GraniteShares Gold Trust Files 2024 10-K

TL;DR

GSG 10-K filed: Gold holdings detailed for FY24. Bullion value is key.

AI Summary

GraniteShares Gold Trust filed its 10-K for the fiscal year ending June 30, 2024, reporting on its holdings of gold bullion. The trust's primary assets consist of gold, with its fair value determined through various input levels. The filing provides financial details and operational information for the period.

Why It Matters

This filing provides investors with a comprehensive overview of GraniteShares Gold Trust's financial health and holdings as of June 30, 2024, crucial for understanding the value and risks associated with gold-backed investments.

Risk Assessment

Risk Level: low — The filing is a standard annual report for a gold trust, primarily detailing existing assets and financial structure without significant new risks.

Key Numbers

• 2024-06-30 — Fiscal Year End (Reporting period for the 10-K)
• 2023-06-30 — Prior Fiscal Year End (Comparison point for financial data)

Key Players & Entities

• GraniteShares Gold Trust (company) — Filer of the 10-K
• 2024-06-30 (date) — Fiscal year end
• 0001690437 (company) — Central Index Key for GraniteShares Gold Trust
• 222 Broadway, New York, NY 10038 (location) — Business and mailing address

FAQ

Filing Documents

• form10-k.htm (10-K) — 747KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• form10-k_001.jpg (GRAPHIC) — 23KB
• form10-k_002.jpg (GRAPHIC) — 22KB
• image_001.jpg (GRAPHIC) — 22KB
• 0001493152-24-032633.txt ( ) — 2417KB
• bar-20240630.xsd (EX-101.SCH) — 17KB
• bar-20240630_cal.xml (EX-101.CAL) — 14KB
• bar-20240630_def.xml (EX-101.DEF) — 34KB
• bar-20240630_lab.xml (EX-101.LAB) — 124KB
• bar-20240630_pre.xml (EX-101.PRE) — 90KB
• form10-k_htm.xml (XML) — 197KB

forward-looking statements by terminology such as "may," "will," "should," "expect,"

forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or the negative of these terms or other comparable terminology. All statements (other than statements of historical fact) included in this prospectus that address activities, events or developments that may occur in the future, including such matters as changes in commodity prices and market conditions (for gold and the Shares), the Trust's operations, the Sponsor's plans and references to the Trust's future success and other similar matters are forward-looking statements. These statements are only predictions. Actual events or results may differ materially. These statements are based upon certain assumptions and analyses made by the Sponsor on the basis of its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. Whether or not actual results and developments will conform to the Sponsor's expectations and predictions, however, is subject to a number of risks and uncertainties, including the special considerations discussed in this prospectus, general economic, market and business conditions, changes in laws or regulations, including those concerning taxes, made by governmental authorities or regulatory bodies, and other world economic and political developments. See "Risk Factors." Consequently, all the forward-looking statements made in this prospectus are qualified by these cautionary statements, and there can be no assurance that the actual results or developments the Sponsor anticipates will be realized or, even if substantially realized, that they will result in the expected consequences to, or have the expected effects on, the Trust's operations or the value of the Shares. Moreover, neither the Sponsor, nor any other person assumes responsibility for the accuracy or completeness of the forward-looking st

SIGNATURES

SIGNATURES 39 2 PART I Item 1. Business The purpose of the GraniteShares Gold Trust (the "Trust") is to own gold transferred to the Trust in exchange for shares issued by the Trust ("Shares"). Each Share represents a fractional undivided beneficial interest in and ownership of the Trust. The assets of the Trust are anticipated to consist solely of gold bullion. The Trust was formed on August 24, 2017, when an initial deposit of gold was made in exchange for the issuance of two Baskets (a "Basket" consists of 50,000 Shares). The sponsor of the Trust is GraniteShares LLC (the "Sponsor"). The trustee of the Trust is The Bank of New York Mellon (the "Trustee") and the custodian is ICBC Standard Bank (the "Custodian"). The Trust's Shares at redeemable value decreased from US$ 935,811,456 on June 30, 2023, to US$ 790,994,009 on June 30, 2024, the Trust's fiscal year end. The Outstanding Shares in the Trust decreased from 49,450,000 Shares on June 30, 2023, to 34,350,000 Shares on June 30, 2024. The Trust is not managed like a corporation or an active investment vehicle. The Trust has no directors, officers or employees. It does not engage in any activities designed to obtain a profit from or to improve the losses caused by changes in the price of gold. The gold held by the Trust will only be delivered to pay the remuneration due to the Sponsor (the "Sponsor's Fee"), distributed to Authorized Participants (defined under Item 7) in connection with the redemption of Baskets or sold (1) on an as-needed basis to pay Trust expenses not assumed by the Sponsor, (2) in the event the Trust terminates and liquidates its assets, or (3) as otherwise required by law or regulation. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act. The Trust does not and will not hold or trade in commodities futures contracts regulated by the Commodity Exchange Act (the "CEA"), as administered by

View Full Filing

View this 10-K filing on SEC EDGAR