1 unchanged sentence
Annual Report on Form 10-K for the fiscal year ended December 31, 2020.
−Removed: STANDARD PLATINUM ETF TRUST
−Removed: Effects of COVID-19
respiratory illness COVID-19 caused by a novel coronavirus has resulted in a global pandemic and major disruption to economies
and markets around the world, including the United States.
−Removed: Financial markets have experienced extreme volatility and severe losses,
−Removed: and trading in many instruments has been disrupted.
+Added: Financial markets have experienced extreme volatility and trading in
+Added: many instruments has been disrupted.
Liquidity for many instruments has been greatly reduced for periods of time.
−Removed: Some interest rates are very low and in some cases yields are negative.
−Removed: Some sectors of the economy and individual issuers have
−Removed: experienced particularly large losses.
−Removed: These circumstances may continue for an extended period of time, and may continue to affect
−Removed: adversely the value and liquidity of the Trust’s investments.
−Removed: The ultimate economic fallout from the pandemic, and the long-term
−Removed: impact on economies, markets, industries and individual issuers, including Shares of the Trust, are not known.
−Removed: Governments and
−Removed: central banks, including the Federal Reserve in the U.S., have taken extraordinary and unprecedented actions to support local
−Removed: and global economies and the financial markets.
−Removed: The impact of these measures, and whether they will be effective to mitigate the
−Removed: economic and market disruption, will not be known for some time.
+Added: Some interest
+Added: rates are very low and in some cases yields are negative.
+Added: Some sectors of the economy and individual issuers have experienced
+Added: particularly large losses.
+Added: These circumstances may continue for an extended period of time, and may continue to affect adversely
+Added: the value and liquidity of the Trust’s investments.
+Added: The ultimate economic fallout from the pandemic, and the long-term impact
+Added: on economies, markets, industries and individual issuers, including Shares of the Trust, are not known.
+Added: The information technology
+Added: and other operational systems upon which the Trust’s service providers rely could be impaired and the ability of employees
+Added: of the Trust’s service providers to perform essential tasks on behalf of the Trust could be disrupted.
+Added: Governments and central
+Added: banks, including the Federal Reserve in the U.S., have taken extraordinary and unprecedented actions to support local and global
+Added: economies and the financial markets.
+Added: The impact of these measures, and whether they will be effective to mitigate the economic
+Added: and market disruption, will not be known for some time.
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.