Summary
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.
Financial Highlights
6 data points| Operating Expenses | $17.83M |
| Operating Income | -$17.83M |
| Net Income | $1.43B |
| EPS (Basic) | $2.20 |
Key Highlights
- 1Net assets increased to $28.36 billion as of June 30, 2024, up from $26.42 billion at the end of 2023.
- 2The increase in net assets was primarily driven by a 13.02% rise in the price of gold during the first six months of 2024.
- 3The Trust generated a net increase in net assets from operations of $3.3 billion for the six months ended June 30, 2024.
- 4A significant portion of the net increase from operations was due to unrealized appreciation in gold bullion holdings ($2.81 billion).
- 5Shares outstanding decreased from 677.05 million at year-end 2023 to 643.75 million at June 30, 2024, indicating net redemptions.
- 6The Trust's primary expense is the Sponsor's fee, amounting to 0.25% of the net asset value.
- 7The fair value of the Trust's gold bullion is categorized as Level 1 within the fair value hierarchy, indicating it is based on unadjusted quoted prices in active markets.