Summary
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.
Financial Highlights
8 data points| Operating Expenses | $6.86M |
| Operating Income | -$6.86M |
| Net Income | $201.21M |
| EPS (Basic) | $0.46 |
Key Highlights
- 1Total Assets under management grew to $11.55 billion as of March 31, 2018, up from $10.15 billion as of December 31, 2017.
- 2Net Asset Value (NAV) per Share increased to $12.71 as of March 31, 2018, compared to $12.45 as of December 31, 2017.
- 3The Trust experienced a net increase in net assets resulting from operations of $201.2 million for the three months ended March 31, 2018.
- 4A significant unrealized appreciation in the value of gold bullion, amounting to $205.5 million, was the primary driver of operational gains.
- 5Investor inflows were substantial, with 96.9 million shares created during the quarter, contributing to the growth in total assets.
- 6Sponsor's fees for the quarter were $6.86 million, representing 0.25% of the Trust's average net asset value.