arcee-ai/sec-data-mini · Datasets at Hugging Face

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Ended December 31, 2020 (Amounts
in 000's of US$, except for Share and per Share data) EXPENSES Sponsor's
Fee $ 4,233 $ 4,122 $ 3,641 Total
expenses 4,233 4,122 3,641 Net
investment loss ( 4,233 ) ( 4,122 ) ( 3,641 ) REALIZED
AND UNREALIZED GAINS / (LOSSES) Realized gain on gold
transferred to pay expenses 556 635 643 Realized gain on gold
distributed for the redemption of Shares 33,258 32,491 30,873 Change
in unrealized gain / (loss) on investment in gold ( 46,948 ) ( 159,986 ) 335,873 Total
gain / (loss) on investment in gold ( 13,134 ) ( 126,860 ) 367,389 Change
in net assets from operations $ ( 17,367 ) $ ( 130,982 ) $ 363,748 Net
increase / (decrease) in net assets per Share $ ( 0.12 ) $ ( 0.93 ) $ 2.93 Weighted average
number of Shares 143,922,466 140,204,658 124,112,022 See
Notes to the Financial Statements F- 5 abrdn
Gold ETF Trust Statements
of Changes in Net Assets For
the years ended December 31, 2022, 2021 and 2020 Year
Ended December 31, 2022 Shares Amount (Amounts in 000's
of US$, except for Share data) Opening balance at January
1, 2022 138,000,000 $ 2,391,232 Net investment loss ( 4,233 ) Realized gain on investment
in gold 33,814 Change in unrealized
(loss) on investment in gold ( 46,948 ) Creations 22,200,000 397,785 Redemptions ( 19,600,000 ) ( 328,867 ) Closing balance
at December 31, 2022 140,600,000 $ 2,442,783 Year
Ended December 31, 2021 Shares Amount (Amounts in 000's
of US$, except for Share data) Opening balance at January
1, 2021 146,200,000 $ 2,652,512 Net investment loss ( 4,122 ) Realized gain on investment
in gold 33,126 Change in unrealized
(loss) on investment in gold ( 159,986 ) Creations 7,200,000 128,307 Redemptions ( 15,400,000 ) ( 258,605 ) Closing balance
at December 31, 2021 138,000,000 $ 2,391,232 Year
Ended December 31, 2020 Shares Amount (Amounts in 000's
of US$, except for Share data) Opening balance at January
1, 2020 82,000,000 $ 1,195,897 Net investment loss ( 3,641 ) Realized gain on investment
in gold 31,516 Change in unrealized
gain on investment in gold 335,873 Creations 76,700,000 1,296,036 Redemptions ( 12,500,000 ) ( 203,169 ) Closing balance
at December 31, 2020 146,200,000 $ 2,652,512 See
Notes to the Financial Statements F- 6 abrdn
Gold ETF Trust Financial
Highlights For
the years ended December 31, 2022, 2021 and 2020 Year
Ended December 31, 2022 Year
Ended December 31, 2021 Year
Ended December 31, 2020 Per
Share Performance (for a Share outstanding throughout the entire period) Net asset value per Share
at beginning of period $ 17.33 $ 18.14 $ 14.58 Income
from investment operatio Net
investment loss ( 0.03 ) ( 0.03 ) ( 0.03 ) Total
realized and unrealized gains or losses on investment in gold 0.07 ( 0.78 ) 3.59 Change
in net assets from operations 0.04 ( 0.81 ) 3.56 Net asset value
per Share at end of period $ 17.37 $ 17.33 $ 18.14 Weighted average
number of Shares 143,922,466 140,204,658 124,112,022 Expense
ratio 0.17 % 0.17 % 0.17 % Net
investment loss ratio ( 0.17 )% ( 0.17 )% ( 0.17 )% Total
return, net asset value 0.23 % ( 4.47 )% 24.42 % See
Notes to the Financial Statements F- 7 abrdn Gold ETF Trust Notes to the Financial Statements 1. Organization The abrdn Gold ETF Trust (known as
Aberdeen Standard Gold ETF Trust prior to March 31, 2022) (the “Trust”) is a common law trust formed on September
1, 2009 under New York law pursuant to a depositary trust agreement (the “Trust Agreement”) executed by abrdn
ETFs Sponsor LLC (known as Aberdeen Standard ETFs Sponsor LLC prior to March 1, 2022) (the “Sponsor”) and The Bank
of New York Mellon as Trustee (the “Trustee”). The Trust holds gold and issues abrdn Physical Gold Shares
ETF (known as Aberdeen Standard Physical Gold Shares ETF prior to March 31, 2022) (“Shares”) in minimum blocks of 100,000 Shares (also referred to as “Baskets”) in exchange for deposits of gold and distributes gold in connection
with the redemption of Baskets. Shares represent units of fractional undivided beneficial interest in and ownership of the Trust
which are issued by the Trust. The Sponsor is a Delaware limited liability company and a wholly-owned subsidiary of abrdn Inc.
abrdn Inc. is a wholly-owned indirect subsidiary of abrdn plc. The Trust is governed by the Trust Agreement. The investment objective of the Trust is
for the Shares to reflect the performance of the price of gold, less the Trust’s expenses and liabilities. The Trust
