abrdn Gold ETF Trust
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
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Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data*(Unaudited)*
Quarterly Income Statements
Year Ended December 31, 2023
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| (Amounts in 000’s of US$, except for Share and per Share data) | March 31 | June 30 | September 30 | December 31 | December 31 |
| EXPENSES | |||||
| Sponsor’s Fee | $1,064 | $1,160 | $1,151 | $1,169 | $4,544 |
| Total expenses | 1,064 | 1,160 | 1,151 | 1,169 | 4,544 |
| Net investment loss | (1,064) | (1,160) | (1,151) | (1,169) | (4,544) |
| REALIZED AND UNREALIZED GAINS / (LOSSES) | |||||
| Realized gain on gold transferred to pay expenses | 147 | 209 | 190 | 177 | 723 |
| Realized gain on gold distributed for the redemption of Shares | 18,623 | 2,983 | 11,594 | 8,070 | 41,270 |
| Change in unrealized gain and loss on investment in gold | 202,412 | (100,629) | (69,008) | 275,519 | 308,294 |
| Change in unrealized gain and loss on unsettled creations or redemptions | — | — | 6 | (6) | — |
| Total gain/(loss) on investment in gold | 221,182 | (97,437) | (57,218) | 283,760 | 350,287 |
| Change in net assets from operations | $220,118 | $(98,597) | $(58,369) | $282,591 | $345,743 |
| Net increase/(decrease) in net assets per Share | $1.59 | $(0.67) | $(0.40) | $1.98 | $2.41 |
| Weighted average number of Shares | 138,665,556 | 147,010,989 | 145,738,043 | 142,850,000 | 143,583,562 |
Year Ended December 31, 2022
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| (Amounts in 000’s of US$, except for Share and per Share data) | March 31 | June 30 | September 30 | December 31 | December 31 |
| EXPENSES | |||||
| Sponsor’s Fee | $1,073 | $1,146 | $1,029 | $985 | $4,233 |
| Total expenses | 1,073 | 1,146 | 1,029 | 985 | 4,233 |
| Net investment loss | (1,073) | (1,146) | (1,029) | (985) | (4,233) |
| REALIZED AND UNREALIZED GAINS / (LOSSES) | |||||
| Realized gain on gold transferred to pay expenses | 159 | 210 | 124 | 63 | 556 |
| Realized gain on gold distributed for the redemption of Shares | 3,764 | 10,754 | 11,881 | 6,859 | 33,258 |
| Change in unrealized gain and loss on investment in gold | 182,325 | (193,623) | (215,404) | 179,754 | (46,948) |
| Total (loss)/gain on investment in gold | 186,248 | (182,659) | (203,399) | 186,676 | (13,134) |
| Change in net assets from operations | $185,175 | $(183,805) | $(204,428) | $185,691 | $(17,367) |
| Net increase in net assets per Share | $1.30 | $(1.22) | $(1.42) | $1.34 | $(0.12) |
| Weighted average number of Shares | 142,513,333 | 150,567,033 | 144,409,783 | 138,241,304 | 143,922,466 |
Note: Quarterly balances may not add to totals due to independent rounding.
The financial statements required by Regulation S-X, together with the report of the Trust’s independent registered public accounting firm appear on pages F-1 to F-13 of this filing.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.