IAU SEC Filings

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.

This 8-K filing by iShares Gold Trust (IAU) primarily announces significant leadership changes within its sponsor, iShares Delaware Trust Sponsor LLC. Effective March 27, 2026, Jay Jacobs has been appointed to the Board of Directors and also assumes the roles of President and Chief Executive Officer of the Sponsor. Mr. Jacobs brings extensive experience in the ETF industry, having held senior positions at BlackRock, Inc., including his current role as U.S. Head of Equity ETFs. His background also includes founding and leading research and strategy at Global X ETFs and prior experience at the New York Stock Exchange. Concurrently, Shannon Ghia has resigned from her positions as Director, President, and Chief Executive Officer of the Sponsor. The filing explicitly states that Ms. Ghia's departure was amicable and not due to any disagreements regarding the Trust's operations or policies. These leadership transitions are material for investors as they reflect potential shifts in strategic direction and operational oversight for the Trust, which is backed by iShares Delaware Trust Sponsor LLC.

ISHARES GOLD TRUST (IAU) filed its 10-K for the fiscal year ending December 31, 2025, reporting a significant increase in its net asset value, which rose by 107.48% to $68,376,501,330. This growth was primarily driven by a substantial 65.00% surge in the price of gold, which reached $4,307.95 per ounce by year-end. The Trust's objective is to mirror the performance of gold prices, and it achieved this by increasing its outstanding shares from 668,650,000 to 842,850,000, reflecting significant creation activity against redemptions. The Trust operates as a passive investment vehicle, with its primary assets being physical gold bullion held by a custodian. The Sponsor, iShares Delaware Trust Sponsor LLC, a subsidiary of BlackRock, assumes most of the Trust's operational expenses, with its fees amounting to $124,023,218 for the year, representing 0.25% of the Trust's average assets. While the Trust aims to reflect gold's performance, investors should note that shares may trade at a premium or discount to their net asset value due to market supply and demand dynamics and differing trading hours between gold markets and the NYSE Arca.

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.

iShares Gold Trust (IAU) has filed its annual report for the period ending December 30, 2024. The Trust's primary objective is to reflect the performance of the price of gold, holding physical gold as its main asset. Over the fiscal year 2024, the Trust's net asset value grew by approximately 24.71%, reaching $32,955,472,597, driven by a significant increase in gold prices. The number of outstanding Shares saw a slight decrease, indicating net redemptions during the year. Key operational aspects include the daily valuation of gold based on the LBMA Gold Price PM and the accrual of a Sponsor's fee at an annualized rate of 0.25% of net asset value. The Sponsor covers most administrative and marketing expenses, making the Sponsor's fee the primary recurring cost. The report also details risks associated with gold price volatility, operational disruptions, cybersecurity threats, and potential conflicts of interest, emphasizing that the Trust is a passive investment vehicle whose performance is directly tied to the price of gold.

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.

iShares Gold Trust (IAU) has filed an 8-K report on April 26, 2024, primarily detailing changes in its Board of Directors. Lindsey Haswell has been appointed to the Board of Directors of the Sponsor, iShares® Delaware Trust Sponsor LLC, and also appointed to the Sponsor's Audit Committee. Ms. Haswell brings extensive legal and administrative experience from various technology and crypto-asset companies, including MoonPay and Blockchain.com, which may be viewed as bringing a contemporary perspective to the Trust's governance.

iShares Gold Trust (IAU) provides investors with a cost-effective and accessible way to gain exposure to the price performance of gold. The Trust holds physical gold bullion, with each Share representing a fractional undivided beneficial interest in the Trust's assets. The primary objective is to reflect the price of gold, less the Trust's expenses. For the year ended December 31, 2023, the Trust saw a net asset value increase of 1.03%, largely driven by a 13.80% rise in the price of gold. The number of outstanding Shares decreased, indicating more redemptions than creations during the year. The Trust's main expense is the Sponsor's fee, which was $67.77 million for 2023, representing 0.25% of average assets. The Trust is not actively managed and relies on the LBMA Gold Price for valuation.