is designed to provide an individual owner of beneficial interests in the Shares (a “Shareholder”) an opportunity to
participate in the gold market through an investment in securities. 2. Significant Accounting Policies The preparation of financial statements in accordance with U.S.
GAAP requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts
and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies
followed by the Trust. 2.1. Basis of Accounting The Sponsor has determined that the Trust falls within the scope
of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial
Services—Investment Companies , and has concluded that for reporting purposes, the Trust is classified as an Investment
Company. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register
under such act. 2.2. Valuation of Gold The Trust follows the provisions of ASC 820, Fair Value Measurement (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the
inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell
an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Trust's gold is held by JPMorgan Chase Bank, N.A. (the
“Custodian”), on behalf of the Trust, at its London, England and Zurich, Switzerland vaulting premises and may
also be held at the Zurich, Switzerland vaulting premises of UBS AG, or any other firm selected by the Custodian, to hold the Trust's
gold in the Trust's allocated account in the firm's vault premises on a segregated basis. Effective as of the close of business
June 20, 2019, the Sponsor approved the addition of London, England as a location where the Custodian may custody allocated gold
bullion deposited with and held by the Trust. At December 31, 2022, none of the Trust's gold was held by a sub-custodian. The Trust's gold is recorded at fair value. The cost of gold
is determined according to the average cost method and the fair value is based on the London Bullion Market Association ("LBMA")
PM Gold Price. Realized gains and losses on transfers of gold, or gold distributed for the redemption of Shares, are calculated
on a trade date basis as the difference between the fair value and average cost of gold transferred. F- 8 abrdn Gold ETF Trust Notes to the Financial Statements The LBMA PM Gold Price is set using the afternoon session
of the ICE Benchmark Administration (“IBA”) equilibrium auction, an electronic, tradable and auditable over-the-counter
auction market with the ability to participate in US Dollars, Euros or British Pounds for LBMA-authorized participating gold
bullion banks or market makers that establishes a reference gold price for that day’s trading. Once the value of the gold has been determined, the Trustee
subtracts all estimated accrued but unpaid fees (other than the fees accruing for such day on which the valuation takes place which
are computed by reference to the value of the Trust or its assets), expenses and other liabilities of the Trust from the total
value of gold and any other assets of the Trust. The resulting figure is the adjusted net asset value (“ANAV”) of the
Trust. The ANAV of the Trust is used to compute the Sponsor’s Fee. The Trust recognizes changes in fair value of the investment
in gold as changes in unrealized gains or losses on investment in gold through the Statement of Operations. The per Share amount of gold exchanged for a purchase or
redemption is calculated daily by the Trustee using the LBMA PM Gold Price to calculate the gold amount in respect of any
liabilities for which covering gold sales have not yet been made, and represents the per Share amount of gold held by
the Trust, after giving effect to its liabilities, to cover expenses and liabilities and any losses that may have occurred. Fair Value Hierarchy ASC 820 establishes a hierarchy that prioritizes inputs to valuation
techniques used to measure fair value. The three levels of inputs are as follows: – Level 1. Unadjusted quoted prices
in active markets for identical assets or liabilities that the Trust has the ability to access. – Level 2. Observable inputs other
than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument
on an inactive market, prices for similar instruments and similar data. – Level 3. Unobservable inputs for
the asset or liability to the extent that relevant observable inputs are not available, representing the Trust’s own assumptions
about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best
information available. To the extent that valuation is based on models or inputs that

