GLD SEC Filings

SPDR Gold Trust (GLD) reported its financial condition as of March 31, 2026, and its results of operations for the three and six months ended on that date. The Trust holds a substantial amount of gold, with its primary asset being "Investments in Gold, at fair value," valued at approximately $155 billion as of March 31, 2026. This represents nearly the entirety of its total assets, which stood at $155.17 billion. The Trust's Net Assets were $155.11 billion, with a Net Asset Value (NAV) per Share of $423.34. For the six months ended March 31, 2026, the Trust experienced a net increase in Net Assets of $25.72 billion resulting from operations. This was driven by significant net realized and unrealized gains on its gold holdings, amounting to $26.02 billion, which more than offset the net investment loss and sponsor fees. The Trust's operations are characterized by the creation and redemption of Shares in exchange for gold, with substantial activity observed in both for the reporting period. The Trust continues to operate as a single segment, with its objective being to reflect the performance of the price of gold bullion.

This 8-K filing from SPDR Gold Trust (GLD) announces a key leadership change within its sponsor, World Gold Trust Services, LLC. Effective February 9, 2026, Joseph R. Cavatoni is stepping down as Principal Executive Officer of the Sponsor to focus on expanded responsibilities at the World Gold Council. His departure is not attributed to any disagreements regarding the Trust's operations or policies. Jonathan D. Spiegel has been appointed as the new Principal Executive Officer of the Sponsor. Mr. Spiegel brings a wealth of experience in ETF product development and fund management, having previously held senior roles at New York Life Investment Management, Goldman Sachs Asset Management, and Morgan Stanley Investment Management. His background suggests a strong understanding of investment products and market strategies relevant to GLD.

SPDR Gold Trust (GLD) reported a significant increase in Net Assets for the quarter ended December 31, 2025, driven by a substantial rise in the value of its gold holdings. Net Assets grew from $124.5 billion to $148.2 billion, reflecting the appreciation of gold prices during the period. This surge in asset value is primarily attributable to a significant unrealized gain on gold, indicating a favorable market environment for the precious metal. Investors should note that the Trust's performance is directly tied to the price of gold, and the reported period saw a strong positive correlation between gold price movements and the Trust's Net Asset Value per Share, which increased from $352.09 to $396.12.

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.

SPDR Gold Trust (GLD) reported substantial growth in its Net Assets for the nine months ending June 30, 2025, increasing from $73.7 billion to $100.6 billion. This growth was primarily driven by a significant increase in the fair value of its gold holdings, which rose from $73.7 billion to $100.9 billion, reflecting a strong upward trend in gold prices during the period. The Trust experienced substantial inflows of gold through share creations, totaling $35.4 billion, outpacing redemptions of $27.1 billion over the nine-month period. This indicates strong investor demand for gold exposure via the GLD ETF. Net income for the nine months ending June 30, 2025, reached $18.7 billion, a notable increase from $12.2 billion in the prior year's comparable period. This rise in profitability is largely attributable to the substantial unrealized gains on gold holdings, which amounted to $10.1 billion for the period. Investors in GLD benefit from this performance, as the ETF's Net Asset Value per Share increased significantly from $243.01 at the beginning of the period to $302.87 at the end. The Trust continues to operate with a consistent expense ratio of 0.40%, as the Sponsor absorbs ordinary expenses in exchange for the management fee.

SPDR Gold Trust (GLD) reported a significant increase in Net Assets for the quarter ended March 31, 2025, reaching $93.45 billion, up from $73.70 billion at the end of the previous fiscal year. This growth was primarily driven by a substantial increase in the market value of its gold holdings, which rose to $93.34 billion from $73.73 billion, reflecting an appreciation in gold prices. The Trust experienced robust activity in share creation and redemption, with net creations of 22,000,000 shares, translating to a net increase in the value of shares created and redeemed of $6.08 billion. This indicates strong investor demand for gold exposure through the Trust. Despite a net investment loss of $80.4 million for the quarter, the Trust's overall performance was boosted by significant unrealized gains on its gold holdings, leading to a reported net income of $14.27 billion for the three months ended March 31, 2025.

