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

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31, 2021 (Amounts
in 000's of US$, except for Share and per Share data) EXPENSES Sponsor's
Fee $ 1,073 $ 1,051 Total
expenses 1,073 1,051 Net
investment loss ( 1,073 ) ( 1,051 ) REALIZED
AND UNREALIZED GAINS / (LOSSES) Realized
gain on gold transferred to pay expenses 159 195 Realized
gain on gold distributed for the redemption of Shares 3,764 20,641 Change
in unrealized gain / (loss) on investment in gold 182,325 ( 298,124 ) Total
gain / (loss) on investment in gold 186,248 ( 277,288 ) Change
in net assets from operations $ 185,175 $ ( 278,339 ) Net
increase / (decrease) in net assets per Share $ 1.30 $ ( 1.91 ) Weighted
average number of Shares 142,513,333 145,787,778 See
Notes to the Financial Statements 3 abrdn
Gold ETF Trust Statements
of Changes in Net Assets (Unaudited) For
the three months ended March 31, 2022 and 2021 Three
Months Ended March 31, 2022 (Amounts
in 000's of US$, except for Share data) Shares Amount Opening
balance at January 1, 2022 138,000,000 $ 2,391,232 Net
investment loss ( 1,073 ) Realized
gain on investment in gold 3,923 Change
in unrealized gain on investment in gold 182,325 Creations 12,300,000 223,384 Redemptions ( 1,000,000 ) ( 18,660 ) Closing
balance at March 31, 2022 149,300,000 $ 2,781,131 Three
Months Ended March 31, 2021 (Amounts
in 000's of US$, except for Share data) Shares Amount Opening
balance at January 1, 2021 146,200,000 $ 2,652,512 Net
investment loss ( 1,051 ) Realized
gain on investment in gold 20,836 Change
in unrealized (loss) on investment in gold ( 298,124 ) Creations 3,400,000 60,968 Redemptions ( 10,200,000 ) ( 170,304 ) Closing
balance at March 31, 2021 139,400,000 $ 2,264,837 See
Notes to the Financial Statements 4 abrdn
Gold ETF Trust Financial
Highlights (Unaudited) For
the three months ended March 31, 2022 and 2021 Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Per Share Performance (for a Share outstanding throughout the entire period) Net asset value per Share at beginning of period $ 17.33 $ 18.14 Income from investment operatio Net investment loss ( 0.01 ) ( 0.01 ) Total realized and unrealized gains or losses on investment in gold 1.31 ( 1.88 ) Change in net assets from operations 1.30 ( 1.89 ) Net asset value per Share at end of period $ 18.63 $ 16.25 Weighted average number of Shares 142,513,333 145,787,778 Expense ratio (1) 0.17 % 0.17 % Net investment loss ratio (1) ( 0.17 )% ( 0.17 )% Total return, net asset value (2) 7.50 % ( 10.42 )% (1) Annualized
for periods less than one year. (2) Total
return is not annualized. See
Notes to the Financial Statements 5 abrdn
Gold ETF Trust Notes
to the Financial Statements (Unaudited) 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 Investments 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 bullion 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. (known as Aberdeen Standard Investments Inc.
prior to January 1, 2022). abrdn Inc. is a wholly-owned indirect subsidiary of abrdn (formerly known as Standard Life Aberdeen)
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. The fiscal year end for the Trust is
December 31. The
accompanying financial statements were prepared in accordance with the accounting principles generally accepted in the United
States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q. In the
opinion of the Trust’s management, all adjustments (which consist of normal recurring adjustments) necessary to present
fairly the financial position and results of operations as of and for the three months ended March 31, 2022 and
for all periods presented have been made. These
financial statements should be read in conjunction with the Trust’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2021. The results of operations for the three months ended March 31, 2022 are not necessarily indicative
of the operating results for the full year. 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. 6 abrdn
Gold ETF Trust Notes
to the Financial Statements (Unaudited) 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 March
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. 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 gold has been determined, the net asset value (the “NAV”) is computed by the Trustee by deducting
all accrued fees, expenses and other liabilities of the Trust, including the remuneration due to the Sponsor (the “Sponsor’s
Fee”), from the fair value of the gold and all other assets held by the Trust. 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,

