Aberdeen Gold ETF Trust Files Q2 2024 10-Q

TL;DR

Gold ETF Trust filed its 10-Q for Q2 2024. All good.

AI Summary

Aberdeen Gold ETF Trust filed its 10-Q for the period ending June 30, 2024. The filing details the trust's financial performance and holdings, including its gold bullion assets. The trust, formerly known as Aberdeen Standard Gold ETF Trust and ETFS Gold Trust, is incorporated in Delaware and has its fiscal year end on December 31.

Why It Matters

This filing provides investors with an update on the performance and holdings of the Aberdeen Gold ETF Trust, which is a significant vehicle for gold investment.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for an ETF, providing standard financial disclosures.

Key Numbers

• 20240630 — Period End Date (The end of the reporting quarter for this 10-Q filing.)
• 20240809 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• abrdn Gold ETF Trust (company) — Filer of the 10-Q
• Aberdeen Standard Gold ETF Trust (company) — Former name of the filer
• ETFS Gold Trust (company) — Previous former name of the filer
• 0001999371-24-009834 (dollar_amount) — Accession Number for the filing
• 20240630 (date) — Period of report

FAQ

Key Financial Figures

• $ — ember 31, 2023 (Amounts in 000's of US$, except for Share and per Share data)

Filing Documents

• sgol-10q_063024.htm (10-Q) — 334KB
• ex31-1.htm (EX-31.1) — 8KB
• ex31-2.htm (EX-31.2) — 8KB
• ex32-1.htm (EX-32.1) — 4KB
• ex32-2.htm (EX-32.2) — 5KB
• 0001999371-24-009834.txt ( ) — 1935KB
• sgol-20240630.xsd (EX-101.SCH) — 19KB
• sgol-20240630_cal.xml (EX-101.CAL) — 13KB
• sgol-20240630_def.xml (EX-101.DEF) — 29KB
• sgol-20240630_lab.xml (EX-101.LAB) — 165KB
• sgol-20240630_pre.xml (EX-101.PRE) — 119KB
• sgol-10q_063024_htm.xml (XML) — 238KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 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 15 Item 1A.

Risk Factors

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

SIGNATURES

SIGNATURES 16 abrdn Gold ETF Trust PART I. FINANCIAL INFORMATION Item 1. Financial Statements of Assets and Liabilities 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 Investment in gold (cost: June 30, 2024: $ 2,216,720 ; December 31, 2023: $ 2,207,626 ) $ 3,142,874 $ 2,826,667 Total assets 3,142,874 2,826,667 LIABILITIES Fees payable to Sponsor 438 409 Total liabilities 438 409 NET ASSETS (1) $ 3,142,436 $ 2,826,258 (1) Authorized share capital is Unlimited with no par value per Share. Shares issued and outstanding at June 30, 2024 were 141,100,000 and at December 31, 2023 were 142,200,000 . Net asset values per Share at June 30, 2024 and December 31, 2023 were $ 22.27 and $ 19.88 , respectively. See Notes to the Financial Statements 1 abrdn Gold 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 gold (in 000's of US$, except for oz and percentage data) Gold 1,348,352.3 $ 2,216,720 $ 3,142,874 100.01 % Total investment in gold 1,348,352.3 $ 2,216,720 $ 3,142,874 100.01 % Less liabilities ( 438 ) ( 0.01 )% Net Assets $ 3,142,436 100.00 % December 31, 2023 Description oz Cost Fair Value % of Net Assets Investment in gold (in 000's of US$, except for oz and percentage data) Gold 1,360,020.7 $ 2,207,626 $ 2,826,667 100.01 % Total investment in gold 1,360,020.7 $ 2,207,626 $ 2,826,667 100.01 % Less liabilities ( 409 ) ( 0.01 )% Net Assets $ 2,826,258 100.00 % See Notes to the Financial Statements 2 abrdn Gold ETF Trust of Operations (Unaudited) For the three and six months ended June 30, 2024 and 2023 Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six

financial statements should be read in conjunction with the Trust's Annual Report on Form 10-K for the fiscal year ended

financial statements should be read in conjunction with the Trust's Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the operating results for the full year. 2. Significant Accounting Policies The preparation of financial statements in accordance with U.S. GAAP requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by the Trust. 2.1. Basis of Accounting The Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 946, Financial Services—Investment Companies, and has concluded that for reporting purposes, the Trust is classified as an Investment Company. 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. 2.2. Valuation of Gold The Trust follows the provisions of ASC 820, Fair Value Measurement ("ASC 820"). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Effective May 23, 2024, the Trustee, at the direction of the Sponsor, entered into an Allocated Account Agreement and Unallocated Account Agreement with ICBC Standard Bank Plc ("ICBC"), providing for the custody of the Trust's gold. Prior to May 23, 2024, JPMorgan Chase Bank N.A. ("JPMorgan") served as custodian of the Trust's gold, and will continue to provide custody services until all

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