| INVESTMENT IN GOLD |
3. INVESTMENT IN GOLD
The following represents the changes in ounces of gold held and the respective fair value during the quarter July 1, 2025 to September 30, 2025:
| | | | | | | | | |
| |
| | Amount in ounces | |
| | Amount in US$ | |
|
Balance at July 1, 2025
|
| | 69,327.563 | |
| $ | 227,910,897 | |
|
Gold received for the creation of Shares
|
| | 29,318.609 | |
| | 107,852,712 | |
|
Gold distributed for the redemption of Shares
|
| | - | |
| | - | |
|
Principal on gold sales to pay expenses
|
| | (25.991 | ) |
| | (89,364 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | - | |
| | 21,629 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | - | |
| | 41,555,904 | |
|
Balance at September 30, 2025
|
| $ | 98,620.181 | |
| $ | 377,251,778 | |
The following represents the changes in ounces of gold held and the respective fair value during the quarter July 1, 2024 to September 30, 2024:
| | | | | | | | | |
| |
| | Amount in ounces | |
| | Amount in US$ | |
|
Balance at July 1, 2024
|
| | 29,373.939 | |
| $ | 68,467,714 | |
|
Gold received for the creation of Shares
|
| | 3,336.631 | |
| | 8,531,890 | |
|
Gold distributed for the redemption of Shares
|
| | - | |
| | - | |
|
Principal on gold sales to pay expenses
|
| | (11.085 | ) |
| | (27,134 | ) |
|
Net realized gain (loss) from gold transferred to pay expenses
|
| | - | |
| | 6,556 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | - | |
| | 9,018,985 | |
|
Balance at September 30, 2024
|
| | 32,699.485 | |
| $ | 85,998,011 | |
The following represents the changes in ounces of gold held and the respective fair value during the six months from April 1, 2025 to September 30, 2025:
| | | | | | | | | |
| |
| | Amount in ounces | |
| | Amount in US$ | |
| Balance at April 1, 2025 |
| | 60,016.277 | |
| $ | 186,956,705 | |
|
Gold received for the creation of Shares
|
| | 43,320.190 | |
| | 153,402,627 | |
|
Gold distributed for the redemption of Shares
|
| | (4,666.909 | ) |
| | (14,608.036 | ) |
|
Principal on gold sales to pay expenses
|
| | (49.377 | ) |
| | (165,925 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | - | |
| | 2,907,610 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | - | |
| | 48,758,797 | |
|
Balance at September 30, 2025
|
| | 98,620.181 | |
| $ | 377,251,778 | |
The following represents the changes in ounces of gold held and the respective fair value during the six months April 1, 2024 to September 30, 2024:
| | | | | | | | | |
| |
| | Amount in ounces | |
| | Amount in US$ | |
|
Balance at April 1, 2024
|
| | 28,048.958 | |
| $ | 62,110,210 | |
|
Gold received for the creation of Shares
|
| | 4,672.095 | |
| | 11,678,377 | |
|
Gold distributed for the redemption of Shares
|
| | - | |
| | - | |
|
Principal on gold sales to pay expenses
|
| | (21.568 | ) |
| | (51,629 | ) |
|
Net realized gain (loss) from gold transferred to pay expenses
|
| | - | |
| | 11,770 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | - | |
| | 12,249,283 | |
|
Balance at September 30, 2024
|
| | 32,699.485 | |
| $ | 85,998,011 | |
|
| INVESTMENT IN GOLD |
3. INVESTMENT IN GOLD
The following represents the changes in ounces of gold held and the respective fair value during the quarter July 1, 2025 to September 30, 2025:
| | | | | | | | | |
| |
| |
Amount in ounces
| |
| |
Amount in US$
| |
|
Balance at July 1, 2025
|
| | 69,327.563 | |
| $ | 227,910,897 | |
|
Gold received for the creation of Shares
|
| | 29,318.609 | |
| | 107,852,712 | |
|
Gold distributed for the redemption of Shares
|
| | – | |
| | – | |
|
Principal on gold sales to pay expenses
|
| | (25.991 | ) |
| | (89,364 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 21,629 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 41,555,904 | |
|
Balance at September 30, 2025
|
| | 98,620.181 | |
| $ | 377,251,778 | |
The following represents the changes in ounces of gold held and the respective fair value during the quarter July 1, 2024 to September 30, 2024:
| | | | | | | | | |
| |
| |
Amount in ounces
| |
| |
Amount in US$
| |
|
Balance at July 1, 2024
|
| | 29,373.939 | |
| $ | 68,467,714 | |
|
Gold received for the creation of Shares
|
| | 3,336.631 | |
| | 8,531,890 | |
|
Gold distributed for the redemption of Shares
|
| | – | |
| | – | |
|
Principal on gold sales to pay expenses
|
| | (11.085 | ) |
| | (27,134 | ) |
|
Net realized gain (loss) from gold transferred to pay expenses
|
| | – | |
| | 6,556 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 9,018,985 | |
|
Balance at September 30, 2024
|
| | 32,699.485 | |
| $ | 85,998,011 | |
| |
| | | |
| | | |
The following represents the changes in ounces of gold held and the respective fair value during the six months from April 1, 2025 to September 30, 2025:
| | | | | | | | | |
| |
| |
Amount in ounces
| |
| |
Amount in US$
| |
|
Balance at April 1, 2025
|
| | 60,016.277 | |
| $ | 186,956,705 | |
|
Gold received for the creation of Shares
|
| | 43,320.190 | |
| | 153,402,627 | |
|
Gold distributed for the redemption of Shares
|
| | (4,666.909 | ) |
| | (14,608,036 | ) |
|
Principal on gold sales to pay expenses
|
| | (49.377 | ) |
| | (165,925 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 2,907,610 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 48,758,797 | |
|
Balance at September 30, 2025
|
| | 98,620.181 | |
| $ | 377,251,778 | |
The following represents the changes in ounces of gold held and the respective fair value during the six months April 1, 2024 to September 30, 2024:
| | | | | | | | | |
| |
| |
Amount in ounces
| |
| |
Amount in US$
| |
|
Balance at April 1, 2024
|
| | 28,048.958 | |
| $ | 62,110,210 | |
|
Gold received for the creation of Shares
|
| | 4,672.095 | |
| | 11,678,377 | |
|
Gold distributed for the redemption of Shares
|
| | – | |
| | – | |
|
Principal on gold sales to pay expenses
|
| | (21.568 | ) |
| | (51,629 | ) |
|
Net realized gain (loss) from gold transferred to pay expenses
|
| | – | |
| | 11,770 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 12,249,283 | |
|
Balance at September 30, 2024
|
| | 32,699.485 | |
| $ | 85,998,011 | |
|