31, 2021 (Amounts

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

Fee $ 1,073 $ 1,051 Total

expenses 1,073 1,051 Net

investment loss ( 1,073 ) ( 1,051 ) REALIZED

AND UNREALIZED GAINS / (LOSSES) Realized

gain on gold transferred to pay expenses 159 195 Realized

gain on gold distributed for the redemption of Shares 3,764 20,641 Change

in unrealized gain / (loss) on investment in gold 182,325 ( 298,124 ) Total

gain / (loss) on investment in gold 186,248 ( 277,288 ) Change

in net assets from operations $ 185,175 $ ( 278,339 ) Net

increase / (decrease) in net assets per Share $ 1.30 $ ( 1.91 ) Weighted

average number of Shares 142,513,333 145,787,778 See

Notes to the Financial Statements 3 abrdn

Gold ETF Trust Statements

of Changes in Net Assets (Unaudited) For

the three months ended March 31, 2022 and 2021 Three

Months Ended March 31, 2022 (Amounts

in 000's of US$, except for Share data) Shares Amount Opening

balance at January 1, 2022 138,000,000 $ 2,391,232 Net

investment loss ( 1,073 ) Realized

gain on investment in gold 3,923 Change

in unrealized gain on investment in gold 182,325 Creations 12,300,000 223,384 Redemptions ( 1,000,000 ) ( 18,660 ) Closing

balance at March 31, 2022 149,300,000 $ 2,781,131 Three

Months Ended March 31, 2021 (Amounts

in 000's of US$, except for Share data) Shares Amount Opening

balance at January 1, 2021 146,200,000 $ 2,652,512 Net

investment loss ( 1,051 ) Realized

gain on investment in gold 20,836 Change

in unrealized (loss) on investment in gold ( 298,124 ) Creations 3,400,000 60,968 Redemptions ( 10,200,000 ) ( 170,304 ) Closing

balance at March 31, 2021 139,400,000 $ 2,264,837 See

Notes to the Financial Statements 4 abrdn

Gold ETF Trust Financial

Highlights (Unaudited) For

the three months ended March 31, 2022 and 2021 Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Per Share Performance (for a Share outstanding throughout the entire period) Net asset value per Share at beginning of period $ 17.33 $ 18.14 Income from investment operatio Net investment loss ( 0.01 ) ( 0.01 ) Total realized and unrealized gains or losses on investment in gold 1.31 ( 1.88 ) Change in net assets from operations 1.30 ( 1.89 ) Net asset value per Share at end of period $ 18.63 $ 16.25 Weighted average number of Shares 142,513,333 145,787,778 Expense ratio (1) 0.17 % 0.17 % Net investment loss ratio (1) ( 0.17 )% ( 0.17 )% Total return, net asset value (2) 7.50 % ( 10.42 )% (1) Annualized

for periods less than one year. (2) Total

return is not annualized. See

Notes to the Financial Statements 5 abrdn

Gold ETF Trust Notes

to the Financial Statements (Unaudited) 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 Investments 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 bullion 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. (known as Aberdeen Standard Investments Inc.

prior to January 1, 2022). abrdn Inc. is a wholly-owned indirect subsidiary of abrdn (formerly known as Standard Life Aberdeen)

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. The fiscal year end for the Trust is

December 31. The

accompanying financial statements were prepared in accordance with the accounting principles generally accepted in the United

States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q. In the

opinion of the Trust’s management, all adjustments (which consist of normal recurring adjustments) necessary to present

fairly the financial position and results of operations as of and for the three months ended March 31, 2022 and

for all periods presented have been made. These

financial statements should be read in conjunction with the Trust’s Annual Report on Form 10-K for the fiscal year ended

December 31, 2021. The results of operations for the three months ended March 31, 2022 are not necessarily indicative

of the operating results for the full year. 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. 6 abrdn

Gold ETF Trust Notes

to the Financial Statements (Unaudited) 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 March

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. 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 gold has been determined, the net asset value (the “NAV”) is computed by the Trustee by deducting

all accrued fees, expenses and other liabilities of the Trust, including the remuneration due to the Sponsor (the “Sponsor’s

Fee”), from the fair value of the gold and all other assets held by the Trust. 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,