☒ | Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
☐ | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
New York | 81-6124035 | |
(State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification No.) |
Title of each class | Trading Symbol(s) Name | Name of each exchange on which registered | ||
SPDR ® Gold Trust | GLD | NYSE Arca |
Large accelerated filer | ☒ | Accelerated filer | ☐ | |||
Non-accelerated filer | ||||||
☐ | Smaller reporting company | ☐ |
Page | ||||||
1 | ||||||
Item 1. | 1 | |||||
1 | ||||||
2 | ||||||
3 | ||||||
4 | ||||||
5 | ||||||
6 | ||||||
Item 2. | 12 | |||||
Item 3. | ||||||
Item 4. | 15 | |||||
PART II - OTHER INFORMATION | 15 | |||||
Item 1. | 15 | |||||
Item 1A. | 15 | |||||
Item 2. | 15 | |||||
Item 3. | 16 | |||||
Item 4. | 16 | |||||
Item 5. | 16 | |||||
Item 6. | 16 | |||||
SIGNATURES |
Item 1. | Financial Statements (Unaudited) |
(Amounts in 000’s of US$ except for share and per share data) | Dec-31, 2020 | Sep-30, 2020 | Jun-30, 2021 | Sep-30, 2020 | ||||||||||||
(unaudited) | (unaudited) | |||||||||||||||
ASSETS | ||||||||||||||||
Investments in Gold, at fair value (cost $56,553,517 and $60,743,750 at December 31, 2020 and September 30, 2020, respectively) | $ | 71,128,374 | $ | 76,978,000 | ||||||||||||
Gold receivable | 53,208 | 0 | ||||||||||||||
Investments in Gold, at fair value (cost $51,842,845 and $60,743,750 at June 30, 2021 and September 30, 2020, respectively) | $ | 59,282,091 | $ | 76,978,000 | ||||||||||||
Total Assets | $ | 71,181,582 | $ | 76,978,000 | $ | 59,282,091 | $ | 76,978,000 | ||||||||
LIABILITIES | ||||||||||||||||
Accounts payable to Sponsor | $ | 23,861 | $ | 25,449 | $ | 20,250 | $ | 25,449 | ||||||||
Total Liabilities | $ | 23,861 | $ | 25,449 | $ | 20,250 | $ | 25,449 | ||||||||
Net Assets | $ | 71,157,721 | $ | 76,952,551 | $ | 59,261,841 | $ | 76,952,551 | ||||||||
Shares issued and outstanding (1) | 401,200,000 | 434,400,000 | 359,100,000 | 434,400,000 | ||||||||||||
Net asset value per Share | $ | 177.36 | $ | 177.15 | $ | 165.03 | $ | 177.15 |
(1) | Authorized share capital is unlimited and the par value of the Shares is $0.00. |
Ounces of gold | Cost | Fair Value | % of Net Assets | Ounces of gold | Cost | Fair Value | % of Net Assets | |||||||||||||||||||||||||
Investment in Gold | 37,612.2 | $ | 56,553,517 | $ | 71,128,374 | 99.96 | % | 33,622.8 | $ | 51,842,845 | $ | 59,282,091 | 100.03 | % | ||||||||||||||||||
Total Investment | $ | 56,553,517 | $ | 71,128,374 | 99.96 | % | $ | 51,842,845 | $ | 59,282,091 | 100.03 | % | ||||||||||||||||||||
Other assets in excess of liabilities | 29,347 | 0.04 | % | |||||||||||||||||||||||||||||
Liabilities in excess of other assets | (20,250 | ) | (0.03 | )% | ||||||||||||||||||||||||||||
Net Assets | $ | 71,157,721 | 100.00 | % | $ | 59,261,841 | 100.00 | % | ||||||||||||||||||||||||
September 30, 2020 | ||||||||||||||||||||||||||||||||
Ounces of gold | Cost | Fair Value | % of Net Assets | Ounces of gold | Cost | Fair Value | % of Net Assets | |||||||||||||||||||||||||
Investment in Gold | 40,796.0 | $ | 60,743,750 | $ | 76,978,000 | 100.03 | % | 40,796.0 | $ | 60,743,750 | $ | 76,978,000 | 100.03 | % | ||||||||||||||||||
