abrdn Precious Metals Basket ETF Trust Files 10-Q
Ticker: GLTR · Form: 10-Q · Filed: Aug 9, 2024 · CIK: 1483386
| Field | Detail |
|---|---|
| Company | Abrdn Precious Metals Basket Etf Trust (GLTR) |
| Form Type | 10-Q |
| Filed Date | Aug 9, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $ |
| Sentiment | neutral |
Sentiment: neutral
Topics: ETF, precious-metals, 10-Q, filing
TL;DR
abrdn Precious Metals Basket ETF Trust 10-Q filed. Holdings include gold, silver, platinum, palladium. Check for performance updates.
AI Summary
The abrdn Precious Metals Basket ETF Trust filed its 10-Q for the period ending June 30, 2024. The filing details the trust's holdings and financial performance, including significant amounts of gold, silver, platinum, and palladium. The trust, formerly known as ETFS Precious Metals Basket Trust, is managed by abrdn and is incorporated in Delaware.
Why It Matters
This filing provides investors with crucial information on the performance and holdings of a precious metals-backed ETF, impacting investment decisions in commodities.
Risk Assessment
Risk Level: medium — ETFs, especially those tied to volatile commodities like precious metals, carry inherent market risks and are subject to price fluctuations.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 2023-12-31 — Previous Year End Date (Provides a comparison point for year-over-year performance.)
Key Players & Entities
- abrdn Precious Metals Basket ETF Trust (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- abrdn (company) — Manager of the ETF
- ETFS Precious Metals Basket Trust (company) — Former name of the ETF
- 20100204 (date) — Date of name change from ETFS Precious Metals Basket Trust
- 20181001 (date) — Date of name change from Aberdeen Standard Precious Metals Basket ETF Trust
FAQ
What were the total assets under management for the abrdn Precious Metals Basket ETF Trust as of June 30, 2024?
The filing does not explicitly state the total assets under management in the provided text, but it details holdings in gold, silver, platinum, and palladium.
What is the primary investment objective of the abrdn Precious Metals Basket ETF Trust?
The filing does not explicitly state the investment objective in the provided text, but the name suggests an investment in a basket of precious metals.
What are the specific quantities of gold, silver, platinum, and palladium held by the trust as of June 30, 2024?
The filing indicates holdings for us-gaap:GoldMember, gltr:PalladiumMember, gltr:PlatinumMember, and gltr:SilverMember as of 2024-06-30, but specific quantities are not detailed in this excerpt.
Has the abrdn Precious Metals Basket ETF Trust undergone any recent name changes?
Yes, the trust was formerly known as Aberdeen Standard Precious Metals Basket ETF Trust (name change effective 20181001) and prior to that, ETFS Precious Metals Basket Trust (name change effective 20100204).
Where is the abrdn Precious Metals Basket ETF Trust incorporated and what is its fiscal year end?
The trust is incorporated in Delaware (DE) and its fiscal year ends on December 31 (1231).
Filing Stats: 4,869 words · 19 min read · ~16 pages · Grade level 8 · Accepted 2024-08-09 16:32:42
Key Financial Figures
- $ — ember 31, 2023 (Amounts in 000's of US$, except for Share and per Share data)
Filing Documents
- gltr-10q_063024.htm (10-Q) — 444KB
- ex31-1.htm (EX-31.1) — 9KB
- ex31-2.htm (EX-31.2) — 9KB
- ex32-1.htm (EX-32.1) — 5KB
- ex32-2.htm (EX-32.2) — 5KB
- 0001999371-24-009837.txt ( ) — 2681KB
- gltr-20240630.xsd (EX-101.SCH) — 19KB
- gltr-20240630_cal.xml (EX-101.CAL) — 13KB
- gltr-20240630_def.xml (EX-101.DEF) — 56KB
- gltr-20240630_lab.xml (EX-101.LAB) — 168KB
- gltr-20240630_pre.xml (EX-101.PRE) — 133KB
- gltr-10q_063024_htm.xml (XML) — 519KB
FINANCIAL
PART I. FINANCIAL INFORMATION Item 1. Financial 1 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 3. Quantitative and Qualitative Disclosures About Market Risk 16 Item 4.
Controls and Procedures
Controls and Procedures 16 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 17 Item 1A.
Risk Factors
Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 18
SIGNATURES
SIGNATURES 19 abrdn Precious Metals Basket ETF Trust
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements At June 30, 2024 (Unaudited) and December 31, 2023 June 30, 2024 December 31, 2023 (Amounts in 000's of US$, except for Share and per Share data) ASSETS Gold (cost: June 30, 2024: $ 433,078 ; December 31, 2023: $ 471,878 ) $ 618,511 $ 602,149 Palladium (cost: June 30, 2024: $ 94,152 ; December 31, 2023: $ 103,017 ) 51,584 65,824 Platinum (cost: June 30, 2024: $ 36,478 ; December 31, 2023: $ 39,846 ) 35,805 38,629 Silver (cost: June 30, 2024: $ 211,657 ; December 31, 2023: $ 230,811 ) 285,757 252,721 Total investment in Bullion 991,657 959,323 Total assets 991,657 959,323 LIABILITIES Fees payable to Sponsor 490 492 Total liabilities 490 492 NET ASSETS (1) $ 991,167 $ 958,831 (1) Authorized share capital is Unlimited with no par value per Share. Shares issued and outstanding at June 30, 2024 were 9,600,000 and at December 31, 2023 were 10,450,000 . Net asset values per Share at June 30, 2024 and December 31, 2023 were $ 103.25 and $ 91.75 , respectively. See Notes to the Financial Statements 1 abrdn Precious Metals Basket ETF Trust Schedules of Investments At June 30, 2024 (Unaudited) and December 31, 2023 June 30, 2024 Description oz Cost Fair Value % of Net Assets Investment in Bullion (in 000's of US$, except for oz and percentage data) Gold 265,352.8 $ 433,078 $ 618,511 62.41 % Palladium 53,070.4 94,152 51,584 5.20 % Platinum 35,380.2 36,478 35,805 3.61 % Silver 9,729,564.7 211,657 285,757 28.83 % Total investment in Bullion 10,083,368.1 $ 775,365 $ 991,657 100.05 % Less liabilities ( 490 ) ( 0.05 )% Net Assets $ 991,167 100.00 % December 31, 2023 Description oz Cost Fair Value % of Net Assets Investment in Bullion (in 000's of US$, except for oz and percentage data) Gold 289,717.8 $ 471,878 $ 602,149 62.79 % Palladium 57,943.6 103,017 65,824 6.87 % Platinum 38,629.0