49 unchanged sentences
Fee through in-kind transfers of platinum to the Sponsor.
−Removed: At March 31, 2022 the Trust did not have any cash balances.
+Added: At September 30, 2021 the Trust did not have any cash balances.
Sheet Arrangements
10 unchanged sentences
of Operations
−Removed: Quarter Ended March 31, 2022
−Removed: 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.
−Removed: 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
−Removed: to 5,650,000, or 44.8%.
−Removed: The 1,750,000 shares increase was the result of 45 creation orders and 10 redemption orders (50,000 shares per
−Removed: creation and redemption order).
−Removed: The Trust’s net asset value also increased due to the positive change in the price of platinum,
−Removed: which moved from $962.00 on December 31, 2021 to $983.00 on March 31, 2021, or 2.18%.
−Removed: 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
−Removed: related to the 2.18% increase in the price of platinum.
+Added: Quarter Ended September 30, 2022
+Added: the quarter the Trust’s net asset value decreased by 12.40% from $44,801,455 on June 30, 2022, to $39,246,142 on September 30,
+Added: The decrease in the Trust’s net asset value was due to a decrease in the number of shares outstanding from 5,050,000 to 4,650,000
+Added: over this period.
+Added: The net 400,000 shares decrease was a result of 8 redemption orders (50,000 shares per creation and redemption).
+Added: were no creation orders over the period.
+Added: The Trust’s net asset value was also negatively impacted by the change in the price of
+Added: platinum, which decreased 4.74% from $907.00 on June 30, 2022 to $864.0 on September 30, 2022.
+Added: 4.85% decrease in the Trust’s net asset value per share from $8.87 at June 30, 2022 to $8.44 at September 30, 2022 is directly
+Added: related to the 4.74% decrease in the price of platinum.
Trust’s net asset value per share increased slightly less than the price of platinum on a percentage basis due to the Sponsor’s
−Removed: 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 $11.28 on March 08, 2022 was the highest during the quarter, compared with a low during the quarter
−Removed: of $9.13 on January 10, 2022.
−Removed: net decrease in net assets resulting from operations for the quarter ended March 31, 2022 was $89,141, resulting from an unrealized loss
−Removed: 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
−Removed: fees and increased by the Sponsor’s fees of $55,563.
−Removed: Other than the Sponsor’s fees the Trust had no expenses during the quarter.
−Removed: Months Ended March 31, 2022
−Removed: 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.
−Removed: The growth in
−Removed: 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,
−Removed: The 2,050,000 shares increase was the net result of 51 creations orders and 10 redemption orders (50,000 shares per creation
−Removed: and redemption order).
−Removed: The growth in the Trust’s net asset value was negatively impacted by the change in the price of platinum,
−Removed: which decreased 7.18% from $1,059.00 on June 30, 2021 to $983.00 on March 31, 2022.
−Removed: 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
−Removed: to the 7.18% 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
−Removed: 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 $11.28 on March 08, 2022 was the highest during the period, compared with a low during the period of
−Removed: $8.93 on December 15, 2021.
−Removed: decrease in net assets resulting from operations for the 9 months period ending March 31, 2022 was $3,632,946, resulting from an unrealized
−Removed: 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
−Removed: the Sponsor’s fees, and increased by the Sponsor’s fees of $147,695 Other than the Sponsor’s fees the Trust had no
−Removed: expenses during the quarter.
+Added: fees, which were $53,636 for the period, or 0.13% of the Trust’s average weighted assets of $42,558,156 during the period.
+Added: net asset value per share of $8.12 on July 14, 2022 was the highest during the period, compared with a low during the period of $9.45
+Added: on August 11, 2022.
+Added: decrease in net assets resulting from operations for the quarter ended September 30, 2022 was $2,229,511, resulting primarily from an
+Added: unrealized loss on investment in platinum bullion of $1,426,566, increased by a loss of $749,309 on metal sold to cover redemption orders
+Added: and Sponsor’s fees and by the Sponsor’s fees of $53,636.
+Added: Other than the Sponsor’s fees the Trust had no expenses during
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.