| Changes in ounces of Bullion and their respective values for the years ended December 31, 2025 and 2024 are set out below: |
Changes
in ounces of Bullion and their respective values for the years ended December 31, 2025 and 2024 are set out below:
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Year Ended December 31, 2025 | |
| (Amounts in 000’s of US$, except for ounces data) | |
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| Ounces of Bullion | |
Gold | | |
Palladium | | |
Platinum | | |
Silver | | |
Total | |
| Opening balance | |
| 261,800.3 | | |
| 52,359.8 | | |
| 34,906.6 | | |
| 9,599,303.3 | | |
| 9,948,370.0 | |
| Creations | |
| 94,003.0 | | |
| 18,801.0 | | |
| 12,534.0 | | |
| 3,446,774.0 | | |
| 3,572,112.0 | |
| Redemptions | |
| (13,725.8 | ) | |
| (2,745.2 | ) | |
| (1,830.1 | ) | |
| (503,280.5 | ) | |
| (521,581.6 | ) |
| Transfers of Bullion to pay expenses | |
| (1,727.6 | ) | |
| (345.6 | ) | |
| (230.5 | ) | |
| (63,299.7 | ) | |
| (65,603.4 | ) |
| Closing balance | |
| 340,349.9 | | |
| 68,070.0 | | |
| 45,380.0 | | |
| 12,479,497.1 | | |
| 12,933,297.0 | |
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| Investment in Bullion | |
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| Opening balance | |
$ | 683,521 | | |
$ | 47,595 | | |
$ | 31,905 | | |
$ | 277,468 | | |
$ | 1,040,489 | |
| Creations | |
| 341,062 | | |
| 23,374 | | |
| 17,418 | | |
| 151,551 | | |
| 533,405 | |
| Redemptions | |
| (49,084 | ) | |
| (3,238 | ) | |
| (2,465 | ) | |
| (22,846 | ) | |
| (77,633 | ) |
| Realized gain / (loss) on Bullion distributed for the redemption of Shares | |
| 22,896 | | |
| (1,328 | ) | |
| 528 | | |
| 10,504 | | |
| 32,600 | |
| Transfers of Bullion to pay expenses | |
| (5,741 | ) | |
| (382 | ) | |
| (281 | ) | |
| (2,369 | ) | |
| (8,773 | ) |
| Realized gain / (loss) on Bullion transferred to pay expenses | |
| 2,573 | | |
| (197 | ) | |
| 40 | | |
| 876 | | |
| 3,292 | |
| Change in unrealized gain on investment in Bullion | |
| 470,984 | | |
| 40,842 | | |
| 44,840 | | |
| 483,215 | | |
| 1,039,881 | |
| Closing balance | |
$ | 1,466,211 | | |
$ | 106,666 | | |
$ | 91,985 | | |
$ | 898,399 | | |
$ | 2,563,261 | |
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Year Ended December 31, 2024 | |
| (Amounts in 000’s of US$, except for ounces data) | |
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| Ounces of Bullion | |
Gold | | |
Palladium | | |
Platinum | | |
Silver | | |
Total | |
| Opening balance | |
| 289,717.8 | | |
| 57,943.6 | | |
| 38,629.0 | | |
| 10,622,986.0 | | |
| 11,009,276.4 | |
| Creations | |
| 6,210.0 | | |
| 1,242.0 | | |
| 828.0 | | |
| 227,700.8 | | |
| 235,980.8 | |
| Redemptions | |
| (32,493.4 | ) | |
| (6,498.7 | ) | |
| (4,332.4 | ) | |
| (1,191,423.7 | ) | |
| (1,234,748.2 | ) |
| Transfers of Bullion to pay expenses | |
| (1,634.1 | ) | |
| (327.1 | ) | |
| (218.0 | ) | |
| (59,959.8 | ) | |
| (62,139.0 | ) |
| Closing balance | |
| 261,800.3 | | |
| 52,359.8 | | |
| 34,906.6 | | |
| 9,599,303.3 | | |
| 9,948,370.0 | |
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| Investment in Bullion | |
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| Opening balance | |
$ | 602,149 | | |
$ | 65,824 | | |
$ | 38,629 | | |
$ | 252,721 | | |
$ | 959,323 | |
| Creations | |
| 15,568 | | |
| 1,218 | | |
| 789 | | |
| 6,718 | | |
| 24,293 | |
| Redemptions | |
| (72,381 | ) | |
| (6,104 | ) | |
| (4,036 | ) | |
| (30,933 | ) | |
| (113,454 | ) |
| Realized gain / (loss) on Bullion distributed for the redemption of Shares | |
| 19,329 | | |
| (5,423 | ) | |
| (431 | ) | |
| 5,008 | | |
| 18,483 | |
| Transfers of Bullion to pay expenses | |
| (3,824 | ) | |
| (326 | ) | |
| (209 | ) | |
| (1,657 | ) | |
| (6,016 | ) |
| Realized gain / (loss) on Bullion transferred to pay expenses | |
| 1,156 | | |
| (255 | ) | |
| (16 | ) | |
| 351 | | |
| 1,236 | |
| Change in unrealized gain / (loss) on investment in Bullion | |
| 121,524 | | |
| (7,339 | ) | |
| (2,821 | ) | |
| 45,260 | | |
| 156,624 | |
| Closing balance | |
$ | 683,521 | | |
$ | 47,595 | | |
$ | 31,905 | | |
$ | 277,468 | | |
$ | 1,040,489 | |
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