Total Investment | $ | 60,743,750 | $ | 76,978,000 | 100.03 | % | $ | 60,743,750 | $ | 76,978,000 | 100.03 | % | ||||||||||||||||||||
Liabilities in excess of other assets | (25,449 | ) | (0.03 | )% | (25,449 | ) | (0.03 | )% | ||||||||||||||||||||||||
Net Assets | $ | 76,952,551 | 100.00 | % | $ | 76,952,551 | 100.00 | % | ||||||||||||||||||||||||
(Amounts in 000’s of US$, except per share data) | Three Months Ended Dec-31, 2020 | Three Months Ended Dec-31, 2019 | Three��Months Ended Jun-30, 2021 | Three Months Ended Jun-30, 2020 | Nine Months Ended Jun-30, 2021 | Nine Months Ended Jun-30, 2020 | ||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||
Sponsor fees | $ | 74,531 | $ | 43,274 | $ | 60,114 | $ | 59,373 | $ | 198,614 | $ | 149,119 | ||||||||||||
Total expenses | 74,531 | 43,274 | 60,114 | 59,373 | 198,614 | 149,119 | ||||||||||||||||||
Net investment loss | (74,531 | ) | (43,274 | ) | (60,114 | ) | (59,373 | ) | (198,614 | ) | (149,119 | ) | ||||||||||||
Net realized and change in unrealized gain/(loss) on investment in gold | ||||||||||||||||||||||||
Net realized gain/(loss) from investment in gold sold to pay expenses | 15,299 | 4,663 | 9,137 | 9,602 | 34,803 | 20,644 | ||||||||||||||||||
Net realized gain/(loss) from gold distributed for the redemption of shares | 1,667,498 | 280,217 | 495,949 | 234,654 | 3,876,646 | 1,175,009 | ||||||||||||||||||
Net change in unrealized appreciation/(depreciation) on investment in gold | (1,659,393 | ) | 775,897 | 1,814,442 | 5,106,297 | (8,795,004 | ) | 7,608,072 | ||||||||||||||||
Net realized and change in unrealized gain/(loss) on investment in gold | 23,404 | 1,060,777 | 2,319,528 | 5,350,553 | (4,883,555 | ) | 8,803,725 | |||||||||||||||||
Net income/(Loss) | $ | (51,127 | ) | $ | 1,017,503 | |||||||||||||||||||
Net income/(loss) | $ | 2,259,414 | $ | 5,291,180 | $ | (5,082,169 | ) | $ | 8,654,606 | |||||||||||||||
Net income/(loss) per share | $ | (0.12 | ) | $ | 3.30 | $ | 6.37 | $ | 14.23 | $ | (13.16 | ) | $ | 26.13 | ||||||||||
Weighted average number of shares (in 000’s) | 419,398 | 308,139 | 354,837 | 371,913 | 386,304 | 331,253 |
(Amounts in 000’s of US$) | Three Months Ended Dec-31, 2020 | Three Months Ended Dec-31, 2019 | Three Months Ended Jun-30, 2021 | Three Months Ended Jun-30, 2020 | Nine Months Ended Jun-30, 2021 | Nine Months Ended Jun-30, 2020 | ||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||
INCREASE/DECREASE IN CASH FROM OPERATIONS: | ||||||||||||||||||||||||
Cash proceeds received from sales of gold | $ | 76,119 | $ | 43,210 | $ | 59,683 | $ | 54,778 | $ | 203,813 | $ | 142,460 | ||||||||||||
Cash expenses paid | (76,119 | ) | (43,210 | ) | (59,683 | ) | (54,778 | ) | (203,813 | ) | (142,460 | ) | ||||||||||||
Increase/(Decrease) in cash resulting from operations | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
Cash and cash equivalents at beginning of period | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
Cash and cash equivalents at end of period | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Value of gold received for creation of shares—net of change in gold receivable | $ | 2,761,119 | $ | 1,382,369 | ||||||||||||||||||||
