Summary
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.
Financial Highlights
6 data points| Operating Expenses | $47.41M |
| Operating Income | -$47.41M |
| Net Income | $4.91B |
| EPS (Basic) | $5.84 |
Key Highlights
- 1Net assets increased by approximately 3.26% to $70.6 billion as of March 31, 2026, from $68.4 billion as of December 31, 2025.
- 2Net Asset Value (NAV) per Share rose to $86.73 at quarter-end, up from $81.13 at the beginning of the period, reflecting a 6.90% increase.
- 3The value of gold bullion held by the Trust increased to $70.6 billion, representing 100.02% of total assets.
- 4The number of outstanding Shares decreased by approximately 3.4% to 814.1 million from 842.85 million, due to redemptions exceeding issuances.
- 5For the three months ended March 31, 2026, the Trust reported a net increase in net assets resulting from operations of $4.91 billion.
- 6The Trust's primary expense is the Sponsor's fee, which amounted to $47.4 million for the quarter, representing an annualized rate of 0.25% of average net assets.