World Gold Trust Files Q4 2024 10-Q

TL;DR

**World Gold Trust 10-Q filed: Gold holdings updated for Q4 2024.**

AI Summary

World Gold Trust filed its 10-Q for the period ending December 31, 2024. The filing details the trust's investments in gold, with specific figures for its holdings as of December 31, 2024, and September 30, 2024. The trust, formerly known as Global Currency Gold Trust and World Currency Gold Trust, is incorporated in Delaware and has its fiscal year end on September 30.

Why It Matters

This filing provides investors with an update on the assets held by the World Gold Trust, offering transparency into its gold holdings and financial status.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report for a trust, not indicating any immediate financial distress or significant new risks.

Key Numbers

• Unlimited — Authorized Share Capital (Indicates no limit on shares issued by the trust.)
• $0.00 — Par Value of Shares (Indicates a nominal par value for the trust's shares.)

Key Players & Entities

• World Gold Trust (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of reporting period
• 2025-02-05 (date) — Filing date
• Global Currency Gold Trust (company) — Former company name
• World Currency Gold Trust (company) — Former company name
• 0001618181 (company) — Central Index Key

FAQ

Key Financial Figures

• $ — Ended Ended (Amounts in 000's of US$, except per share data) Dec-31, 2024

Filing Documents

• gldm20241231_10q.htm (10-Q) — 647KB
• ex_754765.htm (EX-31.1) — 12KB
• ex_754766.htm (EX-31.2) — 12KB
• ex_754767.htm (EX-32.1) — 6KB
• ex_754768.htm (EX-32.2) — 6KB
• a01.jpg (GRAPHIC) — 51KB
• a02.jpg (GRAPHIC) — 55KB
• 0001437749-25-002864.txt ( ) — 3670KB
• gldm-20241231.xsd (EX-101.SCH) — 29KB
• gldm-20241231_cal.xml (EX-101.CAL) — 18KB
• gldm-20241231_def.xml (EX-101.DEF) — 156KB
• gldm-20241231_lab.xml (EX-101.LAB) — 138KB
• gldm-20241231_pre.xml (EX-101.PRE) — 175KB
• gldm20241231_10q_htm.xml (XML) — 708KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Combined Statements of Financial Condition of World Gold Trust at December 31, 2024 (unaudited) and September 30, 2024 1 Combined Schedules of Investment of World Gold Trust at December 31, 2024 (unaudited) and September 30, 2024 2 Unaudited Combined Statements of Operations of World Gold Trust for the Three Months Ended December 31, 2024 and 2023 3 Unaudited Combined Statements of Cash Flows of World Gold Trust for the Three Months Ended December 31, 2024 and 2023 4 Unaudited Combined Statements of Changes in Net Assets of World Gold Trust for the Three Months Ended December 31, 2024 and 2023 5 6 Schedules of Investment of SPDR Gold MiniShares Trust at December 31, 2024 (unaudited) and September 30, 2024 7 Unaudited Statements of Operations of SPDR Gold MiniShares Trust for the Three Months Ended December 31, 2024 and 2023 8 Unaudited Statements of Cash Flows of SPDR Gold MiniShares Trust for the Three Months Ended December 31, 2024 and 2023 9 Unaudited Statements of Changes in Net Assets of SPDR Gold MiniShares Trust for the Three Months Ended December 31, 2024 and 2023 10 Notes to the Unaudited Financial Statements 11 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 17 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 21 Item 4.

Controls and Procedures

Controls and Procedures 21

- OTHER INFORMATION

PART II - OTHER INFORMATION 22 Item 1.

Legal Proceedings

Legal Proceedings 22 Item 1A.

Risk Factors

Risk Factors 22 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 3. Defaults Upon Senior Securities 23 Item 4. Mine Safety Disclosures 23 Item 5. Other Information 23 Item 6. Exhibits 23

SIGNATURES

SIGNATURES 25 Table of Contents World Gold Trust

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION: Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Combined Statements of Financial Condition At December 31, 2024 (unaudited) and September 30, 2024 (Amounts in 000's of US$) Dec-31, 2024 Sep-30, 2024 (unaudited) ASSETS Investments in Gold, at fair value (cost $ 6,986,462 and $ 6,671,768 at December 31, 2024 and September 30, 2024, respectively) $ 9,185,355 $ 9,161,023 Gold receivable 20,692 - Total Assets $ 9,206,047 $ 9,161,023 LIABILITIES Accounts payable to Sponsor $ 788 $ 733 Gold payable - 52,121 Total Liabilities $ 788 $ 52,854 Net Assets $ 9,205,259 $ 9,108,169 See notes to the unaudited financial statements. 1 Table of Contents World Gold Trust Combined Schedules of Investment (Amounts in 000's except for percentages) % of December 31, 2024 Ounces of gold Cost Fair Value Net Assets (unaudited) Investment in Gold 3,518.1 $ 6,986,462 $ 9,185,355 99.78 % Total Investment $ 6,986,462 $ 9,185,355 99.78 % Liabilities in excess of other assets 19,904 0.22 % Net Assets $ 9,205,259 100.00 % % of September 30, 2024 Ounces of gold Cost Fair Value Net Assets Investment in Gold 3,483.3 $ 6,671,768 $ 9,161,023 100.58 % Total Investment $ 6,671,768 $ 9,161,023 100.58 % Liabilities in excess of other assets ( 52,854 ) ( 0.58 )% Net Assets $ 9,108,169 100.00 % See notes to the unaudited financial statements. 2 Table of Contents World Gold Trust Unaudited Combined Statements of Operations For the Three Months Ended December 31, 2024 and December 31, 2023 Three Months Three Months Ended Ended (Amounts in 000's of US$) Dec-31, 2024 Dec-31, 2023 (unaudited) (unaudited) EXPENSES Sponsor fees $ 2,340 $ 1,507 Total expenses 2,340 1,507 Net investment loss ( 2,340 ) ( 1,507 ) Net realized and change in unrealized gain/(loss) on investment in gold Net realized gain/(loss) from investment in gold sold to pay Sponsor fees 616 135 Net realized gain/(loss) fro

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