Value of gold received for creation of shares-net of change in gold receivable | $ | 3,861,032 | $ | 13,215,343 | $ | 10,574,498 | $ | 22,971,965 | ||||||||||||||||
Value of gold distributed for redemption of shares—net of change in gold payable | $ | 8,558,030 | $ | 2,634,268 | ||||||||||||||||||||
Value of gold distributed for redemption of shares-net of change in gold payable | $ | 3,246,310 | $ | 1,396,321 | $ | 23,183,039 | $ | 8,786,634 | ||||||||||||||||
(Amounts in 000’s of US$) | Three Months Ended Dec-31, 2020 | Three Months Ended Dec-31, 2019 | Three Months Ended Jun-30, 2021 | Three Months Ended Jun-30, 2020 | Nine Months Ended Jun-30, 2021 | Nine Months Ended Jun-30, 2020 | ||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||||||||||||||||||||
Net income/(loss) | $ | (51,127 | ) | $ | 1,017,503 | $ | 2,259,414 | $ | 5,291,180 | $ | (5,082,169 | ) | $ | 8,654,606 | ||||||||||
Adjustments to reconcile net income/(loss) to net cash provided by operating activities | ||||||||||||||||||||||||
Adjustments to reconcile net income/(loss) to net cash provided by operating activities: | ||||||||||||||||||||||||
Proceeds from sales of gold to pay expenses | 76,119 | 43,210 | 59,683 | 54,778 | 203,813 | 142,460 | ||||||||||||||||||
Net realized (gain)/loss from investment in gold sold to pay expenses | (15,299 | ) | (4,663 | ) | (9,137 | ) | (9,602 | ) | (34,803 | ) | (20,644 | ) | ||||||||||||
Net realized (gain)/loss from gold distributed for the redemption of shares | (1,667,498 | ) | (280,217 | ) | (495,949 | ) | (234,654 | ) | (3,876,646 | ) | (1,175,009 | ) | ||||||||||||
Net change in unrealized (appreciation)/depreciation on investment in gold | 1,659,393 | (775,897 | ) | (1,814,442 | ) | (5,106,297 | ) | 8,795,004 | (7,608,072 | ) | ||||||||||||||
Increase/(Decrease) in accounts payable to Sponsor | (1,588 | ) | 64 | 431 | 4,595 | (5,199 | ) | 6,659 | ||||||||||||||||
Net cash provided by operating activities | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
(Amounts in 000’s of US$) | Three Months Ended Dec-31, 2020 | Three Months Ended Dec-31, 2019 | Three Months Ended Jun-30, 2021 | Three Months Ended Jun-30, 2020 | Nine Months Ended Jun-30, 2021 | Nine Months Ended Jun-30, 2020 | ||||||||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||
Net Assets - Opening Balance | $ | 76,952,551 | $ | 43,959,000 | $ | 56,387,705 | $ | 50,005,813 | $ | 76,952,551 | $ | 43,959,000 | ||||||||||||
Creations | 2,814,327 | 1,382,369 | 3,861,032 | 13,033,724 | 10,574,498 | 22,971,965 | ||||||||||||||||||
Redemptions | (8,558,030 | ) | (2,634,268 | ) | (3,246,310 | ) | (1,335,781 | ) | (23,183,039 | ) | (8,590,635 | ) | ||||||||||||
Net investment loss | (74,531 | ) | (43,274 | ) | (60,114 | ) | (59,373 | ) | (198,614 | ) | (149,119 | ) | ||||||||||||
Net realized gain/(loss) from investment in gold sold to pay expenses | 15,299 | 4,663 | 9,137 | 9,602 | 34,803 | 20,644 | ||||||||||||||||||
Net realized gain/(loss) from gold distributed for the redemption of shares | 1,667,498 | 280,217 | 495,949 | 234,654 | 3,876,646 | 1,175,009 | ||||||||||||||||||
