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SPDR Gold Shares ETF (GLD-0.31%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports that the Trust's net assets as of December 31, 2024, were $73,215,075, a decrease from $73,704,147 as of September 30, 2024. The decrease is primarily attributed to a net investment loss of $75,692 and a net realized and unrealized loss on gold investment of $528,641.
The Trust reported total assets of $73,240,169 and total liabilities of $25,094 as of December 31, 2024. The net asset value per share was $241.00, down from $243.01 at the end of the previous quarter.
During the quarter, the Trust created 29,600,000 shares and redeemed 29,100,000 shares, resulting in a net increase of 500,000 shares. The creation and redemption of shares were conducted in exchange for gold and cash.
The Trust's investment in gold was valued at $73,240,169 as of December 31, 2024, compared to $73,727,700 at the end of the previous quarter. The Trust held 28,052,231.5 ounces of gold at the end of the quarter.
The Trust's expenses for the quarter included sponsor fees totaling $75,692. These expenses were offset by proceeds from the sale of gold, which amounted to $74,151.
The Trust's financial statements were prepared in accordance with U.S. GAAP and reflect the fair value of its gold investments as determined by the LBMA Gold Price PM.
The filing notes that the Trust does not hold any derivative instruments and its assets consist solely of allocated gold bullion and cash used to pay expenses.
The Trust's sponsor, World Gold Trust Services, LLC, is responsible for paying all ordinary fees and expenses of the Trust, which include trustee fees, custodian fees, and marketing expenses.
The Trust's shares are traded on the NYSE Arca under the symbol GLD, providing investors with exposure to the price of gold bullion.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the SPDR Gold Shares ETF quarterly 10-Q report dated February 5, 2025. To report an error, please email earnings@qz.com.