IAU 10-Q Quarterly Reports

The iShares Gold Trust (IAU) reported a net increase in assets for the quarter ended March 31, 2026, driven primarily by a rise in the price of gold. Net assets grew to $70.6 billion from $68.4 billion at the end of 2025, with the Net Asset Value (NAV) per share increasing to $86.73 from $81.13. This growth reflects a 6.97% increase in the price of gold during the quarter, slightly outpacing the NAV growth due to the 0.25% annualized sponsor's fee. The Trust saw significant activity in its capital shares, with a net decrease in outstanding shares. While 23.65 million shares were issued, 52.4 million shares were redeemed, leading to a reduction in the total number of outstanding shares from 842.85 million to 814.1 million. The Trust's primary asset remains gold bullion, valued at $70.6 billion as of March 31, 2026. The Trust continues to operate as a passive investment vehicle, aiming to mirror the performance of gold prices.

The iShares Gold Trust (IAU) reported strong performance for the nine months ended September 30, 2025, with net assets increasing significantly by 79.49% from $32.96 billion to $59.15 billion. This growth was primarily driven by a substantial increase in the price of gold, which rose 46.52% during the period, coupled with a notable increase in outstanding shares as investors created new units in the Trust. The Trust's Net Asset Value (NAV) per Share experienced a robust gain, moving from $49.29 at the beginning of the period to $72.08 by September 30, 2025. This growth in NAV closely tracked the appreciation of gold prices, with only a minor reduction due to the Trust's sponsor fees. The primary driver of the Trust's performance remains its direct holding of gold bullion, which experienced significant unrealized appreciation. Significant share creation activity by Authorized Participants also contributed to the Trust's asset growth.

The iShares Gold Trust (IAU) reported a significant increase in its Net Asset Value (NAV) for the quarter and six months ended June 30, 2025, largely driven by a substantial appreciation in the price of gold. Total assets grew to $46.71 billion from $32.96 billion at the end of the previous year, reflecting a 41.70% increase in its gold bullion holdings. This surge is directly correlated with gold prices, which saw a notable rise during the period. Investor interest in IAU is demonstrated by the increase in outstanding shares, from 668.65 million at year-end 2024 to 753.40 million as of June 30, 2025. The Trust's operations generated a substantial net increase in assets, primarily due to unrealized gains from the appreciation of its gold holdings, alongside realized gains from gold sold to cover expenses and distributions for share redemptions. The Trust continues to operate with a low expense ratio, as the Sponsor covers most administrative costs.

The iShares Gold Trust (IAU) reported a significant increase in its Net Asset Value (NAV) for the quarter ending March 31, 2025, driven by a substantial rise in the price of gold. The Trust's NAV grew by 29.10% from $32,955,472,597 at the end of the prior year to $42,544,094,836. This performance is directly correlated with a 19.31% increase in the price of gold during the same period. The Trust also saw an increase in its outstanding shares, indicating investor demand for gold exposure through IAU. Operationally, the Trust generated a net increase in net assets of $6,550,636,621, primarily due to a large unrealized gain on its gold bullion holdings. The Trust's expenses, primarily sponsor fees, remained minimal at $22,812,750 for the quarter. Overall, the filing reflects a positive quarter for IAU, aligning with the upward trend in gold prices and demonstrating robust investor interest.

The iShares Gold Trust (IAU) reported substantial growth in its net assets for the nine months ending September 30, 2024, driven by a significant increase in the price of gold. Total assets grew to $31.32 billion from $26.42 billion at the end of 2023. This appreciation is largely reflected in the Net Asset Value (NAV) per Share, which rose to $49.68 from $39.03 year-to-date. Despite the positive performance in gold prices, the Trust experienced a decrease in the number of outstanding Shares, indicating more redemptions than creations during the period. Operationally, the Trust generated a substantial net increase in net assets due to operations, amounting to $6.84 billion for the nine-month period. This was primarily driven by a significant unrealized gain on its gold bullion holdings ($5.80 billion) and realized gains from gold distributed for share redemptions. The Trust's primary expense remains the Sponsor's fee, which was $52.67 million for the nine months. Investors should note that IAU's performance is directly tied to the price of gold, and while the current period shows strong gains, the Trust is subject to the inherent volatility and risks associated with gold price fluctuations.

The iShares Gold Trust (IAU) reported a net asset value (NAV) of $28.36 billion as of June 30, 2024, representing a significant increase from $26.42 billion at the end of 2023. This growth was primarily driven by a substantial rise in the price of gold, which increased by over 13% during the first six months of 2024. The trust's net assets resulting from operations also saw a considerable increase, largely due to unrealized appreciation in the value of its gold bullion holdings. During the period, the Trust experienced a net decrease in the number of outstanding shares, as redemptions outpaced creations. Despite this, the overall value of the trust's assets grew substantially, reflecting positive performance in the gold market. The trust's expenses are minimal, consisting mainly of the Sponsor's fee, which is set at 0.25% of the net asset value.