The SPDR Gold Trust (GLD) 10-Q filing for the period ending December 31, 2024, indicates a slight decrease in Net Assets from $73,704,147,000 to $73,215,075,000, primarily driven by a significant unrealized loss on its gold holdings. The Net Asset Value (NAV) per Share also saw a minor dip from $243.01 to $241.00. Operationally, the Trust experienced a net investment loss of $75,692,000 during the quarter, a direct result of sponsor fees. This loss was more than offset by substantial realized gains from gold distributed for share redemptions ($2,152,869,000), but a large unrealized loss on the gold portfolio $(-2,703,816,000)$ led to an overall net loss for the period. Investors should note that while the Trust aims to track the price of gold, its performance is directly tied to gold's market fluctuations and is subject to expenses. The filing also shows continued activity in share creation and redemption, with slightly more shares created than redeemed during the quarter.

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) has reported its financial results for the quarterly period ending June 29, 2024. The Trust's Net Assets significantly increased to $62.11 billion from $52.52 billion at the end of the prior fiscal year. This growth is primarily driven by a substantial increase in the fair value of its gold holdings, which rose to $62.13 billion from $52.54 billion, reflecting a positive trend in gold prices. The Net Asset Value (NAV) per share also saw a notable increase, reaching $215.58 compared to $173.51 in the prior year. The Trust experienced net creations of shares during the nine-month period, with redemptions exceeding creations in terms of value, resulting in a net decrease in the value of shares created and redeemed. Despite a net investment loss primarily due to sponsor fees, the significant gains from the change in unrealized value of gold holdings led to a substantial net income for the period. Investors should note that GLD's performance is directly tied to the price of gold, and the Trust does not engage in hedging activities.

SPDR Gold Trust (GLD) has filed an 8-K report to announce amendments to its governing agreements, aligning with the industry-wide shift to a T+1 (trade date plus one business day) settlement cycle, effective May 28, 2024. This change shortens the settlement period from the previous T+2 standard and impacts the creation and redemption procedures for the Trust. The amendments affect key agreements including the Trust Indenture, Allocated Bullion Account Agreement with HSBC, Unallocated Bullion Account Agreement with HSBC, and Participant Agreements. These adjustments are designed to ensure smooth operational transitions and continued compliance with evolving market standards for gold ETF transactions. Investors in GLD can anticipate a more immediate settlement of their trades going forward.

SPDR Gold Trust (GLD) reported its first quarter 2024 financial results, reflecting a significant increase in the value of its gold holdings driven by favorable market conditions. The Trust saw its Net Assets grow from approximately $52.5 billion at the end of the prior fiscal year to nearly $59.1 billion as of March 31, 2024. This appreciation is primarily due to a substantial unrealized gain on its gold investments, underscoring the Trust's role as a direct investment vehicle for gold bullion. Despite the increase in asset value, the Trust experienced a net decrease in the number of outstanding shares during the period, with redemptions exceeding creations. Expenses, primarily sponsor fees, remained a consistent factor, though the Trust effectively manages these by selling small amounts of gold. Investors should note that the Trust's performance is directly tied to the price of gold, and the reported figures reflect both realized and unrealized gains/losses on its gold holdings.

The SPDR Gold Trust (GLD) filed an 8-K on April 1, 2024, reporting a change in its leadership structure. Effective March 29, 2024, James Lam has stepped down from his positions as a member of the audit committee and board of directors of World Gold Trust Services, LLC, the sponsor of the Trust. This change is noted as not stemming from any disagreements regarding the Trust's operations, policies, or practices, which is a positive indicator of continuity and stability. For investors in GLD, this filing primarily signals a personnel change within the management entity responsible for the Trust. The absence of any stated disagreements suggests that this transition is expected to be smooth and should not materially impact the Trust's operational integrity or its investment objective of tracking the price of gold. Investors should continue to monitor the Trust's performance and any further announcements regarding board composition or sponsor management.

