01—Abstract
Summary
Summary of the 10-K/A filed December 19, 2024. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- The filing is an Amendment (10-K/A) to the SPDR Gold Trust's annual report, focusing on exhibits and updated agreements.
- The period end date for the report is September 29, 2024, with the filing date of December 19, 2024.
- The Trust has filed an attestation to its management's assessment of internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act.
- No corrections to previously issued financial statements are indicated in this amendment.
- Key exhibits include various Trust Indentures, Sponsor Agreements, and Marketing Agent Agreements, some of which have been amended multiple times.
- HSBC Bank plc and JPMorgan Chase Bank, N.A. are noted as parties to Amended and Restated Bullion Account Agreements.
- The independent registered public accounting firm is KPMG LLP.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2024filed December 19, 2024Financial Statements
FY2024 against FY2023
| Line item | FY2024FY2023 | Change |
|---|---|---|
| Operating Expenses | $242.09M$221.61M | +9.2% |
| Net Income | $20.36B$5.55B | +267.0% |
| EPS (Basic) | $69.02$17.50 | +294.4% |
| Shares Outstanding (Basic) | 295.04M316.95M | −6.9% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-K/A filing for SPDR Gold Trust (GLD)?
This filing is an amendment to the annual report and primarily serves to update and provide access to various exhibits and agreements that govern the SPDR Gold Trust's operations. It does not contain new financial statements or fundamentally alter previously reported financial information but ensures all relevant documentation is current and accessible.
Does this amendment indicate any issues with GLD's financial reporting or internal controls?
No, this amendment does not indicate any issues. In fact, it confirms that the Trust has filed an attestation to its management's assessment of internal control over financial reporting, which is a positive indication of robust control processes. The filing also explicitly states that it does not reflect the correction of an error to previously issued financial statements.
What kind of agreements are listed as exhibits in this filing?
The exhibits include fundamental agreements such as the Trust Indenture, Participant Agreements, Sponsor Payment and Reimbursement Agreements, and various Bullion Account Agreements (both allocated and unallocated). Marketing Agent Agreements and License Agreements are also listed, reflecting the operational and promotional aspects of the Trust.
Who is the auditor for the SPDR Gold Trust?
The independent registered public accounting firm for the SPDR Gold Trust is KPMG LLP, based in New York, NY.
06—Continue