49 unchanged sentences
Fee through in-kind transfers of platinum to the Sponsor.
−Removed: At September 30, 2021 the Trust did not have any cash balances.
+Added: At March 31, 2020 the Trust did not have any cash balances.
Sheet Arrangements
10 unchanged sentences
of Operations
−Removed: Quarter Ended September 30, 2022
−Removed: 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,
−Removed: 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
−Removed: over this period.
−Removed: The net 400,000 shares decrease was a result of 8 redemption orders (50,000 shares per creation and redemption).
−Removed: were no creation orders over the period.
−Removed: The Trust’s net asset value was also negatively impacted by the change in the price of
−Removed: platinum, which decreased 4.74% from $907.00 on June 30, 2022 to $864.0 on September 30, 2022.
−Removed: 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
−Removed: related to the 4.74% decrease in the price of platinum.
−Removed: 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 $53,636 for the period, or 0.13% of the Trust’s average weighted assets of $42,558,156 during the period.
−Removed: 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
−Removed: on August 11, 2022.
−Removed: decrease in net assets resulting from operations for the quarter ended September 30, 2022 was $2,229,511, resulting primarily from an
−Removed: 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
−Removed: and Sponsor’s fees and by the Sponsor’s fees of $53,636.
+Added: Quarter Ended December 31, 2022
+Added: Trust’s net asset value grew from $39,246,142 on September 30, 2022 to $48,318,362 on December 31, 2022, a 23.1% increase.
+Added: growth in the Trust’s net asset value over this period was due to an increase in the platinum price which increased by 23.26%
+Added: from $864.00 on September 30, 2022 to $1,065.00 on December 30, 2022.
+Added: There was no net change in the number of shares
+Added: 23.10% increase in the Trust’s net asset value per share, from $8.44 on September 30, 2022 to $10.39 on December 30, 2022 is directly
+Added: related to the 23.26% 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
+Added: Sponsor’s fees, which were $54,808 for the quarter, or 0.13% of the Trust’s average weighted net assets of $43,488,436
+Added: during the quarter.
+Added: The net asset value per share of $10.39 on December 30, 2022 was the highest during the quarter, compared with a
+Added: low during the quarter of $8.44 on October 02, 2022.
+Added: increase in net assets resulting from operations for the quarter ended December 31, 2022 was $9,112,352 resulting from an realized gains
+Added: on investment in platinum bullion of $9,176,282, decreased by (i) a loss of $9,122 on metal sold to cover the redemption orders and the
+Added: Sponsor’s fees and (ii) the Sponsor’s fees of $54,808.
Other than the Sponsor’s fees the Trust had no expenses during
+Added: Months Ended December 31, 2022
+Added: Trust’s net asset value increased by 7.85% from $44,801,455 on June 30, 2022 to $48,318,362 on December 31, 2022.
+Added: in the Trust’s net asset value occurred was the result of a change in the price of platinum, which increased 17.42% from
+Added: $907.00 on June 30, 2022 to $1,065.00 on December 31, 2022.
+Added: The positive impact of platinum price on the Trust’s net asset
+Added: value was reduced by a 7.9% reduction in the number of shares outstanding from 5,050,000 on June 30, 2022 to 4,650,000 on December
+Added: 17.14% increase in the Trust’s net asset value per share, from $8.87 on June 30, 2022 to $10.39 on December 31, 2022 is directly
+Added: related to the 17.42% 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
+Added: fees, which were $108,444 for the period, or 0.25% of the Trust’s average weighted net assets of $43,023,296 during the period.
+Added: The net asset value per share of $10.39 on December 30,2022 was the highest during the period, compared with a low during the period
+Added: of $8.13 on July 14, 2022.
+Added: increase in net assets resulting from operations for the 6 months period ending December 31, 2022 was $6,882,842, resulting from an unrealized
+Added: gain on investment in platinum bullion of $7,749,717, decreased by (i) a loss of $758,431 on metal sold to cover the redemption orders
+Added: and the Sponsor’s fees, and (ii) the Sponsor’s fees of $108,444.
+Added: Other than the Sponsor’s fees the Trust had no expenses
+Added: 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.