The iShares Gold Trust (IAU) reported an increase in its Net Asset Value (NAV) for the quarter ended March 31, 2024, driven primarily by a rise in the price of gold. The Trust's total assets increased to $27.56 billion, with the value of its gold bullion holdings appreciating significantly. Net assets saw a substantial increase of $1.87 billion resulting from operations, largely due to unrealized gains on gold bullion. Despite the positive operational results, the Trust experienced a net decrease in outstanding shares as redemptions (24.05 million shares) outpaced creations (4.95 million shares). The Trust maintained its passive investment strategy, aiming to mirror the performance of gold prices before expenses. Expenses remain minimal, primarily consisting of the Sponsor's fee, which is set at an annualized rate of 0.25% of NAV.

This 10-Q filing for iShares Gold Trust (IAU) for the period ending September 29, 2023, indicates a net decrease in net assets of $2.93 billion for the quarter, primarily driven by a significant net decrease in shares outstanding due to redemptions exceeding creations. The Trust's net asset value (NAV) per share decreased by 2.24% to $35.42 during the quarter, mirroring a 2.18% decrease in the price of gold. For the nine-month period, the Trust experienced a net increase in net assets of $2.12 billion, with NAV per share rising by 3.03% to $35.42, supported by an increase in the price of gold. The Trust's holdings are solely gold bullion, valued at $24.66 billion as of September 30, 2023. Key financial metrics show a decrease in total assets from $26.16 billion at year-end 2022 to $24.66 billion at the end of the reported quarter. The number of shares outstanding also decreased from 760.7 million at year-end 2022 to 696.1 million at the end of the quarter. The Trust's primary expense is the Sponsor's fee, which amounted to $17.07 million for the quarter and $51.70 million for the nine-month period. Despite the quarterly decrease in NAV, the nine-month performance reflects a positive return, influenced by gold price movements and share transactions.

The iShares Gold Trust (IAU) reported its financial results for the quarter and six months ended June 30, 2023. For the six-month period, the Trust saw a net increase in its assets, driven by a rise in the price of gold and an increase in outstanding Shares. The net asset value (NAV) per Share grew to $36.23 from $34.38 at the start of the year. This growth was primarily attributed to an $1.11 billion increase in the fair value of its gold bullion holdings, alongside net realized gains and contributions from new Shares. However, the three-month period ending June 30, 2023, showed a net decrease in assets and NAV per Share, falling to $36.23 from $37.53 at the end of March. This decline was predominantly due to a 3.41% drop in the price of gold during the quarter. Despite this, the Trust maintains substantial holdings of physical gold bullion, valued at $27.59 billion as of June 30, 2023, and continues to operate with minimal expenses beyond the sponsor's fee.

This 10-Q filing for the iShares Gold Trust (IAU) for the quarter ended March 31, 2023, reveals a significant increase in the Trust's net assets, driven by a rise in the market price of gold. The Trust's net asset value (NAV) grew by 8.11% during the quarter, from $26.15 billion to $28.28 billion, reflecting a 9.23% increase in the LBMA Gold Price. This performance, while positive, was partially offset by a net decrease in the number of outstanding Shares, as redemptions exceeded creations. Investors should note that while the Trust aims to mirror the performance of gold prices, a small Sponsor's fee is deducted, slightly dampening the overall return compared to the raw commodity price. The Trust's primary asset is gold bullion, valued at approximately $28.28 billion as of March 31, 2023. The Trust operates as a passive investment vehicle, and its liquidity is directly tied to the market price of gold. All operations and financial reporting are conducted in accordance with U.S. GAAP.

The iShares Gold Trust (IAU) 10-Q filing for the period ending September 29, 2022, reveals a decline in the Trust's Net Asset Value (NAV) due to a decrease in the price of gold. The NAV fell by 13.62% in the third quarter and 10.40% year-to-date. This was primarily driven by a 7.99% drop in the LBMA Gold Price during Q3 and an 8.15% decrease year-to-date. Despite the overall decline in gold prices, the Trust experienced significant activity in its Shares. In the third quarter, redemptions exceeded creations, leading to a net decrease of 54,400,000 Shares. The Trust's primary expense remains the Sponsor's fee, which is set at an annualized rate of 0.25% of the net asset value. Investors should note that the value of IAU is directly tied to the price of gold, and the fund's performance is subject to the volatility and risks associated with the gold market.

The iShares Gold Trust (IAU) 10-Q filing for the period ending June 30, 2022, indicates a decrease in Net Asset Value (NAV) per Share, primarily driven by a decline in the price of gold. The Trust's total assets, valued at $29.8 billion, decreased slightly from the prior year-end, reflecting a decrease in the fair value of its gold bullion holdings. Despite the price dip, the Trust experienced an increase in the number of outstanding shares during the six-month period, suggesting continued investor interest and creation of new shares, although redemptions also occurred. The primary driver of the NAV decrease during the quarter was the decline in the LBMA Gold Price, which fell by 6.44%. For the six-month period, the gold price saw a smaller decrease of 0.17%, but the overall NAV performance was negatively impacted by unrealized losses on gold bullion. Investors should note that IAU is a passive investment vehicle designed to track the price of gold, meaning its performance is directly correlated with gold market fluctuations, and it incurs a sponsor's fee of 0.25% annually.