SPDR Gold Trust (GLD) reported strong performance for the quarter ending December 31, 2023, driven by a significant increase in the fair value of its gold holdings. The Trust's net assets grew to $58.27 billion, up from $52.52 billion at the end of the previous quarter. This growth was primarily fueled by a substantial unrealized gain on its gold investments, reflecting the rising price of gold. The Net Asset Value (NAV) per Share increased to $191.12 from $173.51, indicating positive returns for shareholders. Operationally, the Trust saw a net increase in shares outstanding due to higher creation activity compared to redemptions, signifying investor demand. Total expenses remained stable and are consistent with the Trust's expense ratio, which is managed to track the performance of gold bullion. The Trust continues to hold 100% allocated gold bullion, with no exposure to derivative instruments, aligning with its objective of providing direct market exposure to gold prices.

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.

This 8-K filing for SPDR Gold Trust (GLD) on September 12, 2023, primarily reports a significant change in its governance structure. World Gold Trust Services, LLC, the sponsor of GLD, has appointed James Lam to its Board of Directors and the Audit Committee, effective September 12, 2023. Mr. Lam brings extensive experience in risk management and corporate governance, having founded James Lam & Associates and held previous high-level positions at ERisk, Oliver Wyman, and Fidelity Investments. His expertise in enterprise risk management, coupled with a history of board leadership roles across various public and private companies, is expected to enhance the Sponsor's oversight and strategic direction. Investors may view this appointment as a positive step towards strengthening governance and risk oversight within the trust's operational framework.

SPDR Gold Trust (GLD) reported its financial results for the period ending June 30, 2023. The Trust's primary asset is gold bullion, and its investment objective is to mirror the performance of the gold price, net of expenses. As of June 30, 2023, the Trust held approximately 29,797.5 ounces of gold valued at $56.98 billion, an increase from $50.69 billion at September 30, 2022. This increase is largely attributable to a rise in the market price of gold. The Trust experienced a net investment loss of $59.1 million for the three months ended June 30, 2023, offset by significant net realized and unrealized gains on its gold holdings, resulting in a net loss of $2.08 billion for the quarter. However, for the nine months ended June 30, 2023, the Trust reported a net income of $6.77 billion, driven by substantial unrealized gains on its gold investments. The Trust's Net Asset Value (NAV) per share stood at $177.56 as of June 30, 2023, up from $155.69 at September 30, 2022. The total return for the nine months ended June 30, 2023, was 14.05% at NAV and 15.26% at market value. Investors should note that the Trust's performance is directly tied to the price fluctuations of gold. While the Trust's expenses are nominal (0.40% annually), they do have a cumulative effect on returns over time, as indicated by the slight divergence between share price/NAV and the gold price.

SPDR Gold Trust (GLD) reported strong performance for the six months ended March 31, 2023, driven by a significant increase in the fair value of its gold holdings. Net assets grew substantially to $59.05 billion from $50.49 billion at the end of the prior fiscal year. This growth was primarily fueled by a $8.46 billion unrealized gain on its gold investments, reflecting a positive trend in gold prices during the period. Despite managing expenses, the Trust's investment objective remains to mirror the price of gold, less operational costs, which were approximately 0.40% of average net assets. During the six-month period, the Trust saw net redemptions in terms of share volume, with 3.4 million fewer shares outstanding. However, the value of these redemptions was less than the value of creations, indicating an overall increase in the net asset value per share to $184.01 from $155.69. Investors should note that the Trust's performance is directly tied to the fluctuations in the global gold market, and while it offers a straightforward way to gain exposure to gold, it does not involve active management or hedging strategies.

The SPDR Gold Trust (GLD) filed an 8-K report on March 29, 2023, to announce a change in its governance structure. Specifically, Sara Sprung has departed from her roles as a member of the audit committee and board of directors of World Gold Trust Services, LLC, the sponsor of the Trust. This departure is stated to be amicable and not due to any disagreements concerning the Trust's operations, policies, or practices. For investors in GLD, this change in personnel at the sponsor level is generally considered routine and is not expected to have a direct impact on the Trust's investment objective or the value of the gold bullion it holds. The filing confirms that the sponsor's operations remain unaffected by this change, assuring continuity for the Trust.