Ended December 31, 2020 (Amounts

in 000's of US$, except for Share and per Share data) EXPENSES Sponsor's

Fee $ 4,233 $ 4,122 $ 3,641 Total

expenses 4,233 4,122 3,641 Net

investment loss ( 4,233 ) ( 4,122 ) ( 3,641 ) REALIZED

AND UNREALIZED GAINS / (LOSSES) Realized gain on gold

transferred to pay expenses 556 635 643 Realized gain on gold

distributed for the redemption of Shares 33,258 32,491 30,873 Change

in unrealized gain / (loss) on investment in gold ( 46,948 ) ( 159,986 ) 335,873 Total

gain / (loss) on investment in gold ( 13,134 ) ( 126,860 ) 367,389 Change

in net assets from operations $ ( 17,367 ) $ ( 130,982 ) $ 363,748 Net

increase / (decrease) in net assets per Share $ ( 0.12 ) $ ( 0.93 ) $ 2.93 Weighted average

number of Shares 143,922,466 140,204,658 124,112,022 See

Notes to the Financial Statements F- 5 abrdn

Gold ETF Trust Statements

of Changes in Net Assets For

the years ended December 31, 2022, 2021 and 2020 Year

Ended December 31, 2022 Shares Amount (Amounts in 000's

of US$, except for Share data) Opening balance at January

1, 2022 138,000,000 $ 2,391,232 Net investment loss ( 4,233 ) Realized gain on investment

in gold 33,814 Change in unrealized

(loss) on investment in gold ( 46,948 ) Creations 22,200,000 397,785 Redemptions ( 19,600,000 ) ( 328,867 ) Closing balance

at December 31, 2022 140,600,000 $ 2,442,783 Year

Ended December 31, 2021 Shares Amount (Amounts in 000's

of US$, except for Share data) Opening balance at January

1, 2021 146,200,000 $ 2,652,512 Net investment loss ( 4,122 ) Realized gain on investment

in gold 33,126 Change in unrealized

(loss) on investment in gold ( 159,986 ) Creations 7,200,000 128,307 Redemptions ( 15,400,000 ) ( 258,605 ) Closing balance

at December 31, 2021 138,000,000 $ 2,391,232 Year

Ended December 31, 2020 Shares Amount (Amounts in 000's

of US$, except for Share data) Opening balance at January

1, 2020 82,000,000 $ 1,195,897 Net investment loss ( 3,641 ) Realized gain on investment

in gold 31,516 Change in unrealized

gain on investment in gold 335,873 Creations 76,700,000 1,296,036 Redemptions ( 12,500,000 ) ( 203,169 ) Closing balance

at December 31, 2020 146,200,000 $ 2,652,512 See

Notes to the Financial Statements F- 6 abrdn

Gold ETF Trust Financial

Highlights For

the years ended December 31, 2022, 2021 and 2020 Year

Ended December 31, 2022 Year

Ended December 31, 2021 Year

Ended December 31, 2020 Per

Share Performance (for a Share outstanding throughout the entire period) Net asset value per Share

at beginning of period $ 17.33 $ 18.14 $ 14.58 Income

from investment operatio Net

investment loss ( 0.03 ) ( 0.03 ) ( 0.03 ) Total

realized and unrealized gains or losses on investment in gold 0.07 ( 0.78 ) 3.59 Change

in net assets from operations 0.04 ( 0.81 ) 3.56 Net asset value

per Share at end of period $ 17.37 $ 17.33 $ 18.14 Weighted average

number of Shares 143,922,466 140,204,658 124,112,022 Expense

ratio 0.17 % 0.17 % 0.17 % Net

investment loss ratio ( 0.17 )% ( 0.17 )% ( 0.17 )% Total

return, net asset value 0.23 % ( 4.47 )% 24.42 % See

Notes to the Financial Statements F- 7 abrdn Gold ETF Trust Notes to the Financial Statements 1. Organization The abrdn Gold ETF Trust (known as

Aberdeen Standard Gold ETF Trust prior to March 31, 2022) (the “Trust”) is a common law trust formed on September

1, 2009 under New York law pursuant to a depositary trust agreement (the “Trust Agreement”) executed by abrdn