The iShares Gold Trust (IAU) reported a strong first quarter of 2022, with its Net Asset Value (NAV) increasing by 12.28% from $28.72 billion to $32.25 billion between December 31, 2021, and March 31, 2022. This growth was primarily driven by an increase in the price of gold, which rose by 6.71% during the quarter, alongside a significant increase in outstanding shares, indicating robust investor demand. The Trust saw a substantial net increase in its assets resulting from operations, largely due to a significant unrealized gain on its gold bullion holdings. For investors, the report highlights the direct correlation between the Trust's performance and the price of gold. The increase in NAV and share count suggests positive investor sentiment towards gold as an asset class during the quarter. While the Trust generated a net investment loss due to sponsor fees, the substantial unrealized appreciation in the value of its gold holdings more than offset this. The Trust continues to operate as a passive investment vehicle, with its primary expense being the sponsor's fee, which remains consistent.

The ISHARES GOLD TRUST (IAU) 10-Q filing for the period ending September 29, 2021, reveals a decline in the Trust's Net Assets and Net Asset Value (NAV) per Share compared to the prior year and prior quarter. This decline is primarily attributed to a decrease in the price of gold, which fell by approximately 7.84% during the nine-month period. While the Trust holds gold bullion valued at $27.91 billion as of September 30, 2021, this represents a decrease from $31.92 billion at the end of 2020. The Trust experienced a net decrease in net assets from operations of $2.60 billion for the nine months ended September 30, 2021, largely due to unrealized losses on its gold bullion holdings. Despite this, the Trust continues to operate as a passive investment vehicle seeking to track the price of gold, with its primary expense being the Sponsor's fee. Investors should note the impact of gold price fluctuations on the Trust's performance and the slight NAV decrease exceeding the gold price decrease due to expenses.

This filing for iShares Gold Trust (IAU) covers the quarterly period ending June 30, 2021. The Trust's net assets decreased by approximately 10.36% during the first six months of 2021, from $31.9 billion at the beginning of the year to $28.6 billion by the end of the quarter. This decline was primarily driven by a decrease in the price of gold, which fell by 6.77% during the same period. The Trust experienced a net decrease in outstanding shares, indicating more redemptions than creations of its units. The Sponsor's fee, set at 0.25% annually, represented the primary expense for the Trust. Despite the overall decrease in net assets due to market conditions, the Trust continued to operate as a passive vehicle designed to track the price of gold.

The iShares Gold Trust (IAU) reported a decrease in net assets of $4.525 billion for the three months ended March 31, 2021, bringing the total net assets to $27.393 billion. This decline was primarily driven by a significant unrealized loss of $3.619 billion due to a decrease in the market price of gold, which fell by approximately 10.58% during the quarter. Despite the decrease in gold prices, the Trust generated net realized gains from gold bullion sold to cover expenses and distributed for share redemptions, amounting to approximately $258 million. The number of outstanding shares also decreased by approximately 70.2 million during the quarter due to higher redemptions than issuances, reflecting investor sentiment and market conditions. For investors, the key takeaway is the direct correlation between the Trust's performance and the price of gold. The substantial unrealized loss underscores the volatility inherent in gold investments. While expenses remain low, primarily consisting of a 0.25% Sponsor's fee, the Trust's value is overwhelmingly influenced by external market forces affecting the price of gold. The upcoming one-for-two reverse stock split effective May 24, 2021, is a structural change that will not impact the Trust's overall net asset value but will double the share price and halve the number of shares outstanding.

The iShares Gold Trust (IAU) reported substantial growth in its net assets for the period ending September 30, 2020. Driven by a significant increase in the price of gold and a corresponding rise in outstanding Shares, the Trust's net assets grew by 78.29% from $17.6 billion at the start of the nine-month period to $31.4 billion by the end of September 2020. This growth reflects strong investor demand for gold as a safe-haven asset, particularly amidst global economic uncertainties. The Trust successfully issued a substantial number of new Shares while redemptions remained relatively lower, indicating positive net inflows into the Trust. The Trust's performance closely mirrors the movement of gold prices, with its Net Asset Value (NAV) per Share increasing by 23.63% over the nine months, aligning with a 23.89% rise in gold prices during the same period.

The iShares Gold Trust (IAU) reported a significant increase in its Net Asset Value (NAV) for the period ending June 30, 2020. Driven by a substantial rise in the price of gold, the Trust's NAV grew by 28.13% during the second quarter of 2020 and by 46.99% over the first six months of the year. This strong performance is primarily attributable to the appreciation of its sole asset, gold bullion, which saw its fair value increase significantly due to market conditions. The Trust experienced notable activity in its shares, with a net increase in outstanding shares driven by substantial contributions for new shares issued, outweighing redemptions. Despite the overall growth, the Trust's performance slightly lagged the raw increase in gold prices due to the accrual of sponsor's fees, which represent the primary operating expense. The report also highlights the ongoing impact of the COVID-19 pandemic, noting potential disruptions to gold supply chains and market volatility, although the Trust's operations remained effective through the period.