Net change in unrealized appreciation/(depreciation) on investment in gold | (1,659,393 | ) | 775,897 | 1,814,442 | 5,106,297 | (8,795,004 | ) | 7,608,072 | ||||||||||||||||
Net Assets - Closing Balance | $ | 71,157,721 | $ | 43,724,604 | $ | 59,261,841 | $ | 66,994,936 | $ | 59,261,841 | $ | 66,994,936 | ||||||||||||
1. | Organization |
2. | Significant Accounting Policies |
2.1. | Basis of Accounting |
2.2. | Fair Value Measurement |
(Amounts in 000’s of US$) December 31, 2020 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
(Amounts in 000’s of US$) June 30, 2021 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Investment in Gold | $ | 71,128,374 | $ | 0 | $ | 0 | $ | 59,282,091 | $ | 0 | $ | 0 | ||||||||||||
Total | $ | 71,128,374 | $ | 0 | $ | 0 | $ | 59,282,091 | $ | 0 | $ | 0 | ||||||||||||
(Amounts in 000’s of US$) September 30, 2020 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Investment in Gold | $ | 76,978,000 | $ | 0 | $ | 0 | ||||||||||||||||||
Total | $ | 76,978,000 | $ | 0 | $ | 0 | ||||||||||||||||||
(Amounts in 000’s of US$) September 30, 2020 | Level 1 | Level 2 | Level 3 | |||||||||
Investment in Gold | $ | 76,978,000 | $ | 0 | $ | 0 | ||||||
Total | $ | 76,978,000 | $ | 0 | $ | 0 | ||||||
2.3. | Custody of Gold |
2.4. | Gold Receivable |
Dec-31, | Sep-30, | |||||||||||||||
(Amounts in 000’s of US$) | 2020 | 2020 | Jun-30, 2021 | Sep-30, 2020 | ||||||||||||
Gold receivable | $ | 53,208 | $ | 0 | $ | 0 | $ | 0 |
2.5. | Gold Payable |
(Amounts in 000’s of US$) | Dec-31, 2020 | Sep-30, 2020 | ||||||
Gold payable | $ | 0 | $ | 0 |
2.6. Creations and Redemptions of Shares |
(Amounts are in 000’s) | Three Months Ended Dec-31, 2020 | Three Months Ended Dec-31, 2019 | Nine Months Ended Jun-30, 2021 | Nine Months Ended Jun-30, 2020 | ||||||||||||
Activity in Number of Shares Created and Redeemed: | ||||||||||||||||
Creations | 15,800 | 9,900 | 60,800 | 147,900 | ||||||||||||
Redemptions | (49,000 | ) | (19,000 | ) | (136,100 | ) | (58,700 | ) | ||||||||
Net Change in Number of Shares Created and Redeemed | (33,200 | ) | (9,100 | ) | (75,300 | ) | 89,200 | |||||||||
(Amounts in 000’s of US$) | Three Months Ended Dec-31, 2020 | Three Months Ended Dec-31, 2019 | ||||||||||||||
Activity in Number of Shares Created and Redeemed: | ||||||||||||||||
Creations | $ | 2,814,327 | $ | 1,382,369 | ||||||||||||
Redemptions | (8,558,030 | ) | (2,634,268 | ) | ||||||||||||
Net change in Number of Shares Created and Redeemed | $ | (5,743,703 | ) | $ | (1,251,899 | ) | ||||||||||
(Amounts in 000’s of US$) | Nine Months Ended Jun-30, 2021 | Nine Months Ended Jun-30, 2020 | ||||||
Activity in Value of Shares Created and Redeemed: | ||||||||
Creations | $ | 10,574,498 | $ | 22,971,965 | ||||
Redemptions | (23,183,039 | ) | (8,590,635 | ) | ||||
Net change in Value of Shares Created and Redeemed | $ | (12,608,541 | ) | $ | 14,381,330 | |||
2.7. | Income and Expense (Amounts in 000’s of US$) |
2.8. | Income Taxes |
3. | Related Parties – Sponsor and Trustee |
4. | Concentration of Risk |
5. | Indemnification |
6. | Financial Highlights |
