What changed in this filing

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Item 1. Financial Statements

2024-11-08 compared with 2024-05-08 · 45 added, 51 removed, 238 unchanged (29% of the section changed)

1 unchanged sentence

of Assets and Liabilities

March 31, 2024 (unaudited) and June 30, 2023

September 30, 2024 (unaudited) and June 30, 2024

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

September 30, 2024

June 30, 2024

9 unchanged sentences

of Investments

March 31, 2024 (unaudited) and June 30, 2023

September 30, 2024 (unaudited) and June 30, 2024

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

March 31, 2024 (unaudited)

September 30, 2024 (unaudited)

Total investment

5 unchanged sentences

of Operations (unaudited)

the three and nine months ended March 31, 2024 and 2023

the three months ended September 30, 2024 and 2023

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

March 31, 2024

March 31, 2023

March 31, 2024

March 31, 2023

September 30, 2024

September 30, 2023

Total expenses

Net investment loss

Net realized and unrealized gain (loss)

Net realized and unrealized gains (losses)

Net realized gain (loss) from:

9 unchanged sentences

of Changes in Net Assets (unaudited)

the three and nine months ended March 31, 2024 and 2023

the three months ended September 30, 2024 and 2023

Amounts in 000’s of US$

March 31, 2024

March 31, 2023

March 31, 2024

March 31, 2023

September 30, 2024

September 30, 2023

Net Assets – beginning of the period

1 unchanged sentence

Redemptions of 0 and ( 400,000 ) shares respectively

Net investment loss

Net investment income (loss)

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

4 unchanged sentences

Highlights (unaudited)

the three and nine months ended March 31, 2024 and 2023

the three months ended September 30, 2024 and 2023

Per Share Performance

(for a Share outstanding throughout each period)

March 31, 2024

March 31, 2023

March 31, 2024

March 31, 2023

Net asset value per Share at beginning of

Net investment loss (1)

September 30, 2024

September 30, 2023

Net asset value per Share at beginning of period

Net investment income (loss) (1)

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

1 unchanged sentence

Net asset value per Share at end of period

Value per Share at end of period

Market value per Share at end of period

return ratio, at net asset value (2)

38 unchanged sentences

vaulting premises.

99.82 % and 99.78 % of platinum is in the form of good delivery platinum bars as of March 31, 2024 and 2023, respectively.

99.97 % and 99.89 % of platinum is in the form of good delivery platinum bars as of September 30, 2024 and 2023, respectively.

A current list of all platinum held by the Custodian is available on the sponsor’s website.

20 unchanged sentences

(Amounts in 000’s of US$)

March 31, 2024

September 30, 2024

Investment in Platinum

3 unchanged sentences

Investment in Platinum

were no transfers between Level 1 and other Levels for the period ended March 31, 2024 and year ended June 30, 2023.

were no transfers between Level 1 and other Levels for the period ended September 30, 2024 and year ended June 30, 2024.

Expenses, realized gains and losses

5 unchanged sentences

legal expenses.

of period ended of March 31, 2024, the fees payable to the Sponsor were $ 15,458 .

As of the year ended June 30, 2023, the fees payable

to the Sponsor were $ 15,441 .

of period ended September 30, 2024, the fees payable to the Sponsor were $ 16,927 .

As of the year June 30, 2024, the fees payable to the

Sponsor were $ 17,280 .

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 and nine months ended March 31, 2024, and

Other than the Sponsor’s Fee, the Trust had no expenses during the three months ended September 30, 2024 and 2023.

otherwise directed by the Sponsor, when selling platinum the Trustee will endeavor to sell at the price established by the LBMA PM Platinum

50 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 March 31, 2024 and June 30, 2023.

that no reserves for uncertain tax positions are required as of September 30, 2024 and June 30, 2024.

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 March 31, 2024, the 2023, 2022 and

2021 tax years remain open for examination .

As of September 30, 2024, the 2024, 2023,

2022 and 2021 tax years remain open for examination .

Investment in Platinum

in ounces of platinum and their respective values for the period ended March 31, 2024.

in ounces of platinum and their respective values for the period ended September 30, 2024.

Schedule of Investment in Platinum

3 unchanged sentences

Platinum distributed

( 4,525.984 )

Change in unrealized appreciation (depreciation)

Ending balance as of March 31, 2024

in ounces of platinum and their respective values for the fiscal year ended June 30, 2023.

Ending balance as of September 30, 2024

in ounces of platinum and their respective values for the year ended June 30, 2024.

Amounts in 000’s of US$, except for ounces data

20 unchanged sentences

Concentration of risk

The Trust’s sole business

activity is the investment in platinum.

Trust’s sole business activity is the investment in platinum.

Several factors could affect the price of platinum, including:

(i) global platinum supply and

demand, which is influenced by factors such as production and cost levels in major platinum-producing countries, recycling, autocatalyst

demand, industrial demand, jewelry demand and investment demand;

(ii) investors’ expectations with respect to the rate of inflation;

global platinum supply and demand, which is influenced by factors such as production and cost levels in major platinum-producing countries,

recycling, autocatalyst demand, industrial demand, jewelry demand and investment demand;

(ii) investors’ expectations with respect

to the rate of inflation;

(iii) currency exchange rates;

(iv) interest rates;

(v) investment and trading activities of hedge funds and commodity funds;

global or regional political, economic or financial events and situations.

In addition, there is no assurance that platinum will maintain

its long-term value in terms of purchasing power in the future.

In the event that the price of platinum declines, the Sponsor expects

the value of an investment in the Shares to decline proportionately.

Each of these events could have a material effect on the Trust’s

financial position and results of operations.

(v) investment and trading activities of hedge funds and

commodity funds;

and (vi) global or regional political, economic or financial events and situations.

In addition, there is no assurance

that platinum will maintain its long-term value in terms of purchasing power in the future.

In the event that the price of platinum declines,

the Sponsor expects the value of an investment in the Shares to decline proportionately.

Each of these events could have a material effect

on the Trust’s financial position and results of operations.

Indemnification

17 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