abrdn Gold ETF Trust
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
SGOL$38.70-0.8%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-06-30; filed 2024-08-09.
0001999371-24-009834
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-09-30; filed 2024-11-12.
0001999371-24-014544
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 31 previous paragraphs and 30 current paragraphs.
20 unchanged; 8 reworded; 2 added; 3 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
The Quarter Ended September 30, 2024
Current report
The Nine Months Ended September 30, 2024
Removed paragraphs (3)
Previous report
abrdn Gold ETF Trust
Previous report
The Quarter EndedJune 30, 2024
Previous report
The Six Months EndedJune 30, 2024
Reworded paragraphs (8)
Previous wording
The Trust’s NAV increased from $2,940,004,116 at March 31, 2024 to $3,142,436,160 at June 30, 2024, a 6.89% increase for the quarter. The change in the Trust’s NAV resulted from an increase in the price per ounce of gold, which rose 5.26% from $2,214.35 at March 31, 2024 to $2,330.90 at June 30, 2024, and an increase in outstanding Shares, which rose from 138,900,000 at March 31, 2024 to 141,100,000 at June 30, 2024 as a result of 3,100,000 Shares (31 Baskets) being created and 900,000 Shares (9 Baskets) being redeemed during the quarter.
Current wording
The Trust’s NAV increased from $3,142,436,160 at June 30, 2024 to $3,737,499,398 at September 30, 2024, an 18.94% increase for the quarter. The change in the Trust’s NAV resulted from an increase in the price per ounce of gold, which rose 12.83% from $2,330.90 at June 30, 2024 to $2,629.95 at September 30, 2024, and an increase in outstanding Shares, which rose from 141,100,000 at June 30, 2024 to 148,800,000 at September 30, 2024 as a result of 8,400,000 Shares (84 Baskets) being created and 700,000 Shares (7 Baskets) being redeemed during the quarter.
Previous wording
The NAV per Share increased 5.20% from $21.17 at March 31, 2024 to $22.27 at June 30, 2024. The Trust’s NAV per Share increased slightly less than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $1,321,114 for the quarter, or 0.17% of the Trust’s ANAV on an annualized basis.
Current wording
The NAV per Share increased 12.80% from $22.27 at June 30, 2024 to $25.12 at September 30, 2024. The Trust’s NAV per Share increased slightly less than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $1,475,220 for the quarter, or 0.17% of the Trust’s ANAV on an annualized basis.
Previous wording
The NAV per Share of $23.20 at May 21, 2024 was the highest during the quarter, compared with a low of $21.17 at April 1, 2024.
Current wording
The NAV per Share of $25.44 at September 26, 2024 was the highest during the quarter, compared with a low of $22.25 at July 1, 2024.
Previous wording
The increase in net assets from operations for the quarter ended June 30, 2024 was $154,255,500 resulting from a realized gain of$368,864 on the transfer of gold to pay expenses, a realized gain of $5,885,171 on gold distributed for the redemption of Shares, and a change in unrealized gain on investment in gold of $149,426,554, offset by the Sponsor’s Fee of $1,321,114 and a change in unrealized loss on unsettled creations of $103,975. Other than the Sponsor’s Fee, the Trust had no expenses during the quarter ended June 30, 2024.
Current wording
The increase in net assets from operations for the quarter ended September 30, 2024 was $411,179,285 resulting from a realized gain of $431,735 on the transfer of gold to pay expenses, a realized gain of $5,234,144 on gold distributed for the redemption of Shares, and a change in unrealized gain on investment in gold of $406,988,626, offset by the Sponsor’s Fee of $1,475,220. Other than the Sponsor’s Fee, the Trust had no expenses during the quarter ended September 30, 2024.
Previous wording
The Trust’s NAV increased from $2,826,258,485 at December 31, 2023 to $3,142,436,160 at June 30, 2024, a 11.19% increase for the period. The change in the Trust’s NAV resulted from an increase in the price per ounce of gold, which rose 12.15% from $2,078.40 at December 31, 2023 to $2,330.90 at June 30, 2024, and a decrease in outstanding Shares, which fell from 142,200,000 at December 31, 2023 to 141,100,000 at June 30, 2024 as a result of 4,800,000 Shares (48 Baskets) being created and 5,900,000 Shares (59 Baskets) being redeemed during the period.
Current wording
The Trust’s NAV increased from $2,826,258,485 at December 31, 2023 to $3,737,499,398 at September 30, 2024, an 32.24% increase for the period. The change in the Trust’s NAV resulted from an increase in the price per ounce of gold, which rose 26.54% from $2,078.40 at December 31, 2023 to $2,629.95 at September 30, 2024, and an increase in outstanding Shares, which rose from 142,200,000 at December 31, 2023 to 148,800,000 at September 30, 2024 as a result of 13,200,000 Shares (132 Baskets) being created and 6,600,000 Shares (66 Baskets) being redeemed during the period.
Previous wording
The NAV per Share increased 12.02% from $19.88 at December 31, 2023 to $22.27 at June 30, 2024. The Trust’s NAV per Share increased slightly less than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $2,500,409 for the period, or 0.17% of the Trust’s ANAV on an annualized basis.
Current wording
The NAV per Share increased 26.36% from $19.88 at December 31, 2023 to $25.12 at September 30, 2024. The Trust’s NAV per Share increased slightly less than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $3,975,629 for the period, or 0.17% of the Trust’s ANAV on an annualized basis.
Previous wording
The NAV per Share of $23.20 at May 21, 2024 was the highest during the period, compared with a low of $18.98 at February 14, 2024.
Current wording
The NAV per Share of $25.44 at September 26, 2024 was the highest during the period, compared with a low of $18.98 at February 14, 2024.
Previous wording
The increase in net assets from operations for the period ended June 30, 2024 was $330,937,550, resulting from a realized gain of $610,093 on the transfer of gold to pay expenses, a realized gain of $25,714,329 on gold distributed for the redemption of Shares and a change in unrealized gain on investment in gold of $307,113,537, offset by the Sponsor’s Fee of $2,500,409. Other than the Sponsor’s Fee, the Trust had no expenses during the period ended June 30, 2024.
Current wording
The increase in net assets from operations for the period ended September 30, 2024 was $742,116,835, resulting from a realized gain of $1,041,828 on the transfer of gold to pay expenses, a realized gain of $30,948,473 on gold distributed for the redemption of Shares and a change in unrealized gain on investment in gold of $714,102,163, offset by the Sponsor’s Fee of $3,975,629. Other than the Sponsor’s Fee, the Trust had no expenses during the period ended September 30, 2024.