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

TL;DR

<b>SPDR Gold Trust filed its 10-Q for Q4 2023, detailing its holdings and financial status as of December 31, 2023.</b>

AI Summary

SPDR GOLD TRUST (GLD) filed a Quarterly Report (10-Q) with the SEC on February 8, 2024. SPDR Gold Trust filed its quarterly report (10-Q) for the period ended December 31, 2023. The filing covers the quarterly period from October 1, 2023, to December 31, 2023. The Trust's fiscal year end is September 30. The filing is made as of February 8, 2024. The Trust is sponsored by World Gold Trust Services, LLC.

Why It Matters

For investors and stakeholders tracking SPDR GOLD TRUST, this filing contains several important signals. This filing provides investors with the latest financial and operational details of the SPDR Gold Trust, a major gold-backed ETF. Understanding the trust's holdings and financial position is crucial for investors tracking gold prices and the performance of gold-related investments.

Risk Assessment

Risk Level: low — SPDR GOLD TRUST shows low risk based on this filing. The filing is a standard quarterly report for a well-established ETF, with no immediate red flags or significant changes indicated in the provided header information.

Analyst Insight

Review the detailed financial statements and holdings within the full 10-Q to assess the trust's performance and asset allocation.

Key Numbers

• 2023-12-31 — Quarterly Period End Date (Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended December 31, 2023)
• 2023-10-01 — Quarterly Period Start Date (2023-10-01 2023-12-31)
• 2024-02-08 — Filing Date (FILED AS OF DATE: 20240208)
• 001-32356 — Commission File Number (Commission file number: 001-32356)

Key Players & Entities

• SPDR Gold Trust (company) — Registrant as Specified in Its Charter
• World Gold Trust Services, LLC (company) — Sponsor
• New York (location) — State or Other Jurisdiction of Incorporation or Organization
• 2123173800 (phone) — Registrant's Telephone Number
• 20231231 (date) — Quarterly period ended
• 20240208 (date) — Filed as of date

Forward-Looking Statements

• The valuation method for gold holdings will remain Level 1 inputs. (SPDR Gold Trust) — high confidence, target: 2024-09-30

FAQ

Industry Context

SPDR Gold Trust is an exchange-traded fund (ETF) that holds physical gold. It is one of the largest gold ETFs globally, providing investors with a way to gain exposure to the price movements of gold.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 13 or 15(d), requiring quarterly reports from public companies.

What Investors Should Do

1. Analyze the trust's net asset value and share performance for the quarter.
2. Examine the amount of gold held by the trust and any changes in holdings.
3. Review the trust's expenses and fees as detailed in the filing.

Year-Over-Year Comparison

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

Key Financial Figures

• $ — Ended Ended (Amounts in 000's of US$, except per share data) Dec-31, 2023

Filing Documents

• gld20231231_10q.htm (10-Q) — 422KB
• ex_606269.htm (EX-31.1) — 13KB
• ex_606270.htm (EX-31.2) — 10KB
• ex_606271.htm (EX-32.1) — 5KB
• ex_606272.htm (EX-32.2) — 5KB
• p11.jpg (GRAPHIC) — 44KB
• p13.jpg (GRAPHIC) — 49KB
• 0001437749-24-003442.txt (&nbsp;) — 2397KB
• gld-20231231.xsd (EX-101.SCH) — 27KB
• gld-20231231_cal.xml (EX-101.CAL) — 18KB
• gld-20231231_def.xml (EX-101.DEF) — 126KB
• gld-20231231_lab.xml (EX-101.LAB) — 124KB
• gld-20231231_pre.xml (EX-101.PRE) — 142KB
• gld20231231_10q_htm.xml (XML) — 279KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 1 Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 1 Schedules of Investment at December 31, 2023 (unaudited) and September 30, 2023 2 Unaudited Statements of Operations for the three months ended December 31, 2023 and 2022 3 Unaudited Statements of Cash Flows for the three months ended December 31, 2023 and 2022 4 Unaudited Statements of Changes in Net Assets for the three months ended December 31, 2023 and 2022 5 Notes to the Unaudited Financial Statements 6 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 10 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 14 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 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 17 Table of Contents SPDR GOLD TRUST

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION:

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) At December 31, 2023 (unaudited) and September 30, 2023 (Amounts in 000's of US$ except for share and per share data) Dec-31, 2023 Sep-30, 2023 (unaudited) ASSETS Investments in Gold, at fair value (cost $ 48,210,296 and $ 47,094,463 at December 31, 2023 and September 30, 2023, respectively) $ 58,464,931 $ 52,539,161 Total Assets $ 58,464,931 $ 52,539,161 LIABILITIES Accounts payable to Sponsor $ 19,501 $ 17,892 Gold payable 172,607 — Total Liabilities $ 192,108 $ 17,892 Net Assets $ 58,272,823 $ 52,521,269 Shares issued and outstanding (1) 304,900,000 302,700,000 Net asset value per Share $ 191.12 $ 173.51 (1) Authorized share capital is unlimited and the par value of the Shares is $ 0.00 . See notes to the unaudited financial statements. 1 Table of Contents SPDR GOLD TRUST Schedules of Investment (Amounts in 000 ' s except for percentages) December 31, 2023 Ounces of gold Cost Fair Value % of Net Assets (unaudited) Investment in Gold 28,348.0 $ 48,210,296 $ 58,464,931 100.33 % Total Investment $ 48,210,296 $ 58,464,931 100.33 % Liabilities in excess of other assets ( 192,108 ) ( 0.33 )% Net Assets $ 58,272,823 100.00 % September 30, 2023 Ounces of gold Cost Fair Value % of Net Assets Investment in Gold 28,088.3 $ 47,094,463 $ 52,539,161 100.03 % Total Investment $ 47,094,463 $ 52,539,161 100.03 % Liabilities in excess of other assets ( 17,892 ) ( 0.03 )% Net Assets $ 52,521,269 100.00 % See notes to the unaudited financial statements. 2 Table of Contents SPDR GOLD TRUST Unaudited Statements of Operations For the three months ended December 31, 2023 and December 31, 2022 Three Months Three Months Ended Ended (Amounts in 000's of US$, except per share data) Dec-31, 2023 Dec-31, 2022 (unaudited) (unaudited) EXPENSES Sponsor fees $ 55,748 $ 51,496 Total expenses

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

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 included in Item 1 of Part I of this Quarterly Report. The discussion and analysis which follows may contain trend analysis and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our current views with respect to future events and financial results. Words such as " anticipate, " " expect, " " intend, " " plan, " " believe, " " seek, " " outlook " and " estimate " as well as similar words and phrases signify forward-looking statements. SPDR Gold Trust ' s forward-looking statements are not guarantees of future results and conditions and important factors, risks and uncertaintie

View Full Filing

View this 10-Q filing on SEC EDGAR