Summary
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.
Financial Highlights
8 data points| Operating Expenses | $18.17M |
| Operating Income | -$18.17M |
| Net Income | $1.12B |
| EPS (Basic) | $1.33 |
Key Highlights
- 1Net assets of the iShares Gold Trust decreased from $31.92 billion (December 31, 2020) to $28.61 billion (June 30, 2021).
- 2The decrease in net assets was largely due to a decline in the price of gold, which fell 6.77% during the first six months of 2021.
- 3The Trust experienced a net decrease in outstanding shares from 885,225,000 (December 31, 2020) to 852,150,000 (June 30, 2021), reflecting more redemptions than creations.
- 4Sponsor's fees were the primary expense, totaling $36.7 million for the six-month period, representing an annualized rate of 0.25% of net assets.
- 5The Trust underwent a one-for-two reverse stock split effective May 24, 2021, which adjusted the per-share price and number of outstanding shares without affecting total net assets.
- 6The net asset value (NAV) per Share decreased from $36.06 at the start of the period to $33.58 at the end of the period.