The iShares Gold Trust (IAU) reported a significant increase in net assets for the first quarter of 2020, ending March 31, 2020, with net assets reaching $20.22 billion, up from $17.63 billion at the end of 2019. This growth was driven by a substantial increase in the price of gold, which rose by 5.64% during the quarter, and a net increase in outstanding Shares due to new Share creations exceeding redemptions. The Trust's Net Asset Value (NAV) per Share also increased to $15.37 from $14.56. The Trust's primary asset is gold bullion, valued at $20.23 billion at quarter-end, reflecting the strong performance of gold prices during this period, which was influenced by broader economic uncertainties and the onset of the COVID-19 pandemic. Operationally, the Trust generated a net increase in net assets of $970.84 million, primarily from a significant unrealized gain on its gold bullion holdings ($831 million) and realized gains from Share redemptions and expense payments. Sponsor's fees, the Trust's main expense, amounted to $11.82 million for the quarter. The Trust highlighted the concentration risk due to its sole investment in gold bullion and noted the potential impact of public health emergencies like COVID-19 on its operations and the gold market.

This 10-Q filing for iShares Gold Trust (IAU) for the period ending September 29, 2019, indicates a significant increase in the Trust's net assets, driven by a rise in the price of gold and substantial inflows of new shares. The Trust's investment in gold bullion increased from $11.55 billion at the end of 2018 to $16.36 billion by the end of the third quarter of 2019. This growth was primarily fueled by strong investor demand, evidenced by the creation of over 312 million new shares during the nine-month period. The net asset value per share also saw a healthy increase, rising from $12.28 at the start of the year to $14.20 by September 30, 2019. The Trust's primary expense is the Sponsor's fee, which is set at an annualized rate of 0.25% of the net asset value. Despite this fee, the Trust's performance closely tracked the price of gold, with a 15.64% total return on net asset value for the first nine months of 2019. Investors should note that the Trust is a passive investment vehicle that holds physical gold bullion, and its performance is directly tied to the fluctuations in the price of gold.

The iShares Gold Trust (IAU) reported its financial results for the period ending June 29, 2019. The Trust experienced a significant increase in its Net Asset Value (NAV) driven by a rise in the price of gold. For the six months ended June 30, 2019, the Trust's NAV grew by 15.61%, from $11.54 billion to $13.35 billion, largely due to a 9.94% increase in the price of gold. This performance was further supported by net creations of Shares, indicating investor interest. Operationally, the Trust generated a net increase in assets of over $1.13 billion for the six-month period, primarily from unrealized gains on its gold bullion holdings and realized gains from distributions and sales for expenses. Despite a net investment loss due to sponsor fees, the overall operational performance was strongly positive. The Trust's structure as a passive investment vehicle focused on reflecting gold's performance means its financial results are directly tied to gold price movements and investor inflows/outflows.

The iShares Gold Trust (IAU) reported an increase in its Net Asset Value (NAV) for the quarter ending March 31, 2019. The Trust's total assets grew to $12,556,331,670 from $11,544,738,146 at the end of the previous year, primarily driven by an increase in the price of gold and significant share creation activity. During the quarter, 85.5 million Shares were created and 13.35 million Shares were redeemed, resulting in a net increase in outstanding shares and a corresponding rise in the Trust's assets under management. Despite a net investment loss, the Trust experienced a net increase in assets resulting from operations, largely due to unrealized appreciation in the value of its gold bullion holdings. The Sponsor's fee of 0.25% per annum continues to be the primary expense, slightly dampening the NAV growth relative to the gold price increase. For investors, the report indicates a positive trend in the Trust's value, reflecting the performance of gold prices during the period, with continued robust activity in the creation and redemption of Shares.

This 10-Q filing for the iShares Gold Trust (IAU) for the period ending September 30, 2018, reveals a decrease in Net Asset Value (NAV) per Share, primarily driven by a decline in the price of gold during the quarter. The Trust holds gold bullion valued at $10,214,299,135, which represents nearly all of its assets. Despite a net increase in Shares issued and outstanding for the nine-month period, the overall performance was negatively impacted by the market price of gold. Investors should note the ongoing Sponsor's fee of 0.25% annually, which contributes to the NAV decline relative to the gold price. The Trust's operations for the nine months ended September 30, 2018, show a significant net decrease in assets due to operations, largely driven by a substantial unrealized loss on gold bullion ($1,023,390,704). While there were net realized gains from gold distributed for redemptions and sold to cover expenses, these were not enough to offset the unrealized depreciation. The fund continues to operate as a passive investment vehicle, aiming to mirror the price of gold, with Shares created and redeemed in-kind using gold bullion.

This filing covers the iShares Gold Trust (IAU) for the quarter ending June 30, 2018. The Trust's net assets decreased to $10.80 billion from $10.15 billion at the end of 2017. This decline was primarily driven by a significant unrealized loss on gold bullion, reflecting a decrease in the market price of gold during the period. Despite the overall decrease in net assets, the Trust saw an increase in the number of outstanding shares due to more share creations than redemptions. Investors should note that the Trust's performance is directly tied to the price of gold. The period was characterized by a weakening gold price, leading to a decline in the Trust's net asset value per share. While the Trust experienced net investment losses and significant unrealized depreciation, it also generated realized gains from gold distributed for share redemptions and gold sold to cover expenses. The primary expense remains the Sponsor's fee.

