49 unchanged sentences
Fee through in-kind transfers of platinum to the Sponsor.
−Removed: At September 30, 2023 the Trust did not have any cash balances.
+Added: At March 31, 2024 the Trust did not have any cash balances.
Sheet Arrangements
10 unchanged sentences
of Operations
−Removed: Quarter Ended December 31, 2023
−Removed: the quarter the Trust’s net asset value increased by 8.86% from $36,334,386 on September 30, 2023, to $39,552,262 on December 31,
−Removed: The change in the Trust’s net asset value was due to the change in the price of platinum, which increased 8.99% from $923.00
−Removed: on September 30, 2023, to $1,006.00 on December 31, 2023.
−Removed: There were no changes in the Trust’s number of shares outstanding over
−Removed: 8.92% increase in the Trust’s net asset value per share from $8.97 at September 30, 2023 to $9.77 at December 31, 2023 is directly
−Removed: related to the 8.99% increase 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
−Removed: Sponsor’s fees, which were $45,290 for the period, or 0.13% of the Trust’s average weighted net assets of $36,040,977
−Removed: during the period.
−Removed: The net asset value per share of $9.77 on December 29, 2023 was the highest during the period, compared with a
−Removed: low during the period of $8.26 on November 13, 2023.
−Removed: increase in net assets resulting from operations for the quarter ended December 31, 2023 was $3,257,615, resulting primarily from an
−Removed: unrealized gain on investment in platinum bullion of $3,352,432, reduced by a loss of $49,527 on metal sold to cover redemption orders
−Removed: and Sponsor’s fees and by the Sponsor’s fees of $45,290.
−Removed: Other than the Sponsor’s fees the Trust had no expenses during
−Removed: Months Ended December 31, 2023
−Removed: Trust’s net asset value increased by 13.27% from $34,919,057 on June 30, 2023, to $39,552,262 on December 31, 2023.
−Removed: increase in the Trust’s net asset value was mainly due to the change in the price of platinum, which increased 12.15% from
−Removed: $897.00 on June 30, 2023 to $1,006.00 on December 31, 2023.
−Removed: The increase in the Trust’s net asset value was also partly due to
−Removed: an increase in the number of shares outstanding from 4,000,000 to 4,050,000 over this period.
−Removed: The net 50,000 shares increase was a
−Removed: result of 10 creation orders and 9 redemption orders (50,000 shares per creation and redemption).
−Removed: 11.91% increase in the Trust’s net asset value per share from $8.73 at June 30, 2023 to $9.77 at December 31, 2023 is directly
−Removed: related to the 12.15% increase 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
−Removed: Sponsor’s fees, which were $92,159 for the period, or 0.25% of the Trust’s average weighted net assets of $36,664,671
−Removed: during the period.
−Removed: The net asset value per share of $9.77 on December 29, 2023 was the highest during the period, compared with a
−Removed: low during the period of $8.25 on November 13, 2023.
−Removed: increase in net assets resulting from operations for the six-month period ended December 31, 2023 was $4,523,617, resulting primarily
−Removed: from an unrealized gain on investment in platinum bullion of $4,839,362, reduced by a loss of $223,586 on metal sold to cover redemption
−Removed: orders and Sponsor’s fees and by the Sponsor’s fees of $92,159.
+Added: Quarter Ended March 31, 2024
+Added: Trust’s net asset value decreased from $39,552,262 on December 31, 2023 to $36,494,022 on March 31, 2024, a 7.73% decrease.
+Added: Trust’s net asset value decreased was due to the negative change in the price of platinum, which moved from $1,006.00 on December
+Added: 31, 2023 to $907.00 on March 31, 2024, or 9.84%.
+Added: The impact of the change in platinum price was slightly reduced by a positive change
+Added: in the number of shares outstanding from 4,050,000 to 4,150,000, or 2.47%.
+Added: The 100,000 shares increase was the result of 2 creation orders
+Added: (50,000 shares per creation order).
+Added: There were no redemption orders during the period.
+Added: 10.03% decrease in the Trust’s net asset value per share, from $9.77 on December 31, 2023 to $8.79 on March 31, 2024 is directly
+Added: related to the 9.84% decrease in the price of platinum.
+Added: 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: fees, which were $45,152 for the quarter, or 0.13% of the Trust’s average weighted net assets of $ 36,334,436 during the quarter.
+Added: The net asset value per share of $9.59 on January 2, 2024 was the highest during the quarter, compared with a low during the quarter
+Added: of $8.45 on March 1, 2024.
+Added: net decrease in net assets resulting from operations for the quarter ended March 31, 2024 was $3,925,152, resulting from an unrealized
+Added: loss on investment in platinum bullion of $3,875,243, increased by a loss of $4,757 on metal sold to cover the redemption orders and
+Added: the Sponsor’s fees and increased by the Sponsor’s fees of $45,152.
Other than the Sponsor’s fees the Trust had no expenses
during the quarter.
+Added: Months Ended March 31, 2024
+Added: Trust’s net asset value remained stable from $34,919,057 on June 30, 2023 to $36,494,022 on March 31, 2024, a 4.51% increase.
+Added: Trust’s number of shares outstanding increased from 4,000,000 to 4,150,000 over this period, or 3.75%.
+Added: The 150,000 shares increase
+Added: was the net result of 12 creations orders and 9 redemption orders (50,000 shares per creation and redemption order).
+Added: The positive impact
+Added: in number of shares outstanding was increased by the price of platinum, which increased 1.11% from $897.00 on June 30, 2023 to $907.00
+Added: on March 31, 2024.
+Added: 0.69% increase in the Trust’s net asset value per share, from $8.73 on June 30, 2023, to $8.79 on March 31, 2024 is directly related
+Added: to the 1.11% 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 $137,311 for the period, or 0.376% of the Trust’s average weighted net assets of $36,555,394 during the period.
+Added: The net asset value per share of $9.77 on December 29, 2023 was the highest during the period, compared with a low during the period
+Added: of $8.26 on November 13, 2023.
+Added: increase in net assets resulting from operations for the 9 months period ending March 31, 2024 was $598,465, resulting from an unrealized
+Added: gain on investment in platinum bullion of $964,119, decreased by a loss of $228,343 on metal sold to cover the redemption orders and
+Added: the Sponsor’s fees, and by the Sponsor’s fees of $137,311.
+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.