This 8-K filing from SPDR Gold Trust (GLD) reports on amendments made to its Custodial Agreements. Specifically, the Allocated Bullion Account Agreement and the Unallocated Bullion Account Agreement have been amended to grant the Trustee, The Bank of New York Mellon, the flexibility to instruct HSBC Bank plc, the custodian, to transfer the Trust's gold to another custodian or accept gold from a new custodian via book entry. These changes are effective as of February 28, 2023. These amendments are significant for investors as they enhance the operational flexibility and risk management of the Trust. By allowing for easier transitions to alternative custodians, the Trust can better ensure the security and efficient management of its gold holdings, potentially mitigating risks associated with a single custodian and improving its ability to adapt to changing market or operational needs.

SPDR Gold Trust (GLD) reported its financial position for the quarter ending December 31, 2022. The Trust's primary asset is gold bullion, which is valued at $53.52 billion, an increase from $50.69 billion at the end of the previous quarter. This increase in gold value, driven by a net change in unrealized gains of over $3.9 billion, contributed to a substantial rise in Net Assets to $53.45 billion from $50.49 billion. During the quarter, GLD experienced net redemptions, with more shares being redeemed than created, resulting in a decrease in the number of outstanding shares to 317 million from 324.3 million. Despite these redemptions, the Net Asset Value (NAV) per Share increased to $168.62 from $155.69, reflecting the appreciation in the underlying gold price. Investors should note that while the Trust's NAV per Share saw a significant positive return of 8.30% for the quarter, the primary driver of performance is the movement in the spot price of gold, with GLD's expenses accounting for a minor drag.

This 8-K filing for SPDR Gold Trust (GLD) reports a change in its sponsoring entity's board. Specifically, Neal Wolkoff's term as a director of World Gold Trust Services, LLC, the Trust's sponsor, expired on January 1, 2023, and he will not be continuing in that role. This transition is stated to be amicable and not due to any disagreements regarding the Trust's operations, policies, or practices. For investors in GLD, this event is primarily an administrative and governance update. It does not directly impact the Trust's holdings of physical gold, its pricing mechanisms, or its operational objectives. The change in directorship at the sponsor level is a routine corporate governance matter and is not expected to have any material effect on the performance or structure of the SPDR Gold Trust itself.

SPDR Gold Trust (GLD) has announced a significant operational update through an 8-K filing on November 30, 2022. The primary development is the appointment of JPMorgan Chase Bank, N.A. (JPM) as a second custodian for the Trust's gold holdings, effective December 6, 2022. This move diversifies the custodial services for GLD, adding JPM's vaults in London, New York, and Zurich to the existing safekeeping provided by HSBC Bank plc. This expansion of custodial arrangements is intended to enhance the security and operational resilience of the Trust. The Trust Indenture, Participant Agreements, and Marketing Agent Agreement have all been amended to reflect JPM's new role. Investors should view this as a measure to strengthen the infrastructure supporting the physical gold backing of GLD, potentially reducing single points of failure and improving overall operational capacity.

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.

SPDR Gold Trust (GLD) has announced a key leadership change within its sponsor, World Gold Trust Services, LLC. On October 13, 2022, Amanda Krichman was appointed as the Principal Financial and Accounting Officer of the Sponsor. This role is critical for overseeing the financial and accounting operations that directly impact the Trust. Ms. Krichman brings a strong background in financial services, particularly within the exchange-traded fund (ETF) space. Her prior experience includes significant roles at Goldman Sachs Asset Management and New York Life Investments, where she was involved in registered fund services and ETF product development. Investors may find this appointment reassuring given her established expertise in managing financial and accounting functions for investment products. The change signifies continuity in experienced financial leadership for the Trust's operations.

The SPDR Gold Trust (GLD) reported its quarterly results for the period ending June 30, 2022. Total assets increased to $61.6 billion from $55.5 billion in the prior year, primarily driven by an increase in the fair value of its gold holdings. Net assets also saw a rise, reaching $61.3 billion compared to $55.5 billion in the prior year. The Trust experienced a net investment loss of $64.8 million for the quarter, a slight increase from $60.1 million in the same period last year. However, this was offset by a significant net realized and unrealized gain on its gold investments. For the nine months ended June 30, 2022, the Trust reported net income of $1.81 billion, a substantial turnaround from a net loss of $5.08 billion in the corresponding period of 2021. This swing is largely attributable to a significant increase in the net change in unrealized gains on its gold holdings.