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) reported a decrease in its net asset value (NAV) from $28,723,023,637 at the end of 2021 to $26,154,892,134 at the end of 2022. This decline was primarily driven by a reduction in outstanding shares, which fell from 829,750,000 to 760,700,000, indicating more redemptions than creations during the year. The trust's objective is to mirror the performance of gold prices, and its assets primarily consist of physical gold held by its custodian. The Sponsor's fee remains the primary expense, amounting to $71,451,301 for 2022, representing an annual rate of 0.25% of the NAV. While the trust aims to track gold prices, investors should be aware that shares can trade at a premium or discount to their NAV due to market supply and demand and the timing of global gold market closures relative to NYSE Arca trading hours. The filing also highlights various risks, including disruptions to the LBMA Gold Price benchmark, potential impacts of governmental decisions on gold prices, the volatility inherent in a single-commodity investment, and the ongoing dilution of gold backing per share due to expenses. Investors should also note that the trust is not registered as an investment company, and shareholders do not have the protections afforded by the Investment Company Act of 1940.

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.

This 8-K filing reports significant leadership changes within the Sponsor of the iShares Gold Trust (IAU). Effective June 3, 2022, Shannon Ghia has been appointed as the new President and CEO of the Sponsor, and Bryan Bowers has been appointed as the new Chief Financial Officer of the Sponsor. Mr. Bowers has also been appointed to the Sponsor's Board of Directors. These appointments follow the resignations of Paul Lohrey (President, CEO, and Director) and Trent W. Walker (CFO), effective the same date. The filing explicitly states that these resignations were not due to any disputes with the Trust. Investors should note the extensive experience of Ms. Ghia and Mr. Bowers within BlackRock's ETF and financial operations, suggesting a continuation of established operational practices.

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.

iShares Gold Trust (IAU) filed an 8-K report on March 7, 2022, announcing a change in the Directorship of its sponsor, iShares® Delaware Trust Sponsor LLC. Shannon Ghia was appointed as a Director, effective March 2, 2022, replacing Rachel Aguirre. Ms. Ghia brings extensive experience from BlackRock, where she currently serves as Global Co-Head of ETF Markets, overseeing teams focused on investment integrity and product development within BlackRock's ETF and Index Investing organization. This leadership change within the sponsor entity is the primary information conveyed in this filing. Investors in IAU should note Ms. Ghia's background in ETF markets and product engineering, which suggests a continued focus on the operational integrity and market quality of the Trust's offerings. The departure of Ms. Aguirre was stated to be without any dispute or disagreement with the Trust.

The iShares Gold Trust (IAU) 10-K filing for the period ending December 30, 2021, reveals a trust designed to reflect the performance of the price of gold. The trust's assets primarily consist of physical gold bullion held by its custodian. During 2021, the net asset value of the trust decreased by 10.01%, attributed to a decline in the number of outstanding shares and a slight decrease in the LBMA Gold Price. Key operational aspects include the trust's passive management strategy, with its primary recurring expense being the Sponsor's fee (0.25% of NAV). The trust does not engage in active trading or hedging. The filing also emphasizes the risks associated with gold price volatility, operational failures, cybersecurity threats, and potential conflicts of interest due to the Sponsor's affiliates managing other gold-related funds.

The iShares Gold Trust (IAU) filed an 8-K on January 31, 2022, reporting a significant update to its governing agreement. The Trust, through its Sponsor iShares Delaware Trust Sponsor LLC and Trustee The Bank of New York Mellon, entered into a Fifth Amended and Restated Depositary Trust Agreement. This amendment is notable for two primary reasons: it transforms the Trust's term into a perpetual one, ensuring its continued operation indefinitely, and it increases the annual amount of legal fees and expenses the Sponsor will assume, from $100,000 to $500,000.

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.

