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SPDR Gold MiniShares Trust (GLDM-0.10%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements for the quarter, showing a net asset value of $9,205,259,000, compared to $9,108,169,000 at the end of the previous quarter. The increase is attributed to net creations of shares.
The trust reported a net investment loss of $2,340,000 for the quarter, compared to a loss of $1,507,000 in the same period the previous year. This loss is primarily due to sponsor fees.
During the quarter, 18,800,000 shares were created, and 15,600,000 shares were redeemed. This resulted in a net increase in shares outstanding.
The trust's investment in gold at fair value was $9,185,355,000 as of December 31, 2024, based on the LBMA Gold Price PM.
GLDM's net realized and change in unrealized loss on investment in gold was $68,661,000 for the quarter, compared to a gain of $583,559,000 in the previous year.
The trust does not hold any cash balances, as gold is sold to pay expenses, minimizing holdings of assets other than gold.
The trust's shares are listed on NYSE Arca and the Mexican Stock Exchange, with a net asset value per share of $51.73 as of December 31, 2024.
The filing also notes that the trust's only ordinary recurring operating expense is the sponsor's annual fee of 0.10% of the net asset value, payable monthly in arrears.
There were no material changes in risk factors from those disclosed in the trust's Annual Report on Form 10-K for the year ended September 30, 2024.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the SPDR Gold MiniShares Trust quarterly 10-Q report dated February 5, 2025. To report an error, please email earnings@qz.com.