SPDR Gold Trust (GLD) has filed an 8-K report to disclose an amendment to its Allocated Bullion Account Agreement. The key change is the removal of the Trust's obligation to comply with the rules of the London Precious Metals Clearing Limited (LPMCL). This amendment, effective April 29, 2022, was entered into by HSBC Bank plc (Custodian) and The Bank of New York Mellon (Trustee). This change is significant as it absolves GLD from adhering to LPMCL's confidential rules, to which the Trust itself is not a member. The Custodian, HSBC Bank plc, will continue to be bound by these rules. This amendment streamlines the operational requirements for the Trust without impacting the underlying physical gold holdings or the primary function of the GLD ETF.

The SPDR Gold Trust (GLD) reported strong growth in its net assets for the quarter ending March 31, 2022. Net assets increased to $68.13 billion from $55.46 billion at the end of the previous fiscal year. This growth was primarily driven by significant inflows of gold through share creations, which significantly outweighed redemptions. The Trust's investment in gold is valued at fair value and represents its primary asset, showing an appreciation in value during the period. Despite the increase in assets, investors should note that the Trust experienced a net investment loss due to sponsor fees. However, this was more than offset by substantial gains from unrealized appreciation on its gold holdings, leading to a net income of $3.92 billion for the quarter. The Trust's operational structure ensures that it holds no cash balances, as gold is sold to cover expenses, aligning its performance closely with the price of gold bullion, less fees.

SPDR Gold Trust (GLD) announced a change in its leadership structure via an 8-K filing on April 14, 2022. World Gold Trust Services, LLC, the sponsor of GLD, appointed two new members, Molly Duffy and Sarah J. Sprung, to its Board of Directors and Audit Committee. These appointments are effective as of April 11, 2022. The additions bring significant financial services and risk management expertise to the Sponsor's oversight. Ms. Duffy, with her extensive background in financial markets at Standard Chartered Bank and Credit Suisse, is expected to contribute to the strategic direction and governance of the Sponsor. Ms. Sprung, a seasoned professional with experience in portfolio management and risk oversight at firms like Moore Capital and Fortress Investment Group, will bolster the Audit Committee's capabilities, particularly in risk assessment and financial oversight. These appointments are not expected to directly alter GLD's investment objective or operations but signal a strengthening of the governance framework surrounding the Trust.

SPDR Gold Trust (GLD) has announced a change in its financial and accounting leadership. Brandon Woods has resigned from his position as Principal Financial and Accounting Officer of World Gold Trust Services, LLC (WGTS), the Trust's sponsor. This resignation is effective March 11, 2022, and importantly, it is stated that there were no disagreements related to the Trust's operations, policies, or practices that led to this departure. This suggests a smooth transition without underlying operational concerns. In response to Mr. Woods' resignation, WGTS has appointed Joseph R. Cavatoni, who currently serves as the Principal Executive Officer of WGTS, to also assume the role of interim Principal Financial and Accounting Officer. This appointment will also be effective from March 11, 2022. The dual role of Mr. Cavatoni is a measure to ensure continuity in financial and accounting oversight for the Trust.

SPDR Gold Trust (GLD) reported a net income of $2,346,648 for the three months ended December 31, 2021, a significant turnaround from a net loss of $51,127 in the same period of the previous year. This was primarily driven by a substantial increase in the net change in unrealized appreciation on its gold holdings, which rose to $2,093,694 from a depreciation of $1,659,393 in the prior year quarter. The Trust's net assets grew to $57,074,810 from $55,455,274 as of September 30, 2021, reflecting the appreciation in the fair value of its gold reserves. Despite the overall net income, the Trust experienced a net decrease in the number of shares outstanding and a net decrease in the value of shares created and redeemed during the quarter. While creations saw significant value, redemptions were substantially higher, resulting in a net outflow of value from the Trust. The Trust's assets consist entirely of gold bullion, valued at $57,093,938, with the underlying gold price performance being the primary driver of investor returns.

