GLD 10-K Annual Reports

SPDR Gold Trust (GLD) reported its annual results for the fiscal year ending September 29, 2025. The Trust's primary objective remains to reflect the performance of the price of gold bullion, less its expenses. The value of the Trust's holdings is directly tied to the market price of gold, which experienced significant appreciation during the reporting period. The Trust maintained substantial gold reserves, with its market value increasing substantially year-over-year. Key operational aspects include the continuous oversight by the Sponsor, World Gold Trust Services, LLC, and the custodial services provided by HSBC and JPMorgan Chase Bank, N.A. The Trust operates as a passive investment vehicle, holding physical gold, and does not engage in derivative trading. While the Trust's net asset value has grown, investors should remain aware of the ongoing expenses, which are paid through the sale of gold, leading to a gradual decrease in the amount of gold represented per share over time. The report also highlights the Trust's adherence to cybersecurity best practices through its Sponsor and service providers.

The SPDR Gold Trust (GLD) filed an amendment to its 10-K annual report on December 19, 2024, pertaining to the period ending September 29, 2024. This filing primarily serves to update and provide access to various exhibits and agreements related to the Trust's operations. Importantly, the Trust has reaffirmed its management's assessment of internal control over financial reporting, as attested by its registered public accounting firm, KPMG LLP. This amendment does not introduce new financial statements or alter previously issued financial information, but rather consolidates and references essential legal and operational documents that underpin the Trust's structure and governance.

SPDR Gold Trust (GLD) has filed its 10-K for the fiscal year ending September 29, 2024. The Trust's primary objective is to reflect the performance of the price of gold bullion, less operational expenses. The Trust holds physical gold bullion in allocated accounts with custodians HSBC Bank plc and JPMorgan Chase Bank, N.A. The report highlights that the Trust's assets are entirely composed of gold, with no derivative instruments employed. For the year ended September 30, 2024, the Trust experienced significant growth in net assets, driven by a substantial increase in the market value of its gold holdings. The net income for the year was $20.36 billion, a considerable increase from the prior year, reflecting the appreciation of gold prices. The Trust's operational expenses are covered by selling gold as needed, and the sponsor's fee remains a consistent 0.40% of the daily Net Asset Value (NAV). Investors should note that the value of the Shares directly correlates with the price of gold, and the Trust's passive investment strategy means it does not engage in active management or hedging.

SPDR Gold Trust (GLD) filed its annual report on Form 10-K for the period ending September 29, 2023. The Trust's primary objective is to reflect the performance of the price of gold bullion, less expenses. The report indicates that the Trust holds a significant amount of gold, with its value primarily determined by the LBMA Gold Price PM. Key operational aspects include the creation and redemption of shares in Baskets by Authorized Participants and the management of gold custody by HSBC and JPMorgan. The Trust's financial performance for the fiscal year ending September 30, 2023, showed a net income of $5,548,188,000, a significant turnaround from the net loss of $(2,944,530,000) in the prior year. This was primarily driven by a substantial unrealized gain on gold holdings, reflecting the increase in gold prices during the period. The Trust's expenses, mainly the sponsor fee, are paid by selling gold, which can impact the amount of gold held per share over time. Investors are cautioned about the inherent risks associated with gold price volatility and the operational aspects of the Trust.

The SPDR Gold Trust (GLD), as of its 2022 10-K filing, continues its primary function as an investment trust holding physical gold bullion. Its investment objective remains to reflect the performance of the price of gold, less trust expenses. The Trust issues SPDR Gold Shares (GLD) which represent fractional undivided beneficial interests in the Trust's gold holdings. These shares are designed to offer investors a convenient and cost-efficient way to gain exposure to the gold market without the logistical challenges of direct gold ownership. The Trust's assets primarily consist of allocated gold bullion stored with HSBC Bank plc as the Custodian. The Trust is not actively managed and its gold is primarily sold only to cover operational expenses. The Net Asset Value (NAV) of the Trust is determined daily based on the LBMA Gold Price PM. Key service providers include World Gold Trust Services, LLC as the Sponsor, BNY Mellon Asset Servicing as the Trustee, and State Street Global Advisors Funds Distributors, LLC as the Marketing Agent.

