10-KPeriod: FY2024

SPDR GOLD TRUST Annual Report, Year Ended Sep 30, 2024

Filed November 25, 2024For Securities:GLD

Summary

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.

Financial Highlights

10 data points
Beta

Net Income

$20.36B

EPS (Diluted)

$69.02

Total Assets

$73.73B

Cash & Equivalents

$0.00

Free Cash Flow

$0.00

Financial Statements
Beta
Operating Expenses$242.09M
Net Income$20.36B
EPS (Basic)$69.02
Shares Outstanding (Basic)295.04M

Key Highlights

  • 1The SPDR Gold Trust (GLD) aims to track the price performance of gold bullion, less expenses.
  • 2As of September 30, 2024, the Trust held 28,033.9 ounces of gold with a market value of approximately $73.7 billion.
  • 3For the fiscal year ended September 30, 2024, the Trust reported a net income of $20.36 billion, driven by the appreciation in the value of its gold holdings.
  • 4The Trust's primary expense is the Sponsor's fee, which is set at an annual rate of 0.40% of the daily Net Asset Value (NAV).
  • 5Gold is held in allocated accounts by custodians HSBC and JPMorgan.
  • 6The Trust does not engage in active management or hedging strategies, relying solely on the passive tracking of gold prices.
  • 7The Shares are exchange-traded, providing investors with accessible exposure to the gold market.

Frequently Asked Questions

The primary investment objective of the SPDR Gold Trust (GLD) is for its Shares to reflect the performance of the price of gold bullion, less the Trust's expenses.

The Trust holds physical gold bullion in allocated accounts with its custodians, HSBC Bank plc and JPMorgan Chase Bank, N.A. The Trust's assets consist solely of gold and do not include any derivative instruments.

The Trust's expenses are paid by selling gold held by the Trust on an as-needed basis. The Sponsor's fee, which covers ordinary operating expenses, is 0.40% of the daily Net Asset Value (NAV).

The primary risk is the fluctuation in the price of gold, which directly impacts the value of the Shares. Other risks include potential loss or theft of gold held by custodians, limitations on recovery in case of loss, and the fact that the Trust is a passive investment vehicle without active management or hedging strategies.