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.

The SPDR Gold Trust (GLD) reported a significant decrease in its Net Assets and the value of its gold holdings for the period ending June 30, 2021, compared to September 30, 2020. Total Assets dropped from $76.98 billion to $59.28 billion, primarily due to a reduction in the fair value and quantity of gold held. Concurrently, the number of outstanding shares decreased from 434.4 million to 359.1 million, and the Net Asset Value (NAV) per share declined from $177.15 to $165.03. This reflects a period of gold price depreciation, as indicated by the Net change in unrealized depreciation on investment in gold for the nine months ended June 30, 2021, which was a loss of $8.8 billion. Despite the decline in gold's value, the Trust's operational expenses, primarily sponsor fees, remained relatively stable quarter-over-quarter. The Trust continues to operate as an investment vehicle for gold, with its performance directly tied to the price of gold bullion. Investors should note the significant redemptions of shares during the nine-month period, which resulted in a substantial outflow of gold, and understand that the Trust's NAV is directly influenced by gold market fluctuations and accumulated expenses.

SPDR Gold Trust (GLD) reported a significant decrease in net assets and share count for the quarter ended March 31, 2021, compared to the previous fiscal year-end. Total assets and net assets fell from $76.98 billion and $76.95 billion respectively at September 30, 2020, to $56.41 billion and $56.39 billion at March 31, 2021. This decline is primarily attributed to substantial redemptions of shares, with over 116 million shares redeemed during the six-month period ending March 31, 2021, compared to creations of just over 38 million shares. The Trust experienced a net investment loss and a significant net change in unrealized depreciation on its gold holdings. For the six months ended March 31, 2021, the Trust reported a net loss of $7.34 billion, largely driven by an unrealized depreciation of $10.61 billion in the value of its gold investments, partially offset by realized gains from gold distributed for redemptions and gold sold to pay expenses. Investors should note that the Trust's performance is directly tied to the price of gold bullion, and the substantial unrealized depreciation reflects a decline in gold prices during the period.

SPDR Gold Trust (GLD) reported a decrease in Net Assets from $76,952,551,000 as of September 30, 2020, to $71,157,721,000 as of December 31, 2020. This decline is primarily attributed to significant redemptions of shares, with $8,558,030,000 worth of gold distributed for redemptions compared to $2,814,327,000 in creations during the three months ended December 31, 2020. Despite a substantial increase in the net change in unrealized depreciation on its gold investments, the Trust experienced a net loss of $51,127,000 for the quarter, a stark contrast to the net income of $1,017,503,000 in the prior year's comparable quarter. The Trust's holdings consist almost entirely of gold bullion, valued at $71,128,374,000 as of December 31, 2020. The significant net realized and change in unrealized gain/(loss) on investment in gold for the quarter was a negative $1,635,989,000, driven by a $1,659,393,000 decrease in unrealized appreciation, partially offset by realized gains from sales to pay expenses and redemptions. Investors should note the significant outflows through redemptions and the resulting decrease in the Trust's overall asset value.

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.

This 8-K filing for the SPDR Gold Trust (GLD) reports a change in the Principal Financial and Accounting Officer of its sponsor, World Gold Trust Services, LLC (WGTS). Laura Melman has departed from this role, with the company confirming it was not due to any disagreements regarding the Trust's operations, policies, or practices. This change is primarily administrative for the Trust's sponsor and does not directly impact the underlying gold holdings or the investment strategy of GLD.

The SPDR Gold Trust (GLD) 10-Q filing for the period ending June 30, 2020, reveals a significant increase in the Trust's assets and net asset value (NAV) compared to the previous year. Total assets grew from $44.17 billion to $67.02 billion, driven by a substantial appreciation in the value of its gold holdings. This surge is reflected in the NAV per Share, which increased from $140.00 to $166.16. The Trust experienced a significant net income of $5.29 billion for the quarter, a substantial rise from $2.75 billion in the prior year, largely due to a significant unrealized appreciation in its gold investments amidst market volatility. For the nine-month period ending June 30, 2020, the Trust saw a substantial increase in creations of Shares (89.2 million net shares) compared to the same period in the prior year (18.4 million net shares), indicating strong investor demand for gold as an asset. Despite increased sponsor fees, the Trust's net income for the nine months reached $8.65 billion, up from $5.37 billion in the prior year. The filing also addresses the impact of the COVID-19 pandemic, noting that while it has caused market volatility, it has not yet materially affected the Trust's operations.

