Thu, May 8, 8:01 PM (10 days ago)
**abrdn Precious Metals Basket ETF Trust (GLTR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Assets & Liabilities:** Total assets increased by 27.54% from $1,040,489,000 to $1,326,975,000. Liabilities slightly increased from $536,000 to $663,000. - **Net Assets:** Net assets rose by 27.54% to $1,326,312,000. - **Share Data:** Outstanding shares increased from 9,500,000 to 10,275,000, with net asset value per share rising by 17.91% to $129.08. **Revenue & Profit Margins:** - **Expenses:** Primary expense was the Sponsor’s Fee, amounting to $1,761,323 for Q1 2025, up from $1,376,799 in Q1 2024. - **Gains/Losses:** Realized gains on Bullion transferred to pay expenses were $474,226. Unrealized gains on investment in Bullion surged by $193,295,754. **Cash Flow & Earnings Changes:** - **Net Increase in Net Assets:** $192,008,657 for Q1 2025, driven by unrealized gains and realized gains on Bullion. - **Earnings per Share:** Net asset value per share increased by 17.91%. **Quarterly Performance Discussion:** - **Q1 2025:** Significant increase in NAV and net asset value per share, driven by gains in Bullion prices and share creations. - **Q1 2024:** Modest increase in NAV per share despite a decrease in total NAV, attributed to share redemptions and gains on Bullion. **Trends & Uncertainties:** - **Market Trends:** Positive trends in precious metals prices contributed to the increase in net assets. - **Future Operations:** The Trust continues to issue and redeem shares in Baskets, with no significant changes in operational strategy. **Impact on Future Operations:** - **Liquidity:** The Trust maintains strong liquidity, with no off-balance sheet arrangements. - **Risk Factors:** Concentration risk in Bullion holdings and market volatility remain key risks. **Conclusion:** abrdn Precious Metals Basket ETF Trust (GLTR) demonstrated strong financial performance in Q1 2025, driven by gains in precious metals prices and strategic share management. The Trust's financial health remains robust, with effective liquidity management and a clear operational strategy.