v3.26.1
Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:

 

(Amounts in 000’s of US$) 

June 30,
2026 

  

December 31,
2025

 
         
Level 1          
Investment in Bullion  $2,459,772   $2,563,261 
Changes in ounces of Bullion and their respective values for the three and six months ended June 30, 2026 and 2025 are set out below:

Changes in ounces of Bullion and their respective values for the three and six months ended June 30, 2026 and 2025 are set out below: 

 

                               
   Three Months Ended June 30, 2026 
(Amounts in 000’s of US$, except for ounces data)        
Ounces of Bullion  Gold   Palladium   Platinum   Silver   Total 
Opening balance   371,985.2    74,397.0    49,598.0    13,639,457.4    14,135,437.6 
Creations   1,365    273.1    182.0    50,050.1    51,870.2 
Redemptions   (2,047.9)   (409.6)   (273.0)   (75,091.2)   (77,821.7)
Transfers of Bullion to pay expenses   (564.4)   (112.9)   (75.3)   (20,692.8)   (21,445.4)
Closing balance   370,737.9    74,147.6    49,431.7    13,593,723.5    14,088,040.7 
                          
Investment in Bullion                         
Opening balance  $1,714,238   $107,727   $94,633   $991,384   $2,907,982 
Creations   5,646    338    299    3,113    9,396 
Redemptions   (8,542)   (508)   (459)   (4,840)   (14,349)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   3,555    (163)   120    2,330    5,842 
Transfers of Bullion to pay expenses   (2,673)   (179)   (149)   (1,582)   (4,583)
Realized gain / (loss) on Bullion transferred to pay expenses   1,300    (6)   57    890    2,241 
Change in unrealized loss on investment in Bullion   (220,915)   (16,749)   (17,041)   (192,052)   (446,757)
Closing balance  $1,492,609   $90,460   $77,460   $799,243   $2,459,772 

 

                               
   Three Months Ended June 30, 2025 
(Amounts in 000’s of US$, except for ounces data)        
Ounces of Bullion  Gold   Palladium   Platinum   Silver   Total 
Opening balance   282,733.2    56,546.7    37,697.8    10,366,885.5    10,743,863.2 
Creations   13,054.5    2,610.9    1,740.6    478,667.4    496,073.4 
Redemptions   (8,934.0)   (1,786.8)   (1,191.2)   (327,579.1)   (339,491.1)
Transfers of Bullion to pay expenses   (425.7)   (85.2)   (56.8)   (15,613.8)   (16,181.5)
Closing balance   286,428.0    57,285.6    38,190.4    10,502,360.0    10,884,264.0 
                          
Investment in Bullion                         
Opening balance  $880,742   $55,755   $37,434   $353,044   $1,326,975 
Creations   42,288    2,555    1,866    16,028    62,737 
Redemptions   (28,505)   (1,705)   (1,169)   (10,549)   (41,928)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   12,710    (1,308)   (52)   3,057    14,407 
Transfers of Bullion to pay expenses   (1,350)   (81)   (55)   (506)   (1,992)
Realized gain / (loss) on Bullion transferred to pay expenses   596    (63)   (2)   149    680 
Change in unrealized gain on investment in Bullion   35,137    9,809    13,535    16,599    75,080 
Closing balance  $941,618   $64,962   $51,557   $377,822   $1,435,959 

 

                               
   Six Months Ended June 30, 2026 
(Amounts in 000’s of US$, except for ounces data)        
Ounces of Bullion  Gold   Palladium   Platinum   Silver   Total 
Opening balance   340,349.9    68,070.0    45,380.0    12,479,497.1    12,933,297.0 
Creations   36,939    7,387.8    4,925.2    1,354,421.8    1,403,673.6 
Redemptions   (5,465.5)   (1,093.1)   (728.7)   (200,402.0)   (207,689.3)
Transfers of Bullion to pay expenses   (1,085.3)   (217.1)   (144.8)   (39,793.4)   (41,240.6)
Closing balance   370,737.9    74,147.6    49,431.7    13,593,723.5    14,088,040.7 
                          
Investment in Bullion                         
Opening balance  $1,466,211   $106,666   $91,985   $898,399   $2,563,261 
Creations   177,836    13,043    11,172    115,734    317,785 
Redemptions   (24,141)   (1,488)   (1,348)   (14,009)   (40,986)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   10,829    (302)   445    7,311    18,283 
Transfers of Bullion to pay expenses   (5,038)   (348)   (295)   (3,184)   (8,865)
Realized gain / (loss) on Bullion transferred to pay expenses   2,471    (6)   121    1,913    4,499 
Change in unrealized loss on investment in Bullion   (135,559)   (27,105)   (24,620)   (206,921)   (394,205)
Closing balance  $1,492,609   $90,460   $77,460   $799,243   $2,459,772 

 

                               
   Six Months Ended June 30, 2025 
(Amounts in 000’s of US$, except for ounces data)        
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   34,380.2    6,876.0    4,584.0    1,260,608.2    1,306,448.4 
Redemptions   (8,934.0)   (1,786.8)   (1,191.2)   (327,579.1)   (339,491.1)
Transfers of Bullion to pay expenses   (818.5)   (163.4)   (109.0)   (29,972.4)   (31,063.3)
Closing balance   286,428.0    57,285.6    38,190.4    10,502,360.0    10,884,264.0 
                          
Investment in Bullion                         
Opening balance  $683,521   $47,595   $31,905   $277,468   $1,040,489 
Creations   104,376    6,645    4,646    41,420    157,087 
Redemptions   (28,505)   (1,705)   (1,169)   (10,549)   (41,928)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   12,710    (1,308)   (52)   3,057    14,407 
Transfers of Bullion to pay expenses   (2,424)   (154)   (104)   (944)   (3,626)
Realized gain / (loss) on Bullion transferred to pay expenses   1,017    (127)   (7)   271    1,154 
Change in unrealized gain on investment in Bullion   170,923    14,016    16,338    67,099    268,376 
Closing balance  $941,618   $64,962   $51,557   $377,822   $1,435,959