The iShares Gold Trust (IAU) reported a net asset value of $11.55 billion as of March 31, 2018, a notable increase from $10.15 billion at the end of 2017. This growth was driven by both an increase in outstanding shares, reflecting strong investor inflows, and a rise in the price of gold during the quarter. The Trust's net asset value per share also increased to $12.71 from $12.45, mirroring the appreciation in gold prices. The Trust's operations for the first quarter of 2018 resulted in a net increase in assets of approximately $201.2 million. This increase was primarily attributable to a significant unrealized gain on its gold bullion holdings, partially offset by sponsor fees. The Trust operates as a passive investment vehicle, aiming to track the price of gold, and its primary source of liquidity remains its holdings of gold bullion.

For the nine months ended September 30, 2017, iShares Gold Trust (IAU) reported a significant increase in net assets, growing by approximately 29% from $7.31 billion to $9.43 billion. This growth was driven by a substantial increase in the Trust's net asset value (NAV) per share, which rose by 10.70% in conjunction with a corresponding increase in the price of gold. The Trust experienced substantial inflows of capital through the creation of new shares, indicating strong investor demand for gold exposure. Despite a net investment loss due to ongoing operational expenses, the overall gains from the appreciation of gold bullion significantly outweighed these costs, resulting in positive returns for investors. The Trust's financial position remains robust, primarily holding gold bullion valued at fair market prices.

This 10-Q filing for iShares Gold Trust (IAU) for the period ending June 30, 2017, shows a significant increase in the Trust's net assets and the value of its gold bullion holdings compared to the previous year. The Trust's net assets grew from $7.31 billion at the end of 2016 to $8.40 billion by mid-2017. This growth was driven by both an increase in outstanding shares, indicating investor demand, and a rise in the market price of gold during the first half of the year. The Trust operates as a passive investment vehicle, aiming to mirror the performance of gold prices, and its primary asset is gold bullion. Expenses are minimal, largely consisting of a sponsor's fee, as other administrative costs are assumed by the sponsor. The filing highlights the valuation of gold based on the LBMA Gold Price PM and details the mechanism for issuing and redeeming shares, which are conducted in exchange for physical gold rather than cash.

The iShares Gold Trust (IAU) reported a strong first quarter in 2017, with net assets increasing by 9.40% from $7.31 billion to $7.99 billion by March 31, 2017. This growth was primarily driven by a significant increase in the price of gold, which rose by 7.40% during the quarter. The Trust also saw an increase in outstanding shares, reflecting investor demand. Despite the appreciation in gold prices, the Trust experienced a net investment loss due to sponsor fees, though this was more than offset by substantial realized and unrealized gains on its gold bullion holdings. For investors, the key takeaway is the Trust's direct correlation to gold prices, with the reported gains largely mirroring the upward movement in the precious metal. The Trust's structure as a passive investment vehicle means its performance is a direct reflection of gold market dynamics. While sponsor fees represent an ongoing expense, the substantial unrealized appreciation highlights the potential for capital appreciation in periods of rising gold prices. The Trust's liquidity remains tied to the creation and redemption of shares through Authorized Participants, which is facilitated by gold bullion exchanges.

iShares Gold Trust (IAU) reported significant growth in its net assets for the nine months ended September 30, 2016, driven by a substantial increase in the price of gold and a corresponding rise in outstanding Shares. The Trust's net asset value grew by approximately 85% to $9.64 billion, with net asset value per Share increasing by 24.29% to $12.74. This performance was primarily fueled by a 24.50% increase in the LBMA Gold Price PM, reflecting a strong market for gold during the period. The Trust saw substantial inflows of gold bullion through the creation of new Shares, indicating investor demand for gold exposure via the IAU ETF. Despite a net investment loss due to sponsor fees, the significant unrealized gains from the appreciation of gold bullion more than offset these costs, resulting in a substantial net increase in net assets from operations.

This filing for the iShares Gold Trust (IAU) for the period ending June 30, 2016, indicates a substantial increase in the Trust's assets, primarily driven by a significant rise in the price of gold during the first half of the year. The net asset value per share saw a considerable gain, reflecting the positive performance of gold bullion. The Trust experienced substantial inflows of shares, suggesting increased investor demand for gold exposure through this vehicle, while redemptions remained comparatively lower. Operating expenses for the Trust remain minimal, largely consisting of the Sponsor's fee, as other administrative costs are borne by the Sponsor. The Trust's performance is directly tied to the price of gold, and investors should note the concentration risk associated with this single commodity. The period demonstrated strong positive returns for IAU, aligning with the upward trend in gold prices.

The iShares Gold Trust (IAU) reported a significant increase in net assets for the quarter ended March 31, 2016, primarily driven by a substantial rise in the price of gold and an increase in the number of outstanding shares. The Trust's net asset value grew by 42.21% to $7.41 billion, with net asset value per share increasing from $10.25 to $11.93. This performance reflects the strong positive trend in gold prices during the period, which saw a 16.45% increase. Key operational figures show a net increase in assets from operations of $937.9 million, largely attributable to a substantial unrealized gain on its gold bullion holdings. The Trust experienced significant share creation activity, with 140.95 million new shares issued compared to 28.2 million redeemed, indicating strong investor demand. Despite a nominal net investment loss due to sponsor fees, the overall operational gains and capital inflows resulted in robust growth for the Trust.