The SPDR Gold Trust (GLD) 10-K filing for the period ending September 29, 2021, details its structure as an investment trust holding physical gold bullion. The Trust's primary objective is for its Shares (GLD) to track the performance of the gold price, less expenses. It achieves this by holding gold bars, with BNY Mellon Asset Servicing as the Trustee and HSBC Bank plc as the Custodian. The Trust is not actively managed and generally only sells gold to cover operational expenses. Key operational aspects include the creation and redemption of Shares through Authorized Participants, who exchange gold for Shares or vice versa. The Trust's Net Asset Value (NAV) is determined daily based on the LBMA Gold Price PM. The filing highlights that the Trust does not hold derivatives and its performance is directly tied to the price of gold, with expenses being the primary drag on performance. Significant risk factors include gold price volatility, the potential for large-scale gold sales by official sectors, and risks associated with gold custody.

SPDR Gold Trust (GLD) reported its annual results for the period ending September 29, 2020. As an investment trust, GLD's primary objective is to reflect the performance of the price of gold bullion, less expenses. During the fiscal year ended September 30, 2020, the Trust reported a significant net income of $13,083,928,000, primarily driven by a substantial unrealized appreciation on its gold holdings, reflecting the strong performance of gold prices during the period. The Trust holds physical gold bullion, with its net assets valued at approximately $76.95 billion as of September 30, 2020. Key operational aspects include the creation and redemption of Shares by Authorized Participants in exchange for physical gold, and the Trust's reliance on the LBMA Gold Price PM for valuation. Expenses are paid by selling gold, which can impact the amount of gold backing each Share over time. The filing also highlights various risks associated with gold price volatility, custodial arrangements, and market infrastructure, emphasizing that GLD is a passive investment vehicle. Investors should note the tax implications, particularly the 28% maximum long-term capital gains tax rate for individuals on gold-related gains.

SPDR Gold Trust (GLD) in its 2019 10-K filing highlights its objective to provide investors with a cost-effective and convenient way to gain exposure to the price of gold bullion. The Trust holds physical gold, and the value of its shares is designed to track the performance of gold prices, less Trust expenses. The Trust is structured as an investment trust, not a corporation, and does not engage in commodity futures trading. Its operations are managed by World Gold Trust Services, LLC (Sponsor), BNY Mellon Asset Servicing (Trustee), and HSBC Bank plc (Custodian). The filing details the operational mechanisms of the Trust, including the creation and redemption of Shares through Authorized Participants, the valuation of gold using the LBMA Gold Price PM, and the management of Trust expenses, which primarily involve selling gold to cover costs. Investors should be aware that the amount of gold backing each Share gradually decreases over time due to these expenses. The report also outlines various risks, including gold price volatility, potential disruptions in the LBMA pricing mechanism, and operational risks associated with gold custody.

SPDR Gold Trust (GLD) filed its annual report on Form 10-K for the period ending September 29, 2018. The Trust's primary objective is to reflect the performance of the price of gold bullion, less its expenses. As of September 30, 2018, the Trust held approximately 23.86 million ounces of gold, valued at $28.33 billion. The Trust's net assets stood at $28.32 billion. For the fiscal year ended September 30, 2018, the Trust reported a net loss of $2.62 billion, primarily driven by a significant decrease in the unrealized appreciation of its gold holdings. This financial performance is directly tied to the fluctuations in the price of gold, which experienced volatility during the reporting period. The Trust's expenses, primarily the sponsor fee, are paid through the sale of gold, leading to a gradual decrease in the amount of gold represented by each outstanding share over time. Investors should note that the Trust is a passive investment vehicle and does not engage in active management or hedging strategies.

