FGDLLOW SIGNALOPERATIONAL10-K
FGDL's outstanding shares increased from 2.2 million to 5.2 million shares between reporting periods, indicating substantial fund growth through new share creations.
The increase in outstanding shares suggests growing investor demand for the fund's gold exposure, as ETF shares are typically created when institutional investors deposit the underlying assets. The updated forward-looking statement language and addition of LBMA Gold Price definition represent routine disclosure refinements that align with standard regulatory language for precious metals funds.
Comparing 2025-06-30 vs 2024-07-01View on EDGAR →
LANGUAGE CHANGES
NEW — 2025-06-30
PRIOR — 2024-07-01
ADDED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
The registrant had 5,200,000 outstanding shares as of June 3, 2025.
LBMA Gold Price The price per troy ounce of gold bullion for delivery in London through a member of the LBMA stated in USDs and set via an electronic auction process run twice daily at 10:30 a.m.
In some cases, you can identify such forward-looking statements by terminology such as may, should, could, expect, plan, anticipate, believe, estimate, predict, potential or the negative of these terms or other comparable terminology.
These statements are based upon certain assumptions and analyses made by the Sponsor on the basis of its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances.
REMOVED
Cost of investment in gold bullion: $50,923,216 at March 31, 2024 and $104,131,755 at March 31, 2023.
Net increase (decrease) in net assets per Share based on average shares outstanding during the period.
Includes initial seed creation of 100,000 shares for an amount of $2,500,000.
The registrant had 2,200,000 outstanding shares as of June 4, 2024.
Words such as could, would, may, expect, intend, estimate, predict, and variations on such words or negatives thereof, and similar expressions that reflect our current views with respect to future events and Fund performance, are intended to identify such forward-looking statements.
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