The iShares Gold Trust (IAU) 10-Q filing for the period ending September 30, 2015, indicates a decline in the Trust's net assets and net asset value per share during the third quarter. This decrease is primarily attributed to a decline in the LBMA Gold Price PM, which fell by 4.87% from the previous quarter. The Trust's total assets decreased from $6,214,710,000 at December 31, 2014, to $5,753,973,000 at September 30, 2015. Net asset value per share also decreased from $11.61 at year-end 2014 to $10.76 at the end of the third quarter of 2015. Operational performance for the nine months ended September 30, 2015, showed a net decrease in net assets of $489,957,766. This was driven by a net investment loss and a significant net change in unrealized depreciation of the gold bullion. Despite a net decrease in outstanding shares over the period, the primary driver of the NAV decline was the decrease in the spot price of gold. Investors should note the ongoing management of the benchmark used for gold price valuation, with a transition from the London PM Fix to the LBMA Gold Price PM in March 2015, and the associated risk factors discussed.

The iShares Gold Trust (IAU) reported its financial results for the period ending June 30, 2015. During this quarter, the Trust saw an increase in its net asset value, primarily driven by an increase in the number of outstanding Shares. However, this growth was partially offset by a decline in the LBMA Gold Price PM. The Trust's assets consist almost entirely of gold bullion, exposing investors to the price fluctuations of this commodity. The Trust's operational performance for the quarter reflected a net investment loss due to sponsor fees, coupled with a net realized and unrealized loss on its gold holdings. The Trust continues to operate as a passive investment vehicle, aiming to mirror the price of gold, with its shares being created and redeemed in large blocks by authorized participants through exchanges of gold bullion.

The iShares Gold Trust (IAU) reported its financial results for the quarter ending March 31, 2015. During this period, the Trust saw an increase in its net asset value from $6.21 billion to $6.29 billion, driven primarily by an increase in outstanding shares due to creations exceeding redemptions. However, the net asset value per share experienced a slight decline from $11.61 to $11.48, reflecting a modest decrease in the price of gold during the quarter. The Trust's operations resulted in a net decrease in net assets of approximately $81.5 million. This was largely due to a significant net change in unrealized depreciation of gold bullion amounting to over $77 million, which was partially offset by a net realized gain from gold sales to cover expenses and distributions for share redemptions. The primary expense recognized was the Sponsor's fee, amounting to nearly $4 million.

The iShares Gold Trust (IAU) reported its financial results for the period ending September 30, 2014. The Trust's net asset value (NAV) experienced a decrease of 8.80% during the third quarter, primarily driven by a 7.49% decline in the London fix price of gold. Despite the overall decrease in NAV, the Trust saw a slight increase in its net asset value per share of 1.28% for the first nine months of the year, correlating with a 1.25% rise in the gold price over the same period. The Trust's financial reporting transitioned to an investment company accounting standard effective January 1, 2014, impacting how gold bullion is valued and how unrealized gains and losses are recognized. Key operational aspects include the Sponsor's fees, which are the Trust's primary expense, amounting to $4.3 million for the quarter and $12.7 million for the nine-month period. The Trust continues to operate as a passive investment vehicle, aiming to reflect the performance of gold prices, with shares issued and redeemed in physical gold rather than cash. A significant development noted is the ongoing changes in the administration of the London gold fix benchmark, which could potentially impact gold price discovery and, consequently, the value of IAU shares.

iShares Gold Trust (IAU) reported strong performance for the six months ended June 30, 2014, with its Net Asset Value (NAV) increasing by 11.06% to approximately $6.96 billion. This growth was primarily driven by a 9.45% increase in the price of gold, as measured by the London fix price. The Trust transitioned to investment company accounting standards effective January 1, 2014, resulting in gold bullion being valued at fair value and unrealized gains/losses being reported on the Income Statement. This change also led to Shares being classified as Shareholders' Equity, rather than Redeemable Capital Shares. For the quarter ended June 30, 2014, the Trust's NAV increased by 1.53%, also largely attributed to a rise in gold prices. Despite these gains, investors should be aware of ongoing considerations regarding the administration of the London gold fix, which is a critical benchmark for gold pricing and Trust operations. Any perceived disruption could impact the value of Shares.

The iShares Gold Trust (IAU) reported a net asset value (NAV) of $6.86 billion as of March 31, 2014, representing a 9.38% increase from the prior quarter. This growth was primarily driven by a 7.51% rise in the price of gold, as reflected by the London PM Fix. The Trust experienced an increase in outstanding Shares, with 16 million Shares created and 6.3 million redeemed during the quarter. Operationally, the Trust benefited from significant unrealized appreciation on its gold bullion holdings, contributing to a net income of $463.3 million for the quarter. Expenses were minimal, mainly consisting of sponsor fees, which amounted to $4.18 million. Notably, effective January 1, 2014, the Trust adopted investment company accounting standards, leading to changes in how gold bullion is valued and how Shareholder's equity is presented.