Three Months Ended | Three Months Ended | Three Months Ended Jun-30, 2021 | Three Months Ended Jun-30, 2020 | Nine Months Ended Jun-30, 2021 | Nine Months Ended Jun-30, 2020 | |||||||||||||||||||
Dec-31, 2020 | Dec-31, 2019 | (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||
Net Asset Value | ||||||||||||||||||||||||
Net asset value per Share, beginning of period | $ | 177.15 | $ | 140.00 | $ | 158.44 | $ | 151.35 | $ | 177.15 | $ | 140.00 | ||||||||||||
Net investment income/(loss) | (0.18 | ) | (0.14 | ) | (0.17 | ) | (0.16 | ) | (0.52 | ) | (0.45 | ) | ||||||||||||
Net Realized and Change in Unrealized Gain/(Loss) | 0.39 | 3.55 | 6.76 | 14.97 | (11.60 | ) | 26.61 | |||||||||||||||||
Net Income/(Loss) | 0.21 | 3.41 | 6.59 | 14.81 | (12.12 | ) | 26.16 | |||||||||||||||||
Net asset value per Share, end of period | $ | 177.36 | $ | 143.41 | $ | 165.03 | $ | 166.16 | $ | 165.03 | $ | 166.16 | ||||||||||||
Market value per Share, beginning of period | $ | 177.12 | $ | 138.87 | $ | 159.96 | $ | 148.05 | $ | 177.12 | $ | 138.87 | ||||||||||||
Market value per Share, end of period | $ | 178.36 | $ | 142.90 | $ | 165.63 | $ | 167.37 | $ | 165.63 | $ | 167.37 | ||||||||||||
Ratio to average net assets | ||||||||||||||||||||||||
Net investment loss (1) | (0.40 | )% | (0.40 | )% | (0.40 | )% | (0.40 | )% | (0.40 | )% | (0.40 | )% | ||||||||||||
Gross expenses (1) | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | % | ||||||||||||
Net expenses (1) | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | % | ||||||||||||
Total Return, at net asset value (2) | 0.12 | % | 2.44 | % | 4.16 | % | 9.79 | % | (6.84 | )% | 18.69 | % | ||||||||||||
Total Return, at market value (2) | 0.70 | % | 2.90 | % | 3.54 | % | 13.05 | % | (6.49 | )% | 20.52 | % | ||||||||||||
(1) | Percentages are annualized. |
(2) | Percentages are not annualized. |
Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
Period | Average | High | Date | Low | Date | End of period | Last business day (1) | Average | High | Date | Low | Date | End of period | Last business day (1) | ||||||||||||||||||||||||||||||||||||||||||
Three months to March 31, 2018 | $ | 1,329.29 | $ | 1,354.95 | Jan 25, 2018 | $ | 1,307.75 | Mar 1, 2018 | $ | 1,323.85 | Mar 29, 2018 | |||||||||||||||||||||||||||||||||||||||||||||
Three months to June 30, 2018 | $ | 1,305.99 | $ | 1,351.45 | Apr 18, 2018 | $ | 1,250.45 | June 29, 2018 | $ | 1,250.45 | June 29, 2018 | |||||||||||||||||||||||||||||||||||||||||||||
Three months to September 30, 2018 | $ | 1,213.19 | $ | 1,262.05 | July 9, 2018 | $ | 1,178.40 | Aug 17, 2018 | $ | 1,187.25 | Sep 28, 2018 | $ | 1,213.19 | $ | 1,262.05 | July 9, 2018 | $ | 1,178.40 | Aug 17, 2018 | $ | 1,187.25 | Sep 28, 2018 | ||||||||||||||||||||||||||||||||||
Three months to December 31, 2018 | $ | 1,226.28 | $ | 1,279.00 | Dec 28, 2018 | $ | 1,185.55 | Oct 9, 2018 | $ | 1,281.65 | Dec 31, 2018 | (2) | $ | 1,226.28 | $ | 1,279.00 | Dec 28, 2018 | $ | 1,185.55 | Oct 9, 2018 | $ | 1,281.65 | Dec 31, 2018 | (2) | ||||||||||||||||||||||||||||||||