The SPDR Gold Trust (GLD) reported a significant increase in its Net Assets from $43.96 billion at September 30, 2019, to $50.01 billion at March 31, 2020. This growth is primarily driven by a substantial appreciation in the value of its gold holdings, reflecting a strong upward trend in gold prices during the period. The Trust experienced net creations of shares, indicating increased investor demand for gold exposure. Despite the positive net asset growth and unrealized gains, investors should be aware of the trust's expense ratio and the inherent volatility of gold prices, which can be influenced by a wide range of global economic and geopolitical factors. The report also highlights the Trust's operational structure, emphasizing that it holds physical gold and its net asset value directly tracks the price of gold, less expenses. The impact of the COVID-19 pandemic is noted as a potential risk factor, introducing market volatility and operational uncertainties, although its material impact on the Trust's operations was not yet evident as of the reporting date. Investors should consider these factors when evaluating the current and future performance of GLD.

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.

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) reported a significant increase in its Net Assets for the period ending June 30, 2019, reaching $35.96 billion, up from $28.32 billion at the end of the prior fiscal year. This growth is primarily driven by a substantial unrealized appreciation in the value of its gold holdings, which rose to $36.14 billion from $28.33 billion. The Trust experienced a net income of $2.75 billion for the three months ended June 30, 2019, a significant turnaround from a net loss of $2.02 billion in the same period of the prior year, largely due to a strong positive change in the unrealized appreciation of gold. During the nine months ended June 30, 2019, the Trust saw increased activity in share creations and redemptions, with net creations totaling 18,400,000 shares valued at approximately $2.26 billion more than redemptions. This indicates growing investor interest or a net inflow of assets into the trust. Despite the overall positive financial performance driven by gold price appreciation, investors should note that the Trust's objective is to reflect the performance of gold bullion prices less expenses, and as such, the value of shares is directly tied to gold market volatility.

The SPDR Gold Trust (GLD) 10-Q filing for the period ending March 30, 2019, indicates a significant increase in the Trust's assets and net asset value per share compared to the previous fiscal year-end. Total assets grew from approximately $28.3 billion to $32.7 billion, with the Net Asset Value (NAV) per share rising from $112.35 to $122.34. This growth is primarily driven by an increase in the fair value of the Trust's gold holdings, reflecting a positive net change in unrealized appreciation of $2.6 billion for the six months ending March 31, 2019. For the three months ended March 31, 2019, the Trust reported a net income of $344.8 million, a decrease from $706.8 million in the same period of the prior year. This was influenced by a lower net realized and change in unrealized gain/(loss) on investment in gold. Despite this quarterly dip, the six-month period shows robust net income of $2.6 billion, significantly up from $1.0 billion in the prior year's comparable period. The Trust's operations continue to be directly tied to the price of gold, with no active management or hedging strategies employed.

SPDR Gold Trust (GLD) has filed an 8-K report on February 27, 2019, detailing changes in its Board of Directors. Aram Shismanian resigned from the Board of Directors of World Gold Trust Services, LLC (the Sponsor) effective February 25, 2019. Importantly, this resignation was not due to any disagreements regarding the Trust's operations, policies, or practices, which should provide comfort to investors. In a related move, the Sponsor appointed two new directors: David Tait and Carlos Rodriguez. David Tait, CEO of the World Gold Council, brings extensive experience in financial markets, including fixed income and asset management from prominent institutions like Credit Suisse and Goldman Sachs. Carlos Rodriguez, with a background in public finance, interest rate hedging, and proprietary investments from Merrill Lynch, WestLB AG, Deutsche Bank AG, and Credit Suisse, will also serve on the Audit Committee. These appointments bring significant financial expertise to the oversight of the Trust.