SPDR Gold Trust (GLD) filed its annual report on Form 10-K for the period ending September 29, 2017. The report highlights the Trust's objective to reflect the performance of the price of gold bullion, less expenses. The Trust holds physical gold bullion, acting as a passive investment vehicle. Key operational aspects include the creation and redemption of Shares through Authorized Participants, with gold as the underlying asset. The Trust's expenses, primarily the sponsor's fee, are paid through the sale of gold. The report also details the gold industry landscape, market risks associated with gold price volatility, and the operational framework of the Trust, including its custodian and trustee. For investors, understanding GLD means understanding the price of gold and the trust's expense structure. The report emphasizes that the value of GLD is directly tied to the price of gold, and any fluctuations in gold prices will materially impact the Shares' value. The fee structure, with a 0.40% sponsor's fee, is also a critical factor for investors to consider in their overall return.

SPDR Gold Trust (GLD) provides investors with a cost-effective and convenient way to gain exposure to the price of gold bullion. The Trust aims to reflect the performance of gold prices, less trust expenses. As of September 30, 2016, the Trust held approximately 30.5 million ounces of gold, valued at over $40 billion. The Trust's primary expense is the Sponsor's fee, which has been set at 0.40% of the daily Net Asset Value (NAV) since July 17, 2015, covering all ordinary operating expenses. For the fiscal year ended September 30, 2016, the Trust reported a net income of approximately $4.95 billion, primarily driven by a significant unrealized gain on its gold holdings. This contrasts with a net loss of approximately $2.69 billion in the previous fiscal year. Investors should note that the value of the Shares is directly tied to the price of gold, which can be volatile and influenced by numerous global economic and geopolitical factors.

The SPDR Gold Trust (GLD) 10-K filing for the fiscal year ended September 30, 2015, reveals a passive investment vehicle designed to track the price of gold bullion. The Trust holds physical gold, and its Shares represent fractional ownership interests in this gold. Key operational aspects include the creation and redemption of Shares through Authorized Participants and the daily valuation of gold based on the LBMA Gold Price. Financially, the Trust experienced a significant net loss of $2,685,202,000 for the fiscal year ended September 30, 2015. This loss is primarily attributed to a substantial unrealized depreciation on its gold holdings. The Trust's expenses are managed by the Sponsor, who assumed responsibility for all ordinary expenses in exchange for a fee, which was the primary recurring expense for the period. Investors should note that the amount of gold backing each share gradually decreases over time due to the sale of gold to cover Trust expenses.

This 10-K filing for the SPDR Gold Trust (GLD) for the fiscal year ending September 29, 2014, highlights its primary objective: to track the performance of gold bullion prices, less trust expenses. The trust's structure is designed to offer investors a convenient and cost-efficient way to gain exposure to gold, overcoming the logistical challenges of direct physical ownership. Shares are exchange-traded, providing liquidity and accessibility through standard brokerage accounts. The filing details the trust's operations, including the creation and redemption of shares in exchange for physical gold, the role of various service providers such as the Sponsor, Trustee, Custodian, and Marketing Agent, and the associated expenses. It also provides an overview of the global gold market, including supply and demand dynamics, and discusses the tax implications for U.S. and non-U.S. shareholders. Key risks identified include the direct correlation of share value to gold prices and potential issues with the London PM Fix benchmark used for valuation.

The SPDR Gold Trust (GLD) 2013 Form 10-K provides an overview of its operations as an investment trust designed to track the price of gold bullion. The Trust's primary asset is physical gold, held by a custodian, and it issues Shares that represent a beneficial interest in this gold. Investors can buy and sell these Shares on major stock exchanges, offering a convenient way to gain exposure to the gold market without the complexities of directly holding physical gold. For the fiscal year ending September 30, 2013, the Trust reported a significant total gain on gold of $4,735,252,000. This gain was primarily driven by the appreciation of the gold held and distributed during share redemptions, with a smaller portion from gold sales to cover operational expenses. The Trust emphasizes its passive investment strategy, meaning it does not actively manage its gold holdings or employ hedging techniques. Investors should be aware that the amount of gold represented by each Share gradually decreases over time due to the Trust's expenses, and the Share price directly correlates with the fluctuations in the price of gold.

