SPDR Gold Trust Files Quarterly Report (10-Q) for Period Ended March 31, 2024

TL;DR

<b>SPDR Gold Trust (GLD) has filed its Q1 2024 10-Q report detailing its financial position and investments in gold.</b>

AI Summary

SPDR GOLD TRUST (GLD) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. SPDR Gold Trust filed a 10-Q report for the quarterly period ended March 31, 2024. The filing is for the period from October 1, 2023, to March 31, 2024. The Trust is sponsored by World Gold Trust Services, LLC. The filing includes financial information for the periods ending March 31, 2024, and September 30, 2023. The report details investment in gold and fair value inputs for the trust's assets.

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 performance and asset details of the SPDR Gold Trust, a major gold ETF. Understanding the trust's holdings and financial status is crucial for investors tracking gold prices and seeking exposure to the commodity.

Risk Assessment

Risk Level: low — SPDR GOLD TRUST shows low risk based on this filing. The filing is a standard quarterly report (10-Q) for a well-established ETF, indicating routine operational disclosure rather than significant new risks.

Analyst Insight

Investors should review the detailed financial statements and disclosures within the 10-Q to assess the trust's performance and gold holdings.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (Reported period)
• 2023-10-01 — Quarterly Period Start Date (Reported period)
• 001-32356 — Commission File Number (SEC Filing Identifier)
• 81-6124035 — IRS Employer Identification No. (Filer Identifier)

Key Players & Entities

• SPDR Gold Trust (company) — Registrant
• World Gold Trust Services, LLC (company) — Sponsor
• March 31, 2024 (date) — Quarterly period ended
• 001-32356 (other) — Commission file number
• 685 Third Avenue, Suite 2702 (address) — Business Address
• New York (location) — Business Address City
• 10017 (other) — Business Address ZIP
• 2123173800 (phone) — Business Phone

FAQ

Risk Factors

• Investment in Gold [medium — financial]: The Trust's primary investment is in gold bullion, and its performance is directly tied to the price of gold.
• Trust Operations [low — operational]: The Trust is governed by the Trust Indenture and operates under the oversight of the Sponsor and Trustee.
• Regulatory Compliance [low — regulatory]: The Trust is subject to SEC regulations and reporting requirements.

Key Dates

• 2024-03-31: Quarterly Period End — End date for the financial reporting period covered by the 10-Q.
• 2024-05-08: Filing Date — Date the 10-Q report was officially filed with the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with an update on the company's financial performance and condition during the quarter.)

Key Financial Figures

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

Filing Documents

• gld20240331_10q.htm (10-Q) — 534KB
• ex_628785.htm (EX-31.1) — 13KB
• ex_628786.htm (EX-31.2) — 10KB
• ex_628787.htm (EX-32.1) — 5KB
• ex_628788.htm (EX-32.2) — 5KB
• graph11.jpg (GRAPHIC) — 25KB
• graph13.jpg (GRAPHIC) — 26KB
• 0001437749-24-015320.txt (&nbsp;) — 2543KB
• gld-20240331.xsd (EX-101.SCH) — 27KB
• gld-20240331_cal.xml (EX-101.CAL) — 18KB
• gld-20240331_def.xml (EX-101.DEF) — 126KB
• gld-20240331_lab.xml (EX-101.LAB) — 124KB
• gld-20240331_pre.xml (EX-101.PRE) — 142KB
• gld20240331_10q_htm.xml (XML) — 354KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 1 Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 1 Schedules of Investment at March 31, 2024 (unaudited) and September 30, 2023 2 Unaudited Statements of Operations for the three and six months ended March 31, 2024 and 2023 3 Unaudited Statements of Cash Flows for the three and six months ended March 31, 2024 and 2023 4 Unaudited Statements of Changes in Net Assets for the three and six months ended March 31, 2024 and 2023 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 March 31, 2024 (unaudited) and September 30, 2023 (Amounts in 000's of US$ except for share and per share data) Mar-31, 2024 Sep-30, 2023 (unaudited) ASSETS Investments in Gold, at fair value (cost $ 45,873,497 and $ 47,094,463 at March 31, 2024 and September 30, 2023, respectively) $ 59,101,247 $ 52,539,161 Total Assets $ 59,101,247 $ 52,539,161 LIABILITIES Accounts payable to Sponsor $ 19,421 $ 17,892 Gold payable — — Total Liabilities $ 19,421 $ 17,892 Net Assets $ 59,081,826 $ 52,521,269 Shares issued and outstanding (1) 288,200,000 302,700,000 Net asset value per Share $ 205.00 $ 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) March 31, 2024 Ounces of gold Cost Fair Value % of Net Assets (unaudited) Investment in Gold 26,690.1 $ 45,873,497 $ 59,101,247 100.03 % Total Investment $ 45,873,497 $ 59,101,247 100.03 % Liabilities in excess of other assets ( 19,421 ) ( 0.03 )% Net Assets $ 59,081,826 100.00 % 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 and six months ended March 31, 2024 and March 31, 2023 Three Months Three Months Six Months Six Months Ended Ended Ended Ended (Amounts in 000's of US$, except per share data) Mar-31, 2024 Mar-31, 2023 Mar-31, 2024 Mar-31, 2023 (unaudited) (unaudited) (u

View Full Filing

View this 10-Q filing on SEC EDGAR