10-K - GraniteShares Gold Trust (0001690437) (Filer)

Thu, Aug 15, 8:28 PM (31 days ago)

The GraniteShares Gold Trust's fiscal year ended June 30, 2024, saw a significant decline in net asset value (NAV) from $935,811 to $790,994, a 15.5% decrease, primarily due to a drop in outstanding shares from 49.5 million to 34.35 million. The NAV per share increased from $18.92 to $23.03, reflecting a 21.7% increase, driven by a gold price rise of 21.9% to $2,330.90 per ounce. Total gains on gold investments reached $101,263, with a net increase in assets from operations of $187,672. The Sponsor's fee for the year was $1,671,742, constituting 0.1749% of total assets. Key risk factors include fluctuations in gold prices, potential sales by central banks, and geopolitical events impacting market stability. The Trust's passive investment strategy means it does not actively manage gold holdings, exposing it to market volatility. The Trust operates without a fixed termination date and is not registered under the Investment Company Act, limiting investor protections. The financial condition remains stable, with all assets in gold bullion, although liquidity may be affected by market conditions and redemption processes.