The iShares Gold Trust (IAU) 10-Q filing for the period ending September 30, 2013, reveals a substantial increase in the Trust's net asset value during the third quarter, primarily driven by a nearly 11.3% rise in the price of gold as measured by the London PM Fix. Despite this positive performance in gold prices, the Trust experienced a net decrease in its overall asset value for the first nine months of 2013, a trend attributed to a significant drop in gold prices in the earlier part of the year. The Trust's net asset value per share, while still reflecting the volatility of gold, closely tracked the movement of the commodity. Investors should note that the Trust's expenses, mainly Sponsor's fees, slightly impacted the net asset value per share's performance relative to the gold price. Shareholder activity during the period showed net redemptions, with more shares being redeemed than issued, leading to a decrease in the total number of outstanding shares. The Trust's operational structure remains focused on its objective of mirroring the price of gold, less expenses, with gold bullion as its sole asset. The filing highlights the Trust's reliance on the London PM Fix for valuation and confirms no significant changes in risk factors or legal proceedings.

The iShares Gold Trust (IAU) 10-Q filing for the period ending June 30, 2013, reveals a significant decline in the Trust's net asset value and a substantial decrease in outstanding shares. The primary driver for these changes was a sharp drop in the price of gold, as measured by the London PM Fix, which fell by 25.42% during the quarter. This decline in gold prices led to a decrease in the Trust's net asset value per share and a corresponding increase in share redemptions by investors seeking to exit their positions. Despite the challenges presented by the falling gold market, the Trust maintained its core operational structure. The Sponsor's fees remained a relatively small expense compared to the overall asset value. The filing also details the accounting treatment for gold bullion, emphasizing the lower of cost or market valuation method and the use of a market value reserve to account for unrealized losses. Investors should note the continued concentration risk associated with gold bullion holdings and the Trust's passive investment strategy.

This filing for the iShares Gold Trust (IAU) for the quarter ending March 31, 2013, indicates a decline in the Trust's net asset value, primarily driven by a decrease in the price of gold. The net asset value per share decreased by 3.96% to $15.54, mirroring the 3.95% drop in the London PM Fix price for gold. This decline, while significant, was slightly exacerbated by the Trust's operational expenses, specifically the Sponsor's fees, which represented approximately 0.06% of the average weighted assets during the quarter. Despite the decrease in the value of its gold holdings, the Trust generated a substantial net income of $144.99 million, largely due to significant gains realized on gold distributed for share redemptions. The Trust experienced a net decrease in outstanding shares, with redemptions exceeding creations, reflecting investor sentiment during the period. The Trust continues to operate as a passive investment vehicle, with its Shares designed to track the price of gold, less expenses.

This 10-Q filing for the iShares Gold Trust (IAU) for the period ending September 30, 2012, highlights a significant increase in the Trust's net asset value, driven by both rising gold prices and an increase in the number of outstanding shares. The Trust reported substantial growth in its gold bullion inventory and redeemable capital shares, reflecting strong investor interest in gold as an asset during this period. The filing also details the operational aspects of the Trust, emphasizing its passive investment strategy focused on mirroring the price of gold, less expenses. Key financial performance metrics show a healthy increase in net income compared to the previous year, largely due to gains on gold distributions for share redemptions and sales to cover expenses. The Trust's expense structure remains lean, dominated by the Sponsor's fees, with other administrative costs covered by the Sponsor. Investors should note the inherent concentration risk associated with holding primarily gold bullion, making the Trust's performance directly tied to gold price fluctuations.

The iShares Gold Trust (IAU) 10-Q filing for the period ending June 30, 2012, reports on the Trust's performance and financial condition. The Trust's primary asset is gold bullion, and its objective is to mirror the price of gold, less expenses. During the second quarter of 2012, the Trust experienced a decrease in net asset value primarily due to a decline in the London PM Fix price for gold, which fell by 3.85%. This led to a 3.89% decrease in the net asset value per Share. Despite the market's downward movement in gold prices during the quarter, the Trust saw an increase in outstanding Shares, indicating continued investor interest in gold exposure through this vehicle.

The iShares Gold Trust (IAU) 10-Q filing for the period ending March 31, 2012, indicates a strong performance driven by an increase in the price of gold and a growth in outstanding shares. The Trust's net asset value (NAV) saw a significant increase of 14.80%, rising from $8.42 billion to $9.66 billion, largely due to an 8.59% increase in the London PM Fix price of gold. The number of outstanding shares also grew by approximately 5.9%, reflecting net creations of shares. Despite the positive movement in gold prices, the Trust reported a net income of $16.99 million for the quarter, a substantial decrease from $96.02 million in the same period of the previous year. This reduction is primarily attributable to a much lower gain on gold distributed for share redemptions compared to the prior year, alongside ongoing sponsor fees. Investors should note that the Trust's performance is directly tied to the price of gold, and its primary expense is the sponsor's fee.