This 10-K filing for SPDR Gold Trust (GLD) for the fiscal year ending September 29, 2012, highlights the Trust's objective: to reflect the performance of the price of gold bullion, less expenses. The Trust operates passively, holding physical gold bullion as its primary asset. The Shares are designed to offer investors a convenient and cost-efficient way to gain exposure to the gold market, overcoming the traditional barriers of storing and insuring physical gold. Key financial performance indicates significant gains driven by the appreciation of gold. However, investors should be aware that the Trust incurs ongoing expenses, which are paid by selling gold, leading to a gradual decrease in the amount of gold backing each Share over time. The filing also details the operational structure, including the roles of the Sponsor, Trustee, Custodian, and Marketing Agent, as well as the risks associated with investing in gold and the structure of the Trust.

SPDR Gold Trust (GLD) provides investors with a cost-efficient and convenient way to gain exposure to the price of gold bullion. The Trust holds physical gold, and its shares are designed to mirror the performance of gold prices, less trust expenses. The filing highlights that the Trust does not generate income and regularly sells gold to cover its operational costs, which gradually reduces the amount of gold represented by each share over time. Key operational aspects include the creation and redemption of shares in "Baskets" by Authorized Participants. The Trust's net asset value (NAV) is calculated daily, reflecting the market value of its gold holdings minus liabilities. Investors should be aware of the risks associated with gold price volatility, the passive nature of the Trust, and potential trading price deviations from NAV. The filing also details the various service providers, including the Sponsor (World Gold Trust Services, LLC), Trustee (BNY Mellon Asset Servicing), Custodian (HSBC Bank USA, N.A.), and Marketing Agent (State Street Global Markets, LLC).

The SPDR Gold Trust (GLD), as of its fiscal year ending September 30, 2010, reported robust performance reflecting the appreciation of gold prices. The Trust's primary objective is to track the performance of gold bullion, less expenses. During the reporting period, the Trust held approximately 41.8 million ounces of gold, with a market value exceeding $54 billion. Significant gains were recorded both from gold sold to cover expenses and from gold distributed during share redemptions. Investors in GLD benefit from a cost-effective and accessible way to gain exposure to gold. The Trust's shares are traded on major exchanges, offering liquidity and ease of trading compared to direct physical gold ownership. Key expenses include custody, trustee, sponsor, and marketing fees, which are borne by the Trust through periodic sales of gold. The Trust's structure as a grantor trust ensures that it is not directly taxed at the entity level, with gains and losses flowing through to shareholders.

This 10-K filing for SPDR Gold Trust (GLD) as of September 30, 2009, details the trust's structure, operations, and financial performance. The primary objective of GLD is to reflect the performance of the price of gold bullion, less trust expenses. The trust holds physical gold bullion, offering investors a convenient and accessible way to invest in the gold market without the complexities of direct gold ownership, storage, and insurance. The filing outlines the roles of key service providers, including the Sponsor (World Gold Trust Services, LLC), Trustee (BNY Mellon Asset Servicing), Custodian (HSBC Bank USA, N.A.), and Marketing Agent (State Street Global Markets, LLC). Financially, GLD reported a total gain on gold of $508.5 million for the year ended September 30, 2009, compared to $2.04 billion in the prior year, reflecting the significant price fluctuations in gold. Total expenses for the year were $113.6 million. The trust's financial position shows a substantial increase in the market value of its gold holdings to $35.03 billion from $20.58 billion in the prior year, driven by rising gold prices.