This 8-K filing by iShares Gold Trust (IAU) reports on changes in key leadership positions within its sponsor, iShares Delaware Trust Sponsor LLC. Specifically, Trent W. Walker has been appointed as the new Chief Financial Officer, and Rachel Aguirre has been appointed as a Director, both effective June 30, 2021. These appointments follow the resignation of Mary Cronin from both roles. The filing provides background on the extensive experience of both Mr. Walker and Ms. Aguirre within BlackRock and its affiliates, highlighting their expertise in financial management and product development for exchange-traded products. For investors in IAU, these changes in the sponsor's management are noteworthy. While these are internal changes to the sponsor entity and not directly to the Trust's operations or investment strategy, they signify continuity and new leadership within the entity responsible for the Trust's administration and oversight. Investors can take comfort in the significant experience of the new appointees, who have held senior positions at BlackRock, a major player in the asset management industry. The filing also confirms that Ms. Cronin's departure was not due to any disputes, suggesting a smooth transition.

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.

This 8-K filing from iShares Gold Trust (IAU) reports a significant corporate action: a one-for-two reverse stock split. This split, announced via a press release on March 3, 2021, will be effective May 24, 2021. A one-for-two reverse split means that for every two shares an investor currently holds, they will receive one share after the split. The primary motivation for such a split is typically to increase the per-share price of the ETF. For investors in IAU, this means their number of shares will be halved, but the total value of their investment should theoretically remain the same immediately after the split, assuming no other market factors are at play. While the share price will double, the underlying value of the gold held by the trust and the overall market capitalization of the ETF are not expected to change as a direct result of the split. Investors should pay attention to the effective date and any potential market reactions around that time.

The iShares Gold Trust (IAU) reported a significant increase in its net asset value for the year ended December 31, 2020, growing by 81.06% to $31.92 billion. This growth was driven by both an increase in outstanding Shares and a substantial rise in the LBMA Gold Price PM, which increased by 24.16% over the year. The Trust's objective is to reflect the performance of the price of gold, and it achieved this by holding physical gold bullion in trust, with each Share representing a fractional beneficial interest. The Sponsor, iShares Delaware Trust Sponsor LLC, covers most operational expenses, with the Sponsor's fee being the primary recurring cost, amounting to $65.44 million for 2020.

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.

iShares Gold Trust (IAU) reported a significant increase in its Net Asset Value (NAV) for the fiscal year ended December 31, 2019, growing by 52.70% to $17.63 billion. This growth was driven by both an increase in outstanding shares and a 18.83% rise in the LBMA Gold Price AM. The Trust's objective is to mirror the performance of gold prices, and it achieved this by holding physical gold bullion. The Sponsor, iShares Delaware Trust Sponsor LLC (an indirect subsidiary of BlackRock), continues to manage administrative expenses, with its fee representing the primary ongoing cost for the Trust. For investors, IAU offers a straightforward way to gain exposure to gold prices without the complexities of direct physical ownership. However, the value of IAU shares is directly tied to the fluctuating price of gold, presenting potential for both gains and losses. The Trust's passive nature means it does not actively manage its assets to profit from market movements. Investors should be aware of the ongoing Sponsor's fee of 0.25% and the inherent risks associated with gold price volatility, including the potential for its value to decrease due to market factors, governmental decisions, or operational risks within the Trust's infrastructure.

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.

This 8-K filing for iShares Gold Trust (IAU) primarily details a change in the Sponsor's Board of Directors. BlackRock Asset Management International Inc., the member of the Trust's sponsor, iShares Delaware Trust Sponsor LLC, has appointed Mary Cronin to its Board, effective July 8, 2019. Ms. Cronin also continues in her role as Chief Financial Officer of the Sponsor. This appointment replaces Stephen Messinger, who resigned from the Board on the same date. The filing explicitly states that Mr. Messinger's resignation was not due to any disputes regarding the Trust's operations, policies, or practices.

