively.
+Added: No par value, unlimited amount authorized.
Notes to the Financial Statements
of Investments
−Removed: March 31, 2022 (unaudited) and June 30, 2021
+Added: September 30, 2022 (unaudited) and June 30, 2022
in 000’s of US$, except for ounces and percentages
−Removed: March 31, 2022 (unaudited)
+Added: September 30, 2022 (unaudited)
Total investment
−Removed: Liabilities in excess of other assets
+Added: Assets in excess of liabilities
June 30, 2022
3 unchanged sentences
of Operations (Unaudited)
−Removed: the three and nine months ended March 31, 2022 and 2021
+Added: the three months ended September 30, 2022 and 2021
Amounts in 000’s of US$, except per share data
−Removed: March 31, 2022
−Removed: March 31, 2021
−Removed: March 31, 2022
−Removed: March 31, 2021
+Added: Three Months Ended September 30, 2022 (unaudited)
+Added: Three Months Ended September 30, 2021 (unaudited)
Total expenses
Net investment loss
−Removed: Net realized and unrealized gain (loss)
+Added: Net realized and unrealized gains (losses)
Net realized gain (loss) from:
7 unchanged sentences
Weighted average number of shares (in 000’s)
−Removed: do not round to $1.
Notes to the Financial Statements
of Changes in Net Assets (Unaudited)
−Removed: the three and nine months ended March 31, 2022 and 2021
+Added: the three months ended September 30, 2022 and 2021
Amounts in 000’s of US$
−Removed: March 31, 2022
−Removed: March 31, 2021
−Removed: March 31, 2022
−Removed: March 31, 2021
+Added: Three Months Ended September 30, 2022 (unaudited)
+Added: Three Months Ended September 30, 2021 (unaudited)
Net Assets – beginning of the period
2 unchanged sentences
Net investment loss
−Removed: Net realized gain (loss) from platinum bullion sold to pay expenses
+Added: Net realized gain (loss) platinum bullion sold to pay expenses
Net realized gain (loss) from platinum bullion distributed for redemptions
1 unchanged sentence
Net Assets – end of period
−Removed: do not round to $1.
+Added: Amounts do not round to $1.
Notes to the Financial Statements
Highlights (Unaudited)
−Removed: the three and nine months ended March 31, 2022 and 2021
+Added: the three months ended September 30, 2022 and 2021
Per Share Performance
(for a Share outstanding throughout each period)
−Removed: March 31, 2022
−Removed: March 31, 2021
−Removed: March 31, 2022
−Removed: March 31, 2021
+Added: Three Months Ended
+Added: September 30, 2022
+Added: Three Months Ended
+Added: September 30, 2021
Net asset value per Share at beginning of period
−Removed: Net investment loss (1)
−Removed: Net realized and unrealized gain (loss) on investment in platinum
+Added: Net investment gain (loss) (1)
+Added: Net realized and unrealized gain (loss) on investment in platinum bullion
Net change in net assets from operations
Net asset value per Share, at end of period
−Removed: Total return, at net asset value (2)
+Added: Total return ratio, at net asset value (2)
Net assets ($000’s)
1 unchanged sentence
Net investment loss (3)
−Removed: using the average shares outstanding method.
−Removed: not annualized.
+Added: Calculated using the average shares outstanding method.
+Added: Percentage not annualized.
+Added: Percentage annualized.
Notes to the Financial Statements
57 unchanged sentences
legal expenses.
−Removed: of March 31, 2022, the fees payable to the Sponsor were $ 22,221 .
−Removed: As of June 30, 2021, the fees payable to the Sponsor were $ 16,393 .
+Added: of period ended September 30, 2022, the fees payable to the Sponsor were $ 16,569 .
+Added: As of the year ended June 30, 2022, the fees payable to the Sponsor were $ 19,453 .
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 and nine months ended March 31, 2022 and
+Added: Other than the Sponsor’s Fee, the Trust had no expenses during the three months ended September 30, 2022 and 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: Receivable and Payable
+Added: Platinum 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 March 31, 2022 and June 30, 2021.
+Added: that no reserves for uncertain tax positions are required as of September 30, 2022 and June 30, 2022.
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: As of March 31, 2022, the 2021, 2020 and
−Removed: 2019 tax years remain open for examination .
+Added: As of September 30, 2022, the 2022, 2021,
+Added: 2020 and 2019 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 nine months ended March 31, 2022.
+Added: in ounces of platinum and their respective values for the period ended September 30, 2022:
Schedule of Investment in Platinum
4 unchanged sentences
( 3,973.705 )
+Added: Realized Gain (loss) on platinum transferred to pay expenses
Change in unrealized appreciation (depreciation)
−Removed: Ending balance as of March 31, 2022
+Added: Ending balance as of September 30, 2022
in ounces of platinum and their respective values for the fiscal year ended June 30, 2022:
39 unchanged sentences
financial position and results of operations.
−Removed: Indemnification
+Added: Indemnification footnote
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.