This 10-Q filing for SPDR Gold Trust (GLD) for the period ending December 30, 2018, reveals a significant increase in Net Assets, driven by a substantial rise in the value of its gold holdings. Total Assets grew from $28.3 billion to $32.4 billion, primarily due to an appreciation in the fair value of gold, which increased from $28.3 billion to $32.4 billion. This appreciation, coupled with a healthy net income of $2.28 billion for the quarter, led to a corresponding increase in Net Asset Value per Share from $112.35 to $121.16. The Trust experienced strong inflows of gold through share creations, with the value of creations ($3.21 billion) significantly outweighing redemptions ($1.36 billion) during the quarter. This indicates growing investor demand for gold exposure via the GLD ETF. Despite a modest net investment loss due to sponsor fees, the substantial gains in the value of gold more than compensated, resulting in robust overall performance. Investors should note that GLD's performance is directly tied to the price of gold, and the report highlights the Trust's strategy of holding physical gold without active management or hedging. The Trust maintains a simple operational structure with minimal liabilities, primarily consisting of sponsor fees, and it does not hold any cash, as expenses are settled by selling small amounts of gold. The filing confirms that GLD is not a shell company and its financial reporting is in accordance with U.S. GAAP.

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) reported its financial condition for the period ending June 30, 2018. The Trust's primary asset is its investment in gold, which decreased in fair value from $35,669,225,000 in September 2017 to $33,034,479,000 as of June 30, 2018. This decline reflects a significant unrealized depreciation in the value of its gold holdings during the period. Consequently, the Trust's Net Assets also decreased from $35,657,505,000 to $32,916,642,000, with the Net Asset Value (NAV) per Share falling from $121.91 to $118.45. Operationally, the Trust experienced a net loss of $2,020,347,000 for the three months ended June 30, 2018, largely driven by unrealized losses on its gold investment. The Trust's expense ratio remained stable at 0.40%. The number of outstanding shares also decreased significantly from 292,500,000 to 277,900,000 during the nine months ended June 30, 2018, indicating net redemptions. Investors should note the direct correlation between the Trust's performance and the price of gold, with its operations primarily focused on holding gold bullion.

The SPDR Gold Trust (GLD) reported its financial condition as of March 31, 2018. The Trust's primary asset is its investment in gold bullion, valued at $36.01 billion, representing 100.03% of its net assets. Total assets stood at $36.01 billion, with minimal liabilities of $12.16 million payable to the Sponsor. For the three months ended March 31, 2018, the Trust reported a net income of $706.78 million, a significant increase compared to the same period in the prior year, primarily driven by a substantial unrealized appreciation in the value of its gold holdings. The net asset value (NAV) per share increased to $125.53 from $121.91 at the end of the prior fiscal year. The Trust operates without holding any cash, as any operational expenses are covered by selling gold, minimizing non-gold assets.

This 8-K filing for SPDR Gold Trust (GLD) primarily reports a significant change in its executive leadership. World Gold Trust Services, LLC (WGTS), the Sponsor of GLD, has appointed Laura S. Melman as its new Chief Financial Officer (CFO) and Treasurer, effective February 28, 2018. This appointment coincides with the immediate resignation of the interim CFO and Treasurer, Joseph R. Cavatoni. Notably, Mr. Cavatoni's resignation is stated to be without any disagreement regarding the Trust's operations or policies, suggesting a planned transition.

The SPDR Gold Trust (GLD) reported its financial condition for the quarter ended December 31, 2017. The Trust's primary asset is investment in gold, valued at $34.91 billion, reflecting a slight decrease from $35.67 billion at the end of the prior quarter. Net assets stood at $34.898 billion, with 283.6 million shares outstanding. The Trust experienced a significant rebound in its Statement of Operations, reporting a net income of $319.75 million for the quarter, a stark contrast to a net loss of $4.92 million in the same period of the previous year. This positive shift was driven by a substantial increase in the net realized and change in unrealized gain/(loss) on investment in gold, which was $354.74 million compared to a loss of $4.88 million in the prior year period, primarily due to unrealized appreciation on its gold holdings.