Wed, Feb 26, 10:18 PM (58 days ago)
**Goldman Sachs Physical Gold ETF (AAAU) - 2024 10-K Summary** For the fiscal year ending December 31, 2024, the Goldman Sachs Physical Gold ETF reported significant growth in net assets, rising to $889,603 from $633,308 in 2023, driven by a 26.59% increase in gold prices, reaching $2,610.85 per ounce. The Trust issued 7,860,000 shares (314 Baskets) and redeemed 4,400,000 shares (176 Baskets). The NAV per share increased to $25.81 from $20.43, reflecting robust performance despite operational expenses primarily from a Sponsor Fee of 0.18% of NAV. The Trust's operational focus remains on gold investment, with total expenses of $1,355,299 and net realized gains from operations of $163,409,998. The Trust holds 340,786.6 ounces of gold valued at $889,742,864. Future risks include gold price volatility, operational risks, and market liquidity challenges, particularly during periods of high redemption activity. The Trust is structured to maintain minimal cash holdings, relying on gold for liquidity. As of December 31, 2024, the Trust's financial condition remains strong, with no off-balance sheet arrangements and a commitment to transparency through regular audits.