Three months to March 31, 2019 | $ | 1,303.79 | $ | 1,343.75 | Feb 20, 2019 | $ | 1,279.55 | Jan 21, 2019 | $ | 1,295.40 | Mar 29, 2019 | $ | 1,303.79 | $ | 1,343.75 | Feb 20, 2019 | $ | 1,279.55 | Jan 21, 2019 | $ | 1,295.40 | Mar 29, 2019 | ||||||||||||||||||||||||||||||||||
Three months to June 30, 2019 | $ | 1,309.39 | $ | 1,431.40 | Jun 25, 2019 | $ | 1,269.50 | Apr 23, 2019 | $ | 1,409.00 | Jun 28, 2019 | $ | 1,309.39 | $ | 1,431.40 | Jun 25, 2019 | $ | 1,269.50 | Apr 23, 2019 | $ | 1,409.00 | Jun 28, 2019 | ||||||||||||||||||||||||||||||||||
Three months to September 30, 2019 | $ | 1,472.47 | $ | 1,546.10 | Sep 4, 2019 | $ | 1,388.65 | Jul 5, 2019 | $ | 1,485.30 | Sep 30, 2019 | $ | 1,472.47 | $ | 1,546.10 | Sep 4, 2019 | $ | 1,388.65 | Jul 5, 2019 | $ | 1,485.30 | Sep 30, 2019 | ||||||||||||||||||||||||||||||||||
Three months to December 31, 2019 | $ | 1,480.96 | $ | 1,517.10 | Oct 3, 2019 | $ | 1,452.05 | Nov 12, 2019 | $ | 1,523.00 | Dec 31, 2019 | (2) | $ | 1,480.96 | $ | 1,517.10 | Oct 3, 2019 | $ | 1,452.05 | Nov 12, 2019 | $ | 1,523.00 | Dec 31, 2019 | (2) | ||||||||||||||||||||||||||||||||
Three months to March 31, 2020 | $ | 1,582.80 | $ | 1,683.65 | Mar 6, 2020 | $ | 1,474.25 | Mar 19, 2020 | $ | 1,608.95 | Mar 31, 2020 | $ | 1,582.80 | $ | 1,683.65 | Mar 6, 2020 | $ | 1,474.25 | Mar 19, 2020 | $ | 1,608.95 | Mar 31, 2020 | ||||||||||||||||||||||||||||||||||
Three months to June 30, 2020 | $ | 1,711.13 | $ | 1,771.60 | Jun 29, 2020 | $ | 1,576.55 | Apr 1, 2020 | $ | 1,768.10 | Jun 30, 2020 | $ | 1,711.13 | $ | 1,771.60 | Jun 29, 2020 | $ | 1,576.55 | Apr 1, 2020 | $ | 1,768.10 | Jun 30, 2020 | ||||||||||||||||||||||||||||||||||
Three months to September 30, 2020 | $ | 1,908.56 | $ | 2,067.15 | Aug 6, 2020 | $ | 1,771.05 | July 1, 2020 | $ | 1,886.90 | Sep 30, 2020 | $ | 1,908.56 | $ | 2,067.15 | Aug 6, 2020 | $ | 1,771.05 | July 1, 2020 | $ | 1,886.90 | Sep 30, 2020 | ||||||||||||||||||||||||||||||||||
Three months to December 31, 2020 | $ | 1,874.23 | $ | 1,940.80 | Nov 6, 2020 | $ | 1,762.55 | Nov 30, 2020 | $ | 1,891.10 | Dec 31, 2020 | (2) | $ | 1,874.23 | $ | 1,940.80 | Nov 6, 2020 | $ | 1,762.55 | Nov 30, 2020 | $ | 1,891.10 | Dec 31, 2020 | (2) | ||||||||||||||||||||||||||||||||
Three months to March 31, 2021 | $ | 1,794.01 | $ | 1,943.20 | Jan 4, 2021 | $ | 1,683.95 | Mar 30, 2021 | $ | 1,691.05 | Mar 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Three months to June 30, 2021 | $ | 1,816.48 | $ | 1,902.75 | Jun 2, 2021 | $ | 1,726.05 | Apr 1, 2021 | $ | 1,763.15 | Jun 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Twelve months ended December 31, 2018 | $ | 1,268.49 | $ | 1,354.95 | Jan 25, 2018 | $ | 1,178.40 | Aug 17 2018 | $ | 1,281.65 | Dec 31, 2018 | (2) | ||||||||||||||||||||||||||||||||||||||||||||
Twelve months ended December 31, 2019 | $ | 1,392.60 | $ | 1,546.10 | Sep 4, 2019 | $ | 1,269.50 | Apr 23, 2019 | $ | 1,523.00 | Dec 31, 2019 | (2) | ||||||||||||||||||||||||||||||||||||||||||||
Twelve months ended December 31, 2020 | $ | 1,769.59 | $ | 2,067.15 | Aug 6, 2020 | $ | 1,474.25 | Mar 19, 2020 | $ | 1,891.10 | Dec 31, 2020 | (2) | ||||||||||||||||||||||||||||||||||||||||||||
Twelve months ended June 30, 2019 | $ | 1,262.74 | $ | 1,431.40 | Jun 25, 2019 | $ | 1,178.40 | Aug 17, 2018 | $ | 1,409.00 | Jun 28, 2019 | |||||||||||||||||||||||||||||||||||||||||||||
