Summary
SPDR Gold Trust (GLD) reported its financial condition for the quarter ending December 31, 2019. The Trust's Net Assets stood at approximately $43.72 billion, a slight decrease from $43.96 billion at the end of the previous quarter. This decrease was primarily driven by net redemptions of Shares, which outweighed creations. The Trust held approximately 28.7 million ounces of gold, valued at fair value of over $43.73 billion, representing 100.03% of Net Assets. For the three months ended December 31, 2019, the Trust reported a net income of $1.017 billion, a significant decrease from $2.282 billion in the same period of the prior year. This reduction was largely due to a substantial decrease in the net change in unrealized appreciation on investment in gold, which was $775.9 million in the current quarter compared to $2.35 billion in the prior year. Sponsor fees remained a key expense, totaling $43.3 million for the quarter.
Financial Highlights
9 data points| Operating Expenses | $43.27M |
| Net Income | $1.02B |
| EPS (Basic) | $3.30 |
| Shares Outstanding (Basic) | 308.14M |
Key Highlights
- 1Net Assets decreased slightly to $43.72 billion as of December 31, 2019, down from $43.96 billion as of September 30, 2019.
- 2The Trust held approximately 28.7 million ounces of gold, with a fair value of $43.74 billion, representing 100.03% of Net Assets.
- 3Net income for the quarter ended December 31, 2019, was $1.017 billion, a significant decrease from $2.282 billion in the prior year's comparable quarter.
- 4Net change in unrealized appreciation on gold investments was $775.9 million for the quarter, down from $2.35 billion in the prior year.
- 5There were net redemptions of Shares valued at $1.25 billion during the quarter, indicating more gold was distributed than deposited.
- 6Sponsor fees for the quarter totaled $43.3 million.
- 7The Trust had no cash balance at the end of the period, as gold is sold to cover expenses.