The iShares Gold Trust (IAU) 10-Q filing for the period ending September 30, 2011, reveals significant growth in the Trust's net asset value, primarily driven by a substantial increase in the price of gold and a corresponding rise in outstanding Shares. The Trust's objective is to track the price of gold, and during this quarter, it successfully reflected this trend, with its Net Asset Value (NAV) per Share increasing by approximately 7.55% in the third quarter of 2011. For the first nine months of 2011, the Trust experienced an even more robust increase in NAV per Share, growing by about 15.07%, mirroring the strong performance of gold. The Trust's financial performance was largely influenced by the gains on gold distributed for Share redemptions, offset by sponsor fees. Investors should note that the Trust is a passive vehicle and its performance is directly tied to the spot price of gold, with a 0.25% annual sponsor fee impacting returns.

This filing for iShares Gold Trust (IAU) covers the quarterly period ending June 30, 2011. The Trust's primary asset is gold bullion, which saw a significant increase in fair value from $5,317,017,000 at the end of 2010 to $6,983,435,000 by June 30, 2011. This appreciation, coupled with the creation of new Shares, led to a substantial growth in the Trust's net asset value and net income compared to the prior year's period. Investors should note that the Trust is designed to reflect the price of gold, less expenses. The primary expense is the Sponsor's fee, which was reduced to 0.25% from 0.40% in July 2010, positively impacting net income. The Trust's structure involves the continuous issuance and redemption of Shares in exchange for physical gold bullion, managed through Authorized Participants. The filing confirms no significant changes in risk factors and robust disclosure controls.

The iShares Gold Trust (IAU) reported for the first quarter ending March 31, 2011, showing a significant increase in its net asset value and outstanding shares. The Trust's primary asset is gold bullion, and its performance is directly tied to the market price of gold. During the quarter, the Trust experienced an inflow of creations of Shares and an outflow of redemptions, leading to a net increase in outstanding Shares and, consequently, in the Trust's overall assets under management. Financially, the Trust generated net income primarily through gains on gold distributions for share redemptions and sales of gold to cover expenses, offset by sponsor's fees. The Sponsor continues to absorb most operational costs, minimizing the Trust's direct expenses. Investors should note that IAU is a passive investment vehicle, and its value directly fluctuates with the price of gold, making it susceptible to market risks associated with gold price volatility.

The iShares Gold Trust (IAU) reported a strong third quarter for 2010, with its net asset value (NAV) increasing by 21.94% due to a 5.00% rise in the COMEX Spot Settlement Price for gold. The trust's NAV per share also saw a 4.92% increase, from $12.19 to $12.79. This growth was further supported by an increase in outstanding shares, indicating sustained investor interest and creation of new shares. For the nine-month period ending September 30, 2010, IAU demonstrated significant growth with its NAV rising by 50.14%. This was driven by a substantial 19.41% increase in the COMEX gold price and a considerable influx of new shares, offset by redemptions. The trust's primary expenses remain the Sponsor's fees, which represent a small fraction of the overall asset value. The trust's primary risk remains concentration in gold bullion, making it susceptible to fluctuations in gold prices.

The ISHARES GOLD TRUST (IAU) reported its quarterly results for the period ending June 30, 2010. The Trust, which aims to reflect the price of gold bullion less expenses, saw a significant increase in its net asset value during the quarter. This growth was primarily driven by an 11.87% rise in the COMEX Spot Settlement Price for gold and an increase in the number of outstanding shares. The Trust's financial performance reflects the underlying commodity's price movements. Despite the appreciation in gold prices, the Trust's net asset value per share grew slightly less than the COMEX price due to the accrual of Sponsor's fees. The Trust experienced positive net income for the quarter, largely attributed to gains on gold sales and distributions related to share redemptions. The Trust continues to operate as a passive investment vehicle, with its primary assets being gold bullion.

The iShares COMEX Gold Trust (IAU) 10-Q filing for the quarter ended March 31, 2010, indicates a slight decrease in the Trust's total assets, primarily due to a net redemption of shares, despite an increase in the price of gold. The Trust holds physical gold bullion as its primary asset. Its objective is to reflect the price of gold, less expenses. The net asset value per share saw a modest increase, slightly underperforming the rise in gold prices due to the impact of sponsor fees. The financial statements show a decrease in gold bullion inventory from $1.91 billion to $1.87 billion. Net income for the quarter was $31.9 million, an increase from the prior year's $23.4 million, driven by gains on gold distributions for share redemptions and sales to cover expenses, offset by sponsor fees. The Trust continues to operate as a passive investment vehicle, with shares issued and redeemed in exchange for gold, not cash.

The iShares® COMEX® Gold Trust (IAU) reported significant growth in its net asset value (NAV) for the nine months ended September 30, 2009, driven by an increase in the price of gold. The Trust's NAV grew by approximately 27.57% from December 31, 2008, to September 30, 2009, largely due to a 14.08% rise in the COMEX Spot Settlement Price of gold. During this period, the Trust saw an increase in outstanding shares, reflecting net creations of shares, indicating investor demand for gold exposure. Despite overall NAV growth, the Trust experienced a net loss for the three months ended September 30, 2009, primarily due to Sponsor's fees which outpaced the gains from gold sales. The underlying value of the Trust's assets, represented by gold bullion, increased substantially, but the operational costs, mainly Sponsor's fees, impacted short-term profitability. Investors should note the Trust's passive nature; its value directly tracks gold prices, and it does not aim to generate profits beyond mirroring gold's performance, less expenses.