Twelve months ended June 30, 2020 | $ | 1,560.35 | $ | 1,771.60 | Jun 29, 2020 | $ | 1,388.65 | Jul 5, 2019 | $ | 1,768.10 | Jun 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||
Twelve months ended June 30, 2021 | $ | 1,848.95 | $ | 2,067.15 | Aug 6, 2020 | $ | 1,683.95 | Mar 30, 2021 | $ | 1,763.15 | Jun 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
November 12, 2004 to December 31, 2020 | $ | 1,171.08 | $ | 2,067.15 | Aug 6, 2020 | $ | 411.10 | Feb 8, 2005 | $ | 1,891.10 | Dec 31, 2020 | (2) | ||||||||||||||||||||||||||||||||||||||||||||
November 12, 2004 to June 30, 2021 | $ | 1,189.94 | $ | 2,067.15 | Aug 6, 2020 | $ | 411.10 | Feb 8, 2005 | $ | 1,763.15 | Jun 30, 2021 |
(1) | The end of period gold price is the LBMA Gold Price PM on the last business day of the period. This is in accordance with the Trust Indenture and the basis used for calculating the Net Asset Value of the Trust. |
(2) | There was no LBMA Gold Price PM on the last business day of December 2020, 2019 or 2018. The LBMA Gold Price AM on the last business day of December 2020, 2019 and 2018 was $ 1,891.10, $1,523.00 and $1,281.65, respectively. The Net Asset Value of the Trust on December 31, 2020, 2019 and 2018 was calculated using the LBMA Gold Price AM, in accordance with the Trust Indenture. |
Item 3. | Quantitative and Qualitative Disclosures About Market Risk |
Item 4. | Controls and Procedures |
Item 1. | Legal Proceedings |
Item 1A. | Risk Factors |
Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
a) | None. |
b) | Not applicable. |
c) | As of the date of the formation of the Trust on November 12, 2004, the NAV of the Trust, which represents the value of the gold deposited in the Trust, was $13,081,500, and the NAV per Share was $43.60. Since |
Period | Total Number of Shares Redeemed | Average Ounces of Gold Per Share | ||||||
10/01/20 to 10/31/20 | 10,900,000 | .09386 | ||||||
11/01/20 to 11/30/20 | 26,100,000 | .09383 | ||||||
12/01/20 to 12/31/20 | 12,000,000 | .09381 | ||||||
Total | 49,000,000 | .09383 | ||||||
formation and through June 30, 2021, 17,312 Baskets (1,731,200,000 Shares) have been created and 13,721 Baskets (1,372,100,000 Shares) have been redeemed. |
Period | Total Number of Shares Redeemed | Average Ounces of Gold Per Share | ||||||
4/1/21 to 4/30/21 | 7,800,000 | .09368 | ||||||
5/1/21 to 5/31/21 | 2,900,000 | .09364 | ||||||
6/1/21 to 6/30/21 | 8,500,000 | .09362 | ||||||
Total | 19,200,000 | .09365 | ||||||
Item 3. | Defaults Upon Senior Securities |
Item 4. | Mine Safety Disclosures. |
Item 5. | Other Information |
Item 6. | Exhibits |
* | Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections. |
WORLD GOLD TRUST SERVICES, LLC |
Sponsor of the SPDR ® Gold Trust |
(Registrant) |
/s/ Joseph R. Cavatoni |
Joseph R. Cavatoni |
Principal Executive Officer* |
/s/ Brandon Woods |
Brandon Woods |
Principal Financial and Accounting Officer* |
* | The Registrant is a trust and the persons are signing in their capacities as officers of World Gold Trust Services, LLC, the Sponsor of the Registrant. |