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 8-K filing for iShares Gold Trust (IAU) primarily announces key personnel changes within its sponsor, iShares Delaware Trust Sponsor LLC. Effective April 1, 2019, Stephen Messinger has been appointed as a Director, and Mary Cronin has been appointed as the Chief Financial Officer. Both individuals bring extensive experience in asset management and financial roles, with Mr. Messinger rejoining BlackRock and Ms. Cronin having a background in accounting operations and financial reporting for registered funds. These appointments coincide with the resignation of Jack Gee from both the Director and Chief Financial Officer positions of the Sponsor, effective the same date. The filing explicitly states that Mr. Gee's resignation was not due to any disputes with the Trust regarding its operations, policies, or practices. Investors should note these changes as they represent shifts in the leadership overseeing the Trust's sponsor.

ISHARES GOLD TRUST (IAU) filed its 2018 annual report on Form 10-K on February 27, 2019. The Trust's primary objective is to reflect the performance of the price of gold, holding physical gold bullion as its main asset. As of December 31, 2018, the Trust's net asset value (NAV) was $11.54 billion, an increase from $10.15 billion at the end of 2017, reflecting a growing investor interest and a favorable market for gold during the period. The Trust's operations are passive, meaning it does not actively manage its gold holdings for profit. Instead, it issues and redeems shares (in Baskets of 50,000 shares) in exchange for physical gold with Authorized Participants. The Sponsor, iShares Delaware Trust Sponsor LLC (an indirect subsidiary of BlackRock), covers most of the Trust's operational expenses in exchange for an annual fee of 0.25% of the NAV. For 2018, the Sponsor's fee amounted to $27.53 million.

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.

ISHARES GOLD TRUST (IAU) reported its annual results for the fiscal year ending December 31, 2017. The Trust, which aims to reflect the performance of the price of gold, saw its net asset value increase by 38.81% to $10,147,507,137, driven by a rise in gold prices and an increase in outstanding shares. The Trust's performance is closely tied to the LBMA Gold Price PM, with the net asset value per share experiencing growth corresponding to the 11.85% increase in gold prices during the year. The Trust operates as a passive investment vehicle, with its primary expense being the Sponsor's fee, which was $21,630,631 for 2017. The Sponsor, iShares Delaware Trust Sponsor LLC, an indirect subsidiary of BlackRock, Inc., covers various administrative and marketing expenses. The Trust does not actively manage its gold holdings and does not engage in activities to profit from price changes. Investors should be aware that the value of the Shares will fluctuate with the price of gold, and the gradual decrease in the amount of gold represented by each Share due to expenses can impact overall returns if not offset by gold price appreciation.

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 its annual results for the fiscal year ending December 31, 2016. The Trust's primary objective is to reflect the performance of the price of gold, holding physical gold bullion as its primary asset. During 2016, the Trust experienced significant growth in its net asset value, increasing by 40.31% from $5,209,802,846 to $7,310,131,020. This growth was driven by both an increase in the number of outstanding Shares and a rise in the price of gold. Key operational aspects include the Trust's passive investment strategy, which means it does not actively manage its gold holdings to profit from price changes. Expenses, primarily the Sponsor's fee (0.25% of net asset value), are covered by selling gold. Despite the overall positive net asset value growth, the report highlights various risks inherent in investing in gold, including price volatility, potential disruptions in gold pricing benchmarks, and operational risks associated with the custody and valuation of gold. The Trust's structure as a grantor trust means that income and expenses flow through to shareholders for tax purposes.

iShares Gold Trust (IAU) filed an 8-K on December 22, 2016, to report significant operational updates to its governing agreements. The primary purpose of these amendments was to streamline the issuance and redemption process for Authorized Participants (APs) by enabling the use of the Trustee's electronic order system. This change is expected to enhance the efficiency and flexibility of how APs create and redeem Baskets of the Trust's shares, which are directly backed by physical gold. These operational adjustments are crucial for the smooth functioning of the IAU ETF, ensuring that its market price remains closely aligned with the underlying gold price. By facilitating easier interaction with the Trustee, the amendments aim to improve liquidity and the overall investor experience. The filing also incorporates amendments to the Custodian Agreement, reinforcing the roles of The Bank of New York Mellon as Trustee and JPMorgan Chase Bank N.A., London branch as Custodian for the Trust's gold bullion.

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.