ETFs Sponsor LLC (known as Aberdeen Standard ETFs Sponsor LLC prior to March 1, 2022) (the “Sponsor”) and The Bank

of New York Mellon as Trustee (the “Trustee”). The Trust holds gold and issues abrdn Physical Gold Shares

ETF (known as Aberdeen Standard Physical Gold Shares ETF prior to March 31, 2022) (“Shares”) in minimum blocks of 100,000 Shares (also referred to as “Baskets”) in exchange for deposits of gold and distributes gold in connection

with the redemption of Baskets. Shares represent units of fractional undivided beneficial interest in and ownership of the Trust

which are issued by the Trust. The Sponsor is a Delaware limited liability company and a wholly-owned subsidiary of abrdn Inc.

abrdn Inc. is a wholly-owned indirect subsidiary of abrdn plc. The Trust is governed by the Trust Agreement. The investment objective of the Trust is

for the Shares to reflect the performance of the price of gold, less the Trust’s expenses and liabilities. The Trust

is designed to provide an individual owner of beneficial interests in the Shares (a “Shareholder”) an opportunity to

participate in the gold market through an investment in securities. 2. Significant Accounting Policies The preparation of financial statements in accordance with U.S.

GAAP requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts

and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies

followed by the Trust. 2.1. Basis of Accounting The Sponsor has determined that the Trust falls within the scope

of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial

Services—Investment Companies , and has concluded that for reporting purposes, the Trust is classified as an Investment

Company. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register

under such act. 2.2. Valuation of Gold The Trust follows the provisions of ASC 820, Fair Value Measurement (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the

inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell

an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Trust's gold is held by JPMorgan Chase Bank, N.A. (the

“Custodian”), on behalf of the Trust, at its London, England and Zurich, Switzerland vaulting premises and may

also be held at the Zurich, Switzerland vaulting premises of UBS AG, or any other firm selected by the Custodian, to hold the Trust's

gold in the Trust's allocated account in the firm's vault premises on a segregated basis. Effective as of the close of business

June 20, 2019, the Sponsor approved the addition of London, England as a location where the Custodian may custody allocated gold

bullion deposited with and held by the Trust. At December 31, 2022, none of the Trust's gold was held by a sub-custodian. The Trust's gold is recorded at fair value. The cost of gold

is determined according to the average cost method and the fair value is based on the London Bullion Market Association ("LBMA")

PM Gold Price. Realized gains and losses on transfers of gold, or gold distributed for the redemption of Shares, are calculated

on a trade date basis as the difference between the fair value and average cost of gold transferred. F- 8 abrdn Gold ETF Trust Notes to the Financial Statements The LBMA PM Gold Price is set using the afternoon session

of the ICE Benchmark Administration (“IBA”) equilibrium auction, an electronic, tradable and auditable over-the-counter

auction market with the ability to participate in US Dollars, Euros or British Pounds for LBMA-authorized participating gold

bullion banks or market makers that establishes a reference gold price for that day’s trading. Once the value of the gold has been determined, the Trustee

subtracts all estimated accrued but unpaid fees (other than the fees accruing for such day on which the valuation takes place which

are computed by reference to the value of the Trust or its assets), expenses and other liabilities of the Trust from the total

value of gold and any other assets of the Trust. The resulting figure is the adjusted net asset value (“ANAV”) of the

Trust. The ANAV of the Trust is used to compute the Sponsor’s Fee. The Trust recognizes changes in fair value of the investment

in gold as changes in unrealized gains or losses on investment in gold through the Statement of Operations. The per Share amount of gold exchanged for a purchase or

redemption is calculated daily by the Trustee using the LBMA PM Gold Price to calculate the gold amount in respect of any

liabilities for which covering gold sales have not yet been made, and represents the per Share amount of gold held by

the Trust, after giving effect to its liabilities, to cover expenses and liabilities and any losses that may have occurred. Fair Value Hierarchy ASC 820 establishes a hierarchy that prioritizes inputs to valuation

techniques used to measure fair value. The three levels of inputs are as follows: – Level 1. Unadjusted quoted prices

in active markets for identical assets or liabilities that the Trust has the ability to access. – Level 2. Observable inputs other

than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument

on an inactive market, prices for similar instruments and similar data. – Level 3. Unobservable inputs for

the asset or liability to the extent that relevant observable inputs are not available, representing the Trust’s own assumptions

about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best

information available. To the extent that valuation is based on models or inputs that