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.
Whether or not actual results and developments will conform to the Sponsor s expectations and predictions, however, is subject to a number of risks and uncertainties, including the special considerations discussed in this report, general economic, market and business conditions, changes in laws or regulations, including those concerning taxes, made by governmental authorities or regulatory bodies, and other world economic and political developments.
All forward-looking statements made in this report are qualified by these cautionary statements, and there can be no assurance that the actual results or developments the Sponsor anticipates will be realized or, even if substantially realized, will result in the expected consequences to, or have the expected effects on, the Fund s operations or the value of the Shares.
EMERGING GROWTH COMPANY STATUS The Trust is an emerging growth company, as defined in the JOBS Act.
In certain exceptional cases the Fund will pay for certain expenses.
Redemption of Shares The shares may be redeemed by or through an Authorized Participant in large aggregations of Shares referred to as Creation Units.
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.
We express our estimates, expectations, beliefs, and projections in good faith and believe them to have a reasonable basis.
However, we make no assurances that such estimates, expectations, beliefs, or projections will be achieved or accomplished.
We do not intend to update any forward-looking statements even if new information becomes available or other events occur in the future, except as required by the federal securities laws.
Fund Expenses The Fund s only ordinary recurring expense is the fee paid to the Sponsor at an annual rate of 0.15% of the daily net asset value of the Fund, so that the Fund s total annual expense ratio is expected to be equal to 0.15%.
Fiscal Year The fiscal year of the Trust and of the Fund ends on March 31 of each year.
MORE OPERATIONAL SIGNALS
ANALYZE ANY FILING FREE
See what changed in your portfolio's filings
500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.
Try Tracenotes free →