SPDR Gold Trust (GLD) filed its annual report on Form 10-K for the period ending September 29, 2008. The Trust's primary objective is to provide investors with a convenient and cost-effective way to gain exposure to the price of gold bullion. The Trust holds physical gold, and its shares are designed to track the performance of gold prices, less expenses. As of September 30, 2008, the Trust held approximately 23.3 million ounces of gold, valued at over $20.5 billion. The filing details the Trust's operational structure, including its sponsor (World Gold Trust Services, LLC), trustee (BNY Mellon Asset Servicing), custodian (HSBC Bank USA, N.A.), and marketing agent (State Street Global Markets, LLC). During the fiscal year, the Trust experienced significant growth in its gold holdings and market value, reflecting the overall increase in gold prices during a period of global economic uncertainty and financial crisis. The report highlights the operational expenses, which include fees for custody, trustee, sponsor, and marketing services, all of which are paid from the Trust's assets through the sale of gold. The filing also outlines various risks associated with investing in gold and the Trust, including price volatility, potential discounts or premiums of the shares relative to Net Asset Value, and the impact of Trust expenses on returns.

This amended 10-K filing for SPDR Gold Trust (GLD) as of September 29, 2007, filed on October 9, 2008, provides the Trust's financial statements and exhibits. The filing is an amendment and incorporates by reference previously filed documents, primarily focusing on the underlying agreements that govern the Trust's operations. Investors should note that this filing does not contain new financial performance data for the period but rather updates and references the constitutive documents that enable the Trust's structure and function. Key documents referenced include the Trust Indenture, Participant Agreements, Sponsor Payment and Reimbursement Agreement, and various Bullion Account and Depository Agreements. These exhibits are crucial for understanding the operational framework, custody of gold bullion, and the mechanics of how GLD issues and redeems shares, which are directly tied to the price of gold. While the filing's core is legal and operational, it underpins the GLD ETF's ability to track the spot price of gold.

SPDR Gold Trust (GLD) operates as an investment trust holding physical gold bullion. Its primary objective is to allow investors to track the performance of gold prices through exchange-traded shares, offering a convenient and cost-efficient alternative to direct gold ownership. The Trust aims to reflect the price of gold bullion, less its operating expenses. As of September 30, 2007, the Trust held approximately 18.58 million ounces of gold, with a market value exceeding $13.8 billion. The Trust generated a net gain of over $313 million for the fiscal year ended September 30, 2007. The shares are listed on the NYSE under the ticker GLD, providing liquidity and accessibility for investors seeking exposure to the gold market.

SPDR Gold Trust (GLD) filed its 2006 annual report (10-K) on November 29, 2006, detailing its structure and operations as of September 30, 2006. The Trust was established in November 2004 to offer investors a convenient and cost-efficient way to gain exposure to the price of gold bullion. It achieves this by holding physical gold and issuing shares that represent fractional ownership of this gold, aiming to track the performance of gold prices less Trust expenses. The Trust operates by creating and redeeming shares in large blocks called 'Baskets,' exclusively through Authorized Participants. These shares are exchange-traded on the NYSE, offering liquidity and ease of access compared to direct gold ownership. The filings highlight the Trust's reliance on service providers like the Sponsor (World Gold Trust Services LLC), Trustee (The Bank of New York), Custodian (HSBC Bank USA, N.A.), and Marketing Agent (State Street Global Markets, LLC). The report also provides insights into the global gold market, including supply and demand dynamics and the historical price movements of gold leading up to September 2006.

SPDR Gold Trust (GLD) launched in November 2004, aims to provide investors with a cost-effective and accessible way to gain exposure to the price of gold bullion. The Trust holds physical gold, and its shares are designed to reflect the performance of the gold price, less trust expenses. This 2005 10-K filing marks one of the Trust's earliest annual reports, detailing its operational structure, financial performance, and the market context for gold investment. The Trust's strategy revolves around overcoming the traditional barriers to gold ownership, such as storage and insurance costs, by offering an exchange-traded security that can be bought and sold through a brokerage account. The Trust's primary assets are physical gold holdings, valued daily based on the London PM Fix. Its expenses, including fees for the sponsor, trustee, custodian, and marketing agent, are accrued daily and reduce the Net Asset Value (NAV) per share. The Trust's financial performance, as presented in this filing, shows a net loss for the period, largely due to the costs associated with establishing and operating a new investment vehicle and the accounting treatment of gold value fluctuations. The filing also highlights the evolving gold market in 2005, influenced by factors like central bank policies, global economic conditions, and investment demand.