SPDR GOLD TRUST
For the period ended Sep 30, 2025. Filed Nov 25, 2025.
View on SEC.govAbout 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 Nov 25, 2025
GLD$379.53+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | ||
|---|---|---|
| PART I | 1 | |
| Item 1. | Business | 1 |
| Investment Objective | 1 | |
| Overview | 1 | |
| The Gold Industry | 3 | |
| Creation and Redemption of Shares | 6 | |
| Trust Expenses | 9 | |
| The Sponsor | 10 | |
| The Trustee | 10 | |
| The Marketing Agent | 11 | |
| The Custodians | 12 | |
| Custody of the Trust’s Gold | 12 | |
| Description of the Custody Agreements | 13 | |
| Description of the Shares | 15 | |
| United States Federal Tax Consequences | 16 | |
| ERISA and Related Considerations | 19 | |
| Item 1A. | Risk Factors | 20 |
| Item 1B. | Unresolved Staff Comments | 27 |
| Item 1C. | Cybersecurity | 27 |
| Item 2. | Properties | 27 |
| Item 3. | Legal Proceedings | 27 |
| Item 4. | Mine Safety Disclosures | 27 |
| PART II | 28 | |
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 28 |
| Item 6. | [Reserved] | 28 |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 28 |
| Item 7A. | Quantitative and Qualitative Disclosures about Market Risk | 32 |
| Item 8. | Financial Statement and Supplementary Data | 32 |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 32 |
| Item 9A. | Controls and Procedures | 32 |
| Item 9B. | Other Information | 35 |
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 35 |
| PART III | 36 | |
| Item 10. | Directors, Executive Officers and Corporate Governance | 36 |
| Item 11. | Executive Compensation | 38 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 38 |
| Item 13. | Certain Relationships and Related Transactions and Director Independence | 38 |
| Item 14. | Principal Accounting Fees and Services | 38 |
| PART IV | 39 | |
| Item 15. | Exhibits and Financial Statement Schedules | 39 |
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