424I: SPDR Gold Trust Files Prospectus Supplement, Registration Fee Calculated at $0.00

SPDR Gold Trust filed a prospectus supplement for the fiscal year ended September 30, 2024, with a calculated registration fee of $0.00.

Summary

• SPDR Gold Trust has filed a prospectus supplement under Rule 424(i) for the fiscal year ending September 30, 2024.
• The filing calculates the registration fee due under Rule 456(d) of the Securities Act.
• The aggregate sale price of securities sold during the fiscal year was $17,135,494,872.97.
• The aggregate redemption or repurchase price of securities was $16,315,616,416.46.
• Redemption credits from prior fiscal years totaled $3,517,387,288.31.
• The net sales amount was $0.00.
• The amount of redemption credits available for use in future years is -$2,697,508,831.80.
• The fee rate used to determine the registration fee was 0.0001531.
• The calculated registration fee due is $0.00.
• No interest is due on the registration fee.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, and the calculated fee of $0.00 is neutral to slightly positive as it indicates no additional cost for the filing. There is no indication of any issues.

Positives

• The calculated registration fee due is $0.00, indicating no immediate cost for this filing.

Industry Context

This filing is a routine regulatory requirement for investment trusts like SPDR Gold Trust, ensuring compliance with securities laws.

Comparison to Industry Standards

• The SPDR Gold Trust is a large, well-established gold-backed ETF, and its filings are generally consistent with those of similar exchange-traded products.
• The calculation of registration fees is a standard process for such trusts, and the $0.00 fee indicates that the trust's redemptions offset its sales during the fiscal year.
• Other large gold ETFs, such as iShares Gold Trust (IAU), would have similar filings, though the specific numbers would vary based on their trading volumes and redemption activity.

Stakeholder Impact

• The filing has a neutral impact on shareholders as it is a routine regulatory requirement.
• The $0.00 registration fee is a positive for shareholders as it indicates no additional cost for the filing.

Key Dates

Keywords

SPDR Gold Trust, Prospectus Supplement, Registration Fee, Securities Act, Gold Shares, Redemption, Fiscal Year, Rule 424(i), Rule 456(d)