| 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 from October 1, 2025 to December 31, 2025:
| | | | | | | | | |
| |
| |
Amount in ounces
| |
| |
Amount in US$
| |
|
Balance at October 1, 2025
|
| | 98,620.181 | |
| $ | 377,251,778 | |
|
Gold received for the creation of Shares
|
| | 9,326.172 | |
| | 39,451,008 | |
|
Gold distributed for the redemption of Shares
|
| | – | |
| | – | |
|
Principal on gold sales to pay expenses
|
| | (33.895 | ) |
| | (141,171 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 40,960 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 48,278,898 | |
|
Balance at December 31, 2025
|
| | 107,912.458 | |
| $ | 464,881,473 | |
The following represents the changes in ounces of gold held and the respective fair value during the quarter from October 1, 2024 to December 31, 2024:
| | | | | | | | | |
| |
| |
Amount in ounces
| |
| |
Amount in US$
| |
|
Balance at October 1, 2024
|
| | 32,699.485 | |
| $ | 85,998,011 | |
|
Gold received for the creation of Shares
|
| | 18,678.465 | |
| | 50,058,818 | |
|
Gold distributed for the redemption of Shares
|
| | (10,005.285 | ) |
| | (26,173,315 | ) |
|
Principal on gold sales to pay expenses
|
| | (12.494 | ) |
| | (33,032 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 4,249,440 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | (6,114,720 | ) |
|
Balance at December 31, 2024
|
| | 41,360.171 | |
| $ | 107,985,202 | |
The following represents the changes in ounces of gold held and the respective fair value during the nine months from April 1, 2025 to December 31, 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
|
| | 52,646.362 | |
| | 192,853,635 | |
|
Gold distributed for the redemption of Shares
|
| | (4,666.909 | ) |
| | (14,608,036 | ) |
|
Principal on gold sales to pay expenses
|
| | (83.272 | ) |
| | (307,096 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 2,948,570 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 97,037,695 | |
|
Balance at December 31, 2025
|
| | 107,912.458 | |
| $ | 464,881,473 | |
The following represents the changes in ounces of gold held and the respective fair value during the nine months from April 1, 2024 to December 31, 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
|
| | 23,350.560 | |
| | 61,737,195 | |
|
Gold distributed for the redemption of Shares
|
| | (10,005.285 | ) |
| | (26,173,315 | ) |
|
Principal on gold sales to pay expenses
|
| | (34.062 | ) |
| | (84,660 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 4,261,209 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 6,134,563 | |
|
Balance at December 31, 2024
|
| | 41,360.171 | |
| $ | 107,985,202 | |
|
| 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 from October 1, 2025 to December 31, 2025:
| | | | | | | | | |
| |
| |
Amount in ounces
| |
| |
Amount in US$
| |
|
Balance at October 1, 2025
|
| | 98,620.181 | |
| $ | 377,251,778 | |
|
Gold received for the creation of Shares
|
| | 9,326.172 | |
| | 39,451,008 | |
|
Gold distributed for the redemption of Shares
|
| | – | |
| | – | |
|
Principal on gold sales to pay expenses
|
| | (33.895 | ) |
| | (141,171 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 40,960 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 48,278,898 | |
|
Balance at December 31, 2025
|
| | 107,912.458 | |
| $ | 464,881,473 | |
The following represents the changes in ounces of gold held and the respective fair value during the quarter from October 1, 2024 to December 31, 2024:
| |
| |
Amount in ounces
| |
| |
Amount in US$
| |
|
Balance at October 1, 2024
|
| | 32,699.485 | |
| $ | 85,998,011 | |
|
Gold received for the creation of Shares
|
| | 18,678.465 | |
| | 50,058,818 | |
|
Gold distributed for the redemption of Shares
|
| | (10,005.285 | ) |
| | (26,173,315 | ) |
|
Principal on gold sales to pay expenses
|
| | (12.494 | ) |
| | (33,032 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 4,249,440 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | (6,114,720 | ) |
|
Balance at December 31, 2024
|
| | 41,360.171 | |
| $ | 107,985,202 | |
The following represents the changes in ounces of gold held and the respective fair value during the nine months from April 1, 2025 to December 31, 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
|
| | 52,646.362 | |
| | 192,853,635 | |
|
Gold distributed for the redemption of Shares
|
| | (4,666.909 | ) |
| | (14,608,036 | ) |
|
Principal on gold sales to pay expenses
|
| | (83.272 | ) |
| | (307,096 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 2,948,570 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 97,037,695 | |
|
Balance at December 31, 2025
|
| | 107,912.458 | |
| $ | 464,881,473 | |
The following represents the changes in ounces of gold held and the respective fair value during the nine months from April 1, 2024 to December 31, 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
|
| | 23,350.560 | |
| | 61,737,195 | |
|
Gold distributed for the redemption of Shares
|
| | (10,005.285 | ) |
| | (26,173,315 | ) |
|
Principal on gold sales to pay expenses
|
| | (34.062 | ) |
| | (84,660 | ) |
|
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses
|
| | – | |
| | 4,261,209 | |
|
Net change in unrealized appreciation (depreciation) on investment in gold
|
| | – | |
| | 6,134,563 | |
|
Balance at December 31, 2024
|
| | 41,360.171 | |
| $ | 107,985,202 | |
|