What changed in this filing

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Item 1. Financial Statements

2023-02-03 compared with 2022-11-04 · 48 added, 47 removed, 233 unchanged (29% of the section changed)

1 unchanged sentence

of Assets and Liabilities

September 30, 2022 (unaudited) and June 30, 2022

December 31, 2022 (unaudited) and June 30, 2022

Amounts in 000’s of US$, except share and per share data

September 30, 2022

December 31, 2022

June 30, 2022

4 unchanged sentences

Net asset value per Share

Cost of investment in platinum:

$ 47,249 and $ 51,381 ,

respectively.

No par value, unlimited amount authorized.

of investment in platinum:

$ 47,147 and $ 51,381, respectively.

par value, unlimited amount authorized.

Notes to the Financial Statements

of Investments

September 30, 2022 (unaudited) and June 30, 2022

December 31, 2022 (unaudited) and June 30, 2022

in 000’s of US$, except for ounces and percentages

September 30, 2022 (unaudited)

December 31, 2022 (unaudited)

Total investment

Assets in excess of liabilities

Liabilities in excess of other assets

June 30, 2022

3 unchanged sentences

of Operations (unaudited)

the three months ended September 30, 2022 and 2021

the three and six months ended December 31, 2022 and 2021

Amounts in 000’s of US$, except per share data

Three Months Ended September 30, 2022 (unaudited)

Three Months Ended September 30, 2021 (unaudited)

December 31, 2022

December 31, 2021

December 31, 2022

December 31, 2021

Total expenses

Net investment loss

Net realized and unrealized gains (losses)

Net realized and unrealized gain (loss)

Net realized gain (loss) from:

9 unchanged sentences

of Changes in Net Assets (unaudited)

the three months ended September 30, 2022 and 2021

the three and six months ended December 31, 2022 and 2021

Amounts in 000’s of US$

Three Months Ended September 30, 2022 (unaudited)

Three Months Ended September 30, 2021 (unaudited)

Net Assets – beginning of the period

December 31, 2022

December 31, 2021

December 31, 2022

December 31, 2021

Net Assets – beginning of period

Creations of 100,000 , 250,000 , 100,000 and 300,000 shares respectively

1 unchanged sentence

Net investment loss

Net realized gain (loss) platinum bullion sold to pay expenses

Net realized gain (loss) from platinum bullion sold to pay expenses

Net realized gain (loss) from platinum bullion distributed for redemptions

1 unchanged sentence

Net Assets – end of period

Amounts do not round to $1.

Notes to the Financial Statements

Highlights (unaudited)

the three months ended September 30, 2022 and 2021

the three and six months ended December 31, 2022 and 2021

Per Share Performance

(for a Share outstanding throughout each period)

Three Months Ended

September 30, 2022

Three Months Ended

September 30, 2021

December 31, 2022

December 31, 2021

December 31, 2022

December 31, 2021

Net asset value per Share at beginning of period

Net investment gain (loss) (1)

Net realized and unrealized gain (loss) on investment in platinum bullion

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

Total return ratio, at net asset value (2)

return ratio, at net asset value (2)

Net assets ($000’s)

1 unchanged sentence

Net investment loss (3)

Calculated using the average shares outstanding method.

Percentage not annualized.

Percentage annualized.

using the average shares outstanding method.

not annualized.

Notes to the Financial Statements

57 unchanged sentences

legal expenses.

of period ended September 30, 2022, the fees payable to the Sponsor were $ 16,569 .

As of the year ended June 30, 2022, the fees payable to the Sponsor were $ 19,453 .

of December 31, 2022, the fees payable to the Sponsor were $ 19,040 .

As of 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.

Other than the Sponsor’s Fee, the Trust had no expenses during the three months ended September 30, 2022 and 2021.

Other than the Sponsor’s Fee, the Trust had no expenses during the three and six months ended December 31, 2022

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.

Platinum Receivable and Payable

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

that no reserves for uncertain tax positions are required as of September 30, 2022 and June 30, 2022.

that no reserves for uncertain tax positions are required as of December 31, 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.

As of September 30, 2022, the 2022, 2021,

As of December 31, 2022, the 2022, 2021,

2020 and 2019 tax years remain open for examination.

3 unchanged sentences

Investment in platinum

in ounces of platinum and their respective values for the period ended September 30, 2022:

in ounces of platinum and their respective values for the six months ended December 31, 2022.

Schedule of Investment in Platinum

4 unchanged sentences

( 5,005.137 )

Realized Gain (loss) on platinum transferred to pay expenses

Change in unrealized appreciation (depreciation)

Ending balance as of September 30, 2022

Ending balance as of December 31, 2022

in ounces of platinum and their respective values for the fiscal year ended June 30, 2022.

8 unchanged sentences

fee is paid to the Sponsor as compensation for services performed under the Trust Agreement.

In exchange for the Sponsor’s fee,

the Sponsor has agreed to assume the following administrative and marketing expenses incurred by the Trust:

the Trustee’s fee and

out-of-pocket expenses, the custodian’s fee and reimbursement of the custodian expenses, NYSE Arca listing fees, SEC registration

fees, printing and mailing costs, audit fees and expenses, and up to $ 100,000 per annum in legal fees and expenses.

The Sponsor’s

fee is payable at an annualized rate of 0.50 % of the Trust’s Net Asset Value, accrued on a daily basis computed on the prior Business

Day’s Net Asset Value and paid monthly in arrears.

In exchange for the Sponsor’s

fee, the Sponsor has agreed to assume the following administrative and marketing expenses incurred by the Trust:

the Trustee’s

fee and out-of-pocket expenses, the custodian’s fee and reimbursement of the custodian expenses, NYSE Arca listing fees, SEC

registration fees, printing and mailing costs, audit fees and expenses, and up to $ 100,000

per annum in legal fees and expenses.

The Sponsor’s fee is payable at an annualized rate of 0.50 %

of the Trust’s Net Asset Value, accrued on a daily basis computed on the prior Business Day’s Net Asset Value and paid

monthly in arrears.

Sponsor, from time to time, may temporarily waive all or a portion of the Sponsor’s Fee at its discretion for a stated period of

21 unchanged sentences

financial position and results of operations.

Indemnification footnote

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.

What changed 10-Q

Item 1. Financial Statements