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Goldman Sachs Physical Gold ETF

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

AAAU$40.79+1.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents

Page
Part I1
Item 1. Business1
Item 1A. Risk Factors20
Item 1B. Unresolved Staff Comments29
Item 1C. Cybersecurity29
Item 2. Properties30
Item 3. Legal Proceedings30
Item 4. Mine Safety Disclosures30
Part II31
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities31
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations31
Item 7A. Quantitative and Qualitative Disclosures about Market Risk34
Item 8. Financial Statements and Supplementary Data34
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure35
Item 9A. Controls and Procedures35
Item 9B. Other Information36
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections36
Part III36
Item 10. Directors, Executive Officers and Corporate Governance36
Item 11. Executive Compensation36
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters36
Item 13. Certain Relationships and Related Transactions and Director Independence36
Item 14. Principal Accounting Fees and Services37
Part IV38
Item 15. Exhibits and Financial Statements Schedules38
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.