GraniteShares Gold Trust Files 10-Q for Period Ended December 31, 2023

TL;DR

<b>GraniteShares Gold Trust has filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

GraniteShares Gold Trust (BAR) filed a Quarterly Report (10-Q) with the SEC on February 2, 2024. Filed a 10-Q report for the quarterly period ended December 31, 2023. The report covers the period from July 1, 2023, to December 31, 2023. The registrant is GraniteShares Gold Trust, with SEC file number 001-38195. The trust is incorporated in Delaware and has an IRS Employer Identification No. of 82-6393903. The principal executive offices are located at 222 Broadway, 21st Floor, New York, NY 10038.

Why It Matters

For investors and stakeholders tracking GraniteShares Gold Trust, this filing contains several important signals. This filing provides an update on the trust's financial status and operations for the specified quarter. Investors can review the report to assess the performance and holdings of the GraniteShares Gold Trust.

Risk Assessment

Risk Level: low — GraniteShares Gold Trust shows low risk based on this filing. The filing is a routine 10-Q report, indicating standard operational procedures and no immediate red flags.

Analyst Insight

Review the 10-Q filing for detailed financial statements and operational updates of the GraniteShares Gold Trust.

Key Numbers

• 2023-12-31 — Quarterly Period End Date (GraniteShares Gold Trust)
• 2024-02-02 — Filing Date (GraniteShares Gold Trust)
• 001-38195 — SEC File Number (GraniteShares Gold Trust)

Key Players & Entities

• GraniteShares Gold Trust (company) — Registrant
• 001-38195 (regulator) — Commission File Number
• 20231231 (date) — Quarterly Period Ended
• 20240202 (date) — Filed As Of Date
• 222 Broadway, 21st Floor (location) — Business Address
• New York (location) — City
• 10038 (location) — ZIP Code
• 82-6393903 (regulator) — IRS Employer Identification No.

FAQ

Industry Context

GraniteShares Gold Trust is an exchange-traded fund (ETF) that aims to track the price performance of gold.

Regulatory Implications

The filing is made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements within the 10-Q for the period ending December 31, 2023.
2. Review any disclosures regarding the trust's holdings and operational activities.
3. Compare the reported period's performance with previous filings.

Key Dates

• 2023-12-31: Quarterly Period Ended — End of the reporting period for the 10-Q filing.
• 2024-02-02: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending December 31, 2023, following previous filings for the fiscal year.

Key Financial Figures

• $ — nd June 30, 2023 Amounts in 000's of US$, except share and per share data Decem
• $000 — % 9.59 % 7.26 % 0.78 % Net assets ($000's) $ 960,483 $ 886,789 $ 960,483 $

Filing Documents

• form10-q.htm (10-Q) — 272KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-004706.txt (&nbsp;) — 1552KB
• bar-20231231.xsd (EX-101.SCH) — 20KB
• bar-20231231_cal.xml (EX-101.CAL) — 14KB
• bar-20231231_def.xml (EX-101.DEF) — 21KB
• bar-20231231_lab.xml (EX-101.LAB) — 119KB
• bar-20231231_pre.xml (EX-101.PRE) — 81KB
• form10-q_htm.xml (XML) — 175KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 14 Item 4.

Controls and Procedures

Controls and Procedures 14

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 14 Item 1A.

Risk Factors

Risk Factors 14 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3. Defaults Upon Senior Securities 15 Item 4. Mine Safety Disclosures 15 Item 5. Other Information 15 Item 6. Exhibits 15

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements At December 31, 2023 (unaudited) and June 30, 2023 Amounts in 000's of US$, except share and per share data December 31, 2023 June 30, 2023 (unaudited) Assets Investment in gold bullion, at fair value (1) $ 960,623 $ 935,950 Total Assets $ 960,623 $ 935,950 Liabilities Fees payable to Sponsor 140 139 Total Liabilities 140 139 Net Assets $ 960,483 $ 935,811 Shares issued and outstanding (2) 47,100,000 49,450,000 Net asset value per Share $ 20.39 $ 18.92 (1) Cost of investment in gold bullion: $ 752,005 and $ 787,089 , respectively. (2) No par value, unlimited amount authorized. See Notes to the Financial Statements 3 Schedules of Investments At December 31, 2023 (unaudited) and June 30, 2023 Amounts in 000's of US$, except for ounces and percentages December 31, 2023 (unaudited) Ounces of gold Cost Value % of Net Assets Gold bullion 465,779.227 $ 752,005 $ 960,623 100.01 % Total investment $ 752,005 $ 960,623 100.01 % Liabilities in excess of other assets $ ( 140 ) ( 0.01 )% Net Assets $ 960,483 100.00 % June 30, 2023 Ounces of gold Cost Value % of Net Assets Gold bullion 489,449.928 $ 787,089 $ 935,950 100.01 % Total investment $ 787,089 $ 935,950 100.01 % Liabilities in excess of other assets $ ( 139 ) ( 0.01 )% Net Assets $ 935,811 100.00 % See Notes to the Financial Statements 4 For the three and six months ended December 31, 2023 and 2022 Amounts in 000's of US$, except per share data Three Months Ended December 31, 2023 Three Month Ended December 31, 2022 Six Months Ended December 31, 2023 Six Months Ended December 31, 2022 Expenses Sponsor fees $ 406 $ 378 $ 815 $ 774 Total expenses 406 378 815 774 Net investment loss ( 406 ) ( 378 ) ( 815 ) ( 774 ) Net realized and unrealized gain (loss) Net

Management's Discussion and Analysis

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This information should be read in conjunction with the financial statements and notes to financial statements included in Item 1 of Part I of this Form 10-Q. The discussion and analysis that follows may contain statements that relate to future events or future performance. In some cases, such forward-looking statements can be identified by terminology such as "may," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or the negative of these terms or other comparable terminology. Except as required by applicable disclosure laws, neither the Sponsor, nor any other person assumes responsibility for the accuracy or completeness of any forward-looking statements. Neither the Trust nor the Sponsor is under a duty to update any of the forward-looking statements to conform such statements to actual results or to a change in the Sponsor's expectations or predictions. Introduction The Trust is a common law trust, formed under the laws of the state of New York on August 24, 2017. The Trust is not managed like a corporation or an active investment vehicle. It does not have any officers, directors, or employees and is administered by the Trustee pursuant to the Trust Agreement. 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. It does not hold or trade in commodity futures contracts, nor is it a commodity pool, or subject to regulation as a commodity pool operator or a commodity trading adviser in connection with issuing Shares. The Trust holds gold and is expected to issue Baskets in exchange for deposits of gold, and to distribute gold in connection with redemptions of Baskets. Shares issued by the Trust represent units of undivided beneficial interest in and ownership of the Trust. The investment objective of the Trust is for the Shares to

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